HomeMy WebLinkAbout1979-175
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RESOLUTION NO. 79'- /1~
RESOLUTION OF THE CITY OF SAN BERNARDINO APPROVING THE
SALE OF APPROXIMATELY 8.36 ACRES OF REAL PROPERTY LOCATED NORTH
OF RlVERVIEW DRIVE AND WEST OF MT. VIEW IN THE SOUTHEAST INDUSTRIAL
PARK PROJECT AREA TO CELOTEX-MARLEY, INC., A DELAWARE CORPORATION,
BY THE REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO (HEALTH
& SAFETY CODE SECTION 33433).
WHEREAS, the Redevelopment Agency of the City of San
Bernardino proposes to sell to Celotex-Marley, Inc., a Delaware
Corporation, hereinafter referred to as "Developer", approxi-
mately 8.36 acres of real property located within the Southeast
Industrial Park Project Area, described in Exhibit "A" attached
hereto and incorporated herein by reference as though set forth
in full, for the sum of one hundred sixty.-seven thousand two
hundred dollars ($167,200.00) which will be paid by the Developer
in cash; and
WHEREAS, Developer proposes to develop on said real
property a manufacturing/office building; and
WHEREAS, notice of the time and place of hearing has been
. given as required by law; and
WHEREAS, the Redevelopment Agency has made available for
public inspection and copying a summary of financial aspects of
the proposed sale; and
WHEREAS, the summary of financial aspects of the sale
represents that the fair market value of the property is $20,000
per acre, which amounts to a total fair market value of $167,200;
and
WHEREAS, all hearings have been heard as required by
Health and Safety Code Section 33433,
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COUNCIL OF THE CITY OF SAN BERNARDINO AS FOLLOWS:
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COMMON
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SECTION 1. It is found and declared that the considera-
4 tion for said real property, in accordance with covenants and
5 conditions governing such sale, is not less than the fair market
6 value of the property determined at the highest use permitted
7 under the plan.
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SECTION 2. The Mayor and Common Council of the City of
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San Bernardino hereby approve the sale of said property upon the
to
terms, conditions, and for the reasons set forth herein.
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I HEREBY CERTIFY that the foregoing resolution was duly
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adopted by the Mayor and Common Council of the City of San
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{~~ P!,-t~
day of 7/11-
co=r;1J~~~i!, ~
. /77 Pl12../
Jf'~y~ yJ-/'-L_
Bernardino at a
meeting thereof, held
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on the
1/i-
, 1979, by the following
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vote, to wit:
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AYES:
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NAYS:
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ABSENT:
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The foregoing resolution is hereby , L day
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of
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, 1979.
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Sa,n BernardJ.no
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C'2ltfCLE:R;(S CFFiCE:
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EXHIBIT "A"