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HomeMy WebLinkAboutOrd 1996-2691 ORDINANCE NO. 2691 AN ORDINANCE OF THE CITY OF CHULA VISTA AMENDING OTAY RANCH PRE-ANNEXATION DEVELOPMENT AGREEMENT BETWEEN OTAY RANCH, L.P., A CALIFORNIA LIMITED PARTNERSHIP, VILLAGE DEVELOPMENT, A CALIFORNIA GENERAL PARTNERSHIP, AND THE CITY OF CHULA VISTA WHEREAS, on June 25, 1996, the City Council approved a Pre-Annexation Agreement between the City of Chula Vista and Otay Ranch, L.P., a California partnership, et al pursuant to Ordinance No. 2679; and WHEREAS, on June 25, 1996, the Planning Commission and City Council met jointly and approved a development agreement for the above parties; and WHEREAS, there is now a mutual desire by the City and Village Development and Otay Ranch L.P. to amend the agreement to further guarantee infrastructure improvements where the developer wants to create parcels for sale prior to finalizing the typical final subdivision map; and WHEREAS, in addition, on August 20, 1996, the Council requested and Otay Ranch, L. P. and Village Development agreed that the agreement could be revised to address any potential problems with regard to any debt payment that might be levied to make public improvements or should development be only partially completed on any particular project. NOW, THEREFORE, the City Council of the City of Chula Vista ordains as follows: SECTION h The Otay Ranch Pre-Annexation Development Agreement between Otay Ranch, L.P., a California limited partnership, Village Development, a California general partnership, and the City of Chula Vista is hereby amended as set forth in the Amended Agreement on file in the office of the City Clerk as Document No. C096-210. SECTION II: The Mayor of the City of Chula Vista is hereby authorized and directed to execute said Amended Agreement for and on behalf of the City of Chula Vista. SECTION IIh This ordinance shall take effect and be in full force on the effective date of annexation as set forth in the attached Pre-Annexation Development Agreement as amended. SECTION IV: The previously approved Pre-Annexation Development Agreement only between Otay Ranch L.P. and Village Development and the City adopted by the City Council by Ordinance No. 2679 shall be null and void with respect to these parties upon adoption of this ordinance. Presented by Approved as to form by ~orge"Krem'~l ' Deputy City Manager y Attorney Ordinance 2691 Page 2 PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 26th day of November, 1996, by the following vote: AYES: Councilmembers: Alevy, Moot, Hotton NAYS: Councilmembers: Rindone ABSENT: Councilmembers: None ABSTAIN: Councilmembers: Padilia St{il~ey Hotton, Mayor ATTEST: Beverly ~, Authelet, City Clerk STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) ss. CITY OF CHULA VISTA ) I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do hereby certify that the foregoing Ordinance No. 2691 had its first reading at a regular meeting held on the 19th day of November, 1996 and its second reading and adoption at a regular meeting of said City Council held on the 26th day of November, 1996. Executed this 26th day of November, 1996. Beverly A/. Authelet, City Clerk