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HomeMy WebLinkAbout1986-405 1 2 3 4 5 6 RESOLUTION NO. 86-405 RESOLUTION OF THE CITY OF SAN BERNARDINO APPROVING THE SALE OF THAT CERTAIN PARCEL OF PROPERTY IDENTIFIED AS APN 143-051-05 AND APN 143-391-02, LOCATED ON THE WEST SIDE OF MUSCOTT DRIVE, 300 FEET SOUTH OF 19TH STREET, BY THE COMMUNITY DEVELOPMENT COMMISSION TO SAN BERNARDINO COMMUNITY HOSPITAL. BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO AS FOLLOWS: SECTION 1. Recitals. 7 A. The Community Development Commission of the City of San 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Bernardino ("Commission") proposes to sell to the San Bernardino Community Hospital ("Developer"), that certain parcel of property identified as APN 143-051-05 and APN 143-391-02 located on the west side of Muscott Drive, 300 feet south of 19th Street, which parcel is legally described as set forth in Exhibit "A", attached hereto and incorporated herein by reference, for a sum of $115,700 which will be paid by the Developer by promissory note secured by deed of trust. B. Notice of the time and place of heaEing 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 Commission, 22 determined at the highest use permitted for such property, is 23 24 $115,700. E. All hearings have been held as required by Health and 25 Safety Code Section 33433. 26 SECTION 2. Determination. Based upon the representations 27 of Commission, it is found and declared that the consideration 28 1 ," /..v1 .1//)/ 1 2 3 4 5 6 for the real property described above, in accordance with covenants and conditions governing the sale, is not less than the fair market value of the property determined at the highest use permitted for such property. SECTION 3. Approval. The Mayor and Common Council of the City of San Bernardino hereby approve the sale of said property 7 upon the terms and conditions set forth in this resolution and 8 9 10 11 12 13 the summary of financial aspects, attached hereto as Exhibit "B" and incorporated herein by reference. I HEREBY CERTIFY that the foregoing resolution was duly adopted by the Mayor and Common Council of the City of San Bernardino at a reqular meeting thereof, held on the 6th day of October , 1986, by the following vote, to 14 wit: 15 AYES: Council Members Estrada. Reilly. Hernandez, 16 Frazier, Strickler 17 NAYS: None 18 19 ABSENT: Council Members Marks, Quiel 20 ~J7~4#/ 21 /' City Clerk 22 The foregoing resolution is hereby approved this 7~L day /) / 23 of October , 1986. I 24 25 Approved as to form: 26 27 / I A> /f7 ~r;(~ &d" 4 ~~?;:'~ City Attorney 7 2 EXHIBIT "A" TO GRANT DEED LEGAL DESCRIPTION That certain parcel of land in the City of San Bernardino, County of San Bernardino, State of California, described as follows: That portion of Lots 6 and 31, of the Mount Vernon Orange Grove and Fruit Company's Lands, as per plat recorded in Book 12 of Maps, Page 16, records of San Bernardino County, described as follows: Beginning at a point on the West line of Muscott Street, 82.5 feet wide, at a point 303.00 feet Southerly from the South line of 19th Street (formerly Linville) .60 feet wide; thence Southerly along the West line of said Muscott Street a distance of 322 feet; thence Westerly and parallel to the South line of said 19th Street, a distance of 718.81 feet; thence Northerly and parallel to the West line of said Muscott Street a distance of 322 feet; thence Easterly and parallel to the South line of said 19th Street a distance of 718.81 feet to the point of beginning. SUBJECT TO: Covenants, conditions, restrictions, reservations, easements and rights of way of recor~, if any. ~H\B\T ~ h 34 SUMMARY OF FINANCIAL ASPECTS OF A PROPOSED PUROiASE OF REDEVELOPMENT AGENCY REAL PROPERTY LOCATED WI'ffiIN THE NORTHWEST REDEVELOPMENT PROJECT AREA TO THE SAN BERNARDINO CDMMUNI'IY HOSPITAL It is proposed that the REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO, ("Agency"), will sell to the San Bernardino Community Hospital ("Developer"), real property identified as APN 143-051-05 and APN 143-391-02, located on the West side of Muscott Drive, 300 feet South of 19th Street. A map of the site is attached hereto as Exhibit "A". The Developer is offering to purchase said property for the s urn 0 f $115, 700.00, and proposes to construct a Professional Office Complex on the site to service the Hospital. Since the real property to be sold has been acquired through the use of tax incre- ment n:onies, the following Financial Summary is hereby submitted in accordance with Section 33433 of the California Health and Safety Code. 1. CDST TO AGENCY See Exhibit "B" for breakdown of Costs. $ 117 ,027 .60 2. PUROiASE PRICE TO BE PAID BY DEVELOPER Approximately 231,457 S.F. @ $ .50/S.F. $ 115,700.00 3. NET COST TO AGENCY See Exhibit "B" for breakdown of Costs. $ 1 , 327 . 60 .. 4. The estimated value of the interest to be sold, determined at the highest uses permitted under the Redevelopment Plan is $115,700.00. 5. Although Developer will execute a Note and Deed of Trust in favor of Redevelop- ment Agency, repayment of the Note will be made through tax increment IlDnies generated from the development. 6. A copy of the form o.f Disposition and Joint Development Agreement is attached as Exhibit "C". (Available upon request.) 7 . A Joint Public Hearing of the Mayor and CoIlUOOn Council and the Couununi ty Development Commission of the City of San Bernardino on the sale of this property by the Redevelopment Agency is schedule for 11:00 a.m., July 21, 1986, in the Council Chambers. DATED: July 7, 1986 .EXHIBIT 8 t ; . ..l~. ~;J. ,~- --- ( . ( I .f- _ . I . , ..~. ., -~ i c:.. r - .. - o. r.:. ~~I C' . . ..., '-' . :' I' " LU .,~ I ~_; Cl ,...; Y - ~ ... roJ ~ ~ - . u ~ rn "" '" . 4- .... CII ..c - . ~ << .... 0 ,... "- - --- ... eo - .. ~. r- ,- ~ .-~ ( (- .-J > 0 (~J en \!'J w Q :z >- \!:1 c( z bi .c:t ...I OJ V) LoU 0 >- U- :z c::> 0- z ..ct t::) 0 0.. .:z ::E :z CI C:i 0 <X. 0- u.J u ~ > t- o... - >- J- :J f- :z C:I :::) &.a.. - 0 '-' ~ 0 ~ z e:I c( 0 ~ c. 1 ~ III 116JSn-t'I- .~ , I -"~i:;~~~-.'~ (" ~ ~ -';"~.'~ ~./~;.~~ .~c~~" -- an . -- . I - 1ft EXHIBIT "An o :z - o CJ < 24 OJ W 'Z cD C:J o z....... -=:t ~ V") ..cl C'...,) - o c.:.J ~ . . - ., - 10 U CJ') La- O >- t- - c.,:) t- . . . . . . 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