HomeMy WebLinkAboutAgenda Statement 1979/08/21 Item 07CITY OF CHULA VISTA
COUNC I L AGENDA STATEMENT Item No. ~
For meeting of 8/21/79
ITEM TITLE Resolution 3%`J/- Approving Agreement Providing for Security for
Payment of Park and Development Fees by Palo del Amo, a limited
partnership
SUBMITTED BY City Attorney
ITEM EXPLANATION
(4/5TH'S VOTE REQUIRED YES NO X )
The owner of certain property designated as Palo del Amo on Kingswood
Drive in the City of Chula Vista has now presented a final map which
would authorize the conversion of said units for condominium sales.
Prior to the approval of said map, it is necessary to enter into an
agreement securing the payment of required park land and development
fees in the amount of $8,000. In accordance with the ordinance, resi-
dential construction taxes in the amount of $9,000 must be paid prior
to the issuance of certificates of occupancy. Park land fees would
normally be paid prior to the issuance of building permits or in the
case of condominiums, at the time of approval of the map.
The security agreement being executed by the developer provides that
the fees must be paid prior to the close of the first escrow in the
sale of any of the units. The appropriate agreement has been prepared
and executed by the developer's partnership.
The developer has requested credit be given for 2,126 square feet of
property to be dedicated to the City which would provide access from
Tobias Drive to the city park being developed on the San Diego Gas &
Electric easement (see attached exhibit). This request has been
reviewed by the Director of Parks and Recreation, who has recommended
that credit be allowed in the amount of $0.50 per square foot or a
total of $1,063 for said access. It should be noted that said access
was previously scheduled to be granted to the city as an easement
rather than dedicated in fee ownership.
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Continued....
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Agreement X Resolution x Ordinance Plat Notification List
Other ENVIRONMENTAL DOCUMENT: Attached Submitted on
FINANCIAL IMPACT N/A
STAFF RECOMMENDATION Approval of Resolution
BOARD/COMMISSION RECOMMENDATION
COUNCIL ACTION
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Agenda. Item No . 7
August 21, 1979
Page two
In addition, the developer installed three ornamental vapor lamps on
the adjacent park property to serve his adjacent condominium project
as well as the city park. He is requested that he be given credit
in the amount of $500 each or a total of $1,500 for the three lamps.
The total amount of credit being requested equals $2,563 which the
applicant is requested be deducted from his balance of park and
residential construction tax fees of $17,000. The Parks and Recreation
Director has recommended that said credit be given to the developer,
which would result in a total balance of moned owed to the city of
$14,437.
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