HomeMy WebLinkAboutReso 2008-062
RESOLUTION NO. 2008-062
(RDA Resolution No. 2008-1991)
JOINT RESOLUTION OF THE CITY COUNCIL AND THE
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
APPROVING AMENDMENT NO.2 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 EXTENDING THE TERM OF
THE LETTER OF INTENT THROUGH MAY 31, 2008,
AUTHORIZING THE CITY MANAGER/EXECUTIVE DIRECTOR
TO EXECUTE AMENDMENT NO. 2 TO THE LETTER OF
INTENT ON BEHALF OF THE CITY AND THE
REDEVELOPMENT AGENCY, AND AUTHORIZING THE CITY
MANAGER/EXECUTIVE DIRECTOR TO APPROVE AND
EXECUTE AN ADDITIONAL 60-DA Y EXTENSION OF THE
TERM OF THE LETTER OF INTENT THROUGH JUL Y 30, 2008
ON BEHALF OF THE CITY AND THE REDEVELOPMENT
AGENCY, IF NEEDED
WHEREAS, the City Council and the Redevelopment Agency of the City of Chula Vista
approved a Letter ofIntent (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- I 953 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 LOI on October 10,
2006, pursuant to RDA Resolution No. 2006- I 958 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
ofChula Vista approved Amendment No. I to the Letter ofIntent which allowed for the extension of
the term 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 additional90-day extension beyond November 30,2007, if mutually agreed to by the parties; and
Resolution No. 2008-062
(RDA Resolution No. 2008-1991)
Page 2
WHEREAS, on December 4, 2007, the City Council and the Redevelopment Agency of the
City of Chula Vista approved a 90-day extension to the Lor extending the term of the LOI to
February 28, 2008, pursuant to RDA resolution No. 2007- 1985 and City Council Resolution No.
2007-286; and
WHEREAS, the parties to the Lor still agree on the fundamental goals and objectives set
forth in the Lor, however, the parties require additional time to finalize the formal agreements
contemplated in the LOI; and
WHEREAS, staff is recommending that the term of the Lor be extended until May 3 I, 2008;
and
WHEREAS, staff is also recommending that the City Manager/Executive Director be
authorized to approve and execute an additional 60-day extension of the term of the LOI until
July 30, 2008.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City ofChuIa Vista and
the Redevelopment Agency ofthe City of Chula Vista as follows:
I. That it approves Amendment No.2 to the Letter ofIntent between the City ofChula Vista,
the Redevelopment Agency of the City ofChula Vista, the San Diego Unified Port District,
and Gaylord Entertainment Company extending the term of the Letter of Intent through
May 3 I, 2008.
2. That it authorizes the City Manager/Executive Director to execute Amendment No.2 to the
Letter ofIntent on behalf of the City and the Redevelopment Agency.
3. That it authorizes the City ManagerlExecutive Director to approve and execute an additional
60-day extension of the term of the Letter of Intent through July 30, 2008, on behalf of the
City and the Redevelopment Agency, if needed.
Presented by
Approved as to form by
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Denny Stone
Economic Development Officer
<&~c~r~),\\.\.,
Ann Moore
City Attorney
Resolution No. 2008-062
(RDA Resolution No. 2008-1991)
Page 3
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 19th day of February 2008 by the following vote:
A YES: Council/Agency members: McCann, Ramirez, Rindone, and Cox
NAYS: Council/Agency members: None
ABSENT: Council/Agency members: None
ABSTAIN : Council/Agency members: Castaneda
ATTEST:
1fhkW ')~~~ ,
Donna R. Norris!C C, nterim City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Donna R. Norris, Interim City Clerk of Chula Vista, California, do hereby certifY that the foregoing
City Council Resolution No. 2008-062/Redevelopment Agency Resolution No. 2008-1991 was duly
passed, approved, and adopted by the City Council and Redevelopment Agency at a regular meeting
held on the 19th day of February 2008.
Executed this 19th day of February 2008.
J~ ",A:?hA~
Donna R. Norris; CMC, Interim City Clerk