HomeMy WebLinkAbout1997-225
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RESOLUTION NO.
97-225
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 SAN BERNARDINO MOBILEHOME PARK CORPORATION
WHEREAS, the City of San Bernardino is a municipal
7 corporation and charter city (the "City") duly organized and
8 existing pursuant to the Constitution and laws of the State of
9 California; and
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WHEREAS, the Redevelopment Agency of the City of San
12 Bernardino (the "Agency") is a public body, corporate and
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politic, duly created and existing pursuant to the Community
Redevelopment Law (California Health and Safety Code Section
33000, et ~.) (the "Act"); and
WHEREAS, the Mobilehome Park Conversion Program (the
"Program") was established by the Agency in December 1993, to
increase the availability of housing within the City to low- and
moderate-income persons by causing the transfer of certain
22 mobilehome parks located within the City from private owners to
23 the California nonprofit corporations formed for each mobilehome
24 park; and
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WHEREAS, pursuant to the Program, The San Bernardino
27 Mobilehome Park Corporation (the "Corporation") was formed as a
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California nonprofit corporation to oversee the operations and
management of the individual California nonprofit corporations
formed for each mobilehome park; and
WHEREAS, in accordance with the Program, on December
19, 1995, the Agency acquired a mobilehome park commonly known as
the Pacific Palms Mobilehome Park located at 2727 East Pacific
Street in San Bernardino, California (the "Park"); and
WHEREAS, the Park was financed by the Agency with: (i)
proceeds of the $3,375,000 San Bernardino Joint Powers Financing
Authority, Multifamily Housing Revenue Bonds (Pacific Palms
Mobilehome Park Project) Series 1995 (the "Bonds") and (ii) funds
received pursuant to the HOME Investment Partnerships Program
("HOME Funds") established under the HOME Investment Partnerships
Act (42 USC Section 12701, et ~); and
WHEREAS, the Agency desires, at this time, to transfer
the Park to the Corporation at an estimated transfer price of
Four Million One Hundred Eighty-One Thousand Seventy-Seven
Dollars ($4,181,077.00); and
WHEREAS, the final transfer price of the Park will be
based upon the following formula: (i) Bond and subordinate debt
assumed by the Agency, plus (ii) expenses incurred by the Agency
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during the Agency's ownership of the Park (the "Unreimbursed
Expenses"), plus (iii) unpaid fees to Brooks M. London (the
"Conversion Consultant"); and
WHEREAS, the Mayor and Common Council have duly noticed
and conducted a public hearing in accordance with the
requirements of California Health and Safety Code Section 33431
regarding the transfer of the Park to the Corporation; and
WHEREAS, the Mayor and Common Council have considered
the terms of the transfer of the Park as contemplated herein and,
in the public interests of the City, desire, at this time, to
approve the terms of said transfer and the related documents
necessary to effectuate the transfer of the Park to the
Corporation.
NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE
CITY OF SAN BERNARDINO, CALIFORNIA, DOES HEREBY RESOLVE,
DETERMINE AND ORDER AS FOLLOWS:
SECTION 1.
Recitals. The Recitals contained herein
and are incorporated herein by this
are true and correct
reference.
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SECTION 2. Determinations. The Mayor and Common
Council hereby find and determine that the transfer of title to
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 Hearina. 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 from
the Agency to the Corporation.
SECTION 4. Approval of Transfer. After
considera tion of comments received at the public hearing, the
Mayor and Common Council hereby authorize and approve the
transfer 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. The estimated transfer price is
Four Million One Hundred Eighty-One Thousand Seventy-Seven
Dollars ($4,181,077.00). Payment of the above sum is based upon
final determination and assumption by the Corporation of the
existing Bond indebtedness, Unreimbursed Expenses and other
obligations as set forth above.
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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 of 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 deemed necessary or advisable to transfer title to the
Park from the Agency to the Corporation.
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97-225
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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 SAN BERNARDINO MOBILEHOME PARK
CORPORATION
SECTION 6.
Effective Date.
The findings and
determinations herein shall be final and conclusive.
This
Resolution shall take effect from and after the date of its
passage and adoption.
I HEREBY CERTIFY that the foregoing Resolution was duly
10 adopted by the Mayor and Common Council of the City of
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San Bernardino at a
joint regular
meeting
12 thereof, held on the
21st day of July, 1997, by the following
13 vote, to wit:
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26 By:
ABSENT
NAYS
ABSTAIN
Council Members:
NEGRETE
CURLIN
ARIAS
OBERHELMAN
DEVLIN
ANDERSON
MILLER
AYES
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y
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x
J ' II" '
"'-C.A'I..C L LA_k 'c I'~
City Clerk
is hereby approved this ~3;'..L
The foregoing resolution
day of July, 1997.
~,)1{{~,
Mayor of the Clty of
San Bernardino
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SBEO\0124\PP\DOC\254
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