HomeMy WebLinkAboutReso 2010-218RESOLUTION NO.2010-218
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AUTHORIZING THE MAYOR TO ENTER
INTO A LAND OFFER AGREEMENT BETWEEN THE
CITY OF CHULA VISTA AND OV THREE TWO, LLC AND
JJJ & K INVESTMENTS TWO, LLC; FOR CONVEYANCE OF
160 ACRES TO THE CITY FOR UNIVERSITY/REGIONAL
TECHNOLOGY PARK DEVELOPMENT
WHEREAS, in adopting the Otay Ranch General Development Plan in 1993 the City of
Chula Vista formally declazed its intent to plan for and pursue an institution(s) of higher learning
within it's municipal boundaries; and
WHEREAS, the updated City of Chula Vista General Plan in December 2005 recognized
the many benefits of a Regional Technology Park, which would be associated with the
University(ies); and
WHEREAS, JJJ & K Investments Two, LLC; OV Three Two, LLC; and RR Quarry,
LLC, all Delaware limited liability companies and the City, entered into a Land Offer
Agreement, dated May 20, 2008 that was recorded against real property commonly referred to as
Villages 3, 4, 8, 9 and 10 of the Otay Ranch Project (First Land Offer Agreement); and
WHEREAS, pursuant to the terms of First Land Offer Agreement, the City may accept
Irrevocable Offers of Dedication for 160 acres to be utilized as a University/Regional
Technology Park and other uses set forth in said instrument (University Property); and
WHEREAS, the above described entities no longer own all of the properties described in
the First Land Offer Agreement; and
WHEREAS, JJJ & K Investments Two, LLC and OV Three Two, LLC as the current
owners of the University Property, would like to proceed with the entitlement process for
Villages 3, 8, 9 and 10 of the Otay Ranch Project; and
WHEREAS, JJJ & K Investments Two, LLC, and OV Three Two, LLC (collectively
"Owner") agree to convey the University Property pursuant to the terms of the new proposed
Land Offer Agreement for Villages 3, 8, 9, and 10 of the Otay Ranch Project.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista does hereby approve the Land Offer Agreement between the City of Chula Vista and Owner
for conveyance of 160 acres to the City for University/Regional Technology Pazk and other
associated purposes, a copy of which shall be kept on file in the office of the City Clerk.
BE IT FURTHER RESOLVED that the Mayor of the City of Chula Vista is hereby
authorized and directed to execute said Agreement on behalf of the City.
Resolution No. 2010-218
Page 2
Presented by
Gary'Halb rt, P.E., AICP
Assistant ity Manager /
Development Services Director
Approved as to form by
Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 17th day of August 2010 by the following vote:
AYES: Councilmembers: Bensoussan, Castaneda, McCann, Ramirez and Cox
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
Cheryl Cox, i ay r
ATTEST:
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Donna R. Norris, CMC, City Clerk
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
I, Donna R. Norris, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2010-218 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 17th day of August 2010.
Executed this 17th day of August 2010.
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Donna R. Norris, CMC, City Clerk