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HomeMy WebLinkAbout1988-219 1 2 3 4 5 6 7 8 9 RESOLUTION NO. 88-219 RESOLUTION OF THE CITY OF SAN BERNARDINO APPROVING THE SALE OF THAT CERTAIN PARCEL OF PROPERTY IDENTIFIED AS PARCEL 4 OF TENTATIVE PARCEL MAP NO. 9293 LOCATED NEAR THE INTERSECTION OF 6TH STREET AND "D" STREET, BY THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO TO THE SAN BERNARDINO COUNTY BOARD OF EDUCATION. BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO AS FOLLOWS: SECTION 1. Recitals. A. The Community Development Commission of the City of San 10 Bernardino ("Commission") proposes to sell to the San Bernardino 11 County Board of Education, a public agency ("County"), that 12 certain parcel of property identified as Parcel 4 of Tentative 13 Parcel Map 9293 located near the intersection of 6th Street and 14 "D" Street, which parcel is legally described in Exhibit "A" 15 16 17 18 attached hereto and incorporated herein by reference, for the sum of $350,000 which will be paid by the Developer in cash and other considerations. B. Notice of the time and place of hearing has been given 19 as required by law. 20 C. The Commission has made available for public inspection 21 and copying a summary of financial aspects of the proposed sale. 22 D. The summary of financial aspects represents that the 23 fair market value of the interest to be conveyed by Commission, 24 determined at the highest use permitted for such property, is 25 $ 133,410 26 E. All hearings have been held as required by Health and 27 Safety Code Section 33433. 28 6-15-88 DAB: em 1 . 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 SECTION 2. Determination. Based upon the representations of Commission, it is found and declared that the consideration for the real property described above, in accordance with covenants and conditions governing the sale, is not less than the fair market value of the property determined at the highest use permitted for such property. SECTION 3. Approval. The Mayor and Common Council of the City of San Bernardino hereby approve the sale of said property upon the terms and conditions set forth in this resolution and the summary of financial aspects. I HEREBY CERTIFY that the foregoing resolution was duly adopted by the Mayor and Common Council of the City of San Bernardino at a rAgnl ;:::1r meeting thereof, held on the __2Q~__ day of ____~~______, 1988, by the following vote, to wit: AYES: Council Members Estrada, Reilly, Flores, Maudslev. Minor. Pope-Ludlam, Miller NAYS: None ABSENT: None Ji//~;JU ~~d 6-15-88 DAB:cm 2 " . Reso: Sale of property to County Board of Education 1 2 The foregoing resolution is hereby approved this ~/~ day 3 of 1988. ,"{1/;c~/ 2t f 0/ City of San Bernardino .1nnA 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Approved as to form and legal content: c~fJ~ 6-15-88 DAB:cm 3 . . DESCRIPTION PARCEL 4 OF PARCEL MAP NO. 9293 AS PER MAP RECORDED IN BOOK . PAGE OF PARCEL MAPS IN THE OFFICE OF THE COUNTY RECORDER OF THE COUNTY OF SAN BERNARDINO, STATE OF CALI FORNIA. (To be recorded in Escrow) EXHIBIT A