HomeMy WebLinkAboutRDA Reso 2001-1743
RESOLUTION NO. 1743
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY
OF CHULA VISTA APPROPRIATING $54,473 FROM THE
UNAPPROPRIATED BALANCE IN THE LOW AND MODERATE
INCOME HOUSING FUND FOR PAYMENT TO THE OTAY WATER
DISTRICT FOR WATER CAPACITY FEES FOR THE VETERANS
HOME FACILITY
WHEREAS, on June 22, 1999 the Redevelopment Agency adopted
resolution 1632 approving a deferral agreement between the City of Chula Vista and
the Otay Water District for payment of developer impact fees for the Veterans Home
facility; and
,
WHEREAS, the terms of the deferral agreement state that [1] the Otay Water
District ("District") agrees to defer payment from the City of $264,000 currently owed
to the District; [2] City agrees to pay the $264,000 water capacity fee over a period of
ten years with the first installment of $26,400 due upon execution of the deferral
agreement. Payments two through ten will be based upon the first installment
payment of $26,400 times one (1) plus the percentage increase in the Engineering
News Record (ENR) Construction Costs Index; and [3] the City shall have the right to
payoff the balance owed at any time; and
WHEREAS, the third installment payment needs to be appropriated and paid
to the Otay Water District in the amount of $27,073 and the fourth installment
payment needs to be appropriated into the fiscal year 2001-02 Housing Division
budget.
NOW, THEREFORE, BE IT RESOLVED the Redevelopment Agency of the
City of Chula Vista does hereby appropriate $54,473 from the unappropriated
balance in the Low and Moderate Income Housing Fund for payment to the Otay
Water District for water capacity fees for the Veterans Home facility.
PRESENTED BY
APPROVED AS TO FORM BY
~~
Chris Salomone
Director of Community Development
.---.,..--------..-.. --,,-,--._.
____.___._...___..__~__.___,________._...____._.__._.,_____·__'n_'__", _.._._.,....____..___.__..
Resolution No. 1743
Page 2
PASSED, APPROVED and ADOPTED BY THE REDEVELOPMENT AGENCY OF THE CITY OF
CHULA VISTA, CALIFORNIA this 7th day of August, 2001 by the following vote:
AYES:
Members Davis, Padilla, Rindone, Salas, and Chair/Mayor Horton
NOES:
None
ABSENT:
None
ABSTENTIONS:
None
~~.ÆttZ~
Shirley Ho on
Chairman
ATTEST:
~~.
Chris Salomone
Executive Secreta ry
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.
1743 and that the same has not been amended or repealed.
Dated: August 8, 2001
~~
Chris Salomone
Executive Secretary