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HomeMy WebLinkAbout2010 CON CDC Marina Gateway Dev. Co. - May 2010 AmendmentMAY 2010 AMENDMENT to EXCLUSIVE NEGOTIATING AGREEMENT between COMMUNITY DEVELOPMENT COMMISSION of THE CITY OF NATIONAL CITY and MARINA GATEWAY DEVELOPMENT COMPANY, LLC WHEREAS, on May 18, 2004, the COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF NATIONAL CITY, a public body, corporate and politic ("CDC"), and MARINA GATEWAY DEVELOPMENT COMPANY, LLC, a California limited liability company ("Developer"), entered into an EXCLUSIVE NEGOTIATION AGREEMENT ("Agreement') for Developer to explore the feasibility of redeveloping the property located at 720 West 23rd Street, (commonly known as the Ace Metals Site — APN #559- 118-02) of the City of National City Harbor Redevelopment Plan (the "Site"). WHEREAS, on June 19, 2007 the CDC entered a new Agreement with Developer to develop at least two restaurants on two blocks identified as 720 West 23rd St (as shown above), the vacant parcel immediately west of this site contiguous to the Caltrans right of way for Interstate 5, and the block at 835 West 24th Street (APNs 559-117-04, 05, 06, 07, 12); and WHEREAS, on February 19, 2008 the CDC and Developer entered a Memorandum of Understanding to jointly retain a marketing company to assist with tenant recruitment for the sites; and WHEREAS, on June 16, 2009 the CDC and Developer amended the ENA to allow for more time due to a national economic downturn which hindered tenant recruitment; and WHEREAS, while the economic downturn continues, the CDC and Developer in 2010 are considering long term redevelopment opportunities for the Harbor District Redevelopment Project Area including the sites subject to this ENA; and WHEREAS, the CDC and Developer both desire to provide an additional year in which to allow for economic recovery and identify end users for the ENA sites; NOW, THEREFORE, THE PARTIES AGREE TO AMEND THE AGREEMENT AS FOLLOWS: 1. The CDC and Developer agree to extend the time of the First Negotiation Period for a period of one year, expiring on June 30, 2011; 2. The Developer will provide written reports to the CDC staff every 30 days to report on progress and/or problems with the proposed redevelopment; and 3. Except as expressly amended herein or by prior Amendments, each and every term of the Agreement shall remain in full force and effect. IN WITNESS WHEREOF, the Parties have entered into this Amendment as of May 18, 2010. Page 1 of 2 May 2010 Amendment to ENA w MGDC COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF NATIONAL CITY, a public body, corporate and politic: By: Ron Morrison, Chairman APPROVED AS TO FORM: By: George H. Eiser, III, City -CDC Attorney DEVELOPER: MARINA GATEWAY DEVELOPMENT COMPANY, LLC, a California limited liability company By: MRW Group, Inc, a Nevada corporation, Manager By: Its: GI -it C7PrfIt‘ortw& GI.ht1,,4L Page 2 of 2 May 2010 Amendment to ENA w MGDC COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF NATIONAL CITY, a public body, corporate and politic: By: Ron Morrison, Chairman APPROVED AS TO FORM: By: George H. Eiser, III, City Attorney DEVELOPER: MARINA GATEWAY DEVELOPMENT COMPANY, LLC, a California limited liability company By: MRW Group, Inc, a Nevada corporation, Managing Member By: Its: Page 2 of 2 May 2010 Amendment to ENA w MGDC RESOLUTION NO. 2010 — 104 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF NATIONAL CITY AUTHORIZING THE CHAIRMAN TO EXECUTE THE MAY 2010 AMENDMENT TO THE EXCLUSIVE NEGOTIATION AGREEMENT BETWEEN THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF NATIONAL CITY AND MARINA GATEWAY DEVELOPMENT COMPANY FOR THE MARINA GATEWAY SITES NORTH OF BAY MARINA DRIVE WHEREAS, on May 18, 2004, the Community Development Commission of the City of National City ("CDC") and Marina Gateway Development Company, LLC, ("Marina Gateway") entered into an Exclusive Negotiation Agreement ("ENA') for Marina Gateway to explore the feasibility of redeveloping the property located at 720 West 23rd Street, (commonly known as the Ace Metals Site — APN 559-118-02) of the City of National City Harbor Redevelopment Plan (the "Site"); and WHEREAS, on June 19, 2007, the CDC entered into a new Agreement with Marina Gateway to develop at least two restaurants on two blocks identified as 720 West 23rd Street, a vacant parcel immediately west of this site contiguous to the Caltrans right of way for Interstate 5, and the block at 835 West 24th Street (APNs. 559-117-04, 559-117-05, 559-117- 06, 559-117-07, and 559-117-12); and WHEREAS, on February 19, 2008, the CDC and Marina Gateway entered into a Memorandum of Understanding to jointly retain a marketing company to assist with tenant recruitment for the sites; and WHEREAS, on June 16, 2009, the CDC and Marina Gateway amended the ENA to allow for more time due to a national economic downturn that hindered tenant recruitment; and WHEREAS, while the economic downturn continues, the CDC and Marina Gateway are considering long term redevelopment opportunities for the Harbor District Redevelopment Project Area, including the sites subject to this ENA; and WHEREAS, the CDC and Marina Gateway desire to extend the term of the June 2009 Amendment to the ENA for one (1) additional year in which to allow for economic recovery and identify end users for the ENA sites, with Marina Gateway providing written reports to the CDC staff every 30 days to report on progress and/or problems with the proposed redevelopment. NOW, THEREFORE, BE IT RESOLVED that the Community Development Commission of the City of National City hereby authorizes the Chairman to execute the May 2010 Amendment to the Exclusive Negotiation Agreement with the Resolution No. 2010 — 104 Page 2 Marina Gateway Development Company for the Marina Gateway sites north of Bay Marina Drive identified as APNs. 559-118-002, 559-117-004, 559-117-005, 559-117-006, 559-117-007, and 559-117-12, and the adjacent vacant parcel immediately adjacent to the Caltrans right-of- way for Interstate 5. Said Amendment to Exclusive Negotiation Agreement is on file in the office of the City Clerk. PASSED and ADOPTED this 18th day of May, 2010. on Morrison, Chairman ATTES Bran, Secretary APPROVED AS TO FORM: George H. Eiser, III City Attorney Passed and adopted by the Community Development Commission of the City of National City, California, on May 18, 2010, by the following vote, to -wit: Ayes: Commissioners Morrison, Sotelo-Solis, Van Deventer, Zarate. Nays: None. Absent: None. Abstain: None. AUTHENTICATED BY: RON MORRISON Chairman, Community Development Commission Secretary, Community Development Commission By: Deputy I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of RESOLUTION NO. 2010-104 of the Community Development Commission of the City of National City, California, passed and adopted on May 18, 2010. Secretary, Community Development Commission By: Deputy C,a010-NO4 MEETING DATE: CITY OF NATIONAL CITY, CALIFORNIA COMMUNITY DEVELOPMENT COMMISSION COUNCIL AGENDA STATEMENT May 18, 2010 AGENDA ITEM NO. 29 ITEM TITLE: A resolution approving the May, 2010 Amendment to an Exclusive Negotiation Agreement ("ENA") with Marina Gateway Development Company for the Marina Gateway sites north of Bay Marina Drive identified at APN #s 559-118-002, 117-04, 05, 06, 07, 12 and the adjacent vacant parcel immediately adjacent to the Caltrans right of way for Interstate 5. (Redevelopment Division) PREPARED BY: Patricia Beard it/ PHONE: Ext 4255 EXPLANATION: DEPARTMENT: R APPROVED BY: 2 nt Division Since 2004, the Marina Gateway Development Company ("MGDC") and CDC have been committed to expanding the Marina Gateway revitalization catalyzed by the 2008 Pier 32 Marina opening and 2009 opening of the Marina Gateway Hotel and Plaza project. For these sites north of Bay Marina Drive, MGDC has conducted planning studies, marketing efforts in cooperation with CDC and CDC is completing necessary environmental site remediation to allow redevelopment to occur. The economic downturn of 2008-2010 has slowed the pace of development and no project has come forward in the past year. In view of MGDC's completion of the hotel and plaza project and its commitment to the overall Marina Gateway revitalization, staff desires to extend this ENA for an additional year. FINANCIAL STATEMENT: APPROVED: ACCOUNT NO. APPROVED: A developer deposit of $25,000 is on deposit for the ENA. Finance MIS ENVIRONMENTAL REVIEW: Should a project be found to be potentially feasible during the ENA period, review under the California Environmental Quality Act will be required prior to a development agreement being presented to the City Council/Community Development Commission. ORDINANCE: INTRODUCTION: n FINAL ADOPTION:n STAFF RECOMMENDATION: Adopt the resolution BOARD / COMMISSION RECOMMENDATION: ATTACHMENTS: roposed ENA Map Q.R.SOV.“ 0O1.1 Vo. a,o\o • V00•1 OFFICE OF THE CITY CLERK 1243 National City Blvd. National City, Califomia 91950 Michael R. Dalla, CMC - City Clerk 619-336-4228 phone • 619-336-4229 fax June 29, 2010 Mr. Ival. Leetma MRW Group, Inc. 2040 Harbor Island Drive, Suite 250 San Diego, CA 92101 Dear Mr. Leetma, On May 18th, 2010, Resolution No. 2010-104 was passed and adopted by the Community Development Commission of the City of National City, authorizing execution of the May 2010 Amendment to the Exclusive Negotiation Agreement with Marina Gateway Development Company. We are enclosing for your records a certified copy of the above Resolution and a fully executed original Amendment. Sincerely, J Michael R. Dalia, CMC City Clerk Enclosures cc: Community Development Commission