HomeMy WebLinkAboutrda min 2000/05/02 CC MINUTES OF AN ADJOURNED MEETING OF THE CITY COUNCIL
AND A REGULAR MEETING OF THE
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
May 2, 2000 4:00 p.m.
An Adjourned Meeting of the City Council and a Regular Meeting of the Redevelopment Agency of
the City of Chula Vista were called to order by Mayor/Chair Horton at 7:38 p.m., immediately
following the Regular Meeting of the City Council, in the Cotmcil Chambers located in the Public
Services Building, 276 Fourth Avenue, Chula Vista, California.
On roll call, there were:
PRESENT: Agency/Councilmembers Davis, Moot, Padilla, Salas, Chair/Mayor Horton.
ABSENT: None
CONSENT CALENDAR
(Items 1 and 2)
1. AGENCY RESOLUTION NO. 1665, RESOLUTION OF THE REDEVELOPMENT
AGENCY OF THE CITY OF CHULA VISTA ADOPTING NEGATIVE DECLARATION
IS-00-09 AND APPROViNG OWNER PARTICIPATION AGREEMENT WITH THE
DAN COMPANY FOR THE DEVELOPMENT OF AN INDUSTRIAL BUILDING
LOCATED AT 680 L STREET WITHIN THE SOUTHWEST REDEVELOPMENT
PROJECT AREA
The Dan Company is proposing the construction of a 36,900 square-foot industrial building
on a graded vacant lot at 680 L Street, located in the Southwest Redevelopment Project Area.
The building will be used for the warehousing and distribution of commercial goods.
(Commtmity Development Director)
Staff recommendation: The Agency adopt the resolution.
2. AGENCY RESOLUTION NO. 1666, RESOLUTION OF THE REDEVELOPMENT
AGENCY OF THE CITY OF CHULA VISTA AUTHORIZING A CONTRACT
AMENDMENT FOR ON-CALL LEGAL SERVICES FOR THE GATEWAY CHULA
VISTA PROJECT
Gateway Chula Vista LLC has proposed to develop approximately 4.5 acres of property
located at the northwest comer of Third Avenue and H Street. The Agency and the
development team for Gateway have been negotiating the terms and conditions for a
Disposition and Development Agreement for the project since early 1999. Additional
consultant time, specifically, specialized legal services not to exceed $45,000, is needed to
finalize the negotiations and prepare final documents for presentation to the Agency in May.
(Con~ntmity Development Director)
Staff recommendation: The Agency adopt the resolution.
ACTION: Chair/Mayor Horton moved to approve staff recommendations and offered the
Consent Calendar, headings read, texts waived. The motion carried 5-0.
ORAL COMMUNICATIONS
There were none.
ACTION ITEMS
3. CONSIDERATION OF ADOPTION OF RESOLUTIONS APPROViNG THE AGENCY
FiNANCIAL PLAN AND ASSOCIATED AGENCY BUDGET AMENDMENT,
APPROVING THE SALE OF THREE SERIES OF REDEVELOPMENT AGENCY 2000
TAX ALLOCATION BONDS FOR THREE REDEVELOPMENT PROJECTS, AND
AUTHORIZiNG THE EXPENDITURE OF LOW AND MODERATE INCOME HOUSING
FUNDS OUTSIDE THE PROJECT AREA
In May 1999, the services of Rod Gunn Associates (RGA) were secured to prepare an
Agency Financial Plan to evaluate the Agency's financial status. As a result of their
analysis, RGA is recommending the issuance of tax-exempt tax allocation bonds to be
secured by property tax increment from the Otay Valley Road, Town Centre II and
Southwest Project Areas. The bond proceeds would be used to repay some inter-fund loans
and provide funding for future Agency projects over the next three to five years.
ACTION: Chair/Mayor Horton offered the following resolutions, headings read, texts waived:
A. AGENCY RESOLUTION NO. 1668, RESOLUTION OF THE
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
APPROVING THE AGENCY FINANCIAL PLAN AND AMENDING
VARIOUS AGENCY PROJECT AREA FISCAL YEAR 2000 BUDGETS
IN ACCORDANCE WITH THE APPROVED AGENCY FINANCIAL
PLAN AND AUTHORIZING THE VARIOUS INTER-PROJECT AREA
ADVANCES AND ADVANCE REPAYMENTS RELATED THERETO,
AND AUTHORIZiNG THE EXPENDITURE OF LOW AND MODERATE
iNCOME HOUSING FUNDS OUTSIDE THE PROJECT AREA
B. AGENCY RESOLUTION NO. 1667, RESOLUTION OF THE
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
AUTHORIZiNG AND DIRECTiNG THE ISSUANCE AND SALE OF (I)
NOT-TO-EXCEED $7,000,000 PRINCIPAL AMOUNT 2000 TAX
ALLOCATION BONDS FOR THE TOWN CENTRE NO. II
REDEVELOPMENT PROJECT, (II) NOT-TO-EXCEED $7,000,000
PRINCIPAL AMOUNT 2000 TAX ALLOCATION BONDS FOR THE
OTAY VALLEY ROAD REDEVELOPMENT PROJECT, AND (III) NOT-
TO-EXCEED $4,000,000 PRINCIPAL AMOUNT 2000 TAX
ALLOCATION BONDS FOR THE SOUTHWEST REDEVELOPMENT
PROJECT, AND APPROVING AN OFFICIAL NOTICE OF SALE FOR
EACH, A CONTINUING DISCLOSURE CERTIFICATE FOR EACH,
APPROVING THE PREPARATION AND DISTRIBUTION OF A
PRELIMINARY OFFICIAL STATEMENT AND FINANCING
DOCUMENTS, AUTHORIZING THE SALE OF THE 2000 BONDS ON
CERTAIN TERMS AND CONDITIONS, AUTHORIZING CERTAIN
OTHER OFFICIAL ACTIONS AND PROVIDING FOR OTHER
MATTERS PROPERLY RELATING THERETO, AND APPROVING A
CONTRACT WITH ROD GUNN ASSOCIATES FOR FINANCIAL
ADVISOR SERVICES AND WAIVING THE CONSULTANT
SELECTION PROCESS AS IMPRACTICAL
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ACTION ITEMS (Continued)
C. COUNCIL RESOLUTION NO. 2000-142, JOINT RESOLUTION OF THE
CITY COUNCIL AND THE REDEVELOPMENT AGENCY OF THE
CITY OF CHULA VISTA AUTHORIZING AND DIRECTING THE
ISSUANCE AND SALE OF (I) NOT-TO-EXCEED $7,000,000
PRINCIPAL AMOUNT 2000 TAX ALLOCATION BONDS FOR THE
TOWN CENTRE NO. II REDEVELOPMENT PROJECT, (II) NOT-TO-
EXCEED $7,000,000 PRINCIPAL AMOUNT 2000 TAX ALLOCATION
BONDS FOR THE OTAY VALLEY ROAD REDEVELOPMENT
PROJECT, AND (III) NOT-TO-EXCEED $4,000,000 PRINCIPAL
AMOUNT 2000 TAX ALLOCATION BONDS FOR THE SOUTHWEST
REDEVELOPMENT PROJECT, AND APPROVING AN OFFICIAL
NOTICE OF SALE FOR EACH, A CONTINUING DISCLOSURE
CERTIFICATE FOR EACH, APPROVING THE PREPARATION AND
DISTRIBUTION OF A PRELIMINARY OFFICIAL STATEMENT AND
FINANCING DOCUMENTS, AUTHORIZING THE SALE OF THE 2000
BONDS ON CERTAIN TERMS AND CONDITIONS, AUTHORIZING
CERTAIN OTHER OFFICIAL ACTIONS AND PROVIDING FOR OTHER
MATTERS PROPERLY RELATING THERETO, AND APPROVING A
CONTRACT WITH ROD GUNN ASSOCIATES FOR FINANCIAL
ADVISOR SERVICES AND WAIVING THE CONSULTANT
SELECTION PROCESS AS IMPRACTICAL
D. COUNCIL RESOLUTION NO. 2000-143, JOINT RESOLUTION OF THE
CITY COUNCIL OF CHULA VISTA AND THE REDEVELOPMENT
AGENCY OF THE CITY OF CHULA VISTA APPROVING THE
AGENCY FINANCIAL PLAN AND AMENDING VARIOUS AGENCY
PROJECT AREA FISCAL YEAR 2000 BUDGETS IN ACCORDANCE
WITH THE APPROVED AGENCY FINANCIAL PLAN AND
AUTHORIZING THE VARIOUS iNTER-PROJECT AREA ADVANCES
AND ADVANCE REPAYMENTS RELATED THERETO, AND
AUTHORIZING THE EXPENDITURE OF LOW AND MODERATE
INCOME HOUSING FUNDS OUTSIDE THE PROJECT AREA
The motion carried unanimously.
OTHER BUSINESS
4. DIRECTOR'S/CITY MANAGER'S REPORTS
There were none.
5. CHAIR'S/MAYOR'S REPORTS
There were none.
6. AGENCY/COUNCIL COMMENTS
There were none.
Page 3 Council/RDA Minutes 05/02/00
At 7:50 p.m., Chair/Mayor Horton recessed the meeting to Closed Session.
CLOSED SESSION
7. CONFERENCE WITH REAL PROPERTY NEGOTIATOR PURSUANT TO
GOVERNMENT CODE SECTION 54956.8
Property: 1) 565-010-30 and 567-011-05 Midbayfront 96.57 acres
2) 567-010-28 Bayfront Park 04.94 acres
3) 567-011-01,565-01-12, SDG&E ROW 09.8 acres(appx)
565-010-15, ptn 565-010-18
4) 567-021-11, ptn 565-290-39 SD&AE ROW 02.3 acres(appx)
5) 565-310-09, 565-310-25 Street Merziotis 06.35 acres
6) 567-011-04 Marina Motor Hotel 01.0 acres
7) 567-010-18 Cappos 02.01 acres
8) 567-010-19 Shangri La 02.73 acres
9) 567-021-32 Lagoon Drive Park 01.14 acres
Negotiating Parties: Redevelopment Agency/City of Chula Vista (Chris Salamone); Chula Vista
Capital, B.F. Goodrich, SDG&E, SD&AE, Tuchscher Development
Enterprises, Inc.
Under Negotiation: Price and terms for disposition/acquisition
8. CONFERENCE WITH LEGAL COUNSEL REGARDING EXISTING LITIGATION
PURSUANT TO GOVERNMENT CODE SECTION 54956.9(a)
Agency v. Shinohara (Case No. GIS002460)
This item was not discussed
ADJOURNMENT
At 8:30 p.m., Chair/Mayor Horton adjourned the meeting to an Adjourned Redevelopment Agency
Meeting to be held May 9, 2000, at 6:00 p.m., immediately following the City Council meeting.
Respectfully submitted,
Susan Bigelow, CMC/AAE, City Clerk
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