City Council

Item 111: Exclusive Negotiation Agreement (7th and Market Street) Between the City of San\nDiego and Chelsea Investment Corporation.\nTotal Estimated Cost of Proposed Action and Funding Source:\nThere are no direct fiscal considerations associated with the proposed actions.\nCouncil District(s) Affected: 3.\nProposed Actions:\n(R-2024-572)\nResolution of the Council of the City of San Diego approving an Exclusive Negotiation\nAgreement with Chelsea Investment Corporation for the proposed disposition and\ndevelopment of real property generally located at 7th Avenue and Market Street, in the\nEast Village Neighborhood of Downtown San Diego and related actions.\nCommittee Actions Taken:\nThis item was heard at the Economic Development and Intergovernmental Relations\nCommittee meeting on May 22, 2024.\nACTION: Motion by Committee Member Campbell, second by Vice Chair Lee, to\nrecommend Council approval of staff’s proposed actions.\nVOTE: 4-0; Campillo-yea, Campbell-yea, Foster III-yea, Lee-yea.\nEconomic Development: Christina Bibler, (619) 236-6421\nCity Attorney Contact: Kate Malcolm