HomeMy WebLinkAboutcc min 2001/09/25 RDA MINUTES OF ADJOURNED REGULAR MEETINGS
OF THE CITY COUNCIL AND REDEVELOPMENT AGENCY
OF THE CITY OF CHULA VISTA
September 25, 2001 6:00 p.m.
Adjourned Regular Meetings of the City Council and Redevelopment Agency of the City of
Chula Vista were called to order at 6:25 p.m. in the Council Chambers, located in the Public
Services Building, 276 Fourth Avenue, Chula Vista, California.
ROLL CALL
PRESENT: Agency/Councilmembers: Davis, Padilla, Rindone, Salas and
Chair/Mayor Horton
ABSENT: Agency/Councilmembcrs: None
ALSO PRESENT: Executive Director/City Manager Rowlands, Senior Assistant City
Attorney Moore, and City Clerk Bigelow
ORAL COMMUNICATIONS
There were none.
ACTION ITEMS
1. AGENCY RESOLUTION NO. 1750, RESOLUTION OF THE REDEVELOPMENT
AGENCY OF THE CITY OF CHULA VISTA APPROVING FIRST AMENDMENT
TO THE GATEWAY CHULA VISTA PROJECT DISPOSITION AND
DEVELOPMENT AGREEMENT (DDA) PROVIDING FOR THE EARLY ADVANCE
OF $1.3 MILLION OF THE AGENCY'S FIRST INSTALLMENT PAYMENT AND
APPROPRIATING FUNDS THEREFOR
On June 6, 2000, the Council/Agency approved a Disposition and Development
Agreement (DDA) with Gateway Chula Vista LLC for development of a 347,000 sqare-
foot office and retail project at the northwest corner of Third Avenue and "H" Street. At
that time, the Agency approved disbursement of several installment payments, providing
a phased subsidy for the project. The first installment payment was to be disbursed upon
completion of a number of conditions, including lease-up of 50 percent of the first phase
of the development and successful closing of construction loan financing. In August
2001, the project developer approached the City to request early disbursement of the cash
portion ($1.3 million) of the first installment payment, citing a softening office leasing
market and cash flow concerns. (Community Development Director)
Redevelopment Manager Estes presented the proposed amendments for consideration.
Councilmembcr Salas asked if there had been any new developments in the situation since the
information was presented to Council. Community Development Director Salomone noted
evidence of the developer's confidence in completing the project.
ACTION ITEMS (Continued) -
ACTION: Agcncy/Councilmember Rindon¢ moved to direct staff to finalize the documents
that were submitted in draft form and to implement the transaction; and he offered
Agency Resolution No. 1750, heading read, text waived. The motion carried 5-0.
OTHER BUSINESS
2. DIRECTOR'S REPORTS
There were none.
3. CHAIRfMAYOR REPORTS
There were none.
4. AGENCY/COUNCIL COMMENTS
There were none.
CLOSED SESSION
5. CONFERENCE WITH REAL PROPERTY NEGOTIATOR PURSUANT TO -
GOVERNMENT CODE SECTION 54956.8
a. Property: Agency-owned pamels at the northwest comer of Third
Avenue and H Street
Negotiating Parties: Redevelopment Agency (Chris Salomone) and Gateway
Chula Vista, LLC (Jim Pieri)
Under Negotiation: Revised price and terms for disposition/acquisition
This item was not discussed.
b. Property: Assessor Parcel Nos. 568-270-03; 568-270-11
(approximately 2.85 acres located at the southeast comer of
Fourth Avenue and F Street)
Negotiating Parties: City Council / Redevelopment Agency(Sid Morris / Chris
Salomone) and Various Tenant Interests
Under Negotiation: Lease terms
This item was not discussed.
6. CONFERENCE WITH LEGAL COUNSEL REGARDING ANTICIPATED
LITIGATION PURSUANT TO GOVERNMENT CODE SECTION 54956.9(B)
One Case
This item was not discussed.
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CLOSED SESSION (Continued)
7. CONFERENCE WITH LEGAL COUNSEL REGARDING EXISTING LITIGATION
PURSUANT TO GOVERNMENT CODE SECTION 54956.9(A)
Agency vs. Rados Bros. [Case No. GIC734557-1]
This item was not discussed.
8. CONFERENCE WITH REAL PROPERTY NEGOTIATOR PURSUANT TO
GOVERNMENT CODE SECTION 54956.8
Property: Assessor Parcel Nos. 568-270-2200; 760-106-9205 (31,673 sq. f.
at 320 Third Avenue)
Negotiating Parties: Redevelopment Agency (Chris Salomone) and CinemaStar/Trigild
(Bill Huffman) and/or Midland Loan Services/LaSalle Bank (Chris
Cimino)
Under Negotiation: Price and terms for acquisition
Direction was given to the Negotiator.
ADJOURNMENT
At 8:00 p.m., Chair/Mayor Horton adjourned the meeting to a Regular Meeting of the
Redevelopment Agency on October 2, 2001, 2001 at 4:00 p.m., immediately following the City
Council meeting.
Respectfully submitted,
Susan Bigelow, CMC/AAE, City Clerk
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