HomeMy WebLinkAbout2013-05-07; Public Financing Authority; Resolution 63EXHIBIT 5
1 RESOLUTION NO. 63
^ A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CARLSBAD
PUBLIC FINANCING AUTHORITY, ACCEPTING AUTHORITY TO ISSUE
AND EVALUATE A REQUEST FOR PROPOSALS TO GROUND LEASE
4 THE CROSSINGS AT CARLSBAD WEST VIEW LOT 9 FOR
DEVELOPMENT AND DESIGNATING THE CITY OF CARLSBAD TO
5 MANAGE ANY LONG TERM LEASE GOVERNING THE CROSSINGS AT
CARLSBAD WEST VIEW LOT 9 (PARCELS A AND B).
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WHEREAS, the City of Carlsbad and the Carlsbad Municipal Water District (CMWD) own
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considerable real estate within the city, and
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WHEREAS, due to the size and value ofthe real property portfolio and the changing uses
11 of such, the agencies have identified underutilized assets in an effort to increase their utility to
12 the City of Carlsbad and CMWD, and
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WHEREAS, in August 2012, staff presented to a joint meeting ofthe City of Carlsbad City
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Council and the Carlsbad Municipal Water District Board of Directors a group of underutilized
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properties for their consideration and direction, and
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WHEREAS, included in these properties was a parcel referred to as the Crossings at
18 Carlsbad West View Lot 9 (Lot 9), and
19 WHEREAS, Lot 9 is a combination of two adjacent parcels: Parcel A, one 2.7 acre lot
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owned by the City of Carlsbad and Parcel B, a second 0.45 acre lot owned by the CMWD, and
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WHEREAS, the City of Carlsbad and the Carlsbad Municipal Water District are member
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agencies of the Carlsbad Public Financing Authority, which was created on April 1, 2000 to
24 finance and manage the costs of acquisition, construction and improvement of the Carlsbad
25 Municipal Golf Course adjacent to Lot 9, and
WHEREAS, city staff proposes issuance of a request for proposals by the Carlsbad Public
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Financing Authority, a Joint Powers Authority formed by the City of Carlsbad and CMWD, to
1 solicit responses from parties interested in developing Lot 9 under a long term ground lease,
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and
WHEREAS, the Carlsbad Public Financing Authority will evaluate the responses to the
request for proposals and make a recommendation to both member agencies, and
WHEREAS, the City of Carlsbad will serve as the lease manager, and
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7 WHEREAS, the potential lease revenue generated from use ofthe combined Lot 9 will be
8 apportioned between the City of Carlsbad and CMWD based on a per square foot ownership
^ ratio basis with any applicable taxes or fees associated with the development of the site
collected and used by the appropriate taxing authority.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Carlsbad Public
Financing Authority, California, as follows:
14 1. The above recitations are true and correct.
15 2. The Carlsbad Public Financing Authority is authorized by the City of Carlsbad to
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20 Lot 9 (Parcel B).
21 4. The Carlsbad Public Financing Authority is authorized by the City of Carlsbad and
the Carlsbad Municipal Water District to evaluate and make recommendations to
the City Council of the City of Carlsbad and the Board of Directors of the Carlsbad
Municipal Water District regarding proposals submitted for Lot 9 (Parcels A and B).
issue a request for proposals soliciting development proposals for Lot 9 (Parcel A).
3. The Carlsbad Public Financing Authority is authorized by the Carlsbad Municipal
Water District to issue a request for proposals soliciting development proposals for
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1 5. The Carlsbad Public Financing Authority designates the City of Carlsbad as the
2 member which will administer and manage the lease of Lot 9 and to distribute any
lease revenue generated from the long-term lease of Lot 9 on a per square foot
ownership ratio basis with any applicable taxes or fees associated with the
development ofthe site collected and used by the appropriate taxing authority.
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PASSED, APPROVED AND ADOPTED at a Joint Special Meeting of the Carlsbad Public
Financing Authority, Carlsbad City Council, and Carlsbad Municipal Water District Board of
Directors held on the 7*'' day of May 2013, by the following vote to wit:
AYES:
NOES:
Board Members Hall, Packard, Wood, Blackburn.
None.
ABSENT: Board Member Douglas.
ATTEST: