HomeMy WebLinkAbout1986-524
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RESOLUTION NO. 86-524
RESOLUTION OF THE CITY OF SAN BERNARDINO APPROVING THE SALE
OF A CERTAIN PARCEL OF PROPERTY AT THE NORTHEAST CORNER OF THE
INTERSECTION OF "G" STREET AND MILL STREET IN THE CITY OF SAN
BERNARDINO BY THE REDEVELOPMENT AGENCY OF THE CITY OF SAN
BERNARDINO TO SIMA PARTNERSHIP.
BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY
OF SAN BERNARDINO AS FOLLOWS:
SECTION 1. Recitals.
A. The Redevelopment Agency of the City of San Bernardino
("Agency") proposes to sell to Sima Partnership, a California
partnership, that certain parcel of property located at the
10 northeast corner of the intersection of "G" Street and Mill
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Street in the City of San Bernardino, being identified as a
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portion of Lot 10, Block 11, Rancho San Bernardino, as per map
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recorded in Book 7, Page 2 of Maps, in the office of the County
Recorder for San Bernardino County, California, for the sum of
$448,500 on the terms specified in a certain proposed Disposition
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and Joint Development Agreement by and between the Redevelopment
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Agency of the City of San Bernardino and Sima Partnership.
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B. Notice of the time and place of the hearing has been
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given as required by law.
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fair market value of the interest to be conveyed by the Agency,
determined at the highest use permitted for such property is
$448,500.
E. All hearings have been held as required by Health and
Safety Code Section 33433.
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1 SECTION 2. Determination. Based upon the representations
2 of the Agency, it is found and declared that the consideration
3 for the sale of the real property described above, in accordance
4 with covenants and conditions governing the sale, is not less
5 than the fair market value of the property determined at the
6 highest use permitted for such property. The terms and
7 conditions proposed for the sale are appropriate.
8 SECTION 3. Approval. The Mayor and Common Council of the
9 City of San Bernardino hereby approve the sale of said property
10 upon the terms and conditions set forth in this resolution and
11 the Summary of Financial Aspects.
12 I HEREBY CERTIFY that the foregoing resolution was duly
13 adopted by the Mayor and Common Council of the City of San
regular
14 Bernardino at an adiourned / meeting thereof, held on the
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22nd
day of
December
, 1986, by the following vote, to
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AYES:
Council Members Estrada, Reilly, Marks, Quiel,
Frazier
NAYS:
Council Member Strickler
ABSENT:
Council Member Hernandez
~/md/~
/' City Clerk
The foregoing resolution is hereby approved this ~~~ day
December
, 1986.
of
Approved as to form:
{;;!2L~<4)d4"f'~IV
City Attorney
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