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Home My WebLink AboutR03-Redevelopment Agency I ~- ... ',,", , II. (, -- I.,.,.. DBVBLOPMBBT DBPARTMBBT or THE CITY or SAIl BBRlWIDllIO r " - 1lB0UBST FOR Cm.nSSIOB/COUBCIL ACTIOB From: KENBBTH J. HENDERSON Executive Director Subject: SALE or 101 IIORTH "I" STREET BUILDING Date: July 29, 1992 ------------------------------------------------------------------------------- SvnoDsis of Previous C~ission/Counci1/C~ittee Action(s): On May 4, 1992, the Community Development Commission received and filed a staff report regarding the proposed sale of property located at 101 North "I" Street. (Synopsis Continued to Bext: Page...) ------------------------------------------------------------------------------- Recommended Motion(s): (Mavor and C~ Council) MOTIOB RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO APPROVING A CBRTAIN DISPOSITION AND DEVELOPMENT AGREEMENT BY AND BBTWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO AND BILLY ARDT, INC. (UPTOWN REDEVELOPMENT PROJECT AREA). ~~~}=~OB Executive Director Administrator ------------------------------------------------------------------------------- Contact Person(s): Ken Henderson/Emilv WOIUl Phone: 5081 Project Area(s): Uotown CUT) Ward(s) : Three(3) Supporting Data Attached: Staff ReDort: DDA: Financial Summary FUNDING REQUIREMENTS: Amount: $ Source: N/A N/A Budget Authority: N/A ------------------------------------------------------------------------------- Commission/Council Botes: ------------------------------------------------------------------------------- KJH:EMW:JMW:lag:0933E comnSSIOB MEETING AGENDA Meeting Date: 08/03/1992 Agenda Itell Btaber: J 1- _, .. .". ... " .. f' " - '-' REQUEST FOR COIBISSIOB/COUBCIL ACTIOB Sale of 101 Borth "B" Street Building July 28, 1992 Page NUIIlber -2- -- SvnoDsis of Previous Cnnmfssion/Counci1/CnBBfttee Action(s) Continued: On May 18, 1992, a joint public hearing was held on the sale of this property. The Community Development Commission authorized the Executive Director to enter into a Disposition and Development Agreement with Billy Ardt, Inc. (Games for Fun International) for the sale of the subject property. On July 20, 1992, the Community Development Commission adopted a resolution approving a certain disposition and development agreement by and between the Redevelopment Agency of the City of San Bernardino and BUy Ardt, Inc. KJH:EMW:JMW:lag:0933E ClMnSSIOB MEETING AGBImA Meeting Date: 08/03/1992 Agenda It_ lImIber: J '" '"" ,. " c. ,-.. .......... ---- - DBVBLOPMBBT DBPARTMBBT or THE CITY or SAIl BERlWIDlBO STAFF REPORT Sale of 101 Borth "I" Street Buildina On July 20, 1992, the Community Development Commission approved a Disposition and Development Agreement between the Redevelopment Agency of the City of San Bernardino and Billy Ardt, Inc., doing business as Games For Fun International and Billiards Surplus. Under the agreement, the developer will be rehabilitating 101 N. "I" St. (the old "Mental Health" building) for a manufacturing reuse. When the work is completed, title will transfer to the developer and the Agency will receive the $225,000.00 purchase price in cash (less miscellaneous escrow costs). After the July 20, 1992 Community Development Commission meeting, it was brought to staff's attention by Senior Assistant City Attorney Dennis Barlow that there should also have been a corresponding action by the Mayor and Common Council, approving the subject Disposition and Development Agreement. Accordingly, please find attached for your reference a copy of the proposed resolution of the Mayor and Common Council. Staff recommends adoption of the form motion. d!~~~B' Executive Deve10paent Departaent Director KJH:EMW:JMW:1ag:0933B COIMISSIOB MEBTIBG AGBBDA Meeting Date: 08/03/1992 AgeDda It_ Blaber: J 1 2 - "110 3 4 5 6 7 8 9 10 11 12 13 14 ," 15 .t!' lit 16 17 18 19 20 21 22 23 24 25 26 27 , 28 ~ ~,----:-...~ . ", '. . /....., '- "'""" -- RESOLUTION NO. RESOLUTION OF THE MAYOR AND COMMON COUNCIL OFj THB CITY OF SAN BERNARDINO APPROVING A CERTAIN DISPOSITION AND DEVELOPMENT AGREEMENT BY AND BETWEEN THE REDEVELOPMENT AGENCY OF THB CITY OF SAN BERNARDINO AND BILLY ARDT, INC. (UPTOWN REDEVELOPMENT PROJECT AREA) . WHEREAS, the Redevelopment Plan for the Uptown Redevelopment Project (the "Redevelopment Plan") was approved and adopted by the Mayor and Common Council of the City of San Bernardino (the "Mayor and Common Council") by Ordinance No. MC-527, dated June 18, 1986: and WHEREAS, the Redevelopment Plan provides for the redevelopment of real property pursuant to the Redevelopment Plan by owners thereof or by parties .eeking to acquire real property from the Redevelopment Agency of the City of San Bernardino (the "Agency"): and WHEREAS, Section 33391 of the Community Redevelopment Law (Part 1 of Division 24 (commenCing with Section 33000) of the Health and Safety Code of the Sta1:e of California) (the "Act") proVides that a redevelopment agency may acquire any real or personal property within a redevelcpment project are. or for~he purposes of redevelopment and Section 33430 of the Act provides that · redevelopment agency may di~pose of any real or personal property within a redevelopment prOject area or for the purposes of redevelopment: and WHEREAS, the Agency and Billy Ardt, Inc. (the "Redeveloper") desire to enter into a certain Disposition and Development Agreement (the "Agreement"), a copy of which is attached hereto as Exhibit "A" incorporated herein by reference, pursuant to which, among other matters, the Redeveloper would acquire from the Agency DAB/."/Ardt.r.. 1 .1u17 15. 1992 ---- J~ -. - -- - the Site which is described in Attachment w2w to Ezh1b1t wAw, which is attached hereto and incorporated herein by this reference. The Site is located within the area subject to the Redevelopment Plan (the WProject AreaW). The acquisition would be for purposes of the redevelopment thereof, as described in the Agreement, inCluding remodeling of the structure on the Site by the Redeveloper and the establishment of a games rehabilitation and distribution business (the WProject.); and WHEREAS, the Agency Staff has prepared and made available for pUblic inspection a certain Summary Report (the .Summary-) concerning the proposed Agreement, as required by Health and Safety Code Section 33433, a copy of which 18 on file with the Executive Director of the Agency and the City Clerk of the City of San Sernard1no and is incorporated herein by reference; and WHEREAS, the Mayor and Common Counc1l have duly noticed and conducted a public hearing in accordance with the requirements of Health and Safety Code Section 33433 concerning the proposed sale of the Site by the Agency to the Redeveloper pursuant to the proposed Agreement; and , WHEREAS, the Co_unity Development Commission of the City of San Sernard1no (the .Co_1ss1on-) on behalf of the Agency has duly noticed and conducted a public hearing in accordance with the requirements of Health and Safety Code Section 33431 concerning the proposed sale of the Site by the Agancy to the Redeveloper pursuant to the proposed Agreement; and WHEREAS, based upon the evidence and testimony submitted to the Commission and the Mayor and Common Council, it is reasonable and appropriate for the Agency to enter into the proposed DAB/.../Ardt. .... 2 !lay 12. 1992 . .,. ~-:"5- I ~-- .. 1 ",. 2 .. 3 4 5 6 7 8 9 10 11 12 13 14 r", 15 '" 16 17 18 19 20 21 22 23 24 25 26 27 , 28 " -~~- ,...., "-' ,-... -- Agreement, NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO AS FOLLOWS: SECTION 1. The Mayor anlS COIIIIDon Council hereby finlS ancs lSetermine that the lSeve10pment of the Site a. lSescribelS in the proposelS Agreement is within the scope, terms anlS provisions of the Redevelopment Plan. SECTION 2. The Mayor and Common Council hereby accept and approve the Summary. SECTION 3. The Mayor anlS Common Council hereby finlS anlS determine that the consideration to be pailS by the Redeveloper to the Agency for the conveyance of the Site pursuant to the Agreement i8 not less than the fair market value of the Site. However, to the extent that the sale of the Site by the Agency to the Redeveloper pursuant to the proposed Agreement may be deemed to be less than the fair market value thereof, the Mayor ancs Common Council hereby find anlS determine that the conveyance of the Site for less than fair market value is reasonable anlS necessary to effectuate the purposes of the Redevelopment Plan, in , that the conveyance for les8 than the fair market value will permit the Redeve10per to acquire the Site for redevelopment and in order to e1iminate blight, to create employment opportunities, to increase the value of rea1 property in the Project Area and to cause the City anlS the Agency to receive additiona1 tax revenues as a result of relSevelopment. Absent the conveyance of the Site for less than fair market value, the Redeveloper wou1lS likely not proceed with the purchase thereof anlS redevelopment of the Site. 1// IIAB/.../Ardt. nil 3 ...,. 13. 1992 "- -~----.;-_._------=- J'~ -_.~-- -.. -~-- -- -- -""", - -- RESOLUTION...DISPOSITION AND DEVELOPMENT ACREEMENT BY AND BETWEEN THE REDEVELOPMENT ACENCY OF THE CITY OF SAN BERNARDINO AND LOMA LINDA UNIVERSITY (UPTOWN REDEVELOPMENT PROJECT 'UEA). SECTION 4. The Mayor and Common Council hereby approve the proposed Agreement and the conveyance of the Agency'. interest in the Site by the Agency to the Redeveloper. 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 thereof, held on the day of , 1992, by the fOlloWing vote, to wit: Council Members: m! NAYS - ABSTAIN ABSENT ESTRADA REILLY HERNANDEZ MAUDSLEY MINOR POPE-LUDLAM MILLER , City Clerk The foregoing resolution is hereby approved this , 1992. of day w. R. HOlcomb, Mayor City of San Bernardino Approved as to . ~orm and legal content: JAMES F. PENMAN, City Attorney B~~ IWI/"./Ardt. r.. 4 "-7 U. 1992 -~ '-.--"--.-..-...---- ..J