HomeMy WebLinkAboutRDA Reso 2002-1801
RESOLUTION NO. 1801
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
CHULA ViSTA APPROPRIATING $63,332 FROM THE AVAILABLE FUND
BALANCE IN THE MERGED PROJECT AREA FUND FOR REPAYMENT
OF ADVANCES TO THE BAYFRONTrrOWN CENTRE I PROJECT AREA
FUND AND APPROPRIATING $63,332 FROM UNANTICIPATED
REVENUES IN THE BAYFRONTrrOWNCENTRE I PROJECT AREA FUND
FOR GATEWAY CHULA VISTA PHASE I PERMIT FEE
REIMBURSEMENTS PURSUANT TO THE ADOPTED DISPOSITION AND
DEVELOPMENT AGREEMENT
WHEREAS, the Gateway Chula Vista project located in the Town Centre I Redevelopment Project
Area has submitted evidence of permit fees paid and eligible for reimbursement pursuant to the adopted
Disposition and Development Agreement for the project; and
WHEREAS, all permits have now been issued by the City for all components of the first phase of the
project, including the office/retail building, the Phase I parking structure, and the "north tail" annex building,
thereby triggering release of the reimbursement payment; and
WHEREAS, staff have verified the permit fee payments and progress of the project and have
determined that the developer is now eligible for the payment; and
WHEREAS, funds from the Agency's 2000 tax allocation bond were set aside for this purpose and
with this action will be appropriated from the Merged Project Area fund to repay outstanding advances from
the Bayfrontrrown Centre I fund and appropriated therein for disbursement;
NOW, THEREFORE, BE iT RESOLVED the Redevelopment Agency of the City of Chula Vista does
hereby approve appropriating $63,332 from the available fund balance in the Merged Project Area fund for
repayment of advances to the Bayfrontrr own Centre I Project Area fund and appropriating $63,332 from
unanticipated revenues in the Bayfrontrrown Centre I Project Area fund for Gateway Chula Vista phase I
permit fee reimbursements pursuant to the adopted Disposition and Development Agreement
PRESENTED BY
APPROVED AS TO FORM BY
Madigan
r of Community Development
G--~
Ann Y. Moore
Agency Attorney
RESOLUTION NO. 1801
PAGE 2
PASSED, APPROVED and ADOPTED BY THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA
VISTA, CALIFORNIA~" 12~ ""of N_be<, 2~62/ L
Steve Padilla
Chairman
AYES:
Mayor Horton; Members Davis, McCann, Padilla, Rindone, Salas
NOES:
None
ABSENT:
None
ABSTENTIONS:
None
ATTEST:
STATE OF CALIFORNIA)
COUNTY OF SAN DIEGO) ss:
CITY OF CHULA VISTA)
I, Laurie Madigan, Executive Director 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. 1801 and that the same
has not been amended or repealed.
Dated: November 12, 2002