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HomeMy WebLinkAboutAgenda Statement 1988/06/14 Item 8• COUNCIL AGENDA STATEMENT Item 8 Meeting Date 6/14/88 ITEM TITLE: Resolution,~j7~ © ~ Approving agreement with Bonita Point Plaza Partnership for PM-87-10, Bonita Point Plaza Shopping Center, and authorizing the Mayor to execute said agreement SUBMITTED BY: Director of Public Works %~/ REVIEWED BY: City Manage (4/5ths Vote: Yes No X ) v On November 4, 1987, the Public Works and Planning Departments conditionally approved Tentative Parcel Map 87-10, Said Parcel Map involves the division of one lot located at the northwest corner of Otay Lakes Road and East "H" Street into 11 parcels zoned for commercial development. Conditions placed upon the Tentative Parcel Map required the developer (Bonita Point Plaza Partnership) to enter into an agreement with the City wherein developer agrees to the following: 1. Developer shall be responsible for extending the median in the main driveway off Otay Lakes Road in the event traffic circulation problems • arise. 2. Developer agrees to not protest the formation of Assessment District 87-1 (East "H" Street Assessment District) and also to not protest the formation of an assessment district for the purpose of undergrounding overhead electrical facilities along Otay Lakes Road. 3. The Developer will be reimbursed for one-half of the cost of the traffic signals which the Developer will be required to construct pursuant to the Tentative Parcel Map conditions from accumulated City traffic signal participation fees as such funds are or become available. RECOMMENDATION: That Council adopt the resolution as stated in the item title of this report. BOARDS/COMMISSIONS RECOMMENDATION: Not applicable. DISCUSSION: The subject agreement has been properly executed and notarized and is submitted herewith for approval by the City Council. A plat is available for Council viewing. FISCAL IMPACT: None. ~PC 3786E SMN:nr/EP-079 Chula Vista, California Dated ~~ ~..~G:'c:' ~'`