HomeMy WebLinkAboutReso 2024-242RESOLUTION NO. 2024-242
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING AN AGREEMENT WITH
KEYSER MARSTON ASSOCIATES, INC. TO PROVIDE
EVALUATION AND TRANSACTION STRUCTURING
SERVICES TO ASSIST IN EVALUATING THE BAYVIEW
POINT, LLC PROJECT AT 707 F STREET AND 750 E STREET
WHEREAS, on December 18, 2018, the City of Chula Vista formalized a partnership with
the San Diego Metropolitan Transit System (MTS) to seek partners that would develop a high
density, mixed use, transit-oriented development on the City-owned 707 F Street and MTS-owned
750 E Street properties (Project); and
WHEREAS, on April 18, 2019, the City released a Joint Request for
Qualifications/Request for Proposals (RFQ/RFP) solicitation to identify the most qualified
development teams that would develop a high-quality Project with seamless planning and design
across the nearly ten (10) acres; and
WHEREAS, on October 18, 2022, the City Council approved a three-party Exclusive
Negotiation Agreement with MTS and Bayview Point, LLC such that the three parties could work
together to refine the proposal, evaluate the project financials, and negotiate the terms of
subsequent transactions; and
WHEREAS, the City solicited qualifications in accordance with the City of Chula Vista
Municipal Code Section 2.26.090 for Economic, Market, and Financial Consulting Services,
received eight (8) proposals, and City and MTS selected Consultant as the most qualified among
those submitting to perform Economic, Market, and Financial Consulting Services to solicit and
evaluate development qualifications and proposals for City-owned 707 F Street and 750 E Street
in Chula Vista; and
WHEREAS, on December 18, 2018, the City Council approved a professional services
agreement with Consultant to provide economic, financial, and market consulting services to assist
the City and MTS in evaluating financial components of the Project; and
WHEREAS, the existing agreement with Consultant concludes December 31, 2024; and
WHEREAS, in order to procure these services, Consultant was chosen based on its unique
qualifications, including its familiarity and previous work on the Project; on this basis, the City
desires to award Consultant a contract in accordance with Chula Vista Municipal Code section
2.56.110.H.2 because competitive bidding is impractical or impossible and the City’s interest is
materially better served by applying a different purchasing procedure.
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Resolution No. 2024-242
Page No. 2
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista
that it waives the competitive bidding requirement pursuant to Chula Vista Municipal Code
sections 2.56.110.H.2 and 2.56.070.B4, sole source.
BE IT FURTHER RESOLVED by the City Council of the City of Chula Vista, that it
approves the agreement with Keyser Marston Associates, Inc., to provide evaluation and
evaluation and transaction structuring services to assist City staff in evaluating the Bayview Point,
LLC project at 707 F Street and 750 E Street, in the form presented, with such minor modifications
as may be required or approved by the City Attorney, a copy of which shall be kept on file in the
Office of the City Clerk.
[SIGNATURES ON THE FOLLOWING PAGE]
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Resolution No. 2024-242
Page No. 3
Presented by Approved as to Form by
Tiffany Allen Marco A. Verdugo
Assistant City Manager City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 17th day of December 2024 by the following vote:
AYES: Councilmembers: Chavez, Fernandez, Inzunza, 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. 2024-242 was duly passed, approved, and adopted by the City Council at a regular
meeting of the Chula Vista City Council held on the 17th day of December 2024.
Executed this 17th day of December 2024.
Kerry K. Bigelow, MMC, City Clerk
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