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A. RESOLUTION NO. 2018-057 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING THE DISPOSITION AND DEVELOPMENT AGREEMENT BY AND AMONG THE SAN DIEGO UNIFIED PORT DISTRICT, THE CITY OF CHULA VISTA, AND RIDA CHULA VISTA, LLC, FOR A HOTEL-CONVENTION CENTER PROJECT (CHULA VISTA BAYFRONT MASTER PLAN PARCEL H-3) INCLUDING A CONCEPTUAL PLAN OF FINANCE, CONTINGENT UPON FINAL CONSIDERATION AND APPROVAL OF THE ASSOCIATED ECONOMIC DEVELOPMENT SUBSIDY TO RIDA CHULA VISTA, LLC
B. RESOLUTION NO. 2018-058 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING THE REVENUE SHARING AGREEMENT BY AND BETWEEN THE CITY OF CHULA VISTA AND THE SAN DIEGO UNIFIED PORT DISTRICT (CHULA VISTA BAYFRONT RESORT HOTEL AND CONVENTION CENTER AND RELATED INFRASTRUCTURE), CONTINGENT UPON FINAL CONSIDERATION AND APPROVAL OF THE ASSOCIATED ECONOMIC DEVELOPMENT SUBSIDY TO RIDA CHULA VISTA, LLC
C. RESOLUTION NO. 2018-059 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA ACCEPTING AN ECONOMIC DEVELOPMENT SUBSIDY REPORT REGARDING A HOTEL-CONVENTION CENTER PROJECT (CHULA VISTA BAYFRONT MASTER PLAN PARCEL H-3)
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RECOMMENDED ACTION
Recommended Action
Council open the public hearing for Port Board Action and Council consideration and then continue the public hearing to the Regular City Council Meeting on April 24, 2018, at 5:00 p.m., in the Council Chambers for Council's final action.
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SUMMARY
On May 14, 2014, the San Diego Unified Port District's (Port District) Board of Commissioners selected RIDA Development Corporation to enter negotiations to develop a large-scale destination resort and convention center on parcel H-3 of the Chula Vista Bayfront Master Plan (also known as the "CVBMP," "Chula Vista Bayfront" or "CVB"). On February 10, 2015, the Board of Port Commissioners approved an Exclusive Negotiating Agreement (ENA) with RIDA, establishing a timeline of deliverables during the term of the agreement, including programming the type and size of the hotel and convention center. ...
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