HomeMy WebLinkAbout2006 CC RESO 2006-273 CDCNET 4ic17b
RESOLUTION NO. 2006 — 273
RESOLUTION OF THE COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF NATIONAL CITY
AUTHORIZING THE CHAIRMAN TO EXECUTE AN
EXCLUSIVE NEGOTIATING AGREEMENT BETWEEN
THE CDC AND GREEN VILLAGE DEVELOPMENT, LLC
WHEREAS, Green Village Development, LLC, (the "Developer") owns certain
real properties within the Redevelopment Project Area of National City ("Developer Property");
and
WHEREAS, the Developer is continuing efforts to acquire or otherwise gain
control of certain real properties owned by various property owners ("Additional Property"); and
WHEREAS, the Developer has submitted a proposal for the development of a
mixed -use condominium project, known as the "Green Village Project", in an area consisting of
approximately eight (8) acres, generally bounded by Interstate 5 to the west, 8th Street to the
north, Roosevelt Avenue to the east, and Plaza Boulevard to the south ("Site"); and
WHEREAS, the Community Development Commission of the City of National
City ("CDC") initiated an owner -participation process for property owners within the proposed
Site in accordance with the Rules Governing Participation and Preferences by Property Owners
and Business Occupants in the National City Redevelopment Project; and
WHEREAS, as a result of that owner -participation process, only one other
development proposal ("Competing Proposal") was submitted to the CDC; and
WHEREAS, the Competing Proposal was withdrawn, leaving the Project as the
only development proposal for the Site; and
WHEREAS, the CDC and the Developer desire to enter into this Agreement to
initiate exclusive negotiations for up to twenty-four (24) months, with the CDC having discretion
to grant a six-month extension, ("Exclusive Negotiation Period") to allow the Developer to (i)
undertake due diligence activities regarding the Project; (ii) acquire additional properties within
the Site; (iii) establish the responsibilities, schedule, and financial parameters for developing the
Project; (iv) negotiate a Disposition and Development Agreement ("DDA").
NOW, THEREFORE, BE IT RESOLVED, that the Community Development
Commission hereby authorizes the Chairman to execute an Exclusive Negotiation Agreement
between the CDC and Green Village Development, LLC. Said Agreement is on file in the office
of the City Clerk.
PASSED and ADOPTED this 19th day of December, 2006.
Ron Morrison, Chairman
ATTEST: APPROVED AS TO FORM:
Brad Raulston, Secretary George H. Eiser, III, Legal Counsel
NOT ADOPTED
RESOLUTION NO. 2006-273
A "RESOLUTION OF THE COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF NATIONAL CITY
AUTHORIZING THE CHAIRMAN TO EXECUTE AN EXCLUSIVE
NEGOTIATING AGREEMENT BETWEEN THE CDC AND GREEN
VILLAGE DEVELOPMENT, LLC."
This Resolution was not adopted at the
Meeting of December 19, 2006.
DATE: January 4, 2006
Michael R. Dal l6 CMC
Recording Secretary -City
Clerk