HomeMy WebLinkAboutRS02-Community Development
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(lS 2.
CITY OF SAN BERaRDINO - REQUEST a,R COUNCIL ACTION
('iom: RI!NmIH J. HENERSCN, Executive Dhector Subject:
~t: f'nmrI11'Iity Develcplll!!l1tjRede~IL Aqerr:y
Date: NovelItler 2, 1990
ImLB '" cr.rlC-<llINED ~J: m
lIDH1-'rAB PARlt (EL DOlWlO
lUB)
Synopsis of Previous Couneilection:
None.
Recommended motion:
(JamR >>II) aIIDT n"lmrTT.)
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'1DT 'l'BB MDail >>lD aIIDT CXQo .11.. ~YI5 'l'BB ImLB '" 0CIIMllIl1'1'r IJ!lVEIDEIHBIlT
HiCI.........J: AT 'l'BB ~...CXRlBR '" Mr. .VBRtI:If AVENlJB >>II) BE.BVEN1'B 1S.I.'NiIS'" m
~ PARK (EL DOlWlO lUB)JQR 'l'BB rlBVEID1'MIDl't '" A 45;000 SQUlIRB J'OO'l'
NBJ)--axI) 1II&W&'.uG CBIl'1'BR AT A PRICB ID.l' u:ss ~ 'l'BB Jl.PllRIWIBD VAIml.
Contact person:
Ken Henderscn
Phone:
5065/5081
6
Supporting data attached:
FUNDING REQUIREMENTS:
staff Riepol.t
Ward:
NV.A
Amount:
Source: (Acct. No.!
N/A
(Acct. DescriDtion)
N/A
Finance:
Cuneil Notes:
AnDn~. I.D~ I\In "R~'" 2.,
_ J. _ _
CITY OF SAN BERADINO - REQUEST .QR COUNCIL ACTION
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15-0264
STAFF REPORT
. staff has received an offer to pm:ilase iU-~ty awned by tlle department at
the northwest -..v.L...... of Mt. Veox;n Averme am Eleventh SL.....at. Mr. Park
pl.,-v:ses a 45,00Q square foot Jieighbad100d sllclR>in;J center lobich liIII:W.d be
co-anchored by H::Daw1lds am International Iblse of Pancakes restaurants.
Mr. Park has already acquired all of tlle ptqlE!rty so.rt:h of Baseline SL.......:t .
to Eleventh SL...eet between Mt. Veox;n AveDJe am ~ SL.......t, except
for tlletwo (2) parcel.sawned by the City totallin;J 23,238 square feet.
Although Mr. Park was cpratin;J urder tlle initiallllisurxJerstar that tlle
City (l(lI1Jd "give" him tlle ~~ty, tlle iU-....-.s eventually agreed upc:n was
that tlle City liIII:W.d have tlle iU-~ty awraised am brin;J tlle matter to tlle
Mayor am (1.....""'1 cnmcil for OCI1Sideraticn.
Although tlle Mayor am (I..... .. cnmcil have generally iU-GW.A:ed a f'1.ee. -..r\tet
eca1aIlY, it is illportant to note that tlle pmspective tenant:s, includin;J
an;JOin;J negotiations with True value, JlAl1->1t, 0Iief Auto Parts, Radio
Shack am others cD1ld patentially bpact tlle Sl1""""'r" of tlle West Side
Shcg:lin;J center. DisolSSials held at tlle staff level have not resulted in
a fail-safe solut:1at to this potential pn:blem lobich may or may not occm'.
It was felt,hawever, that this prospect shcW.d be bra1ght to tlle attention.
of tlle Mayor am 0..... "' cnmcil.
'!he cq:praised value of tlle iU-~ty has been established at $72,500 or
$3.11 per square foot. While this lIIIDmt is fairly OCI1Sistent with lYWIf"'r-
ableS in tlle i1lWlll'rlbte area, tlle narrative of tlle ~ cancl.udes with
the follCJWi.rq statement:
"This opiDiOD giV!lS 110 ocmsi4eration to tlle value -- -.t.
wbicb. 1II:lI1ld arise f%aIl a j()i....... with tlle 114jaaent: CllIJI8rIIhip.
Base4 upcIl sales ............ Q IIIl4 5, .tlle JDOSt lit81y price if pm:-
...,,_.... by tlle CIWJler 1II:lI1ld J:lla bthe $6.00 per &qIJIIx. foo1: J:IIDglI,
or _.....1lIIately $140,000. SiDc!e this is tlle last pzcperty to J:le
acquired, an _ gmater offer 1II:lI1ld DOt J:le suzpri.siDrt'.
In cancl.usian, Mr. Park has agreed to grant to tlle City a lan:1"Cal"" ease-
ment in a fODl\ awrcved by tlle City Attorney. Based upon tlle foregoin;J,
staff n>o ....-J'lds adcpt:i.cn of tlle fODl\ motion.
DUector
",....,...... 'ty D8Vel\:'l_o.AAt. DeparbDiInt/
RedeI1e1op111lnt llq8DCy
KJH: lab: 4119
November 2, 1990
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EL 0CIWl0 PlAZA
Mt:. V6....n and ....-li....
San Bernardino. CA 92411
CX:tober 9, 1990
Mr. Kenneth J. Henderson
Director, Camluni.ty Developnent
City of San Bernardino
300 No. "'D' street
San Bernardino, CA 92418
Thp@rg O\Yl[g! n
1\\ I "". I I \991 ! ~
J'~l b
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Dear Mr. Henderson:
In response to }'OUr letter of August 14, 1990 to Mr. Charlie Son, RE:
purchase of the 23,238 sq. ft. city-owned property at the northwest comer
of Mt. Vernon Avenue and Eleventh Street for the sum of $72,500.00, or
$3.11 per sq. ft., we ~d certainly like to CCIIIplete the acquisition
as quickly as possible.
We are responding to the conditions as outlined in your August 14 letter
as follows: C
Item U: '!he proposed deve10pnent of 45,000 sq. ft. on the west side
of Mt. Vernon, between Baseline and Eleventh Streets, will
be a mixed retail center with two key restaurants as anchors:
M::Donald's and International House of Pancakes. Other ten-
ants with 1o'hcm negotiations are underway are: True Value,
Hallmark, Orief Auto Parts, cvs Drugs, PIP Printing, a dough-
nut store, a bicycle shop, Radio Shack, a real estate fil:m,
medical clinic, plus a full size market. 'lhese projected ten-
ants ~d account for 75% of the developnent occupancy.
Item i2: Based upon final negotiations and lease acceptance, it is es-
timated 44 pennanent and 140 tenq:lorary or part-time jobs ~d
be =eated by the developnent.
Item ft3: '!he alP application subnitted in September 1990 is now pending
any further action by the Planning Department, subject to ac-
quiring the city-owned property and satisfying four minor condi-
tions which are currently being handled.
Item #4: As owner, I am willing to sign a legal landscape easement at
the convenience of the city, as requested in your letter regarding
conditions for sale.
Our proposed El Dorado Plaza project for the area indicated above represents
a 4 million dollar investment which we feel will favorably address the
area's blighted situation, as well as =ime and unemployment problans.
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Page 2
We are currenUy projecting that 184 new jobs will be created by the El
Dorado Plaza, and are estimating the Plaza's annual sales at 16 million
dollars.
We are eager to I1DI1e forward with our developnent plans, and are only
stalled awaiting the city's approval to sell us the land in question.
'1bank you for your consideration and action on behalf of the El Dorado
Plaza.
Sincerely yours,
.EL OOAAOO c:/
Owner
1113 So. Los Angeles st.
Los Angeles, CA 90015
213-746-3318
cc: Mayor W. R. Holcanb
Jack Kelly, 1\MS