HomeMy WebLinkAboutReso 2003-041 RESOLUTION NO. 2003-041
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING THE PURCHASE AGREEMENT
WITH JACOBS VERNON PROJECT, LLC FOR THE REAL
PROPERTY LOCATED ON OXFORD STREET, BETWEEN
BROADWAY AND INDUSTRIAL BOULEVARD (SAN DIEGO
APN 618-200-59), AUTHORIZING THE MAYOR TO
EXECUTE SAID AGREEMENT, AND APPROPRIATING
FUNDS THEREFOR
WHEREAS, the property located on Oxford Street between Broadway and Industrial is
the last undeveloped property of this type and size available on the west side of the City; and
WHEREAS, staff learned this property was being offered for sale and believes there may
be a public use for this property; and
WHEREAS, staff has not analyzed and is not recommending.the purchase of the property
for a specific project, however believes it would be an appropriate site for a number of possible
projects including a recreation facility, neighborhood park, or a joint use project with the
adjacent school; and
- WHEREAS, the Environmental Review Coordinator has reviewed the proposed activity
for compliance with the California Environmental Quality Act ("CEQA") and has determined
that the activity is not a "Project" as defined under Section 15378 of the State CEQA Guidelines
and is therefore not subject to CEQA; and
WHEREAS, City is purchasing property for public purposes for which the power of
eminent domain may have been used; and
WHEREAS, City and Jacobs Vernon Project, LLC both recognize the time and expense
associated with an eminent domain proceeding; and
WHEREAS, the agreed to purchase price represents a compromise and settlement in lieu
of such litigation; and
WHEREAS, as the result of negotiations between staff and Jacobs Vernon Project, LLC,
a purchase price of $2,270,000 was agreed to; and
WHEREAS, the purchase price would be paid from the General Fund by a down
payment of $50,000 upon opening of Escrow with the balance of $2,220,000 due upon closing;
and
WHEREAS, the unique opportunity presented by the availability of this parcel at this
time has lead staff to recommend the City Council approve a Purchase Agreement with Jacobs
Vernon Project, LLC for the real property located on Oxford Street, between Broadway and
Industrial Boulevard.
NOW, THEREFORE, BE IT RESOLVED that the City Council approves the Purchase
Agreement with Jacobs Vernon Project, LLC presented in substantially final form subject to such
Resolution 2003-041
Page 2
modifications as deemed in the best interest of the City by the City Attorney, a copy of which
shall be kept on file in the office of the City Clerk.
BE IT FURTHER RESOLVED that the Mayor of the City of Chula Vista is hereby
authorized to execute said Agreement on behalf of the City of Chula Vista.
BE IT FURTHER RESOLVED that the City Council does hereby appropriate from the
available fund balance of the General Fund $2,275,500.
Presemed by Approved as to form by
Johnflql. Kaheny
~i~eer~g Director ~fAttomey
Resolution 2003-041
Page 3
- PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 28th day of January, 2003, by the following vote:
AYES: Councilmembers: Davis, Rindone, Salas, McCann and Padilla
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
ATTEST:
Susan Bigelow, City Clerk°
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
- CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2003-041 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 28th day of January, 2003.
Executed this 28th day of January, 2003.
Susan Bigelow, City Clerk "'