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RESOLUTION NO. 2015-282 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING THE ADVANCE DEPOSIT AND REIMBURSEMENT AGREEMENT FOR COMMUNITY FACILITIES DISTRICT NO. 16-I (MILLENIA) BETWEEN THE CITY AND SLF IV-MILLENIA, LLC AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE AGREEMENT ON BEHALF OF THE CITY
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RECOMMENDED ACTION
Recommended Action
Council adopt the resolution.
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SUMMARY
SLF IV-Millenia, LLC is the owner of the property within the Eastern Urban Core of the City commonly referred to as Millenia and assignee to McMillin Otay Ranch LLC under the Development Agreement by and between the City of Chula Vista and McMillin Otay Ranch LLC pertaining to the development of Millenia. SLF IV-Millenia, LLC intends to submit a request and application to the City that the City undertake proceedings to establish a community facilities district to finance the acquisition or construction of certain public improvements in connection with the Millenia Project.
ENVIRONMENTAL REVIEW
The Development Services Director has reviewed the proposed activity for compliance with the California Environmental Quality Act (CEQA) and has determined that the activity is not a "Project" in accordance with Section 15378(b)(5) of the State CEQA Guidelines because the District is a financing district that will not result in a direct or indirect physical change in the environmental; therefore, pursuant to Section 15060(c)(3) of the State CEQA Guidelines the activity is not subject to CEQA. Thus, no environmental review is required.
BOARD/COMMISSION RECOMMENDATION
Not Applicable
DISCUSSION
SLF IV-Millenia, LLC ("Applicant") is the owner of that property within the Eastern Urban Core ("EUC") of the City commonly referred to as Millenia and assignee to McMillin Otay Ranch LLC ("McMillin") under the Development Agreement by and between the City of Chula Vista (the "City") and McMillin (the "Development Agreement") pertaining to the development of Millen...
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