HomeMy WebLinkAbout1978-08-04; Parking Authority; MinutesMeeting of:
Date of Meeting:
1i me of Meeti ng:
Place of Meeting
CARLSBAD PARKING
•August 4, 1978
10:00 A.M.
Council Chambers
AUTHORITY (Special
The meeting was called to order by Vice Chairman
Dunne at 10:17 A.M.
ROLL CALL: Directors Dunne, Richardson,
• Sugg and Goodwin.
ABSENT: Director McComas .• • . .
The'Vice Chairman announced the purpose of the
meeting was to discuss the documents pertaining to
the expansi on 'of the Pl aza Cainino Real.
Alternate Precise Plan (PP 24-A),. which was approv-
ed by the City Council on August 3, 1978', was re-
viewed by the Authority and questions and answers
foi1 owed.
The City Attorney was present and stated the City
Council discussed and approved all of the follow-
ing documents at its adjourned meeting held on
August 3, 1978:
EXCHANGE AGREEMENT AND ESCROW INSTRUCTIONS. The
City Attorney informed the Authority this matter
was dealt with in Section 2.8 of the Basic Agree-
ment regarding the exchange of property in con-
nection with, the Bullock's store. Negotiations
have been completed on those documents necessary
to carry Section 2.8 into effect.
The.^fol lowing resol ution .was adopted by title only
RESOLUTION NO. 14, APPROVING AND AUTHORIZING THE
EXECUTION OF AN EXCHANGE AGREEMENT AND ESCROW
INSTRUCTIONS AND ALL RELATED DOCUMENTS MADE EXHIBIT^
THERETO WITH THE CITY OF CARLSBAD AND PLAZA CAMINO
REAL' TO EFFECT THE BULLOCK'S LAND EXCHANGE.
AMENDMENT OF DEED CC&R's; SUBORDINATION AGREEMENT;
AND GRANT OF PARKING EASEMENTS. Mr. Biondo pointed
out that in taking an. overview of the arrangements
for the center's expansion it would be in every-
one's best.interest to place the existing parking
lot and the new parking lot under a single set of
documents. This has been accomplished and the
REA has been amended to reflect this change. The
REA is the most important document as it sets forth
all of the respective rights and obligations of
.the parties involved in the center.
The following resolution was adopted by title only
RESOLUTION NO. 15, APPROVING AND AUTHORIZING THE
•EXECUTION OF THE AMENDMENT OF DEED COVENANTS,
CONDITIONS, RESTRICTIONS AND RESERVATIONS: SUB-
ORDINATION AGREEMENT: AND GRANT OF PARKING EASE-
MENTS BETWEEN THE CITY OF CARLSBAD, THE PARKING
AUTHORITY AND PLAZA CAMINO REAL. . ' -
FOURTH SUPPLEMENT TO THE AGREEMENT. The City
A'ttorney inforniod tlie Authority the Basic Agreement
between the Parking Authority, City and Plaza
Camino Real for the expansion was approved November
5, 1975. It has been supplemented on three occa-
sions subseciuont to that time. As a result of
negotiations in regards to those items necessary
to carry tho Plaza Camino Real expansion into
effect, it was do toriiii ned that a Fourth Supplement
to the Basic Agrocmont was in order.
Dunne
Sugg
Ri.chardson
Goodwi n
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Dunne • '
Sugg
Ri chardson
Goodwi n
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August 4, 1978
The City Attorney noted that in the event Broadway
is to become a part of the complex it would neces-
sitate a fifth supplement to the agreement. .
The following resolution was- adopted by title gnly:
RESOLUTION NO. 16, APPROVING A FOURTH SUPPLEMENT '
AMENDING THE AGREEMENT BETWEEN THE CITY OF CARLSBAD
THE PARKING AUTHORITY AND PLAZA CAMINO REAL FOR
EXPANSION OF PLAZA CAMINO REAL REGIONAL SHOPPING
CENTER AND AUTHORIZING THE MAYOR TO EXECUTE SAID
AGREEMENT.
ADJOURNMENT: • . .
By proper motion the meeting was adjourned at
10:39 A.M.
Respectfully submitted.
MARGAR^ E. ADAMS
Recording Secretary
Dunne
Sugg
Richardso
Goodwi n
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