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HomeMy WebLinkAbout12790 .jl i I I 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 /.:4 7;JGJ / RESOLUTION OF THE CITY OF SAN BERNARDINO AUTHORIZING THE EXECUTION OF AN AGREEMENT WITH ASSOCIATED SOUTHERN rNYESTMENT COMPANY PROVIDING FOR AN APPRAISAL OF REAL PROPERTY TO BE ACQUIRED FOR THE MILL STREET OVERPASS. RESOLUTION NO. BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO AS FOLLOWS: SECTION 1. The Mayor of the City of San Bernardino is authorized and directed to execute on behalf of said City an agreement with Associated Southern Investment Company providing for an appraisal of real property to be acquired for the Mill Street Overpass, a copy of which is attached hereto, marked Exhibit "I" and incorporated herein by reference as fully as though set forth at length. I HEREBY CERTIFY that the foregoing resolution was duly adopted by the Mayor and Common Council of the City of San Bernardino at ~7.J1J/h.#/~meeting thereof, held on the dJ.3/:1 day of "/:7r7' 1977, by the following vote, to wit: AYES: councilme~ ~~~aj l.~'~A~ ~/~h~ ~/Ah~7 A.O"~4"'~ ~~ I!:~:l-A,d ~ NAYS: ABSENT: (~A~-/~ ~~'.Y C~ty H~ The foregoing resolution is hereby approved this .:2$"'tJ day of ~~'fA ~ J1j.:~~,?,:: ':( . ;!':.~ . "'-~';>~~'" ~.' "-.'p~~ ~ ~.' ~.,. ~ jt{. ~, ~~:.I\'. Z~t4; "':\~ i~':'." t.,~ . , I! 1 rJ~::U11 6 II II ,I II il Ii 1 a municipal corporation, hereinafter called "City", and ASSOCIATED Ii SOUTHERN INVESTMENT COMPANY, a corporation, hereinafter called AGR!!MEliT 2 {review appraiser} 3 4 5 AGREEMENT is made and entered into this ~.J-J, day of THIS __} u,,} E , 1977, by and between the CITY OF SAN BERNARDINO 7 "Company" . 8 9 10 11 w !. T N E SSE T H: WHEREAS, City on June 29, 1976 filed an eminent domain action, Superior Court Case No. 172051, to acquire approximately 1.66 acres of real property of Company for the Mill Street 12 Overpass project; and WHEREAS, City and Company, for negotiation purposes, have 13 14 conducted preliminary appraisals of the real property sought to be condemned for said project; and WHEREAS, City's negotiation appraisal of the value of said taking and damages is $17,200.00 and Company's negotiation appraisal is $29,560.00; and 15 16 17 18 19 20 WHEREAS, arriving at a determination of value through a 21 trial of the pending court case would be very costly in terms of high appraisal fees for both parties and result in considerable 22 costs of trial; and 23 WHEREAS, the parties hereto are desirous of arriving at a 24 25 26 27 28 fair determination of value for the subject real property by an independent appraiser and settlement of the pending Superior Court case based upon said independent appraisal, NOW, THEREFORE, in consideration of the mutual agreements, provisions, promises and legal detriments herein contained, it is 1 i, ii'" II 1\ agreed as follows: I II II II il Ii the American Institute of Real Estate Appraisers, shall appraise II the real property of Company described in the complaint filed in II the Superior Court action including the value of the taking, Ii determination of any special benefits, and severance damages, said I appraisal report to be prepared in accordance with the standards 2 The parties agree that: 3 1. Edward G. Grigsby, a qualified appraiser and member of 4 5 6 7 8 9 of the American Institute of Real Estate Appraisers. The parties 10 hereto shall each pay one-half of the appraisal fee. The 11 description of the real property to be appraised is set forth in 12 Exhibit "An attached hereto and incorporated herein by reference 13 as fully as though set forth at length. 14 2. The parties hereto agree to accept and be bound by the appraisal determined by the procedure set forth in Paragraph 1, except it is understood and agreed that for purposes of this agreement and settlement of Superior Court Case No. 172051, that the price to be paid by City and accepted by Company for the subject real property shall not be less than $17,200.00, nor more 15 16 17 18 19 20 21 than $29,560.00. 3. It is recognized by the parties hereto that the 22 appraiser appointed as above should have the appraisal assignment 23 explained to him before proceeding to appraise the property and 24 it is agreed that this explanation shall be given by the attorneys 25 of the parties hereto in each other's presence. It is also 26 recognized that a need for further explanation may arise as the 27 appraisal assignment progresses and that advice on legal issues 28 may be necessary. If such should occur, said attorneys shall not -2- .... . 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 Ii Ii il II I independently give such explanation and/or advice but shall do so I only in each other's presence and/or pursuant to another mutually II agreeable method as may be determined at the time the need there- I for arises. Should said attorneys be unable to agree about the I proper advice to give said appraiser, then and in that event the issue and/or issues over which such disagreement exists shall be presented to the court for decision by bifurcating the case and presenting just said issue or issues to the court, and said appraisal shall be completed in accordance therewith. Neither party hereto nor the attorneys shall advise the appraiser of the terms of this agreement other than such informa- tion as may be required by the appraiser pursuant to the preparation of his report. 4. Upon receipt of the appraisal report described in Paragraph 1, the parties hereto agree to enter into an escrow for City to purchase from COmpany the subject real property for the total compensation as determined in the appraisal report and sub- ject to the limitations in Paragraph 2. Upon completion of the purchase transaction as aforesaid, City shall dismiss Company with prejudice from Superior Court Case No. 172051, and Company shall agree to said dismissal and release City from all claims it may have as a result of City's acquisition of said property. 5. Time is of the essence with respect to the performance of th.e terms of this agreement. 6. All notices herein required shall be in writing and delivered in person or sent by first class mail, postage prepaid, addressed as follows: . . . . . . . . . . -3- ....J 1 j: ,I , i I ; ! " 2 Ralph H. Prince city Attorney [' Room 668, City Hall 300 North -On Street I San Bernardino, CA 92418 I Jerry A. Brody I Assistant Counsel P. O. Box 800 i 2244 Walnut Grove Avenue II Rosemead, CA 91770 I IN WITNESS WHEREOF, the parties hereto have executed this I' Ii if agreelllent on the day and year first above written. 3 4 5 6 7 8 9 10 ATTEST: 11 ASSOCIATED SOUTHERN INVESTMENT COMPANY 12 13 14 15 16 ~ By 17 By 18 19 ~~/ C ty A orney 20 21 22 23 24 25 26 27 28 -4- ~. . 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 ". EXHIBIT RAn PARCEL NO. 1 All that property in the City of San Bernardino; County of San Bernardino, State of California, described as follows: All that portion of Parcels No. 1 and 3 of Parcel Map No. 2951, as per plat thereof filed in Book 25 of Parcel Maps, page 78, records of the County Recorder of said County which lies within the following described land: That portion of Parcel Map No. 2951 as per plat thereof filed in Book 25 of Parcel Maps, page 78, records of said County and being described as that portion of Lot 8, Block 82 of the Rancho San . Bernardino, in the City of San Bernardino, County of San Bernardino, State of california, as per map or plat recorded in Book 7 of Maps, page 2, records of said County, described as follows: I II Commencing at the northwest corner of said LO. t 8, thence north 89~ 55' 3(l" east (rec. N 890 56' 52R El, along the north boundary line of said Lot, 33.00 feet to the true Point of Beginning; thence south 00 04' 30n east, (rec. B 00 01' 00" Wl parallel with the west boundary line of said Lot, 398.01 feet to a non-tangent curve having a radius of 187.00 feet and whose center bears north [890 55' 30;1 east; thence northeasterly along said curve to the right through a central angle of 980 00' 04" an arc distance of 319.85 feet to a point of tangency with a second curve whose radius is 93.00 feet and whose center bears north 70 55' 04" east; thence northeasterly along the second named curve to the left through a central angle of 1150 18' 22. an arc distance of 187.16 feet; thence tangent to the second named curve north 170 22' 47" west 45.42 feet to a point of tangency with a third curve which has a radius of 17.00 feet and whose center bears north 720 37' 13. east; thence northeasterly along the third named curve to the right through a central angle of 900 38' 07" an arc distance of 26.89 feet to a point of tangency with a fourth curve which has a radius of 1388.75 feet and whose center bears south 160 44' 40. east; thence northeasterly along said fourth curve to the right through a central angle of 40 44' 20" an arc distanCe of 114.87 feet to a point in the north boundary line of said Lot 8; thence south 890 55' 30" west, along said north boundary line, 423.88 feet to the true Point of Beginning; containing an area of 1.6921 acres more or less. PARCEL NO. 2 All that property in the City of San Bernardino, County of San Bernardino, State of California, described as follows: That portion of Parcel No. 1 of Parcel Map No. 2951 as per plat thereof filed in Book 25 of Parcel Maps, page 78; records of the County Recorder of San Bernardino County; State of California, described as follows: ~ .- '. 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 .Ii ", Ii ,I 'i Commencing at the northwest corner of Lot 8, Block 82, Rancho San iBernardino as per plat thereof recorded in Book 7 of Maps, page 2, irecords of the COunty Recorder of said CountYl thence north 890 155' 30. east (rec. N 890 56' 3211 E) along the north boundary line lof said LOt 8, a distance of 33.00 feetl thence south 00 04' 3011 least, (rec. N 00 01' 0011 W) parallel with the west line of said !Lot 8, a distance of 398.01 feet to the beginning of a reverse tangent cUrve, concave southeasterly and having a radius of 187.00 feet, a radial line of said curve at said point bears north 890 55' 3011 eastl thence northeasterly along said curve through a central angle of 980 DO' 04", a distance of 319.85 feet to the beginning of a reverse curve, concave northwesterly and having a radius of 93.00 feet 1 thence northerly along said curve thrQugh a central angle of 070 55' 34., a distance of 12.86 feet to the true point of beginniu.gl theRce continuing along said last mentioned curve through a central angle of 1070 22' 48" a distance of 174.30 feet; thence north 170 22' 4711 west, a distance of 45.42 feet to the beginning of a tangent curve, concave south- easterly and having a radius of 17.00 feetl thenCe northeasterly along said curve through a central angle of 900 38' 07", a distance of 26.89 feet to the beginning of a compound curve, concave southeasterly and having a radius of 1388.75 feet; thence northeasterly along said curve to its intersection with the east line of said Parcel No. 1, thence south 00 01' 00" east along said east line to its intersection with a line which is drawn north 890 55' 30" east from the true point of beginning 1 thence south 890 55' 30" west along said line to the True Point of Beginning. 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