HomeMy WebLinkAboutR04-Economic Development Agency
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DEVELOPMENT DEPARTMENT
OF THE CITY OF SAN BERNARDINO
ECONOMIC DEVELOPMENT AGENCY
REOUEST FOR COMMISSION/COUNCn. ACTION
fROM: BARBARA J. UNDSEIH
Acting Director
SUBJECT: PRIME LINE PRODUCTS
COMPANY EXPANSION - DDA
DATE: November 30, 1994
SvnQP!llis of Previous Commi~,don/Coun~iIICommittee Actionfs):
On July 18, 1994, the Community Development Commission authorized staff to accept a Deed in lieu of foreclosure
from H.A.B. Land Development Company.
On August I, 1994, the Community Development Commission conceptually approved the sale of 7.1 acres of Agency-
owned property to University Service Center, Ltd., to facilitate the construction of a building to accommodate the
proposed Prime Line Products expansion.
Recommended Motion.s):
OPEN JOINT PUBUC HEARING
CLOSE JOINT PUBUC HEARING
CMavor and Common Council)
MOTION A:
RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE UTY OF SAN
BERNARDINO, CALIFORNIA, APPROVING A CERTAIN DISPOSmON AND
DEVELOPMENT AGREEMENT BY AND BETWEEN THE REDEVELOPMENT
AGENCY 0 I' THE OTY OF SAN BERNARDINO AND UNIVERSITY SERVICE
CENTER,LTD. (PRlMEUNEPROJECT)
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Administrator
(Motions continued on next page...) J.^ ,
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BARBARA J. LINDSETH
Acting Executive Director
Contact Person(s): Barbara J. Lind.ethlJohn B. HoeJer
Phone:
5081
Project Area(s):
Northwest
Ward(s):
Six (6)
Supporting Data Attached: Staff Report: ~p. Summary of FimmdBl Ac;pectc;. ResoIution.lIiI. Draft DDA (on file)
FUNDING REQUIREMENTS: Amount: $185.541
Source: Sale Proceed.c;
Budget Authority:
Reqp.ested ahove
Commic;sion/Council Note.lI:
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COMMISSION MEETING AGENDA
MEETING DATE: 12/05/94
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Agenda Item Number:
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REQUEST FOR COMMISSION/COUNCIL ACOON
RE: PRIME LINE COMPANY PRODUCfS EXPANSION - DDA
November 30, 1994
Page 2
Recommended Motionis):
lCommuni(y DevelQpment Commiuion}
MOTION B:
RESOLUflON OF THE COMMUNITY DEVELOPMENf COMMISSION OF TIlE CITY OF
SAN BERNARDINO, ON BEHALF OF TIlE REDEVELOPMENf AGENCY OF THE CITY
OF SAN BERNARDINO, APPROVING A CERT AlN DlSPOSmON AND DEVELOPMENT
AGREEMENf BY AND BETWEENTIlB REDEVELOPMENT AGENCY OF TIlE CITY OF
SAN BERNARDINO AND UNIVERSITY SERVICE CENTER, LTD. (PRIME LINE
PROJECf)
MOTION C:
That the Community Development Commission appmve the form of the Disposition and
Development Agreement, giving slaff suthority to refute existing deal points and negotiate lerms
within the not-Io-exceed limits negotiated by staff, such limits being disclosed in the staff report,
and to execule the Disposition and Developmem Agreemenl subject 10 the Agency obtaining title 10
the property in question. Further, Ihat the Community Developmenl Commission approve
expenditures of $161,340, authorize staff to administer change order requests up to $24,20 I (15%)
due to changes in the scope of developmem and increase the budgel by $185,541.
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COMMISSION MEETING AGENDA
MEETING DATE: 12/05/94
Agenda Item Number: L(
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DEVELOPMENT DEPARTMENT
ECONOMrrCDEVELOPMENTAGENCY
STAFF REPORT
PRIME LINE PRODUCTS COMPANY EXPANSION. DISPOSITION AND
DEVELOPMENT AGREEMENT
With this report, staff seeks approval of a Disposition and Development Agreement with
University Service Center, Ltd., for the development of a 100.000 s.f. warehouse and distribution
facility for use by Prime Line Products. The development will be located on a newly opened
section of Industrial Parkway, between the Cable Creek and Devil's Creek flood control channels,
and will be the fIrst building of its type to be built in several years.
Bar.Jciround
In August of 1990, the Community Development COIrunission approved an Owner Participation
Agreement (OP A) with H.A.B. Land Development Company which provided a loan of
$2,130,000.00 for roadway and bridge construction in the Northwest and State College
redevelopment project areas. The specifIc improvements to be installed were the construction of
two bridges and a roadway cOllllecting Indusu'ial and Hallmark Parkways, including curbs,
gutters, landscaping and underground utilities to be built to City specifIcation and on a1igmnent
approved by the Director of Public Works. In August of 1992, the Community Development
Commission approved an additional $300,000.00 loan in order for the project to be completed as
proposed.
Subsequently, in December of 1992, H.A.B. Land Development Company fIled a Notice of
Completion with the County of San Bernardino, and in March of 1993, the Director of Public
Works certifIed that all work completed in coooection with the bridges over the Devil's Canyon
and Cable Creek Charmels, including approach roadways, was satisfactory. However, additional
improvements are required to complete the tract's off-site development, including underground
utilities.
The principals ofH.A.B. were unable to make 10lUl payments and the Community Development
Commission agreed on July 18, 1994 to accept a Deed in lieu of foreclosure in favor of the
Agency and accept the land "as-is". The estimated fair market value of land in question is $2.6
million ($ I.50/s.f.). On November 27, 1994, staff completed the acceptance of the Deed and the
Agency became the owner of record.
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COMMISSION MEETING AGENDA
MEETING DATE: 12/05/94
Agenda Item Number: l\
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DEVELOPMENT DEPARTMENT STAFF REPORT
Prime Line Products Company Relocation - DDA
November 28,1994
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Prime Line
On August 1, 1994, the Conununity Development Commission approved deal points with Prime
Line Products and University Service Center, Ltd., regarding the acquisition of land in an amount
sufficeint to allow for a proposed Prime Line expansion. In particular, University and Prime Line
are interested in a 7.1 acre parcel of the forty (40) acre site.
Prime Line Products must consolidate its present two (2) facilities at 4985 and 4185 Hallmark
Parkway into a single, larger facility. However, no buildings of sufficient size exist in the City of
San Bernardino. Therefore, a new building of 100,000 s.f., expandable to 125,000 s.f., needs to
be built to meet Prime Line's requirements and to retain 115 jobs within the City of San
Bernardino. Prime Line Product's alternative is to relocate to an already existing building outside
of the City of San Bernardino. Existing buildings are particularly attractive ill the current market
because they are priced below tbe cost of producing new buildings. Prime Line, however, is
willing to pay a premium to keep their present work force and move into a custom designed
building tailored to their individual needs. With assistance from the Agency, the developer will be
able to produce a building that meets Prime Line's needs and still remain competitive.
Lot Line Adiustment
The existing 40 acre site is configured in a mamler that does not allow for proper development.
Of the four parcels in the tract, one has poor street frontage and another has no street frontage.
The parcel without street frontage is inadequate in size to attract any development without
combining the parcel with another. (See map, attached).
In order to provide for adequate development, a lot line adjustment will give all four parcels good
street frontage and square footage for development. TIle Prime Line parcel, Parcel 2, consisting
of7.1 acres, has adequate street frontage and adequate square footage for the proposed 100,000
square foot structure. There is also enough square footage for a possible future expansion.
University Service Center DDA
Based on previous Commission action, the Agency will write-down the cost of the land $1.50/sJ.,
to $1.00/sJ. TIlis write-down results in the developer paying the Agency $309,270 for the Prinle
Line parcel. Fee assistance in the not-to-exceed amount of $48,000 was also requested of the
Agency and approved by the COIrunission. This results is a cash price to the developer of
$261,270.
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COMMISSION MEETING AGENDA
MEETING DAlE: 12105/94
Agenda Item Number: l
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DEVELOPMENT DEP ARTMENT STAFF REPORT
Prime Line Products Company Relocation - DDA
November 28,1994
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In order for the Agency to deliver a developable site for Prime Line Products and serve the
remaining site for future development, the Agency must install certain off-site improvements that
are for the benefit of the 40 acre site. Any costs specifically relating to the 7.1 acre Prime Line
parcel will be the responsibility of the developer. These off-site costs include sewer, grading,
storm drain, water and fue hydrants, electrical and gas. A schedule of the Agency's off-site
reinlbursements to the Developer, in the amount of $131,340, including their related engineering
costs, are attached. The Agency will reimburse the developer for these costs, plus a pro-rated
share of costs in excess of the $131,340. The proration is based on the fomlUla 32.9/40, in that
the Agency will reimburse the Developer 32.9/40th's of the cost of the excess off-site
improvement cost. Any costs for off-sites in excess of those already identified will benefit the
Agency's remaining 32.9 acres of the total 40 acre tract. In addition, Agency staff anticipates
incurring estimated miscellaneous costs not exceeding $30,000 for items such as title insurance,
escrow, lot line adjustments, recording and taxes owed on the 40 acres.
As reported in the attached Sununary RepOlt, the total cost to tlle Agency for this project is
$721,030. Out-of-pocket costs, however, are much less and will be more than covered by the
developer's cash payment for the land. The Agency's out-of-pocket costs are estimated to be
approximately $161,340. The Developer will pay the Agency $261,270 cash for the 7.1 acres of
land, which will fund the Agency's out-of-pocket cost, leaving the Agency a net of $99,930 cash
as follows:
Price of land after write down
Less: Agency permit fee write down
Cash paid by Developer
Less: Reimbursement for off-sites
Less: Escrow, title insurance, back taxes,
lot line adjustment and misc.
Net Cash to Agency
$309,270
(48.000\
$261,270
(131,340)
( 30,000)
$ 29,'30
It should be noted that the attached Disposition and Development Agreement is the nearly final
form of the agreement. With Commission approval, staff will continue to negotiate minor
changes in language, and then execute the Disposition and Development Agreement.
Recommendation
The expansion of Prime Line Products presents the Agency with an opportunity to "jump-start"
the development of a 40 acre site with the development of a 100,000 square foot industrial
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COMMISSION MEETING AGENDA
MEETING DATE: 12/05/94
Agenda Item Number: ~
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DEVELOPMENT DEPARTMENT STAFF REPORT
Prime Line Products Company Relocation - DDA
November 28,1994
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building. The development and completion of infrastructure improvements on the fonner H.A.B.
parcel allows for more rapid development of this vacant area. The anticipated benefits to the
Agency created by the Prime Line project are as follows:
o Retain 115 Prime Line jobs within the City.
o Provide for future growth of 40 new Prime Line jobs.
. Add tax increment to the Northwest Redevelopment Project Area tax base.
. Improve Redevelopment Agency cash flow.
. Create opportunity to expand and add additional jobs for Cumberland-Swan.
When the new facility is constructed for Prime Line Products, Cumberland-Swan, Inc., another
significant industrial user located at 5015 Halhnark Parkway, will lease one of the structures at
4985 Hallmark Parkway currently leased by Prime Line Products. This will provide Cumberland-
Swan with additional facilities for future expansion in San Bernardino.
Staff recommends adoption of the form motion.
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/)CLl teate, C vb-hj~ 'II;
BARBARA J. LINDSETH, Acting Director
Development Department
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COMMISSION MEETING AGENDA
MEETING DATE: 12/05/94
Agenda Item Number: l
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AGENCY REIMBURSEMENTS TO DEVELOPER
All reimbursements shall be for work actually performed, and to the extent that Developer
presents Agency with sufficient documentation with which Agency can verify Developer's claims.
However, in no case shall Agency reimburse Developer in excess of the amounts listed below:
Hard Costs
Grading $ 4,900.00
Storm Drain 7,500.00
Water and Hydrants 36,600.00
Electrical 33,900.00
Gas 7.000.00
Subtotal $89,900.00
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CAlC taxes @ 34% $14,500.00
Civil Engineering 5,500.00
Utility Engineering 9.500.00
Subtotal $29,500.00
Total hard & soft costs $119,400.0
10% contingency 11,940.00
TOTAL NOT-TO-EXCEED REIMBURSEMENT ~~~~J!9
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EXHIBIT "E"
PARCELS AFTER ADJUSTMENT
lJ. . 11'07'38-
R - 1035.00'
T _ 274.14'
L - 544.15'
CHANNEL R/W PER
DEED TO SAN BERNARDINO
COUNTY nooo CONTROl.
DISTRICT BK. 2268/148.
...
INDUSTRIAL PKWY
PER EASEMENT
TO CITY OF SAN
BERNARDINO
INST. 0\-415443 O.R.
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130' .
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d PARCEL 1 ......-1
~ 635,230 S.F. .'
0.. NET ~l"\
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"'- tV L - 175.24' I .
, N 23'22'65- E . ....
V 240.00' ~
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R/W/ UNE PER
DEED TO STATE
OF CAUFORNIA
BK. 3772/02
INST. NO. 55
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tit'
300.'"
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,"-PARCEL 2 !!: ll\
3~70 S.F. G ~
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403.40' ~...
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PARCEL 3 ~ 'I (11
157,130 S.F. ~
NET lot
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769.83' 481.38'
N 59'08'09' E '251.21'
DEVIL CREEK FLOOD
CONTROL CHANNEL
CHANNEl R/W PER
DEED TO SAN BERNARDINO
COUNTY nooo CONTROl.
DISTRICT BK. 2268/142.
POINT OF BEGINNING
FOR DESCRIPllONS L/
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SUMMARY REPORT OF THE
REDEVELOPMENT AGENCY OF THE
CITY OF SAN BERNARDINO CONCERNING
THE PROPOSED DISPOSITION AND DEVELOPMENT AGREEMENT
BY AND BETWEEN THE REDEVELOPMENT AGENCY OF
THE CITY OF SAN BERNARDINO AND
UNIVERSITY SERVICE CENTER. LTD.
(HEALTH AND SAFETY CODE SECTION 33433)
This Summary Report has been prepared pursuant to Health
and Safety Code Section 33433 with respect to the sale of certain
real property (the "Property") pursuant to a Disposition and
Development Agreement (the "Agreement") by and between the
Redevelopment Agency of the City of San Bernardino (the "Agency")
and University Service Center, Ltd., a California limited
partnership (the "Developer").
Backqround
The Agency proposes to acquire certain real property
generally located on Industrial Parkway, adjacent to the Interstate
215 Freeway in the City of San Bernardino. The Property is more
particularly described in the Agreement. The Agency intends to
sell the Property to the Developer.
The Developer intends to
develop the Property with the construction thereon of a 100,000
square foot industrial facility to be occupied by Prime Line
Products.
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Cost to the Aqencv
The original and continuing costs of this Agreement to
the Agency, including any land acquisition costs, clearance costs,
relocation costs, costs of any improvements to be provided by the
Agency, plus the expected interest on any loans or bonds to finance
the Agreement are provided below:
Purchase Price paid by Agency
for the entire parcel.
The Agency received
the property through
a deed in lieu of
foreclosure. The
principal balance of
the loan with
accrued interest was
$2,604,820 which
equates to an
approximate per
square foot dollar
cost of $1.50.
Development, Relocation Costs, Escrow
and Closing costs, unpaid taxes, Etc.
$208,450
The Agency will write down the City
Permit fees in an amount equal to
$48,000.
$48,000
Total Agency costs of Parcel to be
transferred subject to the Agreement
$721,030
Estimated value
The estimated value of the interest to be conveyed,
determined at the highest uses permitted, is approximately $1.50
per square foot.
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Purchase Price
The purchase price for the subject Property to be paid by
Developer is $1.00 per square foot.
Value of Interest Conveyed
It is the Agency's belief that the fair market value of
the Property to be conveyed to the Developer, at the Property's
highest and best use permitted under the Redevelopment Plan, is
greater than the Purchase Price to be paid by Developer. The
transaction constitutes the disposition of the Property to the
Developer for less than fair market value.
The reason for such
'-- disposition is that the development costs of the property when
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added to the purchase price to be paid by the Developer would in
fact exceed the fair market value of the property.
In addition,
the Agency's cost of the Property is significantly less than its
fair market value since the Agency is obtaining the Property
through a deed in lieu of foreclosure and has previously received
the benefit of the development of certain infrastructure items
which were previously constructed to allow a prior proposed
development of the Property.
The sale of the Property will assist in the elimination
of blight by facilitating the development of otherwise vacant land
and ensuring the continued location in the City of San Bernardino
by Prime Line Products which currently employs approximately 115
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c:: persons and anticipates expanding such employment by an additional
40 persons. Moreover, the assessed valuation in the Project Area
will increase as a result of improvement of the Property.
Dated: 1\-\\'-'1 i
REDEVELOPMENT AGENCY OF THE
CITY OF BERNARDINO
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Item:
Exhibit "A"
Exhibit "B"
Action to
be Taken:
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MAYOR AND COMMON COUNCIL OF THE
CITY OF SAN BERNARDINO, CALIFORNIA
AGENDA
December 5, 1994
RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE
CITY OF SAN BERNARDINO, CALIFORNIA, APPROVING A
CERTAIN DISPOSITION AND DEVELOPMENT AGREEMENT BY
AND BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY
OF SAN BERNARDINO AND UNIVERSITY SERVICE CENTER,
LTD. (PRIME LINE PROJECT)
Description of Property
Disposition and Development Agreement
Adopt Resolution.
Certified copy of Resolution to be returned to Sabo & Green, A
Professional Corporation.
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RESOLUTION NO.
RESOLUTION OF THE MAYOR AND COMMON COUNCIL
OF THE CITY OF SAN BERNARDINO, CALIFORNIA,
APPROVING A CERTAIN DISPOSITION AND
DEVELOPMENT AGREEMENT BY AND BETWEEN THE
REDEVELOPMENT AGENCY OF THE CITY OF SAN
BERNARDINO AND UNIVERSITY SERVICE CENTER,
LTD. (PRIME LINE PROJECT)
WHEREAS, the City of San Bernardino, California (the
"City") is a municipal corporation and a charter city duly
created and existing pursuant to the Constitution and the laws of
the State of California; and
WHEREAS, the Community Development Commission of the
City of San Bernardino (the "Commission"), on behalf of the
Redevelopment Agency of the City of San Bernardino (the
"Agency"), is a redevelopment agency, a public body, corporate
and politic of the State of California, organized and existing
pursuant to the Community Redevelopment Law (Part 1 of
Division 24) commencing with Section 33000 of the Health and
Safety Code of the State of California (the "Act"); and
WHEREAS,
University Service Center,
Ltd.
(the
"Developer") is a California limited partnership organized and
existing by and pursuant to the laws of the State of California;
and
WHEREAS, the City has previously approved and adopted
Redevelopment Plans for the Northwest Project Area and the State
College Project Area (collectively hereinafter referred to as the
"Redevelopment Plans"); and
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WHEREAS, the Agency is in the process of acquiring a
certain parcel of land as further described on Exhibit "A" hereto
(the "Property"), which is located in close proximity to both of
the Project Areas subject to the Redevelopment Plans; and
WHEREAS, the Developer has indicated that it desires to
purchase said Property from the Agency in order to cause the
development thereon of an industrial/manufacturing facility to be
occupied by Prime Line Products; and
WHEREAS, the City deems that the sale to and occupancy
of the Property by the Developer will be of benefit to the Agency
and the City by causing the generation of tax revenues and job
opportunities; and
WHEREAS, the City at this time deems it desirable to
approve the sale of the Property by the Agency to the Developer
and to enter into a certain Disposition and Development Agreement
by and between the Agency and the Developer, the form of which is
attached hereto as Exhibit "B" and incorporated herein by this
reference which shall set forth the terms of the Agency's
disposition of the Property; and
WHEREAS, the Disposition and Development Agreement will
provide that the Agency will assist in the Developer's
acquisition of the Property by providing for certain write down
assistance to cover certain development costs of the Developer,
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and to provide such other assistance all as more fully described
in the Disposition and Development Agreement.
NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE
CITY OF SAN BERNARDINO, CALIFORNIA, DO HEREBY FIND, RESOLVE,
DETERMINE AND ORDER AS FOLLOWS:
Section 1. The foregoing recitals are true and
correct and are incorporated herein by this reference.
Section 2. The City, having held a duly noticed
public hearing with the Agency in accordance with Health and
Safety Code Section 33431 and 33433, hereby finds and determines
that the sale of the Property to the Developer is of benefit to
the Agency and the City and will also will promote redevelopment
within the Project Areas of the Agency.
Section 3. The City hereby approves the form of the
Disposition and Development Agreement, a copy of which is
attached hereto as Exhibit "B" and incorporated herein by this
reference.
Section 4. The City hereby approves the sale of the
Property by the Agency to the Developer at a purchase price equal
to One Dollar ($l.OO) per square foot and the funding by the
Agency of certain City Permit fees and closing costs in the
amount not to exceed Seventy Eight Thousand Dollars ($78,000) and
the provision of certain Agency assistance in the funding of
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2 Hundred Eighty Thousand Dollars ($180,000) .
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RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN
BERNARDINO, CALIFORNIA, APPROVING A CERTAIN DISPOSITION AND
DEVELOPMENT AGREEMENT BY AND BETWEEN THE REDEVELOPMENT AGENCY OF
THE CITY OF SAN BERNARDINO AND UNIVERSITY SERVICE CENTER, LTD.
(PRIME LINE PROJECT)
Section 5.
The findings and determinations herein
shall be final and conclusive. This Resolution shall take effect
upon the date of its adoption.
I HEREBY CERTIFY that the foregoing Resolution was duly
adopted by the Mayor and Common Council of the City of
San Bernardino at a
meeting
day of
thereof, held on the
1994, by the following vote, to wit:
Council Members
AYES:
NAYS:
ABSENT:
City Clerk
The foregoing resolution is hereby approved this
day of , 1994.
Mayor of the City of
San Bernardino
Approved as to form and legal content:
By: ~~c&)
~ Ci Attorney
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STATE OF CALIFORNIA
COUNTY OF
On before me,
(here insert name and title of the officer), personally appeared
, personally known to me (or proved to
me on the basis of satisfactory evidence) to be the person(s)
whose name (s) is/are subscribed to the within instrument and
acknowledged to me that he/she/they executed the same in
his/her/their authorized capacity (ins), and that by his/her/their
signature(s) on the instrument the person(s), or the entity upon
behalf of which the person(s) acted, executed the instrument.
WITNESS my hand and official seal.
Signature
(Seal)
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Being a portion of section 12, Township 1 North, Range 5 West, and
section 7, Township 1 North, Range 4 West, and section 18, Township 1
North, Range 4 west, being described as follows.
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Beginning at the intersection of the southwesterly line of that certain
parcel of land as conveyed to the state of california by Deed recorded
in Book 3772, Page 93, Official Records (Interstate 2151, and the
northerly line of that parcel of land conveyed to the San Bernardino
county Flood control District by Deed recorded in Book 2268, Page 142,.
Official Records (Devil Creek channelll thence N3s003'36"W 368.13 feet
along said southwesterly line of Interstate 215 to the true point of
beginning for this descriptionl thence from said true point of beginning
N3s003' 36"W 514 .33 feet to a point tangent to a curve concave to the
west, having a radius of 5909.00 feet, through a central angle of
01015'14", an arc distance of 129.30 feetl thencll IJS40S6'24"W 390.11
feetl thence 823022'Ss"W 240.00 feet to a point in a curve """CAve to
the South, having a radius of 640.00 feet, through a central angle of
29015 '10", an arc distance of 326.76 feetl thence 537021' ss"E 208.98
feetl thence NS4os6'24"E 493.49 feet to close on the true point of
beginning.
Excepting that easement
document No. 91-415442,
Official Records.
for street and highway purposes, recorded as
on October 30, 1991, San Bernardino county
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C 1 EXHIBIT "B"
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2 DISPOSITION AND DEVELOPMENT AGREEMENT
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Item:
Exhibit "A"
Exhibit "B"
Action to
be Taken:
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COMMUNITY DEVELOPMENT COMMISSION OF THE
CITY OF SAN BERNARDINO, CALIFORNIA
AGENDA
December 5, 1994
RESOLUTION OF THE COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF SAN BERNARDINO, ON
BEHALF OF THE REDEVELOPMENT AGENCY OF THE CITY OF
SAN BERNARDINO, APPROVING A CERTAIN DISPOSITION
AND DEVELOPMENT AGREEMENT BY AND BETWEEN THE
REDEVELOPMENT AGENCY OF THE CITY OF SAN
BERNARDINO AND UNIVERSITY SERVICE CENTER, LTD.
(PRIME LINE PROJECT)
Description of Property
Disposition and Development Agreement
Adopt Resolution.
Certified copy of Resolution to be returned to Sabo & Green, A
Professional Corporation.
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RESOLUTION NO.
RESOLUTION OF THE COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF SAN BERNARDINO, ON
BEHALF OF THE REDEVELOPMENT AGENCY OF THE
CITY OF SAN BERNARDINO, APPROVING A CERTAIN
DISPOSITION AND DEVELOPMENT AGREEMENT BY AND
BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY
OF SAN BERNARDINO AND UNIVERSITY SERVICE
CENTER, LTD. (PRIME LINE PROJECT)
WHEREAS, the City of San Bernardino, California (the
"City") is a municipal corporation and a charter city duly
created and existing pursuant to the Constitution and the laws of
the State of California; and
WHEREAS, the Community Development Commission of the
City of San Bernardino (the "Commission"), on behalf of the
Redevelopment Agency of the City of San Bernardino (the
"Agency"), is a redevelopment agency, a public body, corporate
and politic of the State of California, organized and existing
pursuant to the Community Redevelopment Law (Part 1 of
Division 24) commencing with Section 33000 of the Health and
Safety Code of the State of California (the "Act"); and
WHEREAS,
University Service Center,
Ltd.
(the
"Developer") is a California limited partnership organized and
existing by and pursuant to the laws of the State of California;
and
WHEREAS, the City has previously approved and adopted
Redevelopment plans for the Northwest Project Area and the State
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college Project Area (hereinafter collectively referred to as the
"Redevelopment Plans"); and
WHEREAS, the Agency is in the process of acquiring a
certain parcel of land as further described on Exhibit "A" hereto
(the "Property"), which is located in close proximity to both of
the Project Areas subject to the Redevelopment Plans; and
WHEREAS, the Developer has indicated that it desires to
purchase said Property from the Agency in order to cause the
development thereon of an industrial/manufacturing facility to be
occupied by Prime Line Products.; and
WHEREAS, the Agency deems that the sale to and
occupancy of the Property by the Developer will be of benefit to
the Agency and the City by causing the generation of tax revenues
and job opportunities; and
WHEREAS, the Agency at this time deems it desirable to
approve the sale of the Property and to enter into a certain
Disposition and Development Agreement by and between the Agency
and the Developer, the form of which is attached hereto as
Exhibit "B" and incorporated herein by this reference which shall
set forth the terms of the Agency's disposition of the Property;
and
WHEREAS, the Disposition and Development Agreement will
provide that the Agency will assist in the Developer's
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acquisition of the Property by providing for certain write down
assistance to cover certain development costs of the Developer,
and to provide such other assistance all as more fully described
in the Disposition and Development Agreement.
NOW, THEREFORE, THE COMMUNITY DEVELOPMENT COMMISSION
ACTING ON BEHALF OF THE REDEVELOPMENT AGENCY OF THE CITY OF
SAN BERNARDINO DOES HEREBY RESOLVE, DETERMINE AND ORDER AS
FOLLOWS:
Section 1. The foregoing recitals are true and
correct and are incorporated herein by this reference.
Section 2. The Agency, having held a duly noticed
public hearing within the City in accordance with Health and
Safety Code Section 33431 and 33433, hereby finds and determines
that the sale of the Property to the Developer is of benefit to
the Agency and the City and will also will promote redevelopment
within the Project Areas of the Agency.
Section 3. The Agency hereby approves the form of
the Disposition and Development Agreement, a copy of which is
attached hereto as Exhibit "B" and incorporated herein by this
reference.
Section 4. The Agency hereby approves the sale of
the Property to the Developer at a purchase price equal to $1.00
per square foot and further approves the funding of certain City
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permit fees and closing costs in the amount not to exceed Seventy
Eight Thousand Dollars ($78,000) a~d the provision of certain
Agency assistance in the funding of the required infrastructure
items in an amount not to exceed One Hundred Eighty Thousand
Dollars ($180,000).
Section 5. The Agency hereby authorizes the
Chairman or the Executive Director of the Agency, and Secretary
to execute a Disposition and Development Agreement in
substantially the form of Exhibit B, on behalf of the Agency with
any such changes as may be approved by the Executive Director of
the Agency and Agency Counsel.
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RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF
SAN BERNARDINO, ON BEHALF OF THE REDEVELOPMENT AGENCY OF THE CITY
OF SAN BERNARDINO, APPROVING A CERTAIN DISPOSITION AND
DEVELOPMENT AGREEMENT BY AND BETWEEN THE REDEVELOPMENT AGENCY OF
THE CITY OF SAN BgRNARDINO AND UNIVERSITY SERVICE CENTER, LTD.
(PRIME LINE PROJECT)
~
Section 6.
The findings and determinations herein
shall be final and conclusive. This Resolution shall take effect
upon the date of its adoption.
I HEREBY CERTIFY that the foregoing Resolution was duly
adopted by the Community Development Commission of the City of
San Bernardino at a
meeting
thereof, held on the
day of
1994, by the following vote, to wit:
Commission Members:
ABSENT
ABSTAIN
AYES
NAYS
NEGRETE
CURLIN
HERNANDEZ
OBERHELMAN
DEVLIN
POPE-LUDLAM
MILLER
Secretary
day of
The foregoing resolution is hereby approved this
, 1994.
Tom Minor, Chairman
Community Development
Commission of the
City of San Bernardino
By:
SBEO\OOOl\DOC\1076
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STATE OF CALIFORNIA
COUNTY OF
On before me,
(here insert name and title of the officer), personally appeared
, personally known to me (or proved to
me on the basis of satisfactory evidence) to be the person(s)
whose name (s) is/are subscribed to the within instrument and
acknowledged to me that he/she/they executed the same in
his/her/their authorized capacity(ies), and that by his/her/their
signature(s) on the instrument the person(s), or the entity upon
behalf of which the person(s) acted, executed the instrument.
WITNESS my hand and official seal.
Signature
(Seal)
II
o Exhibit "A H 0
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Being a portion of section 12, Township 1 North, Range 5 West, and
section 7, Township 1 North, Range 4 West, and section 18, Township 1
North, Range 4 West, being described as follows.
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Beginning at the intersection of the southwesterly line of that certain
parcel of land as conveyed to the state of california by Deed recorded
in Book 3772, Page 93, Official Records (Interstate 215), and the
northerly line of that parcel of land conveyed to the San Bernardino
County Flood Control District by Deed recorded in Book 2268, Page 142,
official Records (Devil Creek Channel); thence N35003'36"W 368.13 feet
along said southwesterly line of Interstate 215 to the true point of
beginning for this description; thence from said true point of beginning
N35003'36"W 514.33 feet to a point tangent to a curve concave to the
west, having a radius of 5909.00 feet, through a central angle of
01015'14", an arc distance of 129.30 feet; thence 1154056'24"W 390.11
feet~ thence 823022'55"" 240.00 f..t to a point in II. ourVD f:onoaVD to
the south, having a radius of 640.00 feet; through a central angle of
29015'10", an arc distance of 326.76 feet; thence S37021'55"E 208.98
feet; thence N54056'24"E 493.49 feet to close on the true point of
beginning.
Excepting that easement
document No. 91-415442,
Official Records.
for street and highway purposes, recorded as
on october 30, 1991, San Bernardino county
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C 1 EXHIBIT "B"
2 DISPOSITION AND DEVELOPMENT AGREEMENT
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