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HomeMy WebLinkAbout11-Public Works File No. 14.40-104 J CITY OF SAN BERN/' RDINO - REQUEST FO'R COUNCIL ACTION From: Subject: ROGER G. HARDGRAVE Director Resolution Authorizing Execution of an Acquisition/Financing Agreement --- Dept: Public Works/Engineering New Pine Acquisition Assessment District (AD 1015) . Date: October 17, 1995 Synopsis of Previous Council action: 03-20-90 -- Authorization granted to execute Joint Development Agreement CFB Investments. 08-05-91 -- Authorization granted to execute First Addendum to Joint Development Agreement. 03-20-95 -- Resolution No. 95-71 adopted authorizing execution of Second Amendment to Joint Development Agreement. 08-07-95 -- Authorization to Proceed was given to initiate proceedings for the formation of an acquisition assessment district for the construction of New Pine Avenue. 10-16-95 -- Reimbursement Agreement, Resolution of Intention and other various were approved relative to the formation of an Acquisition Assessment District and Tract No. 15642 was approved. Recommended motion: ADOPT RESOLUTION cc: Shauna Clark, City Administrator Sig ature James Penman, City Attorney Barbara Pachon, Director of Finance Contact person: Les Fogassy Phone: 5026 Supporting data attached: Staff Report, Resolution Ward: 5 FUNDING REQUIREMENTS: Amount: $1,133,003 (Assessment District No. 1015) Source: (Acct. No.) 256-628-5504 (Acct. Description) Assessment District No. 1015 --- Pine Avenue Acquisition Finance: .ouncil Notes: '5-0262 Agenda Item No. �� CITY OF SAN BERN "DINO - REQUEST Ff 1 COUNCIL ACTION STAFF REPORT The Joint Development Agreement, by and between CFB Investments, Redevelopment Agency and City of San Bernardino, was approved on 03-20-90 relative to the development of property located on the North side of Kendall Drive, West of Pine Avenue. The addendums to this agreement evidence a major change in the nature of the project from the originally approved 318 multi-family units to 42 single family units, pursuant to Tentative Tract No. 15642, approved by the Planning Commission on 05-16-95. The RDA and City agreed to undertake certain actions to facilitate development of the 42 single family units. One action was to provide CFB with financial assistance for the cost of the new Pine Avenue infrastructure, in the amount of $1,133,033. On 8-7-95, authorization was given to initiate the formation of the assessment district, and the selection of Brown,Diven and Hentschke for Legal Consultant and GFB - Friedrich and Associates for Assessment Engineer were also confirmed at that meeting. The funding source approved for the construction costs are through a combination of a loan from EDA (approximately 46%) , the Sewer Line Construction Fund (245) (approximately 27%) and the Sewer Line Maintenance Fund (132)(approximately 27%). On 10-16-95, various resolution were submitted and approved, including approval of a Reimbursement Agreement, Resolution of Intention, Approval of the Preliminary Engineer's Report and District Boundary Map, and Resolution setting a Public Meeting and Public Hearing relative to the formation of the district. The Acquisition/Financing Agreement establishes the terms of funding and the City's acquisition of the completed improvements and is a necessary step in the procedures for the establishment of the Assessment District and its approval is recommended. 5-0264 ~ SHEET 1 OF 1 SHEET ASSESSMENT DIAGRA& ASSESSMENT DISTRICT NO. 1015 (NEW PINE ACQUISITION ASSESSMENT DISTRICT) fortho CITY OF SAN BERNARDINO COUNTY OF SAN BERNARDINO STATE OF CALIFORNIA EIYrR Ta I AJE, $ PROJECT LOCATION / FILED IN THE OFFICE OF THE CITY CLERK OF THE CITY OF SAN r IRVMTON AVE, BERNARDINO,THIS DAY OF 1995, y 9!0 U - OR [' 162,00' RACHEL CLARK ho J 12JW�, 1 i CITY CLERK 2 1 RECORDED IN THE OFFICE OF THE DIRECTOR OF PUBLIC 1 WORKS/CITY ENGINEER OF THE CITY OF SAN BERNARDINO, VIC PM MAP I 261-201-I5 COUNTY OF SAN BERNARDINO,STATE OF CALIFORNIA,THIS PpR SEC,17,TlN RI.IE. DAY OF 1995. KTS. $ 1 uj ° I i ROGER G.HARDGRAVE E WA511NGTON ST 4• 1 3 a DIRECTOR OF PUBLIC I D IN ENGINEER 1 � -- r00 W --' AN ASSESSMENT WAS LEVIED BY THE MAYOR AND COMMON - --1 COUNCIL OF THE CITY OF SAN BERNARDINO ON THE LOTS, 1 I PIECES, AND PARCELS OF LAND SHOWN ON THIS I ASSESS,SAID ASSESSMENT WAS LEVIED ON SD. THE_DAY OF 1995,SAID ASSESSMENT 3, DIAGRAM AND THE ASSESSMENT ROLL WERE RECORDED IN THE OFFICE OF THE DIRECTOR OF PUBLIC WORKS/CITY 1 ENGINEER OF SAID DISTRICT ON THE DAY OF 4 1995. REFERENCE IS MADE TO THE I O 1 ASSESSMENT ROLL RECORDED IN THE OFFICE OF THE DIRECTOR OF PUBLIC WORKS/CITY ENGINEER FOR THE EXACT ° 1 261-201-16 AMOUNT OF EACH ASSESSMENT LEVIED AGAINST EACH PARCEL OF LAND SHOWN ON THIS ASSESSMENT DIAGRAM. ISO.ar� I 1 '\ 1 RACHEL CLARK \Lr CITY CLERK OP -S0'W 1 O °•10'Ll 72ur 120'w e 1 261-2OW7 N O �- ' °I 26201-22 .134•W 3 :.IOO'W . $ E KENDALL OR. L&V U LEGEND PROPOSED• sNEWr DISTRACT 601AQ1RY 261-20146 ASSE35OWS PARCEL RUlER arts OF KWA&C.PIOIrt-OF-MAY IAPN-266-0 ) OASSESSEt1R MAN" GFB-FRIEDRICH N$ &ASSOC., INC. 68M INDIANA AVENUE•SUITE 201 RIVERSIDE CA 92506 0 2O0 400 600 A00 JA FW-0407