HomeMy WebLinkAbout1994-371
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RESOLUTION NO. 94-371
RESOLUTION OF THE MAYOR AND COMMON COUNCIL
OF THE CITY OF SAN BERNARDINO, CALIFORNIA,
APPROVING A CERTAIN DISPOSITION AND
DEVELOPMENT AGREEMENT BY AND BETWEEN THE
REDEVELOPMENT AGENCY OF THE CITY OF SAN
BERNARDINO AND UNIVERSITY SERVICE CENTER,
LTD. (PRIME LINE PROJECT)
WHEREAS, the City of San Bernardino, California (the
"City") is a municipal corporation and a charter city duly
created and existing pursuant to the Constitution and the laws of
the State of California; and
WHEREAS, the Community Development Commission of the
City of San Bernardino (the "Commission"), on behalf of the
Redevelopment Agency of the City of San Bernardino (the
"Agency"), is a redevelopment agency, a public body, corporate
and politic of the State of California, organized and existing
pursuant to the Community Redevelopment Law (Part 1 of
Division 24) commencing with Section 33000 of the Health and
Safety Code of the State of California (the "Act"); and
WHEREAS,
University
Service
Ltd.
(the
Center,
"Developer") is a California limited partnership organized and
existing by and pursuant to the laws of the State of California;
and
WHEREAS, the City has previously approved and adopted
Redevelopment Plans for the Northwest Project Area and the State
College project Area (collectively hereinafter referred to as the
"Redevelopment Plans"); and
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, 94-371
WHEREAS, the Agency is in the process of acquiring a
certain parcel of land as further described on Exhibit "A" hereto
(the "Property"), which is located in close proximity to both of
the Project Areas subject to the Redevelopment Plans; and
WHEREAS, the Developer has indicated that it desires to
purchase said Property from the Agency in order to cause the
development thereon of an industrial/manufacturing facility to be
occupied by Prime Line Products; and
WHEREAS, the City deems that the sale to and occupancy
of the Property by the Developer will be of benefit to the Agency
and the City by causing the generation of tax revenues and job
opportunities; and
WHEREAS, the City at this time deems it desirable to
approve the sale of the Property by the Agency to the Developer
and to enter into a certain Disposition and Development Agreement
by and between the Agency and the Developer, the form of which is
attached hereto as Exhibit "B" and incorporated herein by this
reference which shall set forth the terms of the Agency's
disposition of the Property; and
WHEREAS, the Disposition and Development Agreement will
provide that the Agency will assist in the Developer's
acquisition of the Property by providing for certain write down
assistance to cover certain development costs of the Developer,
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94-371
and to provide such other assistance all as more fully described
in the Disposition and Development Agreement.
NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE
CITY OF SAN BERNARDINO, CALIFORNIA, DO HEREBY FIND, 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, having held a duly noticed
public hearing with the Agency in accordance with Health and
Safety Code Section 33431 and 33433, hereby finds and determines
that the sale of the Property to the Developer is of benefit to
the Agency and the City and will also will promote redevelopment
within the Project Areas of the Agency.
Section 3. The City hereby approves the form of the
Disposition and Development Agreement, a copy of which is
attached hereto as Exhibit "B" and incorporated herein by this
reference.
Section 4. The City hereby approves the sale of the
Property by the Agency to the Developer at a purchase price equal
to One Dollar ($1.00) per square foot and the funding by the
Agency of certain City Permit fees and closing costs in the
amount not to exceed Seventy Eight Thousand Dollars ($78,000) and
the provision of certain Agency assistance in the funding of
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94-371
required infrastructure items in an amount not to exceed One
Hundred Eighty Thousand Dollars ($180,000).
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94-371
RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN
BERNARDINO, CALIFORNIA, APPROVING A CERTAIN DISPOSITION AND
DEVELOPMENT AGREEMENT BY AND BETWEEN THE REDEVELOPMENT AGENCY OF
THE CITY OF SAN BERNARDINO AND UNIVERSITY SERVICE CENTER, LTD.
(PRIME LINE PROJECT)
Section 5.
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
regular
meeting
thereof, held on the
5th day of
December
1994, by the following vote, to wit:
AYES:
Council Members
Negrete, Curlin, Hernandez,
Oberhelman, Devlin, Pope-Ludlam,
and Miller
NAYS:
ABSENT:
~~e~
The foregoing resolution is hereby approved this
6th
day of December 1994.
~~u~
Mayor 0 the City of
San Bernardino
Approved as to form and legal content:
BY~~)
Ci Attorney
SBEO\OOOl\DQC\1075
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94-371
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EXHIBIT "A"
DESCRIPTION OF PROPERTY
94-371
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EXHIBIT "B"
DISPOSITION AND DEVELOPMENT AGREEMENT