HomeMy WebLinkAboutRDA Reso 2003-1817
RESOLUTION NO. 1817
(COUNCIL RESOLUTION NO. 2003-133)
JOINT RESOLUTION OF THE REDEVELOPMENT AGENCY AND CITY
COUNCIL OF THE CITY OF CHULA VISTA APPROVING A PROPERTY
ACQUISITION STIPULATED SETTLEMENT WITH THE RADOS
BROTHERS AS OWNERS OF THE VACANT PROPERTY AT THE
SOUTHWEST CORNER OF BA Y BOULEVARD AND "F" STREET IN THE
BAYFRONT REDEVELOPMENT PROJECT AREA AND APPROPRIATING
$517,600 FROM THE MERGED PROJECT AREA FUND AS A LOAN
REPAYMENT TO THE BAYFRONTrrOWN CENTRE I FUND AND
APPROPRIATING THESE FUNDS IN THE BA YFRONTrrOWN CENTER I
FUND FOR THE SETTLEMENT PAYMENT
WHEREAS, in December, 1999, the City of Chula Vista and its Redevelopment Agency
entered into a Goodrich Relocation Agreement that facilitated the consolidation of the Goodrich
manufacturing and administrative office complex to the north of"H" Street thereby allowing their
property south of"H" Street to become available for a higher and better use development adjacent to
the Chula Vista Marina; and
WHEREAS, the Goodrich Relocation Agreement included an obligation of the City of Chula
Vista and its Redevelopment Agency to acquire and subsequently transfer a privately owned 3.02
acre vacant property site at the southwest comer of Bay Boulevard and Lagoon Drive ("F" Street) to
Goodrich for inclusion in their new corporate campus; and
WHEREAS, the City and the Redevelopment Agency proceeded to acquire through the use
of eminent domain such 3.02 acre vacant property at the southwest comer of Bay Boulevard and
Lagoon Drive owned by the Rados Brothers; and
WHEREAS, a proposed stipulated Settlement has been reached between the City of Chula
Vista, the Redevelopment Agency and the Rados Brothers for a total settlement amount of
$1,490,000; and
WHEREAS, the City ofChula Vista Redevelopment Agency previously deposited $972,400
with the Superior Court as payment for the Rados Brothers' property.
Resolution No. 1817
Page 2
NOW, THEREFORE, BE IT RESOLVED, the Redevelopment Agency and the City Council
of the City of Chula Vista do hereby approve a property acquisition stipulated settlement with the
Rados Brothers as owners of the vacant property at the southwest comer of Bay Boulevard and "F"
Street in the BayFront Redevelopment Project area; and do hereby appropriate and authorize
expenditure of $517,600 from the Merged Project Area Fund as a loan repayment to the·
BayFrontITown Centre I Fund, and do hereby appropriate these funds in the BayfrontITown Centre I
Fund for such settlement payment.
Presented by
Approved as to form by
CÂ.- ~
Ann Moore
City Attorney
Resolution No. 1817
Page 3
PASSED, APPROVED and ADOPTED BY THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA
VISTA, CALIFORNIA this 1st day of April, 2003 by the following vote:
AYES:
NOES:
Members Davis, MC CANN, Rindone, Salas, and Chair/Mayor Padilla
None
ABSENT:
None
ABSTENTIONS:
None
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Chairman
ATTEST:
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, California
DO HEREBY CERTIFY thatthe foregoing is a full, true and correct copy of Resolution No. 1817 and thatthe
same has not been amended or repealed.
Dated: April 4, 2003
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WA~/ ./
La rie Madigan
Ex cutive Secretary
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