DATE: February 6, 2018
SUBJECT:
Title
RESOLUTION AUTHORIZING AGREEMENT FOR AMENDMENT OF EXCLUSIVE NEGOTIATING AGREEMENT AMENDMENT NO. 3 WITH RIDA CHULA VISTA, LLC TO EXTEND THE NEGOTIATING PERIOD TO AUGUST 16, 2018
Body
EXECUTIVE SUMMARY:
The Chula Vista Bayfront Master Plan1 (CVBMP), encompassing the area depicted in Attachments A and B, is the result of a decade-long joint planning effort by the San Diego Unified Port District (District), the City of Chula Vista (City), and a broad coalition of stakeholders. The master plan was collaboratively planned through an extensive public participation program that included over 100 community meetings and resulted in a comprehensive Environmental Impact Report and Port Master Plan Amendment, which was approved by the Board of Port Commissioners (Board) in May 2010 and certified by the California Coastal Commission in August 2012.
On May 6, 2014, the Board adopted a resolution authorizing the issuance of a Request for Qualifications (RFQ) to develop Phase 1 of the CVB, which includes developing a 1,400 to 1,600-room resort hotel and an approximate 400,000 SF convention center on the 36.5-acre waterfront parcel H-3 (RHCC) in the Chula Vista Bayfront (CVB). After considerable local, regional, national, and international marketing efforts by District staff, City staff, and consultants, RFQ 14-242 was issued on June 30, 2014. One response to the RFQ was received from RIDA Development Corporation, and on October 14, 2014, the Board selected RIDA Development Corporation as the successful respondent to the RFQ and authorized staff to negotiate an Exclusive Negotiating Agreement (ENA) with RIDA Development Corporation3.
On February 10, 2015, the District entered into the ENA with RIDA Chula Vista, LLC, a Delaware limited liability company (RIDA), the entity formed by RIDA Development Corporation for the development of the RHCC. Pursuant to the terms of the ENA, the District had the right to administratively extend the...
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