HomeMy WebLinkAboutRDA Reso 2002-1776
RESOLUTION NO. 1776
(COUNCIL RESOLUTION NO. 2002-130)
JOINT RESOLUTION OF THE CITY COUNCIL AND THE
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
AUTHORIZING THE USE OF CHULA VISTA/PORT MOU FUNDS IN
THE AMOUNT OF $1,570,000 FOR SAN DIEGO UNIFIED PORT
DISTRICT ACQUISITION OF A 1.81 ACRE PARCEL LOCATED AT BAY
BOULEVARD AND "J" STREET
WHEREAS, the San Diego Unified Port District (Port) desires to purchase the
approximately 1.81 acres of vacant land located at the northeast corner of Bay Boulevard
and "J" Street in the City of Chula Vista from Foster Investment Corporation for $1,540,000
plus approximately $30,000 in associated closing costs by using City/Port Memorandum of
Understanding (MOU) funds; and
WHEREAS, the property is adjacent to tidelands and is strategically located between
the "J" Street exit from Interstate 5 and the District's proposed 200-acre Chula Vista Bayside
Development Project; and
WHEREAS, it is anticipated that when development of the Chula Vista Bayside
Project commences, the parcel's value will increase dramatically; and
WHEREAS, the site could become the location for a high-quality signature project
that would increase the value of the Port's adjacent 200 acres or, if required, could be used
to enhance freeway access to the Bayside Development; and
WHEREAS, Port staff recently received Board approval on an updated Capital
Development Program (CDP) having approximately $17 million in Chula Vista projects that
included acquisition of the subject parcel;
NOW, THEREFORE, BE IT RESOLVED the Redevelopment Agency of the City of
Chula Vista does hereby authorize the use of up to $1,570,000 Chula Vista/Port MOU funds
for Port acquisition ofthe 1.81-acre parcel.
Presented by
Approved as to form by
C"~~'"' ~ -
Director of Community Development
Resolution No. 1776
Page 2
PASSED, APPROVED and ADOPTED BY THE REDEVELOPMENT AGENCY OF THE CITY OF
CHULA VISTA, CALIFORNIA this 23ro day of April, 2002 by the following vote:
AYES:
Members Padilla, Rindone, Salas, and Chair/Mayor Horton
NOES:
ABSENT:
None
Member Davis
ABSTENTIONS:
None
&hJ?zffi¡
Shirley Horton J
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,
California DO HEREBY CERTIFY that the foregoing is a full, true and correct copy of Resolution No.
1776 and that the same has not been amended or repealed.
Dated: April 24, 2002
~~
Chris Salomone
Executive Secreta ry