HomeMy WebLinkAboutCVRC Reso 2009-005CVRC RESOLUTION NO. 2009-005
RESOLUTION OF THE CHULA VISTA REDEVELOPMENT
CORPORATION RECOMMENDING THAT THE
REDEVELOPMENT AGENCY APPROPRIATE $400,000
FROM THE 2008 TAX ALLOCATION REFUNDING BONDS
AS A REPAYMENT TO THE CITY OF CHULA VISTA
GENERAL FUND AND APPLYING THOSE FUNDS TOWARD
IMPROVEMENTS OF THE ANIMAL CARE FACILITY
WHEREAS, the PIMA Medical Institute (PIMA) is seeking to partner with the City of
Chula Vista and the Chula Vista Redevelopment Agency (RDA) to expand and improve the
Animal Care Facility (ACF); and
WHEREAS, this partnership provides a way for the City to improve overall animal care
services to the public while at the same time, provides PIMA with a way to enhance the
educational experience of their students; and.
WHEREAS, to assist the City in funding the necessary improvements to the City owned
lot for the PIMA Medical Institute, staff is recommending appropriating $400,000 from the 2008
Tax Allocation Refunding Bonds for repayment to the City of Chula Vista of the Agency Loan;
and
WHEREAS, by contractual agreement, PIMA agrees to reimburse the City for half of its
total costs for tenant improvements ($200,000) which will be repaid over a 10-year period.
NOW, THEREFORE, BE IT RESOLVED that the Chula Vista Redevelopment
Corporation does hereby recommend that the Redevelopment Agency appropriate $400,000 from
the 2008 Tax Allocation Refunding Bonds as a repayment to the City of Chula Vista General
Fund and applying those funds toward improvements of the Animal Care Facility.
Presented by Approved as to form by
1'i~ ~ ~
Sandoval art Miesfe
'ef Executive Officer ~ eneral Counsel
CVRC Resolution 2009-005
Page 2
PASSED..APPROVED, and ADOPTED by the Chula Vista Redevelopment Corporation
of the City of Chula Vista, this 11th day of.lune 2009; by the following vote:
AYES: Directors: Desrochers, Flores, Munoz. Paul, Reyes; Salas, and Lewis
NAYS: Directors: None
ABSENT: Directors: None
ABSTAIN: Directors: None
H.
ATTEST:
Eric C. Crockett, Secretary
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
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I, Eric C. Crockett, Secretary of the Chula Vista Redevelopment Corporation of the City of
Chula Vista, California, do hereby certify that the foregoing CVRC Resolution No. 2009-005
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 11th day of June
2009.
Executed this 1 l th day of June 2009.
Eric C. Crockett, Secretary