HomeMy WebLinkAboutPA 2007-5 - County of San Diego - Option Agreement to Purchase an Easement for a 15.08-Acre Parcel for Commercial Development RESOLUTION NO. 2007 — 5
RESOLUTION OF THE PARKING AUTHORITY OF THE CITY OF NATIONAL CITY
AUTHORIZING THE CHAIRMAN TO EXECUTE AN OPTION AGREEMENT
WITH THE COUNTY OF SAN DIEGO TO PURCHASE AN EASEMENT
FOR A 15.08-ACRE PARCEL FOR COMMERCIAL DEVELOPMENT
(COSTCO PROJECT) AT A PRICE OF $3,000,000
WHEREAS, the Parking Authority of the City of National City (Parking Authority)
owns a 15.08-acre parcel of land at the southwest corner of Sweetwater Road and Bonita
Center Road (Parcel No. 564-471-11); and
WHEREAS, in 1978, the Parking Authority conveyed an easement to the County
of San Diego ("County") for open space and park purposes ("Easement") over this 15-08-acre
parcel; and
WHEREAS; the Parking Authority desires to purchase the Easement from the
County, and to convey to the County the title to a strip of land along the south end of the parcel
that contains a trial/walkway; and
WHEREAS, except for the trial/walkway along the south end of the parcel, the
15.08-acre parcel has not been improved with park or recreational facilities, and remains
undeveloped. The County has determined that the Easement is not required for County use;
and
WHEREAS, the County is willing to grant to the Parking Authority an exclusive
option to purchase the Easement from the County for the price of $3,000,000, pursuant to the
terms and conditions set forth in the Option to Purchase Agreement; and
WHEREAS, pursuant to a separate agreement, the Parking Authority will be
reimbursed for said amount by Costco, the developer of the land on which the easement is
located.
NOW, THEREFORE, BE IT RESOLVED that the Parking Authority of the City of
National City hereby authorizes the Chairman to execute an Option Agreement with the County
of San Diego to purchase an easement for a 15.08-acre parcel for commercial development
(Costco Project) at a price of $3,000,000. Said Agreement is on file in the office of the City
Clerk.
PASSED and ADOPTED this 20th day of Marc .
a � _
Ron Morrison, Chairman
ATTEST: APPROVED AS TO FORM:
Brad Raulsto r tary George H. user, III
Legal Counsel
Passed and adopted by the Parking Authority of the City of National City, California, on
March 20, 2007, by the following vote, to-wit:
Ayes: Boardmembers Morrison, Natividad, Parra, Ungab, Zarate.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Chairman, Parking Authority
Sec,i '� • 1..• Authority
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2007-5 of the Parking Authority of the City of National City,
California, passed and adopted on March 20, 2007.
Secretary, Parking Authority
By:
Deputy