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HomeMy WebLinkAbout1986-015 ~.J , . . 1 RESOLUTION NO. 86-15 2 RESOLUTION OF THE CITY OF SAN BERNARDINO APPROVING THE SALE OF THAT CERTAIN PARCEL OF PROPERTY IDENTIFIED AS APN 139-17-3-15, 3 LOCATED AT 972 NORTH MT. VERNON AVENUE, BY THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO TO THE 4 HISPANIC CHAMBER OF COMMERCE. 5 BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY OF 6 SAN BERNARDINO AS FOLLOWS: 7 SECTION 1. Recitals. 8 A. The Community Development Commission of the City of San 9 Bernardino ("Commission") proposes to sell to the Hispanic Chamber 10 of Commerce ("Developer"), that certain parcel of property 11 identified as APN 139-17-3-15 located at 972 North Mt. Vernon 12 Avenue, which parcel is legally described as Lot 4 of Talley 13 Subdivision, as per plat thereof recorded in the Office of the 14 County Recorder, San Bernardino County, California, for the sum of 15 $1.00 which will be paid by the Developer in cash. 16 B. Notice of the time and place of hearing has been given as 17 required by law. 18 C. The Commission has made available for public inspection 19 and copying a summary of financial aspects of the proposed sale. 20 D. The summary of financial aspects represents that the fair 21 market value of the interest to be conveyed by Commission, 22 determined at the highest use permitted for such property, is 23 $91,500.00. 24 E. All hearings have been held as required by Health and 25 Safety Code Section 33433. 26 SECTION 2. Determination. Based upon the representations of 27 Commission, it is found and declared that the consideration for 28 the real property described above, in accordance with covenants f1> , 1 and conditions governing the sale, is less than the fair market 2 value of the property determined at the highest use permittted for 3 such property. Such lesser consideration is necessary in order 4 for Developer, a nonprofit corporation, to rehabilitate an office 5 building wherein economic development to hispanic and female-owned 6 businesses will be provided. 7 SECTION 3. Approval. The Mayor and Common Council of the 8 City of San Bernardino hereby approve the sale of said property 9 upon the terms and conditions set forth in this resolution and the 10 summary of financial aspects. 11 I HEREBY CERTIFY that the foregoing resolution was duly 12 adopted by the Mayor and Common Council of the City of San 13 Bernardino at a reqular meeting thereof, held on 14 the 21st day of Januarv , 1986, by the following vote, 15 to wit: AYES: Council Members Estrada, Reilly, Hernandez, 16 17 18 19 20 21 22 Marks, Quiel, Frazier, Strickler NAYS: None ABSENT: None The foregoing resolution 23 of 24 25 1~n119r:/ , 1986. Approved as to form: 26 27 28 /~f.i'tV~6:~/ / City Clerk is he.,eby approved this ...7....,.,4:/ day ~ Zv{J(e-o/' Mayor of the City of San Bernardino -2-