HomeMy WebLinkAboutReso 2008-101
RESOLUTION NO. 2008-101
(Redevelopment Agency Resolution No. 2008-1993)
JOINT RESOLUTION OF THE CITY COUNCIL AND THE
REDEVELOPMENT AGENCY OF THE CITY OF CHULA
VISTA APPROVING AN AMENDMENT TO THE OWNER
PARTICIPATION AGREEMENT WITH SUNROAD CV AUTO,
INC., AND APPROPRIATING FUNDS ACCORDINGLY
WHEREAS, on February 15, 2005, the Redevelopment Agency of the City of Chula
Vista considered, approved and entered into an Owner Participation Agreement with Sunroad
CV Auto, Inc. (Sunroad) (the OPAl; and
WHEREAS, the purpose of the OP A was to guide the operation and maintenance of a
"first quality, first class" Toyota dealership in the City ofChula Vista; and
WHEREAS, adoption of the proposed resolution will amend the OP A to substitute the
City as a party to the OPA, in place of the Agency; and
WHEREAS, the Amendment would not alter any of the substantive terms of the OP A;
and
WHEREAS, the terms and principles of the original OP A would not be changed by the
Amendment, but rather, would remain the same as those that were approved by the Agency in
2005; and
WHEREAS, Community Development staff has determined that the OPA serves a public
purpose, in that, Sunroad's development and maintenance of the Toyota dealership has resulted,
or will likely result, in the following benefits to the City and its residents:
1. Public improvements, at Sunroad's expense, which will become City property,
including curb, gutter, sidewalk, driveway, ramp and sewer improvements, with
an estimated value in excess of $200,000.
2. Increased business development in the City, including additional auto dealerships.
3. Creation of additional job opportunities for City residents.
4. Additional tax revenue to the City, which will assist the City in providing public
services to its residents.
5. Development, planning and operation of the Toyota dealership in accordance with
the City's adopted Auto Park East Specific Plan and with the operating and
restrictive covenants contained in the OP A.
and
City Council Resolution No. 2008-101
RDA Resolution No. 2008-1993
Page 2
WHEREAS, the OP A provides for certain payments to be made to Sunroad, based on the
sales tax revenues generated by the Sunroad project; and
WHEREAS, those payments are in exchange for the various development, maintenance
and operating covenants agreed to by Sunroad in the OP A; and
WHEREAS, the covenants remain in place and would not be altered by the Amendment;
and
WHEREAS, to date, the amount due under the OP A is $548,334; and
WHEREAS, adoption of this resolution would approve the Amendment and appropriate
$548,334 to be paid to Sunroad in accordance with the OPA.
NOW, THEREFORE, BE IT RESOLVED, that the City Council and the Redevelopment
Agency of the City of Chula Vista approve the "First Amendment to Owner Participation
Agreement with Sunroad CV Auto, Inc.," a copy of which shall be kept on file in the Office of
the City Clerk.
BE IT FURTHER RESOLVED, that the City Council and the Redevelopment Agency of
the City ofChula Vista appropriate $548,334, accordingly.
Presented by
Approved as to form by
~~~t\~~
,
Ann Moore
City Attorney/Agency Counsel
~~
Ann Moore
City Attorney/Agency Counsel
City Council Resolution No. 2008-101
RDA Resolution No. 2008-/993
Page 3
PASSED, APPROVED, and ADOPTED by the City Council and the Redevelopment
Agency of the City of Chula Vista, California, this 22nd day of April 2008, by the following
vote:
AYES:
Council/Agency members: McCann, Ramirez, Rindone, and Cox
NAYS:
Council/Agency members: None
ABSENT:
Council/Agency members: Castaneda
ATTEST:
JAr"'~ t A0A~
Donna R. Norris, CMC,cinterim 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. 2008-1 0 I/Redevelopment Agency Resolution No. 2008-
1993 was duly passed, approved, and adopted by the City Council and Redevelopment Agency at
a regular meeting held on the 22nd day of April 2008.
Executed this 22nd day of April 2008.
o~
C, Interim City Clerk