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HomeMy WebLinkAboutReso 2007-115 RESOLUTION NO. 2007-115 (RDA RESOLUTION NO. 2007-1974j JOINT RESOLUTION OF THE CITY COUNCIL AND THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA APPROVING AMENDMENT NO. I 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 EXTENSION OF THE TERM IF NEEDED AFTER NOVEMBER 30, 2007 BY MUTUAL AGREEMENT OF ALL PARTIES AND AUTHORIZING THE CITY MANAGER! EXECUTIVE DIRECTOR TO SIGN AMENDMENT NO. I TO THE LETTER OF INTENT ON BEHALF OF THE CITY AND THE REDEVELOMENTAGENCY WHEREAS, the City Council and the Redevelopment Agency of the City of Chula Vista approved a Letter of Intent (LOI) between the City of Chula Vista, the Redevelopment Agency of the City of Chula 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. 2006-1953 and City Council Resolution No. 2006-232; and WHEREAS, the City Council and the Redevelopment Agency of the City of Chula 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 10, 2006, pursuant to RDA Resolution No. 2006-1958 and City Council Resolution No. 2006-307 and on November 7, 2006, pursuant to RDA Resolution No. 2006-1964 and City Council Resolution No. 2006-332, respectively; and WHEREAS, since the approval of the LOI and the Addendum to the L01, City and Port staff have been engaged in substantive discussion and negotiations with Gaylord; and WHEREAS, approval of Amendment No. I to the L01 will facilitate the continuation of these negotiations; NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista and the Redevelopment Agency of the City of Chula Vista that it approves Amendment No. I to the Letter of Intent, a copy of which shall be kept on file in the Office of the City Clerk. Resolution No. 2007-115 Page 2 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. Presented by Approved as to form by ....-----:7 / Ir---- ~~~~ Ann Moore ' City Attorney/General Counsel Thomson rim City Manager/Executive Director PASSED, APPROVED, and ADOPTED by the City Council and the Redevelopment Agency of the City of Chula Vista, California, this 15th day of May 2007, by the following vote: AYES: Council! Agency members: McCann, Ramirez, Rindone, and Cox NAYS: Council/Agency members: None ABSENT: Council! Agency members: None ABSTAIN: Council! Agency member: Castaneda ATTEST: ~~1~ Susan Bigelow, MMC, Ci lerk STATE OF CALIFORNIA COUNTY OF SAN DIEGO CITY OF CHULA VISTA ) ) ) I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing City Council Resolution No. 2007-115/Redevelopment Agency Resolution No. 2007-1974 was duly passed, approved, and adopted by the City Council and Redevelopment Agency at a regular meeting held on the 15th day of May 2007. Executed this 15th day of May 2007. -:=- ~itu~~ ~ j Susan Bigelow, MMC, City lerk