HomeMy WebLinkAboutPA 2020-1 - County of San Diego - Option Agreement - Fourteenth Amendment RESOLUTION NO. 2020 — 1
RESOLUTION OF THE PARKING AUTHORITY OF THE CITY OF NATIONAL CITY
APPROVING AND AUTHORIZING THE CHAIRWOMAN TO EXECUTE THE
FOURTEENTH AMENDMENT TO THE OPTION TO PURCHASE AGREEMENT WITH
THE COUNTY OF SAN DIEGO FOR THE PURCHASE OF AN OPEN-SPACE
EASEMENT ON A 15.08 ACRE PARCEL OF LAND AT THE SOUTHWEST CORNER OF
SWEETWATER ROAD AND BONITA CENTER ROAD THAT EXTENDS THE TERM OF
SAID OPTION THROUGH DECEMBER 31, 2021, AND AUTHORIZING PAYMENT
IN THE AMOUNT OF $1.00 TO THE COUNTY OF SAN DIEGO AS
CONSIDERATION FOR THE EXTENSION
WHEREAS, on March 20, 2007, the Parking Authority of the City of National City
("Parking Authority") entered into an Option to Purchase Agreement ("Option Agreement")
with the County of San Diego to purchase an open-space easement attached to the 15.08-
acre parcel of land located at the southwest corner of Sweetwater Road and Bonita Center
Road (Parcel No. 564-471-11) to develop a commercial project; and
WHEREAS, the Option Agreement has been subsequently amended in 2008, 2009,
2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018 and 2019 each extending the term of
the Option Agreement for one year; and
WHEREAS, the Fourteenth Amendment to the Option Agreement extends the term of
the Option Agreement for one year, to December 31, 2021, and in consideration for the
Amendment, the Parking Authority agrees to pay $1.00 to the County of San Diego.
NOW, THEREFORE, BE IT RESOLVED, that the Parking Authority of the City of
National City hereby authorizes the Chairman to execute the Fourteenth Amendment to the
Option to Purchase Agreement by and between the Parking Authority of the City of National
City and the County of San Diego to extend the term of the Option Agreement for one year,
to December 31, 2021. The Fourteenth Amendment is on ' in the office of the City Clerk.
BE IT FURTHER RESOLVED that the Parking Authority hereby authorizes the
payment in the amount of $1.00 to the County of San Diego in consideration for the 14th
Amendment that extends the term of the Option Agreement through December 31, 2021.
PASSED and ADOPTED this 6th day of October, 2020
Al jandra Sotelo-Solis, Chairwoman
ATTEST: �_i►
B .. -aulston, Secretary
APPROVED AS TO ORM:
-J e , City orney
Passed and adopted by the Parking Authority of the City of National City, California, on
October 6, 2020 by the following vote, to-wit:
Ayes: Boardmembers Cano, Morrison, Quintero, Rios, Sotelo-Solis.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: ALEJANDRA SOTELO-SOLIS
Chairman, Parking Authority
e ary, Parking Authority
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2020-1 of the Parking Authority of the City of National City,
California, passed and adopted on October 6, 2020.
Secretary, Parking Authority
By:
Deputy