city of Chula Vista

File #: 17-0215    Name: RIDA LOI
Type: Action Item Status: Passed
In control: City Council
On agenda: 6/20/2017 Final action: 6/20/2017
Title: RESOLUTION NO. 2017-104 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING A NON-BINDING LETTER OF INTENT (LOI) BETWEEN THE CITY, THE SAN DIEGO UNIFIED PORT DISTRICT, AND RIDA CHULA VISTA, LLC, FOR DEVELOPMENT OF A HOTEL AND CONVENTION CENTER PROJECT WITHIN THE CHULA VISTA BAYFRONT
Attachments: 1. Item 1 - Attachment 1, 2. Item 1 - Resolution, 3. Item 1 - Presentation
Title
RESOLUTION NO. 2017-104 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING A NON-BINDING LETTER OF INTENT (LOI) BETWEEN THE CITY, THE SAN DIEGO UNIFIED PORT DISTRICT, AND RIDA CHULA VISTA, LLC, FOR DEVELOPMENT OF A HOTEL AND CONVENTION CENTER PROJECT WITHIN THE CHULA VISTA BAYFRONT

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RECOMMENDED ACTION
Recommended Action
Council adopt the resolution.

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SUMMARY
On May 14, 2014, the San Diego Unified Port District's 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. 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 hotel and convention center. Since that time, Port and City staff have worked diligently to negotiate final deal terms. Tonight's action, approving a non-binding Letter of Intent, represents the next step in the process of developing a destination resort hotel and convention center project on the Chula Vista Bayfront.

ENVIRONMENTAL REVIEW

Environmental Notice
Environmental Notice
The Project was adequately covered in previously adopted Environmental Impact Report UPD# 83356- EIR- 65B/ SCH# 20005081077.

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Environmental Determination
The Development Services Director has reviewed the proposed activity for compliance with the California Environmental Quality Act (CEQA) and has determined that the activity was covered in previously adopted Environmental Impact Report UPD#83356-EIR-65B/SCH#2005081077. The Development Services Director has also reviewed the proposed activity for additional compliance with CEQA and has determined that there is no possibility that the activity may have a significant effect on the environment; therefore, pursuant to Section 15061(b)(3) of the State CEQA Guidelines the activit...

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