HomeMy WebLinkAboutR35-Economic Development Agency
ECONOMIC DEVELOPMENT AGENCY
OF THE CITY OF SAN BERNARDINO
FROM:
Gary Van Osdel
Executive Director
SUBJECT:
EXCLUSIVE RIGHT TO NEGOTIATE-
ARTHUR PEARLMAN CORPORATION
- SANTA FE DEPOT AREA PLAN, MT.
VERNON CORRIDOR & UPTOWN
REDEVELOPMENT PROJECT AREAS
DATE:
April 5, 2001
Or' ,... " · .- L
Oll"dnr\
SvnoDsis of Previous Commission/Council/Committee Action(s):
On April 5, 2001, the Redevelopment Committee recommended that this item be sent to the Community Development
Commission for approval
Recommended Motion(s):
(Communitv DeveloDment Commission)
MOTION:
That the Community Development Commission authorize staff to proceed with the
necessary owner participation notices and preparation of a draft Exclusive Right to
Negotiate Agreement
Contact Person(s): Gary Van OsdellMargaret Park
Project Area(s) Mt. Vernon & Uptown
Phone:
663-1044
1&3
Ward(s):
Supporting Data Attached: 0 Staff Report 0 Resolution(s) 0 Agreement(s)/Contract(s) 0 Map(s) 0 LetterlMemo
FUNDING REQUIREMENTS Amount: $
-0-
Source:
N/A
N/A
SIGNATURE:
Commission/Councll Notes:
GVO:lag:04-16-01 Santa Fe
COMMISSION MEETING AGENDA
Meeting Date: 04/1612001
Agenda Item Number: -A..3S
ECONOMIC DEVELOPMENT AGENCY
STAFF REPORT
Exclusive Ril!ht To Nel!otiate - Arthur Pearlman Corporation - Santa Fe Depot Area Plan.
Mt. Vernon Corridor & Uptown Redevelopment Proiect Areas
BACKGROUND
Recently, we received a request for an exclusive right to negotiate for development in the area.
The request is from the Arthur Pearlman Corporation. The Arthur Pearlman Corporation is
currently involved in "The HUB" project at Tippecanoe Avenue and Interstate 10. The firm is an
experienced retail development firm with financial resources needed for development.
The proposed development would encompass the area bounded by Santa Fe Depot on the north,
Interstate 215 on the east, properties fronting on 2nd Street on the south and Mt. Vernon Avenue
on the west. While no plans have been created, it is anticipated that a mixed-use project
combining retail, industrial and office uses would be most successful. It should be noted that the
plan is expected to take advantage of the realignment of the 2nd Street freeway off ramp soon to
be started by Caltrans.
Execution of an Exclusive Right to Negotiate will assist the firm in negotiations with potential
partners and major retail, office and industrial tenants. Although the owners of the El Tigre
property have indicated interest in upgrading their site only, Agency files indicate that there have
been no prior statements of interest in owner participation from area property owners or tenants.
However, to avoid any future questions or issues relating to owner participation it is
recommended that existing property owners and tenants in the area be noticed regarding their
rights as owner participants to submit competing development proposals. Staff would follow
redevelopment owner participation rules and notify the owners or tenants by certified mail
regarding their right to submit competing proposals. Pursuant to those rules, they will be given a
30-day period to submit a written statement of intent to submit a proposal. Any interested
owners would then be provided additional time to submit supporting information including site
plans, proformas, experience, financial statements, etc. Any proposals received from owners,
tenants would be evaluated against the proponent's to finalize a recommendation as to granting
an Exclusive Negotiating Agreement.
ENVIRONMENTAL
Not Applicable.
GVO:lag:04-16-01 Santa Fe
COMMISSION MEETING AGENDA
Meeting Date: 04/16/2001
Agenda Item Number:
/(:~S"
.
Economic Development Agency Staff Report
Sante Fe Depot - Pearlman ERN
April S, 2001
Page Number -2-
FISCAL IMPACT
There is no immediate fiscal impact on the Agency apart from staff time commitment.
RECOMMENDA nONS
That the Community Development Commission authorize staff to proceed with the necessary
owner participation notices and preparation of a draft Exclusive Right to Negotiate Agreement
GVO:lag:04-16-01 Santa Fe
COMMISSION MEETING AGENDA
Meeting Date: 04/16/2001
Agenda Item Number: Jt3S'