HomeMy WebLinkAbout1994-5395
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RESOLUTION NO. 5395
RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE
CITY OF SAN BERNARDINO ON BEHALF OF THE REDEVELOPMENT AGENCY OF
THE CITY OF SAN BERNARDINO APPROVING THE EXECUTION OF A
CERTIFICATE OF COMPLETION FOR SP COMMERCIAL DEVELOPMENT FOR THE
DEVELOPMENT OF THE CLUB CENTER.
5 WHEREAS, the Redevelopment Agency of the City of San
6 Bernardino and SP Commercial Development entered into that certain
7 Owner Participation Agreement dated June 14, 1984, and recorded on
8 July 20, 1984 as document number 84-171574 of Official Records of
the Recorder of San Bernardino County; and
WHEREAS, the parties approved an Amendment to the Owner
Participation Agreement dated May 2
, 1994; and
WHEREAS, the Owner Participation Agreement related to the
development of the Club Center in the South Valle Redevelopment
Project Area in the vicinity of Hunts Lane, Redlands Boulevard,
Caroline Avenue and Concourse Way, within the City of San
Bernardino; and
WHEREAS, the improvements required to be constructed by the
Owner Participation Agreement have been completed with an assessed
valuation of $15,~77,093,
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COMMON
COUNCIL OF THE CITY OF SAN BERNARDINO AS FOLLOWS:
SECTION 1. The improvements required to be constructed in
accordance with .that certain Owner Participation Agreement
("Agreement") dated June 14, 1984, as amended, by and between the
Redevelopment Agency of the City of San Bernardino and SP
Commercial Development ("Participating Owner") have been completed
in accordance with the provisions of the Agreement.
SECTION 2. The Chairman and Secretary of the Redevelopment
DAB/js [SpCommercial.Res]
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Agency of the City of San Bernardino are hereby authorized and
directed to execute a Certificate of Completion in a form as shown
on Exhibit "1" attached hereto and incorporated herein.
I HEREBY CERTIFY that the foregoing Resolution was duly
adopted by the Community Development Commission of the City of
San Bernardino at a
Regular
meeting thereof, held on the
day of
May
, 1994, by the following vote, to-wit:
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Commission Members:
AYES
NAYS
ABSTAIN
ABSENT
NEGRETE
x
X
CURLIN
X
HERNANDEZ
X
OBERHELMAN
X
DEVLIN
",
POPE-LUDLAM
X
MILLER
X
secr~~~
Kenneth J. HenJerson
The foregoing Resolution is hereby approved this
2
day
May
of
1994.
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Tom Minor, Chairman
Community Development Commission
of the City of San Bernardino
Approved as to form
and legal content:
By:
Agency Counsel
DAB/js [SpCommercial.Res]
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