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HomeMy WebLinkAboutRDA Reso 2007-1974 RDA RESOLUTION NO. 2007-] 974 (CITY COUNCIL RESOLUTION NO. 2007-115) JOINT RESOLUTION OF THE CITY COUNCIL AND THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA APPROVING AMENDMENT NO. ] TO THE LETTER OF INTENT BETWEEN THE CITY, THE REDEVELOPMENT AGENCY, THE SAN DIEGO UNIFIED PORT DISTRICT AND GAYLORD ENTERTAINMENT COMPANY EXTENDING THE TERM SIX MONTHS TO NOVEMBER 30, 2007 AND ALLOWING FOR AN ADDITIONAL 90-DA Y EXTENS]ON OF THE TERM IF NEEDED AFTER NOVEMBER 30, 2007 BY MUTUAL AGREEMENT OF ALL PARTIES AND AUTHORIZING THE CITY MANAGER/EXECUT]VE DIRECTOR TO S]GN AMENDMENT NO. ] TO THE LETTER OF INTENT ON BEHALF OF THE CITY AND THE REDEVELOMENT AGENCY WHEREAS, the City Council and the Redeve]opment Agency of the City of Chu]a Vista approved a Letter of Intent (LOI) between the City of Chu]a Vista, the Redeve]opment Agency of the City ofChu]a Vista, the San Diego Unified Port District (Port), and Gaylord Entertainment Company (Gaylord) concerning Bayfront hotel, convention center, and ancillary development on July 25, 2006, pursuant to RDA Resolution No. 2006-]953 and City Council Resolution No. 2006-232; and WHEREAS, the City Council and the Redeve]opment Agency of the City ofChu]a Vista approved an Addendum, and reconsidered that approval to the Addendum, to the Letter of Intent between the City of Chula Vista, the Redevelopment Agency of the City of Chula Vista, the San Diego Unified Port District, and Gaylord Entertainment Company concerning Bayfront hotel, convention center, and ancillary development on October] 0, 2006, pursuant to RDA Resolution No. 2006-] 958 and City Council Resolution No. 2006-307 and on November 7, 2006, pursuant to RDA Resolution No. 2006-] 964 and City Council Resolution No. 2006-332, respectively; and WHEREAS, since the approval of the LOI and the Addendum to the LOI, City and Port staff have been engaged in substantive discussion and negotiations with Gaylord; and WHEREAS, approval of Amendment No. ] to the LOI will facilitate the continuation of these negotiations; NOW THEREFORE, BE IT RESOLVED by the City Council of the City ofChula Vista and the Redevelopment Agency of the City of Chula Vista that it approves Amendment No. ] to the Letter of Intent, a copy of which shall be kept on file in the Office of the City Clerk. BE IT FURTHER RESOLVED by the City Council of the City of Chula Vista and the Redevelopment Agency of the City of Chula Vista that it authorizes the City Manager/ Executive Director to execute Amendment No. I to the Letter of Intent on behalf of the City and the Agency. RDA Resolution No. 2007-1974 Page 2 Presented by Approved as to form by ~\oJ\\Y\~~ Ann Moore General Counsel/City Attorney Ji Thomson I erim Executive Director/City Manager PASSED, APPROVED, and ADOPTED by the Redevelopment Agency and the City Council of the City ofChula Vista, California, this 15th day of May 2007, by the following vote: A YES: Agency/Councilmembers: McCann, Ramirez, Rindone, and Cox NAYS: Agency/Councilmembers: None ABSENT: Agency/Councilmembers: None ABSTAIN: Agency/Councilmember: Castaneda ersonlMayor ATTEST: Mt Ann Hix, Secretary STATE OF CALIFORNIA COUNTY OF SAN DIEGO CITY OF CHULA VISTA ) ) ) I, Ann Hix, Secretary of the Redevelopment Agency of the City of Chula Vista, California, do hereby certify that the foregoing Redevelopment Agency Resolution No. 2007-115/City Council Resolution No. 2007-1974 was duly passed, approved, and adopted by the Redevelopment Agency and Chula Vista City Council at a regular meeting held on the 15th day of May 2007. Executed this 15th day of May 2007. _~2t