HomeMy WebLinkAbout1997-5533
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RESOLUTION NO. 5533
RESOLUTION OF THE COMMUNITY DEVELOPMENT
COMMISSION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF SAN BERNARDINO PRELIMINARILY
APPROVING THE PROPOSED TERMS OF AN AGREEMENT
BETWEEN COTT BEVERAGE COMPANY AND THE
AGENCY AND AUTHORIZING STAFF TO CONTINUE
NEGOTIATIONS WITH COTT BEVERAGE CO. AND TO
PUBLISH A NOTICE OF PUBLIC HEARING TO
CONSIDER A FINAL AGREEMENT
WHEREAS, the Community Development Commission (the
"Board") is the governing body of the Redevelopment Agency of the
11 City of San Bernardino (the "Agency"), a public body corporate
12 and politic organized and existing under the laws of the State of
13 California; and
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WHEREAS, Cott Beverage Co. ("Cott") is a California
16 corporation with a warehouse facility located within a portion of
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the Inland Valley Development Agency ("IVDA") Redevelopment
Project Area (the "Project Area") within the City of San
Bernardino; and
WHEREAS, Cott has requested the assistance of the
Agency in the form of a capital contribution of approximately
($440,000)
for the
Four Hundred Forty Thousand Dollars
rehabilitation and construction of a new warehouse
(the
26 "Project"), subject to the terms and conditions contained on the
27 Deal Point Memorandum attached hereto as Exhibit "A"; and
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WHEREAS, the Agency desires to commence drafting of an
owner participation agreement with Cott consistent with the terms
of the Deal Point Memorandum and subj ect to approval of said
owner participation agreement by the Board after a public
hearing; and
WHEREAS, the IVDA and the Agency have cooperated in the
past to allow the Agency to initiate redevelopment proj ects
within the IVDA's Project Area by the granting of certain IVDA
redevelopment powers to the Agency for a particular project; and
WHEREAS, the Agency shall cooperate with the IVDA staff
in order to obtain the requisite approvals for this transaction.
NOW, THEREFORE, THE COMMUNITY DEVELOPMENT COMMISSION,
ACTING ON BEHALF OF THE REDEVELOPMENT AGENCY OF THE CITY OF SAN
BERNARDINO, DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
Section 1. Recitals. The Recitals contained herein
are true and correct and incorporated herein by this reference.
Section 2. Documents. The Board hereby directs
Staff to prepare or cause the preparation of a draft owner
participation agreement with Cott and to obtain the requisite
approvals from the IVDA to carry out the aforementioned
transaction.
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Public Hearing.
Section 3.
The Board hereby
authorizes Staff to publish notice of public hearing in order to
hold a hearing in accordance with Health & Safety Code Section
33444.6 prior to the approval of an owner participation
agreement.
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