HomeMy WebLinkAboutRDA Reso 2001-1716
RESOLUTION NO. 1716
(Council Resolution No. 2001-057)
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA AND THE CHULA VISTA REDEVELOPMENT AGENCY
AUTHORIZING THE APPPROPRIATION AND PAYMENT OF
$545,000 TO THE SWEE1WATER UNION HIGH SCHOOL
DISTRICT FROM THE REDEVELOPMENT AGENCY LOW AND
MODERATE INCOME HOUSING FUND PURSUANT TO THE
TERMS AND CONDITIONS OF THE PROPERTY EXCHANGE
AGREEMENT APPROVED IN SEPTEMBER 1995, BE1WEEN THE
CITY OF CHULA VISTA, CHULA VISTA REDEVELOPMENT
AGENCY AND THE SWEE1WATER UNION HIGH SCHOOL
DISTRICT WHICH PROVIDED THE LAND NECESSARY TO
DEVELOP THE CHULA VISTA VETERANS HOME
WHEREAS, in September 1995, the City of Chula Vista and its' Redevelopment
Agency ("City/Agency") approved a Property Exchange Agreement ("Agreemenf') with the
Sweetwater Union High School District ("District") that provided the land necessary for the Chula
Vista Veterans Home; and
WHEREAS, the differential in appraised values for the properties exchanged
between the City/Agency and the District was $545,000 in favor of the District; and
WHEREAS, pursuant to the terms and conditions of the Agreement, the City/Agency,
in cooperation with the District, was responsible for providing additional property (up to the
$545,000 value) for a new District Corporation Yard or, if the property was not obtained within
three (3) years of the effective date of the Agreement, the District could request full payment in
cash; and
WHEREAS, the District, in a letter dated February 1, 2001 to the City Manager,
formally requested payment in full for this outstanding debt; and
WHEREAS, staff recommends authorizing the repayment of $545,000 from the
unappropriated fund balance of the Low and Moderate Income Housing Fund; and
WHEREAS, the expenditure of Low/Moderate Fund monies for the Veterans Home
Project has been found consistent with Redevelopment Law because the Veterans Home houses
low and moderate income veterans and benefits the project areas.
NOW, THEREFORE, BE IT RESOLVED that the City Council/Redevelopment
Agency of the City of Chula Vista authorizes the appropriation and payment of $545,000 to the
Sweetwater Union High School District pursuant to the terms and conditions of the Property
Exchange Agreement approved in September 1995 between the City of Chula Vista, Chula Vista
Redevelopment Agency and the Sweetwater Union High School District which provided the land
necessary to develop the Chula Vista Veterans Home.
BE IT FURTHER RESOLVED that the amount of $545,000 is hereby appropriated
from the unappropriated fund balance of the Low and Moderate Income Housing Fund to the
Sweetwater Union High School District.
Resolution No. 1716
Council Resolution No. (2001-057)
Page 2
BE IT FURTHER RESOLVED that the expenditure of Low and Moderate Income
Housing Fund monies for the development of the Veterans Home project is hereby found and
determined, pursuant to Health and Safety Code Section 33334.2(g), to be of benefit to the
Agency project areas by housing low and moderate income veterans; and that, to the extent
possible, use restrictions on the project have been imposed to ensure the continued affordability of
the project to low and moderate ncome residents.
pœoo¡c: ~
Chris Salomone
Community Development Director
Approved as to form by
Resolution No. 1716
(Council Resolution No. 2001-057)
Page 3
PASSED, APPROVED and ADOPTED BY THE REDEVELOPMENT AGENCY OF THE CITY OF
CHULA VISTA, CALIFORNIA this 6th day of March, 2001 by the following vote:
AYES:
Members Davis, Padilla, Rindone, Salas, and Chair/Mayor Horton
NOES:
None
ABSENT:
None
ABSTENTIONS:
None
ÆA~~~i
Shirley Ho
Chairman
ATTEST:
(0L~
Chris Salomone
Executive Secretary
STATE OF CALIFORNIA)
COUNTY OF SAN DIEGO) ss:
CITY OF CHULA VISTA)
I, Chris Salomone, Executive Secretary to the Redevelopment Agency of the City of Chula Vista,
California DO HEREBY CERTIFY that the foregoing is a full, true and correct copy of Resolution No.
1716 and that the same has not been amended or repealed.
Dated: March 7, 2001
Chris~e ~.
Executive Secretary