HomeMy WebLinkAbout1997-073
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RESOLUTION NO. 97-73
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RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY
OF SAN BERNARDINO, CALIFORNIA, APPROVING THE TRANSFER
OF THE PACIFIC PALMS MOBILEHOME PARK FROM THE
REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO TO
THE PACIFIC PALMS 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 with 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 2727 East Pacific Street,
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Highland, California, commonly known as the Pacific Palms
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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 and issued bonds
of the San Bernardino Joint Powers Financing Authority ("Bonds");
(iii) issuance of a secured promissory note; and (iv) certain
grant 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 Pacific Palms 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 Four Million Sixty-Six Thousand Two Dollars
($4,066,002); and
WHEREAS, the contemplated conveyance of the Park by the
Agency to the Corporation has been proposed at a sales price of
approximately Four Million Sixty six Thousand Two Dollars
($4,066,002) 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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97-73
1 the terms of the transaction as contemplated herein and, in the
2 public interests of the City, desire at this time to approve the
3 terms of said transaction and related documents necessary
4 therefor.
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6 NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE
7 CITY OF SAN BERNARDINO, CALIFORNIA, DOES HEREBY RESOLVE,
8 DETERMINE AND ORDER AS FOLLOWS:
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10 SECTION 1. Recitals. The Recitals contained herein
11 are true and correct and are incorporated herein by this
12 reference.
13 SECTION 2. Determinations. The Mayor and Common
14 Council hereby find and determine that the transfer of legal
15 title of the Park to the Corporation will result in significant
16 public benefits, by enabling the Agency to increase the
17 availability of low- and moderate-income housing within the City.
18 SECTION 3. Public Hearina. Testimony and Comments.
19 The City has held a public hearing in accordance with the
20 provisions of Health and Safety Code Section 33431, and has
21 considered all testimony and comments submitted in connection
22 with the transfer of title to the Corporation.
23 SECTION 4. Approval of Sale. The Mayor and Common
24 Council, after consideration of comments received at the public
25 hearing, hereby authorize and approve the sale of the Park to the
26 Corporation in furtherance of the Agency's Program for the
27 purpose of increasing low- and moderate-income housing within the
28 City at an estimated sale price of Four Million Sixty-Six
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97-73
Thousand Two Dollars ($4,066,002) 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 Actions. 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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97-73
RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO, CALIFORNIA, APPROVING THE TRANSFER OF THE
PACIFIC PALMS MOBILEHOME PARK FROM THE REDEVELOPMENT AGENCY
OF THE CITY OF SAN BERNARDINO TO THE PACIFIC PALMS
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 regular
meeting 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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~YJ11dMiV
Deputy City Clerk
The foregoing resolution is hereby approved this ~
day of March, 1997. -
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Mayor of the City of
San Bernardino
Approved as to form and legal content:
JAMES F. PENMAN
City Attorney
By:
SBEO\0124\pp\nOC\251
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