Cities Index.
Item 5.9 - State Library Grants (Consent).pdf

Chula Vista City Council
March 7, 2023

Document
Item 5.9 - State Library Grants (Consent).pdf
Meeting
March 7, 2023
Body
Chula Vista City Council
Original file
5.9 MB
Text extracted from the city's file for reading and search. Open the original on pub-chulavista.escribemeetings.com. That file is the official record.

Library Grants
$5M Award
AB 179 (SEC 207. Section 19.56, Chapter 249,Statutes of 2022)

$5,000,000 to the City of Chula Vista for
the land and entitlement costs for new
library

Using $5M towards the $11M land
purchase price

Dispersal of funds: 50%-40%-10%

Proposed end date: 12/31/26

$25M Award
AB 179 (SEC 207. Section 19.56, Chapter 249,Statutes of 2022)

$25,000,000 to the City of Chula Vista
for the Cinematic Arts Library

Using $25M towards construction of the
Library Building's warm shell ($38M
estimated for warm shell)

Dispersal of funds: 50%-40%-10%

Proposed end date: 12/31/26

Notice of Unrecorded Grant
Agreement (NUGA)

Exhibit to Grant Agreements

State-required 10-year restrictive
covenant commencing upon close of
escrow (project completion)

California State Library Targeted State Grant Program
CHULA VISTA ECONOMIC DEVELOPMENT MARCH 2023

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