HomeMy WebLinkAboutReso 2003-133RESOLUTION NO. 2003-133
(AGENCYRESOLUTIONNO. 1817)
JOINT RESOLUTION OF THE REDEVELOPMENT AGENCY
AND CITY COUNCIL OF THE CITY OF CHULA VISTA
APPROVING A PROPERTY ACQUISITION STIPULATED
SETTLEMENT WITH THE RADOS BROTHERS AS OWNERS
OF THE VACANT PROPERTY AT THE SOUTHWEST
CORNER OF BAY BOULEVARD AND F STREET IN THE
BAYFRONT REDEVELOPMENT PROJECT AREA AND
APPROPRIATING $517,600 FROM THE MERGED PROJECT
AREA FUND AS A LOAN REPAYMENT TO THE
BAYFRONT/TOWN CENTRE I FUND AND APPROPRIATING
THESE FUNDS IN THE BAYFRONT/'rOWN CENTER I FUND
FOR THE SETTLEMENT PAYMENT
WHEREAS, in December, 1999, the City of Chula Vista and its Redevelopment Agency
entered into a Goodrich Relocation Agreement that facilitated the consolidation of the Goodrich
manufactur'mg and administrative office complex to the north of H Street thereby allowing their
property south of H Street to become available for a higher and better use development adjacent
to the Chula Vista Marina; and
WHEREAS, the Goodrich Relocation Agreement included an obligation of the City of
Chula Vista and its Redevelopment Agency to acquire and subsequently transfer a privately
owned 3.02 acre vacant property site at the southwest comer of Bay Boulevard and Lagoon
Drive (F Street) to Goodrich for inclusion in their new corporate campus; and
WHEREAS, the City and the Redevelopment Agency proceeded to acquire through the
use of eminent domain such 3.02 acre vacant property at the southwest comer of Bay Boulevard
and Lagoon Drive owned by the Rados Brothers; and
WHEREAS, a proposed stipulated settlement has been reached between the City of
Chula Vista, the Redevelopment Agency and the Rados Brothers for a total settlement mount of
$1,490,000; and
WHEREAS, the City of Chula Vista Redevelopment Agency previously deposited
$972,400 with the Superior Court as payment for the Rados Brothers' property.
NOW, THEREFORE, BE IT RESOLVED, the Redevelopment Agency and the City
Council of the City of Chula Vista do hereby approve a property acquisition stipulated settlement
with the Rados Brothers as owners of the vacant property at the southwest comer of Bay
Boulevard and F Street in the BayFront Redevelopment Project area; and do hereby appropriate
and authorize expenditure of $517,600 from the Merged Project Area Fund as a loan repayment
to the BayFront/Town Centre I Fund, and do hereby appropriate these funds in the
Bayfront/Town Centre I Fund for such settlement payment.
Resolution 2003-133
Page 2
Presented by
Approved as to form by
Community Development Director
Ann Moore
City Attorney/Agency Counsel
PASSED, APPROVED, and ADOPTED by the City Council and the Redevelopment
Agency of the City of Chula Vista, California, this 1st day of April, 2003, by the following vote:
AYES:
Agency/Councilmembers: Davis, Rindone, Salas, McCann, and Padilla
NAYS: Agency/Councilmembers: None
ABSENT:
ATTEST:
Agency/Councilmembers:
None
r/Chair
Susan Bigelow, City CI-trk
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
I, Susan Bigelow, City Clerk of Chula Vista, Califomia, do hereby certify that the foregoing City
Council Resolution No. 2003-133 Redevelopment Agency Resolution No. 1817 was duly passed,
approved, and adopted by the City Council and Redevelopment Agency at a regular meeting held
on the 1st day of April, 2003.
Executed this 1st day of April, 2003.
Susan Bigelow, City Clerk