HomeMy WebLinkAboutCVRC Reso 2006-036
e
e
e
CVRC RESOLUTION NO 2006-036
RESOLUTION OF THE CHULA VISTA REDEVELOPMENT
CORPORATION APPROVING AN AMENDMENT TO
EXCLUSIVE NEGOTIATING AGREEMENT WITH
CITYMARK DEVELOPMENT LLC FOR DEVELOPMENT OF
THE THIRD A VENUE AND E STREET NORTHEAST 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 CityMark
Development LLC ("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, Section 2.A of the ENA outlined an initial negotiation period ("Initial
Negotiation Period") between the Agency and Developer of 300 days, ending on May 23, 2006;
and
WHEREAS, on May 22, 2006, the Executive Director of the Redevelopment Agency, in
accordance with Section 2.B of the ENA, provided a 90-day written extension of the ENA to the
Developer and, on May 23, 2006, received written concurrence from the Developer of the
extension; and
WHEREAS, the Developer desires to continue to work cooperatively with the CVRC in
the development of a project at the northeast site of Third Avenue and E Street ("Property"),
located in the Agency's Merged 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.
NOW THEREFORE BE IT RESOLVED that the Chula Vista Redevelopment
Corporation does hereby approve the First Amendment to the Exclusive Negotiating Agreement
with CityMark Development LLC for potential development of a real estate project located at
Third Avenue and E Street Northeast and authorizes the Chair to execute said Agreement.
CVRC Resolution No. 2006-036
Page 2
P_'2: 2y
Approved as to form by
-,
Ann Hix
Acting Community Development Director
PASSED, APPROVED, and ADOPTED by the Chula Vista Redevelopment Corporation
of the City of Chula Vista, this 10th day of August 2006, by the following vote:
AYES
Directors:
Castaneda, Chavez, Desrochers, Paul, and Rindone
NAYS.
Directors:
None
ABSENT:
Directors:
Lewis, McCann, Padilla
ABSTAIN. Directors:
)
)
)
ArrEST -,
c;t,___ /((, ~.->(
Dana M. Smith, Secretary
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
I, Dana M. Smith, Secretary of the Chula Vista Redevelopment a.tion of the City of Chula
Vista, California, do hereby certify that the foregoing CVRC Resolution No. 2006-036 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 lOth day of August 2006.
Executed this lOth day of August 2006.
@.- U(. 4~
Dana M. Smith, Secretary
~