HomeMy WebLinkAboutAgenda Statement 1982/02/09 Item 14COUNCIL AGENDA STATEMENT
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ITEM TI LE: Ordinance ~~?~ - financing of industrial and commercial development bonds for
the proposed Hyspan manufacturing plant in Chula Vista -
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SUBMITT D BY: City Attorney (4/5ths Vote: Yes No )
At t e City Council meeting of January 26, 1982, a written communication was
rece ved from Hyspan Precision Products, Inc. requesting that the City of Chula
Vist sponsor the issuance of industrial development bonds to provide financing
for he Hyspan manufacturing plant which is planned for construction in Chula
Vist An ordinance of the city is required to establish an industrial
deve opment authority to issue such revenue bonds.
TION: That the City Council adopt the ordinance relating to the
financing of industrial and commercial development bonds
in the interests of the public health, safety and welfare
/COMMISSION RECOMMENDATION: N/A
DISCiUSSION:
~t t e time last fall when the City was considering the use of industrial develop-
ent bonds to assist the San Diego Gas & Electric Company, the firm of Orrick,
Herr ngton & Sutcliffe of San Francisco, advising the Gas & Electric Company,
dete mined that the Charter of the City of Chula Vista requiring a vote of the'
peop e for the issuance of revenue bonds, was also applicable to the form of
reve ue bonds known as industrial development bonds and, therefore, the program
was bandoned.
Howe er, the firm of Jones Hall Hill & White feels that that was a very conser-
vati e viewpoint and in the present case of the Hyspan project, that the City
clea ly has the authority to issue such revenue bonds. The firm had in November
prep red the necessary ordinance for the establishment of the industrial develop-
ment authority and said ordinance may now be used for that purpose so that we
migh proceed with the issuance of such bonds for the Hyspan project.
FISCAL, IMPACT: N/A
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Form A-1 3 (Rev. 11/79) ~Z~?
RESOLUTION N0. PCZ-84-B
RESOLUTION OF THE CITY OF CHULA VISTA PLANNING
• COMMISSION RECOMMENDING THAT CITY COUNCIL REZONE
0.62 ACRES LOCATED BETWEEN "C" STREET AND SEA
VALE STREET FROM R-1 TO R-3-G
WHEREAS, a duly verified application for a rezoning was filed with
the Planning Department of the City of Chula Vista on October 14, 1983, by
Gre nwich Development Company, and
WHEREAS, said application ~ requested that two vacant landlocked
par els located between "C" Street and Sea Vale Street, 660 feet east of North
Glo er Avenue and 146 feet south of "C" Street be rezoned from R-1 to R-3, and
WHEREAS, the Planning Commission set the time and place for a hearing
on aid rezoning application and notice of said hearing, together with its
pur ose, was given by its publication in a newspaper of general circulation in
the city and its mailing to property owners within 300 feet of the exterior
bou daries of the property at least ten days prior to the hearing, and
WHEREAS, the hearing was held at the time and place as advertised,
nam ly 7:00 p.m., November 30, 1983, in the Council Chambers, 276 Fourth
Ave ue, before the Planning Commission and said hearing was thereafter closed,
and
WHEREAS, the Commission found that the project would have no
significant environmental impacts and adopted the Negative Declaration issued
• on I -84-5.
NOW, THEREFORE, BE IT RESOLVED THAT from the facts presented to the
Plan ing Commission, the Commission has determined that the rezoning is
consistent with the City of Chula Vista General Plan and that public
nece sity, convenience, general welfare and good zoning practice support the
rezo ing from R-1 to R-3-G
BE IT FURTHER RESOLVED THAT THE PLANNING COMMISSION recommends the
the ity Council adopt an ordinance to rezone the two parcels from R-1 to R-3G
with said rezoning to become effective upon the consolidation of the subject
prop rty with the R-3-G property located ironediately to the west, and that a
copy of this resolution be transmitted to the owners of the property and the
City Council.
PASS~D AND APPROVED BY THE PLANNING COMMISSION OF CHULA VISTA,
this 30th day of November, 1983, by the following vote, to-wit:
AYES
CALIFORNIA,
Commissioners Pressutti, Green, E. Guiles, Shipe, Cannon and O'Neill
NOES None
ABSE T: R. Johnson
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