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HomeMy WebLinkAboutCC RESO 2015-158Corrected Resolution RESOLUTION NO. 2015 — 158 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY AUTHORIZING THE MAYOR TO EXECUTE A MEMORANDUM OF UNDERSTANDING BETWEEN THE CITY AND THE SUCCESSOR AGENCY TO THE COMMUNITY DEVELOPMENT COMMISSION AS THE NATIONAL CITY REDEVELOPMENT AGENCY REGARDING THE DISTRIBUTION OF ANTICIPATED SETTLEMENT PROCEEDS FROM THE RSG ARBITRATION MATTER WHEREAS, on February 20, 2007, the former Community Development Commission of the City of National City ("CDC") entered into an Agreement with Rosenow Spevacek Group, Inc. ("RSG"), for the 2007 Redevelopment Plan Amendment; and WHEREAS, the 2007 Redevelopment Plan Amendment was prepared by RSG and eventually adopted in July of 2007; and WHEREAS, in September 2007, the 2007 Redevelopment Plan Amendment was challenged by the Community Youth Athletic Center (the "CYAC matter"); and WHEREAS, in April 2015, the trial court entered judgment in the CYAC matter, awarding fees to CYAC in the amount of $2,016,249.87; and WHEREAS, in 2011, the City and CDC (now the Successor Agency to the Community Development Commission as the National City Redevelopment Agency ("SA")) commenced arbitration proceedings seeking damages against RSG arising out of work performed by RSG pursuant to its contract with the CDC (the "Arbitration Proceedings"): and WHEREAS, in the Arbitration Proceedings, the City and SA alleged that RSG negligently performed its contractual obligations resulting in compensatory damages; and WHEREAS, the parties agreed in the Arbitration Proceedings to settle the matter for insurance policy limits estimated at $1,800,000, contingent upon approval by the Oversight Board and the California Department of Finance ("DOF"); and WHEREAS, the Oversight Board approved the settlement, but the DOF denied approval because the DOF required documentation of the settlement distribution between the SA and the City; and WHEREAS, the proposed memorandum of understanding between the City and SA addresses DOF's concern and distributes the settlement proceeds proportionally between the City and SA based on each party's respective percentage of damages with the total approximate damage claimed by the SA at $24,702,589. and the total approximate damage claimed by the City at $20,777,074. This methodology results in the SA receiving 54% and the City receiving 46% of the balance of the settlement proceeds, after the attorneys' fees are paid; and WHEREAS, the MOU must be approved by both the Oversight Board of the Successor Agency to the Community Development Commission as the National City Redevelopment Agency ("Oversight Board") and the California Department of Finance prior to being effective. Resolution No. 2015 — 158 Page Two NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of National City hereby authorizes the Mayor to execute a Memorandum of Understanding between the City and the Successor Agency to the Community Development Commission as the National City Redevelopment Agency regarding the distribution of anticipated proceeds from the RSG Arbitration matter. PASSED and ADOPTED this 20th day of October, 2015. ATTEST: !d Michael R. Dalla, City Clerk PPROVED t4 ,t , 4 k, •lf':ia Gacitu. Silva City Attorney S TO FO on Morrison, Mayor Passed and adopted by the Council of the City of National City, California, on October 20, 2015 by the following vote, to -wit: Ayes: Councilmembers Cano, Mendivil, Morrison, Rios, Sotelo-Solis. Nays: None. Absent: None. Abstain: None. AUTHENTICATED BY: RON MORRISON Mayor of the City of National City, California City Clerk of the City of N onal City, California By: Deputy I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of RESOLUTION NO. 2015-158 of the City of National City, California, passed and adopted by the Council of said City on October 20, 2015. City Clerk of the City of National City, California By: Deputy