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HomeMy WebLinkAboutCVRC Reso 2010-018CVRC RESOLUTION NO. 2010-018 RESOLUTION OF THE CHULA VISTA REDEVELOPMENT CORPORATION RECOMMENDING THAT THE CITY COUNCIL OF THE CITY OF CHULA VISTA DISCONTINUE COLLECTING DEVELOPMENT IMPACT FEES (WTDIF, PFDIF, PAD) IN THE REDEVELOPMENT PROJECT AREAS, EXCLUDING THE BAYFRONT PROJECT AREA, FOR A PERIOD OF FIVE (5) YEARS AND USE TAX INCREMENT TO FINANCE CAPITAL IMPROVEMENT PROJECTS IDENTIFIED IN THE DEVELOPMENT IMPACT FEE PROGRAM (S) WHEREAS, in August 2009, at a Joint Meeting of the Chula Vista Redevelopment Corporation ("CVRC") and the Chula Vista Redevelopment Agency ("Agency"), the CVRC was directed to explore creative options for incentivizing redevelopment; and WHEREAS, in December 2009, the City hired Economic and Planning Systems, Inc. ("EPS") to review the feasibility of infill development in western Chula Vista; and WHEREAS, in Mazch 2010, the Memorandum entitled, "City of Chula Vista Westside Infill Mazket Review and Feasibility Analysis," was completed, describing current market conditions in western Chula Vista, analyzing the feasibility of several common development types, and revealing that none of the development types would be feasible under current market and economic conditions; and WHEREAS, in August 2010, EPS presented the results of their report at a CVRC Workshop, noting that Chula Vista's relatively high residential development impact fees could be a deterrent to new development and could delay economic recovery; and WHEREAS, at the August Workshop, the CVRC directed staff to come back with a proposal for addressing some of the findings in the Memorandum; and WHEREAS, staff has prepazed a proposal to suspend collection of certain development impact fees in the City's redevelopment project azeas for five yeazs, in order to catalyze. economic development activity in the City's commercial corridors; and WHEREAS, the Bayfront Project Area shall be excluded from this proposal due to existing and proposed development plans and agreements, which are structured on and rely upon funding from future development impact fees; and WHEREAS, the Redevelopment Agency will use its revenues to purchase or construct public improvements that support the redevelopment of western Chula Vista; and WHEREAS, the Redevelopment Agency will ensure the development impact fee accounts are made whole by either building the facilities identified with the development impact fees or contributing the dollaz amounts to the various funds: and CVRC Resolution 20 ] 0-018 Page 2 WHEREAS, there will be no negative financial impact to the City of Chula Vista or the development impact funds as a result of not collecting development fees in the Redevelopment Project Areas; and WHEREAS, the Environmental Review Coordinator has reviewed the proposed activity for compliance with the California Environmental Quality Act (CEQA) and has determined that the activity is not a "Project" as defined under Section 15378 of the State CEQA Guidelines because it involves administrative activities that will not result in direct or indirect physical changes to the environment. Therefore, pursuant to Section 15060(c)(3) of the State CEQA Guidelines the activity is not subject to CEQA. Thus, no environmental review is necessary; and WHEREAS, staff has reviewed the decision contemplated by this action and has determined that it is not site specific and consequently the 500 foot rule found in California Code of Regulations section 18704.2(a)(1) is not applicable to this decision. NOW THEREFORE BE IT RESOLVED, that the Chula Vista Redevelopment Corporation recommends that the City Council of the City of Chula Vista discontinue collecting development impact fees (Western Transportation Impact Fee ("WTDIF"), Public Facilities Financing Development Impact Fee ("PFFDIF"), and Park Acquisition and Development Fee ("PAD")) in the redevelopment project areas, excluding the Bayfront Project Area, for a period of five years and use tax increment to finance capital improvement projects identified in the development impact fee program (s). Presented Appro~ 1 C~Sry`Iflalbeft, fYI'CP, PE " Assistant rty Manager/Director of Development Services r CVRC Resolution 2010-018 Page 3 PASSED, APPROVED, and ADOPTED by the Chula Vista Redevelopment Corporation of the City of Chula Vista, this 14th day of October 2010, by the following vote: AYES: Directors: Desrochers, Flores, Munoz, Reyes, Chair Lewis NAYS: Directors: ABSENT: Directors: Paul, Salas ABSTAIN ATTEST: Directors: ~~J~~ Eric C. Crockett, Secretary STATE OF CALIFORNIA COUNTY OF SAN DIEGO CITY OF CHULA VISTA ~~t_a v,~ G rj°°°°oaQE * ~ CVRC tmo 06/15/2005 `(~ ~aOp~p4o~ ~ ~~'~FNT C~~ T9 I, Eric C. Crockett, Secretary of the Chula Vista Redevelopmen ration of the City of Chula Vista, California, do hereby certify that the foregoing CVRC Resolution No. 2010-018 was duly passed, approved, and adopted by the Chula Vista Redevelopment Corporation at a regular meeting of the Chula Vista Redevelopment Corporation held on the 14th day of October, 2010. Executed this 14th day of October 2010. !- / l~ Eric C. Crockett, Secretary