HomeMy WebLinkAboutReso 2004-345
RESOLUTION NO. 2004-345
(AGENCY RESOLUTION NO. 1896)
JOINT RESOLUTION OF THE CITY COUNCIL AND THE
REDEVELOPMENT AGENCY OF THE CITY OF CHULA
VISTA APPROPRIATING $575,000 AS A LOAN FROM THE
GENERAL FUND TO BA YFRONT/TOWN CENTRE I
REDEVELOPMENT AGENCY TO REIMBURSE THE PORT
DISTRICT FOR THE COSTS ASSOCIATED WITH
CANCELLATION OF THE PROPERTY TRANSACTION FOR
THE 2.73-ACRE PARCEL OF LAND AT 980 LAGOON DRIVE
WHEREAS, the City Council and Redevelopment Agency approved Council Resolution
18690 and Agency Resolution 1543, approving an agreement for purchase and sale between the
City of Chula Vista and the San Diego Unified Port District for the sale of the 2.73-acre parcel at
980 Lagoon Drive for a purchase price of $981 ,000; and
WHEREAS, the Port has advanced funds to the Redevelopment Agency in the amount of
$500,000 earnest money through escrow, which were then used by the Agency to repay an
outstanding general fund loan; and
WHEREAS, the Port and City have since entered into a joint planning agreement for
master planning the Chula Vista Bayfront, which includes the subject property; and
WHEREAS, all local coastal plan amendments, including any rezoning of the subject
property, would be pursued only after completion of the master plan; and
WHEREAS, the intent of the original purchase agreement has changed since entering
into the purchase agreement; and
WHEREAS, cancellation of the purchase agreement and retention of the parcel at 980
Lagoon Drive provides the City with greater land use flexibility and possibilities for siting land
uses not consistent with the Port's Trust Doctrine, which may arise as part of the master planning
process.
NOW, THEREFORE, BE IT RESOLVED that the City Council and the Redevelopment
Agency of the City of Chula Vista do hereby appropriate $575,000 as a loan from the general
fund to Bayfront/Town Centre I Redevelopment Agency to reimburse the Port District for costs
associated with cancellation of the property transaction for 980 Lagoon Drive upon the Port's
formal termination of the purchase agreement.
Presented by
Approved as to form by
CA YJ1~
Ann Moore
City Attorney/Agency Counsel
Resolution 2004-345
Page 2
PASSED, APPROVED, and ADOPTED by the City Council and the Redevelopment
Agency of the City of Chula Vista, California, this 26th day of October, 2004, by the following
vote:
AYES: Agency/Councilmembers:
Davis, McCann, Rindone, and Padilla
NAYS: Agency/Councilmembers:
None
ABSENT: Agency/Councilmembers:
None
ABSTAIN: Agency/Councilmembers:
Salas
.'jl'~liI@1l ¿
ATTEST:
- - .::if I A . ~~ ,a.---
Susan Bigelow, MMC, City Cle
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk ofChula Vista, California, do hereby certify that the foregoing City
Council Resolution No. 2004-345/Redevelopment Agency Resolution No. 1896 was duly
passed, approved, and adopted by the City Council and Redevelopment Agency at a regular
meeting held on the 26th day of October, 2004.
Executed this 26th day of October, 2004.
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Susan Bigelow, MMC, City Clerk