Loading...
HomeMy WebLinkAboutReso 1988-13781 RESOLUTION NO. 13781 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA AUTHORIZING A DOUBLE ESCROW FOR THE PURCHASE AND RESALE OF THE TERRA NOVA SCHOOL SITE The City Council of the City of Chula Vista does hereby resolve as follows: WHEREAS, in May 1988, the City Council authorized staff to bid for the purchase of a declared surplus school site from the Sweetwater Union High School District located on Hidden Vista Drive at Ridgeback Road, commonly referred to as the Terra Nova School Site, and WHEREAS, on May 12, 1988, the staff submitted an offer to the Sweetwater Union High School District for the purchase of the Terra Nova school site in the amount of ~2,250,000 for the purpose of addressing specific park expansion/enhancement needs for the existing City park located adjacent to the Terra Nova school site subject to the following conditions: 1. That the City be authorized to rebid the entire parcel prior to close of escrow, requesting bidders to address in their proposals park expansion/enhancement and site development issues, and purchase price; 2. That the District Board approve the use of a double escrow to accomplish the proposed transaction, with proceeds from the second escrow (between the City and the successful bidder) to be used to pay the proposed purchase price, escrow fees and any processing costs for the Terra Nova parcel; 3. That proceeds exceeding the original $2.25 million purchase price would be transferred to the District, less processing/administrative costs, plus other costs for minor park improvements not covered in the park expansion agreement, which latter are not to exceed ~30,000; and 4. That it was the City's intent that this transfer will facilitate the construction of the new District administrative offices and/or the proposed joint City/District corporation yard. WHEREAS, on June 9, 1988, the Sweetwater Union High School District Board approved the City's proposal, and -1- WHEREAS, pursuant to the conditions of the City's proposal, on June 14, 1988, the City issued a Request for Proposals for the resale of the Tetra Nova school site, and WHEREAS, fourteen proposals were received from eight proposers prior to the close of the proposal process on July 15, 1988, and WHEREAS, a staff selection committee comprised of the Directors of Parks and Recreation, Planning and Public Works, Deputy City Manager Morris and Mr. Andrew Campbell, Administrator of Planning for the Sweetwater Union High School District, has reviewed and prioritized the responses to the Request for Proposals, and WHEREAS, the City's Request for Proposals specified that it did not constitute a waiver of any fees or permits normally required as part of the development process and reserved the right to require a development agreement for the property and therefore does not constitute any kind of precommitment by the City to the precise proposal set forth in the response of any particular developer, and WHEREAS, that portion of the property not utilized for enhancement of the Terra Nova Park will have no present or future use for public purposes and constitutes surplus real property. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista does find, declare and resolve as follows: 1. That the City Manager is authorized to enter into a double escrow for the purchase and subsequent resale of the declared surplus school site owned by the Sweetwater Union High School District (Terra Nova school site), which escrow shall provide for a purchase price of $2.25 million; 2. That the proposal to resell to "Woodcrest Development" for $5,907.000 plus specified park improvements is hereby approved; and 3. That all monies received by the City in excess of the original purchase price less stipulated processing and staff costs and $30,000 for additional park improvements be conveyed to the Sweetwater Union High School District. 4. That the escrow instructions shall specify that those funds conveyed to the District in excess of the ~2.5 million purchase price will be used for the administrative center/joint use corporation yard. -2- 5. That the escrow instructions shall specify that Woodcrest implement a grading/construction plan which provides access to a majority of the upper ballfield and facilities during construction as a condition of the final map. 6. That the balance of the site not utilized for addition to the park under the Woodcrest proposal has no present or future use for public purposes and is surplus City property. Presented by Approved aS to form by ~ia W. Morr~, Deputy City IT~mas ~J:. }{ City Attorney Manager 4556a i_ / -3- ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF CHULA VISTA, CALIFORNIA, this 13th d~y of,,, September 19 88 , by the following vote, to--wit: AYES: Councilmembers Cox, Moore, McCandliss, Nader, Malcolm NAYES: Counci ] members None ABSTAI N: Counci ] members None ABSENT: Counc i ] members None f the City of Chulo Vista STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) ss. CITY OF CHULA VISTA ) I, JENNIE M. FULASZ, CMC, CITY CLERK of the City of Chulo Vista, California, DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of RESOLUTION NO, 13781 ,and that the same has not been amended or repealed. DATE D i~ City Clerk \ CC-660