HomeMy WebLinkAboutReso 1985-11899
(b)
RESOLUTION NO. 11899
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA DETERMINING THAT NO OTHER REASONABLE
MEANS OF FINANCING THE BAYFRONT TROLLEY STATION
ARE PRESENTLY AVAILABLE TO THE CITY
WHEREAS, the City of Chula Vista proposes to jointly develop the
Bayfront Trolley Station with the County of San Diego; and
WHEREAS, the City's and County's share of the development costs are
estimated as follows:
County of San Diego
City of Chula Vista Public Works
Ya rd Access
Bayfront Redevelopment Project Tax
Increment Funds
$1,708,500
147,000
1,561,500
$3,417,000; and
WHEREAS, County and City budgetary limitation and commitments
preclude larger contributions in lieu of using Redevelopment Agency funds; and
WHEREAS, the Metropolitan Transit Developent Board is unable to
commit funds to this project due to development of the East Trolley line.
NOW, THEREFORE, BE IT RESOLVED that the City Counc il of the Ci ty of
Chula Vista hereby determines that no other reasonable means of financing the
Bayfront Trolley Station are presently available to the City.
Presented by
"a.0-L
,
,
,~y /
/\I{{'Z--VIL
Community Development Director
WPC 1343H
ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
IULA VISTA, CALIFORNIA, this
85
, by the following vote, to_it:
8th
day of
January
'ES: Councilmen
¡YES: Councilmen
¡STAIN: Councilmen
!SENT: Councilmen
Scott, Moore, Cox, Malcolm, McCandliss
None
None
None
1, ;,' r? ~
MaYO~e City of Chula Vista
TES a~~~
~ City ler
'ATE OF CALIFORNIA )
)UNTY OF SAN DIEGO ) s s.
ry OF CHULA VISTA )
I, JENNIE M, FULASZ, CMC, CITY CLERK of the City of Chula Vista, California,
) HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 11899
,and that the same has not been amended or repealed,
\TED
City Clerk
(seal)
:-660