HomeMy WebLinkAboutReso 2009-165RESOLUTION NO. 2009-165
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING CHULA VISTA TRACT NO.
92-02A, ROLLING HILLS RANCH, SUBAREA III,
NEIGHBORHOOD lOB RESTATEMENT AND ASSIGNMENT
AGREEMENT BY MCMILLIN ROLLING HILLS RANCH, LLC
AND K. HOVNANIAN AT BELLA LAGO, LLC
WHEREAS, on September 13, 2005, McMillin entered into Subdivision Improvement
Agreement (SIA) for Rolling Hills Ranch Neighborhood ] 0 (the "Property"), which provided
that McMillin would install and complete at McMillin's own expense and at no cost to City the
improvements required by City in connection with the Project; and
WHEREAS, on December 6, 2006, Hovnanian purchased the Property from McMillin
and has agreed to replace the bonds required under the SIA; and
WHEREAS, Hovnanian is willing to enter into the Restatement and Assignment Agreement
by and Between the City of Chula Vista, McMillin Rolling Hills Ranch, LLC and K. Hovnanian at
Bella Lago, LLC which provides that Hovnanian will replace the bonds previously posted by
McMillin and will assume all of the duties and obligations of McMillin secured by the bonds
pursuant to the SIA.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista does hereby approve the Chula Vista Tract No. 92-092A, Rolling Hills Ranch, Subarea III,
Restatement and Assignment Agreement by and Between the City of Chula Vista, McMillin
Rolling Hills Ranch, LLC and K. Hovnanian at Bella Lago, LLC, relating to Neighborhood l OB.
Presented by Approved as to form by
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Gazy albeit P. ., AI B C. Miesfe j'
Deputy City anager/Development Services rty Attorn~
Director
Resolution 2009-165
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 14th day of July 2009 by the following vote:
AYES: Councilmembers: Bensoussan, Castaneda, Ramirez, and Cox
NAYS: Councilmembers: None
ABSENT: Councilmembers: McCann
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Cheryl Cox, I yo
ATTEST:
Donna R. Norris, C C, City Clerk
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
I, Donna R. Norris, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2009-165 was duly passed, approved, and adopted by the City Council at a
regulaz meeting of the Chula Vista City Council held on the 14th day of July 2009.
Executed this 14th day of July 2009.
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Donna R. Noms, CMC, City Clerk