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Home My WebLink Aboutrda min 1993/02/09 CC MI~ OF A SPECIAL JOINT MEETING OF THE REDEVELOPMENT AGENCY/CITY COUNCIL OF THE CITY OF CHULA VISTA Tuesday, February 9, 1993 Council Chambers 7:23 p.m. Public Services Building CALL TO ORDER 1. ROLL CALL: PRESENT: Members/Councilmembers Fox, Horton, Moore, and Acting Chairman Rindone ABSENT: Chairman/Mayor Nader ALSO PRESENT: Sid W. Morris, Assistant City Manager; Bruce M. Boogaard, Agency Attorney; and Vicki C. Soderquist, Deputy City Clerk 2. APPROVAL OF MINUTES: January 19, 1993 MSC (Fox/Moore) to approve the minutes of January 19, 1993 as presented, approved 4-0-1 with Nader absent. CONSENT C~I .I~.NDkR None Submitted. PUBLIC HEARINGS PUBLIC HEARING: CONSIDERING AMENDMENT NUMBER 11 TO THE CERTIFIED CHULA VISTA LOCAL COASTAL PROGRAM (LCP) AND BAYFRONT SPECIFIC PLAN TO ALLOW CERTAIN LAND USE CATEGORIES BY CONDITIONAL USE PERMIT WITHIN THE INDUSTRIAL: GENERAL LAND USE DESIGNATION WITHIN THE LGP -- Amendment Number 11 to the Certified Chula Vista Local Coastal Plan (LCP) and Bayfi-ont Specific Plan will allow, by conditional use permit, Educational Services, Commercial Activities, and Child-Care Civic Activities within the LCP's overall Industrial: General land use designation and Athletic and Recreational Commercial Activities within the Industrial: General land use designation within the LCP's Inland Parcel. (Director of Community Development) Staff recommends this item be continued to a date and time certain, that being Tuesday, March 2, 1993 at 4:00 p.m., immediately following, the City Council meeting, Council Chambers, Public Services Building. A. AGENCY RESOLUTION 1301 ADOPTING MITIGATED NEGATIVE DECLARATION Is-gl-sO(B) AND ADDENDUM THERETO AND MITIGATION MONITORING AND REPORTING PROGRAM, AND NEGATIVE DECLARATION IS-93-17/19 AND ADDENDUM THERETO; AND, RECOMMENDING THAT THE CITY COUNCIL APPROVE AMENDMENT NUMBER 11 TO THE CERTIFIED CHULA VISTA LOC. AL COASTAL PROGRAM (LCP) AND BAYFRONT SPECIFIC PLAN TO ALLOW CERTAIN LAND USE CATEGORIES BY CONDITIONAL USE PERMIT WITHIN THE INDUSTRIAL: GENERAL LAND USE DESIGNATION WITHIN THE LCP B. COUNCIL RESOLUTION 16980 ADOPTING MITIGATED NEGATIVE DECLARATION IS-91-S0(B) AND ADDENDUM THERETO AND MITIGATION AND MONITORING PROGRAM AND NEGATIVE DECLARATION 1S-98-17/19 AND ADDENDUM THERETO; AND, APPROVING AMENDMENT NO. 11 TO THE CERTIFIED CHUIA VISTA LOCAL COASTAL PROGRAM AND BAYFRONT SPECIFIC PlAN - This being the time and place as advertised, the public hearing was declared open. Chris Salomone, Director of Community Development, recommended that the public hearing be continued to a joint meeting of the Council/Redevelopment Agency on 2/23/93. Minutes February 9, 1993 Page 2 MSC (Moore/Fox) to continue the public hearing to a joint meeting of the Council/Redevelopment Agency on 2/23/93 at 6:00 p.m. Approved 4-O-1 with Nader absent. 4. PUBLIC HEARING: GRANTING A SPECIAL LAND USE PERMIT AND APPROVING AN OWNER PARTICIPATION AGI1F.~MENT, AND GRANTING A CONDITIONAL USE PERMIT TO ALLOW A DRIVING RANGE, BATTING CAGES, ACCESSORY SALES OF SPORTING EQUIPMENT AND FOOD SAI.Kq IN THE I-L ZONING DISTRICT AT THE SODTHEAST QUADRANT OF NATIONAL CITY BOULEVARD (BROADWAY) AND SR-54 -- The applicant, National Avenue Associates, seeks to develop a golf driving range, batting and pitching cages, with accessory uses on the 12.94 acre site. The Special Land Use Permit is required as the site is located within the Town Centre II Redevelopment project. (Director of Community Development) Staffrecommends this item be continued to a date and time certain~ that being Tuesday, March 2, 1993 at 4:00 p.m., immediately following the City Council meeting, Council Chambers, Public Services Building. A. AGENCY RESOLUTION 1302 GRANTING A SPECIAL LAND USE PERMIT AND APPROVING AN OWNER PARTICIPATION AGRIZF. MENT TO ALLOW A DRIVING RANGE, BATTING CAGES, PITCHING CAGES, ACCESSORY SAI.~g OF SPORTING EQUIPMENT, AND FOOD SALES IN THE I-L ZONING DISTRICT AT THE SO~ QUADRANT OF NATIONAL CITY BOULEVARD (BROADWAY) AND SR-S4 B. COUNCIL RESOLUTION 16981 GRANTING A CONDITIONAL USE PERMIT TO AI.I.OW A DRIVING RANGE, BATTING CAGES, PITCHING CAGES, ACCESSORY SALF~ OF SPORTING EQUIPMENT AND FOOD IN THE I-L ZONING DISTRICT AT THE SO~ QUADRANT OF NATIONAL CITY BOULEVARD (BROADWAY) AND SR-S4 This being the time and place as advertised, the public hearing was declared open. Chris Salomone, Director of Community Development, recommended that the public hearing be continued to a joint meeting of the Council/Redevelopment Agency on 2/23/93. MSC (Moore/Fox) to continue the public hearing to a joint meeting of the Council/Redevelopment Agency on 2/23/93 at 6:00 p.m. Approved 4-0-1 with Nader absent. ORAL COMMUNICATIONS None ACTION ITEMS SA. COUNCIL RESOLLrrION 16982 APPROVING PROC~Rr~INGS TO REFINANCE 1987 CERTIFICATES OF PARTICIPATION, ALrrHORIZING EXEC[YFION OF RElaTED FIRST AMENDED AND ~ATED LEASE AGREF2VIEMT AND TRUST AGREEMENT, APPROVING DELIVERY AND SALE OF NOT-TO-EXC~.RD $11~S00,000 PRINCIPAL AMOUNT OF REFUNDING CERTIFICATES OF PARTICIPATION, F.I.RCT[NG TO GUARANTEE LEASE PAYMENTS FROM MOTOR VEHICLE IN LIEU F~FS; AND APPROVING I~IATED AG~ AND MA~ - In 1987 the City of Chula Vista issued $9,835,000 in Certificates of Participation to assist in financing the expansion and remodeling of the Chula Vista Shopping Center. Staff is proposing tO refinance the 1987 Certificates at a lower interest rate in order to achieve substantial savings in annual debt service payments. Staff recommends approval of the resolutions. (Director of Finance/Community Development Director) B. AGENCY RESOLUTION 1303 APPROVING PROC~-~I~INGS TO REFINANCE 1987 CERTIFICATES OF PARTICIPATION, AUTHORIZING EXECUTION OF RELATED FIRST AMENDED AND RESTATED LEASE AGRRI~MENT, ASSIGNMENT AG~I~.I~MENT AND TRUST AGIII~MENT, APPROVING DELIVERY AND SALE Minutes February 9, 1993 Page 3 OF NOT-TO-EXCI~.F.D $11,500,000 PRINCIPAL AMOUNT OF REFUNDING CERTIFICATES OF PARTICIPATION AND APPROVING RELATED AG~.~.MENTS AND MAi-iI~c~s Lyman Christopher, Director of Finance, stated the proposal would refund the certificates of participation that were issued by the City in 1987 to help finance the expansion of the Ghula Vista Shopping Center. Standard and Poor's Rating Agency assigned a rating of "A' to the proposed refunding certificate which was a step higher rating than the original financing in 1987. In order to take advantage of the higher rating and the lower interest rates in the bond market, staff recommended the Council/Agency proceed with the refunding. Chick Adams with the bond counsel firm of Jones, Hall, Hill and White was present to answer questions. Councilman/Member Fox questioned what the fee was for the refinancing and if the $600,000 was net of that. Mr. Christopher responded that the $600,000 was net, the discount was 1.2% for the underwriter, which was a standard discount. The savings of $650,000 was net of all the costs of issuance for the refunding. Councilwoman/Member Horton questioned what would be used as a comparable or where would they receive their information to make sure the Dean Whiner Reynolds quote was fair and competitive. Mr. Christopher responded that bond sales were occurring every day and staff was constantly in touch with bond consultants and bond counsel and they could supply a list of recent sales. Mr. Adams stated there were also reporting services that carried all activity nationwide on a daily basis. RESOLUTIONS 16982 AND 1303 O~'P'k;RED BY COUNCILWOMAN/MEMBER HORTON, reading of the text was waived, passed and approved 4-0-1 with Nader absent. ITEMS p[n.l.~r~ FROM THE CONSENT GAI.RNDAR Items pulled: none. The minutes will reflect the published agenda order. OTHER BUSINESS 6. DIRECTOR'S/CITY MANAGER'S REPORT - None. 7. CHAIRMAN'S/MAYOR'S REPORT - None. 8, MEMBFAtS'/COUNCIIAMEMBERS' COMMENTS - None, ADJOURNMENT The Redevelopment Agency met in closed session at 7:34 p.m. to discuss the acquisition of property at 4705 otay Valley Road (Jimmie & Judi Shinohara, owners), pursuant to Government Code Section 54956.8. ADJOURNMENT AT 10:00 P.M. to a special joint meeting of the Redevelopment Agency/City Council will be held on Tuesday, February 16, 1993 at 6:00 p.m., immediately following the City Council meeting, in the Council Chambers, Public Services Building. Respectfully submitted, BEVE~RLY A. AUTHELET, CMC, City Clerk by: ' k],~,,, '\-.....',,._, )-; i/~ ~,~k- Vicki C. Soderquist, DeputyjCity Clerk