HomeMy WebLinkAboutRDA Reso 2003-1820
RESOLUTION NO. 1820
(CounciT Resolution No. 2003-2M)
JOINT RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY
OF CHULA VISTA AND THE CITY OF CHULA VISTA APPROVING AN
EXCLUSIVE NEGOTIATING AGREEMENT WITH LOMA VERDE, INC. DBA
PACIFIC SCENE HOMES, INC) FOR DEVELOPMENT OF THE CHULA
VISTA @ LANDIS PROJECT PROPOSAL LOCATED ON LANDIS AVENUE
BE1WEEN E STREET AND F STREET
WHEREAS, representatives of Loma Verde, Inc. dba Pacific Scene Homes, Inc. ("Developer") are
proposing to develop the Chula Vista @ Landis Project with a high quality residential infill project comprised
of for-sale residential units; and
WHEREAS, the proposed project area is comprised of approximately 1.79 developable acres with
12 parcels owned by the within the City of Chula Vista adjacent to the Third Avenue business district within
the Town Centre I Redevelopment Project; and
WHEREAS, the Developer has requested an Exclusive Negotiating Agreement (ENA) with the
Agency for six months, 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 thè Town Centre I Redevelopment Project Area by serving as a
catalyst for quality development and revitalization at a key urban core location; and
WHEREAS, the Developer may also develop or assist the development of a related mixed-use retail
Paseo component that could link the project directly with the retail core on Third Avenue; and
WHEREAS, the approval of the ENA is exempt from CEQA under CEQA Guidelines Section
15061(b)(3).
NOW, THEREFORE, BE IT RESOLVED the Redevelopment Agency of the City of Chula Vista does
hereby (1) approve the Exclusive Negotiating Agreement with Loma Verde, Inc. dba Pacific Scene Homes,
Inc. for development of the Chula Vista @ Landis Project located on Landis Avenue between E Street and F
Street on the terms presented; and (2) authorize and direct the Chairman to execute the agreement on a
final form approved by the City Attorney.
PRESENTED BY
APPROVED AS TO FORM BY
C--~~
Ann Moore
Agency Attorney
Resolution No. 1820
Page 2
ADOPTED AND APPROVED this 13th day of May, 2003, by the following vote:
AYES:
Members Rindone, Salas, McCann, and Chair Padilla
NOES:
ABSTENTIONS:
None
None
ABSENT:
Davis
Chair Ste hen C. Padilla, Board of Directors
Redevelopment Agency of the City of Chula Vista
I hereby certify that the foregoing resolution was duly introduced, passed and adopted at the
time and place and by the vote as noted above.
APPROVED AS TO FORM
~~
Agency Attorney