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HomeMy WebLinkAboutReso 2024-051 RESOLUTION NO. 2024-051 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROPRIATING FUNDS FOR DEVELOPMENT OF A UNIVERSITY-INNOVATION DISTRICT PHASE ONE FEASIBILITY STUDY WHEREAS, since 1993, through the adoption of the Otay Ranch General Development Plan, the City of Chula Vista has pursueda vision of locating a university within eastern Chula Vista; and WHEREAS, from 2001 through 2014, through a combination of Land Offer Agreements, land exchanges,and agreements with developers, the City acquired 383 acres of land subject to restrictive covenants for University-Innovation District (UID) purposes; and WHEREAS,in 2018, the City certified theFinal Environmental Impact Report (FEIR-14- 001/SCH 2014121097) and adopted the University-Innovation District Sectional Planning Area Plan (SPA) approving the entitlements for a UID; and WHEREAS, additionally, over the years, the City has engaged in a number of studies to determine the type of university(ies) that would best fit the university site from a land use and economic development perspective; and WHEREAS, tUIDplanning efforts, the City intends to procure professional services to assist in visioning a first phase of UID development, encompassing approximately 20 acres;and WHEREAS, the City desires to appropriate $200,000 in American Rescue Plan Act interest earnings for this effort, as allowed under the Coronavirus State and Local Fiscal Recovery Funds Final Rule (31 CFR Part 35), which are not subject to the requirement of the Cash Management pertains to interest earnings being remitted back to the U.S. Department of Treasury. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista that itappropriates$200,000for the University-Innovation District Phase One Feasibility Study. FUND !20! #!4%'/29 /4(%2 #!0)4!, 4/4!, %80%.3% Bnfsjdbo!Sftdvf!Qmbo!Bdu!3132!!FD1!BSQB!3132!Benjo!%!!!!!!!!!!!!!!!311-111!!%!!!!!!!!!!!!!!!!!!!!311-111! 4/4!, /4(%2 &5.$3 ͡ 200,000 ͡ 200,000 Resolution No. 2024-051 Page No.2 Presented byApproved as to form by Maria V. KachadoorianJill D.S. Maland City ManagerLounsbery Ferguson Altona & Peak Acting City Attorney PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 26th day of March 2024 by the following vote: AYES:Councilmembers: 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. 2024-051 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 26th day of March 2024. Executed this 26th day of March 2024. Kerry K. Bigelow, MMC, City Clerk