Loading...
HomeMy WebLinkAboutReso 2010-078RESOLUTION N0.2010-078 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING A REIMBURSEMENT AND LIEN AGREEMENT FOR THIRD AVENUE AND MONTGOMERY STREET IMPROVEMENTS WHEREAS, the proposed Reimbursement and Lien Agreement for Third Avenue and Montgomery Street Improvements (Agreement), is between the City of Chula Vista, a municipal corporation (City), and the Sanchez Family Limited Partnership (Owner); and WHEREAS, this Agreement establishes provisions for the reimbursement by the Owner of costs incurred by the City for the construction of public street improvements along the east side of Third Avenue, north and south of Montgomery Street; and WHEREAS, on January 8, 1981, the Owner entered into two Lien Contract Agreements to provide right-of--way and public street improvements as a condition of approval for a Special Use Permit for the expansion of aprofessional/commercial complex on properties located at the northeast and southeast corners of Third Avenue and Montgomery Street; and WHEREAS, staff met with the Owner, Dr. Sanchez, and informed him of the City's intent to move forward with construction of the improvements, and presented the project's scope and cost; and WHEREAS, the Owner's obligation of the project costs under the 1981 Lien Contract Agreements is estimated at $172,000; and WHEREAS, the proposed Agreement would allow the City to proceed with construction of the street improvements, remove the existing liens and establish new liens binding upon the property, and obligate the Owner to repay construction costs, plus interest, over a period of ten years through an annual assessment on the owner's property tax bill. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista does hereby approve the "Reimbursement and Lien Agreement for Third Avenue and Montgomery Street Improvements," which is on file in the office of the City Clerk. BE IT FURTHER RESOLVED, that the City Clerk is directed to record this agreement with the County Recorder of the County of San Diego. Presented by Richazd pki Director of Publi orks Approved as to form by /' ~aff C. Miesfeld ` City Attorney Resolution No. 2010-078 Page 2 PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 13th day of Apri12010 by the following vote: AYES: Councilmembers: Bensoussan, Castaneda, Thompson and Cox NAYS: Councilmembers: None ABSENT: Councilmembers: None ABSTAIN: Councilmembers: Ramirez ATTEST: Donna R. Noms, CMC, City Clerk STATE OF CALIFORNIA COUNTY OF SAN DIEGO CITY OF CHULA VISTA Cheryl Coy , ay r I, Donna R. Norris, City Clerk of Chula Vista, Califomia, do hereby certify that the foregoing Resolution No. 2010-078 was duly passed, approved, and adopted by the City Council at a regulaz meeting of the Chula Vista City Council held on the 13th day of Apri12010. Executed this 13th day of Apri12010. Donna R. Noms, CMC, City Clerk