HomeMy WebLinkAboutReso 2019-194RESOLUTION NO. 2019-194
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING THE CHULA VISTA BAYFRONT
PROJECT FUNDING AGREEMENT BY AND AMONG THE
COUNTY OF SAN DIEGO, THE CITY OF CHULA VISTA, THE
SAN DIEGO UNIFIED PORT DISTRCT, AND THE CHULA
VISTA BAYFRONT FACILITIES FINANCING AUTHORITY
WHEREIN THE COUNTY WILL PROVIDE A $25,000,000
LOAN TO THE CHULA VISTA BAYFRONT PROJECT
WHEREAS, the City of Chula Vista (the “City”), San Diego Unified Port District (the
“Port District”), and the Chula Vista Bayfront Facilities Financing Authority (the “Authority”)
(collectively, the “Receiving Parties”) have undertaken certain common efforts to create the Chula
Vista Bayfront Master Plan (CVBMP) and promote development of the approximately 535 -acre
Chula Vista Bayfront Project Area (the “Bayfront Project”); and
WHEREAS, the Receiving Parties formally requested the County of San Diego (the
“County”) contribute $25,000,000 to the Bayfront Project; and
WHEREAS, the County and the Receiving Parties have negotiated the Chula Vista
Bayfront Project Funding Agreement by and Among the County of San Diego, the City of Chula
Vista, the San Diego Unified Port District, and the Chula Vista Bayfront Facilities Financing
Authority (the “Funding Agreement”); and
WHEREAS, the City Council desires to enter into the Funding Agreement with the County,
the Port District, and the Authority in the form presented in Exhibit 1 to this resolution, so that it
may secure the County’s commitment to contribute $25,000,000 (via a loan) to the Bayfront
Project.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista,
that it approves the Chula Vista Bayfront Project Funding Agreement by and Among the County
of San Diego, the City of Chula Vista, the San Diego Unified Port District, and the Chula Vista
Bayfront Facilities Financing Authority, in substantially the form presented, with such minor
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 Clerk, and authorizes and directs the Mayor to execute same.
[SIGNATURES ON THE FOLLOWING PAGE]
DocuSign Envelope ID: DC5F3204-75B2-4E48-8A4B-53F15BCF74BB
Resolution No. 2019-194
Page No. 2
Presented by Approved as to form by
Gary Halbert Glen R. Googins
City Manager City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this
8th day of October 2019 by the following vote:
AYES: Councilmembers: Diaz, Galvez, McCann, Padilla, and Casillas Salas
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
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 foregoing
Resolution No. 2019-194 was duly passed, approved, and adopted by the City Council at a regular
meeting of the Chula Vista City Council held on the 8th day of October 2019.
Executed this 8th day of October 2019.
Kerry K. Bigelow, MMC, City Clerk
DocuSign Envelope ID: DC5F3204-75B2-4E48-8A4B-53F15BCF74BB