HomeMy WebLinkAbout1997-072
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RESOLUTION NO.
97-72
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RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY
OF SAN BERNARDINO, CALIFORNIA, APPROVING THE TRANSFER
OF THE GLEN AIRE MOBILEHOME PARK FROM THE REDEVELOPMENT
AGENCY OF THE CITY OF SAN BERNARDINO TO THE GLEN AIRE
MOBILEHOME PARK CORPORATION
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WHEREAS, the City of San Bernardino is a municipal
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corporation and charter city (the "City"), duly organized and
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existing under and pursuant to the provisions of the Constitution
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of the State of California; and
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WHEREAS, the Redevelopment Agency of the City of San
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Bernardino (the "Agency") is a public body, corporate and
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politic, duly created and existing pursuant to the Community
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Redevelopment Law (Part 1 of Division 24, commencing witn Section
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33000) of the Health and Safety Code of the State of California
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(the "Community Redevelopment Law"); and
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WHEREAS, the Agency has established the Mobilehome Park
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Conversion Program
(the "Program")
in order to promote
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redevelopment within the City by converting ownership of
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privately owned mobilehome parks within the City to ownership by
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nonprofit corporations in order to increase the availability of
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low- and moderate-income housing; and
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WHEREAS, in accordance with the Program, the Agency
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acquired a mobilehome park located at 222 South Rancho Avenue,
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San Bernardino, California, commonly known as the Glen Aire
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Mobilehome Park (the "Park") on December 19, 1995, with:
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(i) Agency funds; (ii) proceeds of duly approved bond issuances
of the San Bernardino Joint Powers Financing Authority ("Bonds");
(iii) issuance of certain secured promissory notes; and (iv)
certain grants of funds received pursuant to the federally funded
HOME Investment Partnerships Program, 24 CFR Part 92 ("HOME
Funds"); and
WHEREAS, the Agency now desires to sell the Park to
the Glen Aire Mobilehome Park Corporation, a California nonprofit
corporation and qualified 503(c) (3) corporation (the
"Corporation"), in accordance with the Program at an estimated
sale price of Three Million Six Hundred Fifty-Six Thousand One
Hundred Twenty-Five Dollars ($3,656,125); and
WHEREAS, the contemplated conveyance of the Park by the
Agency to the Corporation has been proposed at a sale price of
approximately Three Million six Hundred Fifty six Thousand One
Hundred Twenty Five Dollars ($3,656,125) which has been
calculated based upon a formula of: (i) Bond and subordinate debt
assumed; plus (ii) Agency unreimbursed expenses; plus (iii)
unpaid Mobilehome Park Conversion Consultant fees; and
WHEREAS, the Mayor and Common Council have duly noticed
and conducted a public hearing in accordance with the
requirements of Health and Safety Code Section 33431 regarding
the sale of the Park to the Corporation; and
WHEREAS, the Mayor and Common Council have considered
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97-72
the terms of the transaction as contemplated herein and, in the
public interests of the City, desire at this time to approve the
terms of said transaction and related documents necessary
therefor.
NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE
CITY OF SAN BERNARDINO, CALIFORNIA, DOES HEREBY RESOLVE,
DETERMINE AND ORDER AS FOLLOWS:
are
SECTION 1.
true and correct
Recitals. The Recitals contained herein
and are incorporated herein by this
reference.
SECTION 2. Determinations. The Mayor and Common
Council hereby find and determine that the transfer of legal
title of the Park to the Corporation will result in significant
public benefits, by enabling the Agency to increase the
availability of low- and moderate-income housing within the City.
SECTION 3. Public Hearing. Testimonv and Comments.
The City has held a public hearing in accordance with the
provisions of Health and Safety Code Section 33431, and has
considered all testimony and comments submitted in connection
with the transfer of title to the Corporation.
SECTION 4. Approval of Sale. The Mayor and Common
Council, after consideration of comments received at the public
hearing, hereby authorize and approve the sale of the Park to the
Corporation in furtherance of the Agency's Program for the
purpose of increasing low- and moderate-income housing within the
City at an estimated sale price of Three Million Six Hundred
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Fifty-Six Thousand One Hundred Twenty-Five Dollars ($3,656,125)
which has been calculated based upon a formula of: (i) Bond and
subordinate debt assumed; plus (ii) Agency unreimbursed expenses;
plus (iii) unpaid Mobilehome Park Conversion Consultant fees.
Payment of the above sum is based upon final determination and
assumption by the Corporation of the existing bond indebtedness,
reimbursed expenses and other obligations as set forth above.
SECTION 5. Official Action. The Mayor and Common
Council, City Administrator, City Treasurer, City Clerk, and any
and all other officers of the City are hereby authorized and
directed, for and in the name and on behalf of the City, to do
any and all things and to take any and all actions, including
execution and delivery of any and all assignments, certificates,
requisitions, agreements, notices, consents, warrants and other
documents which they, or any of them, may deem necessary or
advisable in connection with the transfer of legal title of the
Park from the Agency to the Corporation.
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RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO, CALIFORNIA, APPROVING THE TRANSFER OF THE
GLEN AIRE MOBILEHOME PARK FROM THE REDEVELOPMENT AGENCY OF
THE CITY OF SAN BERNARDINO TO THE GLEN AIRE MOBILEHOME PARK
CORPORATION
SECTION 6.
Effective Date.
The findings and
determinations herein shall be final and conclusive.
This
Resolution shall take effect upon the date of its adoption.
I HEREBY CERTIFY that the foregoing Resolution was duly
adopted by the Mayor and Common Council of the City of
San Bernardino at a
joint regu1armeeting thereof, held on the
3rd day of March, 1997, by the following vote, to wit:
Council Members:
NEGRETE
CURLIN
ARIAS
OBERHELMAN
DEVLIN
ANDERSON
MILLER
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ABSTAIN
ABSENT
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Ao.AWIM:0ff/J rU11CU
Deputy City Clerk
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The foregoing resolution is hereby approved this
day of March, 1997.
~1 )(~
Mayor of the City of
San Bernardino
Approved as to form and legal content:
JAMES F. PENMAN
City Attorney
By:
SBEO\0124\GA\DOC\246
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