HomeMy WebLinkAboutAgenda Statement 1982/06/01 Item 5,, t
CITY COUNCIL AGENDA STATEMENT
Item 5
Meeting Date 6/1/82
' I EM TITLE: Resolution~Dd~~onveyance of City Parking Lot
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S EMITTED BY: Community Development Director ( 5ths Vote: Yes No x )
T e Redevelopment Agency, at the May 6, 1982 meeting, voted to request that
t e City of Chula Yista convey 24,000 square feet of property located within
t e Town Centre Focus Area (known as public parking lot number 1) to the
R development Agency for the purpose of subdivision and partial resale. The
s bject parking lot was purchased by the City of Chula Vista in 1951 and
` d veloped within the downtown parking district. The existing 64 spaces will
b replaced by those developed within the new public parking structure, which
w 11 be owned by the City upon completion. Therefore, it is my
R COMMENDATION: That the City Council adopt the attached resolution
a thorizing the conveyance of the said parking lot number 1 to the
R development Agency.
B ARD/COMMISSION RECOMMENDATION: None.
DISCUSSION:
A you know, the Town Centre Focus Area is currently being subdivided into
e ght separate pa rcels. Of these parcels, the land area involved in lots 1,
2 4, 6 and 7 a re owned by the Redevelopment Agency (see attached map).
L t 7, where the parking structure is to be built, will remain in public
o nership. Lots 1, 2, 4 and 6 will be sold for private development.
C rrently, Marie Callender owns lot 3, United Artists owns lot 5, and lot 8
i owned by SWI.
T e parking lot that the City of Chula Vista owns is located almost entirely
w thin the proposed parcel 7. The northeast corner of that parking lot
e tends into the proposed parcel 4 however. Prior to the subdivision and
s le of parcels to be developed by private enterprise (particularly
p reel 4), the ownership of all property must be clarified.
F NANCIAL IMPACT: The parking structure will yield a minimum annual
r venue of $95,000; in year seven a percent of rent overages and/or sales
w 11 provide additional income to the City.
W C 0168N
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