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RESOLUTION NO. /=< 7' ~ Y'
RESOLUTION OF THE CITY OF SAN BERNARDINO APPROVING THE SALE
OF APPROXIMATELY 11.39 ACRES OF REAL PROPERTY LOCATED IN THE SOUTH
EAsT INDUSTRIAL PARK REDEVELOPMENT PROJECT AREA TO HUNTLEY
PROPERTIES, INC. BY THE REDEVELOPMEN~ AGENCY OF THE CITY OF SAN
BERNARDINO (HEALTH & SAFETY CODE SECTION 33433).
WHEREAS, the Redevelopment Agency of the City of San
Bernardino is the owner of a certain parcel ~ r~1 property
situated in the Southeast Industrial Park Redevelopment Project
Area and more particularly described in Exhibit "A" attached here-
to and incorporated by reference herein as fully as though set
forth at length; and
WHEREAS, said real property was purchased on December 29,
1976 at a total cost of one hundred nineteen thousand, five hundre
ninety-five dollars ($119,595.00), the fair market value of the
aforesaid property for the highest and best use consistent with
the redevelopment plan; and
WHEREAS, the Redevelopment Agency of the City of San
Bernardino proposes to sell said parcel of real property to
Huntley Properties, Inc., a corporation, for the sum of forty-
five thousand, five hundred sixty dollars ($45,560.00); and
WHEREAS, said selling price is less than the estimated fair
market value of the real property being sold; and
WHEREAS, said forty-five thousand, five hundred sixty
dollars ($45,560.00) selling price is necessary to effectuate the
purposes of the Redevelopment Plan; and
WHEREAS, Huntley Properties, Inc, a corporation, has pro-
posed a development for said real property as a manufacturing
plant for a national furniture manufacturing company; and
WHEREAS, Huntley Properties, Inc. will develop a 100,000
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square foot plant upon the real property with a development cost
of at least 1.5 million dollars, and the furniture manufacturer
will install plant machinery and maintain inventory which will
significantly add to the total development costs. The furniture
manufacturer intends to employ 200 persons from the local labor
area during their peak production periods, and desire to have the
plant in actual manufacturing production as soon as possible; and
WHEREAS, notice of the time and place of hearing has been
given as required by law; and
WHEREAS, the Redevelopment Agency has made available for
public inspection and copying all of the information required by
law; and
WHEREAS, all hearings have been held as required by Health
& Safety Code Section 33433,
NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE CITY
OF SAN BERNARDINO do hereby find and declare that the sale is for
less than estimated fair market value of the parcel of real pro-
perty being sold determined at the highest use permitted under the
Southeast Industrial Park Redevelopment Project Area Redevelopment
Plan and that such lesser consideration is necessary to effectuate
the purposes of said plan for the following reasons:
1. Article V, Subsection B of the Redevelopment Plan pro-
vides and allows industrial uses, including, without limitation,
industrial and industrial park developments which will include
manufacturing, fabrication, production and assembly, wholesale
and resale distribution uses, technical service businesses, re-
search and development and other related compatible uses.
2. The real property involved has been owned by the
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Agency since December 29, 1976, has been available for sale with-
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out any offers therefor being made, and the Agency has been un-
able to sell said property for development since that time.
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3. There is strong competition from the County of San
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Bernardino and from other cities in the area to induce and persuad~
6 developers to locate their developments in their areas. Should
7 the Redevelopment Agency be unable to sell this property for
8 the sale price set forth herein, the developer will undoubtedly
9 develop his plant elsewhere, the parcel would remain undeveloped,
10 and the Agency would lose tax increment revenue which would be
11 generated by the development of the property.
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4. Any claim for a finder's fee provided for by establishe
13 Agency policy for the proposed development has been waived.
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5. All of the recitals set forth hereinabove are
15 incorporated herein by reference.
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6. Approximately forty-five thousand dollars ($45,000.00)
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per year in tax increment revenues will be realized from the pro-
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posed development and the Redevelopment Agency will recover the
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difference between the property and its estimated fair market
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Ivalue determ1ned at the 19hest an best use cons1stent w1th the
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!Redevelopment Plan in less than two years.
7. Should the Redevelopment Agency not sell the parcels of
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real property as proposed herein, the Redevelopment Plan for this
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project area could not be effectuated.
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BE IT FURTHER RESOLVED that the Mayor and Common Council of
the City of San Bernardino hereby approve the sale of the said
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parcels of real property upon the terms, conditions, and for the
reasons herein set forth.
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I adopted by the Mayor and Common Council of the city of San
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! Bernardino at a.-,.,/ /Li~A.....{"~A7"/h.J} meeting thereof, held
I on the ,/c.:?d day of .~~k , 1977, by the following
vote, to wit:
I HEREBY CERTIFY that the foregoing resolution was duly
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Councilmen ~~_('h-; );d~..I~ ~h~--:' I
J~n7/ ~~'?J I
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~:v4'" ~~o~~/P !
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C/ Vx:;:;
~ity C r
/ bd! day
AYES:
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NAYS:
ABSENT:
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The foregoing
of ~p~// " 1977.
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,lAPproved as to form:
l~;)~
pit: t rney W~e/
resolution is hereby approved this
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FILED
SEP/? 1977
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L~~,~~H. City Clerll
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EXHIBIT "A"
That portion of Parcel 2 as shown on the Map of tract No. 2038,
in the County of San Bernardino, State of California, as per map
recorded in Book 29 of Maps, pages 51 and 52, records of said
County, described as follows:
BEGINNING at a point in the west line of Tippecanoe Street, 80
feet wide, 50 feet north of the center line of the Atchison, i
Topeka and Santa Fe Railroad, as shown on Record of Survey recorded
in Book 16, pages 50 to 56, San Bernardino County Records; thence
north 89 degrees 50' west and parallel with said center line a
distance of 1297.54 feet to a point 175 feet easterly from and .
measured at right angles to the easterly property line of the Gage.
Canal as shown on said Records of Survey; thence north 21 degrees
08' 50" east 276.10 feet; thence north 21 degrees 03' 15" east
341.87 feet; thence north 24 degrees 38' 15" east 81.47 feet;
thence north 27 degrees 56' 45" east 102.87 feet; thence north
33 degrees 13' 45" east 80.84 feet; thence north 37 degrees 12'
45" east 42.46 feet to the north line of a proposed 88 foot wide
street, said north line being 894 feet northerly from said center
line of the Atchison, Topeka and Santa Fe Railroad; thence along
the north line of said proposed 88 foot street and parallel with
said center line south 89 degrees 50' east 922.78~eet to the west
line of Tippecanoe Street; thence south 0 degrees 00' 45" east
along the west line of said Tippecanoe Avenue 844 feet to the
point of beginning.
EXCEPTING THEREFROM the east 544.50 feet.
EXHIBIT "A"