HomeMy WebLinkAbout1999-031
See Also CDC 1999-4
See Also Resolution J-45
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RESOLUTION NO.1999-31
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RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE
CITY OF SAN BERNARDINO APPROVING SALE OF CERTAIN
PROPERTY LOCATED AT 701 NORTH "E" STREET
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WHEREAS, the City of San Bernardino ("City") is a
6 municipal corporation and charter city organized and existing
7 pursuant to the Constitution of the State of California; and
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WHEREAS, the Redevelopment Agency of the City of San
10 Bernardino (the "Agency") is a body duly created pursuant to the
11 provisions of Sections 33000, et ~. of the Health and Safety Code
12 of the State of California; and
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WHEREAS, the Agency currently owns certain property (the
15 "Property")
which is located at 701 North "E" Street San
16 Bernardino, California; and
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WHEREAS, the Property is in poor condition, needs
19 rehabilitation and currently requires substantial Agency funds to
20 maintain each month; and
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WHEREAS,
the Agency desires to convey the Property to
23 persons who will develop the Property; and
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WHEREAS, Hao-Shih Hsu, Yin-Pen Ko Hsu and Hsus World,
26 Inc., a California corporation ("Developers") have offered to
27 purchase the Property and redevelop it into a commercial office
28 building (the "Building"); and
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1999-31
1 WHEREAS, the Agency believes that Developers can
2 redevelop the Property and maintain the Building; and
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4 WHEREAS, the Agency deems it desirable to enter into a
5 Purchase and Sale Agreement (the "Agreement") with the Developer in
6 the form as on file with the Secretary of the Agency and
7 incorporated herein by this reference; and
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9 WHEREAS, the City and the Agency have held a duly noticed
10 public hearing in accordance with Sections 33431 and 33433 of the
11 California Health and Safety Code and the Agency has caused the
12 preparation of, and made available for public inspection, a report
13 including a summary of the transaction; and
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15 WHEREAS, the rehabilitation of the Building will help
16 eliminate blighting conditions in the Central City North
17 Redevelopment Project Area, will increase property values and will
18 result in the creation of additional employment opportunities; and
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20 WHEREAS, the Agreement, and the proposed development of
21 the Building is consistent with the Agency's redevelopment plan
22 for the Central City North Redevelopment Project Area; and
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24 WHEREAS, based upon the evidence and testimony submitted
25 to the City, the consideration paid for the Property is not less
26 than the fair reuse value of the Property at the use and with the
27 covenants and conditions and development costs required for the
28 Property; and
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1999-31
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WHEREAS, the City deems it reasonable and appropriate to
approve the Agreement at this time.
NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE CITY
OF SAN BERNARDINO, DO HEREBY RESOLVE, DETERMINE AND ORDER AS
FOLLOWS:
Section 1.
The foregoing Recitals are true and
correct and are incorporated herein by this reference.
Section 2.
The City hereby adopts the findings and
determinations as set forth herein and finds that the Agreement is
within the redevelopment goals and objectives of the Agency.
Section 3. The City, having held a duly noticed
public hearing in accordance with Health and Safety Code Sections
33431 and 33433, finds and determines that the disposition of the
Property to the Developer, pursuant to the Agreement, will be of
benefit to the Agency and the City and will also promote
redevelopment within the Central City North Redevelopment Project
Area of the Agency.
Section 4. The City hereby approves the form of the
Agreement on file with the Agency Secretary. The City further
authorizes the execution and delivery by the Mayor, City
Administrator and City Clerk of any and all other documents,
agreements, certificates, instruments of conveyance, consents and
notices which they may deem necessary or advisable to carry out the
transactions contemplated hereby.
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. 1999-31
1 RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO APPROVING SALE OF CERTAIN PROPERTY LOCATED AT 701
2 NORTH "E" STREET
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Section 5.
This Resolution shall take effect from and
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after its passage and adoption.
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I HEREBY CERTIFY that the foregoing Resolution was duly
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adopted by the Mayor and Common Council of the City of
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San Bernardino at a
joint regular
meeting thereof,
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held on the
15th
day of
February
, 1999, by the
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following vote, to wit:
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Council:
12 ESTRADA
LIEN
13 McGINNIS
SCHNETZ
14 DEVLIN
ANDERSON
15 MILLER
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day of
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AYES NAYS
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ABSTAIN
ABSENT
n .'
J\<</CjCL t
City... Clerk
(" . I
~C ,t'c //~ '
The foregoing resolution i.~ hereby approved thi.s i}fu
February 1999. .
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. /tC a~;J/
Judith Valles, Mayor
CitYiqf San Bernardino
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Approved as to form and legal content:
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'/.!
Attorney
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26 SBEO/OOOl-169/DOCI3427. WPD
1/26199 law
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