Loading...
HomeMy WebLinkAboutAgenda Statement 1988/03/01 Item 7• COUNCIL AGENDA STATEMENT Item 7 Meeting Date 3/1/88 ITEM TITLE Resolution /~~~~ Approving a License Agreement between San Diego Gas & Electric Company and the City of Chula Vista for use of land for park pur oses SUBMITTED BY Assistant City Manager REVIEWED BY City Manager5C1 4/5ths Vote: Yes No X The contractor engaged by the City sometime ago is rapidly approaching completion of the easterly extension of Marina View Park, located at the southeasterly corner of West J Street and Bay Boulevard. The park is being constructed on property owned by San Diego Gas and Electric (SDGE). After considerable negotiations, a license agreement for use of the property for park purposes has been worked out betty een the City and SDGE. RECOMMENDATION: Adopt resolution approving license agreement and authorizing the Mayor to execute same on behalf of the City. •CUSSION The subject license is for a term of five years with an option to extend for an additional five years. The property can only be used for park purposes and the license cannot be assigned. Cost to the City, in addition to the annual maintenance, is approximately $760. The annual rent is made up by a $10 per year base rent, plus the annual Board of Equalization levy against the property. We are not responsible for taxes levied against improvements and personal property placed or constructed on the licensed premises by SDGE. FISCAL IMPACT: Annual cost to the City, in addition to normal maintenance, would be approximately $760 per year initially, with any increases/decreases that may occur in the future. ERA:mab license ~ t l ~ ... . ,, ~~~ ~ -~i of C(li;i~ 'Viii. „~ ,,f:;, (lia Dated