HomeMy WebLinkAbout1988-481
~
1
2
3
4
5
6
7
8
9
RESOLUTION NO. 88-481
RESOLUTION OF THE CITY OF SAN BERNARDINO APPROVING THE
LEASE WITH OPTION TO PURCHASE OF THAT CERTAIN PROPERTY IDENTIFIED
AS APN 281-031-51 AND 281-041-41, LOCATED ON COOLEY AVENUE
WITHIN THE SOUTHEAST INDUSTRIAL PARK PROJECT AREA, BY THE
COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO TO
ROCKWELL INTERNATIONAL CORPORATION (HEALTH AND SAFETY CODE
SECTION 33433).
BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY
OF SAN BERNARDINO AS FOLLOWS:
SECTION 1. Recitals.
A.
The Community Development Commission of the City of
10 San Bernardino (hereinafter "Commission") proposes to lease, with
11 option to purchase, to Rockwell International Corporation
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
(hereinafter "Developer"), those certain parcels of property
identified as APN 281-031-51 and 281-041-41, located on Cooley
Avenue within the Southeast Industrial Park Redevelopment Project
Area, the legal description of which is set forth in Exhibit "A"
attached hereto and incorporated herein by reference as though
fully set forth in full for the sum of $1.00 per year during the
ten-year term of the lease, with the sale price at the exercise
of the option to be the fair market value as determined by
appraisal.
B.
Notice of the time and place of hearing has been given
as required by law.
C.
The Commission has made available for public
inspection and copying a summary of financial aspects of the
proposed sale.
D.
The summary of financial aspects represents that the
fair market value of the interest to be conveyed by the
DAB:cez
December 1, 1988
1
..
1
2
3
RESOLUTION APPROVING THE LEASE WITH OPTION TO PURCHASE OF
PROPERTY ON COOLEY AVENUE TO ROCKWELL INTERNATIONAL CORPORATION
4 Commission, determined at the highest use permitted for such
5 property is $485,000.
6
E.
All hearings have been held as required by Health and
7 Safety Code Section 33433.
8
9
SECTION 2. Determination.
Based upon the representations
made to the Commission, it is found and declared that the
10 consideration for the real property described above, in
11
12
13
14
15
16
17
18
19
20
21
22
23
accordance with covenants and conditions governing the lease with
option to purchase, is less than the fair market value of the
property determined at the highest use permitted under the plan
for the Southeast Industrial Park Project Redevelopment Area, and
that such lesser consideration is necessary to effectuate the
purposes of the plan as shown on the Summary of Financial
Aspects.
SECTION 3. Approval.
The Mayor and Common Council of the
City of San Bernardino hereby approve the lease with option to
purchase of said property upon 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
24 Bernardino at a regular meeting thereof, held on the 19th day
25 of December , 1988, by the following vote, to wit:
26 III
27 III
28 DAB:cez 2
December 1, 1988
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
RESOLUTION APPROVING THE LEASE OF PROPERTY ON COOLEY AVENUE TO
ROCKWELL INTERNATIONAL CORPORATION
AYES:
Council Members
Estrada, Reilly, Flores,
Maudslev. Minor. Pope-Ludlam. Miller
NAYS:
None
ABSENT:
None
~#P&~b
, City Clerk
'/ I\~
The foregoing resolution is hereby approved this ~ day
of j)L/'/~A... 1988.
16 Approved as to form
and legal content:
,1
17
18
19
20
21
22
23
24
25
26
27
'}
.e'1A_AA A
- VVYV'-U'~
Attorney
28 DAB: cez
December 1, 1988
3
..~.
/....,'
,.
;
,/
" .
EXHIBIT "A"
LEGAL DESCRIPTION
That certain parcel of land in the City of San
Bernardino, County of San Bernardino, state of California,
described as follows:
DAB:cez
9/29/88
PARCEL MAP 4781 THAT PTN PARCEL NO 6 LYING
WEST OF EAST LINE LOT 11 BLOCK 72 R S B
RECORDED MAP BOOK 7 PAGE 2 OFFICIAL RECORDS
AND
PARCEL MAP 4781 THAT PTN PARCEL NO 6 LYING
EAST OF THE EAST LINE LOT 11 BLK 72 R S B
AS RECORDED IN MAP BOOK 7 PAGE 2 OFFICIAL
RECORDS
SUBJECT TO:
Covenants, conditions, restrictions,
reservations, easements and rights of
way of record, if any.
27