HomeMy WebLinkAbout2007 CC RESO 2007-121 CDCRESOLUTION NO. 2007 — 121
RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF NATIONAL CITY AUTHORIZING THE CHAIRMAN
TO EXECUTE A LEASE AGREEMENT BETWEEN FRANK MOTORS, INC.
AND THE COMMUNITY DEVELOPMENT COMMISSION FOR VEHICLE STORAGE
PURPOSES ON AN APPROXIMATELY 1.34-ACRE PARCEL (APN# 562-321-08)
KNOWN AS THE FORMER "RCP SITE" LOCATED JUST SOUTH OF
THE KEYSTONE TRAILER PARK ON NATIONAL CITY BOULEVARD
WHEREAS, Frank Motors and the Community Development Commission of the
City of National City (CDC) desire to enter into a Lease Agreement ("Agreement") for an
approximately 1.34-acre parcel (APN# 562-321-08) known as the former RCP Site (APN# 562-
321-08) located just south of the Keystone Trailer Park on National City Boulevard for vehicle
storage purposes along the Mile of Cars in National City; and
WHEREAS, the Lease Agreement will accommodate a larger inventory of
vehicles for Frank Motors, which may result in increased sales volume and sales tax revenues
to the City; and
WHEREAS, the term of the Lease Agreement shall be month to month beginning
on the executed date of said Agreement; and
WHEREAS, Frank Motors shall pay the CDC fair market rent (FMR), which was
established by an independent appraisal, in the amount of $6,334 per month for the
approximately 1.34-acre parcel.
NOW, THEREFORE, BE IT RESOLVED, that the Community Development
Commission of the City of National City hereby authorizes the Chairman to execute a Lease
Agreement with Frank Motors, Incorporated for an approximately 1.34-acre parcel (APN# 562-
321-08) known as the former RCP Site (APN# 562-321-08) located just south of the Keystone
Trailer Park on National City Boulevard for vehicle storage purposes along the Mile of Cars in
National City. Said Lease Agreement is on file in the office of the City Clerk.
PASSED and ADOPTED this 5th day of June, 200
on Morrison, Chairman
ATTEST:
Bra r>� Secretary
APPROVED AS TO FORM:
George H."Eiser, III
Legal Counsel
Passed and adopted by the Community Development Commission of the City of
National City, Califomia, on June 5, 2007, by the following vote, to -wit:
Ayes: Commissioners Natividad, Parra, Ungab, Zarate.
Nays: None.
Absent: Commissioner Morrison.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Chairman, Community Development Commission
Secretary, evelopment Commission
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2007-121 of the Community Development Commission of the City
of National City, Califomia, passed and adopted on June 5, 2007.
Secretary, Community Development Commission
By:
Deputy