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HomeMy WebLinkAboutAS1-Public Works .. CITY OF SAN BERNARDINO - REQUEST FOR COUNCIL ACTION r'om: ROGER G. HARDGRAVE Subject: Acceptance of Bid for Sale of City Property and Accepting Oral Bids - 3:00 PM - Southeast corner of Olive Avenue and Ohio Avenue Dept: Public Works / Engineering Date: August 29, 1997 ~(Q)[}2)W Synopsis of Previous Council Action: 02-19-96 - Authorization granted to proceed with the sale of City property located at the Southeast comer of Olive Avenue and Ohio Avenue. 05-20-96 - Resolution No. 96-132 was adopted establishing fair market value of City owned property at the Southeast comer of Ohio Avenue and Olive Avenue at $430,000. 06-03-96 - Acceptance of oral Bid in the amount of $430,000 for City owned property at the Southeast comer of Ohio Avenue and Olive Avenue contingent upon execution of a mutually acceptable sales agreement. 06-17-97 - Reject bid and return of deposit for City owned property at the Southeast comer of Ohio Avenue and Olive Avenue Recommended Motion: AUG 2 9 1997 That the presentation of sealed bids and acceptance of any oral bids relative to Bid Specification No. 15.05-209a be continued to the Council Meeting of September 15, 1997, at the hour of 3 :00 PM cc: Fred Wilson, City Administrator ()~ Contact Person: Les Fogassy Supporting data attached: Staff Report. Map Phone: 5026 Ward: 5 FUNDING REQUIREMENTS: Amount: None Source (Ace!. No.) N/A (Acc!. DeSCription) N/A Finance: Council Notes: Continued to 61 /'S- /'17 q/~/q 7 Agenda Item No. Jf 5 J . ,CITY OF SAN BERNARDINO. REQUEST FOR COUNCIL ACTION STAFF REPORT The City acquired this property through a judicial foreclosure sale, due to delinquent payments for Assessment District No. 995 (Verdemont Community Facilities District). The property is a 10.49 acre of vacant land located at the Southeast comer of Ohio Avenue and Olive A venue. City Departments were notified of the pending sale and the only response was from the Fire Department indicating possible future use for a fire station. Tentative Tract No. 14193 has been approved for the parcel, and the one to the east. This Tract Map will subdivide the approximately 21 acres into 76 single family lots. Proposals were requested from three local appraisers, and the selection of Realco Consultants was made. The appraisal indicates the market value of the property to be $430,000. However, there are approximately $197,427 in liens and encumbrances on the parcel, which the City will pay from the proceeds of this sale through escrow. On May 20,1996, Resolution No. 96-132 was adopted, giving Notice Inviting Bids and establishing the fair market value at the appraised amount of $430,000. No written bids were submitted, however, an oral bid was presented on behalf of the property owner owning the adjacent 10 acre parcel, contingent upon the reaching of a mutually acceptable sales agreement. After several weeks of negotiations the City and the bidder were unable to reach a mutual agreement and on June 17, 1996, authorization was given to reject the bid and return the bid deposit. The adjacent property owner and the City have been in negotiations regarding the development of this site, and have recently reached an acceptable agreement and now desire to bid on the sale of the property. Notice of sale was published in the Sun Newspaper on 8/22/97, and bid were to be submitted by 9:00 am 9/2/97 and presented at the Council Meeting of 9/2/97 at the hour of 3 :00 PM. The Settlement Agreement between the adjacent property owner and the City will be presented on the September 15, 1997 Council Meeting. Since this agreement affects the City property being proposed for sale, we recommend that the bid results and acceptance of oral bids be continued to the meeting of September 15, 1997 URGENCY: The results of bidding and acceptance of oral bids was set for 3:00 pm on 912/97 in the bid specifications. 5\ J./ i /:J I ! -f~-ia-" II I 1 1 1 I I I ~--------------~ ;, -..::..-...:~-.:. :'-":':-T ;.=.:\::.:..~ 1.1 ': I .111 . III '\01'1 .., .. 1-:' III .1 I: I I: I 1'1 I: I , I I I I I I I ~ ~ j I ~ ~\ \. C ", I I @\ e I I . \ I l- i II : t 5 i ~ I I. . 14 ' - - --- - -~ _1-, 3flIQNr IrnW \-'_, i!1 -,1, @ @ Iir ~ _ o 0 0 ~, -----.------------------------------------------------------------------------~------- . b U fI do U~ ~ 8 ~ i co~ iOl ,311: ! 8' ';: .l:: 15 ::L r', ~ .LtW:~~..~ '..- ;....: ~ ~ 'l.@ . ... "-' - ::,.... " . c-. - , i i o , s:, () ~ ":- . :.. ~ ,'~ ;! ,'~ ~J'. . :. .~: ,', " :;.~ .... ..; ~ -. ~ 'C) t I -! - -... 9t1}{91V' lllf;------ ------. I ,- .- " :'. , ..I .....:.1 3N~ ~ .-~!~ L t?- ,:::; r g~ 170 @ ~ @ t ,