HomeMy WebLinkAboutRDA Reso 2005-1903
RDA RESOLUTION NO. 2005-1903
RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF CHULA VISTA APPROVING AN OWNER
PARTICIPATION AGREEMENT WITH SUNROAD CV AUTO,
INC. FOR THE OPERATION AND MAINTENANCE OF A
CHULA VISTA TOYOTA DEALERSHIP
WHEREAS, The Redevelopment Agency of the City of Chula Vista has pro actively
planned for the development and expansion of the auto park along the Main Street corridor east
ofthe 1-805 Freeway between Brandywine Avenue and Maxwell Road; and
WHEREAS, Sunroad CV Auto, Inc. proposes to develop a Toyota dealership on a
portion of the property located on the south side of Main Street between Brandywine and
Maxwell Road; and
WHEREAS, the site for the proposed Toyota dealership is located within the Otay Valley
Road Redevelopment Project Area under the jurisdiction and control of the Redevelopment
Agency ofthe City of Chula Vista; and
WHEREAS, the site for the proposed Toyota Automobile Dealership is located within
the boundaries of the Auto Park East Specific Plan (PCM-02-10) approved by City Council in
June 2004; and
WHEREAS, in August 2004, the Redevelopment Agency of the City of Chula Vista
approved a Master Owner Participation Agreement with Fred Borst, Borst Family Trust, Fask
Land, Inc., establishing development standards and performance requirements for the 29 acres of
territory within the Auto Park East Specific Plan; and
WHEREAS, The Master Owner Participation Agreement sets forth a number of
developer obligations of both the existing master developer and future individual developers and
dealership owners; and
WHEREAS, The Master Owner Participation Agreement and the Owner Participation
Agreement with Sunroad CV Auto, Inc. will concurrently guide the development, maintenance,
and operation ofthe Toyota dealership as a "first quality, first class" auto dealership; and
WHEREAS, the agreement represents the Chula Vista Redevelopment Agency's ongoing
efforts to effectively plan for the City's expanding Auto Park.
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the City of
Chula Vista that this Redevelopment Agency does hereby approve in the form presented the
Owner Participation Agreement between the Redevelopment Agency of the City of Chula Vista
and Sunroad CV Auto, Inc., a copy of which shall be kept on file in the Office ofthe City Clerk.
RDA Resolution No. 2005-1903
Page 2
BE IT FURTHER RESOLVED that the Mayor of the City of Chula Vista is hereby
authorized to execute said Owner Participation Agreement with Sunroad CV Auto, Inc. for and
on behalf of the Redevelopment Agency of the City of Chula Vista.
Presented by
Approved as to form by
~~
Ann Moore
Agency Counsel
PASSED, APPROVED, and ADOPTED by the Redevelopment Agency of the City of
Chula Vista, California, this 15th day of February 2005, by the following vote:
AYES:
Agency Members:
Castaneda, Davis, McCann, and Padilla
NA YES:
Agency Members:
None
ABSENT:
Agency Members:
Rindone
ABSTAIN:
Agency Members:
~~~
,/ Stephen C. Padilla, Chairman
ATTEST:
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Laurie A. Madigan, Secretary of the Chula Vista Redevelopment Agency, do hereby certify
that the foregoing Resolution No. 2005-1903 was duly passed, approved, and adopted by the
Redevelopment Agency at a regular meeting held on the 15th day of February 2005.
Executed this 15th day of February 2005.