HomeMy WebLinkAboutCVRC Reso 2010-002CVRC RESOLUTION N0.2010-002
RESOLUTION OF THE CHULA VISTA REDEVELOPMENT
CORPORATION RECOMMENDING THAT THE CITY
COUNCIL FORGIVE $4.6 MILLION IN OUTSTANDING
LOAN BALANCE OWED TO THE GENERAL FUND FOR
PREVIOUS LOANS OWED TO THE AGENCY BY THE
CHULA VISTA NATURE CENTER.
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 to have reduced the outstanding debt owed to the City of Chula Vista to approximately
$21.7 million; and
WHEREAS, the Redevelopment Agency funded approximately $1.6 million of the $2.5
million in construction costs for the Nature Center; and
WHEREAS, the Redevelopment Agency also provided monies for start up costs and
annual operations of the Nature Center; and
WHEREAS, when the Nature Center in 2002 was transferred from the Bayfront
Conservancy Trust to the City of Chula Vista, the City Council and Redevelopment Agency
forgave $4.6 million dollars in loans owed to the Agency; and
WHEREAS, the Chula Vista Redevelopment Corporation recommends that the City
Council reconsider this forgiveness of debt and rather credit the amount towards the outstanding
loan balance of the Agency; and
WHEREAS, staff has reviewed the proposed activity for compliance with the State of
California Environmental Quality Act ("CEQA"), California Public Resources Code Section
21000 et seg., and has determined that the activity is not a "Project" as defined under Section
15378(b)(4) of the State CEQA Guidelines, therefore, pursuant to Section 15060(c)(3) of the State
CEQA Guidelines the activity is not subject to CEQA.
NOW, THEREFORE, BE IT RESOLVED that the Chula Vista Redevelopment
Corporation hereby finds that the forgiveness of this debt will provide greater financial resources
necessary to accomplish the goals consistent with Community Redevelopment Law and the
Bayfront Redevelopment Plan by alleviating and preventing the spread of blight and
deterioration of the project areas and shall further protect the health, safety and welfare of the
citizens of Chula Vista
BE IT FURTHER RESOLVED by the Chula Vista Redevelopment Corporation that it
hereby recommends that the City Council of the City of Chula Vista forgive $4.6 million in
CVRC Resolution 2010-002
Page -2-
outstanding loan balance owed to the General Fund for previous loans owed to the
Redevelopment Agency by the Chula Vista Nature Center.
Presented by
Gary Halbe , A CP, PE
Deputy Ci Manager/Director of
Development Services
Approved as to form by
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//; _ ~
B Miesfel '
City Atto ey
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:
NAYS:
ABSENT:
ABSTAIN
ATTEST:
Directors: Munoz, Paul, Reyes, and Salas
Directors: None
Directors: Desrochers and Flores
Directors: Lewis
/_ • l ~~~
ri~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. 2010-002
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 25th day of February
2010.
Executed this 25~' day of February 2010
~~~~~;x~
ricE~ C. Crockett, Secretary