HomeMy WebLinkAboutRDA Reso 2005-1909
RDA RESOLUTION NO. 2005-1909
RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF CHULA VISTA APPROVING AN
AGREEMENT WITH FULLER FORD AND ATOMIC
INVESTMENTS INC. FOR DEDICATION OF RIGHT-OF-
WAYS, LOT LINE ADJUSTMENT, AND ASSIGNMENT OF
OPTION TO PURCHASE THE SHINOHARA PROPERTY,
WHICH IS LOCATED WITHIN THE CHULA VISTA MERGED
REDEVELOPMENT PROJECT AREA
WHEREAS, increased development activity within the Otay Valley community has
prompted the need to widen portions of Main Street, generally between Fuller Ford at 520 Auto
Park Drive and the Chula Vista Crossings Project at 4501 Main Street; and
WHEREAS, to facilitate future development and address anticipated traffic and
circulation needs for the community, an agreement has been negotiated between the Agency,
Fuller Ford, and Atomic Investments Inc.; and
WHEREAS, to facilitate the needed improvements to Main Street, Fuller and Atomic
have agreed to dedicate to the City an approximately 10-ft wide right-of-way over the northern
portion of their respective properties; and
WHEREAS, in exchange for the Fuller dedication, the Agency has agreed to assign to
Fuller its Option to Purchase the Shinohara property, which is located just south of the Fuller
property; and
WHEREAS, in exchange for the Atomic dedication, Fuller has agreed to transfer to
Atomic a 22.5-ft. portion of the western side of their property; and
WHEREAS, the agreement between the Agency, Fuller, and Atomic benefits the
community and the Otay Valley Area; and
WHEREAS, Agency transfer of its Option to Purchase the Shinohara property allows for
the dedication of necessary right-of-ways to widen portions of Main Street, which will improve
circulation and traffic conditions for future and ongoing development activity within the Otay
Valley community; and
WHEREAS, the agreement will also provide the opportunity for Fuller to pursue
development of the underutilized Shinohara property into a higher and better use; and
WHEREAS, the Environmental Review Coordinator has reviewed the proposed project
for compliance with the California Environmental Quality Act (CEQA) and has determined that
the proposed project was adequately covered in a previously adopted Final Environmental
Impact Report (FEIR)-04-03; and
RDA Resolution No. 2005-1909
Page 2
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the City of
Chula Vista that the Redevelopment Agency does hereby approve in the form presented the
agreement between the Redevelopment Agency of the City of Chula Vista, Fuller Ford, and
Atomic Investments Inc. for Dedication of Right-Of- Ways, Lot Line Adjustment, and
Assignment of Option to Purchase the Shinohara Property, a copy of which shall be kept on file
in the Office of the City Clerk.
BE IT FURTHER RESOLVED that the Mayor of the City of Chula Vista is hereby
authorized to execute said agreement for and on behalf of the Redevelopment Agency of the City
of Chula Vista.
Presented by
Approved as to form by
0~
Ann Moore
Agency Counsel
PASSED, APPROVEDth and ADOPTED by the Redevelopment Agency of the City of
Chula Vista, California, this 26 day of April 2005, by the following vote:
AYES:
NAYES:
Agency Members:
Castaneda, Davis, Rindone, and Padilla
Agency Members:
None
ABSENT:
ABSTAIN:
Agency Members:
McCann
Agency Members:
N;tQc9JY
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. 2005-1909 was duly passed, approved, and adopted by the
Redevelopment Agency at a regular meeting held on the 26th day of April 2005.
Executed this 26th day of April 2005.