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1 RESOLUTION NO. /.,5/,.;:?.;<
2 RESOLUTION OF THE CITY OF SAN BERNARDINO APPROVING THE CON-
VEYANCE OF A CERTAIN LOT AND PARCEL OF REAL PROPERTY, AND CERTAIN
3 AIRRIGH'l'S OVER AND ABOVE SAID LOT AND PARCEL OF REAL PROPERTY,
ALL OF SAID PROPERTY BEING CONVEYED BEING SITUATED ON THE EAST
4 SIDE OF "En STREET, 365 FEET NORTH OF SECOND STREET, AND ALL OF
SAID REAL PROPERTY BEING LOCATED WITHIN THE MEADOWBROOK - CENTRAL
5 CITY PROJECT AREA ~O. 1, WITH THE LOT AND PARCEL OF REAL PROPERTY
BEING CONVEYED TO THE CITY OF SAN BERNARDINO AND THE AIR RIGHTS
6 BEING CONVEYED TO GRAND HOTEL , INC., A CALIFORNIA CORPORATION,
SAID CONVEYANCES BEING BY THE REDEVELOPMENT AGENCY OF THE CITY
7 OF SAN BERNARDINO (HEALTH & SAFETY CODE SECTION 33433), AND THE
EXECUTION OF AN OPERATING AGREEMENT WITH GRAND HOTEL, INC.
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WHEREAS, the Redevelopment Agency of the City of San
Bernardino is the owner of the certain parcel of real property
situated in the Meadowbrook - Central City Project Area No.1,
more particularly described in Exhibit "An attached hereto and
incorporated herein by reference as fully as though set forth in
full and at length; and
WHEREAS, said parcel of real property was purchased on
September 24, 1970 for the sum of one hundred forty thousand
dollars ($140,000.00), the fair market value of the said parcel
of real 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 convey the lot and parcel of real property
described in Exhibit "A" and a certain air rights site being
at an elevation of 1,076 feet over and above said parcel of
real property also described in Exhibit "A", with the conveyance
of the lot and parcel of real property being for the purpose
of constructing a Convention-Exhibition Center thereon, and
the conveyance of the said air rights being for the purpose
of constructing and developing a hotel therein; and
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WHEREAS, the current fair market value of said lot and
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parcel of real property together with the air rights applicable
thereto for the highest and best use consistent with the Redevelop
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ment Plan has been determined to be a sum not less than one
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hundred forty thousand dollars ($140,000.00), the purchase price
for said property; and
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WHEREAS, the conveyance of said lot and parcel of real
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property and the conveyance of said air rights is for less than
the fair market value of the property being conveyed; and
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WHEREAS, said conveyances are necessary to effectuate the
purposes of the Redevelopment Plan in that the City of San
Bernardino contemplates developing an expansion of their Con-
vention-Exhibition Center under said air rights site and the
hotel to be developed in said air rights site will complement
and enhance the expanded Convention-Exhibition Center to be con-
structed by City; and
WHEREAS, the development of the enlarged and improved
Convention-Exhibition Center on the lot and parcel of real
property, and the development and construction of the hotel in
said air rights will benefit the Meadowbrook - Central City
Project Area No.1; and
WHEREAS, the City, the Redevelopment Agency of the City
of San Bernardino and the Grand Hotel, Inc., a California
corporation, will develop said parcel of real property, including
the air rights site, in accordance with a plan and concept
initiated pursuant to a Disposition Agreement entered into by
the parties to said agreement; and
WHEREAS, the conveyance of the lot and parcel of real
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property to the City of San Bernardino, and the conveyance of
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the air rights site to Grand Hotel, Inc. are necessary as pro-
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vided herein in order to secure the enlargement and improvement
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of the Convention-Exhibition Center and the development of the
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hotel; and
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WHEREAS, it is necessary for the City of San Bernardino
to enter into an Operating Agreement with Grand Hotel, Inc., a
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California corporation, providing for the operation of said hotel
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and Convention-Exhibition Center; and
WHEREAS, the Mayor and Common Council of the City of San
Bernardino, on December 19, 1977, consented to and did so set a
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Joint Public Hearing for 3:00 p.m., January 9, 1978, with the
Redevelopment Agency, regarding the conveyance by the Redeve10p-
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ment Agency of land and air rights for the development of a
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hotel; and
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WHEREAS, Notice of Joint Public Hearing was published by
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the City Clerk of the City of San Bernardino, in the Sun Telegram
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on December 23, 1977 through January 5, 1978; and
WHEREAS, on January 9, 1978, said Joint Public Hearing was
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duly held in accordance with law, at which evidence, both oral
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and documentary, was received, and the Mayor and Common Council
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I weighed and considered the same, together with public comments
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thereon; and
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WHEREAS, the Redevelopment Agency has made available for
public inspection and copying all of the information required by
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Health and Safety Code Section 33433; and
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WHEREAS, all hearings have been held as required by Health
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and Safety Code Section 33433,
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NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE CITY
OF SAN BERNARDINO do hereby find and declare that the conveyance
of the lot and parcel of real property and the air rights site
is for less than the estimated fair market value of said pro-
perty determined at the highest use permitted under the
Meadowbrook - Central City Project Area No. 1 Plan, and that
such lesser consideration is necessary to effectuate the pur-
poses of said plan for the following reasons:
1. The Redevelopment plan provides and allows commercial
uses, including, without limitation, hotels, retail establishment,
office buildings, motels and such services as are normally
compatible, and, in addition, the overall plan of development
heretofore adopted by the Redevelopment Agency and the City
for the Central City Area and, particularly, the land over
which the air rights site is located specifically provide for
the construction and development of a Convention-Exhibition
Center and hotel.
The Redevelopment Agency and the City have endeavored to
find a developer to construct a hotel within the air rights site
for the past 10 years and have been unsuccessful until the
present time;
2. The conveyance of the lot and parcel of real property
described in Exhibit "A",less the air rights as aforesaid, will
enable and promote the development and expansion of the Con-
vention-Exhibition Center for a public purpose, to wit: a public
Convention-Exhibition Center for the citizens of the City of San
Bernardino;
3. Alleviation of current operating net yearly deficit of
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approximately $188,000.00 of the City of San Bernardino Con-
vention-Exhibition Center,
4. A modernization and upgrading of the facilities of the
Convention-Exhibition Center,
5. Expanded services of the Convention-EXhibition Center,
6. The refurbishing, modification and construction of the
Convention-Exhibition Center,
7. Expanded financial resources realized by the City of
San Bernardino as a serious and successful contender for West
Coast conventions, exhibitions and conferences,
8. The generation and receipt of approximately $151,000.00
of various taxes resulting from the operation of the hotel,
9. If the Redevelopment Agency does not convey the lot
and parcel of real property to the City of San Bernardino and
the air rights to Grand Hotel, Inc. as aforesaid, the total
consideration for which may be less than the fair market value,
the development and expansion of the Convention-Exhibition
Center will not be completed or possible, and the Redevelopment
Plan for the project area cannot be effectuated,
10. The real property involved herein has been owned
since September 24, 1970, and has been held for the development,
expansion and improvement of the Convention-Exhibition Center
and for the development of a hotel,
11. There is no claim for a finder's fee provided for by
established Redevelopment Agency policy for the proposed
development,
12. All of the recitals set forth hereinabove are
incorporated herein by reference,
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13. Should the Redevelopment Agency not convey the real
property described and proposed herein, the Redevelopment Plan
for this project area could not be effectuated.
BE IT FURTHER RESOLVED that the Mayor and Common Council
of the City of San Bernardino hereby approve said Operating
Agreement and the conveyance of the lot and parcel of real
property and the said air rights as described herein upon the
terms, conditions, and for the reasons herein set forth, and
authorize the execution of said Operating Agreement.
I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the Mayor and Common Council of the City of San
..rnardino at a "~~~~/ meeting th.reof, heid
on the ~~~day of ____ _________,1978, by the following
vote, to wit: J
AYES: Councilmen ~aJ-~ c/(~<<--, J~
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NAYS: '7lJJtR ./
ABSENT: ~~~ 2L~< Wh~
of
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ino
n The foregoing resolution
erk
d this =?~ day
, 1978.
,..- I L. E 0
JAN 26 1978
iJCIL.Lf GOFORTH! tllvClerk
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