HomeMy WebLinkAboutCVRC Reso 2010-001CVRC RESOLUTION NO 2010-001
RESOLUTION OF THE CHULA VISTA REDEVELOPMENT
CORPORATION RECOMMENDING THAT THE
REDEVELOPMENT AGENCY 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 THE INDEPENDENTLY APPRIASED VALUE OF
$9.6 MILLION.
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
2009/10 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 14.41 acre site is designated by the City's General Plan as Open Space
Recreation; and
WHEREAS, the community supports the 14.41 acre site as a future public park; and
WHEREAS, the sale of the 14.41 acre site to the City for a future park would generate
approximately $9.6million dollars in Agency proceeds that could further reduce the debt owed to
the City; 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 park purposes) categorical exemption pursuant to Section 15325 [Transfer of
Ownership of Interest in Land to Preserve Existing Natural Conditions] of the State CEQA
Guidelines.
NOW, THEREFORE, BE IT RESOLVED by the Chula Vista Redevelopment
Corporation that it hereby recommends that the Redevelopment Agency of the City of Chula
Vista sell the 14.41 acres site (APN 563-350-1300 and 566-131-0100) to the City of Chula Vista
for use as a future public park for the independently appraised value of $9.6 million.
CVRC Resolution 2010-001
Page -2-
Presented by
.,
Gary H ]bert P, P
Deputy City Manager/Director of
Development Services
Approved as to form by
.I~ „~=/,
Bart~iesfel
City Attorney
PASSED, APPROVED, and ADOPTED by the Chula Vista Redevelopment Corporation
of the City of Chula Vista, this 25th day of February 2010, by the following vote:
AYES: Directors: Munoz, Paul, Reyes, Salas, and Lewis
NAYS: Directors: None
ABSENT: Directors: Desrochers and Flores
ABSTAIN: Directors: None
C 'stopher .Lewis,
ATTEST:
~~
Eric C. Crockett, Secretary
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
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. 2010-001
was duly passed, approved, and adopted by the Chula Vista Redevelopment Corporation at a
special meeting of the Chula Vista Redevelopment Corporation held on the 25`h day of February
2010
Executed this 25"' day of February 2010.
~~ l~
ricE~C. Crockett, Secretary