HomeMy WebLinkAbout1997-227
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RESOLUTION NO.
91-227
RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY
OF SAN BERNARDINO, CALIFORNIA, APPROVING THE TRANSFER
OF TROPICANA MOBILE ESTATES 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
corporation and charter city (the "City") duly organized and
existing pursuant to the Constitution and laws of the State of
California; and
11 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
mobilehome parks located within the City from private owners to
the California nonprofit corporations formed for each mobilehome
park; and
26 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 June 6,
1995, the Agency acquired a mobilehome park commonly known as
Tropicana Mobile Estates located at 721 E. 9th Street in San
Bernardino, California (the "Park"); and
WHEREAS, the Park was financed by the Agency with: (i)
proceeds of the $3,175,000 San Bernardino Joint Powers Financing
Authority Multifamily Housing Revenue Bonds (Tropicana Mobile
Estates Project) Series 1995A and the $100,000 San Bernardino
Joint Powers Financing Authority Subordinate Multifamily Housing
Revenue Bond (Tropicana Mobile Estates Project) Series 1995B
(collectively, 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
Three Million Seven Hundred Fifty-Three Thousand Seven Hundred
Seventy-Five Dollars ($3,753,775.00); and
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WHEREAS, the final transfer price of the Park will be
based upon the following formula: (i) Bond debt assumed by the
Agency, plus (ii) expenses incurred by the Agency 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:
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SECTION 1.
Recitals. The Recitals contained herein
and are incorporated herein by this
are true and correct
reference.
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
consideration 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
Three Million Seven Hundred Fifty-Three Thousand Seven Hundred
Seventy-Five Dollars ($3,753,775.00). Payment of the above sum
is based upon final determination and assumption by the
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Corporation of the existing Bond indebtedness, Unreimbursed
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 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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97-227
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RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN
BERNARDINO, CALIFORNIA, APPROVING THE TRANSFER OF TROPICANA
MOBILE ESTATES FROM THE REDEVELOPMENT AGENCY OF THE CITY OF SAN
BERNARDINO TO THE SAN BERNARDINO MOBILEHOME PARK CORPORATION
SECTION 6.
Effective Date.
The findings and
5 determinations herein shall be final and conclusive.
This
6 Resolution shall take effect from and after the date of its
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passage and adoption.
I HEREBY CERTIFY that the foregoing Resolution was duly
adopted by the Mayor and Common Council of the City of
joint regular
meeting
San Bernardino at a
thereof, held on the 21st day of July, 1997, by the following
vote, to wit:
ABSENT
NAYS
ABSTAIN
AYES
x
x
x
x
Council Members:
NEGRETE
CURLIN
ARIAS
OBERHELMAN
DEVLIN
ANDERSON
MILLER
x
x
x
.Vt~~ ~fe~'k (iCk't. ~.
0/(
The foregoing resolution is hereby approved this vi-"
day of July, 1997.
~~.
Mayor of the City of
San Bernardino
By:
27 SBEO\0124 \TROP\DOC\234
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