HomeMy WebLinkAbout1979-261
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RESOLUTION NO. 79'- c:? 6/
RESOLUTION OF THE CITY OF SAN BERNARDINO APPROVING THE
SALE OF APPROXIMATELY 1.09 ACRES OF REAL PROPERTY GENERALLY
LOCATED IN THE STATE COLLEGE INDUSTRIAL PARK AT THE NORTH END
OF HALLMARK PARKWAY IN THE STATE COLLEGE PROJECT AREA TO THE
SAN BERNARDINO WEST SIDE COMMUNITY DEVELOPMENT 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 the San Bernardino West Side
Community Development Corporation, a nonprofit corporation,
hereinafter referred to as "Developer", approximately 1.09 acres
of real property located within the State College Project Area,
described in Exhibit "A" attache~ hereto and incorporated herein
by reference as though set forth in full, for the sum of Four
Thousand Nine Hundred Five Dollars ($4,905.00) which will be paid
by the Developer in cash; and
WHEREAS, Developer proposes to develop on said real
property the CDC Energy Technology Center; 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 $17,440.0
and
WHEREAS, all hearings have been heard as required by
Health and Safety Code Section 33433,
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COMMON
COUNCIL OF THE CITY OF SAN BERNARDINO AS FOLLOWS:
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SECTION 1. It is found and declared that the considera-
2 tion for said real property, in accordance with covenants and
3 conditions governing such sale, may be less than the fair market
4 value of the property determined at the highest use permitted
5 under the plan, and that sale for such consideration is necessary
6 to effectuate the purposes of the plan for the following reasons:
7
(a) The land is being sold to San Bernardino West Side
8 Community Development Corporation, a nonprofit corporation, at
9 a write-down of $12,535.00 to encourage the development of
10 minority enterprise and to provide employment for minorities.
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SECTION 2. The Mayor and Common Council of the City of
12 San Bernardino hereby approve the sale of said property upon the
13 terms, conditions, and for the reasons set forth herein.
14 I HEREBY CERTIFY that the foregoing resolution was duly
15
adopted by the Mayor and Common Council of the City of San
Bernardino at a ~N meeting thereof, held
on the q day of /,,11- , 1979, by the following
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18 vote, to wit:
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AYES:
Councilmen
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NAYS:
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ABSENT:
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The foregoing resolution is
II fl, day
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of
M
Bernardino
, 1979.
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