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HomeMy WebLinkAboutCouncil Agenda StatementCITY OF NATIONAL CITY, CALIFORNIA COUNCIL AGENDA STATEMENT MEETING DATE: ITEM TITLE: 'February 4, 2014' AGENDA ITEM NO. Resolution of the City Council of the City of National City authorizing the appropriation and corresponding revenue increase of $1,000,000 for the purpose of environmental remediation work on the Westside In -fill Transit Oriented Development project site. 1 PREPARED BY: [Stephen Manganie!!o, City Engineer{ PHONE: [(619) 336-43821 EXPLANATION: DEPARTMENT: Engineering and Public Works Department APPROVED BY: Paradise Creek Housing Partners, L.P., a California limited partnership ("Developer') and the Community Development Commission of the City of National City ("CDC") entered into a Disposition and Development Agreement titled Transit Oriented Infili Affordable Housing and Paradise Creek Enhancement Project and dated June 21, 2011 ("DDA"). Phase I of the development consists of 109 units and the development of a community park. On December 18, 2013, the City of National City entered into a Site Infrastructure Agreement ("Agreement") with the Developer that would reimburse the City of National City up to $4,000,000 for the fees, costs and expenses incurred by the City with respect to preparation of the Site, including without limitation, costs incurred with respect to relocation of persons and improvements located at the Site. The City received a $1,000,000 payment on December 20, 2013 as required by the Site Infrastructure Agreement. The revenue will be appropriated for the payment of Site remediation contracts and related costs. FINANCIAL STATEMENT: ACCOUNT NO. Revenue $1,000,004, 001-06029-3648 WI-TOD Site Infrastructure Expenditure $500,000, 001-409-500-598-1596 LEI TOD Site Remediation $500,000, 001-409-500-598-1595 Public Works Facility Relocation Project ENVIRONMENTAL REVIEW: Not applicable. ORDINANCE: INTRODUCTION: f 1 FINAL ADOPTION: STAFF RECOMMENDATION: Adopt the Resolution. BOARD 1 COMMISSION RECOMMENDATION: 'Not applicable. APPROVED: APPROVED: Finance MIS ATTACHMENTS: (None.'