HomeMy WebLinkAbout2007 CC RESO 2007-21 CDCRESOLUTION NO. 2007 — 21
RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF NATIONAL CITY AUTHORIZING THE CHAIRMAN
TO EXECUTE A SECOND AMENDMENT TO THE EXCLUSIVE
NEGOTIATION AGREEMENT BETWEEN PALM PLAZA ASSOCIATES, LLC
AND THE COMMUNITY DEVELOPMENT COMMISSION OF NATIONAL CITY
FOR A 1.07-ACRE PARCEL LOCATED AT 1640 EAST PLAZA BOULEVARD
(APN# 557-410-20)
WHEREAS, on January 10, 2006, the Community Development Commission of
the City of National City (CDC) and the Acevedo Group entered into an Exclusive Negotiation
Agreement (ENA) for a 1.07-acre parcel located at 1640 East Plaza Boulevard; and
WHEREAS, since the ENA's approval, the Acevedo Group partnered with a local
developer to prepare plans to develop a residential and commercial mixed use project for the
subject parcel, as well as for a parcel they control just west of the location; and
WHEREAS, on June 20, 2006, the CDC approved an assignment of the
Agreement with the partnership's newly formed Palm Plaza Associates, LLC; and
WHEREAS, on July 12, 2006, the CDC Executive Director, in his sole discretion
extended the Agreement for an additional 180 days to allow Palm Plaza additional time to
undertake due diligence activities and assess project feasibility; and
WHEREAS, Palm Plaza and the CDC desire to amend the Agreement for an
additional 180 days to allow more time to refine the project conceptual design land, and
complete DDA negotiations, land use entitlements and environmental studies for a project on
the site.
NOW, THEREFORE, BE IT RESOLVED, that the Community Development
Commission of the City of National City hereby authorizes the Chairman to execute a Second
Amendment to the ENA with Palm Plaza Associates, LLC for a 1.07-acre parcel located at 1640
East Plaza Boulevard. Said Amendment to Agreement is on file in the office of the City Clerk.
PASSED AND ADOPTED this 6th day of February
ATTEST:
APPROVED AS TO FORM:
George H. Eiser, III
Legal Counsel
Morrison, Chairman
Passed and adopted by the Community Development Commission of the City of
National City, California, on February 6, 2007, by the following vote, to -wit:
Ayes: Commissioners Morrison, Natividad, Parra, Ungab, Zarate.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Chairman, Community Develo. • _ •t Commission
Secrets Development Commission
/• .
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2007-21 of the Community Development Commission of the City of
National City, California, passed and adopted on February 6, 2007.
Secretary, Community Development Commission
By:
Deputy