HomeMy WebLinkAboutReso 2023-170
RESOLUTION NO. 2023-170
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA DISCONTINUING PARTICIPATION IN THE
BOND OPPORTUNITIES FOR LAND DEVELOPMENT
BOLD PROGRAM, TERMINATING AUTHORITY OF
CALIFORNIA MUNICIPAL FINANCE AUTHORITY TO
ACCEPT APPLICATIONS FROM PROPERTY OWNERS FOR
PARTICIPATION IN THE BOLD PROGRAM WITHIN THE
CITY OF CHULA VISTA, RESCINDING RESOLUTION NO.
2021-148 OF THE CITY OF CHULA VISTA AUTHORIZING
USE OF THE BOLD PROGRAM, AND TAKING OTHER
ACTIONS RELATING THERETO
of powers entity created pursuant to Articles 1, 2, 3, and 4 of Chapter 5 of Division 7 of Title 1 of
the California Government Code, the members of which include numerous cities, counties, and
other local agencies in the State; and
WHEREAS, the CMFA has established the Bond Opportunities for Land Development
ncing of certain public facilities and/or certain
development impact fees that finance public facilities levied by local agencies in the State through
the levy of special taxes pursuant to the terms and provisions of the Mello-Roos Community
Facilities Act of 1982, as amended; and
WHEREAS, the City Council previously adopted Resolution No. 2021-148 on August 10,
2021, authorizing use of the BOLD Program ), and further
authorizing CMFA to accept applications from property owners related thereto; and
WHEREAS, pursuant to Resolution No. 2021-148, CMFA was authorized to accept
applications from property owners interested in participating in the BOLD Program, but the City
Council held the ultimate determination as to whether to authorize use of the BOLD Program for
any specific developer; and
WHEREAS, the City Council has determined that it is
discontinue participation in the BOLD Program, and to notify both property owners and CMFA
that it has decided to terminate any authority granted to CMFA to accept applications from
property owners within Chula Vista seeking to participate in the BOLD Program.
NOW, THEREFORE, BE IT RESOLVED by the City Council that participation in the
BOLD Program by the City and property owners therein is hereby terminated.
BE IT FURTHER RESOLVED by the City Council that the above recitals are true and correct.
Resolution No. 2023-170
Page No. 2
BE IT FURTHER RESOLVED by the City Council that authority granted to CMFA to
accept applications from property owners seeking to participate in the BOLD Program for
financing fees and/or improvements relating to property within the City of Chula Vista is hereby
terminated.
BE IT FURTHER RESOLVED by the City Council that Resolution No. 2021-148 is
hereby rescinded, effective immediately.
BE IT FURTHER RESOLVED by the City Council that the actions taken pursuant to this
Resolution shall not impact or affect any project or application for participation in the BOLD
Program that the City Council has previously approved.
BE IT FURTHER RESOLVED by the City Council that this Resolution shall become
effective upon its adoption.
\[SIGNATURES ON THE FOLLOWING PAGE\]
Resolution No. 2023-170
Page No. 3
Presented by Approved as to form by
Laura C. Black, AICP Jill D.S. Maland
Director of Development Services Lounsbery Ferguson Altona & Peak
Acting City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 24th day of October 2023 by the following vote:
AYES: Councilmembers: Cardenas, Chavez, Gonzalez, Preciado, and McCann
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
John McCann, 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. 2023-170 was duly passed, approved, and adopted by the City Council at a regular
meeting of the Chula Vista City Council held on the 24th day of October 2023.
Executed this 24th day of October 2023.
Kerry K. Bigelow, MMC, City Clerk