HomeMy WebLinkAbout1986-459
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
RESOLUTION NO. 86-459
RESOLUTION OF THE CITY OF SAN BERNARDINO APPROVING THE SALE
OF THAT CERTAIN PROPERTY IDENTIFIED AS A PORTION OF LOT 31, TRACT
NO. 12034, LOCATED ON VANDERBILT WAY, NORTHWESTERLY FROM CARNEGIE
DRIVE, WITHIN THE TRI-CITY PROJECT AREA, AND A COMPUTER AIDED
DISPATCH SYSTEM AND A CITY HALL TELEPHONE SYSTEM BY THE COMMUNITY
DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO TO THE CITY
OF SAN BERNARDINO (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 San
Bernardino (hereinafter "Commission"), proposes to lease and sell
to the City of San Bernardino (hereinafter "Developer"), that
certain parcel of property identified as a portion of Lot 31,
Tract No. 12034, the exact legal description of which is annexed
hereto as Exhibit "A" and is incorporated herein by reference.
The Commission also intends to lease/sell to Developer a computer
aided dispatch system and a City Hall telephone system.
The
lease/sale price will be the payment over a period of time in an
amount sufficient to pay the principal of $2,875,000, plus
interest, as required by Certificates of Participation to be
issued.
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 interests to be conveyed by the
Commission, determined at the highest use permitted for such
property, is $3,250,000, and the sum of the lease payments which
1
:D
will be made pursuant to the lease will produce a total sum
1
2
greater than $3,250,000.
3 E. All hearings have been held as required by Health and
4 Safety Code Section 33433.
5 SECTION 2. Determination. Based upon the representations
6 of the Commission, it is found and declared that the
7 consideration for the lease/sale of the real property described
8 above and the personal property, in accordance with covenants and
9 conditions governing the lease and sale, is not less than the
10 fair market value of the property determined at the highest use
11 permitted under the Plan for the Tri-City Redevelopment Project
12 Area.
13 SECTION 3. Approval. The Mayor and Common Council of the
14 City of San Bernardino hereby approves this lease/sale of said
15 property upon the terms and conditions set forth in this
16 resolution and the Summary of Financial Aspects.
17 I HEREBY CERTIFY that the foregoing resolution was duly
18 adopted by the Mayor and Common Council of the City of San
19 Bernardino at a
reoular
meeting thereof, held on the
20
3rd
day of
November
, 1986, by the following vote, to
21 wit:
22
23
24
25
26
27
28
AYES:
Council Members
Estrada. Reilly. Quiel.
Frazier. Strickler
NAY S :
None
ABSENT:
Council Members ~~~P?p~~P' Marks
~W~$
/' City Clerk
2
The foregoing resolution is hereby approved this ir/<-' day
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
of
November
, 1986.
Approved as to form:
tfZ -1'1' / i.,//. <:O.~ tIP c~~
' ~;,"t ....-f'... .1,. ,c'id"" .;..,r.",....... j .~.''1t' ,;"4'..."',~fiI (.'~
~<t~F'..... ..' ..- /,."' /f'>~. '.-'0
City Attorney
3
LEGAL DESCRIPTION
FIRE STATION SITE
Being a portion of Lot 31, Tract No. 12034, per map on file in Book 168 of
Maps, Pages 75-87, Records of San Bernardino County, State of California, more
particularly described as;
BEGINNING at the Southwest corner of Lot 31, thence Northerly along the
West line of said lot, a dfstance of 290.00 feet;
THENCE South 890 58' 58" East, a distance of 225.00 feet;
THENCE South 000 01' 02" West, a distance of 190.00 feet;
THENCE South 210 15' 19" 'West, a distance of 143.18 feet; to a point on
a non-tangent curve through which a radial line bears North 210 15' 19"
East with a radius of 493.00 feet; said point being on the North right
of way of Vanderbilt Way;
THENCE Northwesterly along said curve through a central angle of 200 36'
'16", a distance of 177.29 feet to the TRUE POINT OF",BEGINNING.
Said parcel contains 1.50 acres.
EXHIBIT "A"