HomeMy WebLinkAbout2001-352
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RESOLUTION NO. 2001-352
RESOLUTION OF THE MAYOR AND COMMON COUNCIL
OF THE CITY OF SAN BERNARDINO, CALIFORNIA,
APPROVING CERTAIN ANNUAL TAX INCREMENT
PROPERTY TAX REVENUE DISTRIBUTIONS TO THE
INLAND VALLEY DEVELOPMENT AGENCY FOR THE
KOHL'S DEVELOPMENT PROJECT ON THE FORMER
NORTON AIR FORCE BASE
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WHEREAS, the Inland Valley Development Agency, a joint powers authority
formed pursuant to Government Code Section 6500 et seq. (the "IVDA"), has entered into a
certain Disposition and Development Agreement with Hillwood/San Bernardino, LLC,
providing for the purchase by Kohl's Corporation ("Kohl's") from the IVDA of approximately
sixty (60) acres of land located in the City of San Bernardino on the former Norton Air Force
Base within the Redevelopment Project Area of the IVDA (the "Project Area") and for the
redevelopment by Kohl's of said property as a manufacturing, assembly, commercial and/or
warehouse building, consisting of not less than 500,000 square feet of gross building area and
appropriate on-site vehicle circulation, parking, loading, landscaping and utility facilities (the
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"Project"); and
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WHEREAS, it is estimated that the Project, when completed, will generate a
substantial number of new jobs presently estimated to initially be 700 jobs and increasing to
1,100 upon full build-out; and
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WHEREAS, the City of San Bernardino (the "City") is a member of the IVDA
and has contributed a substantial portion of City territory located within the Project Area; and
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Whereas, pursuant to the Redevelopment Plan for the Project Area, the City
receives one-half of the amount of general property taxes that are generated by new
development within the Project Area; and
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Whereas, the City has previously taken action pursuant to Resolution No. 2001-
300 adopted on September 17,2001, to defer the timely payment of certain fees that otherwise
would have been paid with regard to the Project; and
Whereas, the IVDA on November 14, 2001, took official action to approve the
form of and authorize the execution of a certain tax increment reimbursement agreement by and
between the IVDA and Kohl's (the "Tax Increment Reimbursement Agreement") as presented
to the NDA at the Regular meeting held on said date; and
Whereas, as a further incentive to Kohl's locating the intended project within the
City, the City desires to make reimbursement payments to the NDA for that portion of the
increased property taxes that will be received by the City; and
Whereas, the City shall remit the required payments to the NDA in the manner,
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at the times, and subj ect to the limitations as further provided in this Resolution.
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NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE
CITY OF SAN BERNARDINO DO HEREBY RESOLVE, DETERMINE AND ORDER AS
FOLLOWS:
Section I. The Recitals set forth above are true and correct.
Section 2. The Mayor and Common Council hereby find and determine that
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development ofthe Project is in the best interests ofthe City.
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Section 3. The Mayor and Common Council hereby approve the annual
payment to the NDA of that amount of the real property taxes actually received by the City as
the proceeds of taxes pursuant to the provisions of the Redevelopment Plan to the extent that the
NDA was required to and has made a payment to Kohl's in accordance with the Tax Increment
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Reimbursement Agreement. The City shall remit such payment amounts as a reimbursement to
the IVDA within fifteen (IS) days after receipt of an invoice from the IVDA together with
copies of all worksheets, assessed value information and property tax receipt verification as
required by the City to determine the amount of the City reimbursement payment to the IVDA.
The obligations incurred by the City pursuant to this Resolution are intended to
reimburse the IVDA for the obligations incurred by the IVDA under the Tax Increment
Reimbursement Agreement and no amendment of said agreement shall in any manner increase
the financial responsibility ofthe City or accelerate any payments by the City unless specifically
approved by the City at its sole discretion.
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RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN
BERNARDINO, CALIFORNIA APPROVING CERTAIN ANNUAL TAX INCREMENT
PROPERTY TAX REVENUE DISTRIBUTIONS TO THE INLAND VALLEY
DEVELOPMENT AGENCY FOR THE KOHL'S DEVELOPMENT PROJECT ON THE
FORMER NORTON AIR FORCE BASE
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Section 4.
This Resolution shall take effect upon the date of its adoption.
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I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Mayor and
Common Council of the City of San Bernardino at a i oint regulanneeting thereof, held on the
19th day of November, 2001, by the following vote, to wit:
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Common Council
ESTRADA
LIEN
MCGINNIS
SCHNETZ
SUAREZ
ANDERSON
McCAMMACK
J[
AYES
X
J[
NAYS
ABSTAIN
ABSENT
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X
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~~~tU;&pu~
The foregoing Resolution is hereby approved this ~ day of November
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2001.
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Frank Schnetz, Mayor P Tem
City of San Bernardino
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Approved as to form
and legal content:
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20 James F. Penman
City Attorney
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STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO) ss
CITY OF SAN BERNARDINO )
I, City Clerk of the City of San Bernardino, DO
HEREBY CERTIFY that the foregomg and attached coPY of Mayor and Common Council of
the City of San Bernardino Resolution No. IS a full, true and correct copy of that
now on file in this office.
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IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official
seal of the City of San Bernardino this day of ,2001.
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CIty Clerk
of the City of San Bernardino
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