HomeMy WebLinkAboutRDA Reso 2002-1806
RESOLUTION NO. 1806
RESOLUTION APPROVING A PURCHASE AGREEMENT FOR PROPERTY LOCATED AT
201 THIRD AVENUE FOR REDEVELOPMENT PURPOSES AND APPROPRIATING
$350,000 FROM THE AVAILABLE FUND BALANCE IN THE MERGED PROJECT AREA
FUND FOR REPAYMENT OF OUTSTANDING ADVANCES FROM THE
BAYFRONTITOWN CENTRE I PROJECT AREA FUND AND APPROPRIATING $350,000
FROM UNANTICIPATED REVENUES IN THE BAYFRONTITOWN CENTRE I PROJECT
AREA FUND FOR PROPERTY ACQUISITION COSTS
WHEREAS, the redevelopment of the Town Centre I Redevelopment Project Area is well underway
with current projects in construction, including the Gateway Chula Vista project and the Police Headquarters
project, as well as an active Storefront Renovation Program and a new Property and Business Improvement
District; and
WHEREAS, the Agency desires to improve the north gateway into Downtown Chula Vista located at
Third Avenue and E Street by developing one or more anchor projects that could include mixed-use retail,
residential and office components with an urban shape and form and architectural excellence; and
WHEREAS, certain property with the north gateway located at 201 Third Avenue ("Property") is
available for purchase and could be an integral part of a major north Downtown anchor redevelopment
project that would provide a significant entry statement to the Third Avenue shopping corridor while
providing much needed revitalization to a section of downtown that has not experienced significant
investment during past decades; and
WHEREAS, the Planning and Environmental Services Manager has determined that the proposed
project qualifies for a Class 32 infill development projects categorical exemption from the provisions of
CEOA as it has been determined not to have a significant effect on the environment.
NOW, THEREFORE, BE IT RESOLVED the Redevelopment Agency of the City of Chula Vista does
hereby:
1. Find and determine that the Agency's acquisition of the Property is consistent with and
implements the Town Centre I Redevelopment Plan and will assist in the elimination of blight.
2. Approve a Purchase Agreement for the Property in the form presented with such minor
modifications as may be approved or required by the Agency Attorney.
3. Appropriate $350,000 from the available fund balance in the Merged Project Area Fund for
repayment of advances from the Bayfront/Town Centre I Redevelopment Project Area Fund, and
appropriate $350,000 from unanticipated revenues in the Bayfront/Town Centre I Project Area Fund for
property acquisition costs.
4. Authorize and direct the Chair to execute the Agreement and staff to take all reasonable and
necessary measures to implement same.
PRESENTED BY
APPROVED AS TO FORM BY
~~
Ann Y. Moore
Agency Attorney
Resolution No. 1806
Page 2
PASSED, APPROVED and ADOPTED BY THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA
VISTA, CALIFORNIA this 10th day of Decernber, 2002 by the following vote:
AYES:
Members Davis, McCann, Rindone, Salas, and Chair/Mayor Padilla
NOES:
None
ABSENT:
None
ABSTENTIONS:
None
ATTEST:
.d&
Laurie . Madigan
Execu ve Secretary
STATE OF CALIFORNIA)
COUNTY OF SAN DIEGO) ss:
CITY OF CHULA VISTA)
I, Laurie A. Madigan, 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. 1806 and that the
same has not been amended or repealed.
Dated: December 10, 2002
Lau A. Madigan
Exec tive Secretary