HomeMy WebLinkAboutRDA Reso 1991-1155
RESOLUTION NO. 1155
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY
OF CHULA VISTA AUTHORIZING A LOAN OF $435,600 FROM
THE BAYFRONTjTOWN CENTRE REDEVELOPMENT PROJECT
FUND TO THE OTAY VALLEY PROJECT FUND AND
APPROPRIATION TO ACCOUNT 996~9960-RD217 FOR
PURCHASE OF THE SHINOHARA PROPERTY
The Redevelopment Agency of the city of Chu1a vista (Agency)
does hereby resolve as follows:
WHEREAS,
purchase the
september 11,
the Agency has
property located
1990; and,
entered
at 4705
into
Otay
an agreemen~ to
Valley Road on
WHEREAS, said agreement authorizes the payment of up to an
additional $.50 per square foot for the twenty acre parcel for
filling and recompaction if required; and,
WHEREAS, it has been determined that additional filling and
grading will be necessary exceeding $.50 per square foot; and,
WHEREAS, the Agency, on February 5, 1991, approved the First
Amendment to the Purchase Agreement for the Property Located at
4705 Otay Valley Road which authorized the payment of an addition
$435,600.
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I Presented by
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l Chris Salomone
'I.. Community Development
. Director
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! (Reso12)
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NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency
of the city of Chula vista that $435,600 is hereby authorized as
a loan from the BayfrontjTown Centre Redevelopment proj ect Fund
to the Otay Valley Project Fund and appropriated to Account 996-
9960-RD2l7 (Acquisition Shinohara Property).
Approved as to form by
~~\A,_L~VL-~--1 ~ 1-
Bruce M. Boo~ard~
Agency Attorney-----
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Resolution No. 1155
ADOPTED AND APPROVED BY THE REDEVELOPMENT AGENCY OF THE
CITY OF CHULA VISTA, this 19th day of Februwy, 1991, by the following vote, to-
wit:
AYES: Members Malcolm, Moore, Rindone,Nader
NOES: None
ABSENT: None
ABSTENTIONS: None
Q~>>t~
onar oore
Chairman Pro Tempore
ATTEST:
~~~
Chris Salomone
Executive Secretary
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO) ss:
CITY OF CHULA VISTA )
I, Chris Salomone, Executive Secretary to the Redevelopment Agency of the City of
Chula Vista, DO HEREBY CERTIFY that the above and foregoing is a full, true
and correct copy of Resolution No. 1155 and that the same has not been amended or
repealed.
Dated:
Chns Salomone
Executive Secretary