HomeMy WebLinkAbout2007 CC RESO 2007-234 CDCRESOLUTION NO. 2007 — 234
RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF NATIONAL CITY AUTHORIZING THE CHAIRMAN
TO EXECUTE THE SECOND AMENDMENT
TO THE EXCLUSIVE NEGOTIATING AGREEMENT
BETWEEN THE COMMUNITY DEVELOPMENT COMMISSION OF
THE CITY OF NATIONAL CITY, 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 included an
Owner Participation process for APN 559-076-11; and
WHEREAS, the proposed project is important to the continued fiscal
sustainability of the City of National City; and
WHEREAS, the Home Depot USA, Inc. and Pacific Steel, Inc. have agreed to
delete APN 559-076-11 from the Exclusive Negotiation Agreement;
NOW, THEREFORE, BE IT RESOLVED, that the Community Development
Commission of the City of National City hereby authorizes the Chairman to execute the Second
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. to delete
APN 559-076-11 from the Agreement. Said Agreement is on file in the office of the City Clerk.
PASSED and ADOPTED this 2nd day of Oct..er, 107
Ron Morrison, Chairman
APPROVED AS TO FORM:
Y/ I
George H. Liser, III
Legal Counsel
Passed and adopted by the Community Development Commission of the City of National
City, Califomia, on October 2, 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
Secr
nity Development Commission
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2007-234 of the Community Development Commission of the City of
National City, Califomia, passed and adopted on October 2, 2007.
Secretary, Community Development Commission
By:
Deputy