HomeMy WebLinkAboutCVRC Reso 2007-032
CVRC RESOLUTION NO. 2007-032
RESOLUTION OF THE CHULA VISTA REDEVELOPMENT
CORPORATION APPROVING AN EXCLUSIVE NEGOTIATING
AGREEMENT WITH GALAXY COMMERCIAL HOLDING, LLC
FOR PROPERTIES LOCATED ON THE SOUTHEAST CORNER
OF E STREET AND WOODLA WN AVENUE
WHEREAS, it is the role and responsibility of the Chula Vista Redevelopment
Corporation (CVRC) and the Redevelopment Agency of the City of Chula Vista (Agency) to
promote economic vitality, create market confidence, encourage environmental health and
remediation, create public benefits and amenities, and facilitate the development, reconstruction,
and rehabilitation of residential, commercial, industrial, and retail uses in the City of Chula
Vista; and
WHEREAS, an Exclusive Negotiating Agreement (ENA) is an important redevelopment
tool to the Agency to establish a legal and contractual framework for negotiations and provide a
defined timeline for completion of predevelopment activities with a developer on a potential
redevelopment project; and
WHEREAS, Galaxy Commercial Holding, LLC (Developer) has submitted a Statement
of Qualifications and unsolicited proposal to develop a mixed-use residential condominium
project on privately-owned properties located at the southeast comer of E Street and Woodlawn
Avenue, consisting of Assessor Parcel Numbers 567-031-1700, 567-031-2800, 567-031-2900
("Property"), located in the Agency's Added Area Redevelopment Project Area ("Added Area");
and
WHEREAS, CVRC support staff has determined that Developer is qualified to design
and develop a high quality project at the proposed development site that is consistent with the
goals of the Agency's adopted Redevelopment Plan for the Merged Chula Vista Redevelopment
Project Area, containing the Added Area; and
WHEREAS, the Chula Vista Redevelopment Corporation (CVRe) became a legal entity
on June 15,2005, and became operational on February 23, 2006; and
WHEREAS, the CVRC is authorized under Chapter 2.55.060 of the Chula Vista
Municipal Code (CVMe) to approve exclusive negotiating agreements within redevelopment
project areas on behalf of the Agency; and
WHEREAS, it is in the interest of the Chula Vista Redevelopment Agency and the City
of Chula Vista for the Chula Vista Redevelopment Corporation to execute and enter into an ENA
with Developer for the proposed development site based on Developer's qualifications; and
WHEREAS, approval of the ENA is exempt from the California Environmental Quality
Act (CEQA) pursuant to Section 15061(b)(3) of the State CEQA Guidelines; and
CVRC Resolution No. 2007-032
Page 2
WHEREAS, state law and locally-adopted owner participation rules provide for the
extension of owner participation rights to all property owners who would be affected by the
proposed development; and
WHEREAS, no owner participation process is required at this time as the Property is
currently the subject of a Purchase and Sale Agreement between the Developer and owner.
NOW THEREFORE BE IT RESOLVED that the Chula Vista Redevelopment
Corporation does hereby approve the Exclusive Negotiating Agreement with Galaxy
Commercial Holding, LLC for Property located at the southeast corner of E Street and
Woodlawn A venue, and authorizes the Chair to execute said Agreement.
Presented by
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Eric Crockett
Secretary
Approved as to form by
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Ann Moore
General Counsel
PASSED, APPROVED, and ADOPTED by the Chula Vista Redevelopment Corporation
of the City of Chula Vista, California, this 8th day of November 2007, by the following vote:
AYES:
Directors:
NAYS:
ABSENT:
Directors:
Directors:
ATTEST:
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Eric Crockett, Secretary
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
Desrochers, Munoz, Paul, Reyes, and Lewis
None
I, Eric Crockett, Secretary of the Chula Vista Redevelopment Corporation of the City of Chula
Vista, California, do hereby certify that the foregoing CVRC Resolution No. 2007-032 was duly
passed, approved, and adopted by the Chula Vista Redevelopment Corporation at a regular
meeting of the Chula Vista Redevelopment Corporation held on the 8th day of November 2007.
Executed this 8th day of November 2007.
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Eric Crockett, Secretary
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