HomeMy WebLinkAboutReso 1985-12282 RESOLUTION NO. 12282
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING AN INCREASE IN THE FAIR
MARKET VALUE OF LAND FOR THE PURPOSE OF
ESTABLISHING THE IN-LIEU PARKING FEE
The City Council of the City of Chula Vista does hereby resolve as
follows:
WHEREAS, Chula Vista City Ordinance 19.62.040 states that the in lieu
parking fee is based upon twenty-five percent of the fair market value of that
portion of the property which would have been required to be developed for
parking purposes; and
WHEREAS, for the purpose of establishing the in-lieu parking fee, the
fair market value of land has been computed at $10 per square foot since the
ordinance was adopted in 1980; and
WHEREAS, the fair market value of land within the Downtown Parking
District has increased to $16 per square foot; and
WHEREAS, the Town Centre Project Area Committee has recommended an
increase in the fair market value to $16 per square foot for the purpose of
establishing the in lieu parking fee; and
WHEREAS, on November 21, the Redevelopment Agency approved a
resolution to authorize the City Council to increase the in-lieu parking fee;
and
WHEREAS, the Redevelopment Agency and Town Centre Project Area
Committee have further recommended that staff be authorized to review and
adjust the fair market value figure on an annual basis.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Chula Vista approves an increase in the fair market land value of land to $16
per square foot for the purpose of establishing the in lieu parking fee
pursuant to City Ordinance lg.62.040.
BE IT FURTHER RESOLVED that the City Council is requested to
authorize staff to review fair market value within the parking district on a
yea~y basis and to adjust this figure accordingly for the purpose of
computing the in-lieu parking fee.
Presented b~ Approved as to form by
Paul G. Desrochers ~homas d.~ar~bn, gency ounsel
Community Development Director
WPC 1930H
ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
CHULA VISTA, CALIFORNIA, this 10th day of December
19 85 , by the following vote, to-wit:
AYES: C0unci]members Scott, McCandliss, Cox, Malcolm, Moore
NAYES: Councilmembers None
ABSTAIN: C0uncilmembers None
ABSENT: Counci] members None
May0~ of~the City of Chula Vista
ATTES~ '
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
SITY OF CHULA VISTA )
I, JENNIE M. FULASZ, CMC, CITY CLERK of the City of Chulo Vista, Californio,
]O HEREBY CERTIFY that the above ond foregoing is 0 full, true ond correct copy of
RESOLUT[0N NO. 12282 ,ond thor the some hos not been omended or repealed.
>ATED
(seal) City Clerk
C-660