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HomeMy WebLinkAbout2007 CON CDC Marina Gateway / Sycuan - 8th Amendment DDA Section 22 RevisionNOTE TO FILE 04-20-10 IN THE MATTER OF: Resolution of the CDC authorizing the Chairman to execute an Agreement revising Section 22 of the 8th Amendment to the Disposition and Development Agreement (DDA) with Marina Gateway Development Company, LLC. Please note the following: A FULLY EXECUTED ORIGINAL AGREEMENT WAS NEVER FILED WITH THE OFFICE OF THE CITY CLERK ORIGINATING DEPARTMENT: _ CDC Housing & Grants X City Attorney _ Human Resources City Manager _ MIS _ Community Svcs. _ Planning Engineering _ Police Finance _ Public Works Fire • 11-27-07 - Checked with Pat Beard with CDC • 11-39-07 - Per Colby Young with CDC, they sent a partially executed original contract to developer to sign and return • 12-12-07 - Requested Colby Young with CDC to follow up NTF AGREEMENT REVISING SECTION 22 OF THE EIGHTH AMENDMENT TO DISPOSITION AN DEVELOPMENT AGREEMENT BETWEEN THE CITY OF NATIONAL CITY AND MARINA GATEWAY DEVELOPMENT COMPANY, LLC. THIS AGREEMENT REVISING SECTION 22 OF THE EIGHTH AMENDMENT TO DISPOSITION AND DEVELOPMENT AGREEMENT ("Agreement") is entered into as of October 2, 2007, by and between the COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF NATIONAL CITY, a public body, corporate and politic (the "CDC") and MARINA GATEWAY DEVELOPMENT COMPANY, LLC, A California limited liability company (the "Developer") (CDC and Developer are sometimes referred to herein as the "Parties") and amends the Eighth Amendment to Disposition and Development Agreement dated September 18, 2007, previously entered into by the Parties. Recitals A. On September 18, 2007, the CDC adopted Resolution NO. 2007-225, approving the 8`h Amendment to Disposition and Development Agreement (the "8`h Amendment") with the Developer pertaining to the Marina Gateway Project (the "Project"). B. The main purpose of the 8th Amendment was to provide for the conveyance by the CDC to MGDC of land somewhat less in area than originally contemplated in the DDA, with the CDC retaining a portion of land over which it would grant an easement to the Developer. C. Section 22 of the 8th Amendment amended Section 403 of the DDA pertaining to the Developer's maintenance and regulatory compliance responsibilities. D. The CDC and the Developer now desire to revise Section 22 of the 8th Amendment to clarify the Developer's responsibilities under Section 403 of the DDA. NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties herby agree to amend Section 22 of the Eighth Amendment to the Disposition and Development Agreement as follows: 22. Section 403 of the DDA is deleted and replaced with: Maintenance and Regulatory Compliance Covenants. The Developer shall maintain the Redevelopment Site and all improvements thereon, including all landscaping and erosion control, in a commercially reasonable manner. The Developer agrees that it shall assume all obligations detailed in the Post Closure Monitoring and Maintenance Plan (PCMMP) developed for this Redevelopment Site, except for such activities as are required to obtain final satisfaction of the requirements AGREEMENT RE: 8TH AMFNDMFNT PAGE 1 OF 2 of the Certificate of Completion, regardless of whether the underlying ownership of the property vests in the CDC, or a successor to its interests, or the Developer, but excluding all federal owned and operated lands. With the foregoing exception, each and every provision of the Eight Amendment to the Disposition and Development Agreement dated September 18, 2007, shall remain in full force and effect. IN WITNESS WHEREOF, the Parties have executed this Amendment to be effective as of the date first set forth above. ATTESTED: CDC: COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF NATIONAL CITY, a public body, corporate and politic BradRaulston, Secretary By: George H. Beer, III City Attorney Ron Morrison, Chairman By: MRW Group, Inc., a Nevada corporation, Manager By: Its: STDC: SYCUAN TRIBAL DEVELOPMENT CORPORATION, A tribally chartered corporation By: Its: AGREEMENT RE: 8" AMENDMENT PAGE 2 OF 2 RESOLUTION NO. 2007 — 242 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF NATIONAL CITY AUTHORIZING THE CHAIRMAN TO EXECUTE AN AGREEMENT REVISING SECTION 22 OF THE 8T" AMENDMENT TO THE DISPOSITION AND DEVELOPMENT AGREEMENT WITH MARINA GATEWAY DEVELOPMENT COMPANY, LLC WHEREAS, on September 18, 2007, the Community Development Commission of the City of National City ("CDC") adopted Resolution No. 2007-225, approving the 8th Amendment to Disposition and Development Agreement (the "8th Amendment") with Marina Gateway Development Company, LLC ("MGDC"), pertaining to the Marina Gateway Project (the "Project"); and WHEREAS, the main purpose of the 8th Amendment was to provide for the conveyance by the CDC to MGDC of land somewhat less in area than originally contemplated in the DDA, with the CDC retaining a portion of land over which it would grant an easement to MGDC; and WHEREAS, Section 22 of the 8th Amendment amended Section 403 of the DDA pertaining to MGDC's maintenance and regulatory compliance responsibilities; and WHEREAS, the CDC and MGDC now desire to revise Section 22 of the 8th Amendment to further clarify MGDC's responsibilities under Section 403 of the DDA. NOW, THEREFORE, BE IT RESOLVED that the Community Development Commission of the City of National City hereby authorizes the Chairman to execute an Agreement Revising Section 22 of the 8th Amendment to the Disposition and Development Agreement with Marina Gateway Development Company, LLC. Said Agreement is on file in the office of the City Clerk. PASSED and ADOPTED this 16th day of October,107. 'Ron Morrison, Chairman ATTEST: Brad R"aulston, Secretary APPROVED AS TO FORM: George I-f. Eiser, III Legal Counsel Passed and adopted by the Community Development Commission of the City of National City, California, on October 16, 2007, by the following vote, to -wit: Ayes: Commissioners Morrison, Natividad, Parra, Ungab, Zarate. Nays: None. Absent: None. Abstain: None. AUTHENTICATED BY: RON MORRISON Chairman, Community Development Commission Secreta y Development Commission By: Deputy I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of RESOLUTION NO. 2007-242 of the Community Development Commission of the City of National City, California, passed and adopted on October 16, 2007. Secretary, Community Development Commission By: Deputy City of National City, California COMMUNITY DEVELOPMENT COMMISSION AGENDA STATEMENT MEETING DATE October 16, 2007 AGENDA ITEM NO. 20 ITEM TITLE RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF NATIONAL CITY AUTHORIZING THE CHAIRMAN TO EXECUTE A REVISION TO SECTION 21 OF THE EIGHTH AMENDMENT TO THE DISPOSITION AND DEVELOPMENT AGREEMENT WITH MARINA GATEWAY DEVELOPMENT COMPANY, LLC, PREPARED BY EXPLANATION George H. Eiser, III PU DEPARTMENT City Attorney (Ext. 4221) Please see attached memorandum. Environmental Review 'I N/A Financial Statement N/A Approved By: Finance Director Account No. STAFF RECOMMENDATION Adopt resolution. BOARD / COMMISSION RECOMMENDATION N/A ATTACHMENTS ( Listed Below) Resolution No. • Proposed Resolution • Revised Agreement A-200 (9/99)