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HomeMy WebLinkAbout2007 CC RESO 2007-224 CDCRESOLUTION NO. 2007 — 224 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF NATIONAL CITY ("CDC") AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE A SETTLEMENT AND RELEASE OF CLAIMS AGREEMENT WITH AARB LLC, BEAUCHAMP FAMILY TRUST, THE HENSCHEL TRUST, THE ESTATE OF ARTHUR 0 HENSCHEL JR., JAMES L HENSCHEL, ARTHUR 0 HENSCHEL III, AND CHARLENE BENNETT RELATED TO ENVIRONMENTAL COSTS, EMINENT DOMAIN ACTION BY THE CDC, AND CLAIMS FOR ENVIRONMENTAL COSTS UNDER THE POLANCO REDEVELOPMENT ACT FOR THE PARK VILLAGE PROJECT WHEREAS, on February 22, 2005, the Community Development Commission of the City of National City ("CDC") entered into an Owner Participation Agreement ("OPA") with the Beauchamp Family Trust for a project called Park Village ("Project"), located within the block bounded by National City Boulevard, Plaza Boulevard, Roosevelt Avenue, and 11`" Street; and WHEREAS, the Henschel Trust owns property within the Project which has been impacted by hazardous substances from historical land uses including a dry cleaning plant; and WHEREAS, on December 13, 2005, the CDC adopted Resolution No. 2005-113 authorizing the transfer of the OPA to AARB, LLC; and WHEREAS, on February 3, 2006, the CDC filed Case No. GIC 860857 in the Superior Court of San Diego County being an action in eminent domain to take the Property and making claims under the Polanco Redevelopment Act for Environmental Costs at the Property; and WHEREAS, CDC consultants estimated the value of the Environmental Costs at more than $2 million; and WHEREAS, the Parties now desire to settle all claims and matters between them including Past Environmental Costs, Future Environmental Costs, the Eminent Domain Action, and the Polanco Act Redevelopment Claims. NOW, THEREFORE, BE IT RESOLVED that the Community Development Commission of the City of National City authorizes the Executive Director to execute a Settlement Agreement and Mutual Release of Claims with AARB, LLC., the Beauchamp Family Trust; the Henschel Trust; the estate of Arthur O. Henschel, Jr., James L. Henschel, Arthur O. Henschel III, and Charlene Bennett. Said Agreement is on file in the office of the City Clerk. PASSED and ADOPTED this 18th day of ATTES Brad Raulston, etary Apr Ron Morrison, Chairman APPROVED AS TO FORM: at George H. iser, III Legal Counsel Passed and adopted by the Community Development Commission of the City of National City, Califomia, on September 18, 2007, by the following vote, to -wit: Ayes: Commissioners Morrison, Natividad, Parra, Ungab. Nays: None. Absent: Commissioner Zarate. Abstain: None. AUTHENTICATED BY: RON MORRISON Chairman, Community Development Commission Secretary, o munity Development Commission By: Deputy I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of RESOLUTION NO. 2007-224 of the Community Development Commission of the City of National City, Califomia, passed and adopted on September 18, 2007. Secretary, Community Development Commission By: Deputy