HomeMy WebLinkAboutAgenda Statement 1988/07/19 Item 20
CITY COUNCIL AGENDA STATEMENT
ITEM TITLE:
Item 20
Meeting Date 7/19/88
ORDINANCE))..) tj Approving the Second Amendment
to the Town Centre No. II Redevelopment Plan-
Second Reading and Adoption ~
Community Development Director ~j
city Manager~ (4j5ths Vote: YES___NO~)
SUBMITTED BY:
REVIEWED BY:
At the July 12, 1988 j oint meeting of the Council and
Redevelopment Agency, the Ordinance approving the
Redevelopment Plan Amendment for Town Centre II was
approved. A second reading for adoption of the Ordinance is
required at this time in order for the Amendment to become
effective.
RECOMMENDATION: That Council conduct a second reading and
adopt the Ordinance approving the Second Amendment to the
Town Centre No. II Redevelopment Plan.
BOARDS/COMMISSIONS RECOMMENDATION: The Planning Commission
recommended adoption of the Town Centre No. II Redevelopment
Plan Amendment.
The Montgomery Planning Committee has expressed concern that
one of the sites proposed to be added to the Redevelopment
proj ect Area is in Montgomery. The Montgomery Annexation
position Paper stated that no redevelopment would occur in
Montgomery for four years following the annexation; only two
years have passed. The Town Centre Project Area Committee
recommended the deletion of the publicly owned sites from
the Project Area. '
DISCUSSION:
Following the second reading of the Ordinance, an affidavit
certifying adoption of the Ordinance will be filed with the
County Recorder. If no protests to the Plan Amendment are
filed within the 30-day protest period, the Plan Amendment
will become effective on August 18, 1988.
FISCAL IMPACT: section C of the Agency Report to Council on
the Plan Amendment outlines the potential fiscal impacts of
the Plan Amendment. It is anticipated that the Agency would
generate approximately $23.4 million in tax increment
revenue from those properties proposed to be added by the
Redevelopment Plan Amendment over a 40-year period. These
proj ections do not account for the impact of the fiscal
agreements with the County of San Diego and the Sweetwater
Page 2, Item 20
Meeting Date 7/19/88
Union High School District. Fiscal agreements with both of
these agencies are still being negotiated.
by the City C::! !:le' of
Chula Vista, C;:i;fornia
by th~ City (i"LI'"" of
Chula Vista, C:. ;;lOrnia
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