HomeMy WebLinkAboutReso 2019-059RESOLUTION NO. 2019-059
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING THE REAL PROPERTY
PURCHASE AND SALE AGREEMENT FOR 224 THIRD
AVENUE BY AND BETWEEN THE CITY OF CHULA VISTA
AND TECTURE RED, LLC
WHEREAS, in February 2015, the City Council authorized the purchase of real property,
a 0.14-acre parcel at 224 Third Avenue, directly north of the Vogue Theater, for a purchase price
of $260,000; and
WHEREAS, the City of Chula Vista’s acquisition of the subject parcel was an open-
market opportunity purchase made with the intent of holding the property for future use as an
economic incentive to encourage redevelopment of the adjacent Vogue Theater property which
will further foster economic vitality on Third Avenue; and
WHEREAS, Tecture Red, LLC (“Tecture”) has expressed interest in purchasing the
subject property for use in the redevelopment and revitalization of The Vogue Theater on the
adjacent parcel located at 226 Third Avenue; and
WHEREAS, the City of Chula Vista (“City”) has determined that the sale of 224 Third
Avenue is necessary to enable and incentivize Tecture to redevelop and revitalize the adjacent
Vogue Theater; and
WHEREAS, Tecture has offered to purchase the Property from City for $210,000, a cost
determined to be fair market value, and subject to the conditions set forth within the Real
Property Sale Agreement and City has agreed to sell the Property to Tecture subject to those
conditions; and
WHEREAS, the subject property is being sold in accordance with Chula Vis ta Municipal
Code Section 2.56.130 and with the recommendation of the City Manager and approval of the
City Council; and
WHEREAS, the property has been determined to have no present or future use for public
purposes and the sale of the property was duly noticed on the City’s website; and
WHEREAS, the property is being proposed for sale to Tecture with the expectation that
Tecture shall strive to utilize the subject parcel in achieving the shared vision for the project as a
theater and indoor-outdoor entertainment venue that stimulates the region and cultivates South
San Diego’s creative scene thereby encouraging further revitalization and economic success on
Third Avenue and throughout Chula Vista.
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Resolution No. 2019-059
Page No. 2
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista
that it approves the Real Property Purchase and Sale Agreement for 224 Third Avenue by and
between the City of Chula Vista and Tecture Red, LLC in the form presented, with such
modifications as may be required or approved by the City Attorney, a copy of which shall be
kept on file in the office of the City Attorney, and authorizes and directs the Mayor, or
designated employee, to execute same.
BE IT FUTHER RESOLVED by the City Council of the City of Chula Vista that it
authorizes the Director of Economic Development or designee to execute such further
documentation and take such further action as necessary to effectuate the sale of the property 224
Third Avenue in a manner consistent with executed Purchase and Sale Agreement and t his
resolution.
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Resolution No. 2019-059
Page No. 3
Presented by Approved as to form by
Eric C. Crockett Glen R. Googins
Director of Economic Development City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 16th day of April 2019 by the following vote:
AYES: Councilmembers: Diaz, Galvez, McCann, and Padilla
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: 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 cert ify that the foregoing
Resolution No. 2019-059 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 16th day of April 2019.
Executed this 16th day of April 2019.
Kerry K. Bigelow, MMC, City Clerk
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