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HomeMy WebLinkAboutResolutionRESOLUTION NO. 2014 — RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY AUTHORIZING THE APPROPRIATION AND CORRESPONDING REVENUE INCREASE OF $2,150,000 FOR THE PURPOSE OF COVERING EXPENDITURES RELATED TO THE RELOCATION OF PUBLIC WORKS FACILITIES AND ENVIRONMENTAL REMEDIATION ON THE WESTSIDE IN -FILL TRANSIT ORIENTED DEVELOPMENT PROJECT SITE WHEREAS, Paradise Creek Housing Partners, LP, (the "Developer") and the Community Development Commission of the City of National City ("CDC") entered into a Disposition and Development Agreement ("DDA") titled Transit Oriented In -fill Affordable Housing and Paradise Creek Enhancement Project, dated June 21, 2011; and WHEREAS, Phase 1 of the development consists of 109 units and the development of a community park; and WHEREAS, on December 18, 2013, the City entered into a Site Infrastructure Agreement ("Agreement") with the Developer that would reimburse the 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; and WHEREAS, the City has received $2,000,000 in reimbursement to date and is pending receipt of the remaining $2,000,000 as required by the Agreement; and WHEREAS, of the $4,000,000 of reimbursement from the Agreement, $1,000,000 was appropriated by the City Council on February 4, 2014, and $850,000 was appropriated on June 17, 2014; and WHEREAS, the appropriations made to date under the Agreement total $1,850,000, and $2,150,000 remains to be appropriated; and WHEREAS, the remaining $2,150,000 to be appropriated by the City Council will be used for the payment of site remediation, and Public Works facility relocation contracts, and related costs. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of National City hereby authorizes the appropriation and corresponding revenue increase of $2,150,000 for the purpose of covering expenditures related to Public Works facility relocation and environmental remediation work on the Westside In -fill Transit Oriented Development Project site. PASSED and ADOPTED this 5th day of August, 2014. Ron Morrison, Mayor ATTEST: APPROVED AS TO FORM: Michael R. Dalla, City Clerk Claudia Gacitua Silva City Attorney