HomeMy WebLinkAboutAgenda Statement 1976/04/13 Item 03CITY OF CHULA VISTA
. COUNCIL AGENDA STATEMENT
ITEM NO
3
1`OR MEETING OF: 4/13/76
ITEM TITLE: Resol uti on'~~~~/~ Determining that the South County Regional Center
will Benefit the Bayfront Redevelopment Project
SUBMITTED BY~ Director of Community Development
ITEM EXPLANATION
The complex procedure that sets-up the financing mechanism for the City's
share of the South County Complex requires certain procedures to be followed.
The subject resolution will complete the formal resolutions and finalize the
process. A similar resolution was passed by the Redevelopment Agency on
April 1, 1976. In effect, the resolution states that the Council agrees
with the Agency action that the temporary use of Bayfront Bond funds for
the Regional Center will have a positive effect upon, not only the City, but
the Bayfront Project as well. Furthermore, that the proposed joint powers
authority or tax increments from the Town Centre (Third Avenue) Project will
reimburse the Bayfront Project.
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Agreement Resolution X Ordinance Plat Other
Environmental Document: Attached Submitted on
STAFF RECOMMENDATION:
Approval
BOARD/ COMMISSION RECOMMENDATION
N.A.
COUNCIL ACTION
APPROVE D
by the
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Chula Visiw, California
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