HomeMy WebLinkAbout2008/02/12 RDA Agenda
_ -' ._.01 ,J~"cll(Y oi perJury that I am
ed by the City of Chula Vista in the
Clerk and that I posted this
ulletin board according to
ents.
~v~
::~
'~"""6:-~
-- - "'"
ellY OF
CHUlA VISfA
Cheryl Cox, Mayor/Chair
Rudy Ramirez, CounciVAgency Member David R. Garcia, City Manager/Executive Director
John McCann, Council/Agency Member Ann Moore, City Attorney/Agency Counsel
Jerry R. Rindone, CounciVAgency Member Donna Norris, Interim City Clerk
Steve Castaneda, CounciVAgency Member
ADJOURNED REGULAR MEETING OF THE CITY COUNCIL AND SPECIAL
MEETING OF THE REDEVELOPMENT AGENCY
February 12, 2008
6:00 P.M.
(Immediately following the City Council Meeting)
Council Chambers
City Hall
276 Fourth Avenue
CALL TO ORDER
ROLL CALL: Council/Agency Members: Castaneda, McCann, Ramirez, Rindone, and
Mayor/Chair Cox
PUBLIC COMMENTS
Persons speaking during Public Comments may address the Council/Redevelopment
Agency on any subject matter within the Council/Agency's jurisdiction that is not listed
as an item on the agenda. State law generally prohibits the Council/Agency from
discussing or taking action on any issue not included on the agenda, but, if appropriate,
the Council/Agency may schedule the topic for future discussion or refer the matter to
staff. Comments are limited to three minutes.
ACTION ITEM
The ltem(s) listed in this section of the agenda will be considered individually by the
Council/Agency, and is expected to elicit discussion and deliberation. If you wish to
speak on the item(s), please fill out a "Request to Speak" form (available in the lobby)
and submit it to the City Clerk prior to the meeting.
1. CONSIDERATION OF THE ESTABLISHMENT OF A POOL OF INVESTMENT
BANKING AND UNDERWRITING FIRMS FOR THE CHULA VISTA MERGED
BAYFRONT/TOWN CENTRE I REDEVELOPMENT PROJECT AREA AND THE
MERGED REDEVELOPMENT PROJECT AREA
A joint planning effort between the CitylRedevelopment Agency and the San Diego
Unified Port District created the Chula Vista Bayfront Master Plan (CVBMP) that
envisions developing a world-class waterfront using sound planning and economics.
Within this area, which encompasses a total of approximately 550 acres that includes
approximately 490 acres of land and 60 acres of water area, is the Merged
Bayfront/Town Centre 1 Redevelopment Project Area. Over the next several years, the
City anticipates the CVBMP's new development and redevelopment projects will result
in between $178 and $510 million in capital and infrastructure requirements. To finance
these projects, it is necessary to establish a pool of investment banking and underwriting
firms to serve as an integral part of the City's financing team. Adoption of the resolution
establishes such a pool. (Finance Director)
Staff recommendation: Council/Agency adopt the following resolutions:
A. JOINT RESOLUTION OF THE CITY COUNCIL AND THE
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
ESTABLISHING A POOL OF INVESTMENT BANKING AND
UNDERWRITING FIRMS FOR THE CHULA VISTA MERGED
BA YFRONT/TOWN CENTRE I REDEVELOPMENT PROJECT AREA
B. JOINT RESOLUTION OF THE CITY COUNCIL AND THE
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
ESTABLISHING A POOL OF INVESTMENT BANKING AND
UNDERWRITING FIRMS FOR THE CHULA VISTA MERGED
REDEVELOPMENT PROJECT AREA
OTHER BUSINESS
2. CITY MANAGER/EXECUTIVE DIRECTOR'S REPORTS
3. MAYOR/CHAIR'S REPORTS
4 COUNCIL/AGENCY MEMBERS' COMMENTS
ADJOURNMENT to the Regular Meeting of February 19, 2008, at 6:00 p.m. in the Council
Chambers.
In compliance with the
AMERICANS WITH DISABILITIES ACT
The City of Chula Vista requests individuals who require special accommodations to access,
attend, and/or participate in a City meeting, activity, or service request such accommodation at
least forty-eight hours in advance for meetings and five days for scheduled services and
activities. Please contact the City Clerk for specific information at (619) 691-5041 or
Telecommunications Devicesfor the Deaf(TDD) at (619) 585-5655. California Relay Service is
also available for the hearing impaired
Page 2 - Jt. CCIRDA Agenda
htto:/ /www.chulavistaca. gOY
February 12, 2008