HomeMy WebLinkAboutCC RESO 95-105RESOLUTION NO. 95-105
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF NATIONAL CITY
AUTHORIZING THE MAYOR TO EXECUTE A
MEMORANDUM OF UNDERSTANDING BETWEEN THE
SAN DIEGO UNIFIED PORT DISTRICT AND THE
CITY OF NATIONAL CITY
WHEREAS, the San Diego Unified Port District (Port District) and the City
of San Diego entered into a Memorandum of Understanding concerning the expansion of
the San Diego Convention Center, wherein the Port District has agreed to contribute on
an annual basis 4.5 Million Dollars for a period of Twenty (20) Years or for the life of
the debt obligations created to finance that expansion, whichever is the shorter period;
and
WHEREAS, the Port District has also agreed to reimburse the City of San
Diego for certain consultant and associated planning and design contract costs associated
with the expansion at a rate not to exceed 4.5 Million Dollars per year, provided that the
Port District will be reimbursed for those costs either out of proceeds of the proposed sale
of bonds or will deduct those costs from the amount the Port District is to contribute to
expansion costs; and
WHEREAS, at the time the decision was made to contribute 4.5 Million
Dollars in annual payments, the Board of Port Commissioners (Board) recognized and
committed to the expenditure of approximately 63 Million Dollars for tidelands capital
improvement program projects scheduled to be completed over the next Seven (7) Years
(9 Million Dollars per year) and located within the City limits of the Port District
member Cities of National City, Chula Vista, Imperial Beach and Coronado; and
WHEREAS, the Capital Improvement Program Ad Hoc Committee of the
Board reported to the Board and recommended adoption of a Tidelands Capital
Improvement Program, including setting aside 9 Million Dollars annually for the projects
located within the City limits of National City, Chula Vista, Imperial Beach and
Coronado, and an annual contribution for expansion of the San Diego Convention Center
which under no circumstances shall exceed 4.5 Million Dollars annually; and
WHEREAS, a Memorandum of Understanding has been prepared in
furtherance of that commitment to encumber annually 9 Million Dollars for Seven (7)
consecutive fiscal year periods for construction of said projects as shown in the San Diego
Unified Port District Tidelands Capital Improvement Program adopted by the Board of
April 26, 1994.
Continued on Page Two
Resolution No. 95-105
Page 2
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of National City that the Mayor is hereby authorized to execute a Memorandum of
Understanding between the City and the San Diego Unified Port District, requiring the
Port District to annually set aside as restrictive reserves 9 Million Dollars for a period
of seven consecutive fiscal years beginning July 1, 1994, to be expended for Port District
projects to be completed within the City limits of National City, Chula Vista, Imperial
Beach and Coronado. Said Memorandum of Understanding is on file in the Office of the
City Clerk.
PASSED and ADOPTED this 18th day of July, 1995.
ATTEST:
(XIAA-A--
Lo Anne Peoples, Cit
Clerk
APPROVED AS TO FORM:
/fi r °*a.
George H Eiser, III
City Attorney
ar
George H. Waters, Mayor