HomeMy WebLinkAbout2007 CC RESO 2007-123 CDCRESOLUTION NO. 2007 — 123
RESOLUTION OF THE COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF NATIONAL CITY
AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE
THE FIRST AMENDMENT TO THE EXCLUSIVE NEGOTIATING AGREEMENT
BETWEEN THE COMMUNITY DEVELOPMENT COMMISSION,
HOME DEPOT U.S.A. INC. AND PACIFIC STEEL, INC.
WHEREAS, the Community Development Commission of the City of National
City (CDC) is implementing the National City Redevelopment Plan; and
WHEREAS, on November 21, 2006, the CDC entered into an Exclusive
Negotiating Agreement with the Home Depot USA, Inc. and Pacific Steel, Inc. to consider the
feasibility of a redevelopment project on the western side of Cleveland Avenue between Civic
Center Drive and 18th Street; and
WHEREAS, due diligence activities relating to the proposed project have taken
longer than the 180 days originally provided by the Exclusive Negotiating Agreement; and
WHEREAS, the proposed project is important to the continued fiscal
sustainability of the City of National City.
NOW, THEREFORE, BE IT RESOLVED, that the Community Development
Commission of the City of National City hereby authorizes the Executive Director to execute the
First Amendment to the Exclusive Negotiating Agreement between the Community
Development Commission of the City of National City, Home Depot USA, Inc. and Pacific Steel,
Inc. Said Agreement is on file in the office of the City Clerk.
PASSED and ADOPTED this 5th day of June, 200
Ron Morrison, Chairman
APPROVED AS TO FORM:
George H. Eiser, III
Legal Counsel
Passed and adopted by the Community Development Commission of the City of
National City, California, 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, ty Development Commission
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2007-123 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