HomeMy WebLinkAbout1980-179 f
I RESOLUTION NO. J''C=/Z 9
2 RESOLUTION OF THE CITY OF SAN BERNARDINO APPROVING THE
- SALE OF TWO PARCELS OF REAL PROPERTY LOCATED WITHIN THE CENTRAL
3 CITY WEST REDEVELOPMENT PROJECT AREA TO THE CITY OF SAN
BERNARDINO BY THE REDEVELOPMENT AGENCY OF THE CITY OF SAN
4 BERNARDINO (HEALTH & SAFETY CODE SECTION 33433) .
5 BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY
OF SAN BERNARDINO AS FOLLOWS :
5
SECTION 1. Recitals.
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(a) The Redevelopment Agency of the City of San Bernardino
9 ("Agency") proposes to sell to the City of San Bernardino
1E} ("Developer") , two parcels of real property located within the
11 , Central City West Redevelopment Project Area, described in
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12 Exhibit "A" attached hereto and incorporated herein by reference
13 j' as though set forth in full , for the sum of $38 ,080 . 00 which
14 Ilwill be paid by the Developer in cash.
15 (b) Notice of the time and place of hearing has been
,6 , given as required by law.
1i (c) Agency has made available for public inspection
and copying a summary of financial aspects of the proposed sale.
? (d) The summary of financial aspects represents that the
fair market value of the interest to be conveyed by Agency,
^?: ; determined at the highest use permitted under the plan, is
22 ! $45,220. 00.
23 (e) All hearings have been heard as required by Health
24 ;and Safety Code Section 33433 .
2` i�
SECTION 2 . Determination. Based upon the representations
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'_.,, of Agency, it is found and declared that the consideration for
the real property described in Exhibit "A" , in accordance with
F !!covenants and conditions governing the sale, is less than the
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I fair market value of the property determined at the highest use
2 permitted under the plan for the Central City West Redevelopment
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3 Project Area. The explanation for the difference is as follows:
4. (a) To further the public purpose by providing a branch
5 library to the citizens surrounding the area of 5th Street and
6 ! Mt. Vernon Avenue.
7 SECTION 3. Approval . The Mayor and Common Council of the
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g iCity of San Bernardino hereby approve the sale of said property
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9 upon the terms and conditions set forth in this resolution and
10 the summary of financial aspects .
11 I HEREBY CERTIFY that the foregoing resolution was duly
12 adopted by the Mayor and Common Council of the City of San
13 Bernardino at a �L� meeting thereof , held
14 on the day of % 1980, by the following
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15 vote, to wit:
16 AYES: Councilmen
y
1,t
NAYS:
ABSENT: _
-b
City Clerk
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�� The foregoing resolution is hereby approved day '
of , 1980.
23 i T
24 jl M y o e ity o an Bernardino
2 Approved as to form:
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26
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