HomeMy WebLinkAbout1979-231
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RESOLUTION NO. 7 c; - ~.3 (
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2 RESOLUTION OF THE CITY OF SAN BERNARDINO APPROVING THE
SALE OF APPROXIMATELY 3.2 ACRES OF REAL PROPERTY LOCATED WITHIN
3 STATE COLLEGE INDUSTRIAL PARK IN THE STATE COLLEGE PROJECT AREA
TO T & S DEVELOPMENT, INC. BY THE REDEVELOPMENT AGENCY OF THE
4 CITY OF SAN BERNARDINO (HEALTH & SAFETY CODE SECTION 33433) .
5 WHEREAS, the Redevelopment Agency of the City of San
6 Bernardino proposes to sell to T & S Development, Inc., herein-
7 after referred to as "Developer", approximately 3.2 acres of real
8 property located within the State College Project Area, described
9 in Exhibit "A" attached hereto and incorporated herein by refer-
10 ence as though set forth in full, for the sum of $128,000.00
II which will be paid by the Developer in cash; and
12 WHEREAS, Developer proposes to develop on said property
13 a neighborhood shopping center; and
14 WHEREAS, notice of the time and place of hearing has been
15 given as required by law; and
16 WHEREAS, the Redevelopment Agency has made available for
17 public inspection and copying a summary of financial aspects of
18 the proposed sale; and
19 WHEREAS, the summary of financial aspects represents that
20 the fair market value of the interest to be conveyed determined at
21 the highest uses permitted under the plan, is $89,600.00; and
22 WHEREAS, all hearings have been heard as required by
23 Health and Safety Code section 33433,
24 NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COMMON
25 COUNCIL OF THE CITY OF SAN BERNARDINO AS FOLLOWS:
26
SECTION 1. It is found and declared that the considera-
27 tion for said real property, in accordance with covenants and
28 conditions governing such sale, is not less than the fair market
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1 value of the property determined at the highest use permitted
2 under the plan.
3
SECTION 2. The Mayor and Common Council of the City of
4 San Bernardino hereby approve the sale of said property upon the
5 terms, conditions, and for the reasons set forth herein.
6 I HEREBY CERTIFY that the foregoing resolution was duly
7 adopted by the Mayor and Common Council of the City of San
8
Bernardino at
a~
day of . \ _
COJ;;f'l:;1~::;tr:-~o
meeting thereof, held
9
on the
-9'/'it
, 1979, by the following
10
I vote,
I
to wit:
11
AYES:
12
13
NAYS:,
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ABSENT:
15
16
~/?$~~
./ C~ty Clerk
17
day
(-A
18
\ The 'foregoing resolution is
of ,1U/1Li2/ , 1979.
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San Bernar ~no
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Approved as to form:
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EXHIBIT "A"
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