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HomeMy WebLinkAboutCVRC Reso 2006-021 CVRC RESOLUTION NO. 2006-021 RESOLUTION OF THE CHULA VISTA REDEVELOPMENT CORPORATION APPROVING AN AMENDMENT TO EXCLUSIVE NEGOTIATING AGREEMENT WITH A VION DEVELOPMENT LLC FOR DEVELOPMENT OF THE THIRD AVENUE AND E STREET SOUTHEAST SITE WHEREAS, it is the role and responsibility of the Redevelopment Agency of the City of Chula Vista ("Agency") to promote economic vitality, create market confidence, encourage environmental health and remediation, create public benefits and amenities, and facilitate the development, reconstruction, and rehabilitation of residential, commercial, industrial, and retail uses; and WHEREAS, the Redevelopment Agency entered into an ENA with Developer on July 26,2005; and WHEREAS, the Chula Vista Redevelopment Corporation ("CVRC") became a legal entity on June 15,2005, and became operational on February 23, 2006; and WHEREAS, the Exclusive Negotiating Agreement ("ENA") recognizes that all obligations of the Agency were automatically assigned to the CVRC upon it becoming operational; and WHEREAS, the Redevelopment Agency entered into an ENA with Developer on July 26,2005; and WHEREAS, Section 2A of the ENA outlines an initial negotiation period ("Initial Negotiation Period") between the Agency and Developer of 300 days. This Initial Negotiation Period ends on May 23, 2006; and WHEREAS, A vion Development LLC ("Developer") desires to continue to work cooperatively with the CVRC in the development of a project at the southeast site of Third Avenue and E Street ("Property"), located in the Agency's Town Centre I Redevelopment Project Area; and WHEREAS, it is in the interest of the Chula Vista Redevelopment Agency and the City of Chula Vista for the Chula Vista Redevelopment Corporation to execute and enter into a First Amendment to the ENA with Developer for the proposed development site based on Developer's qualifications; and WHEREAS, approval of the First Amendment to the ENA is exempt from the California Environmental Quality Act ("CEQA") pursuant to Section 15061(b)(3) of the State CEQA Guidelines; and NOW THEREFORE BE IT RESOLVED that the Chula Vista Redevelopment Corporation does hereby approve the First Amendment to the Exclusive Negotiating Agreement with Avion Development LLC for potential development of a real estate project located at Third Avenue and E Street Southeast and authorizes the Chair to execute said Agreement. CVRC Resolution No. 2006-021 Page 2 - PRESENTED BY APPROVED AS TO FORM BY ~sm{! ~ ~t~llJ\4tM )bu oore ~ G~ral Counsel Director of Community Development PASSED, APPROVED, and ADOPTED by the Chula Vista Redevelopment Corporation of the City of Chula Vista, this 11 th day of May 2006, by the following vote: AYES: Directors: Castaneda, Chavez, Desrochers, Lewis, McCann, Paul, Rindone, Rooney NAYS: Directors: None ABSENT: Directors: Padilla ABSTAINED: Directors: None STATE OF CALIFORNIA COUNTY OF SAN DIEGO CITY OF CHULA VISTA ) ) ) - ATTEST: ~~#f,~ Dana M. Smith, See etary I, Dana M. Smith, Secretary of the Chula Vista Redevelopment Corporation of the City of Chula Vista, California, do hereby certify that the foregoing CVRC Resolution No. 2006-021 was duly passed, approved, and adopted by the Chula Vista Redevelopment Corporation at a regular meeting of the Chula Vista Redevelopment Corporation held on the 11 th day of May 2006. Executed this 11 th day of May 2006. Ckl>~ #f 4-~ Dana M. Smith, Secretary -