HomeMy WebLinkAboutRDA Reso 1990-1057
RESOLUTION NO. 1057
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
CHULA VISTA APPROPRIATING $400,000 FROM UNAPPROPRIATED
REVENUES OF BAYFRONTjTOWN CENTRE I AND TRANSFERRING
SAID FUNDS TO TOWN CENTRE II FOR ACQUISITION OF THE
LEASEHOLD INTEREST IN PROPERTY LOCATED AT 263 FIG AVENUE
The Redevelopment Agency of the City of Chula Vista hereby resolves
fo 11 ows:
WHEREAS, the Redevelopment Agency of the City of Chula Vista
to relocate the City's Community Development Department to the
located at 263 Fig Avenue; and,
WHEREAS, said property is owned by the City of Chula Vista and
leased to the County of San Diego; and,
WHEREAS, the City and the County have agreed that the va 1 ue of
the leasehold interest is $400,000; and,
WHEREAS, the County has agreed to Quitclaim its leasehold interest
in the property for the value of $400,000; and,
WHEREAS, the
Project Area but the
unappropriated revenues
interest; and,
subject property is located in the Town Centre II
Town Centre II Project Area has insufficient
to fund the $400,000 to purchase the leasehold
WHEREAS, suffi ci ent funds exi st in the unappropri ated revenues
of Bayfront/Town Centre I to appropriate $400,000 to purchase said leasehold
interest and these funds can be transferred to Town Centre II.
NOW, THEREFORE, BE IT RESOLVED that the Redevelopment Agency hereby
appropri ates $400,000 from BayfrontjTown Centre I unappropri a ted revenues
and transfers said funds to Town Centre II to Account No. 997-9970-5517,
Rea 1 Estate Purchases, for the purpose of purchas i ng the 1 easeho 1 d i nteres t
for property at 263 Fig Avenue from the County of San Diego.
Presented by
Approved as to form by
!
~~, ~ e,-~/
Chri s Sa 1 omone
Community Development Director
S"-V-?( ./'-^f,/j--vt 0-..... YV1-vU....~Ln-----'
ADOPTED AND APPROVED BY THE CHULA VISTA REDEVELOPMENT AGENCY, this
6th
day of February
, 1990, by the followin9 vote, to-wit:
Membe rs
Cox, Malcolm, Moore, McCandliss
Membe rs
Nader
Membe rs
None
,
/j
~-~~/
Secret ry, Redevelopment Agency
"STATE OF CALIFORN IA
~COUNTY OF SAN DIEGO ss:
~CITY OF CHULA VISTA
Chris Salomone
I, ~~XX~XX~~~*~~~~, Secretary to the Redevelopment Agency of the City
Vista, California, DO HEREBY CERTIFY that the above and foregoing is
and correct copy of
amended or repealed.
Resolution No. 1057
and that the same
Sec reta ry
SEAL