HomeMy WebLinkAboutRDA Reso 2001-1728
RESOLUTION NO. 1728
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY
OF CHULA VISTA APPROVING AN EXCLUSIVE NEGOTIATING
AGREEMENT WITH BITTERLlN DEVELOPMENT CORP. AND
CARTER REESE AND ASSOCIATES FOR THE DISPOSITION AND
DEVELOPMENT OF AGENCY-OWNED PROPERTY AT 760
BROADWAY LOCATED WITHIN THE SOUTHWEST
REDEVELOPMENT PROJECT AREA
WHEREAS, Broadway Chula Vista Investors proposes to develop the site with a mixed-use
project which consists of 116 market rate residential units and 9,000 square feet of commercial
space; and
WHEREAS, Broadway Chula Vista Investors wishes to enter into a six-month Excl~sive
Negotiating Agreement for the disposition and development of the property at 760 Broadway; and
WHEREAS, said property is under the ownership of the Redevelopment Agency; and
WHEREAS, the Agency is willing to enter into an Exclusive Negotiating Agreement, because
the proposed project is of a high quality, has the potential to remove blighting conditions, will put a
vacant site to a higher and better use, and will provide benefits for the community.
NOW, THEREFORE, BE IT RESOLVED that the Redevelopment Agency of the City of
Chula Vista does hereby approve the Six-month Exclusive Negotiating Agreement with Broadway
Chula Vista Investors in the form presented and authorizes the 'Chair to exeouĊ the same.
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PRESENTED BY
APPROVED AS TO FORM BY
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Chris Salomone
Director of Community Development
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Resolution No. 1728
Page 2
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
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Chairman v
ATTEST:
~~
Chris Salomone
Executive Secretary
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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.
1728 and that the same has not been amended or repealed.
Dated: May 16, 2001
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Chris Salomone
Executive Secreta ry