HomeMy WebLinkAboutReso 2018-174RESOLUTION NO. 2018-174
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING A REIMBURSEMENT
AGREEMENT BETWEEN THE CITY OF CHULA VISTA AND
HOMEFED VILLAGE III MASTER, LLC., FOR THE
CONSTRUCTION OF NEIGHBORHOOD PARK P-1 IN OTAY
RANCH VILLAGE 3
WHEREAS, City Council approved Resolution No. 2016-257 approving the Agreement
Regarding Construction of Neighborhood Park P -1 in Otay Ranch Village 3 and a portion of
Community Park P-2 in Otay Ranch Village 4, dated December 6, 2016 (the “Parks
Agreement”); and
WHEREAS, the provisions of turnkey Neighborhood Park P-1 (Project) are identified in
Section 3 of the Parks Agreement; and
WHEREAS, subject to the execution and approval by City Council of a separate
amendment to the Parks Agreement (First Amendment), the City and HomeFed agree to each
contribute matching fund amounts, up to but not to exceed five hundred thousand dollars
($500,000.00) each for a combined total not to exceed one million dollars ($1,000,000.00) to
cover only those costs needed to construct the park amenities included in Exhibit F of the First
Amendment, in addition to the Neighborhood Park Budget pursuant to the Parks Agreement; and
WHEREAS, subject to the execution and approval by City Council of said First
Amendment, the City and HomeFed agree that HomeFed’s additional contribution of
$500,000.00 is in excess of their fee obligation, pursuant to the City’s Parkland Acquisition and
Fee Program, and is not eligible for credit against said fee program; and
WHEREAS, pursuant to Resolution No. 2006-191, the City has collected funds from the
Eastlake III Senior Project (Olympic Pointe) which may be utilized on any park or public facility
serving the Eastern Territories of Chula Vista (the “Olympic Pointe Park Funds”); and
WHEREAS, the Project is eligible for funds from the Olympic Pointe Park Funds; and
WHEREAS, subject to the execution and approval by City Council of said First
Amendment, the City Council desires to apply a portion of the funds collected from the Olympic
Pointe Park Funds to satisfy the City’s contribution of five hundred thousand dollars
($500,000.00) toward the Neighborhood Park P-1 budget; and
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Resolution No. 2018-174
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WHEREAS, currently, the City has sufficient Olympic Pointe Park funds available to
reimburse HomeFed for the City’s contribution toward the Neighborhood Park P-1 budget; and
WHEREAS, HomeFed desires to enter into this Reimbursement Agreement with the
City, so that it may obtain reimbursement for the City’s contribution toward the Neighborhood
Park P-1 budget.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula
Vista, that it hereby approves the Reimbursement Agreement between the City of Chula Vista
and HomeFed Village III Master, LLC., for the Construction of Neighborhood Park P-1 in Otay
Ranch Village 3.
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Resolution No. 2018-174
Page No. 3
Presented by Approved as to form by
Kelly G. Broughton, FASLA Glen R. Googins
Director of Development Services City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 14th day of August 2018 by the following vote:
AYES: Councilmembers: Aguilar, Diaz, McCann, and Padilla
NAYS: Councilmembers: None
ABSENT: Councilmembers: Casillas Salas
Mary Casillas Salas, Mayor
ATTEST:
Kerry K. Bigelow, MMC, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Kerry K. Bigelow, City Clerk of Chula Vista, California, do hereby certify that the for egoing
Resolution No. 2018-174 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 14th day of August 2018.
Executed this 14th day of August 2018.
Kerry K. Bigelow, MMC, City Clerk
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