HomeMy WebLinkAboutReso 2004-122
COUNCIL RESOLUTION NO. 2004-122
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING A QUITCLAIM OF PROPERTY
AT 760 BROADWAY TO THE REDEVELOPMENT AGENCY
FOR SALE TO CHBD CHULA VISTA, LLC
WHEREAS, on June 10, 2003, the City Council and Redevelopment Agency held all
required hearing and approved a Disposition and Development Agreement ("DDA") that
provided for the sale of Agency owned property at 760 Broadway ("Property"), and the
development of mixed used project comprised of 40 "lane homes", 9 apartments, and
approximately 10,000 square feet of retail space ("Project"); and
WHEREAS, Agency staff and the Developer have been working to complete the
entitlement process and to satisfy the various conditions to close of escrow; and
WHEREAS, the quitclaim of a portion of the Property from the City to the Agency is
necessary to place the property back in the Agency's rightful ownership in preparation for the
Agency to approve transfer of all the Property to the Developer; and
WHEREAS, the City took title to one half of the Property in 1998 when the City
foreclosed on that parcel following the Citron's default under the Broadway Village Business
Homes DDA.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula
Vista, that it hereby approves the quitclaim of property at 760 Broadway to the Redevelopment
Agency for sale to CHBD Chula Vista, LLC.
Presented by
Approved as to form by
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Ann Moore
City Attorney
Resolution 2004-122
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City ofChula Vista,
California, this 20th day of April, 2004, by the following vote:
AYES: Councilmembers:
NAYS: Councilmembers:
ABSENT: Councilmembers:
Davis, McCann, Rindone, Salas and Padilla
None
None
ATTEST:
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Susan Bigelow, CMC, City lerk
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. 2004-122 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 20th day of April, 2004.
Executed this 20th day of April, 2004.
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Susan Bigelow, CMC, City C rk