HomeMy WebLinkAboutReso 2003-427RESOLUTION NO. 2003-427
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROPRIATING $60,000 FROM THE
AVAILABLE BALANCE OF THE PARK ACQUISITION AND
DEVELOPMENT (PAD) FEE FUND FOR THE ACQUISITION
OF REAL ESTATE APPRAISAL SERVICES FOR
UNDEVELOPED PROPERTY IN OTAY RANCH RELATED
TO A PROSPECTIVE UPDATE OF THE PAD FEE
WHEREAS, Park Acquisition and Development (PAD) fees were adopted by the City
Council as set forth in Chapter 17.10 of the Municipal Code; and
WHEREAS, Section 17.10.110 of the Municipal Code provides that costs and the
specified formula for the payment of fees is subject to periodic review and amendment by the
City Council due to changed conditions; and
WHEREAS, the PAD fee is charged to new development at the time that a final map is
approved and funds both the acquisition of parkland and the development of that land into parks;
and
WHEREAS, the acquisition component of the fee appears to be in need of updating based
on the rapidly increasing value of land not only in Otay Ranch but also throughout the City; and
WHEREAS, in order for the City to have sufficient funding to acquire the necessary
parkland acreage, the acquisition component of the fee must keep pace with the real estate
market as it relates to the value of undeveloped land; and
WHEREAS, the City has undertaken a number of appraisals in the recent past and needs
to have a larger appraisal done of all undeveloped property in Otay Ranch; and
WHEREAS, contracts for appraiser's services will be prepared and presented for
approval in the future pursuant to Municipal Code requirements.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista does hereby approve the appropriation of $60,000 from the available balance of the PAD
Fee Fund for the acquisition of real estate appraisal services for undeveloped property in Otay
Ranch.
Presented by
Approved as to form by
Ann Moore
City Attorney
Resolution 2003-427
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 7th day of October, 2003, by the following vote:
AYES:
Councilmembers:
Davis, McCann, Rindone, Salas and Padilla
NAYS:
Councilmembers: None
ABSENT:
ATFEST:
Councilmembers:
None
//<Stfp[~e~. Padflla, Mayor
Susan Bigelow, CMC, City CYerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2003-427 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 7th day of October, 2003.
Executed this 7th day of October, 2003.
Susan Bigelow, CMC, City Clerk