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HomeMy WebLinkAboutReso 2023-030 DocuSign Envelope ID:C4FA561D-C05F-472F-A88C-3C8762194591 RESOLUTION NO. 2023-030 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA ACCEPTING GRANTS FROM THE CALIFORNIA STATE LIBRARY TARGETED STATE GRANT PROGRAM FOR THE CINEMATIC ARTS ACADEMIC CENTER AND LIBRARY'S LAND AND CONSTRUCTION COSTS, AND AUTHORIZE THE CITY MANAGER OR DESIGNEE TO NEGOTIATE AND EXECUTE AGREEMENTS WHEREAS, on December 6, 2022, the City Council of the City of Chula Vista ("City Council") voted to approve the Purchase and Sale Agreement ("PSA"), Project Development Agreement ("PDA") and appropriation of $96.4 million for the development of the City's Cinematic Arts Academic Center and Library Project ("Project"), project number GGV026; and WHEREAS, the Project will satisfy the need for a new library in Millenia, expand the footprint of the University-Innovation District and serve as an incubator for both the University and Millenia Office; and WHEREAS, the Project won the support of the State, and in the May 2022 revised State Budget, Senator Atkins secured $5 million for land acquisition and entitlement costs for this project via AB 179 (SEC 207. Section 19.56, Chapter 249, Statutes of 2022); and WHEREAS, in the August 2022 revised budget, Assemblymember Alvarez submitted budget trailer bill language to allocate $25 million in State funding to the City of Chula Vista to construct the project via AB 179 (SEC 207. Section 19.56, Chapter 249, Statutes of 2022); and WHEREAS,the $30 million in total State funds are being provided to the City through the California State Library Targeted State Grant Program and staff submitted two grant applications for review by the State Library Department in December 2022; and WHEREAS, in December 2022, the City received a notice of intent to award the grant funds contingent upon the California State Library receiving the funds; and WHEREAS, the grant agreements cannot be entered into until the California State Library is in receipt of the necessary funds and has communicated to staff that it is anticipated funds will be received by the end of February 2023; and WHEREAS, identified as a preclosing condition within Section 5.1.4 of the executed PSA, by March 1, 2023, the City ("Buyer") should have entered into the contracts with the State of California for the $30,000,000.00 in funding to be used for the land acquisition and vertical development of the project; and WHEREAS, Buyer has the right to waive the requirement to enter into the State grant funding agreements by March 1, 2023, pursuant to Section 5.2 of the executed PSA and due to timing constrains,Buyer has elected to exercise that right and timely notified seller of the waiver; and DocuSign Envelope ID:C4FA561D-C05F-472F-A88C-3C8762194591 Resolution No. 2023-030 Page No. 2 WHEREAS, although the funds are not yet available, the draft agreements are, and the City's comments on the draft agreements and a Notice of Unrecorded Grant Agreement have been provided to the State and their counsel for review; and WHEREAS, in order to move forward expeditiously, staff is seeking authority for the City Manager or designee to negotiate and execute the agreements and Notice, so that the City may receive the funds as soon as possible; and WHEREAS, Resolution 2022-275 approved by the City Council on December 6, 2022, appropriated the$66.4 million in City funding as well as the$30 million in State funding necessary for the Project. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista that it accepts grants from the California State Library Targeted State Grant Program for the Cinematic Arts Academic Center and Library's land and construction costs; and BE IT FURTHER RESOLVED by the City Council of the City of Chula Vista, that it authorizes the City Manager or designee to negotiate and execute the Agreements and Notice, as well as any other documents required or deemed necessary to secure the Project funds from the State, in a final form subject to the review and approval of the City Attorney. [SIGNATURES ON THE FOLLOWING PAGE] DocuSign Envelope ID:C4FA561D-C05F-472F-A88C-3C8762194591 Resolution No 2023-030 Page No 3 Presented by Approved as to form DocuSigned by: DocuSigned by: VtG r,V6&df S*a v.5. -Ma 2FC559998BD74C4... By: FFR949DC)9R5747F Eric C. Crockett Jill D.S. Maland Deputy City Manager/Director of Economic Lounsbery Ferguson Altona&Peak Development Acting City Attorney PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 7th day of March 2023 by the following vote: AYES: Councilmembers: Cardenas, Chavez, Gonzalez,Preciado, and McCann NAYS: Councilmembers: None ABSENT: Councilmembers: None DocuSigned by: 7804EC23B90B473_. John McCann, Mayor ATTEST: DocuSigned by: c 3074D104EAF342E... 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. 2023-030 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 March 2023. Executed this 7th day of March 2023. DocuSigned by: E1- 3074D104EAF342E... Kerry K. Bigelow, MMC, City Clerk