HomeMy WebLinkAbout2008 CC RESO 2008-241 CDCRESOLUTION NO. 2008 — 241
RESOLUTION OF THE COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF NATIONAL CITY
AUTHORIZING THE CHAIRMAN TO EXECUTE
THE FOURTH AMENDMENT TO EXCLUSIVE NEGOTIATION
AGREEMENT BETWEEN COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF NATIONAL CITY AND
PALM PLAZA ASSOCIATES, LLC
WHEREAS, on January 10, 2006, the Acevedo Group and Community
Development Commission of the City of National City ("CDC") entered into an Exclusive
Negotiation Agreement (the "Agreement") for a 1.07-acre parcel ("Site") located at 1640 East
Plaza Boulevard, National City; and
WHEREAS, during the exclusive negotiation period, the Developer partnered
with the Planet Development Corporation and Desert Wells, LLC to prepare plans to develop a
residential and commercial mixed use project ("Project") for the Site, as well as for two adjacent
parcels owned by the Developer; and
WHEREAS, as a result of their partnership, the Developer requested and the
CDC approved on June 20, 2006, an assignment of the Agreement to their 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 one hundred and eighty (180) days to allow the
developer additional time to undertake due diligence activities, and assess Project feasibility on
the Site; and
WHEREAS, on February 6, 2007, the CDC approved a Second Amendment to
the Agreement for an additional 180 days to refine the project; and
WHEREAS, on May 21, 2007, the CDC approved a concept plan for 76
condominiums, associated common and parking spaces as well as 5,800 square feet of retail
space; and
WHEREAS, on March 18, 2008, the CDC approved a Third Amendment to the
Agreement for an additional 180 days due to market considerations; and
WHEREAS, on October 8, 2008, the Developer submitted plans for land use
entitlements and review per the California Environmental Quality Act; and
WHEREAS, the Developer and CDC desire to Amend the Agreement for an
additional one hundred and eighty (180) days to allow additional time to complete land use
entitlements, environmental review, and negotiate a Disposition and Development Agreement to
complete the Project.
Resolution No. 2008 — 241
November 18, 2008
Page 2
NOW, THEREFORE, BE IT RESOLVED that the Community Development
Commission of the City of National City hereby authorizes the Chairman to execute the Fourth
Amendment to Exclusive Negotiation Agreement between the Community Development
Commission of the City of National City and Palm Plaza Associates, LLC., extending the
Agreement until May 18, 2009.
PASSED and ADOPTED this 18th day of Novem r, 2008.
Ron orrison, Chairman
ATTEST:
,
Secretary
APPROVED AS TO FORM:
George H. Eiser, III
City Attorney
Passed and adopted by the Community Development Commission of the City of
National City, California, on November 18, 2008, 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 Development Commission
l---
Secreta , " .mmunity Ievelopment Commission
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2008-241 of the Community Development Commission of the City
of National City, California, passed and adopted on November 18, 2008.
Secretary, Community Development Commission
By:
Deputy