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HomeMy WebLinkAboutCDC/2000-11 See Companion Resolutions CDC 2000-12 & 2000-115 RESOLUTION NO. CDe 2000-11 2 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO AUTHORIZING THE CHAIR OF THE 3 COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO TO EXECUTE AMENDMENT NO. 1 TO THE 4 REDEVELOPMENT PLANNING AND PARTICIPATION AGREEMENT (DATED AS OF NOVEMBER 17, 1999) FOR THE TIPPECANOE 5 REDEVELOPMENT IMPLEMENTATION AREA (PEARLMAN/HOPKINS) 6 BE IT RESOLVED BY THE COMMUNITY DEVELOPMENT COMMISSION OF 7 THE CITY OF SAN BERNARDINO AS FOLLOWS: 8 9 SECTION 1. The Chair of the Community Development Commission of the City of San Bernardino is hereby authorized and directed to execute an Amendment No. 1 to the Participation Agreement (dated as of November 17, 1999) for the Tippecanoe Redevelopment Implementation Area with Arthur Pearlman Corporation and Hopkins Real Estate Group, a copy of which is attached hereto and marked as Exhibit" A" and incorporated herein by reference as fully as though set forth at length. SECTION 2. The authorization to execute the above referenced Agreement is rescinded if the parties to the Agreement fail to execute it and return it to the Office of the City Clerk within sixty 10 11 12 13 14 15 05/15/00 . j l ., J" "II CDC 2000-11 2 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO AUTHORIZING THE CHAIR OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO TO EXECUTE AMENDMENT NO. 1 TO THE REDEVELOPMENT PLANNING AND PARTICIPATION AGREEMENT (DATED AS OF NOVEMBER 17, 1999) FOR THE TIPPECANOE REDEVELOPMENT IMPLEMENTATION AREA (PEARLMAN/HOPKINS) 3 4 5 6 I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Community joint 7 Development Commission of the City of San Bernardino at a regular meeting thereof, held 9 on the 15th day of May Commission Members: Ayes ESTRADA X LIEN X - MCGINNIS X SCHNETZ --X- SUAREZ -X- ANDERSON X - MC CAMMACK ~ Abstain Absent Nays 10 11 12 13 14 15 16 17 ~h.~~ ~bhel G. Clark, City Clerk The foregoing resolution is hereby approved this / 1/ ~ay of May , 2000. 18 19 20 &4~A24- C1.e~ , Betty Dean Anderson Vice Chairman 21 22 23 Approved as t form and Legal Content: 24 25 By: -2- 05/15/00 CDC 2000-11 2000 AMENDMENT NO. 1 TO REDEVELOPMENT~PLANNING AND PARTICIPATION AGREEMENT (Tippecanoe Redevelopment Implementation Area) THIS AMENDMENT NO. 1 REDEVELOPMENT PLANNING AND PARTICIPATION AGREEMENT (herein "Amendment No. I") is entered into as of May _, 2000 by and between the REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO, a body corporate and politic ("Agency") and HOPKINS REAL ESTATE GROUP, a California corporation and ARTHUR PEARLMAN CORPORATION, a California corporation, jointly and severally (collectively referred to herein as the "Participant"), with respect to the following facts: -- RECITALS WHEREAS, the Participant and the Agency have previously entered into that certain agreement entitled "1999 Redevelopment Planning and Implementation Agreement" dated as of November 1999 (the "Agreement") which affects an area of the City of San Bernardino (the "City") generally situated along the west side of Tippecanoe Avenue to the north of the right-of-way of the Interstate 10 Freeway as depicted in the vicinity map attached to this Amendment No. 1 as Exhibit "A"; and WHEREAS, the Participant has submitted certain refinements to the Agency of the conceptual proposal as originally proposed in , 1999 for the redevelopment of a substantial portion of the Agency Implementation Area which includes certain development assumptions and forecasts, including an assumption that the Participant shall acquire certain lands in the Agency Implementation Area which are presently owned by third parties on terms which are economically. feasible for the Participant, and which are also acceptable to all interested persons. The refinement of the conceptual redevelopment proposal of the Participant is attached to this Amendment No.1 as Exhibit "B" (the "Project") . NOW, THEREFORE, IN CONSIDERATION OF THE PREMISES AND SUCH OTHER GOOD AND VALUABLE CONSIDERATION, THE RECEIPT OF WHICH IS HEREBY ACKNOWLEDGED BY THE PARTIES, THE AGENCY AND THE PARTICIPANT AGREE IN THIS AMENDMENT NO. 1 AS FOLLOWS: Section 1. 1, the meaning of Agreement shall be Unless otherwise provided in this Amendment defined terms and phrases as set forth in the same when used in this Amendment No.1. No. the The SBEO/0001/DOC/4031 4/18/00 300 jmw 1 CDC 2000-11 text of the Agreement is hereby incorporated into this Amendment No. 1 by this reference. Section 2. acknowledges The Community Development Commission hereby receipt of the Agency staff report, dated , 2000, which sets forth basis for this Amendment No. 1. The Community Development Commission hereby accepts the' refinement of the description of the proj ect as set forth in Exhibit "B" to this Amendment No. 1. Exhibit "B" of the Agreement is hereby replaced with the document entitled Exhibit "B" as attached to this Amendment No.1. Section 3. Section 1 of the Agreement is hereby amended by this Amendment No.1 to read as follows: "Section 1: Term of Agreement. (a) The rights and duties of the parties established by this Agreement shall commence on the date of acceptance of this Agreement by the governing board of the Agency as evidenced by the signatures of its authorized officers as appear on page 13, below, and thereafter this Agreement shall terminate and be of no further force or effect on May 15, 2001 unless prior to that time: (i) the Participant delivers notice to Agency as set forth in Section 10(a) suspending the obligation of the Participant to pay the Agency further installments of Project Study Costs and terminating this Agreement; or (ii) the Agency delivers notice to the Participant suspending the Project Study and terminating the Agreement as set forth in Section 10(b); or (iii) the parties agree to extend the term of this Agreement in the sole discretion of each of them. (b) The rights and duties of the parties established by this Agreement shall be subject to mutual release and discharge prior to May 15, 2001 by the governing board of the Agency, at such time as the parties execute a separate participation agreement (herein the "Project OPA/DDA") for a specific plan of reuse and redevelopment of the Project, as contemplated by Amendment No. 1 to the Agreement, on terms, conditions and community redevelopment covenants as mutually SBEO/0001/00C/4031 4/18/00 300 jmw 2 CDC 2000-11 acceptable to the Participant and the Agency in the sole and absolute discretion of each of them." Section 4. Section 4(a) and Section 4(b) of the Agreement are hereby amended by this Amendment No.1 to read as follows: "Section 4. Pro;ect Study. (a) Within thirty (30) days following the date of approval of Amendment No. 1 this Agreement by the governing board of the Agency, the Agency shall initiate the preparation of a feasibility study for the redevelopment of the Project proposed by the Participant, as refined by Amendment No. 1 to this Agreement (the "Project Study"). The Agency may retain the services of a firm of community redevelopment planning and environmental consultants to assist the Agency staff in the preparation of the various investigations, surveys and reports appropriate in connection with the evaluation of the Project. (b) On a best efforts basis, the Agency shall cause the initial phase of the Project Study as evidenced by. the completion of an "Initial Study" for the Project as this term is defined under CEQA, to be completed within sixty (60) days following the date of approval of Amendment No. 1 to this Agreement by the governing board of the Agency. Thereafter, the Agency shall on a best efforts basis, and subject to the cooperation of the Participant, cause a draft environmental impact report for the Project to be circulated for public comment and review by October 1, 2000. Subject to the privilege of either party to suspend the Project Study prior to its completion as set forth in Section 10(a) and (b), as applicable, each of the parties presently believes that the Project Study can be completed, including without limitation, the conduct of a public hearing on a final environmental improvement report for the Project, within one (1) year following the date of approval of Amendment No. 1 to this Agreement by the governing board of the Agency." Section 5. Except to the extent that Exhibit "8" to the Agreement has been superseded by the refinements approved by the parties as set forth in Seci ton 2 of this Amendment No. 1 and further excepting the amendments to the Agreement as set forth in Section 3 and by Section 4 of this Amendment No.1, all other provisions of the Agreement remain in full force and effect. SBEO/0001/DOC/4031 4/18/00 300 jmw 3 GDC 2000-11 Signed in counterpart. (Retain all 3 original signature pages) Section 6. This Amendment No. 1 may be executed in counterparts and when fully executed by the parties each such counterpart shall be deemed to be one original document. Each signatory"to this Amendment No.1 represents and warrants that he or she has the authority to execute this Amendment No. 1 on behalf of the party which he or she represents. IN WITNESS WHEREOF, the Amendment No. 1 on the dates signatures as appear below. undersigned have indica ted next to executed this each of their PARTICIPANT Hopkins Real Estate Group, a California corporation and Date: ~ Il.-,-d 01) Arthur Pearlman Corporation, a California corporation, jOintl: ~ severally By; ~ r Hopkins ~ (Steve Hopkins) By; Estate Group AGENCY Redevelopment Agency of the City of San Bernardino Date: By: Chair of the Community Development Commission of the City of San Bernardino ATTEST; By; Agency Secretary APPROVED AS TO FORM: By: Agency Counsel S8EO/0001/DOC/4031 4/18/00 300 jrnw 4 CDC2000-11 Signed in counterpart. (Retain all 3 original signature pages) Section 6. This Amendment No. 1 may be executed in counterparts and when fully executed by the parties each such counterpart shall be deemed to be one original document. Each signatory to this Amendment No. 1 represents and warrants that he or she has the authority to execute this Amendment No. 1 on behalf of the party which he or she represents. IN WITNESS WHEREOF, the Amendment No. 1 on the dates signatures as appear below. undersigned have executed indicated next to each of this their PARTICIPANT Hopkins Real Estate Group, a California corporation and Arthur Pearlman Corporation, a California corporation, jointly and severally Date: ~ I}..., ( dO By: r Hopkins Real Estate Group By: AGENCY Redevelopment Agency of the City of San Bernardino Date: By: Chair of the Community Development Commission of the City of San Bernardino ATTEST: By: Agency Secretary APPROVED AS TO FORM: By: Agency Counsel SBEO/0001/DOC/4031 4/18/00 300 jmw 4 CD'e 2000-11 Signed in counterpart. (Retain all 3 original signature pages) Section 6. This Amendment No. 1 may be executed in counterparts and when fully executed by the parties each such counterpart shall be deemed to be one original document. Each signatory to this Amendment No. 1 represents and warrants that he or she has the authority to execute this Amendment No. 1 on behalf of the party which he or she represents. IN WITNESS WHEREOF, the Amendment No. 1 on the dates signatures as appear below. undersigned have executed indicated next to each of this their PARTICIPANT Hopkins Real Estate Group, a California corporation and Arthur Pearlman Corporation, a California corporation, jointly and severally By: Date: for Hopkins Real Estate Group By: for Arthur Pearlman Corporation AGENCY Redevelopment Agency of the City of San Bernardino Date: t/!? /;& 10" / ~ BY:~~~ Ql~ . Bet y Dean Anderson Vice Chairman By: SBEO/0001/DOC/4031 4/18/00 300 jmw 4