HomeMy WebLinkAboutR02-Redevelopment Agency
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. Redevgpment Agency · City of San :s9..ardinO
~NClIlb"D" SUeel, FaanhFloor . SIIIBomardiDo, c.Jifamia 92418
(714) 384-S081 FAX (714) 888-9413
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SIeveD R. Dubtt
Executive Dinc:Ior
JULY 19, 1989
UDAG APPLICATION AUTHORIZATION
Synopsis of Previous Commission/Council/Committee Action:
07/06/89 Redevelopment Committee reviewed UDAG opportunities.
07/17/89 Mayor & Common Council set public hearings.
(MAYOR AND COMMON COUNCIL)
Recommended Motion:
OPEN JOINT PUBLIC HEARING.
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A) That the Joint Public Hearing be closed: that further reading of the
following resolutions be waived.
(Continued on page 2)
Supporting data attached: YES
FUNDING REQUIREMENTS:
Hard: 1st
Project: CC
Commission Notes:
Agenda of: July 24.
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1989
SD:GH:sm:2165H
Item No.
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Redevelopment Agency
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(continued from page 1)
b) Move to adopt a RESOLUTION OF THE CITY OF SAN BERNARDINO
AUTHORIZING AND DIRECTING THE MAYOR TO EXECUTE AND SUBMIT AN
APPLICATION TO THE DEPARTMENT OF HOUSING AND URBAN DEVELOPOMENT
FOR A PORTION OF THE SUNWEST PROFESSIONAL PARK AND RELATED
PARKING STRUCTURE.
c) Move to adopt a RESOLUTION OF THE CITY OF SAN BERNARDINO AUTHORIZING
AND DIRECTING THE MAYOR TO EXECUTE AND SUBMIT AN APPLICATION TO
THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FOR THE COURT
AND "E" STREET OFFICE BUILDING DEVELOPMENT.
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Redevelopment Agency
S T A F F R E P 0 R T
It was recently announced by the Department of Housing and Urban Development
(HUD) that there were Urban Development Action Grant (UDAG) funds available
and that applications had to be received no later than July 31,' 1989.
HUD requires that there be two (2) public hearings before the applications are
submitted.
RDA staff Is preparing applications for two projects - Sunwest Professional
Park In Southeast Industrial Park and Court and "E" In the Central City
Project Areas. Summaries of each project are attached.
This Is the second public hearing required to comply with HUD regulations.
It Is recommended that the COuncil adopt the attached resolutions which
authorize the Maylor to execute the applications.
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DEVELOPER:
LOCATION:
I1'IPROVErlENTS:
ESTIrlATED JDBS:
BRANT REQUESTS:
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LOAN PAYBACK:
BII:sm: summary
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SUrlrlARY
SUNIIEST PROFESSIONAL PARK - UDAB APPLICATION
SimchoMitz Enterprises, A California Limited Partnership
Southeast Industrial Park Project Area. Benerally
bounded by "E" Street on the Mest, Hospitality Lane on
the south, Hunts Lane on the east.
Approximately 14.62 acres of land on Mhich "ill be
developed four 141, five 151 story office buildings
tolaling 521,300 square feet and a parking struclure
containing approximately 117,600 square feet. The lolal
cost of the project is $86,177.00. Tolal construclion
cost for the parking structure is estimaled at
$12,813,000.
1,900
$7,120,000
Due to exlensive costs of the parking structure, the
project cannot proceed Mithout assistance.
30 year loan to be repaid from available net cash floM at
6X interest. City to participate in 8X of net sales
proceeds upon sale or refinancing.
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DEYELOPER:
LDCATI ON:
IMPROYEMENTS:
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ESTIMATED JOBS:
BRANT REIlUEST:
BUT FOR CAUSE:
C LOAN PAYBACK:
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SUMMARY
COURT' 'E' - UDAB APPLICATION
The Sillchowitz Corporation, a California corporation.
In the Central City Project Area at the southeast corner
of Court Street and "E" Street.
Approxillately 1.97 acres of land on which will be
developed a retail/office building containing
approximately ISS,SOO square feet and parking structure.
The total cost of the project is estimated to be
$30,03S,920. The cost of the parking structure is
estimated at $S,SS3,OOO.
1,300.
$2,240,000.
Due to excessive costs of the parking structure, the
project cannot proceed without assistance.
30 year loan to be repaid from available net cash flow at
6X interest. City to participate in ax of net sales
proceeds upon sale or refinance.
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RESOLUTION NO.
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RESOLUTION OF THE CITY OF SAN BERNARDINO AUTHORIZING AND
DIRECTING THE MAYOR TO EXECUTE AND SUBMIT AN APPLICATION TO THE
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FOR A PORTION OF THE
SUNWEST PROFESSIONAL PARK AND RELATED PARKING STRUCTURE.
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BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY
5 OF SAN BERNARDINO AS FOLLOWS:
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SECTION 1.
It is hereby found and determined that there
7 shall be prepared and submitted on behalf of the City an
8 application to the Department of Housing and Urban Development
9 for an Urban Development Action Grant for a portion of the
Sunwest Professional Park and parking structure.
The Mayor is
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11 authorized to execute said application and all understandings and
assurances contained in or required for such application.
The
13 proposed development is located within the Southeast Industrial
14 Park Redevelopment Project Area and is generally bounded by "E"
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Street on the west, Hospitality Lane on the south, and Hunts Lane
16 on the east, within the City of San Bernardino. A copy of the
17 application is on file and available for public inspection in the
18 Office of the Executive Director of the Redevelopment Agency of
19 the City of San Bernardino.
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SECTION 2.
The Mayor of the City of San Bernardino is
21 authorized to act as the City's official representative in
22 connection with the Urban Development Action Grant application.
23 I HEREBY CERTIFY that the foregoing resolution was duly
24 adopted by the Mayor and Common Council of the City of San
25 Bernardino at a meeting thereof, held on the
26 day of , 1989, by the following vote, to wit:
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July 19, 1989
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
~.OR A PORTION OF THE SUNWE~T\.PROFESSIONAL
'-'ARK AND RELATED PARKING 9""JUCTURE.
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AYES:
Council Members
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NAYS:
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ABSENT:
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City Clerk
The foregoing resolution is hereby approved this
day
of
, 1989.
W.R. Holcomb, Mayor
City of San Bernardino
Approved as to form
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JAMES F. PENMAN,
City Attorney
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July 19, 1989
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RESOLUTION NO.
RESOLUTION OF THE CITY OF SAN BERNARDINO AUTHORIZING AND
DIRECTING THE MAYOR TO EXECUTE AND SUBMIT AN APPLICATION TO THE
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FOR THE COURT AND "E"
STREET OFFICE BUILDING DEVELOPMENT.
BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY
5 OF SAN BERNARDINO AS FOLLOWS:
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SECTION 1.
It is hereby found and determined that there
7 shall be prepared and submitted on behalf of the City an
8 app~cation to the Department of Housing and Urban Development
9 for an Urban Development Action Grant for the office building
10 development at Court and "E" Street. The Mayor is authorized to
11 execute said application and all understandings and assurances
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contained in or required for such application.
The proposed
13 development is located within the Central City Redevelopment
14 proj ect Area and is located at the northwest corner of Court
Street and "E" Street in the City of San Bernardino. A copy of
16 the application is on file and available for public inspection in
17 the Office of the Executive Director of the Redevelopment Agency
18 of the City of San Bernardino.
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SECTION 2.
The Mayor of the City of San Bernardino is
20 authorized to act as the City's official representative in
21 connection with the Urban Development Action Grant application.
22 I HEREBY CERTIFY that the foregoing resolution was duly
23 adopted by the Mayor and Common Council of the City of San
24 Bernardino at a meeting thereof, held on the
25 day of , 1989, by the following vote, to wit:
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July 19, 1989
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FOR THE COURT & "E"
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STREET OFFICE BUILDING.
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AYES:
Council Members
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ABSENT :
City Clerk
The foregoing resolution is hereby approved this
day
of
, 1989.
W.R. Holcomb, Mayor
City of San Bernardino
Approved as to form
13 and legal content:
14 JAMES F. PENMAN,
City Attorney
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July 19, 1989
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