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HomeMy WebLinkAboutCC RESO 2006-25RESOLUTION NO. 2006 — 25 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY AUTHORIZING THE MAYOR TO EXECUTE A GRANT OF EASEMENT AGREEMENT AND A LEASE AGREEMENT WITH BALDOCK HOLDINGS, INC. FOR AN UNDERGROUND PARKING GARAGE UNDERLYING A CITY OWNED ALLEY FOR A RESIDENTIAL CONDOMINIUM PROJECT ON HIGHLAND AVENUE BETWEEN 21 ST AND 22ND STREETS WHEREAS, Baldock Holdings, Inc. is the developer of a residential condominium project on the west side of Highland Avenue between 21st and 22nd Streets. In order to meet the City's parking requirements for the project, the developer proposes to build an underground parking garage, part of which will be located under a 16 foot wide City -owned alley located to the west of the developer's property; and WHEREAS, to accomplish construction of the underground parking garage, two documents are necessary: 1) a Grant of Easement Agreement, which would grant the developer a permanent easement underlying 11 feet of the City's alley, and 2) a Lease Agreement, wherein the developer would lease the remaining 5 feet of the alley to permit construction of the parking garage for a period of 9 months; and WHEREAS, the developer will pay the City $77,692 for the Grant of Easement, and $4,770 for the 9 month lease of a portion of the alley. NOW, THEREFORE, BE IT RESOLVED that the Mayor is hereby authorized to execute a Grant of Easement Agreement and a Lease Agreement with Baldock Holdings, Inc. to allow construction of an underground parking garage underlying to City owned alley located west of Highland Avenue between 21st and 22nd Streets. Said Agreements are on file in the office of the City Clerk. PASSED and ADOPTED this 7th day of February, 2006. ATTEST: Mic ael R. D all City Clerk APPROVED AS TO FORM: George H. Eiser, III City Attorney Passed and adopted by the Council of the City of National City, California, on February 7, 2006, by the following vote, to -wit: Ayes: Councilmembers Inzunza, Morrison, Natividad, Parra, Zarate. Nays: None. Absent: None. Abstain: None. AUTHENTICATED BY: NICK INZUNZA Mayor of the City of National City, California City erk of the City National City, California By: Deputy I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of RESOLUTION NO. 2006-25 of the City of National City, California, passed and adopted by the Council of said City on February 7, 2006. City Clerk of the City of National City, California By: Deputy