HomeMy WebLinkAboutReso 2008-102
RESOLUTION NO. 2008-102
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AMENDING THE FISCAL YEAR 2008
BUDGET AND APPROPRIATING $1,228,169 FROM THE
AVAILABLE FUND BALANCE IN OT A Y RANCH VILLAGES
I, 2, 5, AND 6 PEDESTRIAN BRIDGE DEVELOPMENT
IMPACT FEE TO REIMBURSE OTAY PROJECT, L.P. FOR
THE CONSTRUCTION OF THE EAST AND WEST OLYMPIC
P ARKW A Y PEDESTRIAN BRIDGES
WHEREAS, the Otay Ranch Pedestrian Bridge Development Impact Fee (OIF) program
sets a procedure whereby a developer may receive authorization, reimbursement and/or credit for
construction of eligible pedestrian bridges (Ordinance 2892); and
WHEREAS, Otay Project, L.P. and the City entered into the Otay Ranch Pedestrian
Bridge Development Impact Fee Agreement (Agreement), as amended; and
WHEREAS, the developer, Otay Project, L.P., was authorized to construct certain
Pedestrian Bridge Facilities between Villages 5 and 6 and Pedestrian Bridge Facilities between
Villages I and 2 pursuant to Resolution No. 2003-255 and 2005-016; and
WHEREAS, Otay Project, L.P. has constructed said facilities pursuant to the terms of
Ordinance 2892 and the Agreement and is eligible for reimbursement from the Pedestrian Bridge
OIF Fund; and
WHEREAS, Otay Project, L.P. has submitted its reimbursement requests in accordance
with the Agreement and the Engineering and General Services Department has reviewed these
requests and determined eligible construction costs; and
WHEREAS, City staff has determined that the amount of eligible costs are:
$1,169,103.26 for the West Pedestrian Bridge and $774,273.13 for the East Pedestrian Bridge,
for a total amount of$1,943,376.39; and
WHEREAS, the Pedestrian Bridge OIF has an available fund balance of $1,228,169.00,
to reimburse the Developer for the remaining eligible costs; and
WHEREAS, the total eligible construction costs for these two facilities exceeds the
amounts available from the funding sources, CFDs and Pedestrian Bridge D1F funds, according
to Section 13 of the Agreement, the Developer may then apply the balance as a credit against
future Otay Ranch Pedestrian Bridge Development Impact Fee obligations.
Resolution No. 2008-102
Page 2
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista amends the fiscal year 2008 budget and appropriates $1,228,169 from the available fund
balance in the Otay Ranch Villages 1, 2, 5, and 6 Pedestrian Bridge Development Impact Fee
funds to reimburse Otay Project, L.P. for the construction of the East and West Olympic
Parkway Pedestrian Bridges.
Presented by
Approved as to form by
and General Services Director
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Ann Moore
City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 22nd day of April 2008 by the following vote:
AYES:
Councilmembers:
McCann, Ramirez, Rindone, and Cox
NAYS:
Councilmembers:
None
ABSENT:
Councilmembers:
Castaneda
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Cheryl co~ May r
ATTEST:
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Donna R. Norris, CMC, Interim 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 Resolution No. 2008-102 was duly passed, approved, and adopted by the City Council
at a regular meeting of the Chula Vista City Council held on the 22nd day of April 2008.
Executed this 22nd day of April 2008.
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Donna R. Norris: CMC, Interim City Clerk
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