DATE: April 11, 2023
SUBJECT:
Title
CHULA VISTA BAYFRONT
A. ORDINANCE GRANTING A SIXTY-SIX (66) YEAR EASEMENT, IN SUBSTANTIAL FORM, TO SAN DIEGO GAS & ELECTRIC FOR THE CONSTRUCTION, OPERATION AND MAINTENANCE OF UNDERGROUND ELECTRICAL FACILITIES IN CONNECTION WITH PHASE 1A OF THE CHULA VISTA BAYFRONT PROJECT IN THE CITY OF CHULA VISTA, CALIFORNIA; AND
B. ORDINANCE GRANTING A FIFTEEN (15) YEAR EASEMENT, IN SUBSTANTIAL FORM, TO SAN DIEGO GAS & ELECTRIC FOR THE CONSTRUCTION, OPERATION AND MAINTENANCE OF UNDERGROUND ELECTRICAL FACILITIES IN CONNECTION WITH PHASE 1A OF THE CHULA VISTA BAYFRONT PROJECT IN THE CITY OF CHULA VISTA, CALIFORNIA
Body
EXECUTIVE SUMMARY:
The Board of Port Commissioners ("Board") previously approved a Ground Lease between the San Diego Unified Port District ("District") and RIDA Chula Vista, LLC ("RIDA") and subsequently a Project Implementation Agreement among RIDA, the District, the City of Chula Vista, and the Chula Vista Bayfront Facilities Financing Authority at the May and June 2021 Board meetings, respectively. These agreements, among others, are to allow the construction of the following improvements within the Harbor District of the Chula Vista Bayfront (collectively, the "Project"): (i) a single-branded resort hotel with approximately 1,600 rooms ("Resort Hotel"); (ii) a convention center consisting of approximately 275,000 net usable square feet of associated meeting space ("Convention Center"); and (iii) surrounding streets and infrastructure improvements ("Phase IA Improvements").
A sixty-six (66) year easement (the "Harbor District Easement") (Attachment A - Form of Proposed Harbor District Easement) and a fifteen (15) year easement (the "Bayside Park Easement") (Attachment B - Form of Proposed Bayside Park Easement) (collectively, the "Easements") between the District and San Diego Gas & Electric Company ("SDG&E") are needed to facilitate the construction and maintenance of gas and electrical facilities in the Chula Vist...
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