HomeMy WebLinkAboutRDA Reso 2002-1797
RESOLUTION NO. 1797
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
CHULA VISTA APPROVING A SETTLEMENT AGREEMENT WITH
PEOPLE'S CHEVROLET AND APPROPRIATING $53,895 THEREFOR
FROM THE UNAPPROPRIATED BALANCE OF THE MERGED
PROJECT AREA FOR THE PURPOSE OF AN INCENTIVE PAYMENT
DUE TO PEOPLE'S CHEVROLET AND AUTHORIZING PAYMENT OF
$12,420 FROM THIS AMOUNT TO THE SEWER FUND FOR SEWER
PUMP STATION CHARGES
WHEREAS, The Development and Disposition Agreement for Chula Vista Auto Park Phase I
requires the City of Chula Vista Redevelopment Agency to pay incentives to auto dealers if certain sale
tax receipt thresholds are exceeded; and
WHEREAS, People's Chevrolet exceeded the sales tax receipt threshold in both 2000 and 2001;
and
WHEREAS, The Covenant, Conditions and Restrictions of Chula Vista Auto Park Phase I require
sewer pump station charges for dealers; and
WHEREAS, Payments are due on sewer pump station charges from People's Chevrolet; and
WHEREAS, The Redevelopment Agency and People's Chevrolet have reached an agreement to
settle these charges;
NOW, THEREFORE, BE IT RESOLVED the Redevelopment Agency of the City of Chula Vista
does hereby approve a settlement agreement with People's Chevrolet and appropriate $53,895 therefor
from the unappropriated balance of the Merged Project Area for the purpose of an incentive payment
due to People's Chevrolet.
BE IT FURTHER RESOLVED the Redevelopment Agency of the City of Chula Vista does
hereby authorize payment of $12,420 from this amount to the Sewer Fund for sewer pump station
charges.
PRESENTED BY
APPROVED AS TO FORM BY
Lau ie Madigan
Dire tor of Commun
Resolution No. 1797
Page 2
PASSED, APPROVED and ADOPTED BY THE REDEVELOPMENT AGENCY OF THE CITY OF
CHULA VISTA, CALIFORNIA this 17th day of September, 2002 by the following vote:
AYES:
Members Davis, Chair/Padilla, Rindone, Salas, and Chair/Horton
NOES:
None
ABSENT:
None
ABSTENTIONS:
None
ATTEST:
40/
STATE OF CALIFORNIA)
COUNTY OF SAN DIEGO) ss:
CITY OF CHULA VISTA)
I, Laurie Madigan, 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.
1797 and that the same has not been amended or repealed.
Dated: September 17, 2002
J