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RESOLUTION NO. 82-181
RESOLUTION OF THE CITY OF SAN BERNARDINO APPROVING THE SALE
OF TWO PARCELS OF REAL PROPERTY LOCATED WITHIN THE CENTRAL CITY
NORTH EXPANSION PROJECT AREA TO EUNICE RAINBOLT BY THE REDEVELOP-
MENT AGENCY OF THE CITY OF SAN BERNARDINO AT LESS THAN THE FULL
MARKET VALUE TO EFFECT THE PURPOSES OF THE PLAN (HEALTH AND SAFETY
CODE SECTION 33433).
BE IT RESOLVED BY THE MAYOR AND COYMON COUNCIL OF THE CITY
OF SAN BERNARDINO AS FOLLOWS:
SECTION 1. Recitals.
(a) The Redevelopment Agency of the City of San Bernardino
(Agency) proposes to sell to Eunice Rainbolt (Developer) two parce
of real property located within the Central City North Expansion
Project Area, described in Exhibit "A" attached hereto and incor-
porated herein by reference as though set forth in full, for the
sum of $120,000.00 which will be paid by the Developer in cash.
(b) Public hearing was held in this matter on April 5,
1982, notice of which had been given as required by law.
(c) Agency has made available for public inspection and
copying a summary of financial aspects of the proposed sale
(d) The Redevelopment Agency of the City of San Bernardino
represents that it has made diligent effort to sell this property
at full market value, and has been unsuccessful in obtaining
appraised value therefor, and that the best offer it has been able
to receive is $120,000.00.
(e) All hearings have been held as required by Health
and Safety Code Section 33433.
(f) Comparable sales information has been developed by
Robert O. Self, Operations Coordinator of the Redevelopment Agency
of the City of San Bernardino, establishing that three parcels
of land in the general area of such property, bearing similar
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zoning category, have been sold in the recent past, for prices
substantially comparable to that proposed in this instance, as
set forth in the memorandum from Robert O. Self to Glenda Saul,
April 14, 1982, a copy of which is annexed hereto and incorpora
herein by reference as Exhibit "B".
(g) Although two prior offers in excess of the present
offer have previously been received by the Redevelopment
Agency, and have been accepted, both such offers have failed
to be carried out, and no offer in excess of $120,000.00 is
available at this time. The proposed sale has been publicly
advertised.
(h) The exact market value of the property is unknown;
an earlier appraisal establishing the property to be valued at
$202,000.00 is of questionable validity at this time, and the
study of comparable sales establishes that the market value may
not be substantially greater than $120,000.00.
(i) This property was originally obtained by the Agency
as part of a transaction necessary to assure that a major public
service agency, the Social Security Administration's main
public office, would relocate within the project area, and there
render invaluable service to the elderly and disabled citizens
of the City, and increase the number of persons doing business
in the project area.
(j) As part of the undertakings of that transaction, City
has made certain commitments and assurances to the Downtown Park,
District that funds advanced by that District would be paid by
City to the District upon sale of this subject property.
(k) Sale of this property will enable City to keep its
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commitments and assurances to said District, and better enable
said District to provide the parking necessary for the success of
the general plan for the Central City North Expansion Project
I Area.
(1) Immediate sale of the property is necessary to enable
the Downtown Parking District to provide the additional parking
facilities needed to assure success of said project plan.
SECTION 2. Determination. Based upon the representations
of Agency, and on the factors set forth above, it is found and
declared that the consideration for the real property described
in Exhibit "A", in accordance with covenants and conditions govern•
ing the sale, though slightly less than the fair market value,
is the best price obtainable at the present time, and that sale
for that price is necessary to effectuate the purposes of the
Central City North Expansion Project Area Plan.
SECTION 3. Approval. The Mayor and Common Council of the
City of San Bernardino hereby approve the sale of said property on
the terms and conditions set forth in this resolution and the
summary of financial aspects.
I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the Mayor and Common Council of the City of San
Bernardino at a regular meeting thereof, held
on the 19th day of April , 1982, by the following
vote, to wit:
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AYES:
Council Members Castaneda, Reilly,
Hernandez,
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Quiel, Strickler
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NAYS:
mnna
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ABSENT:
Council Members Botts,,
Hobbs
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md'n ��
City clerk
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The foregoing resolution is hereby
approved
this day
8
of April
1982.
9
0 o thefCity
ofoOMn
Bernardino
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Approved as to
form:
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ty A orne
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That portion of Lot 2, Block 50 of the City of San Bernardino, as per plat recorded
in Book 7 of Maps, Page 1, Records of said County, described as follows:
Commencing at a point on the South line of said lot, 62 1/2 feet West of the
intersection of the South line of said lot with the Westerly line of what is known as
Pearl Street, said point. being 97 1/2 feet West of the Southeast corner of said Lot
2; running thence North 149 feet and 9 inches; thence West 52 feet and 6 inches;
thence South 149 feet and 9 inches to the North line of 7th Street; Thence East 52
1/2 feet to the point of beginning, together with that portion of Lot 2, Block 50,
City of San Bernardino, as per plat recorded in Book 7 of Maps, Page 1, Records of
said County, described as follows:
Commencing at the Southwest corner of said Lot 2 (said point of beginning being
identical with the point of intersection of the East line of Arrowhead Avenue with
the North line of Seventh Street) thence running East along the North line of
Seventh Street, 160 feet, more or less to a point 115 feet West of the intersection
of the North line of Seventh Street with the West line of Pearl Street, now Pershing
Avenue; thence North to a point in the North line of said Lot 2, which is 115 feet
West of the West line of said Pearl Street; thence West along the North line of said
Lot 2 to the Northwest corner thereof; thence South along the West line of said lot
to the point of beginning.
EXHIBIT "A"
i
SBRDA-23
10-19-76
MEMORANDUM lB1B1BWtIBBT IBBBCI
OF 10E CI19 OF SAO DEMAND, COIIFOROIO
DATE April 14, 1982
TO Glenda Saul
FROM Robert 0. Self
SUBJECT SALE OF PROPERTY AT 7TH STREET AND ARROWHEAD
Per your request for comparable sales information to reconcile our proposed selling
price of the subject property with today's market:
Robert -O. Self,
Operations Coordinator
ROS/j
0 MOMENTUM MAKES THE DIFFERENCE
�u+iBir g
Price
adjusted for
Parcel #
Zone
Street
Sq. Ft.
$ sq ft
Date sold
appreciation
140-203-24
C-4
8th & "F"
4,300
2.80
5/81
2.82
140-203-30,31
C-4
8th & "F"
38,070
2.67
9/80
3.30
140-211-22
C-4
V&V D"
2,565
3.20
9/80
3.78
140-291-10,11
C-4
7th & Arrowhead
31,805
3.77
proposed
SUBJECT
Robert -O. Self,
Operations Coordinator
ROS/j
0 MOMENTUM MAKES THE DIFFERENCE
�u+iBir g