Loading...
HomeMy WebLinkAbout1991/04/23 Item 26 COUNCIL AGENDA STATEMENT Item 2 ~ Meeting Date 4/23/91 ITEM TITLE: Report: Proposa 1 s for Development of City-owned Property at 4400 block of Bonita Road S. SUBMITTED BY: Community Development DirectorG- REVIEWED BY: City Manage~ (4/5ths Vote: Yes__No-X-) In June 1990, the City issued a Request For Proposals (RFP) for development of the City's 3-acre site adjacent to the Chula Vista Municipal Golf Course in the 4400 block of Bonita Road. By the August 3, 1990 deadline for submission, six proposals for development were received. Two of these proposals have been withdrawn by proponents. The Counci 1 revi ewed the proposals for development on November 29, 1990, and directed staff to prepare additional financial and development analysis of the proposals. RECOMMENDATION: That the City Council direct staff to bring exclusive negotiation agreement with Joelen Enterprises for hotel on the site. A list of initial negotiating points and clarification are listed as Exhibit "A". forward an development issues for BOARDS/COMMISSIONS RECOMMENDATION: Not applicable. DISCUSS ION: Of the original six proposals received through the RFP process, two have withdrawn voluntarily. The four remaining proposals are: 1. Mr. Richard Pena, park development 2. Joelen Enterprises, 200-room hotel 3. Odmark and Thelan, 96 senior apartments 4. ADMA Company, 80 for-lease condominiums These proposals are attached as Exhibit B and the original Request For Proposals is attached as Exhibit C. The proponents have been asked to provide bri ef presentations to the City Counci 1 (approximately 10 mi nutes) and be . avail abl e to answer quest ions or to provi de addi t i ona 1 i nformat i on to the Counc il . Also attached is Exhibit D, a matrix comparing significant details of the four proposals. Attached as Exhibit E is a financial analysis estimating the financial returns of each of the proposals to the City. An overview of this analysis is provided under the fiscal impact section of this report. ~,( Page 2, Item~ Meeting Date 4/23/91 PROPERTY DESCRIPTION The property is an undeveloped 3-acre parcel in the 4400 block of Bonita Road. It is bounded by the Chul a Vi sta Muni ci pa 1 Golf Course on the north, Bonita Road on the south, the Bonita Vista condominiums on the west and the South Bay Golf Cl ub restaurant on the east. The property is designated as Visitor Commercial on the General Plan and is zoned C-V-P for visitor service commercial uses with a precise plan requirement. The property is currently used at certain times as a parkin9 area for joggers and wal kers using the trail that traces the circumference of the golf course. A map of the site is attached as Exhi bit F. A map of the golf course showi ng equestri an and jogging trails and the golf course property is also attached as Exhibit G. SUMMARY OF PROPOSALS 1. Mr. Richard Pena, park proposal Mr. Pena has descri bed hi s park proposal as follows: "The use of the property should be a park for a park's sake. It would be a grassy area, with a meandering sidewal k, and the space broken only by an occasional tree or a park bench. There would be no picnic tables, no barbecue pits, no children's playground, nothing of that nature. It would be a place where one mi ght walk to, perhaps, eat a snack 1 unch, s it on a bench for conversation with someone, instead of sitting in a stuffy office or merely sit by oneself in a peaceful and pleasant surrounding." Mr. Pena has also indicated that the use of the property as a park could allow the future construction of a building to be used as a 1 ibrary, museum or cultural center. It shoul d be noted that Mr. Pena, in conjunct i on wi th Jeff Pha i r of the Phair Development Company, requested that his proposal be amended to allow the development of approximately 30,000 sq. ft. of office space, with the balance of the property to be used for parkland. This amendment was determined to be an additional proposal received after the August 3, 1990 deadline, and ha~ not been i~cluqed for analysis.in this reportlObvidOUSly, it could be analyzed If the Councll wlshes to have thlS proposal eva uate . Financial Benefits: Development of the site as a park will generate no revenues for the Ci ty of Chul a Vi sta and wi 11 requi re a substant i a 1 outlay of funds for initial development, estimated by the City Parks Department at $375,000, with continuing outlays for maintenance estimated at approximately $15,900 a year. Financing could be accomplished through Park Acquisition and Development Fees since this area would be of benefit to the general community. Pl anni nQ Comments: The General Pl an and zoni ng call for vi s itor- servi ce commercial uses on the site. }I".. 2.. Page 3, Item 2. ~ Meeting Date 4/23/91 2. Odmark and Thelan, 96 unit senior apartment complex Odmark and Thelan proposes to build 96 senior apartment units in two-story, 16-plex buildings. Ninety-six parking spaces would be provided under carports. The project is not proposed for development under the City's density bonus program. Instead Odmark and Thelan propose that 20% of the units would be kept at low-income levels (approximately $463 for a one-bedroom and $589 for a two-bedroom, based on San Diego County median income for 1989) with the remaining units to be priced according to the market, $550-600 for one-bedrooms and $675-725 for two-bedrooms. The unit sizes proposed are one-bedroom, 480 sq. ft., and two-bedroom, 625 sq. ft. Odmark and The 1 an have an excell ent profess i ona 1 reputation and are the developers of the Uptown District and Columbia Place in San Diego. Odmark and Thel an have i ndi cated a wi 11 i ngness to work with the City on resolution of all design and planning issues. Planninq Comments: Because the General Plan and zoning call for visitor commercial use on the site, this project would require a General Plan amendment and a zone change. The Pl anning Department's major concern with this proposal is the density. At 32 units per acre, the project is proposed at the highest density the City will allow in any location under its current zoning ordinance. The Planning Department's opinion is that this project is not suitable for this location. The Pl anni ng Department has not proposed development of thi s site for residential use. However, if a residential use is approved, a high-quality townhouse development with a density of 10-12 units is considered to be most appropri ate. Adjacent uses to the west are 01 der residential projects at 23 dwelling units to the acre and 16.8 dwelling uni ts to the acre. The Pl anni ng Department cites alack of ameni ties within the project as a problem, such as a swimming pool or community center. The proposal does not include public parking for access to the jogging and equestrian trail. Any residential development should be screened and pulled back from Bonita Road and the generated traffic noise, with significant internal open space and a well-landscaped setback. Financial Benefits: The developer's proposal is to pay the City $720,000 cash upon issuance of bull di ng permi ts for the project. The developer also proposes that the City would participate at the rate of 25% upon sale of the property. An analysis of the proposal, assuming the sale of the property in year ten, estimates the tot a 1 fi nanci a 1 benefit to the City is at $869,546.48. 3. Joelen Enterprises, 200-room hotel Joelen Enterprises proposes to build a 3 1/2-story upper mid-level hotel with 200 rooms. The hotel proposal would include amenities such as pool, spa, tennis courts, 14,000 sq. ft. of meeting and banquet space and restaurant facilities. ~'''.3 Page 4, Item 2(,. Meeting Date 4/23/91 The developer proposes that the hotel would include the City's 3 acres and al so the additional 4 acres currently occupied by the golf course restaurant parkin9 lot and pro shop. This proposed master planning was suggested in the RFP, which called for "land uses (that) should blend with and complement the existing restaurant/lounge and golf course uses." The 4-acre area is owned by the Ci ty and 1 eased to the Ameri can Golf Corporation for operation of the golf course. American Golf has stated its interest and support for the hotel development proposed by Joelen Enterprises. To date, officials of American Golf have declined to state the extent to which they would commit resources to the development or to the golf course. However, they have said that their participation in such a project would include a substantial upgrading of the existing golf faci 1 ity. According to Joelen Enterprises the target market for the hotel would be a mix of upper and mid-level business and professional groups, and individual and family travelers. Joelen states that 90,000 guests per year are anticipated and that the hotel would employ 170-185 people. Joelen has indicated a willingness to work with the City on the design of the project and to provide parking for public access and museum space for a possible Bonita historical exhibit. Joelen is currently developing the 450-room Lowes Coronado resort adjacent to the Coronado Cays in the City of Coronado. Joelen has indicated that a potential exists for linking a Chula Vista golf course resort to the Coronado resort. Pl anni nQ Comments: The Pl anni ng Department favors a hotel development over the other three proposals. A hotel shoul d be des i gned in a manner consistent with the character of the area, coordinated with the redeve 1 opment of the adjoi ni ng four-acre site, and retain an appropri ate staging area, here or elsewhere, for the hiking/jogging trail. The development would be in keeping with the existing General Plan designation for the area and the visitor commercial zoning. The development would have the advantage of master planning the City's 3 acre parcel and the adjacent 4 acres. This could provide for a single entrance to the property al igned at Otay Lakes Road. In the Planning Department's opinion this single access at Otay Lakes Road is highly des i rabl e. The height and architecture of the proposed structure is a concern to the Planning Department. At 3 1/2-stories and with a contemporary design, the hotel as proposed is generally out of character with the Bonita community. View corridors into the golf course could be designed. though the Planni ng Department woul d st ill be concerned about the overall height of the structures. Financial Benefits: The financial benefits accruing to the City from the Joelen proposal are estimated by the developer to be substantial, being in excess of $1 million per year at project stabilization. It should be noted that thi s est imated benefit is predi cated on market assumptions which need further study. The developer assumes an average room rate of 2J,-tf Page 5, Item ~(. Meeting Date 4/23/91 approximately $135 per ni9ht with occupancy rates in the 80% range. Whether or not this development can generate room rates at this level and consistently hi9h occupancy rates is a question that must be addressed by a thorough marketing study. This is a point upon which staff, Joelen and any potential lender would be in agreement. The Joelen proposal would lease the City's property for 66 years and include an option to purchase the property during the fifth through the fifteenth years. Payments on the lease would be based on revenues generated by the hotel. Development of the hotel would take two to three years, with a two to three year period before stabilization. Joelen has proposed a percentage lease comparable to the lease arrangements used by the San Diego Port District for its hotels along San Diego Bay. Joelen has proposed that the City would receive the following amounts on an annual basis: 6% of room income, 5% of beverage sales, 5% of banquet/meeting room rentals, 3% of food sales, 10% of retail sales, 10% of telephone income. Joelen's estimates of gross revenues and payments to the City appear to be reasonable based upon comparable leases maintained by the Port Di stri ct wi th its tenants in hotel properties on San Di ego Bay. For example, revenues for the first half of 1990 to the Port District from the 300-room Le Meridian hotel in Coronado were $868,508, not including Transient Occupancy Taxes. Port revenues from the 136-room Half Moon Inn for the same period were $493,164, again not including TOT. Joelen's estimates of the lease value at $3 million also appears to be reasonabl e, based upon comparabl e 1 eases gi ven by the Port Di stri ct and assuming that lease payments continue until at least 2002. Joelen claims stabil ized annual revenue to the City of $662,087 as a percentage of gross income pl us Transi ent Occupancy Taxes at 8% of room sales for an additional $586,531 for a total of $1,248,618. However this revenue estimate is for the fourth year after development and stabilization, which may be as late as 1997. Assuming a positive marketing study and development of a successful project, the lease proposed by Joelen would appear to be favorable to the City for the generation of revenue at a high level for the next several years. However, Joelen claims that a purchase option included in the lease is necessary to obtain financing for the property. Joelen has indicated that other arrangements to satisfy lenders may be possible, and it is staff's recommendation that the lease exclude a purchase option. The purchase option presents two difficulties: 1) the sale of the 3 acre parcel; and 2) the sale of fee title to the additional 4 acres now part of the lease to American Golf. The purchase option presents the possibility that the City would actually receive a very limited amount of revenue from the project. A scenario can be imagined with development of the project taking two to three years, stabilization taking an additional three years, with the lessee exercising their option to purchase in the %f. .5 Page 6, Item Z/, Meeting Date 4/23/91 fi fth or sixth year before the City begi ns to recei ve the full value of its percentage of gross income generated by the property. Such a purchase woul d pay the Ci ty some determi ned fair market value for the land. However, this would eliminate the possibility of receiving an ongoing income stream from the project and also eliminate the City's interest in, and potent i a 1 for, control of the entry and start i ng poi nt to its municipal golf course. This sale would also leave the golf course pro shop, restaurant and golf services facil ities in private hands as opposed to maintaining some public control through a continuing lease. Other Issues: Museum: Joelen Enterprises has committed to the use of part of the hotel for a Bonita historic museum or display. Joelen has also indicated an interest in working with the community on the design of the hotel and to provide public access and parking for golf and the jogging and equestrian trails. Golf Starts: In order to function as a golf-based resort, the hotel will have to reserve blocks of golf starting times. Joelen Enterprises has stated that the impact of such reservation of golf times for hotel use would be minimal. However, a clear determination of the level of impact that the hotel would have on the golfing public must be made available. Golf Course Improvements: Development of the hotel could also provide an enhancement for Chula Vista golfers, if done in conjunction with American Go 1 f Corporat i on. As was stated earl i er, Ameri can Golf Corporation has indicated an interest in upgrading the existing golf course and improving the golf facilities in the event of the hotel development. The pro shop, restaurant and associ ated facil it i es woul d also be upgraded by the hotel development and the golfing public would benefit from these improvements. 4. ADMA Company, 80 for-lease condominium units The units will parking garages. Bonita Road for a acres) . Adma Company is a Chula Vista-based firm, with substantial local development experience. Adma has developed property on the south side of Bonita Road and is familiar with the Bonita community and market. be in 3-story buildings over partially-subterranean Adma has al so proposed providing the area fronting on public park and 28 public parking spaces {totalling .87 Plannino Comments: Because the property is zoned visitor/commercial, the Adma proposal woul d requi re a General Pl an amendment and a zone change. At 37.6 units per net acre (excluding the park dedication) this proposal is viewed by the Planning Department as being too dense for the site. It should be noted that the proponent believes the density calculation should be made using gross acreage, including the park area. This calculation yields a density of 26.7 units/acre. A more suitable density 1./,-fI Page 7, Item 2 , Meeting Date 4/23/91 would be 10 to 12 units. As proposed, the project calls for direct access to Bonita Road. On this curve at Bonita Road such direct access could be a traffic hazard. If possible the development should share the existing golf course entrance and exit. The 3-story height of the development is a concern to the Planning Department and would not be in keeping with other developments in the Bonita area. Virtually all other developments in Bonita are 2-stories and under. The view corridors to the golf course through the development are a positive design feature, as is the small park proposed by ADMA. However, the parking for the publ ic does not appear to be directly associated with the park. ADMA has committed to the maintenance of the park and to its development. In the Planning Department's judgment, such a park would most likely be used predominantly by residents of the project and should not therefore be considered as a public amenity. Financial Benefits: ADMA Company has proposed a cash payment of $1 million for the property. Including property tax revenues to be generated by the 1 and and buil di ng value, taken at a net present value for 10 years, the total estimated value of the ADMA proposal to the City of Chula Vista is $1,119,151.75. Adma has also indicated a willingness to structure payment as a long-term lease if that is the City's preference. Other Issues: Adma has stated that it woul d locate a Bonita hi stori cal museum wi thi n its project. Sweetwater Communitv GrouDs A joint meeting of the Sweetwater Community Planning Group and the Sweetwater Valley Civic Association was held on January 30, 1991, to review presentations by each of the proponents for development of the Bonita Road property. The comments by citizens from these groups have been incorporated into this agenda statement and into the staff recommendation. Specific issues raised by members of the two groups were: 1. Concern about a possible loss of parking space on the site for joggers and walkers using the jogging and equestrian trails. 2. Concern about adequate parki ng for any project bei ng developed on the site. 3. A request to include a Bonita historical museum in the development. 4. A request for appropriate landscape treatment of the project and project entrance, and a request that the entrance to the project be aligned with Otay Lakes Road. th~1 Page 8, Item 2 '- Meeting Date 4/23/91 5. Concern about impact of any development on the golf course. 6. Concern about traffic to be generated by the project. 7. A request that drought-tolerant landscaping be used. 8. A request that any development preserve and enhance the exi st i ng trail system. 9. Concern about the possibility of having any kind of commercial use on the property including a restaurant. Parkina for Golfers and Trail Users A major concern of the two community groups is the availability of parking for golfers, joggers and users of the golf course restaurant. A survey of parking use in this area was conducted by the City Parks and Recreation Department in June of 1988. This survey and results are attached as Exhibit H. The survey was conducted for one week, with all cars and people entering the parking area asked about their use of the area. In addition, at two-hour intervals a count was made of cars parked in the paved area around the golf course restaurant and cars parked in the vacant three-acre parcel now under consideration for development. The survey reveals two important points. First, the available parking area is used in significant numbers by people for access to the jogging trail. The survey shows that the number of cars and people entering the parking area for the purposes of go lfi ng generally exceeds the number of cars and peopl e entering for use of the jogging trail, however, this difference is not great. For example, on the Monday surveyed from 6 a.m. to 10 a.m., the number of cars entering the parking lot for golfing was 174. The number of cars entering for use of the restaurant was 40, and the number of cars entering for the use of jogging was 157. On the same day, from 2:00 p.m. to 6:00 p.m., 116 cars entered for golfing, 7 for the restaurant, and 103 for jogging. As can be seen from Exhibit H, these results are fairly typical across the week long survey. The second important poi nt to be gai ned from the survey i nformat i on is that while the existing paved parking lot is heavily used by all three groups, golfers, restaurant users and joggers, the use of the unpaved area for parking is relatively small and, according to the survey, cars parked in the unpaved area often coul d have found parki ng spaces in the paved area. The total number of spaces available in the paved area is 213. The survey shows, for example, that on the Friday surveyed between 6:00 a.m. and 8:00 a.m., 42 cars were parked in the parking lot while 10 cars were parked in the dirt. Between 8:00 a.m. and 10:00 a.m., 196 cars were parked in the lot and 13 were parked in the dirt. Between 10:00 a.m. and noon, 201 cars were parked in the parki ng lot and 5 were parked in the di rt. Thi s pattern ~~ Page 9, Item ~~ Meeting Date 4/23/91 continues throughout the survey. There are occasions when all 213 paved spaces are taken and the dirt area must be used by cars for parking, however, this need for overflow appears to be limited. Observation of the parking area by City staff in recent weeks has shown that even at peak hours of use, approximately 8:00 a.m. to 10:00 a.m., generally there are sufficient parking spaces in the paved area to accommodate cars now using the dirt area. For example, at 9 a.m. on April 10, 1991, there were 48 cars parked on the dirt. There were also 61 spaces available in the paved parking area. Assessment of Service Costs At the Council's last review of these development proposals, a specific request was made to estimate the cost to the city of providing services to each project. Staff has attempted to investigate the costs associated with the projects. However, as an "in-fill" project built in an area with a complete infrastructure, any development on the City's property would result in negligible marginal costs to the City. Costs that would be incurred, such as sewer capacity, would be paid for by fees. These fees are based on dwell ing unit equivalents for various kinds of developments. Other kinds of services provided by the City, such as fire and pol ice protection, would be provided with existing City assets and paid for by taxes generated by the development. In an area such as EastLake or Otay Ranch, it is poss i bl e to determi ne on a large scale the costs associated with a variety of land uses. In these areas, prior to development, consulting assessment engineers are employed to determine as precisely as possible the appropriate fee levels and infrastructure requirements for various kinds of developments. Exclusive NeQotiation Process If the Council selects one of the four proposals, the process for development would begin with an Exclusive Negotiation Agreement. This agreement would be submitted to Council for approval and would give the proponent the exclusive right to negotiate with the City for development of the property. Norma lly such an agreement runs for 180 days. Duri ng that peri od, speci fi c development, purchase and/or lease points are agreed to and then submitted to the Council for approval in the form of a Disposition and Development agreement. FISCAL IMPACT: The fiscal impact of each proposal is described below. Because some of the developments propose payments in the form of a percentage of operating revenues or with City participation in profits at sale, these revenue estimates will vary by performance of the projects and market conditions. t4-'t Page 10, Item 2' Meeting Date 4/23/91 1. Mr. Richard Pena. Dark orooosa1 Development of park land is estimated by the City Parks and Recreation Department at $125,000 per acre. Maintenance costs are estimated at $15,900 per year. Revenue loss to the City, therefore, for park development is $375,000, not including ongoing maintenance costs. 2. Odmark & The1an. 96-unit senior aoartment como1ex The developer proposes a payment of $720,000 for the City's 3-acres ($5.52js.f.). The proposal also calls for the City to receive 25 percent of profits at sale. Based upon average rent rates of $500 for one-bedroom units and $650 for two-bedroom units, and assuming a 10-year pay down of an 80 percent loan for project development, estimated City revenues of $141,253.18 are projected. However, the market value of the project at some future date is speculative, and the profits to the City could be higher or lower. Tax proceeds have been fi gured assumi ng a val uat i on of 1 and based on $5.52js.f. and building valuation based on standard building valuation rates used for permit assessment. Total revenue to the City is estimated at $869,546.48. 3. Joelen Enterorises. 200-room hotel Revenues from this proposal are quite speculative, and are based on a percentage 1 ease. The Ci ty wou1 d recei ve revenues from three sources: 1) a percentage of operating revenues; 2) Transi ent Occupancy Taxes of eight percent on room sales; and 3) property and sales taxes. Staff analysis has assumed that 1991-1994 will be required for planning and construction, with the City receiving only property taxes from land and building valuation during this period. Beginning in 1995, we have assumed that the City will receive 25 percent of total estimated lease proceeds. In 1996, we have assumed 50 percent of total estimated lease proceeds, with full payments from project stabilization beginning in 1997. Full lease value has been computed assuming 200-rooms, leased at an average of $90 per room, with a 75 percent occupancy rate. This rate is a conservative compari son with average room rates at resort-type hotel s on San Diego Bay. The Le Meridian in Coronado, for example, has average room rates of approximately $165 per night. The Half Moon Inn on San Diego Bay has room rates averaging $110 per night. Revenues in all other categories have been taken from the Joelen proposal. Again, these revenue rates appear to be reasonable based on comparable Port District 1 eases and revenues from comparabl e hotels. Actua 1 revenues wi 11 vary depending on the success of the hotel at stabilization. :I-ID Page 11, Item 2./' Meeting Date 4/23/91 Using these assumptions and discounting the revenues back to a Net Present Value yields an estimated lease value of $3,014,339.24. As has been previously discussed, the Joelen proposal includes a purchase option for the 5 - 15th years. If the option was exercised, the City would be paid for its three acres. The City and American Golf would be paid for the additional four acres, with American Golf receiving the largest share because of its long-term lease of the property. Property taxes have again been assumed based on market valuation based on standard permit valuation and construction standards. 4. Adma ComDanv. 80 for-lease condominiums Adma Company has proposed a purchase of the three acres for $1,000,000 ($7.65/s.f.l, the highest cash outlay of any proposal. This would be supplemented by property taxes to the City, payment of which has been based on building permit assessment values of construction and on the per square foot land price. Adma Company has proposed astra i ght purchase of the property, but has i ndi cated a wi 11 i ngness to enter into along-term 1 ease of the property if that is the City's preference. Including cash payment and revenue from property taxes, the Adma proposal woul d result in revenue to the City of an estimated $1,191,151.75. WPC 4696H tl-I( EXHIBIT "A" It is further recommended that the initial period of this exclusive negotiation agreement be devoted to clarifying the following issues: I. Is Ameri can Golf wi 11 i ng to commit to a joi nt venture development that would replace existing golf course facilities, and master plan the entire golf course entry. 2. What will the position of American Golf Corporation be in terms of ownership and operation of the proposed hotel development and what commitments is American Golf prepared to make for the improvement and upgrading of the golf course as a condition of its participation in the project. 3. That staff should pursue a long-term lease of the property to Joelen Enterpri ses. The 1 ease shoul d be structured to avoi d a purchase opt ion by Joelen Enterprises, while still making financing of the project feasible. 4. That Joelen Enterprises be required to include within its development an area to be used as a museum for hi storie documents, photographs and artifacts important to residents of the Bonita Valley. 5. That Joelen Enterprises in planning their proposed hotel development be required to specifically address the needs of the community for parking and access to the jogging and equestrian trails. 5. That Joelen Enterprises clearly define and attempt to minimize the impact of hotel golf reservations on the use of the golf course by Chula Vista residents. 6. That Joelen Enterprises will conduct a marketing and feasibil ity study for the use of the site as a hotel. This study must be conducted in a manner and by a consultant acceptable to be City. WPC 4697H tl-- /Z _,'r REQUEST FOR PROPOSALS FOR DEVELOPI1ENT AND PURCHASE OR LEASE OF REAL PROPERTY ON 4400 BLOCK OF BONITA ROAD %"'13 [}tHIsn II c REQUEST FOR PROPOSALS FOR REAL ESTATE DEVELOPMENT BACKGROUND The City Council of the City of Chula Vista is seeking proposals for the development of vacant city-owned parcel of land comprising 3+ acres adjacent to the Chula Vista Municipal Golf Course. The proposed land uses should blend with and complement the existing restaurant/lounge and golf course uses. The undeveloped property is bounded by the golf course on the north, Bonita Road to the south, the Bonita Vista Condominiums on the west and the South Bay Golf Club Restaurant on the east. The adjacent facilities to the east include a compl etely furni shed restaurant, lounge, and banquet hall totall ing approximately 15,000 sq. ft. along with an improved parking lot. At present, the restaurant is leased by the City to the gol f course operator (American Golf Corporati on) for a maximum term of 30 years. (The 1 ease has approximately twenty-six (26) years remaining.) 21,1'1 REQUEST I. PURPOSE AND INSTRUCTIONS A. The Ci ty of Chul a Vi sta is seeki ng proposals for the long-term lease or purchase and development of approximately 3.0 acre site located on Bonita Road adjacent to the Chula Vista Municipal Golf Course. The parcel is bounded by the South Bay Golf Club. Restaurant on the east, Bonita Road on the south, Bonita Vista condominiums on the west and the golf course on the north. Because of the 1 ocati on of the property, se 1 ecti on of the successful bidder will not be based solely on financial considerations, but also on the quality of the proposed development and the abil ity of the proposal to blend in with the surroundi ng area. B. All proposals must include completion of City forms D and E attached hereto. C. All proposal s for the purchase or 1 ease of the subject property must be submitted no later than 5 p.m., August 3, 1990 (postmarks are not accepted). The proposal shall be del ivered in a sealed envelope marked "Proposal for the lease/purchase of Real Property." Bid documents or questions should be submitted to: Lance Abbott, Community Development Specialist Community Development Department 276 Fourth Avenue Chula Vista, CA 92010 (619) 691-5047 D. Proposers are requested to submit the original and three (3) copies of the proposal. Successful bidder may be required to submit additional copies on request. II. PROPERTY DESCRIPTION/INFORMATION A. The subject property includes 3+ acres of land, is within the incorporated boundaries of- the Clty of Chula Vista, California, Parcel 2 of Parcel Map 958 of Chula Vista, Assessor's Parcel No. 593-240-24, and is located in the 4400 hundred block of Bonita Road (see Attachments A and B) B. The site is presently zoned C-V-P (visitor commercial). A copy of the City of Chula Vista C-V-P zone requirements is attached (see Attachment C). -2- ~/S C. The City is not walvlng any fees (such as development impact fees) or other permit fees normally required as part of its development process. D. Prospective proposers are urged to contact the appropriate City department for informati on concerni ng proposed development of the property. The 1 essee/purchaser must be assured that the property meets anti ci pa ted de vel opment needs/requi rements as the City assumes no responsibility therefor. E. The information contained in this document regarding property description and location is believed to be accurate and correct. However, the City of Chula Vista assumes no responsibility or liability for its completeness or accuracy. II 1. PROPOSAL All proposals should include the following information: A. The complete name and address of the individual, partnership and/or corporation submitting the proposal. B. Terms and conditi ons of 1 ease payment/purchase pri ce which the successful proposer will provide to the City. C. A written statement and supporting conceptual plans describing proposed land use, number and type of units, square feet of commercial space by type, approximate building heights, a preliminary site plan indicating landscape areas, parking, circulation and access. D. A statement of qualifications and resume of developer, including a summary of similar completed projects, which may include up to five photographs or color slides. E. Projection of financial benefits to the City including the number and type of jobs that will be associated with the development and any anticipated revenues to the City. F. A proposed time table showing dates for negotiation, sale, plan processing, and construction, along with evidence of financial capability to complete the-project on time and according to plan. G. A completed waiver indemnification agreement (Attachment D). H. A completed disclosure statement (Attachment E). I. A completed statement of qualifications. -3- 11-/~ J. Th ree ( 3 ) Successful reques t. copies of the complete proposal must be provided. proposer may be required to submit additional copies on The precedi ng items shoul d be numbered and submitted in the order set forth in the RFP. IV. QUALIFICATIONS Potential buyers or fi nanci a 1 abil i ty to proposed development. lessees must satisfactorily demonstrate their purchase the subject property and construct the V. SITE PLANNING It is the intent of this proposal to encourage a project which maintains the integrity of the exi s ti ng community and nei ghborhood. Eva 1 uati on criteria will include, but not be limited to consideration of: A. Maintaining the integrity of the adjacent developments and the environmental quality of the Bonita area. This includes the municipal golf course and the South Bay Golf Club Restaurant. B. Providing a suitable easement for the relocation and continuation of the existing jogging/equestrian path which currently traverses the parcel, and accommodati ng exi sti ng sewer easement traversi ng southwesterly corner of site. C. Preferred land uses include the following: 1. High quality resort complex including restaurant/lounge and limited related retail uses. 2. Other uses which may, in the developers oplnlon, better market opportunities including professional residential apartments/condominiums or mixed uses. provide offices, D. Land uses which will not be considered: 1. Reta i 1 stri p commerci a 1. 2. Uses such as a miniature golf course, fun centers, water slides, etc. VI. ADDITIONAL INFORMATION A. The successful proposer will be required to comply with all City of Chula Vista and other local, state and federal requirements. It is anticipated that the development process will include, but not be limited to: -4- ~--(7 1. Environmental and design review 2. Grading, building permits, etc. 8. The bidder should expect to have access only to public reports and public files of the local government agency in preparing the proposal. No compilation, tabulation, or analysis data, definition or opi ni on, etc. shoul d be anti ci pa ted from the City other than those included in this document. C. Thi s Request for Proposal s does not commit the City to accept any proposal or to pay costs incurred in the preparation of the proposal for this request. Further, the City reserves the right to: Accept or reject any or all proposals received as a result of th i s reques t. To negotiate with any qualified source. To cancel in part or entirely this Request for Proposal. To require the proposer to participate in negotiations to submit such price, technical or other revisions of their proposal as may result from negotiations. D. The Ci ty, through fees or permits process. this Request for Proposals, is not waiving any normally required as part of its development E. The City reserves the ri ght to requi re a development agreement for thi s property. VII. BID OPENING/SELECTION PROCESS A. Bids/proposals are to be submitted no later than 5 p.m., Friday, August 3, 1990. Proposals wi 11 be checked to insure they are complete and meet the minimum requirements of the City. B. All bids/proposals will be further reviewed by a "selection panel" established by the City. The panel will narrow acceptable bids based on, but not limited to, consideration of the following: 1. Lease or sale value 2. Proposed site plan 3. Compatibility of the proposed site plan with adjacent developments 4. Compliance with the criteria included in the Request for Proposal 5. The overall cost benefit of the proposal -5- :;i-It C. Finalists may be invited to participate in a more in-depth review and discussion of their proposal. D. The final selection will be made by the City Council. The successful proposer will have the right to enter into an exclusive negotiation agreement for a period of up to six months for the refinement, completion, and approval of plans and approval of financial terms and conditions. It is anticipated that a deve 1 opment agreement and/or escrow wi 11 follow successful completion of negotiations. For further information, please contact Lance Abbott at (619) 691-5047. WPC 4445H -6- 7ft 01 1'1 ~;, ;. sw CITY -' t ;"- ___ I , I , , , ~-------j . : , , " " , '----i A.., '...--, . ..: . '1 r-.-, I ., I I I , . / , , , ,rA11~,~MENT 'I , . ...l I, ''I_ I, . VISTt\ ;!.~r~~:..n:~:".:-:.~.t'..J~_~'~r";~~~7'.--%~""J:~_l~;,:.J~ ,)-:. ....:.':'"-::.j.:J. I" ".'-.;'; 'J.':;)'h"w-rJ':~~:...)'s':~.~~!J"f_/..J,)'1'''' ~J<:,.-!t-.,.. :(,. .,I.. ., ~~-.J -,..,I~___ '''J,:",.,...-~.i-j-!.~::.. ~...;",,::.__;"'..,;.j-~...~, 1;)j,~.~.....,~ :o~... /j"."J....-: -!-~".J':... 'f:' . I .. '~""J ~ J:-.~d~~.j:r-Y~,J~J""1~.-::'j ..~.~J~,":,,-,"":..~ I..J ~."J ........ :.;~j ...-!~j~ I:SFD:S i ~'E'D .if."J?g FRED H. ROHR PARK :;::/:;:" :- ; ..r..J-!...... . __ _,.._j....._ . .........,..._ >J I.. ,",_ I .,I .,OJ .., oJ,., ......J... :.,l.......~.j... ._. _.' -!,:J..,I;j--V",; ..h...;,..:.,.... oJ '''. ....,j........r... ..J J J.if3' J. -J'.(... .:......J...... JJ;'"" ..). . '", :....... J,.I ...t.....; ...1. ;'J..rj '-:' ':.\"::J . SWEeTwATER REGION"!. o'ARK '.1 :.JJ.;r)~.J...a'.,J.i'", .J..oJo,J_. 4~' ";'~~;;'~.~ _ ':.:'_ J .....1_..../... .,....J,.-.ilJ.,r '" r. . .J-,.)._....;A.-.I....... ~-'~-'.....;~)..J~..J~. "~~'j. J ~.... r-J.JoJ'.1 ;i.. ~'):"""',. . "...;'....._ ..'.1 -'.J-'.-..,J ' "',.I' _J.;;.J...... ~.).Jj/j ~......._.,.-I .1':,'..1' J.,J J ~./'.I_J'..."<,," j' . ,~",")J";"-:' .ril::':~..~ ~":S-'''' ''':1-.J,::,,--;~ ...I,:;... ".,... .rr: --: -'..I ....:,. ..I...'_:J..!, ':J.':;-:~:'-,_::; -!J. ':'.;':i.:';'..i -' . .' 'j) ..j_':;).~~;....,. 4.....,. ... ~;;.j.~'J. J:,;"':,~)~ u. ~.~.~_ ~.-:J ~. -!...J..~:...f~ ..J; ~}.'......J.J-r.),J.I..."J_ ~ '~JJo.,.I)...... .J\.JJ~.,JJ"""oJ .,.......~/..J.J~)Jf:',_. lJo.J'-_j.JJ ~ ,..r . ,~-,"'..J.~'" ..I) '1',', ..- . '-'v _..}.....; ...,...., J..J) ._. ~J...J'" ..'r. .... J ' .. .,I.J:: -'~' . . r..'-!. :.. -. '. ..~..I-'..... ..-;'......,'...-:.. J -.;:J - :.J,,) 'J .....'Jr' JJ .....;-....'.J . \~'J _~'..J'.'.1 /.-'0" ...-~, ".1. .... ..JJ'''; J J.,. ....,...:'.J...,....J-;..'.J:...J~J:/.;... :s..J..t..,J..-'~..J:.....J.;':..J.... .~..; ............ .J..._~.:J_,...:)::,............ ':::"-:'.,jJ .1-'....,.,.;..,,!, .J~' ~:,' ~'.I"":'.I J)~,j~J J...) " -'.').... ;-.~::rjJ..it. ~ oJ..J.)'10( ..,.J.....~..~. ."J . -l.-.LJ ..'...;;' /.r) -....~'1...t.J",_~J'._UJj,., J:;, "'oJ..} " J.._... ..J .~~..J..., oJ .1'" .",;JO~'-J..J"'..J .rl:.!' ..};~..., ~J'~ .;: . .)...J,~;."J....JJ._. ~~;.. _~...'" i:' -. I.':I-"j .. J...~,JJ~.,.:i'.._lJJ I;.J"?'~ '.;......~,,_... .. !~~/r _,.... .J-:.J..J~_..;;. ~ t J'"' "'.jJ."f .:'r~:;'''''}' .....:..:c....-{ Jr.....J '/i.".'O":'; :.:. ..~..L- ).,..1; _'~ ....~_I..J..... r' .;.~-, " '" " I' or '.1- ::"i';,'.JJJ""'I.i.JJ.: -:' )0..... lJ_;.'.....I~.~~. ; .,,/"'.h .,..J -::,.;........~~ J:....- .'-I'~j..J-.~jJ.JJ',J.'...'-:"""...".:... ,,' .f:.". '.J'..r'I".J -:"\' .:j; 'Jr_,:.. ';..J..;..:.._:.....,...;...,..I.J.~J..:.r~J., .."I...J...../..j,,,.j,'.~j_-";.. .,....1"..' -:",,'j':'.-;'x - .1. ."':::P..J :'.:"h--'J~ ..J.: J'~ ,,-~.~ '';: '-?j 1 :;:~:'~~: .--::-;.-'?'...; Jj'''''.,:''''' :.:J:") ';' ,':1J"'\-',JJ.,)~'~/l':I.;'.::'::" J) ~";..r:,"~j '~"~::"~:"'" J..,:' :. ..I':" .J.. J _ .' - '..Ij~~., ,lJ"!,...J.1...,;. ' ~ oJ ".'.1....... ,J".:,'~' .Ii .:~'.,.J,.,_....' J....,-:., JL'--1..J..Zl/.V.,....,- ....J_...,....."J.;:..JJ".J)..."."'..jJ'~_. _ __ J",J~JJ .J.J~.~I~:..:I.::.'_...~..:/i.\)..J.:,,.;J".i!/4...::./.J.I..J...-.....:~.j:,:;!.J;:- "'...,.,., J70Cr.:os' ''':'0;'' ?'V...... 'J. s' '.I.;t;t)RJ..~.;;.: ,).~-j~.~.1'!:.,.:J.; ~:::... ... .I....~,...-J.I' ...I.....'N..1 .....)~.,..J-_..... ""J'A.. .In: ~ '''''''. _' .J-,}.".... ..._...... ..J.' ,_...,;...~.-::.:....~.J....v.T...1.iJ J.~;)J",i:;~~.J...1 J."._I_.......;..J../~.'.J'_.~'...-'.-' . -~, - ~.' ..~.) _ "'/-;-::_;:::'.JJ_..~';.:::."':" ';'.'~:"':!:,':':~";Jo~;j j~;;~::J.;:J/ /<,-::;-: J~,.';.;;";'?,~-.i.:;:'~~~.. aOMMERGJAJ.: r<;'~V~1?)<>; J..;~;.JJJ::',~-/: >;;~~1~,~';~\J..f:;~~::~~~~;:~:;;;' d:~E~:;; ~ :~:~~.{,-..,,:::'~: :/;'--, ~,~~~;~:'} {.;;J!.5:~~j/;):. :;:"'J .... ;-..~,,~ .".J,'-~,,!:.;>/ "'.~: :'-:. .:;;-':_':'-.'J~, '.)0..,;) .'.~.J-- ....~_.....J J.,.......1-I J.t::1:::z...I'~':O:~'~'''' I:~. :'j 'Jj'''~J..-JJ'y!-?..:' rUU'L^ VISTA ~:. . .J..I. :-::1:, I':!. -D ,).'J1 .JJ.lo..' . -r-:\J"'~'Q'"' .,oJ J.-....)" " '..,.1..1 '."J"'):"'J "J:')"~. ........ ~ j.t: ~-:";;'.',9.' ':J~ ..JJJJ",: .'. ,..' I ,.1.1.- ._I.:........y.....;.JJ, oj"j_ ~_ ~J..,/.;.,,;,.., .J :..(: .:.;"- ;.(.....~;:~-..<.t.~'...~ ; ;1,;::.,... -',)-; -~,-~~t ::,::-:);~~t:~.~.,.. ..~.~/..;~.<;j.'~.(~~~.r~::z~.; M UN I C I PAL ~J ,J,J")oJJ.').'._"". .,.- . - J ..~ J~'._"J ,. J>J<.,J~ J.'.':":i;,( GOLF COURSE ;' '~"."'''''j:'''''''''.''.i.';_:;~':.,.. .'.I"./..:.-~~~-:J'r~'. 'J,>:j:.~., .Jo, .. ~ I" ~~,~"- .... i~;;Ji!~!~rI~~?t{f.Y; . .BONITA VILLAGe. -'11.-0- . '.\-C~TER~....i. ,----- \'-, l___ \ \ ":u,-,,,-,, .J -0 ..--, , " -------;-' - '--l ; . -, . " . . -------- '-- --. , . .J LOMA PASEQ -' 0 0 '" '-' '" 400 <, w -' .J q , " , , 0' 200' l..~~___ : ~ - - - ..... ~E'~" A ll~N , . , \SERV. STA. BONITA 1 !::ENTRE EAST C'C.p I , , CONDO'S (33) BONITA - - ~">f/)o, v-}V )o~ r ___ , - -......--._~- ;I "1 -------___....:l , ." 4 , " "If , " I I. , .. . -.., r---- +-- -,_: JtI :. " r;---~----~1FEED :i : : ~D ~BARN _ ~ 1 I . . _..;1 I I -------1 -----T -- ---. ;j '1 " _____1 CENTRE - - - --~ VAC. , R.3,P'S ,. . , f ---<f~ I / R.2'20-D / E:{HH3aT B !'''- - c. f\ o GPA - 8J-4/PCZ-84-A II Land Use and Zoning II From "Parks a Public Open Space" I' ...... I and A-D to VISitor Commercial' a , . C-V-P for approx. 3.5 acres ~ '~~--'\'l ",f .J\ I' ~.~ '-'{\ r: '1.'P~..,_\ -~p I' \ I' . ,\ .\Y" . ~ ..,. - - ,; - - . , .' ' " ' . I---r,' u \ ,~,~ ;' -k "" ii''* , _"",.r' -,",,'" ~ .".", ,. ' _....". d' "," 4 ??~,,'c' /~ ..' .. ..';;:''' -' > ".-j:, ;,.. ,~,--, ., .' . 0' \_....,'.... _.~~"C,,;/' \..' , .,O\'~--- ~< " ,~'" \ ' ,,"o~o" . ".," ' ;>-cc.t<;'S 17. ... , .,.-.. -,,' " '" -' : , " ..,.. .. \ \ ~ '----/~ ~. ',; "'-. / // <t ,t \0 \ / / < .- ' I , " . ~ " II '. '.,' " ,'. , I 10- , , zl '.' . ~. )' ~I ~!/( ~III' - ~I/;: I of' ..~_.. -- - ~(ll J :___h th." 0_ ,._~.J' I . " , i "/ l'",',:;:- ..~ I $f.\AoT. II c-: I -II ;1 I ;\ ! CD.II I :: I i .. ' \ \ ATTACHMENT B p'~;j. 958 '\1_ , . '... _~ 289.98" _'~~~~}~~~-tM- .'.,~ L / _._ ,. __,.... -'t. ,-"'.. I I _'::~:"_ _ .,.::<.".... _". N Og. _' .. '.'''1 -./ 22'30. ~ S'::E3S-' _;.._-.-~.'_~'__ -N) .:.1....':'- . E . EA. .' ../--.-. .. ...., ., EWE; ;;!,l>;:;:.~~:.;;';:~:~'~~:" : : ::,- .:'-- /--;;--1" . - . '. . . . :: - ; :,0:-:':0'0':: :.:.: " .~l41 _ <J~1/ . ,/ p / .// i I if // //~~./ .;.,"J' 0-"""" \ 0- \ ..-\-., \~".-" .~_.I'--' ...., ,,:"'..... . "p' .".. \ ". ..\.r""'"" .. ~:' . )\.\~. ...~~~ ~ '. 'p:,'~i'R?~~~~~. ;. \ 0" ~.\o o' I 0"\ / 0-\ 0. r- \0 ". ...; \ ..~..~(,.,p) ......"...... . "" . ,-y<--- . .", c, .' / , , I / , , / /. .;,~" ."\__#'0# ""---69-- "00 \ \\0"- l';0.' '. ----:~' ~ ....\ \'. ,..-":-':. c---: -:-- /-'s,\..-o.~o';-'E ~02;... .~.~>~/ ..' Q Y..... /~I.~ ." ,A~-~--'<'" l: t. J ., 1_--" ..._---;...----..~.. 1.'~ (.,~;.--\ >' ~ . .;, 1, ~ .;~~('".. " ~)~~~\: /' \. t"'~ ~ s \0.10. 'to # '< \ \' \ ~). ~ ~ c-".-.....,~... : -~~ o ". "'. -::l '.oj ~- . . , . o " ; , ~ o . i. " '- , );\ Ij \'-\ \ .:. \ ?'."'I.. ,'" 00j co\j\'\Sr:. r>J'.\'l.'f-\\,-\0 UJ\ ,. 2#.. fit "-c,'. [) Sections: 19.38.010 19.38.020 19.38.030 19.38.040 19.38.050 19.38.060 19.38.070 19.38.080 19.38.090 19.38.100 19.38.110 19.38.120 19.38.130 19.38.140 19.38.150 Chapter 19.38 C-V - VISITOR COMMERCIAL ZONE Attach. C ... Purpose. Permitted uses. Conditional uses. Sign regulations. Height regulations. Area, lot coverage and yard requirements. Setbacks from residential zone-Parking and loading facilities. landscaping. Site plan and architectural approval. Off-street parking and loading facilities. Enclosures required for all uses-Exceptions. Outdoor storage. Wall requirements. Trash storage areas. Performance standards. 19.38.010 Purpose. The purpose of the C-Y zone is to provide for areas in appropriate locations where centers providing for the needs of tourists and travelers may be established, maintained and protected. The regulations of this zone are designed to encourage the provision of transient housing facil ities, restaurants, service stations and other activities providing for the convenience, welfare or entertainment of the traveler. (Ord. 1212 ~ 1 (part), 1969: prior code ~ 33.510 (partl.) 19.38.020 Permitted uses. Principal permitted uses in the C-Y zone are as follows: A. Hotels, motels and motor hotels, subject to the provisions of Section 19.58.210, with such incidental businesses to serve the customer or patron, provided suchi nci denta 1 uses and businesses not otherwise permitted in this zone shall be operated in the same building and in conjunction with this permitted use; B. Restaurants with a cocktail lounge as an integral part; C. Art galleries; O. Handicraft shops and workshops; E. Bona fi de anti que shops, bu t not i nc 1 udi ng secondhand stores or junk stores; F. Thea ters; G. Any other establ ishment serving visitors determined by the commission to be of the same general character as the above permitted uses; H. Accessory use and building customarily appurtenant to a permitted use and satellite dish antenna in accordance with the provisions in Section 19.22.030F.1_9 and 11 through 13; I. Electrical substations and gas regulator stations, subject to the provisions of Section 19.58.140; J. Agricultural uses as provided in Section 19.16.030. (Ord. 2160 5 .1 (part), 1986: Ord. 2108 ~ 1 (part) 1985: Ord. 1356 ~ 1 (part), 1969: Ord. 1212 ~ 1 (part), 1971: prior code ~ 33.510(8).) 21.. .12- 81,0 (R (,1,%) () 19.38.030 Conditional uses. The following uses may be permitted in the C-V -zon", subject to t.he issuance of a conditional use permit subject to the findings set forth in Section 19.14.060: A. Car washes, subject to the provisions of Section 19.~8.060; B. Automobile service stations and towing service, subject to the provisions of Section 19.58.280; C. Bait and tackle shops, including ~arine sales, supplies and rentals; D. Bars or night clubs (Dance floors subject to the provisions of Section 19.58.115 and Chapter 5.26); _ E. Commercial parking lots and parking garages, Sub5ect to the provisions of Sections 19.62.010 through 19.62.130; F. Commercial recreation facilities, SUbject to thp conditions of Section 19.58.040, as follows: 1. Bowling alley, 2. Miniature golf course, 3. Billiard hall, 4. Skating rink; G. Public stables, subject to the provlslons of SectiQn 19.58.310; H. Artists' supply and materials stores; T. Clothing sales (new); J. Unclassified uses, See Chapter 19.54. K. Roof-mounted satellite dish subject to the stanelards set forth in Section 19.30.040. L. Recycling collection centers, subject to the provisions of Section 19.58.340. (Ord. 2273 ~ 6, 1988: Ord. 2252 ~ 6 (1988); 2233 ~ fi (1987); 2160 ~ 1 (part), 1986: Ord. 2108 ~ 1 (part), 1985: Ord. 1356 ~ 1 (part), 1971: Ord. 1212 ~ 1 (part), 1969: prior code ~ 33.5l0(C).) 19.38.040 Sign regulations. See Sections 19.60.020 and 19.60.030 for permit requirement and approval procedure. A. Types of signs allowed: Business (~Jall anel/or marquee and a freestanding sign) subject to the fOllowing: 1. Wall and/or marquee: Each business shall be allowed a combined sign area of one square foot per lineal foot of building frontage facing a dedicated street or alley; however, the sign area may be increased to a ~aximum of three square feet per -I inpal foot of bUilding frontage provided the sign does not exceed fifty percent of the background area on which the sign is applied,- as set forth in Section 19.60.250. Each business shall also be allowed signs facing on-site parking areas for five cars or more and walkways ten feet or more in width. Such signs may contain an area of one square foot per lineal foot of building frontage facing said area; however, the area may be increased to two square feet per lineal foot of building frontage provided the sign does not exceed fifty percent of the background area on which the sign is applied, as set forth in Section 19.60.250. The maxi~um sign area shall not exceed one hundred square fept; ;;>. Freestanding (pole): Each Jot shall be allor/ed one freestancling sion subject to the following: a. Signs are restricted to those lots having a minimum frontaoe of one hundred feet on a dedicated street. In the case of corner lots Or through lots only one frontage shall be counteel, $2111 (I( 9/88) .- b. The sign may contain one square foot of ar~a for-each lineal foot of street frontage but shall not exceed one hundred fifty square feet. In the case of corner lots or through lots, only the frontage the si gn is ori ented to shall 'be counted toward the allowable sign area, c. Maximum height, thirty-five feet, d. Minimum ground clearance, eight feet, e. The sign may project a maximum of five feet into the public right-of-way, f. The sign shall maintain a ten-foot setback from all interior property 1 i nes, g. Corner parcels containing five acres or more shall be allowed one freestanding sign on each street frontage on a major or collector street and shall be spaced at intervals of not less than five hundred feet apart. Such signs shall not face the side of any adjoining lot in an R district, h. Only the name of the commerci a 1 complex and four tenant si gns, or a total of five tenant signs, may be displayed on the sign. Where the pole sign is used to identify the name of the complex or the major tenant, the sign shall be designed to identify all proposed tenants up to the maximum number allowed herein. The minimum area allocated for each tenant shall be not less than ten square feet, i. Freestanding pole signs less than eight feet in height are restricted to a maximum sign area of fifteen square feet and shall maintain a minimum setback of five feet from all streets; 3. Ground (monument): A low profile ground sign may be used in lieu of a freestanding pole sign. The sign shall be subject to the following: a. Maximum height, eight feet, b. Maximum sign area, fifty square feet, c. The sign shall maintain a minimum setback of five feet from all streets and ten feet from all interior property lines, d. The sign structure shall be designed to be architecturally compatible with the main building and constructed with the same or similar materials. B. Other signs: See Chapter 19.60 for the following signs: Window (Section 19.60.270); canopy (Section 19.60.280); temporary construction (Section 19.60.290); temporary promotional (Section 19.60.300); public and quasi-public (Section 19.60.310); sign boards and buildings (Section 19.60.330); directional (Section -19.60.340); warning and instructional (Section 19.60.350); service station price signs (Section 19.60.360); directory (Section 19.6G.370); real estate (Section 19.60.380); unclassified uses (Section 19.60.400); signs on mansard roofs (Section 19.60.4101; signs on pitched roofs (Section 19.60.420); business (Section 19.60.430); signs on architectural appendages (Section 19.60.440); and theater marquee (Section 19.60.450); 1. Signs on screening walls or fences: In lieu of a freestanding sign, a sign may be appl ied to a wall or fence used for screening of parking areas. The sign shall be subject to the following: a. The sign may only denote the name of the principal business or the name of the commercial complex, b. Maximum sign area, twenty-five square feet. ~-:ll/ C. Other regulations: All signs are subject to the regulations ,of, sections 19.60.040 throU9hl9'.60~nO-.and the' standards of Sections, 19.60.,140 throU9h 19.60.210. O. Nonconforming signs: See Sections 19.60.090'through 19.60.120: _,_'. " ' E. The design review~<committee may-redtice':'srgn' areas below those'ilUtho'riz'ed-- above based onthe';sign guidelines and criteria contained in the desi9n manual. lOrd. 2309A',.5 9'.1989: Ord. 1575 5 1 (part),1974: Ord. 1356 II 1 (part), 1971: Ord. 1212 ll'l (part), 1969:' prior code ~ 33.510(01.1. ( '" ," , - ' -".,: 19.38.050 Height regulations. No buil ding arc' structure shall exceed three and one:half s,tories or, forty-five feet in height :exc€pt a-s~provi ded in Section 19.16.040; _ provi ded however, that said "liinHatib-n may,- be adjusted by conditional use permit. (Ord. 1356 ~ 1 (partt;1971:0rd. 1212 III (partY, 1969: pr5or, code,,~ 33.510(E). ) 19.38.060 Area, lot coverage and yard requirements. The following minimum area, lot coverage and yard requirements shall be observed, except as provided in Sections 19.16.020 and 19.16.060 through 19.16.080 and where increased as determined by the issuance of a conditional use permit: ( Lot Area (Sq. Ft.) 10,000 Lot Coverage (Max. %) 40 Side None, except when abutting an R district, then not 1 ess than twenty-five feet Yards Exteri or Si de Yard 10* for buil dings o for si gns in Feet Front 20* for buil di ngs o for signs Rear Ten feet except when abutting an R district, then not less than twenty-five feet; none when abutting a side yard wi th no si de yard requi rement. *or not less than that specified on the building line map shall be provided and maintained. The setback requirements shown on the adopted buil ding 1 ine map for Chula Vista shall take precedence over the setbacks required in the zoning district. (Ord. 1356 ~ 1 (part), 1971: Ord. 1212 II 1 (part), 1969: prior code ~ 33.5101F). ) 19.38.070 Setbacks from residential zone-Parking and loading facilities. In any C-V zone directly across a street or thoroughfare (excluding a freeway) from any R zone, the parking and loading facil Hies shall be distant at least ten feet from said street and the buildings and structures at least twenty feet from said streets. (Ord. 1212 ~ 1 (part), 1969: prior code 533.510(G)(1).) 2J,2S r- ... 19.38.080 landscaping. The site sha 11 be landscaped in conformance with the 1 andscapi ng manual of the city, and approved by the director of planning. (Ord. 1356 ~ 1 (partl, 1971: Ord. 1212 ~.1 (partl, 1969: prior code 5 33.510(G)(2l.) 19.38.090 Site plan and architectural approval. Site plans and architectural approval are required for all uses in a C-V zone, as provided in Sections 19.14.420 through 19.14.480. (Ord. 1212 ~ 1 (partl,1969: prior code ~ 33.510CGlC3l.l 19.38.100 Off-street parking and loading facilities. Off-street parking and loading facilities are required for all uses in a C-V zone, as provided in Sections 19.62.010 through 19.62.140. COrd. 1356 ~ 1 {partl, 1971: Ord. 1212 ~ 1 (partl, 1969: prior code 5 33.510CG)(4l.l 19.38.110 Enclosures required for all uses-Exceptions. All uses in a C-V zone shall be conducted wholly within a compl etely enclosed building, except for outdoor restaurants, service stations, off-street parking and loading facilities, and other open uses specified under condi ti ona 1 use permits as determi ned by the pl anni ng commi ssi on. Permanent and temporary outside sales and display shall be subject to the provisions of Section 19.58.370. COrd. 1436 ~ 1 Cpart), 1973: Ord. 1212 ~ 1 Cpartl, 1969: prior code ~ 33.510CGlC5l. 1 19.38.120 Outdoor storage. Outdoor storage of merchandise, material or equipment shall be permitted in a C-V zone only when incidental to a permitted or accessory use located on the same premises, and provided that: A. Storage area shall be completely enclosed by walls, fences or buildings, and shall be part of an approved site plan; B. No outdoor storage of materials or equipment shall be permitted to exceed a height greater than that of any enclosing wall, fence or building. COrd. 1212 ~ 1 (part), 1969: prior code ~ 33.510CG)(6l.l 19.38.130 Wall requirements. Zoning walls shall be provided in a C-V zone, subject to the conditions in Sections 19.58.150 and 19.58.360. (Ord. 1356 ~ 1 (part), 1971: Ord. 1212 ~ 1 (part), 1969: prior code 5 33.510(G)(71.) 19.38.140 Trash storage areas. Trash storage areas shall be provided in a C-V zone, subject to the condi ti ons of Secti on 19.58.340. (Ord. 1356 ~ 1 (part), 1971: Ord. 1212 ~ 1 (part), 1969: prior code ~ 33.510CG)(8).) tl"~/' 19.38.150.. Performance standards . Antses".in.'a':.t~v zone shall be subject to initial and continued. compl i.iHlCe ,.wi th._ the -_performanc'e' standards . set .. fo rth in. Chapter 19.66. :>"_ (Ord.l~56 5~1 '(part); 1971,.;: Ord.clZ12- 5 ,1;, (partl.. 1969: prior code 5 33.51O(H). l'.' . . ". ( -."'-1':'" Sections: 19.40.010 19.40'~O'20 19.40.0'30 19.40.0'40 19.40.050 19.40.060 19.40'.0'70 19.40.0'80' 19.40'.0'90' 19.40'.10'0' 19.40'.11 a 19.40'.120' 19.40'.130' 19.40'.140' 19.40'.150' . . C~<1pter 19.4.0 :1:-1 -- -. - ~ - THORaUGHFARE COMMERCIAL ZaNE Purpose.__, ,. ',___ Perm'i tted uses .,. Conditional use.. Sign regulations: Height regulations. Area, lot coverage and yard requirements. Setbacks from residential zone-Parking and loading facilities. Landscaping. . . Site plan and architectural approval required. aff-street parking and loading facilities. Enclosures required for all uses-Exceptions. autdoor storage. Wall requirements. Trash storage areas. Performance standards. Cd':;- . , 19.40'.0'10' Purpose. The purpose of the CoT zone is to provide for areas in appropriate locations adjacent to thoroughfares where activities dependent upon or catering to thoroughfare traffic may be establ ished, maintained and protected. The regulations of this district are designed to encourage the centers for retail commercial, entertainment, automotive and other appropriate highway-related activities. 'C-T zones are to be establ ished in zones of one acre or larger, and shall be located only in the immediate vicinity of thoroughfares, or the service drives thereof. (ard. 1212 5 1 (part), 1969: prior code 5 33.511(Al.) 19.40.0'20 Permitted uses. Principal permitted uses in a C- T zone are as follows: A. Stores, shops and offices supplying commodities or performing services for residents of the city as a whole or the surrounding community, such as department stores, banks, business offices and other financial institutions and personal service enterprises; B. New car dealers and accessory sale of used cars (see Section 19.40.030 for used car lots); boat and equipment sales and rental establishments, subject to the provisions of Section 19.58.070; C. r1otor botels and motels, subject to the provisions of Section 19.58.210; tj..). 7 845 (!\ tJ / n ()) ATTACHMENT "0" WAIVER AND INDEMNIFICATION AGREEMENT As partial consideration for the purchase/l ease of the real property consisting of 3+ acres of real property located within the corporate boundari es of the Ci ty of Chul a Vi sta, Ca 1 iforni a, located on the 4400 block. of Bonita Road (porti on of Assessor's Parcel No. 593-240-24), Rancho de 1 a Naci on, tlap 166, and presently owned by the Ci ty of Chul a Vi sta, the undersi gned and all hei rs, executors, admi ni strators, successors and assi gns of the undersigned hereby jointly and severally covenant and agree to waive all existing or future causes of action against the City of Chula Vista which arise out of or in any way relate to the design, construction, sale, occupancy, or use of the above said real property, and, furthermore, agree to at all times indemnify and hold and save the City of Chula Vista harmless from and against any and all actions or causes of action, claims, demands, liabilities, loss, damage or expense of whatsoever kind and nature, specifically including all claims of negligence by the City of Chula Vista or by any of its employees except those caused by the sole negligence or willful misconduct of said City or any of its employees, which said City may at any time sustain or incur by reason or in consequence of the design, construction, sale, occupancy or use of the above said real property. DATE SIGNATURE WPC 444511 -7 - J.1,.~i' CITY OF CHULA VISTA. DISCLOSURE STATEMENT ATTACH~1ENT "E" Name of Contractor/Applicant: Nature of Contract/Application: Location of Proposed Work: ... Contractor I s Statement of Di sc1 osure of Certa i n Ownershi p Interests on all contracts/ applications which will require discretionary action on the part of the City Council, Planning Commission, and all other official bodies. The following information must be disclosed: 1A. List the names of all persons having a financial interest in the contract/ application (i.e., contractor, subcontractor, material supplier, owner). 1 B. Li st the names of all persons havi ng any ownershi p interest in any real property involved in the contract or application. 2. If any person identified pursuant to 1A or 1B above is a corporation or partnership, list the names of all individuals owning more than 10% of the shares in the corporation or owning any partnership interest in the partnership. 3. If any person identified pursuant to 1A or 1B above is a non-~rofit organization or a trust, 1 ist the names of any person serving as director of the non-profit organization or as trustee or beneficiary or trustor of the trust. 4. Has any person i denti fi ed above had more than $250 business transacted with any member of the City Committees and Council within the past twelve months? please indicate person(s) worth staff, Yes of pub 1 i c or private Boards, Commissions, No If yes, Person is defined as: "Any individual, firm, co~artnership, joint venture, association, social club, fraternal organization, corporation, estate, trust, receiver, syndicate, this and any other county, city and county, city, municipality, district or other political subdivision, or any other group or combination acting as a unit." (tJOTE: Attach addi ti ona 1 pages as necessary.) Signature of contractor/applicant / date ~PC 3058A 21..2.1 ~rlnt or type nalOe ot contractor/appllcant Developer Odmark & Thelan Adma Co. Joelen ~ .. W ~ Exhibit "0" Land Use 96 Senior Apartments 72 one bedrm 24 two bedrm 80 for lease condominiums -average rent of $915 .87 acres public park 200- room resort hate 1 -400 sf/room -restaurant, pool, tennis, spa, sauna -14,000 sf meeting and banquet rooms Comparison Matrix - Proposals For Development 4400 Block Bonita Road Oensity/Height 32/du/acre 2-story 37.5/du/acre on residential area Hi gh Dens ity over 7 acres. Approx. 40% lot coverage Parkinq/Traffi c 96 spaces under carports 768 tri pS/day 3-stories over parking 640 trips/day Unknown Amenities .87 acres Publ ic Park, 28 publ ic parking spaces, jogging/walking trail Jogging/walking tra il, improved golf facilities Purchase/Lease Project Value Purchase For $720,000 $4.57 million with 25% City Profit Participation at Sale Estimated to be $141,253 Purchase for $1 million $6.13 mi 11 i on 66-year lease with $16.1 million payments based on percentage of revenues, with option to purchase years 5-15 Approximate lease value of $3 million, assuming no buyout. Payments based on following percentage of income: 6% of room income 5% of beverage income and banquet rentals 3% of food sales 10% of retail sales and telephone tolls City Revenues $869,546.48 $1,119,151.75 $3,014,339.24 Exhibit uE" Bonita Road Golf Course Property 1991 1992 1993 1994 1995 19% 1997 1998 1999 2000 2001 2002 Revenue Generation Estilates April 19'11 Od.ark " Thelan, 96-unit Senior land Pay.ent - 3 acres ($5.521sf) S720,OOO.00 Assessed Valuation land t720,000.00 S734,400.00 $149,088.00 $164,069.76 S779,351.16 S794,938.18 S810,836.94 S827,053.68 t843,594.75 t860,466.65 san ,675.98 Assessed Valuation Buildings H,854,664.00 $3,931,757.28 S4,OI0,392.43 $4,090,600.27 $4,172,H2.28 S4,255,8bO.53 S4,340,977 .74 $4,427,797.29 \4,516,353.24 $4,606,680.30 \4,698,813.91 Annual loan Service $3,659,731.20 S399,072.0b n99,072.0b S399,072.06 S399,072.06 \399,072.06 $399,072.06 $399,072.06 $399,072.06 \399,072.06 $3119,072.06 S399,072.06 NOI \557,280.00 fiR!! Yalue at Sale, 7.51 S4,644,000.00 Return on Equity 17.29I Eouity At Sale (2511 U41,253.18 Ta~ Revenue U1,436.66 Sl1,605.39 Sl1,898.70 S12,136.68 U2,379.41 $12,627.00 U2,8n.54 S13,137.13 $13,399.87 S13,667.87 SI3,941.22 NPV Frol Year 10 $149,546.48 Sl1,436.66 Sl1,bb5.39 SI1,898.70 $12,136.68 $12,379.41 $12,627.00 S12,879.54 S13,131.13 $13,399.87 SI3,667.87 S155,194.40 Total City Revenue S869,546.48 Adla [0., 80-unit lease Condos land PaYlent ~ 3 acres l$7.6S/sfl U,OOO,OOO.OO Assessed Valuation land $1,000,000.00 $1,000,000.00 $1,020,000.00 $1,040,400.00 Sl,061,20a.00 U,Oa2,432.16 $1,104,080.80 $1,126,162.42 SI,148,685.b7 \1,171,659.38 \1,195,092.57 SI,218,994.42 Assessed Valuation Buildings \5,126,866.80 \5,229,404.14 \5,333,992.22 S5,440,672.06 S5,549,485.50 S5,660,475.21 S:i, 773,684.72 \5,889,158.41 S6,006,941.58 SII,127,080.41 1i6,249,b22.02 NPV Frol Year 10 S119,151.75 S15,317.17 $15,623.51 U5,935.98 $16,254.70 Si6,S79.79 $16,911.39 \17,249.62 U7,594.bl $17,946.50 ~18,305. 43 SHI,671.S4 Total [i ty Re~enue S1.119,151.75 ~ . \N - 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 Richard Pena, Park Development Land Payment - 3 acres LS/5f) 40.00 Assessed Valuation Land SO.00 Assessed Valuation Buildings 50.90 City Development and Maintenance 15375,000.001 ($21,000.00) 1621,000.00) ($21,000.00) IS21,000.001 ($21,000.00) (121,000.00) ($21,000.00) ($21,000.00) ($21,000.00) ($21,000.00) (S21,000.00 Total Revenue 11375,000.001 ($396,000.00) ($417,000.00) ($438,000.001 ($459,000.00) ($480,000.00) ($501,000.00) ($522,000.001 ($543,000.00) ($564,000.00) ($585,000.00) (1606,000.00 3oelen Enterprises, 200 -roam Hotel Assessed Valuation Land $2,439,738.00 $2,439,738.00 $2,488,531.76 52,538,303,42 12,589,069.48 $2,640,850.07 $2,693,667.89 $2,747,541.25 $2,802,492.07 42,859,541.91 $2,915,712.75 $2,974,027.01 Assessed Valuation Buildings 113,66B4O00.00 $13,668,000.00 513,941,360.00 $14,220,187.20 $14,504,590.94 $14,794,682.76 $15,090,576.42 $15,392,301.95 S15,700,235.71 516,014,240.42 $16,334,525.23 $16,661,215.13 Total Property Tax Revenue $40,269.34 $40,269.34 $41,074.73 541,096.23 S42,734.15 $43,586.83 $44,460.61 145,349.02 $46,256.82 $47,181.96 148,125.59 $49,088.11 Transient Occupancy Taxes IBS) $394,200.00 $394,200.00 4394,200.00 S394,200.00 $394,200.00 $394,200.00 $394,200.00 $394,200.00 Roams Revenue (61) $295,650.00 $295,650.00 $295,650.00 $295,650.00 5295,650.00 $295,650.00 $295,650.00 $295,650.00 Food Revenue 131) $104,762.00 $104,762.00 S104,762.00 5104,762.00 $104,762.00 4104,762.00 5104,762.00 S104,762.0C Beverage Revenue (51) $66,365.00 $66,365.00 566,365.00 $66,365.00 $66,365.00 $66,365.00 $66,365.00 $66,365.00 Banquet, Rents, Other (51) $10,136.00 $10,136.00 $10,136.00 $10,136.00 510,136.00 510,136.00 $10,136.00 S10,136.00 Telephone (107.) 515,059.00 $15,059.00 $15,059.00 $15,059.00 $15,059.00 515,059.00 $15,059.00 $15,059.00 Retail Sales (11) 425,676.00 $25,876.00 $25,876.00 525,876.00 525,876.00 $25,876.00 $25,676.00 $25,876.00 Total Revenue (NPVI $3,014,339.24 $40.269.34 $41,074.73 $41,896.23 $42,734.15 $238,909.21 $478,254.31 $957,397.62 4958,304.82 4959,229.96 1960,173.59 $961,136.11 ';;)J:lO ,,'\.: 'xOJddo JO) .d-A-J, B ,IOI:JJJlUWO) JOll';r^ 01 0'\;1 pUO ' . . .... .' ";lJodS UJdO :JI/qnd B s>{JOd WOJ..:! " ,,5UIUOZ pUD asn pUDl II ~f:" ~ '@.]~ N:; II \1 ~ '1-v8-Z)d/1rl:~8 - '1cl9 p r r m V? - - - - .......- - - - 8'd'~'H .' '::>V,1 1----- r: J: N~- i"-m.n'n;f..u a33.;/~____-~---...; I :; ,_ _ __J_ _ _ _ _ J L.._ It!' I', ~ . " / (' " c----______ I.. ; -~~...--lrltl.f-~' , --._- -< ..c -<X:~/). ..(.-:~ov v~_ o o r '. 007 ,002 U> " / :Ie , , 1- - 3/f.LN3:J ....LlNoe (Sf:) spaNO::> , I d'J<> ~S'tf3 3!:!1.ra:; 1 ~IINOB 'V.lS I ,,"cBS " '" '-~/f~f3 .~~ ~f"'. ,I; /". " " -1T:, '~lcf~N.'-' _.,-~~~,~ ~f,~:"';'" , "'"~. r.1b ,0 03SUd , , , L__.,~.__ uwo, 1 1'''''' \ --- t-' ' , . lJ3.LN3::J \ \ __~- 391':77111 vJ./Noe" " ..~(~~5(~m . - . -~(.-.r.._,.,.r"...-_.r_.... Z - r: 'r- ).:.1--"- r,;..,-r' C' '-i - '..!. .'rrr...rr;-l",,~.'("ry'. ,,'.; rt ~..;;.;..' J ? J?~{-/;.':E/f~~ff~~.};~:t;. &'ftr;?~~E~{-.rr; r ~1-~ "'~r..rT_~. .r....T'..,',;r(..r..'~{"": ,..... \. ".Jorr 3 C> ,.,-..,--/.' .r.;r..r-:-.'..../'r!'~(..r:-.-r.r.r:..-..,...,~-..._l" .."'3 CJ!) ,.., r , r- ,-......., '';<'..-. ._,or rr.....r.. "'-C~"r: '"';"*' r.,.:!. ;-,,r "",,;'r -...;. 'r..;:..r~{:...'_-,r...,.".-.. :,,.:; CJw uo .:: r _ t' .... 'r,.J.r ..' ,.,... .,.. ("IC...-..... r I, J r :':;C:Z:.-'Pr:.. r':..:~t_-,::c ~r~ oi;r7 ::-::J~"_'"..:.,: .C:-:.!r'~::; S..l.WN1r.. J'I _r " . ._' r c;..~r '~ - ... l.,- ...rr..:r. -....},.;~.:,J.-., ....'~.....:~.rr,:.< -~ 3SHnOJ .:f109 '~.F.::;:'=;.t"':;'I'-':'''':r'''r; r,:,-.:,."'r."':rT. r r' -:.....:-,;~"'-':.'r"( . . '.J.,,".'., .;: ,':. "(""'::~-'_',.,- r ' . I .r'._'-.";' ...ri,..,' _ ...... '( ';' l't;IdIJINn~"J '~-tl,...-\r;t:,".F,.r...'.... _.~........!r: __r_~r':'" ..'::..-"::.,.....-,:....,..'O...c..,;Q:.r , -': "") ") - .t. ,~-:-;:..;:-/~-...:: ::'. -;,':: I' ';'~~ d..n-r ~J- :' ..r'c"l(-;'c'r"(" :...-::J...., . :-. \/l..SI^ v .nH~ r;.(-.c(r.._:~'r..,r,r;.r;...' -' -.-. -. .......;.t_V~d,\.r2:::'_CJ.r ;r;..,r',....r;..... -..c,__ ( 'f.r,'~'-~':: "r<'..F,rr:.!'.'--'.(/'.j ~-- --,:',< rr:..~/{;~:r;~'-;r;:,~r~~~~:~2 - -:..,~:.:~.:~::J' :'-Y";'::: ~;:{:;~ -; ;-,~:~rf.~.:%.?;-r;~~fct-~~ :/;~';-j:,;'j"~::>:...:.-J:.~,rcl,:,^~?jt7f\[.tO~3W~~GD: . " ~~~/j,'drO~":~:'-i:.r;;;;D:;:':)-~~~~::-;:r t!~r'f;'-;;;:j ";';~7.~';':" ~;":'r':-~::-;'~;'Dg. ~'IS~A:::.-'n~sn-:-.Jt""\-u"B' , .~, ~,.;:~ ~ ;':;:S~:P:',.~.;7r::-:r;_'~!:.-< {;f ,:~:,rr-.~~f';'r.<-;~~ r.r.... r- ..r"r,--' r ..\...-'....~..~ 'V/\; i-U....... v.a~a .:.,'..- -r'......r. 'r""',. ~ r.-''T"'!......f;,-.,.'''r.'. r...;;,... t .__'.~(". .......,.~.. rr..:...,......./..,. -""-,-."J'..'":',.. - '.... - ....:..-...._.r.- 'r,.",( , _ r'...r,....,...,;rr ,.,'rr,.,.r-. -.- , .......,..(rl'r.:.(....,-....,... ; .,-.......\..I'".z;.ro.(o.tr-!..c...r ,.,..-,-".....-.'- . -' ':'"-.r'-"',"'':'" r . ._'.~'";:,.r,-,.......'-''''''''' '.'r'" ,..-. '.,!:-r",o-;,.-: .(},.( "-.r'. (",i"_r/ ,...,,.";..._ rl'_T....r..,. '--;'.-,.-r'" -...'.. "",. ",.., .. r.:-,~..-. ..-. ,..':- '_r,.,. -'-r'..r.r..-, -,:...,,.-(..:..~-.!"'lr..('\.,..'("'\.,.,..r.,......,..r..-r,..::. --:rr.....=-'. -..-_/r;f:.... ("'-_ar~. r-r,c-r_r_, 'r-' r ..:::. ! -'.:-:~ r:....:.:......,r ,'.- ;,:-:-""L'::;.':"'hr.".-~,..-r. lr("("rr~r:r.r.r,..."''''~'.-",:- .:"/.!:. ,r.,' ---!',r.;:,:''o-,. .'.-.-_/:... ':"11', _ .::.; ,~.:;J/.y: :-y..";;...r-......."/:rr ~ .';F:~.' ::;~'2.:=-~~;;';;::'~;~}:<~:;f;';~;0;~~,;~?~~;-/{'V:'-:':;' r -' '''..-, '"<~;?~:<..j:!/7;.;:~;:> _r J-:.~.'i::;f.::..0:r}r;.: - i-r r:- ,,/,"'-' r ,..-f'r " ....... r;:,.. ""F"r'.r(.,..r'(-''-,-. C -I~r ' ('~'-' rT-_.t- . r: .,-r.-__r"-"'c~,,"r- r:j-'"irrS-r;.:! ,..r,.,- ~ rr ,'::",r-:,t':." . :~ r,r '; r:-;._,....r ,;--..r;,.......,::;. ,......,__-1;(.:....\ :' ":......,.. f',............ ~. ~.. . .... ,....:,:.rr,....Y:. .-;.r..r_"r~...:..J:"ir:t",,_...-;...J....:r;...-J.,. , ,:,"";:...-r:..r... '.'.-" :..~.,..;.r:...-~ c"~';":c"i'~r:" ,- I'.......,J':! C'<;..:r::: r ..-.f._.-,,:"':':_,. J..--'[ .:.......r;. .i-(.... 'r2.-:.:..r ,orr_rJ:-r........,......r... .C;1r.r;-,..- rC"f. .....,..:.-: ,....rr'r-"...;.,:-.C'i..'-;.; .-,.....r;:..,..r!..~r.:-;;-:;..!.-..,..f.;.".::.(';r ..........., -.. r . ""r :-.'...r...(.... r: -c"..r.rr_- - , ~...,.. 1..:-,... (I. , _ " r., r. _. . i-. .,...._, .. r r..,,- . -:-': r../ :,.rf-,,rr;,:; ;;:"r....~ ..:-.;:;.:~...r .-:.:'-:~"'.:-:' -~:.:':.'" :;~.f-;'..=:.c"A..:..r, . _:- -:'-:r ....0J>o-__,...i-{- r!,r',.,'., ,...; "... r,rr,-.,. _r- .;::r~..r'...!"""..,....... - .:""............-:,..,-r.-~':...::.("'.:-"~ ...._~._ ,-r =c r " ~~?#/(j~ij?F)/j$j,;j~i::i/}f;~%~~}~~~~tf;.~ ~193lJ lJ3.L"'M.l33MS ' .' ~ ;:,:~:,;.~~~; :!,..;:;: 21tnfd _ tl.l:lo.tj _~. .O;,;~__(<{~~}. ~ l~a't ,~ ,.'" >.:~,.._,::- r...._ ",'..............~,.,r,.,..~r.......,.,...rr\'r.r;.... ....;..(-'..-;1" ..,_.~.. , ~;::(~~~~X6?1:y~t81:i~::t~~~~t?}EB1;~ \1.LS/1I . I / I . .L~'~ .1,'.,.. I:'" ~-- I . , . , I . , . . . f-_-----T . , I I I .. ll~ll Hq~4x3 .1----, , , , / MS " " >~ ie" Exhibit "G" \ ( I ro .. ~ I .1!2~. ! :<q .,- '1 !ico .'.f:''"f........., ! \ . '. o ~ \. ! 00 .' ~. .,+' ...'....,... ..,+' \. . all l ..L * r.......... // ~ t OJ +' .~ Vl :- E 'co :... g i- W ; Ol 1 .!: ~ ;01 ;01 ...J 10 ~ 0- . ; ; ; ;- ! Oro ! ... !- . ; ; c: ; ell i 0- 0'" !- ! '" ! 11> ! ;:] " CT Q) OJ s- u '" M -0 OJ <= 3: o I Eti i ~..3~ I! n I. . . . ; . ; ~ '" ~ " ; > ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ It . ;; % " ;; = " j : t I .: :. I i I ~i J :I 0 I ? ~ I i z ;' ;:: ~ ; ~ ~ J! J 0;: ; ; ~ .=: : ~ ~ II II , I - III i . I " i,'t'1 I , ~ J J Monaay CHULA '~<:'TA GOLF COURSE PARKING - OT SURVEY EX H I B IT 6 am: 10 am "H II Golfers Rest Joggers Sales & Vendors Feed Ducks ~ # Cars: 174 #40 #157 #3 SPALfC:S ~(i ) # People: 212 #62 #179 #3 Lor ASPMlr ~ *' Cars in parking lot at 6am 66 Lot K l# = /VWl18<f( of eN'S of< pEoflE 6JlERw;: /-01 11 Dirt t:' 1-* - Nv.M8&:. O~ G4i'5 iN La< AT <<ME IJD.'<=:-O. 8arn 187 Lot - - AI~ NDTEO is THE Aluo<liJcf'. pMKEO ,N ,t!, 16 Dirt Y D,;<:O MEA. lOam 203 Lot 10 ~V'.- "'PM 14 Dirt Golf Rest Joggers Sales & Vendors Feed Ducks # Cars: 79 #60 #40 #12 #3 # People: 102 #88 #55 #9 12pm 166 Lot 471/!'~/:_Y"_2c"/ /'-.!- 3 Dirt 2pm 163 Lot !.'llf!. ;UWGpM 7 Din ?fer . 0'.' J Jell, I". . ') , '/ v,' Golf Rest Joggers ,/ -8)/ '" Feed Ducks # Cars: 116 #7 #103 #6 # People: 149 #9 #141 #7 4 pm 152 Lot 2 Din 6pm. 157 Lot 14 Din Tuesday 6 am ~ 10 am Golf Rest Joggers Sales & Vendors Feed Ducks # Cars: 128 #34 #129 #12 #4 # People: 141 #48 #162 #12 #4 *Cars in parking lot at 6am 37 Lot 2 Din 8 am 123 Lot 9 Din lOam 156 Lot 10 AII!- 'J.p", 3 Dirt Golf Rest -Joggers Sales & Vendors Feed Ducks # Cars: 85 #55 #25 #3 #6 # People: 97 #65 #36 #3 #12 12pm ~Lot ;;). Dirt J.Prll-t,PM 2 pm 131 Lot I Dirt Golf Rest Joggers Sales & Vendors Feed Ducks '# Cars: 103 #20 #86 #0 #9 # People: 122 #2<3 #101 #0 #14 4 pm 140 Lot 2 Di~ 6pm 193 Lot 14 Dirt Wednesday 6 am - 10 am Golf Rest (~ Joggers Sales & Vendors Feed Ducks # Cars: 193 #31 #139 #0 #0 # People: 209 #47 #151 #0 #0 ~Cars in parking lot at 6 am 71 Lot 4 Dirt Barn ;~ 1~5 Lot 21 Dirt 10 am 2 {OLot' /01,,,,- J.f"'- 13 Dirt Golt ~.:..-;: Joggers Sales & Vendors Feed Ducks # Cars: 88 #.">3 #51 #1 #0 # People: 105 #67 #63 #1 #0 12 pm 178 Lot 13 Dirt lfl' -CfM 2pm 157 Lot 3 Dirt Golf Rest Joggers Sales & Vendors Feed Ducks If Cars: 73 #56 #81 =0 #10 :: Pc-oplc 91 ;;77 #<:'-3 .0 #19 4 pm 158 lot 9 Dirt $-35 Grm 175 Lot 11 Di{~ Thursday 6 am L 10 am .\ Golf Rest Joggers Sales 6. "-_o1dors Feed Ducks # Cars: 147 '31 '103 '2 .0 . People: 163 #40 #113 #2 #0 7{-cars in parking lot at 6am 22 Lot 4 Dirt Bam 156 Lot 8 Dirt 10am 202 Lot liJh....-d.ft>\ 3 Dirt Golf Rest Joggers Sales & Vendors Feed Ducks # Cars: 91 .42 '22 '3 .3 . People: 101 .61 '40 .3 .6 12pm 163 Lot 4 Dirt ;,lri\ - c; p'" 2pm IlAI Lot I Dirt Golf Rest Joggers Sales & Vendors Feed Ducks # Cars: 86 #41 #41 #0 .9 . People: 100 #53 #201 #0 #14 4pm 157 Lot 3 Dirt 6pm 157 Lot 13 Dirt Friday 6 am ~ 10 am Golf Rest Joggers Sales & Vendors Feed Ducks # Cars: 197 #52 #171 #0 #0 # People: 206 .60 #193 #0 #0 ,*Cars in parking lot at 6am 42 Lot 10 Dirt 8 am 196 Lot 13 Dirt 10M" - d..f'" lOam 201 Lot 5 Dirt Galt Rest Joggers Sales.& Vendors Feed Ducks # Cars: 101 #91 #31 #4 #7 . People: 120 .102 #40 #4 .16 12pm 189 Lot 8 Dirt 2pm 152 Lot )./rr(,fI"'- 6 Dirt Golf Rest Joggers Sales & Vendors Feed Ducks # Cars: 80 .63 .51 #0 .13 # People: 87 #71 #60 #0 #27 4 pm 160 Lot 1 Dirt 6pm 150 Lot 2 Dirt Saturday 6 am ~ 10 am Golf Rest (~' Joggers Sales & Vendors Feed Ducks # Cars: 178 .74 '194 #0 .0 # People: 190 '98 #211 .0 #0 *Cars in parking lot at 6am 106 Lot 6 Dirt 8 am 160 Lot 14Dm lOam 205 Lot lOAM - Jf"" 7 Dirt Golf Rest Joggers Sales & Vendors Feed Ducks # Cars: 121 .68 #87 #0 #14 # People: 139 '81 '101 .0 .30 12pm 189 Lot -r:-''' 4 Dirt 2pm 193 Lot Jp~< - {,fr. t Dirt Golf Rest Joggers Sales & Vendors Feed Ducks # Cars: 75 #32 #30 '10 .10 # People: 89 #46 #41 #21 #21 4 pm 157 Lot 7 Dirt .!I..~t, 6pm 127 Lot 1 Dirt .' , t1"~7 THIS PAGE BLANK tJ.. .3Y - -.,' EXHIBIT "B" " !Y J ITEM ~~ Community Development Dept. July 25, 1990 From: Richard A. Pena Bonita, Private Citizen To Chula vista City Council Subject: Proposal for Use of City Owned 3 1/2 acres at 4400 Bonita Rd. Reference: The City's request for such a proposal. 1. In accordance with the above reference I wish to formally submit my ideas on what would be an ideal use of the subject land. Since this is not a proposal which would in any way generate funds to the city it is, therefore, not in conformance with the criteria asked for in the Community Development Specialist's instructions. It is, nonetheless, a legitimate proposal, and I express the hope that it will be received and considered as such. Though I am submitting this proposal as an individual it has been discussed with other members of the community and all concur as to its merit~'. 2. In accordance with paragraph III (PROPOSAL) of the reference the following information is submitted: ~ a. The complete name of the partnership will be the City of Chula Vista (more particularly the Parks Department). b. There is no purchase or lease price. c. Outside of perhaps a half acre or so devoted to parking the entire area will be park land. This is not to be confused with a regular city park such as seen on the other side of the valley (Rohr and the former County Park). (1) The space is visualized as a grassy area with undulating hills to break the monotony. There could be a series of attractive sidewalks, either concrete or decorative brick, leading really no where, excepting to park like benches situated at intermittent intervals. (2) There would be no picnic tables, cooking pits, children playground equipment or any of those other things associated with most public parks. (3) Trees, of various varieties, should be planted at vanous intervals, so that their foliage can, in time, supply shade to the park stroller. (4) In the future there could be funds raised by the community for the building of a park band type building, such a structure to conform to city specifications. (5) There would have to be no alteration to the present entrance to the golf course. The park would share this entrance with limited parking at the north end of the park adjacent to the dirt road bordering the course's first hole. The basic idea of the park should be something that one could walk to, not drive to. d. A statement of QU:2 ~f~1"ions and resume of developer is ~ obviously not applicable in this proposal. e. There would be no financial benefits to the City nor would there be any anticipated revenues. f. The time table would depend on the Parks Department. g. and h. Not applicable. i. This, I suppose, refers to the qualifications of the proposer. My qualifications for sUbmitting such an unorthodox proposal is the fact that I have lived in the Bonita area for over thirty years, and the years previous to that in Chula Vista. I was one of the original members of the Bonita Valley Country Club (now South Bay Golf Club) and have, of course, seen many changes in the area, some good, some not. The three and half acres in question is probably one of the choicest parcels owned by the city anywhere. In my opinion, it would be a pity to let it get away for some private enterprise, regardless of the capital that it might bring in, or the glitter that it might contribute to this parcel that was recently labelled wrongfully as an eyesore. Many area residents envision some sort of public cultural building on the site. This, of course, would be the optimum use of the land. This, also, would be very costly, and anyone, including me, would be rather presumptious in expecting- the city to go this route. Private enterprise could, of course, undertake such a venture but this would require an angel of the highest magnitude, something which the community seems to be lacking. The park is the obvious answer. It would be inexpensive to build and maintain and would afford the area something attractive and something in which to be proud. I liken it very much to Friendship Park near the library. There are critics of such a plan who might say that if one wants to go to a park he need only drive for five minutes to the other side of the valley and he has a good one. Very true, but only if the sole reason was a park for people's sake. This park would be a park for park's sake. In any event the proposal is submitted for your consideration. ct::~~~7~ RESPONSE TO REQUEST FOR PROPOSALS FOR PURCHASE OR LEASE AND DEVELOPMENT OF REAL PROPERTY AT 4400 BLOCK OF BONITA ROAD Submitted to: THE CITY OF CHULA VISTA Community Development Department Attention: Lance Abbott, Community Development Specialist 276 Fourth Avenue Chula Vista, CA 92010 submitted by: Om-lARK & THELAN 3200 Fourth Avenue, Suite 101 San Diego, CA 92103 (619) 291-7300 AUGUST 31, 1990 J. (" - 90 TABLE OF CONTENTS Page No. PROPOSAL: A. Identification of Development Entity B. Terms of Offer C. Development Concept D. Developer's Statement of Qualifications E. Projections of Financial Benefits to City F. Proposed Schedule G. waiver And Indemnification Agreement H. Completed Disclosure Statement I. Statement of Qualifications QUALIFICATIONS References 1 1 1 2 5 5 6 7 2 8 EXHIBITS A Terms of Offer ;)r.-'II PROPOSAL: A. IDENTIFICATION OF DEVELOPMENT ENTITY Name: Odmark & Thelan, a general partnership, Address: 3200 Fourth Avenue Suite 101 San Diego, CA 92103 (619) 291-7300 B. TERMS OF OFFER The terms of the offer are set forth in Exhibit A hereto. C. DEVELOPMENT CONCEPT The development concept plan can be characterized as follows: o The location of the property on a golf course with a walking trail, in close proximity to a major food market, drug store, restaurants, and other convenience shopping facilities, as well as proposed medical services, makes it an ideal location for senior citizens housing. o The project consists of 96 residential apartment units for senior citizens, composed of approximately 75% one bedroom one bath units and 25% two bedroom one bath units. Units are located in two story sixteen-plex buildings. o The site plan has been designed to take into account the established development pattern along Bonita Road. In this regard, it is envisioned that a substantial landscaped parkway would be constructed as a part of the development. o The entry to the project is located on the access road to the Country Club parking. Pedestrian access is proposed to Bonita Road. There are 96 parking spaces under carports. A landscaped recreation / pool area is proposed in the center of the project with views overlooking the golfcourse. Also, guest suite accommodations are provided for the use of friends and family visitors of the seniors. o Based on the need to obtain input from City staff and the neighboring community at the earliest stage, the product has been designed to allow for flexibility in design details such as roofing detail and articulation, exterior colors and finishes, refinement of the landscape palette, etc. Also, the design can be adjusted to address the walking/equestrian trail traversing the northeasterly boundary of the site. o Extensive landscaping and meandering pathways between buildings gives interest to the site plan. D. DEVELOPER'S STATEMENT OF QUALIIFCATIONS Enclosed is a corporate brochure together with a list of projects developed by the principals of Odmark & Thelan. Odmark & Thelan's capability and ability to perform is evidenced by the success of its projects. We have been the successful respondent to several Requests for Proposals and have worked very successfully with the agencies in those cases. Odmark & Thelan specializes in low-rise, attached, garden mUlti-family projects similar to that proposed. A description of representative projects is set forth below. o UPTOWN DISTRICT: (former Sears site in Hillcrest) The principals of Odmark & Thelan, in a joint venture with Oliver McMillan, responded to a Request for Proposals issued by the City of San Diego, for which they were unanimously recommended as the selected developer. The project involved acquisition of three adjacent properties owned by different parties and incorporating them into the project as well as obtaining all necessary land use approvals for a mixed use project consisting of 140,000 sq. ft. of commercial space, 318 residential units and a 3,000 sq. ft. community center. The project is anchored by Ralphs Supermarket and financing of approximately $56.5 million was provided by Great American First Savings Bank. Establishing a close working relationship with the community from the outset proved to be very constructive. All comments received were considered and incorporated as appropriate. This approach was very productive and helped in meeting all deadlines. Through variation in color and building elevations (no two buildings are exactly alike) the project appears to have been developed over a period of time, creating a true village atmosphere. The project has been the subject of many architectural feature articles and is being cited as exemplary of how to achieve a successful mixed use project in an urban, in-fill environment. ~,-~, -0- o COLUMBIA PLACE Out of several contenders, Odmark & Thelan (then known as The Odmark DevelopmentcCompany) was unanimously selected by Centre City Development Corporation (CCDC), a subsidiary of the Redevelopment Agency of the City of San Diego, in response to a Request for Proposals. The project was conceived in response to CCDC's ambitious goal of providing 6,000 residential units in the Marina Redevelopment Area of downtown San Diego, at a time when the downtown area was in transition. Because of the uncertainty of the downtown market, it was important to retain flexibility in the project concept and design so that it could proceed on a rental basis, if necessary. By subsidizing the initial purchase price of the land, CCDC allowed for the flexibility needed to address the uncertainty of existing market conditions. The purchase price was structured so that CCDC would participate in profits if and as sales occurred, as certain performance thresholds were reached. The project was very well received in the market place. Minimal marketing expenditures were made due to extensive unsolicited interest shown by homebuyers during the course of construction. Reservations for all of the units were taken on the first two weekends that they were made available prior to completion of framing. At the time of completion of construction, there was no remaining inventory. This project made a significant contribution to the City's downtown revitalization efforts: it spurred significant rehabilitation by the owners of the existing adjacent buildings which had been dilapidated and in need of repair, thus addressing the goal of eliminating unsightly conditions and encouraging investment in the area by existing as well as new owners. It also addressed the goal of providing affordable residential ownership opportunities downtown. The public/private partnership which this project represents, culminated in a successful result for all parties. -3- o ESPRIT LUXURY VILLAS This project consists of 108 apartments, in 8-plex buildings, located adjacent to the Mira Mesa Shopping Center. A pedestrian walkway offers convenient access to the retail goods and services, restaurants, and theatres. Key project amenities include central heat and air conditioning, washers, dryers and refrigerators in each unit, patios and balconies, carports, and storage areas as well as a well landscaped pool and spa area. The project is developed under a long-term unsubordinated participating ground lease. The rental office opened in February, 1990 and the project rented up at an average rental rate of 1 unit per day. The strong market response to the project has enabled us to command rental rates at the top of the market. o THE ORCHARD The Orchard is an example of what the public and private sector can accomplish by providing quality, affordable housing for senior citizens. It is a 563-unit apartment project which was developed in cooperation with the City of San Diego. Constructed in two phases during the late 1970's and early 1980's, the project is on 10 acres of land leased from the City. While the City of San Diego cooperated extensively in providing favorable lease terms, the project received no other government subsidy. The moderately sized apartments open directly to richly landscaped grounds in a garden atmosphere. Landscaping contains several varieties of fruit-bearing trees, a favorite of residents. Additionally, numerous plots are devoted to areas which are utilized for private, individual gardens. The project has operated since its inception with virtually a zero vacancy factor. Its success has been based upon its innovative design concept and a dedicated, active property management team which provides a non-stop variety of activities and events for its residents. -4-;). ~ . 'I J F. FINANCIAL BENEFITS TO CITY The direct financial benefits to the City are derived from the terms of the Offer which is Exhibit A hereto. G. PROPOSED SCHEDULE o Negotiation of Purchase Agreement 1 2 months o Plan preparation, processing, and approvals, site development and preparation of building plans 3 5 months o Close of escrow Upon receipt of all approvals necessary to commence development o Construction of project 7 9 months Total 11 16 months As discussed above, our track record provides evidence of financial capability to complete the project on time and according to plan. -5- WAIVER AND INDEMNIFICATION AGREEMENT ATTACHMENT .0. As partial consideration for the purchase/lease of the real property consisting of 3+ acres of real property located within the corporate boundaries of the-City of Chula Vista, California, located on the 4400 block of Bonita Road (portion of Assessor's Parcel No. 593-240-24), Rancho de la Nacion, Hap 166, and presently owned by the City of Chula Vista, the unders i gned and all hei rs, executors, admi ni strators, successors and assi gns of the undersigned hereby jointly and severally covenant and agree to waive all existing or future causes of action against the City of Chula Vista which arise out of or in any way relate to the design, construction, sale, occupancy, or use of the above said real property, and, furthermore, agree to at all times indemnify and hold and save the City of Chula Vista harmless from and against any and all actions or causes of action, claims, demands, liabilities, loss, damage or expense of whatsoever kind and nature, specifically including all claims of negligence by the City of Chula Vista or by any of its employees except those caused by the sole negligence or willful misconduct of said City or any of its employees, which said City may at any time sustain or incur by reason or in consequence of the design, construction, sale, occupancy or use of the above said real property. ODHARK & THELAN AUGUST 31, 1990 DATE By: SIGNATURE WPC 4445H -7- ~ r- - till , CITY OF CHULA VISTA DISCLOSURE STATE~~Ni ATTACHMENT "E" . . ~ame of Contractor/Applicant: ODMARK'& THE LAN lature of Contract/Appl fcatfon: Request for Proposals for 44UU ~locK oz oon~ld KOdU .ocatfon of Proposed Work: .' Sale or Lease of Property in :ontractor's Statement of Di scl osure of Certain Ownershi p Interests on all contracts/ lpplfcations which will require discretionary action on the part of the City Council, 'lanning Commission, and all other official bodies. 'he following information must be disclosed: A. List the names of all persons having a financial, interest in the contract/ application (i.e., contractor, subcontractor, material supplier, owner). n~rn~rk ~ Thpl~n ~ C~lifornja ~eneral oartnership 8. List the names of all persons having any ownership fnterest fn any real property involved in the contract or applfcation. Odmark & Thelan, a California general partnership If any person identified pursuant to 1A or 18 above is a corporation or partnership, list the names of all individuals 0\1ning more than lW of the shares in the corporation or owning any partnership interest in the partnership. Ted P. Odmark John D. Thelan If any person identified pursuant to 1A or 18 above is a non-profit organization or a trust, 1 ist the names of any person serving as director of the non-profit organization or as trustee or benefiCiary or trustor of the trust. Has any person i denti fi ed above had more than $250 business transacted with any member of the City Committees and Council within the past twelve months? please indicate person(s) "son is defined as: "Any individual, firm, copartnership, joint venture, association, :ia1 club, fraternal organization, corporation, estate, trust, receiver, syndicate, is and any other county, city and county. city, municipality, district or other itica1 subdivision, or any other group or combination acting as a unit." worth of pub 1 i c or private staff, Boards, Commissions, Yes No x If yes, lTE: Attach additional pages as necessary.) ODHARK & THELAN ff~nature of contractor/applicant / 8/31/90 date 3058A ODHARK & THELAN Pnnt or type name Ot contractor/appllCant QUALIFICATIONS: As discussed above, the ability of Odmark & Thelan to perform is evidenced by our past successes. REFERENCES Pamela M. Hamilton, Executive Vice President Centre City Development Corporation 225 Broadway, Suite 1100 San Diego, CA 92101 (619) 236-7101 John Lockwood, City Manager City of San Diego 202 "CO Street, 9th Floor San Diego, CA 92101 (619) 236-5941 James L. Spotts, Director City of San Diego Property Department 202 "CO Street, 9th Floor San Diego, CA 92101 (619) 236-6144 ~'-'1! EXHIBIT "A" TERMS OF OFFER / FINANCIAL BENEFITS TO CITY OF CHULA VISTA Purchase price $ 720,000* Plus profit participation 25% of gross profit upon sale of project** * Purchase price is based on 96 units (or $7,500 per unit), all cash at close of escrow concurrently with commencement of development (i.e. issuance of building permits); ** Profit participation is based on 96 units and a construction start date of on or before 7/1/91. ( goelen 0nterpn,ses f I' I II, 'I '] August 28, 1990 The Honorable Mayor Cox and City Council City of Chu1a Vista Chula Vista, CA I' Gentlemen and Ladies: Although we have been aware of the RFP for only a few weeks, we had originally investigated the property on Bonita Road for development a num- ber of years ago. Though the remaining time allotted was extremely short for develop- ment of a proper proposal for a project with a scope such as this, our in- terest is strong enough for us to have worked up the enclosed in rather short order. Though brief, we believe that you will find it sufficiently comprehensive to base your positive decision to go forward with us on this proposal. Also, initial investigation at the City level has brought us to be- lieve ~hat the Cityrs thinking is very compa~ible with what we believe is the proper approach to development of this parcel, and ~hat we are probably uniquely bes~ placed at ~his moment ~o be the developers. We are Nhands onN developers in ~he ~ruest sense of the word, person- ally seeing to all aspects of what we do from original marketing studies to final design, construction and operations. This holds true even in the large resort hotel and marina project we presently have under construction. Timing is also good, as we have just recently commenced the search for our next project. Therefore, we have done what we could with the attached in the time available, and hope to then have the exclusive opportunity ~o work fur~her with the City on a comprehensive plan for development of this beautiful piece of land. Sincerely, JOEL EN ENTERPRISES ~~~ Lenore s. Citron \ws5\bonita 8rfp28 ~~ - f" ',1')"(11:" " ~-) ", I~f\ r)')'. 1 C II 'e,1 /1')'") (lOOn ,- ,f\ V 11;1 (11 /!~)'1 rlP\.l/1 goelen 0nterpn,ses August 30, 1990 The Honorable Mayor Cox and City Council City of Chula Vista Chula Vista, CA Gentlemen and Ladies: Proponen~s, Lenore and Josef Citron wish to be perfectly clear about their intentions regarding the adjacent 4~ acres contiguous to the Eastern border of the 3 acres which are the subject of this RFP. The 4 acres are presently utilized for parking and clubhouse/restaurant for the golf course, and are at this time under lease to American Golf. Proponent's plans show the resort hotel constructed on the 3 acre site, including sufficient parking spaces for the resort's exclusive use. You will notice that Proponent's plans also call for a one-story extension of the hotel structure to the right, (Ease), across che dividing line be- cween che cwo propercies, co be used as a porcion of che meecing and ban- quec space of che hocel. Also shown is a connecting canopied walk-way be- tween the resorc and che exiscing clubhouse. If necessary, Proponent's architect suggesced chat the one-scory scructure could be moved West under the main structure, solely on che 3 acres. This would tighten up the sice considerably, and could possibly lead to height questions. A becter plan, and much beccer use of che propercy would be, as Proponencs suggest, a master-planning of boch properties. Proponents had one meeting wich American Golf, but due to cime constraincs more discus- sions will need to be had when -and if- Proponencs are granted exclusive negotiation rights with the Cicy. In any case, the undersigned stand ready to sit down and work ouc with the City, adjacent tenants, and any other body with legitimate inter- ests in the area, whatever is fair and proper to all parties in interest to make the City's plan for the improvement of the property to work. Sincerely, / / 7"><. ~ /~ :: ( (~_. {;,/ 64" J~/ Lenore S. Citron \~s5\bonita\8rfp28 8cvamgtf ,.-,.'",..!:: J. r..) ~~-'Ir nn 1 ~ ,., rc-. ~,-n /1 r" (,(")(' ! f\ V Ir'~ (1\ /1'l~J (10\.'.'1 ~ EXHIBIT ~ THE PROPOSAL \ws5\bonita\8rfp28 ;)(,-1(-1 J I I August 28, 1990 Bonita Grand Go1-f Resort),.., A P~~j;:t; :~~~:' ~~~:~~~.e. .".~,~'~~:~.:;,c~.:,~.:,;,~,~.~,_,I':""."'?"";~1,,,~:i',..~..' ":':y'(~;'~:~::~;~;g/' ",:' :,' ,? ",; - ~, . C,:;;':,".f,;,c.:;,;:;;;:,- - . ',~- '-'.~):-:~: ,~',.,-:~:?'" The Honorable Mayor Cox and,city,'icouncil and Community Development0Department City of Chula Vista . ,,v'" 276 Fourth Avenue ~ ~. \' Chula Vista, CA 92010 ,,,,'A.,~,~""';' '",'-.' ,', ,: -, - .' ..~. Attn: Mr. Lance Abbott, . community Development Specialist re: Response to RFP for Development.of Property on 4400 Block, of, Bonita Road ..' 'j:,' ;, Dear Mayor Cox,' CounciLMembers cand,Mr..Abbott: is This response to, your,'"RFp,for,{the made by Proponents: "C'''''':')0')/'",:,,',,,',),, ,','. above-referenced property :t'-..'.... A.) Josef A. citron and Lenore S. Citron, terprises, a California Partnership 1972, and whose business address is: DBA Joelen En- established in 5000 Coronado Bay Road, . Coronado, CA 92118. Phone: 619/424-2200 FAX: 423-0884 B.) The terms and conditions under which the Proponent, Joelen Enterprises, is making this proposal are out- lined in Exhibit "B", attached hereto. C.) Also attached hereto as Exhibit "c" are conceptual drawings and site plan illustrating the proposed land use. The following is a brief description of the pro- posed use and improvements. Proponent, Joelen Enterprises, considers an essential ele- ment of proper development of the property for the proposed use to be the master-planning of the subject vacant 3~ acre property together with the adjacent contiguous 4~ acres to the East, which presently is improved with a parking lot and restaurant-cum-club- house. The completed new improvements would consist of a low- rise upper-mid-Ievel luxury resort hotel of approximately 200 rooms with an average each of approximately 400 square feet, plus circulation, public areas, and back-of-house, (hotel operational areas), and parking. The buildings will comply with the existing height restric- tion of.3 1/2 stories or 45 feet, and ground coverage of 40% or 5000 Coronado Bay Road - Coronado, CA 92118 .-~619)424-2200 - FAX(619)423-0884 ~fI-'f7 less. In shortt it is, Proponentsc;intent, to follow all, regula- tions and ';requirements,h;as'?,theY1"understand",them,~, presently~in place 'in,this ,'city" for' the'C-V'~ Visitor;~Commercial' zoning' this property. ' ' " , Included' will' be an upscale food and beverage facility, ,pool and sundeck, spa, sauna,' exercise room,,-sundry'shop, about 14,000 square feet of meeting and banquet facilities, tennis courts, appropriately 'lush landscaping' and,' the requisite loading and parking facilities. Again,' it is felt that a proper use of the subject land will be a combining of the property to the East, so that the total improvements will- inClude the golf clubhouse, pro shop and appropriate "19th tee" facilities. The plans will provide for suitable easements for the exist- ing jogging and equestrian paths -which proponent, Joelen Enter- prises, feels ,is a 'necessity to ,maintain the charming rural char- acter ofthesite-cplus'a'proposedbicycle path. A concern of Proponents is the possible need for a means to handle local and other storm water from properties to which this property is ser- vient, for the'total site, and they will look for a cooperative effort to handle any potential problem from this. The hotel will be designed to attract principallY a mix of upper mid-level, business and professional groups, as well as in- dividual and family travelers. Proponent, Joelen Enterpris~s, feels that a motel or lower-quality hotel would be a misplaced improvement on this property. As the site adjoins the golf course, full advantage will be taken of the vista of this attractive property from the hotel. The exterior architecture will be warm and woody in a contempo- rary manner, to blend well with the horsY/sportY/outdoorsy nature of' the area, the gOlf course and parks to the North, while turn- ing a neighborly face to the existing commercial uses to the South. Proponents' adherence to a residential feel in their ho- tel development will also make this hotel a good neighbor to the residential use to the West and other nearby properties. ; I i! , i I , , ------------<>------------ San Diego County area hotels average between 61% and 65% group business, and this hotel will be no exception. Not being on a freeway makes the site ill-suited for a motel, as stated above. Absence of an adjacent major business or industrial cen- ter also makes the site inappropriate for a commercial hotel. Therefore, proponents have adjudged the site suitable for a property attractive in large part to smaller groups of ten to 225 wishing to hold corporate and other business meetings, seminars, incentive vacations, conferences, clinics, symposiums and other similar assemblies during their stay at the hotel. The majority of these ,functions are held from fall through spring of the year. A primary reason for these groups to assemble at this hotel is the golf course, and arrangements will have to be worked out with . .' the.operator of the course for,this business The facilities,will also attract the upper end of the local affairs, engagement parties, weddings, graduation parties, .anni- versaries, Bar Mitzvahs.and the like, as well as locals using the restaurant, 'bar, 'and other facilities of the project. Proponent, Joelen Enterprises, has a reputation for remain- ing very sensitive to local needs and desires. Therefore, the developers will welcome input'from the appropriate local authori- ties and organizations, and will work with them regarding-inte- grating the Sweetwater Valley' Museum displays' onsite. ._ The de- velopers would also like to have a Chula Vista city Christmas Tree on site as an annual tradition. ~ D.) A short resume' of the Developer-Proponent, JoelenEn- terprises, is attached as Exhibit "J". The exhibit includes some historical clippings together with information about their latest development: the Coronado Bay Lux- ury Destination Resort Hotel and Marina in the San Diego Bay in Coronado. They presently have this project under construction and it is scheduled for opening October 1991. Proponent,~Joelen Enterprises, and the City of Chula .vista had previous experience of each other in 1979-80 when Proponents built the "Briarwoods", a 169-unit condominium project at 54 and Briarwood Road. As stated above, at this time proponents, as owners and developers, are under construction on their ninety- million dollar 450 room Luxury Destination Resort Hotel and 100- slip Marina on Crown Isle at the north end of the Coronado Cays in Coronado. (Thomas Guide page 68, EF4-5.) Planning and permitting of the project began in 1984. Opening is scheduled for October, 1991. The developers chose: the firm of c. W. Kim, noted local hotel designer, as architect for the Coronado project, and he had enough interest to personally do the preliminary plans and plot plan submitted with this proposal (some of his credits are of- fered as Exhibit "F"); the Loews Hotel Corporation as operator; and named the finished product, Loews Coronado Bay Resort Hotel & Marina. Some Exhibits, (labeled Exhibit "H"), are attached re- garding this property as well. It is suggested that if the Chula vista City officials wish to properly consider this proposal, they will find it worthwhile to take the time to come to Proponent's office at the hotel site in Coronado, where they can view plans and drawings of the Coronado project and see it under construction, to judge Proponents' qualifications for development of the subject property of this proposal for themselves. E.) Financial benefits of the project to the City include: 1.) Income from lease payments and projected eventual purchase price of the land; (See Exhibit "E".) ~ (, -SO 2. ) '",Transient. occupancy tax on all' rooms income; "." ~ ~ . ,:< ':.--t.;_:,-",~,::":>:"-':""__ -:',;'.' ..,C-">',.:,'':::'" '''':' ",:':,_;;. ..: ,',,' ,:__ ,v:;sales.t:and;use: taxes:' from'l retail:jand "'food ;:and erage sales; ." . - - - . . bev':" c'. " 4.) Projected increase' in business and. sales taxes ',' from .nearby;'retail outlets as ,a result of; the proj ect- 'edover,.,,,90, 000, guests per, year '<, plus-local' business that, wi'll ,be attracted to the site. 5.) Additional rental income to the city from the present adjacent golf operation as a result of the in- creased number,of golf rounds that will be generated at the course'. by the hotel. 6.) It is expected that more than 175 people will work on the 'construction and furnishing of.. the hotel over abouta,two-year period. 'Then, approximately 170-185 people will receive permanent employment when the ho- tel opens, in management, reservations and reception, bookkeeping, bell staff, food and beverage preparation and service, housekeeping, maintenance and groundskeep- ing, security, and other jobs. Hotels, especially resort types, have proven to be ex- cellent sources of training for young people learning a lifetime trade or profession, where there has tradi- tionally been good opportunities for moving up as high in the worldwide hospitality industry as one's abili- ties, desire, and willingness to work can take them. In a resort such as this, local young people interested in a career in the industry are especially welcomed. F). The proposed time table for this project is attached as Exhibit "I". Should the city elect to enter into negotiations with Propo- nent, Joelen Enterprises herein, Proponents are prepared to then provide the city financial information together with bank refer- rals and verifications as required by the city. Sincerely, JOELEN ENTERPRISES Y . / ~/,~ Lenore S. Citron, General Partner JAC: ja encls. \ws5\bonita\8rfp28 EXHIBIT "B" TERMS & CONDITIONS OF LEASE ',PAYMENT/PURCHASE PRICE Proponent, Joelen Enterprises proposes to lease the subject property for a period of 66 years, in order to be able to satisfy the primary lender for the project, with an option to purchase to be exercised within the 5th to 15th years. Negotiations for lease payments and purchase price are expected to have a basis around three million dollars, ($3,000,000.00). ease payments should be based on a graduated scale, working up to the following percentages for the rest of the term of the lease: 6% of rooms income 5% on beverage sales 5% on banquet and meeting room rentals 3% on food sales 10% on retail sales 10% on telephone income The attached "Exhibit G" shows projected income to the city based on the above percentages, after occupancy stabilizes between the third and fourth years of opera- tion of the hotel. \~sS\bonita\8rfp28 ,. ~ - 51 \wsS\bonlta\Brfp28 .,~ . ." .....,.,. ...-'"'. srTE.PLAN' ,........ ";" - .,-. '. - >-'---'" '/.;.., ".:..,:.::!.'~,)f..:,~:';:_~:' ->~''!.'-. ~';...:;' _r ,',,,. .. ,,_,:_'~"" _ ~ ;',_' . _ ". '. .. . (Full Siz~~r~,:,ings"Av:'i.lable) .,,;;,}'Et~;;'z;~;~f1ffr~Wt;~ "\: .....v'. .<>"" '.., ~.;.'- -""'''-- , ~.- ~''-':~ i~:!.:";' -",,;,, ..~.;:;~~'~-;;:.:; .-..:<',:~: '--'-~_ .,~c...,,. . ;: - ~~. \~~';:;::;: :;: c..' ~ ~ ~S" """"0 (-~:D .~ ...1- .:-..t- r-"" -"'.'- <"~-, ,_T ,-" '-,~. -_:,~!:- ~,~~;~ iii;;l'~ (> ~~~~~:jt~\- \ '''~1:1 ;):l~J:;~~ ~. lZ .~ l:l. I. LU !:: , :~ ~ .1. .'Ri.~....~wl ,.-"'011 ',. E . ',:~ - 0< ~ ~ _ :ID_2~ Be.:: >-< ~4&.:_~< e815~ ""- ~~ ..", --~u .~-t. '~ ". ~~ '-.' EXHIBIT "D" WAIVER AND INDEMNIFICATION AGREEMENT As partial consideration for the purchase/lease of the real property consisting of 3+/- acres of real property located within the corporate boundaries of the city of Chula Vista, California, located on the 4400 block of Bonita Road (portion of Assessor's Parcel No. 593-240-24), Rancho de la Nacion, Map:166, and presently owned by the City of Chula Vista, the undersigned and all heirs, executors,'administrators, successors and assigns of the undersigned hereby jointly and severally covenant and agree to waive all existing or future causes of action against the City of Chula Vista which arise out of or in any way relate to the design, construction, sale, occupancy, or use of the above said real property, and, furthermore, agree to at all times indemnify and hold and save the City of Chula vista harmless from and against any and all actions or causes of action, claims, demands, liabilities, loss, damage or expense of whatsoever kind. and nature, specifically including all claims of neqligence by the City of Chula vista or by any of its employees except those caused by the sole negligence or willful misconduct of said city or any of its employees, which said city may at any time sustain or incur by reason or in consequence of the design, construction, sale, occupany or use of the above said real property. i~ i'-7o dat ' ~/fZ~ ~L~ 1 ~(, -5'1 EXHIBIT "E" CITY CHULA VISTA " DISCLOSURE STATEMENT Name of Contractor/Applicant: JOELEN ENTERPRISES Nature of Contract/Application: RESPONSE TO RFP Location of Proposed Work: 4400 BLOCK OF BONITA ROAD Contractor's Statement of Disclosure of Certain Ownership Interests on all contracts/applications which will require discretionary action on the part of the City Council, Planning Commission, and all other official bodies. The following information must be disclosed: lA. List the names of all persons having a financial interest in the con- tract/application (i.e., contractor, subcontractor, material supplier, owner). Josef A. Citron and Lenore s. citron lB. List the names of all persons having any ownership interest in any real property involved in the contract or application. NONE 2. If any person identified pursuant to lA or 15 above is a corporation or partnership, list the names of all individuals owning more than 10% of the shares in the corporation or owning any partnership interest in the partner- ship. Josef A. Citron and Lenore S. Citron 3. If any person identified pursuant to lA or IB above is a non-profit organ- ization or a trust, list the names of any person serving as director of the non-profit organization or as trustee or beneficiary or trustor of the trust. N/A 4. Has any person identified above had more than $250 worth of public or pri- vate business transacted with any member of the City staff, Boards, Commis- sions, Committees and Council within the past twelve months? NO 'Person' is defined as association, social club, receiver, syndicate, this pality, district or other nation acting as a unit." "Any individual, firm, copartnership, joint venture, fraternal organization, corporation, estate, trust, and any other county, city and county, city, munici- political subdivision, or any other group or combi- (Signature Page Follows) ;Jr. .55 \ws5\bonita\8rfp28 I -; J .._ ~_?'::~c-.. , ~ t. i EXHIBIT "F" ARCHITECT'S CREDITS & EXHIBITS (See Attached) 1 ~(,-5/rJ L t~~~:. I>.,~,'. ,.'..'" -1(,.,.,..",,' . ~~~s~~;'~:, 13>'';'' "'" i~!:';:~'(':: I,:', " ~'''f~': ~~ff i I ;-.:',; I t.., :"t.t~':_':".. I ~ I I t . .' ". ..~~-:~~.~~j~.;~:~:i:~:L:~;~::. ;~' .. ":' PROJECTED.iNcoME;'To'THE'; CITY :.. .<)c.~ """,","-;," _', .". " "J, '..' C",.,', . . ,'--,-."'" Using the figures in the proposiil,!.Flease' payments, would be based on a graduated scale, working upto:'''6% of rooms .income, 5% on beverage sales, 4% on food sales and.10%.on'retail sales. The graduated scale would start at a somewhat. lower level, as- sisting the project with time to stabilize occupancy. ------------<>------------ Based on the above, the project could be expected to generate the following income for the City of Chula.vista,bythe.fourth year of operations, ("Stabilized Occupancy'Year"). . Room. rates, as well as lease payments, could be anticipated ..to.increase on an annualized basis. Past experience shows that the annual increase can be expected to be at least 5%, with inflationary pressures insuring even higher numbers. (Unlike most commercial rental properties, hotels can be responsive to upward inflationary in- fluences almost on a daily basis.) The year's income to the City would be as follows: Rooms $439,898.00 Food 104,762.00 Beverage 66,356.00 Retail Sales 25,876.00 Banquet, Rentals and Other Income 10,136.00 Telephone 15,059.00 YEARS' LEASE PAYMENT TO CITY $662,087.00 Transit occupancy Tax 586,531.00 TOTAL YEAR'S PAYMENT TO CITY $1,248,618.00 \ws5\boolta\8rfp28 ~(. - 5 r .; f,' i- t;- ~~: ~" I' t. ~"~ t i~ t. ~~' ~i~ t. ~i ~, ~~, ~~::.~ ;t.'! ~",,-, . ~t.\ 1<-. , J:, t~ '. .' EXHIBIT "I" ,PROPOSED PROJECT TIMETABLE ITEM TIME Negotiations, Developer and city 60 days (1) Drawing legal documents 60 days Open and draw escrow documents 15 days (2) Market study, due diligence 120 days (3) Drawing plans and specifications 180 days (4) Bidding and'contract letting 90 days (5) construction 18 months .----------- TOTAL TIME: 36:!: months Hotel opening: september, 1993 ------------<>------------ NOTES: 1'(1) + Additional time as may be needed for city actions. ~- 1~(2) + Approval time for city as needed. :(3) This time could start as soon as initial agreement is reached I~f":'~~"':~' ~~~r:~~~ialired between the City and the Developer, and run oon- ; (4) This period is an absolute minimum for completing plans for a resort hotel. It is an extremely complicated "little city" of ~:'~ it. sown. l ~i:; ij' ~. l~' " J., (5) Involves much more than any comparable cost structure: Plans, spec'ing and bidding must be done on FF&E, (Furnishings, Fixtures and Equipment), OS&E (Operating Supplies & Equipment), \_'. and Kitchen, Bar and Restaurant, as well as the normal structure, t engineering, plumbing, HVAC, electrical, offsite and landscaping "work. Involves a minimum of three separate and different disci- plines, plus the hotel operator, with whom an agreement to manage must first be reached, and who should then be involved in all of the above. " :, " \ws5\boolta\8rfp28 ;)(~ - 5'/ 'i,,{, - ,- ~~-5' ....- ;~ goelen &nterprtses EXHIBIT "J" DEVELOPER'S RESUME' AND CLIPPINGS \Ws5\bonita\Brfp28 5000 Coronado 8iiV Rrl ;) (, - fll . r:nrnni'lrln rA q?11 A . fR1 q] 4?:1-nRRn . F^X. fFi1 ql 4?:1-nRR,1 ... goelen enterprises 4 JOSEF AJ:ill. LENORE CITRON FOUNDERS/OWNERS JOEL EN ENTERPRISES GENERAL PARTNERS. CORONADO BAY. HOTEL VENTURE Joelen Enterprises was founded in 1971 as a general partner- ship between Josef and Lenore Citron. The pair joined forces in marriage and in business, bringing together their collective experiences and talents in the real estate development industry. Josef Citron had already developed a career in construction, residential development, real estate and investment since 1954. Some of Josef Citron's earlier accomplishments include: * 170 unit housing tract in Paramount, California * Citron Realty and Investment Corporation, 56 million dollars in homes and apartments, San Fernando Valley * Marketing Director Midland Properties, Beverly Hills * 254 housing units in Thousand Oaks and Conejo Valley * Developed a heavy machinery manufacturing business for reinforced concrete for pipe and road bulding * Building large, custom homes in Beverly Hills, Bel Aire a~d West Los Angeles With the formation of Joelen Enterprises, Josef and Lenore Citron began their Coronado based firm, specializing in the development and construction of quality real estate properties throughout Sout}lerl} California. Their developments i!lClude: * A series of apartment complexes in Santa Monica ., A unique 148 Ul1it apartmellt comnltJnity in Vista, CA ~. 5000 Coronado Bay Rd . Coronado, CA 92118 ~~-,~ . 1619] 423-0880 . FAX [6191423-0884 ,"Ii."':"" '"~ i I I I 1-. I ,.--. .....,. ... .. ............. ... 1"" ~....... ...........-~ ......:::J ~ ....... ..,...,.,.........,....-............ .r~ Real Estate/Construction ESTABLISHED 1886 VOL. 105, NO. 26 TUESDAY, MAY 8,1990 2131 THIRD A VI 'W. .,;~ ' -,,-iJ .:'.;.~~'t;~.~- -- ~ Ground Broken For 450-Room Loews Coronado Bay Resort Hotel And 97 -Slip Marina , Ground was broken yesterday at Cro\\'n Isle, a 17.4-acre uis1andH 6'south of Coronado along the Silver Strand and north of the Cor. wnado Cays, for tbe $80 million., 4SO-room I.....oews Coronado Bay Resort and 97-slip marina. Participants includf'd Jonathan Tisch, president and chief executive- officer of Loews Hot.els, whose firm \l,ill manage the property (or tbe owners, Josef acd Lenore Citron or Jo-elen Enl..erpris.e8; Coronado Mayor Mary Herron; and John lrnanishi, reprc6cnting tbe in\'estment firm MKK Associates - COt:1pri5K1 of Marubcni Project Investment Co., Tekken Proje-ctln- ves.tment Co., KG HoLi'l Coronado Corp. and KS San Diego Ioc. Mrs. Citron christened the hulJ of an antique skiff to mark thE' beginning of construction. Tisch saJd LoeW6 hed "s{>arcbed Southern Califor. nie {or years for tbe perfect property (0 bear tbe Loews name - and we found it u;th the Citrons and tb.i~ project." He said the property Uha.ct ihe key ingredients to be one of the country's most spectacular .. . destination resorts." All4SO rooms and suites in the botel "ill offer I view. or tbe, ~y or tbe ocean - and aome "ill bave botb. There will , be 35,000 sqlf,'re reet 01 meeting space, inoluding a J4,ooo.square, ' foot ballroom. a 5,oo<l-squAu'.(oot fitness center, five tennis courts and a large swimming pool a.cd sundeck area. Cruises from the marina will offer an alternaltive location (or seminars and entertain- ing. Gue.ts will bave aeeess to Silver Strand Stat<! Beach via a pe- destrian underpass. Plans call (or a specialty restaurant and bar, an inlormal restaurant lor all-day dining overlooking tbe marina. a lobby lounge witb d\)' ,ie,,'. and a food and beverage outlet at the pool pavilion that also "ill serve the tennis and marina areAi. Other amenities \\i)l inr.1ude .8. pro shop, clothing boutique. hair salOD. and jewelry store. '~-" --~. ..,........... €I~ t r r l I" ~ r- r ! -\ - , I I I t r \ , ! i ") , ! [ I -' I \\ I \ \ \_~) , , . I I , ~ ; . \ l__.. , L t f . FROM KAWASAKI STEEL CORPORATION VoL 12 No.3 May/June 1990 , t. /,-. Tt;~ ;,~~" . ,<'.. 0: ;.~.i- Sa. of Coro"aiQ nea, San OB>go In Soc;,~e", Ce":':;'":';:;' s-,:).'''s the 5"f c' :; '-:c.,ior reso,", h:'l6.' C6-.'elco;:,.7ie;;; prOfeCl m wh;c'j f:"...~~., S:~:'IS P,,-:',C:;J=='"'g Fo' r'",(Y2 O'f:3"S 0' ;,\i US~~~ ,-:o;;';"or; P<)i~:;: sO',:: s:~~,' 0" ~:,;~: Close-up: OU' 17':2,11 2r::::; ;:- :.:.:.;;es 3 ana': [s at'.'c~~c 1:;;; S_~'~,' :' ;he i21es! KSC pro, d~:::. ;;;::~::; -~ :-:; ':,s:.J!;s c: c':ver' S;!-::::2:.:,"" S:'2:::~::: :-21 h2'.S slg'1illcafJiiy eC2":ce: p::=_=' :;::=gO~IES They range lrc;~ ex;S;:5::::~: ::: c.;' spe:ic! s~.ee!s 10 nb', r;-',2:e'l2.iS ;-:'~::: 'Ig cera:71!CS 2nd CJS~'E::S 2~: :: -J ::1e l~'nKe'j' sysler;;$ 0..1: C'JCJC;S :: ..::':::: 2'e dEs:rl~d Iii 1'1;:;'2 d~:c' ;-:--:e:l;lc-,ECl ir, w'\:~ 'E:::::: ~ c. .- '':-'':',ec KSI (USA) Ficc:s r,12jOr Bond ISSU0 _,' -, >.'Z; c: -T miiijG~ b::J:,j ;SS:..:2 t, Io(S' :....c~ ::'E.::~-:~.:: p~e;::ede~' n t~e ~iS r3r~.€-::..:-: -.; :-.~ l:rSlISSU':- ~lo2;ed i:'e~e C,' '~2 5~::~ :: ;:-: 012 JapcleSE slee' C2"'-,;J~~.. Kawasaki Wafer Technology Established in Silicon Valley The succe~s c' t\3>\, I<(~<::-s S :':::;""".~'=' P:Oe'UC:lcr :~ Cc.::::;~~'c.s S':::- Vaney. lies De~:'1c :.''';02 ~c,2' ~O\'e::~- ::;-: c,:8 C X~)2"':~;G1 c! ~2:: < '? S ~~. ~. ,~~~ ~ 21"',)e n ~~?e 5 :\':": v, ,': ,~,~. c. new C::::'-':;:::",,1' ''^ !2::1.!1':?:: c' ',,' ~,~' - ~ J\,\,;".<::, :,,' - c 0'" :,~ ' 1 F.'I', ".- "C'" 1'1:;. - 'I:' "".._~,i:'J!IJ,') P:'E_'" 1 ,..-..- . ... L;.- KSC Joins Partnership to Create Major Resort Hotel Complex on 12.8 acre Site :0~~~~~-' . ~~,:'.~~~:':~::,'~,w --~....~ ~ .----',,.,..,- ;.- \1-~ t..'._,"":- . .~.-~9,; . I~ - , " ..: .-7' -,.:. ~ :,~-.. . .fr.~'''''-.<.. r" ,- .' < . , .,. ,( . f. ~ \- -';j:. ~ . .- .(./ o -;''''1!L .S!;;.!.~ ."'~~::; -f,~~;.I$)~ ~':''E"f:~ :':~C~".&.\D; :?.~y ;7~:;TI mrv, C()l!O"'ADO"'''HOrn~f Of:l.D<IIJ'<TEV'I,lS6..-.:J;~m saki Steel is joining :he MarcOeni )raticn, a iead:,1g Japanese :rading nancing C:lr.1pany. t"1e rC,7.aga1- , one of Japar:s largest c:::r:s:..-ccjon 2.f'ies. an': Joe!en Entef~risc5. a rful10cal ceve!oper, in 2. c:::psortium ve!cp a pr:.'Tle Soul~ert, CcYcrni3 sa rescrt 2nd hc:ei c:::i7:;::,ex. huge, 128 acre site is !cc2:=d on orci,ad2 821', just 2CroSS ~;-e gay e lrom S2n Diego 2nd 'o'er'/ ~e3r lo ~exlccn Dc.Ger an cree. t:Essed ......Ith V2CC:ion we::.~nEr !er ~ucr, oj ;rle Tr.e LOe'8S Ccron2da Ec.'v ~escrt iEmu2iiy ;Jrcvlce ~50 rc.:;:-:-:S In Lve. -s:c~e'i tu'!d:r.;;s ,....r,er, ;t ,S C:::J- j in A~t'~~n, 109' AI: ~(>:~s I.~i! '<"enS (:1 '~e 522. 2~d '-c'::; I.,.: te "-:~C-:(==-S,"~ ~--, :.c::::s, :.-:;'1'1::' ,::C:~,"'::.::.-: -;;2,;n ':-:<:; , ~ xc.-, [C' ~ ,:::;' =::::;r in .'-2 ::ro i\:: :~ --~;"L S:c,?i'S :::'~ ",nC<I~::: :.:s '-.) '.:t:',o' ..c,,,' Holding Corporation, a subsldlarl of lei:! multinational conglomerate. Lc€ws Corpo- ration. Loews Hole! r.as long been an ex- tremely successtul hotel operator In East coast U.S.A. (in New York and 'Nas;:,rg- ton). in Europe (France 2nd ~.~0naco), and the Baharr,2s. More rec:ent:y. ,t has scc;ed similar successes 2t ihe Ar;zona VE-f.:2na Canyon Resort ana the SaCia'.'cnlca Beach Holel A subs,dary 2150 ,uns a world.wlce 2SS0C121,cn 01 386 f;}te,s 2::d the prestigious "Grar',de Coilec:ion" oi !'Jx- ury hotels. lis recenlly jorr..ed jc,nl \'e:~;.;re with Ccvia. ~'le op€ralor oj :iie APOLLO airplane iilght reservation sys;e01, :5 desli~ned 10 lur1~.er Increase :t-'e 2bl;:\Y 10 gener2te bock,r.gs :iCi71 ;:>=:2r.;i21 ;,--::S;S wor:cw;Cc. The aie the c:::~.~c-.:s -=: ~'-,- r-',; k ~ ,\.., SOI';2 :,'vC :~; :::;s :=;f 1:-<' :::..,'-0'~.' r,elc ~''i :J,>:r 'CC2i ,:,;~=::: '0' i'~ct ""'3S :::..:::-:r, :II:lr'n:'~ :'l '-,'~ (!) San Diego - Bay Bridge / Hotel Site Thf map shows lhesitB b::alion. J5 minutes by C3 .>:1tlSS Ih8 Bay Btidg. and tI8al". bard'" wi" Mexico. An artists rnpression of /he competed resort romp&. record and high reputation of Joeten was another factor encouraging KSC participation. San Diego is already an extremely popu' lar resort area, with large. modem conven, tion facilities, the largest zoo in the wortd, :he famous "Marine Wortd: and close proximity to the Mexican border (30 min, utes drive) for :hose who want to sample a completely different ambiance. In 1992, the area will host the competitors for the Americas Cup yacht race, and the hotel's marina will be able to berth 97 yachts and motor cruisers to cater for resort guesls arriving by sea. The project is unusuaf in that the owners at the resort complex are also taking:he entire responsibility tor building the $88 rnii'lon resort themselves. This gives KSC :te cepo~unlty 10 bUild on expeflence ac~ q~:red in building SBveral similar projects In Aus:r2Iia, Ha....'2ii and oU--,er prime IOcaliGf,S. . ~ ,- ". r..,;", :;;Ct ..l.U~ opc:r,-,::C ~ loi',I, h- ;: r;C.""f'. 'f; .~ " ,'!( . , ~,. ,,< " ,; l I ~ NEWS FROM WEWS HOTELS Ui';~IA O_kLtn ur.FJll.IJI. V1~i' 1"rP.~r1F,m 01 pl.Jt:JI/c flkJfJJ./UlJJ. 667M~~J.W<'l~, N()W \tlJt(, H_Y. ~...ti/(Z~5452m FOR IMY.EDIATE RELEASE May 7, 1990 LOBWS Rent-Ill ~t.eo""'lll "'~"'RI> LOIlW6 OOIlONADO !lAY REBORT WITH GRomm BREJ.IrIXG BRIlU:7J.8T 8PUSH COIWIIlADO, CA, IlAY 7 -- Today, Loewe Hotel" celebrate" the ground breaking of LOEWS CORONADO ~y RESORT with a breakfast for local dignitaries, clients, neighbors and friends. Construction of the 450 room luxury resort. hotel and !>7 ..lip JIlarina is scheduled to begin immediately with completion in the Fall of 1991. Gu@sts gathered to ~ip coffee, munch bagels and meet the principals of the project, Jonathan Tisch President _ CEO ot uoews Hotels, who's cocpany will manage the property for its o~ners, Josef ~ Lgnors Citron o~ Joel~n EnLerpr1s~s and John r~anl~hi representing MKK Associates -- Marubeni project Inve5troent Company, Tekken Project Investment company, KG Hotel Coronado Corporation and KS San DIego, InC. .. .. .. .lnore. I i ~. , ; - 2 - ~. One ot the morning'& highlights was when Mrs. Lenor@ citron did the honors and christened the hull of an antique skitt to offIcially .ark the beginning of the construction and the co~pletion of their rive year development effort. Coronado Mayor Mary Herron also spoke and welcomed the city's newest neighbor. Speaking far himself and his wire tenore, Josef citron said, -Today we are celebrating a signal event in our lives, and we think, a special day in the history of the Coronado Cays. With MKK Associates as financial partners and Loews Hotels as our managers, we tee 1 we have the perfect team in place to bring a premier destination resoct to Coronado and the city or San Diego. Five years of planning culminate today with the beginning of construction on a beautiful building which will enhance this magnificent site as well as the lifestyle tor the residents of our community.. Of the 17th addition to the Loews portfolio, Mr. Tisch said, .~e searched Southern california for years for the perfect property to bear the Loews name and we found it with the Citrons and this project. We have baen in the hotel business tor nearly '0 years and have a proven track record in operations and marketing, and ~ith a strong prssence in ~GW York, Chicago, D.C. and in San oiegols ~ey fe8der ~rkBt - Los Angeles, with a sales offIce dnd a hotel - we know where the business 1~ tor this rE:sort_ " ..... .~ore ~ (, - ftJ!5 ~ I - 3 - -, "i Mr. Tisch continued, "This property has the key ingredients , .& ~ ~- $ to be one at the country's most Bpectacul~c destination resorts upstanding owners in the citrons and MKK Associates, a one-oi- a-kind site, an accessible location, design and decor befitting ~ ~ o the locale, ~e~ther that can't he ~at, and a captive audience ~ ~ with all eyes on this year-round oasis -- especially as the America's CUp returns. As all our hotels are, we are committed to being 900d neighbors and to becoainq entrenched in this community. Loews coronado Bay Resort joins our other distinctive western region properties: the award winning Loews Ventana canyon Resort in TUCSOn, L.A.'s first and only luxury beachtront ~ , , ~ ~ hotel - Loews santa Konica Beach, Denver's finest Loews Giorgio and the largest hotel in ~rica's southwest, Loews Anatole in Dallas. Welcome Aboard LoeWB Coronado...~ The resort comple~ will occupy. 17.4 acre island in San Diego Harbor called Crown Isle. The site is on the north end ot the Coronado Cays residential development and is surrounded on thr&e sides by 3,500 feet of shoreline overlooking the Coronado Bay Bridge, downtown san Diego and the new marina. All of the 450 room~ and suites will offer v1G~s or the Bay or the Pacifio Ocean, and some Yill enjoy both. .....more - 4 - The property will serve the individual corporate. group meeting. and resort markets and offer an ideal location for each. While guests will enjoy privacy on this secluded island. they will also enjoy being only twenty ~inuteB tram Lindberqh International Airport. fifteen minutes trom downtown 5an Diego and a two minute walk to the ocean. In addition. vater taxi service will ba provided to the new San 01ego convention Center across the bay. Heeting and runction tacilities will total 35.000 aquare teet of divisible meeting space including a 1.,000 square toot I t t ballroom and outdoor terraces Offering expansive views. Of additional interest to meeting planners will be cruises from tha hotal's ~arina which otter an alternative location tor eeminars and entertaining. t 1 I In Keeping with Loewe Hotels commitrent to providing quality fitness facilities for its guests, tna new hotel will feature a r , 5,000 square foot fitnee6 oenter, tive tennis courts and an , I extensive swimming pool and 6undeck area. GUGstG will haVe priv~te ~cces& via a pedestrian underpass to Silver strand State Beach. The scenic Coronado Golf Couree 16 nearby and tUGre are also 67 other courses in the area to Ohoose trom. _....more ~~-~~ - 5 - " I r Dining faoilities will suit every taste. Plan~ call tor a specialty re~taurant and bar, an informal restaurant for all day dining whioh overlooks Coronado and the marina, the lobby lounge with city views, and a fOOd and beverage outlet at the pool pavilion whiob will aleo serve the tennis area and marina. As a ~rue destim,tion resort, ~e hotel will al~o feature several retail ou~lets including a pro ..hop, clothing boutique, hair salon and a jewelry store. Loews Hotels, founding division Of Loel./s Corporation, owns and/or Ilanages 16 other distinctive hotel~ in N..", York, bleW' York, Washington, D.C., Quebec City, canada; '1'eaneclc, .IIew Jer~ey; Dallas, Texas; Denver, COlorado; Monte carlO, Honaco; La lIapoule, France; Paradise island, Nassau, The Bah~~; ~c5on, Arizona: Ganta Honioa, Calitornia; NaShville, Tennessee; .and AAnapolis, Maryland. * . '" . Contact: Michelle Oaklan Mcfaul Lo4"'s Hotele 212-545-2633 Don Borgen Don Borgen & Associates, Inc. <>19-;<24-J902 Japan's largest construction COIp.- panies; Kawasaki Steel Corp., part of the Kawasaki Group multi-in- dustry conglomerate, and Tekken Construction Co. Ltd. ' The Loews Coronado Bay Resort is only the latest of several San Diego County resort and hotel developments that have attracted Japanese investment in recent months. Last September, the 300- room Le Meridien hotel in Corona- do was acquired by Chiyoda Fi- nance of Tokyo for more than $80 million. Also last year, TSA Internation- al, a Honolulu-based company that makes U. S. real estate invest- ments for Japanese deal maker Takeshi Sekiguchi, became a major investor in the Four Seasons A viara Resort planned for Carls- bad. Sport Shinko of Osaka bought the La Costa Resort Hotel for $250 million in 1987. ...,::' The Loews Coronado Bay ResOrt . project will be a mile south :Of downtown Coro~ado along CalifOr- nia 75, also known as Silver Strahd Boulevard. . " The hotel's Coronado Cays sit~ is owned by the San Diego Unified Plea,e.ee RESORT, D2B Japanese Money Bririgs Resort Closer to Reality . Development: The long-delayed project near Coronado Cays is now expected to be completed in 1991. By CHRIS KRAUL SAN DIEGO COUNTY BUSINESS EDITOR A long-delayed resort hotel planned for Coronado finally seems on the verge of reality with the signing of four giant Japanese firms as investors and the an- nouncement Wednesday that Long Term Credit Bank of Japan has agreed to finance the deal. Construction on the 450- room, 13-acre development, to be called Loews Coronado Bay Resort, will start in May, with completion ex- pected in December, 1991, accord- . ing to lead developers Josef and Lenore Citron, owners of Joelen Enterprises of Coronado. The three-story, $88-million project will go up on Crown Isle at the north end of the Coronado Cays residential development on San Diego Bay. It will include a 97 -slip marina~ three tennis courts. two restaurants and several retail shops, Josef Citron said Wednes- day. The Japanese investors are Ma- rubeni Corp., one of Japan's five largest general trading companies; Kumagai Gumi Co. Ltd., one of '. +~:.::. F{~; >"- " OVER 2..(, - , 1- ~- f , ~ '\ I , r I '~ i' f " }; :! ~ ~t" g , t ,. t ~~f ~" RESORT: Closer to Reality With Japanese Financing Continued from DZA Port District and leased to Corona- do Cays developer Signal Land- mark. In 1985, the Citrons acquired Signal Landmark's lease of the Crown Isle parcel and set about to develop it. The Citrons' first announced a development deal in 1986 whereby the Hilton hotel chain would oper- ate the resort. But the deal fell through after Hilton redirected its new hotel development focus on convention and casino properties, Citron said Wednesday- .. After a protracted planning pro- cess. the city of Coronado gave the Citrons permission to develop the site alter the developers agreed to build a new access road from Califorll1a 75 so guests' cars would not congest the Co:onado Cays reside!1ual area, Mayor Mary Her- ron S31d. , Although descnbi!1g the hotel dcvf'lopr.1cnt proposal In pOSItive .... ';t'; f~ v,' :i:; .:; !I.':' .,' .!~ ::, !. terms, Herron said Coronado has 'little planning authority over the property because it is on Port District tidelands. "The agreement that the devel- oper will put in a second entrance was a success for us:' Herron said "We have accepted L-,e fact of a hotel bemg there. It's Frt of the port's master plan_ ConstrJction is timely_" Transient occupancy taxes gen- erated by the hotel could net Coronado more than $400,000 per year, Herron said. Citron SOld his past develop- ments ir.clude tract and custom hou..ses and apartment buildings, mainly l!i the Los Angeles area. Loews, w'rjch is part of an enter- tammer1: and hotel concern owned by CBS ?:-csident Lawre!1ce Tisch and hiS fc....!Tllly, operates 16 hotels, includii.g ~hc recently opened San- ta MO;;1(2 Bea.ch Hotel. "-,' ~ 4i:"" I ~ 0(\ CORONADO .. , , , ':01. 76 No. 41 @1987 Worrell Enterprises Inc. ._' Thursday, October 22, 1987 ---- .. ' --',- .....~..,~-......_..--_....~ ......- ~'ttitr.ons get develoi)l11e'lit'(j ,:permit forCrowri Isle' """B,y Mark Amott ,,' } J burnal Reporter . : : ,': :-.. ~ . '\ : :"Ne~rly three years after pro- ; posing a 45D-room luxury hotel at ..: the, Coronado Cays, developers :' Josef and Lenore Citron have ""receive~ a coastal, development 'permit allowing construction on, -"Cr?wn Is1e)ennisula:" ...... , .,': Granting of the ,permit was delayed for the past 2D months as 'Signal' Landmark, the original Crown Isle owners, worked to satisfy the demands of federal '"":""law' protecting' the 'least' tern, a .. _ sbore bird listed,as an endangered . .specles. , San Diego Port District Ex- " 'ecutive Director Don Nay in- .formed the Citrons this week that ....:...:an.. interim agreement for least 'tern nesting site mitigation . satisfied the final condition of the coastal permit. - _ " The Citron' 5 sWhecuring the ,coastal development permit was particularly satisfying because the Crown, Isle project will be their first waterfront develop- ment S!Dce 1972. "We were building three apartment projects in Santa, Monica when' the Coastal Initiative of 1972 was created," Josef Citron, said, "Though we were nearing com- pletion, the coastal commission halted construction, The situa- tion eventually resulted in an apology from the Coastal Com- 'mission and the repayment of a " portion of our legal fees, but even though water-oriented develop- ment had been our forte we stayed away from it all of this' time," he said. ", Proposed for, the I3-acre Crown Isle, the northern most pennisula of the Cays, is an $82 million luxury destination resort hotel and marin'a. As planned, the project would eventually ,': become the Coronado' Bay , Hilton, according to' Citron:,:,.v .;," "With this final approval we can now proceed with seeking the financial backing we need to pro- ceed with the project," 'Citron said. Crown Isle was created from the dredging of the' Coronado Cays marinas more than I D years ago:. The property came under -i the control of the Port District but was leased to Signal Land- mark, the parent company of'" Coronado Landmark 'which , developed the,residential manna..~ community, of the 'Coronado Cays, The agreement sets aside a 10-acre site in the Coronado Cays for the least tern until a perma-l" nent 1 D-acre nesting 'site', somewhere else in the bay can be purchased and set aside by Signal Landmark, .The firm has another I year to find such a site. - :'1' Signal Landmark spokesman Craig Boucher said he is op- ''',1 timistic about a fmal solution to"'~ the problem because there are- : four different' land owners m:\, South Bay with potential nesting , sites. One of those landowners is, ' the Navy which has previously set " aside nesting sites for the bird on the Strand and at North Island. The agreement allows the Citrons to proceed with effortS to secure funding for their project which they initially proposec in January of 1985, Statement of Projected Revenue and Expenses , ftJ - (O'} I..-~-.j I_I~ "l_J Statement of Projected Revenues and Expenses 80 unit Condo-Spec Apartment Project year 1 4.5% increase year 2 4.5% increase year 3 4.5% increase year 4 4.5% increase year 5 , . Scl-leduled Gross Rent $878,400 918,720 959,040 1,000,800 1,045,920 2. Less Vacancy (5%) (43,920) (45,935) (47,950) (50,040) (52,300) ~ . 'l'ota 1 Operating Income 834,480 872,785 911,090 950,760 993,620 4. Operating Expenses ( 21%) (225,310) (235,650) (245,995) (256,705) (268,275) :J. l\~ e t Operating Income 609,170 637,135 665,095 694,055 725,345 6. Debt Service (604,500) (604,500) (604,500) (604,500) (604,500) , . ;0e~ Spendable 4,670 32,635 60,595 89,555 120,845 Assumptions: h. ~and Area for 80 unit Project incorporates app. 2.13 acres at land value of $1,000,000. 3. Developer responsible for completion of public park and related public parking including all grading, landscape, hardscape and improvements; dedicated land area is app. .87 acres. Proposed Time Table/Financial Agreement (F) ~~ - 'f() August 29, 1990 REQUEST FOR PROPOSAL TO CITY OF CHULA VISTA Vacant Site of 3+/-Acres Located On Bonita Road Adjacent to Chula Vista Municipal Golf Course Submitted by: ADMA CO., INC. ?~ - rl ~ e ( TABLE OF CONTENTS TAB Letter from ADM A CO., INC Entit~ Submitting Proposal (AI 1 2 3 Purchase Terms and Conditions - Letter of Intent (B) ....... Description of Proposed Land Use (C) ....................... a. Elevation b. Site Plan Statement of Qualifications/Resume of Developer (D) a. Partial Photo Summary 4 Projection of City Financial Benefits (E) 5 a. Statement of Projected Revenue and Expenses Proposed Time Table/Financial Capability (F) .. ............. 6 Waiver and Indemnification Agreement (G) .................... 7 Disclosure Statement (H) 8 ADM~~ I I Land Development August 29, 1990 Mr. Lance Abbott Community Development Specialist Community Development Department City Of Chula vista 276 Fourth Avenue Chula Vista, Ca 92010 Re: Request For Proposal Far Real Estate Purchase and Development of app. 3.0 Acre Vacant Site Located on Bonita Road Adjacent to Chula Vista Municipal Golf Course. Dear Mr. Abbott: The following proposal represents ADMA CO., INC. 's analysis. on how best to develop the subject City-awned property blending a delicate balance between honest community necessities and real market conditions. We intend, in conjunction with our proposed residential project, to develop a public park with approximately 28 adjacent public parking spaces. The residential development will consist of eighty (80) for rent condominium spec luxury units. The land planning/architecture will complement the community character while cons~dering the public view corridor to the golf course. ADMA Company is a Chula vista based land development firm with 15 years of experience in developing high quality award winning projects in Bonita, Chula Vista, La Jolla and currently Coronado. We are certain we completely understand the site planning, architectural, environmental and market concerns related to this Request For Proposal. Due to our direct experience in developing approximately 27 acres across Bonita Road (SWC and SEC Bonita Road and Otay Lakes Road) and having responded to a previous City Request For Proposal in 1985 for this same site, we are very confident that our proposal is the highest and best use of the subject property. A motel resort complex in Bonita and inland [rom the freeway is an "untested ris]('I, while our proposal, according to our lenders, is considered "sound" even under today's complicated lending criteria. 2(, - r~ City A070 . 2'90-A Londis Avenuo . Chub Vista, Coliforriio 9?010 . (619) 1176-q1l11 ADM~" Mr. Lance Abbott Page T!;o Augus t 29, 1990 ADMA's plan !;ill !;ork successfully. We have a high degree of experience and confidence in the area and if provided !;ith the opportunity will perform to the mutual benefit of the City Of Chula Vista, the Community and our company. ~~~~~:c~""mi""" Nathan S. Adler President Attachments Entity Submitting Proposal (A) ~fI- 9-.3 ADM~" DATE: TO: FROM: REFERENCE: August 29, 1990 City Of Chula Vista ADMA CO., INC. Entity Submitting Proposal ADMA CO., INC. a California Corporation 290-A Landis Avenue Chula Vista, Ca 92010 Attn: Nathan S. Adler President Telephone: (619) 476-9411 ~(,-1-L/ Purchase Terms and Conditions - Letter of Intent (8) ~v-15 ADM~~ I I Land Development PURCHASE LETTER OF INTENT DATE: August 29, 1990 TO: City of Chula Vista FROM: ADMA CO., INC. REFERENCE: Request For Proposal 4400 Block of Bonita Road (Adjacent to Chula Vista Municipal Golf Course) COMMENTS: The follm,ing represents a Letter of Intent outlining the terms and conditions by which ADMA CO., INC. will agree to acquire the above referenced property: 1. Purchase Price: $1,000,000 all cash at close of escrQw, plus a commitment in the form of a written City Development Agreement to dedicate and fully develop app. .87 acres for public use as a park with associated public parking. 2. Deposit: $50,000 to interest bearing account in favor of Buyer upon execution of the Purchase Agreement. Deposit shall be held in escrow and applied toward the purchase price, and/or, be returned to Buyer upon Buyer's withdrawal from purchase. 2.A. Return of Deposit to Buyer: Buyer may unilaterally elect to terminate the escrow at any time on or before 120 days from the full execution of the Purchase Agreement for any reason whatsoever, thereby releasing the parties from any further Obligations here- under, and all deposits made by Buyer shall be returned to Buyer. J (, -~" City PtalO . 2'iO~A Landis Avenue' Chula Vis fa. Colilornlo 920tO . (6t9) ~76.9~tI ADM~" City Of Chula Vista August 29, 1990 Page Two 3. D2posit Transfer: Upon completion of due diligence, review and approval of appraisal, and in no event later than 120 days from full execution of the Purchase Agreement, $50,000 of Buyer's deposit shall become non-refundable subject to the remaining terms and conditions of our Agreement. If property is made unmarketable by Seller, or acts of God, the deposit shall be refunded to Buyer. 4. Close of Escrow: Escrow shall close five (5) working days after the execution of the City of Chula Vista's issuance of a Development Agreement for subject property entitling Buyer to develop said property consistent with the final negotiated Request For Proposal. 5. Closing Costs: Buyer and Seller to each pay their share of all closing costs, including but not ~imited to escrow fees, transfer tax, an ALTA title insurance policy with appropriate extended endorsements, recording and filing fees, etc. as customary in San Diego County, California. 6. Purchase Agreement: This proposal is to be superseded by a formal Offer to Purchase which shall be submitted by Buyer to Seller within five (5) Iwridng days from the date Buyer was selected by the City Council as the "Successful Proposer" having the rigllt to enter into an Exclusive Negotiation Agreement. If acceptable, the Purchase Agreement will be executed by Buyer and Seller within six (6) months from presentation of said Agreement, or by mutually extended time agreeable to Buyer and Seller. Escrow instructions will be ordered by Buyer imrrediately after Purchase Agreement is executed. City Of Chula Vista August 29, 1990 ADMf!Z" Page Three 7. Exhibit "All The attached EY.hibit "A" is incorporated herein as a conceptional frarreworJ{ concerning provisions which shall be set forth in the Purchase Agreement pursuant to paragraph 6 above. Respectfully submitted, on behalf of Buyer, ADMA CO., INC. NATHAN S. ADLER President APPROVED: SELLER: Cl'IY OF CHULA VISTA Authorized Signature Date Authorized Signature Date ;;(,-1-?- ADM~'o 1. Due Diligence/Contingencies: EXHIBIT "A" A. Buyer shall have the right to confirm the foIl OIling development issues: 1. Written approval, satisfactory to Buyer, of Buyer's development plan, by all necessary governmental agencies, including, lIithout limitation, the City of Chula Vista City Council, Planning Commission, Community DevelopnEnt DepartnEnt, and any other pertinent governmental agencies. 2. Approval by Buyer of an appraisal by a qualified ~~I appraiser confirming the value of the property to be not less than the agreed upon purchase price. 3. Confirmation that the governmental building height requirenEnts lIill alloll for a structure of three and one-half levels consisting of up to 45 feet in height. 4. Approval by Buyer of the civil engineering and utility feasibility study, cost analysis and soils test of the property performed by qualified engineers of Buyer's choice. All such studies are to be conducted during reasonable hours on the subject property and are to be at the sole expense of the Buyer herein. Buyer further agrees that all surfaces used for said soils tests shall be returned to their original usable condition. 5. Approval by Buyer of the area and configuration of, and physical encroach- ments (if any), upon the property. Confirmation of governmental setback requirement of all boundaries. 6. Approval by Buyer of the applicable <;overnmental development fee Sch2dule CIS it effects the property in Buyer's proposed development thereof. Pdge 1 of 3 ~(,- =/-g ADM~'o 7. Approval by Buyer of the Preliminary Title Report, covenants, conditions, restrictions, reservations and easements shown in said preliminary title report of the property (including a reasonable copy of each recorded instrument referred to therein and plotted eas~nts of record) dated no earlier than the opening of escroll as obtained by Buyer. 8. Written preliminary approval by a mortgage/construction lender of Buyer's c]loice of mortgage and/or construction loan for Buyer's ownership and development of the property satisfactory to Buyer. 9. Buyer or his authorized agents shall have the right to physically inspect subject property during normal Ilorking hours. 2. Test Results: In the event of a cancellation by Buyer, 'Buyer herein agrees to release to Seller without charge, the documents, test results and permits, if any, so obtained by Buyer on the subject property. ~. Permission to Enter: Seller grants to Buyer and Buyer's authorized agents, permission to enter subject property for the purpose of an appraisal, soils tests, hazardous Ilaste analysis or physical inspection, etc. Buyer shall indemnify and hold Seller harmless for allY damage, loss of claim Ilhich may arise due to Buyer and Buyer's authorized agents entry therein. Buyer and Buyer's authorized ag2nts to use rea.sonable discretion and professionalism l:lhen entering the subject property. 4. Liquidated Damages: There shall be a liquidated damages clause in the Purchuse Agreement and escrOhT instructions in the amount not to exceed the total amount of deposits discuSS20 aboV2. Pa9" 2 of 3 ADM~" 5. Escrow and Title Company: 6. Prorations: 7. Transfer of Title: Escrow and Title shall be conducted through First American Escrow and Title Company of San Diego. Standard prorations shall be performed at close of escrow. Title shall be transferred to ADMA CO., INC. (EscroYl Holder will be handed complete vesting prior to the close of escrow). Buyer reserves the right to assign all or part of their right title and interest in and to the escrow created hereby and the real property being sold here- under. Page 3 of 3 'J.(,-'1f:J Description of Proposed Land Vse (Cl a' - 8D c A p A C<HIBS .\SSOCL\TED PLANNERS AND ARCIIITECTS (.It).57-t.(UI.'D .125 \n~"'t \\lIshiIllHuu snite 7 >llln dicK;) culifuT";1I 9210.1 Project Description The proposed site plan maintains view corridors from Bonita Road to the Chula Vista Municipal Golf Course and provides the public with a generous park area along with 28 public parking spaces. The fairway oriented residential development rests on top of a partially subterranean garage which meets all parking requirements for residents and their guests. The residential units, elevated over the garage In response to flood plain concerns, rise three stories to 33 feet above the garage roof deck. The architectural character is a gently undulating blend of pitched roofs, trellises, dormer windows, expansive overhangs, wood, river rock, stucco, and plentiful landscaping in harmony with the Bonita Valley tradition. ~~ - i/ Elevation ;)(, -g~ D c( D II c( I- z D m I <:'! ' '" ~,;~ d ~::~ ~~ Uiiz" ,I~ 2 . ~';I' ~ <,'.;- > ,". 5 ::~' . a < a . ~ Z a . Site Plan ~(,-tjL} '" o ,. o ~ ~ . '" 0 "- ;; " u '" . 3 . , . o ~ ... ,. 1llttttttPlriln , ",:,<\<,::"<,~<,>,\i,,, .;g$(<':;:' :~,' ''(, ~, ,- '" - ", , - ~).- '~-,' . .'- ---.-" --------- ------.-- .~~___.H~~_ .~~~_..._..,...... .-.------ ~~-_.~-- ~._~_._~-_.. .~-~~.~-,--" ..___~_M.__~ --~~--- ~_.---- -~-_..".~.._.,.- __n_~_~_ -----..."...-. c PA A COM"" ~nD nAN..u.s A.IW .utO<ITl'.cTS G' o . ! i Statement of Qualifications/Resume of Developer (D) ~(, -g" ADM~~ I I Land Development ADMA CO., INC. (Statement of Qualifications/Resume) Incorporated October 27, 1975 Background Information as of August, 1990 Founder and President Nathan S. Adler: Master of Arts - International Relations/Politics Graduated January, 1977 University of San Diego Bachelor of Arts - Political Science Graduated June, 1975 University of Southern California Statement of Qualifications ADMA CO., INC. is a diversified real estate company based in Chula vista, California. The firm is organized with separate operating divisions for real estate development and property services. ADMA has a total commitment to quality which is always evident throughout the whole range of its activities beginning with methodical and careful analyses of a project's compatibility with the existing community character and its financial feasibility; continuing through the planning and construction stages to the finished product. 01'-11- City Pl070 . 290-A Landis Avonu8 . Chulo Vista. Colifofnio 9)010 . (619) 1176-9411 ADM~~ ADMA CO., INC. EXAMPLES OF DEVELOPMENT PROJECTS 1978 - BONITA CENTRE Award-winning (Chula vista Beautification Award) 100,000 square foot shopping center. Said Centre has been cited as one of the finest commercial developments of .its kind in terms of design, economics, and attention to aesthetics. 1981-82 - BONITA CENTRE EAST Award-winning (Pacific Coast Builders Conference; Chula Vista Beautification Award) 25,000 square foot shopping complex. Well known for architectural sensitivity and efficiency. 1982-85 - VILLAS de BONITA 67 condominiums built in two phases. Winner of a "SAM" Award for Excellence-Design and the Chula vista Beautification Awards. Top quality land planning and construction of . unique courtyard styled homes. 1983-85 - PEPPERTREE ESTATES (Chula Vista) 14 lot exclusive custom home project. Highest quality development of its kind in Chula Vista area. Environmentally sound--every tree removed in said project ADMA replaced with a 48 inch boxed tree. 1984-85 - EUCALYPTUS RIDGE (Chula Vista) 60 unit efficient condominium development in City of Chula Vista constructed to VA/FHA standards. Considered very practical and architecturally pleasing. 1986 - EATON'S COLONY AT BONITA This development includes 39 first-quality duplex townhomes. The architecture is "California Cape-Codl' and is considered to be the finest townhome project in the South Bay of San Diego County. Winner of 1988 City of Chula Vista Beautification Award. ADM~% 1988 - CITY PLAZA (Chula Vista) Mixed use building completed in the downtown redevelopment area of Chula Vista. Project consists of 20 residential apartments on second and third floor level and approximately 9000 square feet of commercial space on the ground floor. 1990 - LA JOLLA WINDIGO Recently completed high-quality condominium spec/apartment project located in La Jolla Shores on Camino del Oro. Development consists of 12 units with unobstructive views of the ocean. Underground parking is "water-tight" which results in no water discharge into the public storm drain system. 1990 - CORONADO LA AVENIDA INN Currently in planning process, project is projected to consist of 133 unit inn with approximately 11,000 square feet of commercial space. Project will maintain in situ existing historical Martinez murals. Underground parking will result in net gain to the public of 103 parking spaces. ADMA CO., INC. has committed its efforts toward developing projects of the highest standards of quality with respect to land planning, design, construction and environmental sensitivity. The company has implemented a philosophy of refusing to cut corners and compromise the quality and integrity of a project while at the same time avoiding needless and excessive costs. &, -$'1 Partial Photo Summary ~c., . 8'1 Eatons' Colony ",f.: ~(,- 1'0 ."Ii'.; '- . t ;rIh" ' -;,..' . " '.. . -.,,: tW ,fJt~jl ~~~I:~r _,~::::.~}1 ,;'.'_' . __.:c~ ~:...1 .i::o~' '", ~ -!., . , City Plaza ';) (, - ';/ C. -4- PI DO"WIlto"WIl I~~ a.2;3.. Chula Vista A MIXED USE PROJECT AT 333 "F" STREET r- CO:M:MERCIAL SPACE FOR LEASE · Conveniently located in the heart of Downto"WIl Chula Vista, · Within easy walking distance to restaurants, theatres, stores shops and health clubs · Located within a strong demographic area · Ample parking . Easy access to 1-805 and 1-5 "."'-:. Windigo - La Jolla e): ~j; .U "-'c=,. ~ ~" -9~ "-4i ~. Projection of City Financial Capability IE) ~~.93 ADM~" MEMORANDUM DATE: August 29, 1990 TO: City of Chula Vista FROM: ADMA CO., INC. REFERENCE: Projection of financial benefits to the City including the number and type of jobs that will be associated with the development and anticipated revenues to the City. 1. PUBLIC PARK a. Property Value: b. Hard Construction Costs: c. Soft Costs (25% of Hard Costs): Potential City Financial Benefit: $198,000 100,000 25,000 $323,000 2. PUBLIC PARKING a. Property Value: b. Hard Construction Costs: c. Soft Costs (25% of Hard Costs): Potential City Financial Benefit: $92,000 45,000 11 ,000 $148,000 3. INCREMENTAL PROPERTY TAX REVENUES ANNUALLY a. Property Value: b. Hard Construction Costs: c. Soft Costs (25% of Hard Costs): d. Total Estimated Assessed Value: $1,000,000 4,925,000 1,225,000 $7,150,000 1.25% e. Property Tax Rate f. Total Anticipated Property Tax for Proposed New Construction on the Designated Parcel: g. Potential City Financial Benefit: (18% of $89,375) 89,375 $16,087 ;;}~-,tt/ ADM~~ 4. OTHER FISCAL AND ECONOMIC IMPACTS a. Building and Housing Annual Fees b. Business License Fees c. Utility User Taxes (Telephone, Gas, Electric) *d. Construction Employment *e. Construction Payroll *f. Multiplier Impact of Construction and Permanent Employment Payroll * While not always directly allocable to the City, these benefits serve to strengthen the local economy. 5. EMPLOYMENT BENEFITS FOR PROPOSED PROJECT Employment Component Outside Managers Leasing Agents Maintenance (Bldg) Landscape Cleanup Property Manager/Accounting Number of Jobs Created 2 2 2 2 1 1 Total Estimated Jobs Created 10 6. Acquisition Price (Fee Title): $1,000,000 (See Attached Purchase Agreement) " ADM~ DATE: August 29, 1990 TO: City Of Chula Vista FROM: ADMA CO., INC. REFERENCE: Proposed Time Table; Evidence of Financial Capability A. Proposed Time Table (in concept) PROJECTED DATE EVENT 1. RFP Submittal Deadline 2. City of Chula Vista RFP Selection 3. Exclusive Negotiations/Purchase Contract 4. Due Diligence/Government Entitlements 5. Development Agreement 6. Construction Documents/Building Permit (i.e. Start Construction) 7. Complete Construction 8-31-90 11-30-90 3-30-91 7-31~91 8-31-91 1-15-92 10-15-92 B. Evidence of Financial Capability 1. See Statement of Qualifications. 2. Major lender revolving line of credit currently available for property acquisition, (subject to MAl appraisal) - further details/evidence available on request. 3. TARIAM, INC., an Investment/Development Company, has made a formal expression of interest concerning financial involvement - further details/evidence available upon request. ~~-~5 " Waiver and Indemnification Agreement (G) ~" - 9~ ATTACII~lENT "0" WAIVER AND INDEI1NIFlCATlON AGREEMEIIT As partl al cons I dera tl on for the purchase/l ease of the rea I property consisting of Jt acres of real property located within the corporate boundaries of the-City of Chula Vista, California, located on the 4400 block. of Bonita Road (portion of Assessor's Parcel No. 593-240-24l, Rancho de 1a Nadon, ./lap 166, and presently owned by the City of Chula Vista, the undersigned and all heirs, executors, administrators, SUccessors and assigns of the undersigned hereby jointly and severally covenant and agree to waive all existing or future causes of action against the City of Chula .Vlsta which arise out of or In any way relate to the design, construction, sale, occupancy, or Use of the above said real property, and, furthermore, . agree to at all times Indemnify and hold and save the City of Chula Vista harmless from and against any and all actions or causes of action, claims, demands, liabilities, loss, damage or expense of whatsoever kind and nattire, specifically Including all claims of negligence by the City of Chula Vista or by any of Its employees except those caused by the sole negligence or willful misconduct of said City or any of Its employees, which said City may at any time sustain or Incur by reason or In consequence of the design, construction, sale, occupancy or use of the above said real property. August 29, 1990 ADMA eA .'fe by; Il~'1-L- SIGHATURE DATE President WPC 444511 -7- II Disclosure Statement (H) , I r ~ l ~ f ,,, -~ r ... CITY OF CIIULA VISTA, DISCLOSURE STATH1ENT ATTACHflENT "E" Name of Contractor/Applicant: Nature of Contract/Application: Location of Proposed Work: ADMA co., INC REQUEST FOR PROPOSAL . ' . ~ REAL PROPERTY LOCATED ON THE 4400 BLOCK OF BONITA ROAD CONSISTING OF 3+/- ACRES Contractor's Statement of DisClosure of Certain Ownership Interests on all contracts/ applications which will require discretionary action on the part of the City Council Planning Commission, and all other official bodies. ' The following information must be disclosed: IA. List the names of all persons having a financial interest in the contract/ application (i.e., contractor, subcontractor, material supplier, owner). ADMA CO., INC , a CALIFORNIA CORPORATION, NATHAN S. ADLER, PRESIDENT lB. List the names of all persons having any ownership interest in any real property involved in the contract or application. 2. If any person identified pursuant to lA or IB above is a corporation or partnership, list the names of all individuals OIming more than 10% of the shares in the corporation or owning any partnership interest in the partnership. NATHA'N S. ADLER CAREN ADLER 3, If any person identified pursuant to lA or IB above is a non-profit organization or a trust, 1 ist the names of any person serving as director of the non-profit organization or as trustee or beneficiary or trustor of the trust. 4. Has any person i dent ifi ed above had more than $250 business transacted with any member of the City Committees and Council within the past twelve months? please indicate person(s) Person is defined as: "Any individual, firm, copartnership, joint venture, association, social club, fraternal organization, corporation, estate, trust, receiver, syndicate, this and any other county, city and county, city, municipality, district or other pol itical subdivision, or any other group or combination ac?t.' g. ".. a uni t." (l101E: Attach additional pages as necessary.) if -I -ADMA co., INe by ^VfL / AUGUST 29, 1990 Signature of contractor'/app! icant date worth s ta f f , Yes Of public or private Boards, Commissions, No X If yes, iPC 3058A NA'I'HAN S. ADLER, PRESIDENT rnnLOrLyT5e nall'(' 01 cOlllracroi7appllcant