HomeMy WebLinkAboutR05-Economic Development Agency
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DQELOPMENT DEPARTMEQ
OF THE CITY OF SAN BERNARDINO
ECONOMIC DEVELOPMENT AGENCY
REOliEST FOR COMMISSTON/COliNC". ACTION
From:
KENNB'IHJ.BBNDERSON
Executive Director
Subject: FINANCING OF CENTRAL
POLICE STATION
Date: May 26, 1994
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tiwnoDlltll of Prlll!lvtoDs Commllllton/C~DnclI/Commlttll!f! Adlon(II)~
On May 16, 1994, the Community Development Commission and Mayor and Common approved the
borrowing of ten million dollars ($10,000,000) in bond proceeds from the San Bernardino Joint Powers
Financing Authority to fmance development of a new Central Police Station.
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Recnmmp.nM-d MotionCs):
OPEN PUBUC HEARING
CLOSE PUBUC HEARING
(Mayor and Common Couurll)
MOTION A: RESOLUTION OF 1HB MAYOR AND COMMON COUNCIL OF 1HB CITY OF SAN
BERNARDINO, CAUFORNIA, MAKING FINDINGS AND DBTBRMlNATIONS AS TO 1HB
BBNBFlT OF A POUCB STATION FAClLlTY TO STATE COILBGE PROmer NO.4.
(Commonttv Dt!vlll!ll~Dmt!nt Commlulon)
MOTION B: RESOLUTION OF 1HB COMMUNITY DEVELOPMENT COMMISSION OF 1HB CITY OF
SAN BERNARDINO, CAUFORNIA APPROVING 1HB PROVISION OF FUNDS POR 1HB
ACQUlSmON AND CONSlRUcnON OF A POUCB STATION FAClLlTY AND MAKING
FINDINGS AND DBTBRMlNATIONS AS TO 1HB BBNBFlT OF SAID FAClLlTY TO 1HB
STATE COILBGE PROmer NO.4
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Administrator
Contact Person(s): Kellneth J. Rp.ntfl'!1"AOn/Stafford W. Parker
Phone: 5081
Project Area(s): All
Supporting Data Attached: Staff Reoort
FUNDING REQUlRBMENTS: Amount: $10.000.000
Seven (7)
Ward(s):
Budgel Authority:
Source: Tax Allocation Bonds
Requested
Comml~!llon/Coun~tI Not@~:
KJH:SWP:bond.cdc(dle)
COMMISSION MEETING AGENDA
Meeting Date: 0610611994
A.enda Item Number: !:L
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DEVELOPMENT DEPARTMENT
OF THE CITY OF SAN BERNARDINO
ECONOMIC DEVELOPMENT AGENCY
STAFF REPORT
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FINANCING OF CRNTRAL POLICE STATION
The purpoee of thio Blaff report is to secure City and CoDlDliBBion (Agency) approval of resolutions that will
facilitate the provision of ten million ($10,000,000) in tax allocation bond proceeds neceBBary to build the
Central Police Station. Further, the recommended action is in compliance with the Health and Safety Code
Section 33679 concerning the use of Agency revenueo for the purpose of aBBiBling in the acquisition and
construction of the San Bernardino Central Police Station.
BACKGROUND
On May 16, 1994, the City and Agency approved the borrowing of bond proceeds from the San Bernardino
10int Powers Financing Authority, Tax Allocations bonds (Issue of 1994 - Police Station F"mancing Project).
The purpose was to provide funds to enable City acquisition and construction of a new police Blation. The City
has indicated it will be able to contribute approximately five million dollars ($5,000,000) net funds to the
construction of the station.
In order to aBBiBl in the project's construction, staff has propoeed that the Agency issue tax allocation bonds.
The bonds would be secured by tax increment revenues from the Agency's State College Project No.4 in an
amount not to exceed ten million dollars ($10,000,000). The bond issue would be Bltuctured to allow the San
Bernardino loint Powers F"mancing Authority (JPFA) to issue the bonds and enter into a loan agreement with the
Agency for repayment of the bonds. The total amount of tax increment revenues eBlitnated to be used to repay
the bonds totals fourteen million, two-hundred and fifty dollars ($14,250,000). This methodology of financing is
in harmony with the recommendstions of Miller and Schroeder Financial, Inc., the prospective f"mancial
underwriter and has been reviewed and approved by Agency bond counsel.
There is no other reasonable means to f"mance the police Blotion. The City has budgeted to pay the maximum it
can contribute and the remainder will be paid by the Agency.
The tranBaction, as propoeed, will aBBist the e1imination of blight within the project by providing a safe
environment for residenlB and employees of the project area. Such action will increase stagnant property values,
stabilize and increase the viability of impaired inveatmenlB, reduce abnonna1ly high busineBB vacancies, directly
spur or encourage the development of abandoned buildings and vacant 1018. The spin-off ramifications of these
immediate benefilB, prompted by heightened confidence within the development community, is an increase in
jobs and reduction of crime due to the increased density, more activity, the mere presence of the police station
and other nearby pending and propoeed uses.
Pursuant to State law, in order to use tax increment revenues for the acquisition and construction of land and
improvemenlB, the Agency must hold a public hearing which has been duly noticed in a newspaper of general
circulation (San Bernardino Sun).
K1H:SWP:bond.cdc(dle)
COMMISSION MEETING AGENDA
Meeting Date: 06/0611"4
Agenda Item Number: S
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EDAIDEVELOPMENT DEPARTMENT STAFF REPORT
RE: FInancIng of Central Pollee Station
May 26, "'4
Page 2
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STAFF RRCOM"RNDATION
It is appropriate to approve tesolutiona authorizing the use of tax inctement tevenues to tepay bonds, which
bond proceeds shall be used fOt the acquisition and CODStIUction of the police station, and make further f"mdings
that the police station will benefit the Slate College Project No.4.
In conclusion, staff tecommends the MayOt and Common Council and Community Development Commission
approve the tesolutiona in order to provide fOt the provision of tax increment tevenues fur the tepayment of the
bonds.
Staff tecommends adoption of the motiona "A" and "B".
KENNETH J. HEN ERSON, Executive Du.:ctOt
Development Department
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K1H:SWP:bond.cde(dle)
COMMISSION MEETING AGENDA
Meeting Date: 06/06/1"4
Agenda Item Number: ~
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RESOLUTION NO.
RESOLUTION OF THE MAYOR AND COMMON COUNCIL
OF THE CITY OF SAN BERNARDINO, CALIFORNIA,
MAKING FINDINGS AND DETERMINATIONS AS TO THE
BENEFIT OF A POLICE STATION FACILITY TO
STATE COLLEGE PROJECT NO. 4
WHEREAS, the city of San Bernardino, California (the
"City"), is a municipal corporation duly created and existing
pursuant to the Constitution and the laws of the State of
9 California (the "City"); and
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11 WHEREAS, the Redevelopment Agency of the City of
12 San Bernardino (the "Agency"), is a redevelopment agency, a
13 public body, corporate and politic of the State of California,
o 14 organized and existing pursuant to the community Redevelopment
15 Law (Part 1 of Division 24 commencing with section 33000) of the
16 Health and Safety Code of the State of California (the "Act");
17 and
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19 WHEREAS, pursuant to section 33445 of the Act, the
20 Agency may, with the consent of the Mayor and Common Council of
21 the city (the "council"), pay all or a part of the cost of
22 installation and construction of any building, facility,
23 structure or other improvement which is publicly owned either'
24 within or without the boundaries of a redevelopment project area
25 if the Council determines: (1) that such buildings, facilities,
26 structures or other improvements are of benefit to the
27 redevelopment project area or the immediate neighborhood in which
28 the project is located, regardless of whether such improvement is
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1 within another project area, or in the case of a project area in
2 which substantially all the land is publicly owned that the
3 improvement is of benefit to an adjacent project area of the
4 Agency, (2) that no other reasonable means of financing such
5 buildings, facilities, structures or other improvements is
6 available to the community, and such determination by the Agency
7 and the Council shall be final and conclusive, and (3) that the
8 payment of funds for the cost of the facilities, structures or
9 other improvements will assist in the elimination of one or more
10 blighting conditions inside the project; and
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12 WHEREAS, the City and the Agency have previously
13 approved and adopted the Redevelopment Plan for the State College
14 Project No. 4 (the "Redevelopment Plan"); and
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16 WHEREAS, it is in the interests of the present
17 landowners within the project area subject to the Redevelopment
18 Plan (the "Project Area") and the residents, both within the
19 proj ect Area and wi thin the city generally, that the Agency
20 causes the construction of a certain police station located at
21 700 North "D" Street (the "Police Station"); and
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23 WHEREAS, the Police station will provide needed
24 protective services to the City of San Bernardino which will
25 include services to the members of the Project Area who are in
26 need of such services; and
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1 WHEREAS, stagnant property values, impaired
2 investments, high business vacancies, low lease rates and
3 abandoned buildings and vacant lots are conditions which
4 constitute blight within the Project Area; and
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6 WHEREAS, the Police station shall provide protective
7 services and employment opportunities within the Project Area and
8 thereby eliminate blighting conditions which adversely impact the
9 proj ect Area; and
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11 WHEREAS, the Police Station will serve the entire city,
12 including the Project Area and therefore will benefit the
13 residents and occupants of the Project Area who rely on the
14 provision of such police services; and
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16 WHEREAS, providing the Police station facility to serve
17 the Project Area will make the Project Area more desirable and
18 will increase the incentives for economic reinvestment in the
19 Project Area, thereby contributing to the elimination of existing
20 blighting conditions in the Project Area; and
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22 WHEREAS, in order to promote the City's health, safety
23 and welfare, it is important that the Police station be financed
24 with tax increment revenues to ensure the orderly and timely
25 development of the Project Area and neighboring areas; and
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1 WHEREAS, it is appropriate at this time for the Agency
2 to make certain findings and determinations and take certain
3 action with respect to the construction of the Police station.
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5 NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COMMON
6 COUNCIL OF THE CITY OF SAN BERNARDINO, AS FOLLOWS:
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8 Section 1. The Recitals hereinabove are true and
9 correct and are incorporated herein by this reference.
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11 Section 2. The city consents to the payment by the
12 Agency from tax increment revenues of the costs of the
13 acquisition and construction of a new police station which is of
14 benefit to the Project Area and other neighborhoods within the
15 City for the reasons set forth in the Recitals hereinabove. The
16 city also finds and determines that no other reasonable means of
17 financing the construction of the Police station is presently
18 available to the City and that the city and the Agency require
19 the use of revenues generated from the Project Area in order to
20 fund the construction of the Police station. The City further
21 finds that the construction of the Police station will provide
22 needed protective services and enhance the desirability of the
23 City for economic investment, which in turn will enhance economic
24 investment in the Project Area and thereby eliminate existing
25 blighting conditions.
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27 Section 3. The construction of the Police Station
28 will provide needed health and safety services and employment
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1 related opportunities to the entire city. Such services and
2 opportunities will make the city more desirable for use by
3 residents and occupants of the Project Area and more desirable
4 for development in order to help eliminate blight within the
5 Project Area and other areas of the city.
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7 Section 4. The City Clerk is hereby authorized and
8 directed to cause this Resolution to be transmitted to the Agency
9 for consideration in connection with appropriate action by that
10 body.
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RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN
BERNARDINO, CALIFORNIA, MAKING FINDINGS AND DETERMINATIONS AS TO
THE BENEFIT OF A POLICE STATION FACILITY TO STATE COLLEGE PROJECT
NO.4
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
9 adopted by the Mayor and Common Council of the City of
10 San Bernardino at a
meeting
thereof, held on the
day of
,
1994, by the following vote, to wit:
AYES:
Council Members
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:
JAMES F. PENMAN
City Attorney
By:
SBEOIOl201D0C167
5124/94
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STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO )
CITY OF SAN BERNARDINO )
I, City Clerk of the City of
San Bernardino, DO HEREBY CERTIFY that the foregoing and attached
copy of Mayor and Common Council of the city of San Bernardino
Resolution No. is a full, true and correct copy of that
now on file in this office.
ss
IN WITNESS WHEREOF, I have hereunto set my hand
affixed the official seal of the Mayor and Common Council of
city of San Bernardino this day of
1994.
and
the
,
City Clerk
City of San Bernardino
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RESOLUTION NO.
RESOLUTION OF THE COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF SAN BERNARDINO,
APPROVING THE PROVISION OF FUNDS FOR THE
ACQUISITION AND CONSTRUCTION OF A POLICE
STATION FACILITY AND MAKING FINDINGS AND
DETERMINATIONS AS TO THE BENEFIT OF SAID
FACILITY TO THE STATE COLLEGE PROJECT NO. 4
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7 WHEREAS, the City of San Bernardino, California (the
8 "City"), is a charter city and a municipal corporation duly
9 created and existing pursuant to the Constitution and the laws of
10 the State of California (the "City"); and
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12 WHEREAS, the Redevelopment Agency of the city of San
13 Bernardino (the "Agency"), is a redevelopment agency, a public
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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, pursuant to section 33445 of the Act, the
Agency may, with the consent of the Mayor and City Council of the
City (the "Council"), pay all or a part of the cost of
installation and construction of any building, facility,
structure or other improvement which is publicly owned either
within or without the boundaries of a redevelopment project area
if the Council determines: (1) that such buildings, facilities,
structures or other improvements are of benefit to the
redevelopment project area or the immediate neighborhood in which
the project is located, regardless of whether such improvement is
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1 within another project area, or in the case of a project area in
2 which sUbstantially all the land is publicly owned that the
3 improvement is of benefit to an adjacent project area of the
4 Agency, (2) that no other reasonable means of financing such
5 buildings, facilities, structures or other improvements is
6 available to the community, and such determination by the Agency
7 and the Council shall be final and conclusive, and (3) that the
8 payment of funds for the cost of the facilities, structures or
9 other improvements will assist in the elimination of one or more
10 blighting conditions inside the project; and
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12 WHEREAS, the ci ty and the Agency have previously
13 approved and adopted the Redevelopment Plan for the State college
14 Project No. 4 (the "Redevelopment Plan"); and
15
16 WHEREAS, it is in the interests of the present
17 landowners within the project area subject to the Redevelopment
18 Plan (the "project Area") and the residents, both within the
19 Project Area and within the city generally, that the Agency
20 causes the construction of a police station located at 700 North
21 "D" street (the "Police Station"); and
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23 WHEREAS, the Police station will provide protective
24 services to the City of San Bernardino which will include
25 services to the members of the Project Area who are in need of
26 such services; and
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1 WHEREAS, stagnant property values, impaired
2 investments, high business vacancies, low lease rates and
3 abandoned buildings and vacant lots are conditions which
4 constitute blight within the Project Area; and
5
6 WHEREAS, the Police station shall provide protective
7 services and employment within the Project Area and thereby
8 eliminate blighting conditions which adversely impact the Project
9 Area; and
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11 WHEREAS, the Police station will serve the entire city,
12 including the Project Area and therefore will benefit the
13 residents and occupants of the Project Area who rely on the
14 provision of such police services; and
15
16 WHEREAS, providing the Police station facility to serve
17 the Project Area will make the Project Area more desirable and
18 will increase the incentives for economic reinvestment in the
19 Project Area, thereby contributing to the elimination of existing
20 blighting conditions in the Project Area; and
21
22 WHEREAS, in order to promote the City's health, safety
23 and welfare, it is important that the Police Station be financed
24 with tax increment revenues to ensure the orderly and timely
25 development of the Project Area and neighboring areas; and
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1 WHEREAS, it is appropriate at this time for the Agency
2 to make certain findings and determinations and take certain
3 action with respect to the construction of the Police Station.
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5 NOW, THEREFORE, THE COMMUNITY DEVELOPMENT COMMISSION
6 ACTING ON BEHALF OF THE REDEVELOPMENT AGENCY OF THE CITY OF
7 SAN BERNARDINO DOES HEREBY RESOLVE, DETERMINE AND ORDER AS
8 FOLLOWS:
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10 Section 1. The Recitals hereinabove are true and
11 correct and are incorporated herein by this reference.
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13 Section 2. The Agency consents to the payment by
14 the Agency from tax increment revenues of the costs of the
15 acquisition and construction of a new Police station which is of
16 benefit to the Project Area and other neighborhoods within the
17 city for the reasons set forth in the Recitals hereinabove. The
18 Agency also finds and determines that no other reasonable means
19 of financing the construction of the Police station is presently
20 available to the City and that the city and the Agency require
21 the use of revenues generated from the Project Area in order to
22 fund the construction of the Police station. The Agency further
23 finds that the construction of the Police station will provide
24 much needed protective services and enhance the desirability of
25 the City for economic investment, which in turn will enhance
26 economic investment in the Project Area and thereby eliminate
27 existing blighting conditions.
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1 section 3. The construction of the Police station
2 will provide needed health and safety services and employment
3 related opportunities to the entire city. Such services and
4 opportunities will make the City more desirable for use by
5 residents and occupants of the Project Area and more desirable
6 for development in order to help eliminate blight within the
7 Project Area and other areas of the city.
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9 Section 4. The Agency Secretary is hereby
10 authorized and directed to cause this Resolution to be
11 transmitted to the city for consideration in connection with
12 appropriate action by that body.
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RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF
SAN BERNARDINO, APPROVING THE PROVISION OF FUNDS FOR THE
ACQUISITION AND CONSTRUCTION OF A POLICE STATION FACILITY AND
MAKING FINDINGS AND DETERMINATIONS AS TO THE BENEFIT OF SAID
FACILITY TO THE STATE COLLEGE PROJECT NO. 4
section 5.
This Resolution shall take effect from
5 and after the date of its passage and adoption.
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7 I HEREBY CERTIFY that the foregoing Resolution was duly
8 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:
AYES
NAYS
ABSTAIN
ABSENT
NEGRETE
CURLIN
HERNANDEZ
OBERHELMAN
DEVLIN
POPE-LUDLAM
MILLER
Secretary
The foregoing
day of
resolution is
, 1994.
hereby
approved this
Tom Minor, Chairman
Community Development Commission
of the City of San Bernardino
Approved as to form and legal content:
By:
Agency Counsel
SBEOI0I201D0C\66
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STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO) ss
CITY OF SAN BERNARDINO )
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I, Secretary of the community
Development Commission of the City of San Bernardino, DO HEREBY
CERTIFY that the foregoing and attached copy of Community
Development Commission of the City of San Bernardino Resolution
No. is a full, true and correct copy of that now on
file in this office.
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed the official seal of the Community Development Commission
of the City of San Bernardino this day of
, 1994.
SBEO\01201D0C\66
Secretary of the
Community Development
Commission of the
city of San Bernardino
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