HomeMy WebLinkAboutCVRC Reso 2008-001
CVRC RESOLUTION NO. 2008-001
RESOLUTION OF THE CHULA VISTA REDEVELOPMENT
CORPORATION APPROVING AN EXCLUSIVE NEGOTIATING
AGREEMENT WITH GALAXY COMMERCIAL HOLDING, LLC
FOR PROPERTY LOCATED AT 707 F STREET IN THE CITY OF
CHULA VISTA
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, on November 8, 2007, Galaxy Commercial Holding, LLC (Developer) and
the CVRC entered into and executed an ENA for the development of three parcels located at the
southwest comer of E Street and Woodlawn Avenue in the City of Chula Vista (Assessor Parcel
Numbers 567-031-1700, 567-031-2800, 567-031-2900); and
WHEREAS, Developer has an interest in said parcels (Adjacent Parcels) through a 300-
day Purchase and Sale Agreement; and
WHEREAS, on January 16,2008, Developer submitted a request to the Redevelopment
Agency for an amendment to the November 8, 2007 ENA to include property located at 707 F
Street in the City of Chula Vista; and
WHEREAS, that certain real property located at 707 F Street (Assessor Parcel Number
567-031-2700) consists of a single City-owned parcel that previously served as the City's
corporation yard and encompasses approximately 257,858 square feet, or 5.98 acres, of territory
located at the northwest comer ofF Street and Woodlawn Avenue Property); and
WHEREAS, Developer is conceptually proposing to develop an urban, mixed-use
residential project (Project) on the Property and Adjacent Parcels, in accordance with the City's
land use goals and policies for the E Street Visitor Transit Focus Area of the General Plan, and
the City's development standards and design guidelines of the DC-15 Subdistrict of the Urban
Core Specific Plan (UCSP); and
WHEREAS, CVRC support staff has determined that Developer is qualified to design
and develop a high quality project on the Property that is consistent with the goals of the
Agency's adopted Amended and Restated Redevelopment Plan for the Merged Chula Vista
Redevelopment Project Area, containing the Town Centre II Redevelopment Project Area; and
WHEREAS, the CVRC became a legal entity on June 15, 2005, and became operational
on February 23, 2006; and
CVRC Resolution No. 2008-001
Page 2
WHEREAS, the CVRC is authorized under Chapter 2.55.060 of the Chula Vista
Municipal Code (CVMC) to approve exclusive negotiating agreements within redevelopment
project areas on behalf of the Agency; and
WHEREAS, based on Developer's qualifications and current real estate interest in the
Adjacent Parcels, it is in the interest of the Chula Vista Redevelopment Agency and the City of
Chula Vista for the CVRC to execute and enter into an ENA with Developer for the proposed
development site; and
WHEREAS, it is also in the interest of the Agency and City for the CVRC to execute and
enter into said ENA without performing a formal Request for Qualifications/Proposals process
based on the following reasons: (1) Developer possesses an existing real estate interest in the
Adjacent Parcels through a 300-day Purchase and Sale Agreement; (2) Developer is highly
qualified to develop a transit-oriented, urban infill project at this location; and (3) the CVRC
previously qualified Developer to develop a project in the E Street Visitor Transit Focus Area, as
designated by the City's General Plan, when it entered into the E & Woodlawn ENA; and
WHEREAS, the objectives of the CVRC in executing and entering into this ENA with
Developer are to: (1) Study and analyze the physical and economic opportunities and constraints
for the redevelopment of the Property based on various factors, including, but not limited to, the
City's adopted land use plans and policies for the Property, adjacent land ownerships and
property interests in the UC-15 Subdistrict, parcel configurations, circulation and traffic patterns,
environmental factors, plans for regional transportation facilities, Bayfront planning and
redevelopment activities, and public input; and (2) Review and analyze development scenarios
for a Project to determine their financial viability and their consistency with the goals, objectives,
policies, and standards of the City's 2005 General Plan Update and 2007 Urban Core Specific
Plan; 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
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 owned by the City of Chula Vista.
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 707 F Street in the City of Chula Vista, and
authorizes the Chair to execute said Agreement.
CVRC Resolution No. 2008-001
Page 3
Presented by
Approved as to form by
7
~~
Eric C. Crockett
Secretary
PASSED, APPROVED, and ADOPTED by the Chula Vista Redevelopment Corporation
of the City ofChula Vista, this 13th day of March 2008, by the following vote:
AYES:
Directors: Desrochers, Munoz, Paul, Reyes, Rooney, and Salas
NAYS:
Directors: None
ABSENT:
Directors: Lewis
ABSTAIN:
Directors: None
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
)
)
)
)1
ATTEST:
~~
Erie C. Crockett, Secretary
1, Eric C. Crockett, Secretary of the Chula Vista Redevelopment Corporation of the City of
Chula Vista, California, do hereby certify that thc foregoing CVRC Resolution No. 2008-001
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 13th day of March
2008.
Executed this 13th day of March 2008.
d~
Eric C. Crockett, Secretary