HomeMy WebLinkAboutCVRC Reso 2006-022
CVRC RESOLUTION NO. 2006-022
RESOLUTION OF THE CHULA VISTA REDEVELOPMENT
CORPORATION APPROVING AN AMENDMENT TO
EXCLUSIVE NEGOTIATING AGREEMENT WITH INTERGULF-
MAR (PARK) LLC FOR DEVELOPMENT OF THE THIRD
AVENUE AND G STREET NORTHWEST 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, Intergulf-Mar (Park) LLC ("Developer") desires to continue to work
cooperatively with the CVRC in the development of a project at the northwest site of Third
Avenue and G 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 Intergulf-Mar (Park) LLC for potential development of a real estate project located at Third
Avenue and G Street Northwest and authorizes the Chair to execute said Agreement.
CVRC Resolution No. 2006-022
Page 2
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PRESENTED BY
APPROVED AS TO FORM BY
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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
StePhend42?d~ -
ATTEST:
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
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Dana M. Smith, Secretary
I, Dana M. Smith, Secretary of the Chula Vista Redevelopment Corp IOn of the City of Chula
Vista, California, do hereby certify that the foregoing CVRC Resolution No. 2006-022 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.
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Dana M. Smith, Secretary
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