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HomeMy WebLinkAbout1980-158 I f 1 � ' `CLUTICN N0. '� — X-11-I? 2 RESOLUTION OF THE CITY OF SA14 BERNARDINO ACCEPTING THE REVIEW 3 APPRAISER'S REDETERMINATION OF FAIR MARKET VALUE OF THE PROPERTY LOCATED SOUTH OF TENTH STREET AND EAST OF FLORES STREET, SAN BERNARDINO, CALIFORNIA, 4 AND CERTIFYING THE WORK. OF THE APPRAISERS. 5 WHEREAS, City of San Bernardino is contemplating the purchase of 6 that certain vacant land located South of Tenth Street and East of Flores 7 Street in the City of San Fernardinc; and 8 WHEREAS, Luciano V. Estrada and Sarah Estrada, husband and wife are 9 I the owners of the lot and parcel of real property and 10 WHEREAS, The City desires to purchase the said lot and parcel of 11 I, real property and 12 1� WHEREAS, BY Resolution No. 13313 adopted June 26, 1978, the fair i� market value of said lot and parcel of real property was established at 13 $4,000 and 14 I; WHEREAS, time and circumstance has made it necessary to update t5 the appraisal of said lot and parcel of real property and 16 WHEREAS, City has reviewed the Appraiser's update"' determination 17 of the fair market value of the land and their updated reports thereon and 18 has specifically reviewed and studied the review Appraiser's redetermination 19 of the fair market value and his updated report thereon; and 20 WHEREAS, the City intends to acquire said lct and parcel of real 21 property with Community Development funds. 22 NOG1, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL 23 AS FOLLOWS: 24 1. That said lot and parcel of real property owned h.v Luciano 25 V. Estrada and Sarah Estrada, husband and wife and situated in the City of 26 San Bernardino generally South of Tenth Street and East of Flores Street 27 are described as follows: 28 i i I all that real property in the County of San Bernardino, State of California , described as follows: 2 That portion of lots 12 and 13, Tract 2639, as per plat recorded 3 in Book 37 of Maps, page 50, records of said County, described as follows: 4 Beginning at the northeast corner of the south 150 feet of Lot 5 13; thence north 00 08' 27" west along thp east lire of said lot, 163.17 feet to the true point of beginning; thence south 89 6 ' 890 59' 12" west 124.15 feet to the west line of Lot 12; thence north 00 08' 22" west along the west line of Lot 12, 313.26 feet 7 to Tenth Street as shown on Tract 2639, book 37 of Maps, page 50, records of said County; thence south 890 57' 55" east along 8 Tenth Street 62.08 feet to the west line of Lot 13; thence south 0 08' 30" east along said west line 150.00 feet to the south 9 I line of the north 150 feet of Lot 13; thence south 890 57 ' 55" east along said south line 62.08 feet to the east line of Lot 13; 10 thence south 00 U8' 27" east along the east line of Lot 13, 163.16 feet to the true point of beginning. 11 12 is hereby determined, based upon all of the Appraiser's updated reports 13 submitted herewith, to have a fair market value of $5,500 and said amount 14 is hereby re-established as the fair market value for said property. 2. The City of San Bernardino does hereby certify that the work 15 16 of the Appraisers and the review Appraiser with respect to the lot and 17 parcel of real property has been performed in a competent manner in accor- dance with the applicable State law, the Act, and Department of Housing 18 I 19 and Urban Development policies and requirements. 20 I 21 i 22 23 i i 24 25 i I 26 27 28 I I HEREBY CERTIFY that the foregoing resolution was duly adopted 2 by the Mayor and Common Council of the City of San Bernardino at a 3 m meeting thereof, held on the day 17 / 4 of —____ `J , 19�, by the following vote, to wit: 5 AYES: COUNCILMEN 6 7 NAYS: g ABSENT: , 9 10 City Clerk 11 The foregoing resolution is hereby approved this n f 12 day of 19 � 13 14 15 ii y o ernardino 16 j 17 I�I Approved as to form: i 18 �' O 19 City AttOney 20 21 i 22 23 I' 24 25 26 27 28