HomeMy WebLinkAboutRDA Reso 2010-2018RDA RESOLUTION NO.2010-2018
(City Councdd Resolution No. 20/0-052)
JOINT RESOLUTION OF THE CHULA VISTA
REDEVELOPMENT AGENCY AND CITY COUNCIL
AUTHORIZING THE EXECUTIVE DIRECTOR TO SELL
FROM THE REDEVELOPMENT AGENCY AND THE CITY
MANAGER TO PURCHASE FOR THE CITY OF CHULA
VISTA THE 14.41 ACRE SITE (APN 563-350-1300 AND 566-
131-0100) LOCATED IN THE LOWER SWEETWATER
VALLEY FOR THE APPRAISED VALUE OF
APPROXIMATELY $9.6 MILLION AND APPROVING AN
INTERFUND LOAN FROM THE EASTERN PARKLAND
ACQUISITION AND DEVELOPMENT FEE FUND TO THE
WESTERN PARKLAND ACQUISITION AND
DEVELOPMENT FEE FUND TO ACQUIRE THE SITE AND
AUTHORIZING THE EXECUTIVE DIRECTOR/CITY
MANAGER OR HIS DESIGNEE TO EXECUTE ALL
NECESSARY DOCUMENTS TO CONVEY THE SITE TO THE
CITY AND AUTHORIZING THAT THE PROCEEDS OF THE
SALE BE APPLIED TO THE OUTSTANDING LOAN
BALANCE OWED TO THE CITY'S GENERAL FUND FOR
FISCAL YEAR 2010/2011
WHEREAS, the Redevelopment Agency has a $26 million outstanding loan balance
owed to the City of Chula Vista; and
WHEREAS, the Redevelopment Agency over the past two fiscal years has diligently
pursued efforts to reduce the outstanding loan balance; and
WHEREAS, the Redevelopment Agency anticipates that by the end of fiscal year
2009/2010, it will have reduced the outstanding debt owed to the City to approximately $21.7
million; and
WHEREAS, the Redevelopment Agency owns a 14.41 acre site located in the lower
Sweetwater Valley (APN 563-350-1300 and 566-131-0100); and
WHEREAS, the subject 14.41 acre site is designated by the City's General Plan as Open
Space Recreation; and
WHEREAS, the community supports the subject 14.41 acre site as a future public park;
and
WHEREAS, the sale of the subject 14.41 acre site to the City for a future pazk could
generate approximately $9.6 million dollars in Agency proceeds that could further reduce the
debt owed to the City; and
RDA Resolution No. 2010-2018
(City Council Resolution No. 2010-052)
Page 2
WHEREAS, the Chula Vista Redevelopment Corporation recommended at their January
14, 2010 Board meeting, that the Redevelopment Agency sell the subject 14.41 acre site to the
City of Chula Vista for use as a future public pazk for an amount equal to the current park
acquisition fee collected by the City on development projects in Western Chula Vista; and
WHEREAS, the City will use Pazkland Acquisition and Development (PAD) funds to
purchase the subject 14.41 acre site from the Redevelopment Agency; and
WHEREAS, the City's Westem PAD fund has insufficient funds to purchase the subject
14.41 acre site from the Agency; and
WHEREAS, the City's Eastern PAD fund has sufficient funds to purchase the subject
14.41 acre site; and
WHEREAS, funds from the Eastern PAD fund, in the amount of approximately $9.6
million, will be loaned to the Western PAD fund to fund the acquisition of the subject 14.41 acre
site; and
WHEREAS, if there aze insufficient funds in the Eastern PAD fend to construct the park
for which they were collected, the Redevelopment Agency agrees to purchase credits or loan, up
to a maximum amount of $9.6, to the City's Eastem PAD fund to construct the park; and
WHEREAS, the Environmental Review Coordinator has reviewed the proposed action
for compliance with the California Environmental Quality Act (CEQA) and has determined that
the project qualifies for a Class 25 (f) (Acquisition, sale, or other transfer to preserve open space
or lands for pazk purposes) categorical exemption pursuant to Section 15325 (Transfer of
Ownership of Interest in Land to Preserve Existing Natural Conditions) of the State CEQA
Guidelines. Thus, no further environmental review is required.
NOW, THEREFORE, BE IT RESOLVED that the Chula Vista Redevelopment Agency
hereby authorizes the Executive Director to sell the 14.41 acre site (APN 563-350-1300 and 566-
131-0100) located in the lower Sweetwater Valley, to the City of Chula Vista for an amount
equal to the current pazk acquisition fee collected by the City on development projects in
Western Chula Vista; and
BE IT FURTHER RESOLVED that the Chula Vista Redevelopment Agency and City
Council authorize the Executive Director/City Manager or his designee to execute all necessary
documents to convey the subject 14.41 acre site to the City of Chula Vista; and
BE IT FURTHER RESOLVED that the City Council approves an interfund loan from the
Eastem Pazkland Acquisition and Development fund to the Western Pazkland Acquisition and
Development fund to acquire the site; and
BE IT FURTHER RESOLVED that the Chula Vista Redevelopment Agency hereby
authorizes the Executive Director to apply the proceeds of the sale of the subject 14.41.acre site
toward the Redevelopment Agency's outstanding loan balance owed to the City of Chula Vista's
General Fund for fiscal year 2010/2011.
RDA Resolution No. 2010-2018
(City Council Resolution No. 2010-052)
Page 3
Presented by
Gary H
Deputy
Services
of
Approved as to form by
PASSED, APPROVED, and ADOPTED by the Redevelopment Agency and the City
Council of the City of Chula Vista, California, this 2nd day of March 2010, by the following
vote:
AYES: Agency/Councilmembers: Bensoussan, Castaneda, McCann, Ramirez,
and Cox
NAYS: Agency/Councilmembers: None
ABSENT: Agency/Councilmembers: None
ATTEST:
7~~
Enc Crockett, Secretary
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
1
Cheryl Cox, Chairp so 1 ayor
I, Eric Crockett, Secretary of the Redevelopment Agency of the City of Chula Vista, California,
do hereby certify that the foregoing Redevelopment Agency Resolution No. 2010-2018/City
Council Resolution No. 2010-052 was duly passed, approved, and adopted by the
Redevelopment Agency and Chula Vista City Council at a regular meeting held on the 2nd day
of March 2010.
Executed this 2nd day of March 2010.
Eric Crockett, Secretary