HomeMy WebLinkAbout1979-312
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RESOLUTION NO. . -'7?-4Y,z
RESOLUTION OF THE CITY OF SAN BERNARDINO APPROVING THE
SALE OF CERTAIN PARCELS OF REAL PROPERTY LOCATED WITHIN THE CENTRA
CITY SOUTH REDEVELOPMENT PROJECT AREA TO CENTRAL CITY SOUTH CO.
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 Central City South Co., herein-
after referred to as "Developer", certain parcels of real property I
located within the Central City South Redevelopment Project Area, II
described in Exhibit "A" attached hereto and incorpo~ated herein I
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by reference as though set forth in full, for the sUm of $603,000
which will be paid by the Developer in cash; and
WHEREAS, Developer proposes to develop on said property
an expanded shopping center or other commercial development; 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 represents that
the fair market value of the interest to be conveyed determined
at the highest use permitted under the plan is $603,000; 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:
SECTION 1. It is found and declared that the considera-
tion for said real property, in accordance with covenants and
conditions governing such sale, is not less than the fair market
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value of the property determined at the highest use permitted
under the plan.
SECTION 2. The Mayor and Common Council of the City of
San Bernardino hereby approve the sale of said property upon the
terms, conditions, and for the reasons set forth herein.
I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the Mayor and Common Council of the City of San
Bernardino at a /1'JYj /h~ meeting thereof, held
on the ;, day of A~//JC , 1979, by the following
vote, to wit:
NAYS:
councilmen~~?7"'~/ d4///~:;/ a:::t;h~
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AYES:
ABSENT:
of
~/jYjd
, 1979.
7~ day
The foregoing resolution is
Approved as to form:
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AMtNDED EXHIBIT "A" SALE TO CENTRAL CITY SOUTH COMPANY
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AVENUE
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EXHIBIT "A"
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