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A. RESOLUTION NO. 2018-063 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
B. RESOLUTION NO. 2018-064 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)
C. RESOLUTION NO. 2018-062 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING AN ECONOMIC DEVELOPMENT SUBSIDY TO RIDA CHULA VISTA, LLC, FOR A HOTEL-CONVENTION CENTER PROJECT (CHULA VISTA BAYFRONT MASTER PLAN PARCEL H-3) AND MAKING CERTAIN FINDINGS IN CONNECTION THEREWITH
(This item was continued from the City Council/San Diego Unified Port District Board Joint Meeting of April 24, 2018 at 2:00 p.m.)
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RECOMMENDED ACTION
Recommended Action
Council conduct the public hearing adopt the resolutions.
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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. On June 20, 2017, the Port District, RIDA, and the City entered into a non-binding Letter of Intent (LOI) that established basic business terms. Since that time, Port and City staff have worked diligently to negotiate final d...
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