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HomeMy WebLinkAboutRDA Reso 2007-1985 RDA RESOLUTION NO. 2007-1985 (CITY COUNCIL RESOLUTION NO. 2007-286) JOINT RESOLUTION OF THE CITY COUNCIL AND THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA APPROVING A 90-DAY EXTENSION OF THE TERM OF THE PREVIOUSLY APPROVED LETTER OF INTENT AND AMENDMENT NO. I 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, AND AUTHORIZING THE CITY MANAGER/EXECUTIVE DIRECTOR TO SIGN THE EXTENSION AGREEMENT ON BEHALF OF THE CITY AND THE REDEVELOPMENT AGENCY 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 ofChula 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 ofChula Vista approved an Addendum and reconsidered that approval to the Addendum to the Letter of Intent between the City ofChula Vista, the Redevelopment Agency of the City ofChula 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, on May 15,2007, the City Council and the Redevelopment Agency of the City of Chula Vista approved Amendment No. I to the Letter of Intent which allowed for the extension of the LOI to November 30, 2007, pursuant to RDA resolution No. 2007-1974 and City Council Resolution No. 2007-115; and WHEREAS, approval of Amendment No. I of the LOI also contemplated the possibility of an additional 90-day extension beyond November 30, 2007, if mutually agreed to by the parties; and WHEREAS, the parties desire to extend the term of the letter of intent for the additional 90-day term and to enter into the Agreement to Extend the Term of the July 25, 2006, Four-Party Letter ofIntent until February 28, 2008. RDA Resolution No. 2007-1985 Page 2 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 the Agreement to Extend the Term of the July 25, 2006, Four-Party Letter ofIntent until February 28, 2008, a copy of which shall be kept on file in the Office ofthe 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 ManagerlExecutive Director to execute the Agreement to Extend the Term of the July 25, 2006, Four-Party Letter of Intent until February 28,2008, on behalfofthe City and the Agency. P?~ avid R. G cia ~ty Manag r/Executive Director Approved as to form by ~,,~~~~. Ann Moore City Attorney/General Counsel PASSED, APPROVED, and ADOPTED by the Redevelopment Agency and the City Council of the City of Chula Vista, California, this 4th day of December 2007, by the following vote: A YES: Agency/Councilmembers: McCann, Ramirez, Rindone, and Cox NAYS: Agency/Councilmembers: None ABSENT: Agency/Councilmembers: None ABSTAIN: Agency/Councilmembers: Castaneda ATTEST: /~ / Eric Crockett, Secretary Q') STATE OF CALIFORNIA COUNTY OF SAN DIEGO CITY OF CHULA VISTA ) ) ) I, Eric Crockett, Secretary of the Redevelopment Agency of the City of Chula Vista, California, do hereby certify that the foregoing Redevelopment Agency Resolution No. 2007-1985/City Council Resolution No. 2007-286 was duly passed, approved, and adopted by the Redevelopment Agency and Chula Vista City Council at a regular meeting held on the 4th day of December 2007. Executed this 4th day of December 2007. ~u/ Eric Crockett, Secretary --..