HomeMy WebLinkAboutRDA Reso 2001-1727
RESOLUTION NO. 1727
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY
OF CHULA VISTA APPROVING OWNERfTENANT
PARTICIPATION AGREEMENT WITH FOSTER INVESTMENT
CORPORATION AND BUDGET RENT A CAR SYSTEMS, INC. FOR
THE DEVELOPMENT OF A TRUCK RENTAL AGENCY AT 690 L
STREET LOCATED WITHIN THE SOUTHWEST
REDEVELOPMENT AREA
WHEREAS, Foster Investment Corporation is the owner of the property located at 690 L
Street, which is the subject matter of this resolution and which is depicted in Locator Map attached
and by this reference made a part hereof; and,
WHEREAS, Budget Rent A Car Systems, Inc. has entered into an agreement with Foster
Investment Corporation to lease said property and develop a truck sales and rental agency; and,
WHEREAS, Budget Rent A Car Systems has presented development plans for the
development of the truck sales and rental agency ("Project"); and
WHEREAS, the site for the proposed Project is located within tt)e Southwest Redevelopment
, ",
Project Area under the jurisdiction and control of the Chula Vista R9develoþment A'ge'Acy; and,
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WHEREAS, the environmental Review Coordinator reviewed tfie proposed Project and
determined that the project is exempt from environmental review as a Class 3c exemption in
accordance with CEQA; and,
WHEREAS, the Design Review Committee reviewed and recommended that the
Redevelopment Agency approve the proposed Project subject to the conditions listed in Exhibit B of
the OwnerfTenant Participation Agreement; and,
WHEREAS, THE Redevelopment Agency of the City of Chula Vista has been presented on
OwnerfTenant Participation Agreement, said agreement being on file in the Office of the Secretary to
the Redevelopment Agency approving the development of a truck sales and rental agency located at
690 L Street, depicted in Exhibit C and subject to conditions listed in Exhibits A and B of said
agreement.
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
does hereby find, order, determine and resolve as follows:
1. The proposed project is categorically exempt from environmental review as a
Class 3c exemption in accordance with CEQA.
2. The proposed project is consistent with the Southwest Redevelopment Plan and
shall implement the purpose thereof by providing a new building, parking lot, and
landscaped areas and by putting a vacant parcel to a higher and better use.
3. The Redevelopment Agency of the City of Chula Vista hereby approves the
OwnerfTenant Participation Agreement with Foster Investment Corporation and
Budget Rent A Car Systems for the development of a truck rental agency at 690 L
Street, in substantially the form presented.
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Resolution No. 1727
Page 2
4. The Chairman of the redevelopment agency is hereby authorized to execute the
subject OwnerfTenant Participation Agreement between the Redevelopment
Agency and Foster Investment Corporation and Budget Rent A Car Systems in a
final form approved by the Agency Attorney.
5. The secretary of the Redevelopment Agency is authorized and directed to record
said OwnerfT enant Participation Agreement in the Office of the County Recorder
of San Diego, California.
PRESENTED BY APPROVED AS TO FORM BY
{VJ.., ~~
Chris Salomone
Director of Community Development
Resolution No. 1727
Page 3
PASSED, APPROVED and ADOPTED BY THE REDEVELOPMENT AGENCY OF THE CITY OF
CHULA VISTA, CALIFORNIA this 15th day of May, 2001 by the following vote:
AYES:
Members Davis, Rindone, Salas, and Chair/Mayor Horton
NOES:
None
ABSENT:
Member Padilla
ABSTENTIONS:
None
~(~
Shirley Hort
Chairman
ATTEST:
-~~
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,
Califomia DO HEREBY CERTIFY that the foregoing is a full, true and correct copy of Resolution No.
1727 and that the same has not been amended or repealed.
Dated: May 16, 2001
rL ç~
Chris Salomone
Executive Secretary
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