HomeMy WebLinkAboutcc min 2000/01/18 RDA MINUTES OF A REGULAR MEETING OF THE REDEVELOPMENT AGENCY AND
AN ADJOURNED MEETING OF THE CITY COUNCIL
OF THE CITY OF CHULA VISTA
January 18, 2000 6:00 p.m.
A Regular Meeting of the Redevelopment Agency and an Adjourned Meeting of the City
Council of the City of Chula Vista were called to order by Chair/lVlayor Horton at 7:25 p.m. in
the Council Chambers, located in the Public Services Building, 276 Fourth Avenue, Chula Vista,
California.
CALL TO ORDER
1. ROLL CALL:
PRESENT: Agency/Council Members Davis, Moot, Padilla, Salas, and Chair/lVlayor Horton
ABSENT: Agency/Council Members: None
CONSENT ITEMS
2. AGENCY RESOLUTION NO. 1660 AND/COLrNCIL RESOLUTION NO. 2000-022,
JOINT RESOLUTION OF THE CITY COLrNCIL AND THE REDEVELOPMENT
AGENCY OF THE CITY OF CHULA VISTA APPROVING THE FIRST
AMENDMENT TO THE ASSESSMENT DISTRICT NO. 90-2 REIIVlBURSEMENT
AGREEMENT PROVIDING FOR REPAYMENT TO THE AGENCY OF AN
OUTSTANDING $440,087 LOAN
On March 9, 1993, the City/Agency entered into an agreement with the Darling Delaware
Company that deferred payment of the assessment fees for their property located on Otay
Valley Road. The deferral was granted due to ongoing efforts to clean up the property
and the resulting limitations on developability and sale of the property. The Agency
loaned to Darling Delaware the assessment fee that was to be repaid to the Agency upon
development or sale. In December 1999, Darling Delaware sold the property to
LandBank. LandBank will, in turn, be selling the property to the end user, Investment
Development Services (IDS). The property is presently in escrow, with the transaction
scheduled to close in March 2000. LandBank has requested a deferral of the fees until
after IDS closes the property. IDS has agreed to pay the assessment district fees after
they purchase the property. (Community Development Director)
ACTION: Chair/Mayor Horton offered Agency Resolution No. 1660 and Council Resolution
No. 2000-022, heading read, text waived. The motion carried 5-0.
ORAL COMMUNICATIONS
There were none.
ACTION ITEMS
3. AGENCY RESOLUTION NO. 1661, RESOLUTION OF THE REDEVELOPMENT
AGENCY OF THE CITY OF CHULA VISTA CONDITIONALLY APPROVING
FINANCIAL ASSISTANCE IN THE FORM OF A RESIDUAL RECEIPT LOAN
FROM THE LOW AND MODERATE iNCOME HOUSiNG FUND iN AN AMOUNT
NOT-TO-EXCEED $1,387,152 TO CHELSEA INVESTMENT CORPORATION FOR
THE ACQUISITION AND REHABILITATION OF PEAR TREE MANOR
APARTMENTS (4/5THS VOTE REQUIRED; CONTINUED FROM THE MEETiNG
OF JANUARY 1 I, 2000)
On December 7, 1999, the Council and Housing Authority held a public hearing to
consider the issuance of tax-exempt obligations to finance the Chelsea Investment
Corporation (Chelsea) acquisition and rehabilitation of a l l9-unit complex known as
Pear Tree Manor, located at 1025 Broadway. Chelsea is in the process of preparing an
application for an allocation of the 2000 state ceiling on private activity bonds for multi-
family rehabilitation projects from the California Debt Limit Allocation Committee
(CDLAC). The application process is competitive and needs to demonstrate readiness to
complete the project and strong support from the community. Staff has reviewed
Chelsea's most recently submitted pro forma, which indicates an approximate financing
gap of $1,387,152. Staff recommends approval of the resolution in order for Chelsea to
submit an application to CDLAC by the February 15, 2000 deadline. (Community
Development Director)
Housing Coordinator Arroyo presented the item to Council.
James Schmid, representing Chelsea Investment Corporation, spoke regarding the financing and
stated that the company intends to upgrade the property and existing units.
ACTION: Chair/Mayor Horton offered Agency Resolution No. 1661, heading read, text
waived. The motion carried 5-0.
OTHER BUSINESS
4. DIRECTOR'S REPORTS
There were none.
5. CHAIRS REPORTS
There were none.
6. AGENCY MEMBER COMMENTS
There were none.
At 7:49 p.m., Chair/Mayor Horton recessed the meeting to Closed Session
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CLOSED SESSION
7. CONFERENCE WITH REAL PROPERTY NEGOTIATOR PURSUANT TO
GOVERNMENT CODE SECTION 54956.8
Property: Agency-owned parcels at the northwest comer of Third
Avenue and H Street
Negotiating parties: Redevelopment Agency (Chris Salomone) and Chrismatt
Corporation, a California Corporation, dba Pied Company
(James V. Pier/)
Under Negotiation: Price and terms for disposition/acquisition
Instructions were given to the Negotiator.
8. CONFERENCE WITH REAL PROPERTY NEGOTIATOR PURSUANT TO
GOVERNMENT CODE SECTION 54956.8
Property: 1) 565-010-30 and 567-011-05 Midbayfront 96.57 acres
2) 567-010-28 Bayfront Park 4.94 acres
3) 567-011-01,565-01-12, SDG&E ROW 9.8 acres(appx)
565-010-15, pm 565-010-18
4) 567-021-11, pm 565-290-39 SD&AE ROW 2.3 acres(appx)
5) 565-310-09, 565-310-25 Street Merziotis 6.35 acres
6) 567-011-04 Marina Motor Hotel 1.0 acres
7) 567-010-18 Cappos 2.01 acres
8) 567-010-19 Shangri La 2.73 acres
9) 567-021-32 Lagoon Drive Park 1.14 acres
Negotiating Parties: Redevelopment Agency/City of Chula Vista (Chris Salamone);
Chula Vista Capital, B.F. Goodrich, SDG&E, SD&AE, Tuchscher
Development Enterprises, Inc.
Under Negotiation: Price and terms for disposition/acquisition
This item was not discussed.
ADJOURNMENT
At 9:50 p.m., Chair/Mayor Horton adjourned the meetings to a Regular Meeting of the City
Council and an Adjourned Meeting of the Redevelopment Agency to be held January 25, 2000.
Respectfully submitted,
Susan Bigelow, CMC/AAE, City Clerk
Page 3 - Council/RDA Minutes 01/18/00