HomeMy WebLinkAbout2013-11-05; City Council; Resolution 2013-258EXHIBIT 2
1 RESOLUTION NO. 2013-258
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2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD
AUTHORIZING THE CARLSBAD PUBLIC FINANCING AUTHORITY TO
ENTER INTO EXCLUSIVE NEGOTIATIONS WITH GRAND PACIFIC
4 RESORTS FOR THE GROUND LEASE OF THE PROPERTY KNOWN AS
THE CROSSINGS AT CARLSBAD WEST VIEW LOT 9 AND TO ACT ON
5 BEHALF OF THE CITY OF CARLSBAD IN ALL FUTURE DECISIONS
AND ACTIONS RELATED TO THE GROUND LEASE OF THE
PROPERTY.
WHEREAS, in August 2012, staff presented to a joint meeting of the City of
Carlsbad City Council and the Carlsbad Municipal Water District Board of Directors, a group of
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underutilized properties for their consideration and direction; and
11 WHEREAS, included in these properties was a parcel referred to as the Crossings
12 at Carlsbad West View Lot 9 (Lot 9); and
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WHEREAS, Lot 9 is a combination of two adjacent parcels: Parcel A, one 2.7 acre
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lot owned by the City of Carlsbad and Parcel B, a second 0.45 acre lot owned by the Carlsbad
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Municipal Water District; and
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j7 WHEREAS, the City of Carlsbad and the Carlsbad Municipal Water District are
18 member agencies of the Carlsbad Public Financing Authority (CPFA), which was created on April
18, 2000 to provide for the financing of public capital improvements for the member agencies
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and for other purposes as permitted under the Joint Powers Law as agreed to by the parties;
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and
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WHEREAS, CPFA issued proposals to solicit responses from parties interested in
24 developing Lot 9 under a long-term ground lease; and
25 WHEREAS, CPFA has evaluated the responses to the request for proposals and
2^ recommends to both member agencies that CPFA be authorized to enter into exclusive
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1 negotiations with Grand Pacific Resorts for the ground lease of The Crossings at Carlsbad West
2 View Lot 9; and
WHEREAS, the City of Carlsbad will conduct the negotiations for, and manage the
ground lease in its capacity as lease manager for CPFA; and
WHEREAS, the potential revenues generated from development on the
combined Lot will be apportioned between the City of Carlsbad and the Carlsbad Municipal
Water District based upon a per square foot ownership basis and leasehold interest, with any
^ applicable taxes or fees associated with the development of the site distributed to the
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14 1. The above recitations are true and correct
appropriate taxing authority.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad,
California, as follows:
2. The City of Carlsbad hereby authorizes the CPFA to enter into exclusive
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negotiations with Grand Pacific Resorts for the ground lease of The Crossings at Carlsbad West
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View Lot 9 and to act on behalf of the City of Carlsbad in all future decisions and actions related
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to the ground lease of the property.
20 3. As lease manager for the CPFA, the City of Carlsbad will negotiate the ground
21 lease and make recommendations to the CPFA regarding ground lease terms and conditions.
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4. As lease manager, the City of Carlsbad will also administer and manage the lease
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of Lot 9, and distribute any revenues generated from the long-term lease of Lot 9 on a per
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25 square foot ownership ratio basis, with any applicable taxes or fees associated with the
26 development of the site collected and used by the appropriate taxing authority.
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PASSED, APPROVED AND ADOPTED at a Special Meeting of the Carlsbad City
Council, Public Financing Authority Board and Carlsbad Municipal Water District Board of
Directors held on the S^^ day of November 2013, by the following vote to wit:
AYES:
NOES:
ABSENT:
Council Members Packard, Wood, Blackburn.
Council Member Hall.
Council Member Douglas.
MATT HALL, Mayor
ATTEST:
BARBARA ENGLESON, City