HomeMy WebLinkAboutRDA Reso 2002-1794
RESOLUTION NO. 1794
JOINT RESOLUTION OF THE REDEVELOPMENT AGENCY
OF THE CITY OF CHULA VISTA AND THE CITY OF CHULA
VISTA APPROVING AN EXCLUSIVE NEGOTIATING
AGREEMENT WITH BARONE-GALASSO AND
ASSOCIATES AND THE OLSON COMPANY FOR
DEVELOPMENT OF THE "E" STREET TRANSIT-
ORIENTED-DEVELOPMENT (TOD) PROJECT PROPOSAL
LOCATED AT AND ADJACENT TO 707 "F" STREET (OLD
CITY CORPORATION YARD SITE), DEEMING WAIVED
CERTAIN OWNER PARTICIPATION RIGHTS AND
DIRECTLY STAFF AND DEVELOPER TO WORK WITH
DESIGNATED PROSPECTIVE OWNER-PARTICIPANTS
WHEREAS, representatives of Barone-Galasso & Associates and The Olson
Company ("Developer") are proposing to develop the "E" Street Transit-Oriented-
Development with a high quality mixed use project comprised of for-sale and rental
residential units, neighborhood and visitor commercial spaces, a hotel, restaurants, a day
care center and a City Visitor Center; and
WHEREAS, the proposed project area is comprised of approximately 13.45
developable acres with 8 parcels, including 1 parcel owned by the City, 5 parcels owned by
private parties, and 2 parcels owned by the Metropolitan Transportation Development Board
(not a part of this ENA) within the City of Chula Vista adjacent to the "E" Street-Bayfront
Trolley Station; and
WHEREAS, the Developer has requested an Exclusive Negotiating Agreement
(ENA) with the Agency for one year, with an option for a six-month extension, in order to
develop plans, pursue entitlements, secure financing, and negotiate a Disposition and
Development Agreement (DDA) on the terms set forth therein; and
WHEREAS, the Agency is willing to enter into an ENA due to the high quality of the
proposal and its potential to eliminate blighting conditions in the Town Centre "
Redevelopment Project Area by serving as a catalyst for quality development and
revitalization at a key City entryway; and
WHEREAS, the approval of the ENA is exempt from CEQA under CEQA Guidelines
Section 15061(b)(3); and
WHEREAS, the ENA, in compliance with State Law, provides for the extension of
owner participation rights to all property owners and tenants which are party to the ENA.
WHEREAS, the Agency has extended owner participation rights as required by law,
with certain property owners responding, and others not.
NOW, THEREFORE, BE IT RESOLVED the Redevelopment Agency of the City of
Chula Vista does hereby approve the Exclusive Negotiating Agreement subject to owner
participation rights with Barone-Galasso and Associates and The Olson Company for
development of the "E" Street Transit-Oriented-Development (TOD) proposal located at and
adjacent to 707 "F" Street (Old City Corporation Yard Site).
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Resolution No. 1794
Page 2
BE IT FURTHER RESOLVED that the Agency finds and determines that owner
participation rights have been extended to prospective owner-participants as required by law.
(a) AT&T Wireless and VP Import/Export have failed to exercise their owner
participation rights within the required timeframes and such rights are hereby deemed
waived and extinguished;
(b) Aunt Emma's, Best Western and Travelers Suites have indicated an interest
in participating in the proposed Project. Agency staff and Developer are authorized and
directed to negotiate with such parties as more particularly described in the ENA
PRESENTED BY
APPROVED AS TO FORM BY
~~o~
Chris Salomone
Director of Community Development
Resolution No. 1794
Page 3
PASSED, APPROVED and ADOPTED BY THE REDEVELOPMENT AGENCY OF THE CITY OF
CHULA VISTA, CALIFORNIA this 10th day of September, 2002 by the following vote:
AYES:
Members Davis, Padilla, Rindone, Salas, and Chair/Mayor Horton
NOES:
None
ABSENT:
None
ABSTENTIONS:
None
.d/~~-6zZ2(
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,
California DO HEREBY CERTIFY that the foregoing is a full, true and correct copy of Resolution No.
1794 and that the same has not been amended or repealed.
Dated: September 10, 2002
~~
Chris Salomone
Executive Secretary
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