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HomeMy WebLinkAboutReso 2010-016RESOLUTION NO. 2010-016 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING DEVELOPMENT IMPACT FEE PAYMENT PLAN AGREEMENTS (AGREEMENTS) WITH BROOKFIELD OTAY R17, LLC, FOR OTAY RANCH VILLAGE 11, "CORDOVA," PHASE FIVE AND SIX AND WITH BROOKFIELD OTAY R15/16, LLC FOR OTAY RANCH VILLAGE 11, "TRELLIS" PHASE SEVEN AND EIGHT; AUTHORIZING THE CITY MANAGER TO EXECUTE THE AGREEMENTS ON BEHALF OF THE CITY, AND DIRECTING THE CITY CLERK TO RECORD THE LIENS AND THE AGREEMENTS WITH THE COUNTY RECORDER OF THE COUNTY OF SAN DIEGO WHEREAS, the City requires the payment of vazious processing, development impact, capacity, and in-lieu fees to ensure new development mitigates its impact on public facilities; and WHEREAS, the payment of these fees is a substantial commitment for many projects, and spreading the payment of the fees over an extended period may assist in the development of projects; and WHEREAS, in December 2008, members of the development community contacted the City and requested an extended payment schedule program be considered; and WHEREAS, the City Council approved Ordinance No. 3120 establishing the Development Processing and Impact Fee Payment Plan, which became effective on Februazy 6, 2009; and WHEREAS, in Cordova Phase Five and Six, Brookfield Otay R17 LLC proposes to develop 24 condominium units in Otay Ranch Village 11, Neighborhood R17; and WHEREAS, in Trellis Phase Seven, Brookfield Otay R15/16 LLC proposes to develop 26 single family units in Otay Ranch Village 11 Neighborhoods R15 and R16; and WHEREAS, Brookfield Otay R17 LLC, owns Cordova Phase Five and Six and agrees that they are responsible for all of the development impact fees owed for the project; and WHEREAS, Brookfield Otay R15/16 LLC, owns Trellis Phase Seven and Eight and agrees that they are responsible for all of the development impact fees owed for the project; and WHEREAS, both Brookfield Otay R17 LLC and Brookfield Otay RIS/16 LLC acknowledge and agree that these fees are due and payable to the City prior to or upon the call for final inspection; and Resolution No. 2010-016 Page 2 WHEREAS, by executing this agreement and placing a lien on the property, the City is securing the payment of the deferred fees. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista does hereby: 1. Approve the Development Impact Fee Payment Plan Program agreements with Brookfield Otay R17 LLC, for Cordova Phases 5 and 6. 2. Approve the Development Impact Fee Payment Plan Program agreements with Brookfield Otay R15/16 LLC, for Trellis Phases 7 and 8 3. Authorize the City Manager to execute the agreements on behalf of the City. 4. Direct the City Clerk to record the liens and the agreements with the County of San Diego Recorder. Approved as to form by Deputy Ci~y Manager/Director of Development Services < / ` ~, C Bart . Miesfeld C' y Attorney Presented by Resolution No. 2010-016 Page 3 PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 26th day of January 2010 by the following vote: AYES: Councilmembers: Bensoussan, Castaneda, Ramirez, Thompson and Cox NAYS: Councilmembers: None ABSENT: Councilmembers: None Cheryl Cox ay r ATTEST: o Donna R. Norris, CMC, 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. 2010-016 was duly passed, approved, and adopted by the City Council at a regulaz meeting of the Chula Vista City Council held on the 26th day of January 2010. Executed this 26th day of January 2010. ~ ~~~~ Donna R. Norris, CMC, City Clerk