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HomeMy WebLinkAboutR21-Economic Development Agency \ ECONOMIC DEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO FROM: Gary Van Osdel Executive Director SUBJECT: REDEVELOPMENT PLANNING AND PARTICIPATION AGREEMENT - SANTA FE DEPOT REDEVELOPMENT IMPLEMENTATION AREA (PEARLMAN) DATE: July 27, 2001 r>r-" ."'L lll' ",.,..d Synopsis of Previous Commission/CouncillCommittee Action(s): On April 5, 2001, the Redevelopment Committee authorized staff to give property owners in the study area notice of owner participation opportunity to submit statements of interest to the Agency. Staff was also directed to prepare a draft agreement for an exclusive right to negotiate. .----------------------------------------------------------------------------------------------------- Recommended Motion(s): (Community Development Commission) MOTION A: That the Community Development Commission confirms that the redevelopment proposal and statement of interest submitted by the Arthur Pearlman Corporation is most responsive to the overall redevelopment ofthe study area. MOTION B: RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO AUTHORIZING THE CHAIR OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO TO EXECUTE A REDEVELOPMENT PLANNING AND PARTICIPATION AGREEMENT FOR THE SANTA FE DEPOT ._____________________~.PE~ELO~~_~!}~!..!_E~.E_~~!_..IION AREA (PEARJ,.M.~2'l______________________ Contact Person(s): Gary Van Osdell Margaret Park Phone: 663-1044 Project Area( s) Uptown, Mt. Vernon Corridor Ward(s): One (I) Supporting Data Attached: l&J Staff Report l&J Resolution(s) l&JAgreement(s)/Contract(s) 0 Map(s) 0 LellerIMemo FUNDING REQUIREMENTS Amount: $ o Source: SIGNATURE: N/A ~p~ Margaret ark, Projecl Manager Development Department ciiiiiiiiTsSfODTcouncilNoies:---------------------------------------------------------------- COC/OJOQI- 3/ f -------------------------------------------------------------------------------------------------------------------------------------------- COMMISSION MEETING AGENDA Meeting Date: 08/06/2001 Agenda Item Number: -8.a.L Economic Development Agency Staff Report ERN - Pearlman August 6, 2001 Page Number -2- --------------------------------------------------------------------------------------------------------------------- ECONOMIC DEVELOPMENT AGENCY STAFF REPORT --------------------------------------------------------------------------------------------------------------------- Redevelopment Planninl! and Participation Al!reement - Santa Fe Depot Redevelopment Implementation Area (Pearlman) BACKGROUND On April 5, 2001, the Redevelopment Committee considered a request for an exclusive right to negotiate for development in the area from the Arthur Pearlman Corporation, who is an experienced retail development firm with financial resources needed for large-scale developments. While no site plans have been created, the area surrounding the Santa Fe Depot is zoned for primarily commercial and industrial and development consistent with both the Depot and the lntermodal Facility would be considered. The locale under study is shown in Exhibit "A" and encompasses approximately 105 acres. On May 23, 2001, Agency staff issued a "Notice to Property Owners Requesting Submission of Statements of Interest in Participating in Redevelopment" to all property owners in the study area. Staff followed both Uptown and Mt. Vernon Corridor owner participation rules and notified the owners by first class mail regarding their right to submit competing redevelopment proposals. Pursuant to those rules, owners were given a 30-day period to submit a written statement of intent to submit a proposal. Of the 250 property owners notified, 35 returned Statements of Interest. Responses are broken down as follows: SOl's Sent Returned due to bad address Yes,sell Yes, non-committal Yes, expand business Yes, continue as is Opposed No Response 228 100.0% 49 21.5% 20 8.8% 10 4.4% 1 0.4% 3 1.0% 1 0.4% 144 63.6% ------------------------~-------------------_._-------------------------------------------------------------------------------.-----------. COMMISSION MEETING AGENDA Meeting Date: 08/06/2001 Agenda Item Number: 1l.a..J Economic Development Agency Staff Report ERN - Pearlman August 6, 200 I Page Number -3- --------------------------------------------------------------------------------------------------------------------- Of the thirty-five (35) responses returned, almost 60% would like to sell their property. 30% of the respondents were interested but non-committal. The following businesses are interested in staying at their current location: I. FMS Performance, an existing automotive business, is interested in expanding onto a nearby lot. 2. Blue Soft Laundry, Discount Market, Mona's Bar, and General Brakes and Supply would like to continue their businesses at their present locations. 3. One residential owner was opposed to any proposed redevelopment of his property. While a few businesses are interested in maintaining their own properties and one business wants to expand, it appears that none of the owners was willing to take the lead on an area wide master plan project. However, judging by the number of prospective sellers and non-committal property owners, it appears that there may be some interest in getting involved in the preliminary exploration and analysis for a redevelopment project. Nevertheless, the only party expressing interest in developing an area wide master plan has been the Arthur Pearlman Corporation. REDEVELOPMENT PLANNING AND PARTICIPATION AGREEMENT Attached is a proposed Redevelopment Planning and Participation Agreement with the Arthur Pearlman Corporation. It provides for a I-year period within which to negotiate a Disposition and Development Agreement (DDA). During that period of time, the Participant and Agency will explore the possibilities for redevelopment and research all aspects of a potential plan for the area. The Participant will conduct necessary financial, environmental, planning, traffic, relocation and related studies. Existence of the Agreement will also allow the Participant to secure preliminary commitments from major tenants interested in locating in San Bernardino. Apart from defining obligations of both Agency and Arthur Pearlman Corporation regarding conduct of needed studies, the Agreement provides that the Participant pay the costs to prepare the plans and studies typically required under an exclusive negotiating arrangement. Because the firm has a proven ability to create an approvable project, staff does not believe that a good faith deposit is necessary. FISCAL IMPACT There is no immediate fiscal impact on the Agency apart from staff time commitment. If approved, this agreement provides no budget authorization. Once a more specific plan is created, Agency staff will present a budget request to the Commission ------------------------------------------------------------------------------------------------------------------------------------------- COMMISSION MEETING AGENDA Meeting Date: 08/06/2001 Agenda Item Number: R:J.J Economic Development Agency Staff Report ERN - Pearlman August 6, 2001 Page Number -4- RECOMMENDATION It is recommended that the Commission confirm that the Arthur Pearlman Corporation Statement of Interest letter is the most responsive to redevelopment needs of the area and approve the attached resolution authorizing the execution of the Redevelopment Planning and Participation Agreement with Arthur Pearlman Corporation for the Santa Fe Depot Redevelopment 12""'"" Are . ?I: ary V sdel Exec Ive Director --------------------------------------------------------------------------------..---------------------------------------------.-.---------- COMMISSION MEETING AGENDA Meeting Date: 08/0612001 Agenda Item Number: Rd.1 07130/2001 10:20 3104545228 ARTHUR PEARLMAN CORP PAGE 02/02 Arthur Pearlman CORPORATION ThUJSday, April 5, 2001 Gary Van Osdel CITY OF SAN BERNARDINO 201 North E Street, Suite 301 San Bernardino, CA 92401-1507 RE: Santa Fe Depot Dear Gary: Thank you for introducing us to the Santa Fe Depot Redevelopment project. The rehabilitation of the historic rail depot building will be a valuable resource to the entire community. The various "multimodal" elements will create a strong local and regional draw to this area. As we discU6Sed the next mitural step is to redevelop the land uses south and east of the Depot to maximize the benefits of this redevelopment. Our interest is in redeveloping the commercial and residential properties east of Mount Vernon west of the 215 freeway and north of Second Street to the Santa Fe Depot property. We think that a redevelopment of this area would provide the City an opportunity to show case the Depot and our company a development project providing goods, services andjobs to the local community. Please let this letter serve as our statement of interest in participating in the redevelopment of the Santa Fe Rail Depot and adjacent land uses. Please let us know when the Agency will be proceeding with the project and how we might participate or be of service to your staff. ..,J' I Once agsin please accept our thanks to you and Margaret Park for considering our company for this project. , ~1, Arthur Pearlman Corporation Steven J Feldennan Vice President of Development SlF/ep ce. Arthur L. Pearlman 1137 Second Stroln, Suite! 100 Santa Muni,:.., CA ~)0403 TC'I: 310/2(;().2426 Fax: 310/260-63'.1i4 "- 2 3 4 5 6 7 8 9 10 ,,....,," 13 \,--", 14 15 16 17 18 19 20 21 22 23 ,..-.. 25 "-' ~(Q)~V RESOLUTION NO. ...:......- RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO AUTHORIZING THE CHAIR OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO TO EXECUTE A REDEVELOPMENT PLANNING AND PARTICIPATION AGREEMENT FOR THE SANTA FE DEPOT REDEVELOPMENT IMPLEMENTATION AREA (ARTHUR PEARLMAN CORPORATION) WHEREAS, the Community Development Commission of the City of San Bernardino (the "Commission") is the governing body of the Redevelopment Agency of the City of San Bernardino (the "Agency"), a public body corporate and politic, organized and existing pursuant to the Community Redevelopment Law (California Health and Safety Code Section 33000, et II 12 seq.); and WHEREAS, on April 5, 2001, the Agency received a request from the Arthur Pearlman Corporation (the "Participant") to study the feasibility of preparing a redevelopment master plan for the area around the Santa Fe Depot (the "Agency Implementation Area"); and WHEREAS, on May 23, 2001, the Agency mailed, via first class mail, a "Notice to Property Owners Requesting Submission of Statements of Interest in Participating in Redevelopment" (the "Statement ofInterest") to all property owners as listed in the County of San Bernardino Assessor's Tax Rolls within the Agency Implementation Area, for the purpose 0 inviting such property owners to participate in the redevelopment of their property in accordance with the previously adopted redevelopment plans; and WHEREAS, each such property owner was given 30 days to respond to the Agency by providing a Statement of Interest, and at the end of such 30 day period the Agency had received 35 Statements ofInterest as summarized in the Agency staff report which accompanied the adoption of this Resolution; and 24 -1- .-~,-, '-2 Cl3 14 21 22 23 24 ,--.. 25 "-' 3 WHEREAS, no response or proposal contained in any of the Statements ofIntent submitted by property owners in the Agency Implementation Area is comparable to the preliminary redevelopment proposal of the Participant. 4 5 BE IT RESOLVED BY THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO AS FOLLOWS: 6 7 SECTION I. The Statements of Interest as received from owners of property within the 8 Agency Implementation Area are hereby received and filed. The Commission hereby finds and 9 determines that the proposal submitted by the Participant for the study of the feasibility of 10 redeveloping the Agency Implementation Area appears to offer the community a reasonable and 11 comprehensive means of addressing and eliminating the problems of blight which adversely 12 affect the Agency Implementation Area. The Commission further finds and determines that the proposal of the Participant is preferred at this time to any such Statement ofInterest and accordingly no further action or consideration by the Commission is necessary or required in IS connection with any such Statement ofInterest. 16 SECTION 2. The Chair of the Community Development Commission of the City of San 17 Bernardino is hereby authorized and directed to execute a Redevelopment Planning and 18 Participation Agreement for the Santa Fe Depot Redevelopment Implementation Area with 19 Arthur Pearlman Corporation, a copy of which is attached hereto and marked as Exhibit "A" and 20 incorporated herein by reference. SECTION 3. The authorization to execute the above referenced agreement is rescinded if the parties to the agreement fail to execute it and return it to the Office of the City Clerk within sixty (60) days following the effective date. 1/11 1/11 /111 -2- .,-" 2 3 4 5 6 7 9 10 11 12 C 13 14 15 16 17 18 19 20. 21 22 ~ 25 '- RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO AUTHORIZING THE CHAIR OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO TO EXECUTE A REDEVELOPMENT PLANNING AND PARTICIPATION AGREEMENT FOR THE SANTA FE DEPOT REDEVELOPMENT IMPLEMENTATION AREA (ARTHUR PEARLMAN CORPORATION) I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Community Development Commission of the City of San Bernardino at a 8 meeting thereof, held on the _day of , 2001, by the following vote, to wit: Commission Members: Abstain Absent Nays Ayes ESTRADA LIEN MCGINNIS SCHNETZ SUAREZ ANDERSON MCCAMMACK Secretary The foregoing resolution is hereby approved this day of ,2001. Judith Valles, Chairperson Community Development Commission City of San Bernardino Approved as to form and Legal Content: 23 24 By: -3- T Tillr..1 LTI~[] 188J1S ../.. DJI]][IJEI : ~~ . - - <( Q) Q) l!! = l!! - - CI) co CI) 1:) CI) 'E ~ "- en co SnUSA\t JrepUS)/ .0 . ITIIIIJJ]] ~ . en \. "- OIIIE 0 1J .- ~ "- '- "- 0 0 s:: 0 s:: "- ~ . - ::a s:: 0 ~ "- 0 a.. I]) ",.;."'...... '- ... --. "-'" 8nU8A It UOUJ8/\ 'IVV . . 199JIS ..)I" I - Q) ~ I-- .s; I- 199JIS "7,, -- - [ L..-- ~ I 188J1S ..r.. u~ ~ <:( .9 - .m 0:: . f!/OUf!AO!fJ l- I- ft ft <( ~ ~ :I:fIl 1-0 a: '" O~ Z~ - .- .c .- .s:: >< W I CD CO CI) "- CO .0 ~ en s:: ;: o - a. :) /-- ""- c f~ '-- 2001 REDEVELOPMENT PLANNING AND PARTICIPATION AGREEMENT (Santa Fe Depot Redevelopment Implementation Area) THIS REDEVELOPMENT PLANNING AND PARTICIPATION AGREEMENT ("Agreement") is entered into as of August 6, 2001 by and between the REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO, a body corporate and politic ("Agency") and Arthur Pearlman Corporation, a California corporation, jointly and severally (collectively referred to herein as the "Participant" with respect to the following facts: RECITALS -- WHEREAS, an area of the City of San Bernardino (the "City") generally bounded by Mt. Vernon Avenue on the west, King Street and Rialto Avenue on the south, Interstate 215 on the east and the Santa Fe Intermodal Facility on the north as depicted in the vicinity map attached as Exhibit "AU (the "Agency Implementation AreaU)is included within the Uptown and Mt. Vernon Corridor redevelopment project areas; and WHEREAS, the Agency Implementation Area contains transportation, infrastructure, retail, residentially and commercially developed properties, and the Agency will initiate certain studies and proposals to address a number of issues of community concern in the Agency Implementation Area relating to blight and conditions associated with obsolete commercial design, deferred maintenance, traffic circulation and commercial- residential neighborhood property use conflicts and community design in an effort to prevent the spread of blight; and WHEREAS, the consideration of one or more specific proposals or plans for a coordinated and economically sustainable redevelopment project in the Agency Implementation Area will require specific study, evaluation, and planning of appropriate and feasible community redevelopment program alternatives and at this time the resources available to the community to pay for such studies, evaluations and planning is limited; and WHEREAS, the Participant has agreed to submit a conceptual proposal to the Agency for the redevelopment of a substantial portion of the Agency Implementation Area which includes certain development assumptions and forecasts, including SBEO/0001/DOC/3552-2 10/26/99 1120 ct 1 ,.-- ~ r ~ "".,-....,. '-" an assumption that the Participant shall acquire certain lands in the Agency Implementation Area which are presently owned by third parties on terms which are economically feasible for the Participant, and which are also acceptable to all interested persons; and WHEREAS, the Participant proposes to pay certain costs, subject to Participant's prior approval, to the Agency to reimburse the Agency for costs in connection with the mutual consideration of the proj ect Study and the proj ect, as def ined below, and other reasonable and feasible alternative redevelopment programs for the Agency Implementation Area by the Participant and the Agency (herein "Project Study Costs"), subject to the.terms and conditions as set forth below. NOW, THEREFORE, IN CONSIDERATION OF THE PREMISES AND SUCH OTHER GOOD AND VALUABLE CONSIDERATION, THE RECEIPT OF WHICH IS HEREBY ACKNOWLEDGED BY THE PARTIES, THE AGENCY AND THE PARTICIPANT AGREE AS FOLLOWS: Section 1: Term of Agreement. (a) The rights and duties of the parties established by this Agreement shall commence on the date of acceptance of this Agreement by the governing board of the Agency as evidenced by the signatur~s of its authorized officers as appear on page 13, below, and thereafter this Agreement shall terminate and be of no further force or effect August 6, 2002 unless prior to that time: (i) the Participant delivers notice to Agency as set forth in Section 10(a) suspending the obligation of the Participant to pay the Agency further installments of Project Study Costs and terminating this Agreement; or (ii) the Agency delivers notice to the Participant suspending the Project Study and terminating the Agreement as set forth in Section 10(b); or (iii) the parties agree to extend the term of this Agreement in the sole discretion of each of them. (b) The rights and duties of the parties established by this Agreement shall be subject to mutual release and discharge prior to August 6, 2002 by the governing board of the Agency, at such time as the parties execute a separate participation agreement (herein the "Project OPA/DDA") for a SBEO/0001/DOC/3552-2 10/26/99 1120 ct 2 ,-. \....., c .-. \.....- specific plan of reuse and redevelopment of a Project,on terms, conditions and community redevelopment covenants as mutually acceptable to the Participant and the Agency (the "Project") in the sole and absolute discretion of each of them." Section 2. [Reserved - - No Text] Section 3. [Reserved - - No Text] Section 4. Project Study. (a) Within thirty (30) days following the date of approval of this Agreement by the governing board of the Agency, the Agency shall in consideration with the Participant initiate the preparation of a feasibility study for the redevelopment of the Agency Implementation Area under one or more specific Project scenarios as mutually proposed by the Participant and the Agency (the "Project Study"). TheAgency may retain the services of a firm of community redevelopment planning and environmental consultants to assist the Agency staff in the preparation of the various investigations, surveys and reports appropriate in connection with the Project Study and the evaluation of the Project. The parties shall, as part of the preparation of the Project Study, agree upon a specific allocation of responsibility as mutually acceptable to pay for third party costs, if any which may be incurred. (b) On a best efforts basis, the Agency shall cause the initial phase of the Project Study as evidenced by the. completion of an "Initial Study" for the Project as this term is defined under CEQA, to be prepared and completed at such time as the Agency and Participant deem appropriate. Thereafter, the Agency shall on a best efforts basis, and subject to the cooperation of the Participant, cause a draft environmental impact report for the Project to be circulated for public comment and review by such time as the Agency and Participant deem appropriate. Subject to the privilege of either party to suspend the Project Study prior to its completion as set forth in Section l(a) or (b), as applicable, each of the parties presently believes that the Project Study can be completed, including without limitation, the conduct of a public hearing on a final environmental improvement report for the Project, within one (1) year following the date of approval of this Agreement by the governing board of the Agency. SBEO/0001/DOC/3552-2 10/26/99 1120 ct 3 "...r'..-, Section 5: the Project Study, the good faith to: Obligations of the Participant. During Participant shall proceed diligently and in '- (1) prepare a specific plan of development in sufficient detail to be satisfactory for the purposes of considering the terms of a proposed Project OPA/DDA for a well-planned and high quality intermodal transportation/retail/commercial/ industrial/office reuse and redevelopment improvement of the Agency Implementation Area which is also acceptable to the Agency. (2) prepare and complete reuse and redevelopment marketing plans and feasibility studies as may be appropriate for the types of intermodal transportation/ retail/commercial/ industrial/office users/tenants and improvements proposed to be included within the scope of the Project OPA/DDA. (3) obtain one or more commitment letters from qualified commercial/industrial/office tenants for the reuse of the Agency Implementation Area as part of this Project. c (4) cooperate with the Agency to the extent reasonably feasible and without economic subsidy by the Participant to accommodate the redevelopment interests, if any, of the owners and intermodal transportation/ retail/commercial/ industrial/ office tenants of lands in the Agency Implementation Area as part of the Project. (5) keep the Agency advised as to the progress of the matters noted above on a regular basis, and submit to the Agency within a reasonable time after the acceptance of the Agreement a preliminary development proforma, together with other pertinent information with respect to the redevelopment of the Project. Section 6: Agency to Limit Offers of Redevelopment Assistance to Others. The Agency acknowledges that it deems the reuse and redevelopment of the Agency Implementation Area to be necessary as part of a sustainable plan for the prevention and elimination of blight in the Agency Implementation Area and/or nearby lands, and that the Participant appears to be well qualified to undertake the task of further refining and finalizing a specific and feasible plan for the redevelopment of the Project in a manner which is compatible with the community redevelopment needs objectives within the Agency Implementation Area. - SBEO/0001/DOC/3552-2 10/26/99 1120 ct "'-" 4 -- '- c .-... "-' During the time that this Agreement is in effect, the Agency shall not offer or negotiate with any third party for the purpose of considering the provision of redevelopment assistance in connection with the acquisition or reuse and redevelopment of property wi thin the Agency Implementation Area. Further, the Agency shall not offer or provide redevelopment financial assistance or provide financing to third persons for the installation of public improvements or otherwise exercise redevelopment powers to assist with the assembly of lands or the relocation of persons, households, or businesses within the Agency Implementation Area except as may be set forth in the Project OPA/DDA and on terms mutually acceptable to the Participant and the Agency in the sole and absolute discretion of each of them. During the time that this Agreement is in effect, the Agency shall not be precluded, however, from acquiring lands in the Agency Implementation Area from third parties on such terms as the Agency and such third parties may agree, although the Agency shall have no duty to acquire any such lands, nor shall the Agency be deemed to be precluded from furnishing to other persons or entities unrelated to the Participant information in the possession of the Agency relating to the Agency Implementation Area, and the Project Study. The designation of community redevelopment activities and projects which may be undertaken using Agency assistance in the Agency Implementation Area, shall remain within the sole and exclusive purview of the Agency to administer and approve. The Agency may also provide any other information in its possession which would customarily be furnished to persons requesting information from the Agency concerning its activities, goals, and matters of a similar nature. Section 7: Agency Cooperation. During the term of this Agreement the Agency shall use its best efforts to: (1) Assemble and evaluate information in cooperation with the Participant and to assist in the preparation of one or more conceptual development plans for the Project of sufficient detail to provide a basis for estimating the cost of certain components of the reuse and redevelopment of the Agency Implementation Area, including but not limited to vacation, realignment or abandonment of public streets, alleys and rights-of-way, and the installation and improvement of public improvements within or of benefit to the Agency Implementation Area and the completion of all required environmental evaluation of the Project. SBEO/0001/DOC/3SS2-2 10/26/99 1120 ct 5 '- ,,- ~ - ~ (2) Select and retain the services of such consultants as necessary or convenient to assist the Agency to prepare the Project Study. (3) Pursue public financing alternatives for the reuse and redevelopment of the Agency Implementation Area and the Project as may be necessary or appropriate. (4) Consult, as appropriate, with third party owners of lands concerning the coordination of the acquisition, reuse or redevelopment of their property within the Project. (5) The Agency shall, on a regular basis keep the Participant advised as to the progress of the matters noted above. (6) The Agency shall use its best efforts to work with federal agencies, Cal-Trans and other non-City agencies to determine how sources for financial and other assistance from such third party agencies, may be required and integrated into a specific plan of redevelopment to implement the Project. Section 8: Negotiation of a Project OPA/DDA. During the course of the Project Study, the Agency and the Participant shall exercise best efforts to negotiate the terms and conditions of a Project OPA/DDA, which includes provisions and covenants mutually acceptable to the parties in the sole and absolute discretion of each of them for the reuse and redevelopment of the Agency Implementation Area. Section 9: [RESERVED .-- NO TEXT] Section 10: Optional Termination By Participant or By Agency. (a) Provided the Participant is not in default, the Participant may in its sole and absolute discretion exercise an election to suspend the Project Study, and this Agreement shall terminate and the parties shall be mutually released from any further obligations hereunder; provided that the Participant gives thirty (30) days written notice to the Agency and has paid all Project Study costs allocated to the Participant, if any, under Section 4(a) (b) Provided the Agency is not in default, the Agency may in its sole and absolute discretion exercise an election to suspend the Project Study, and this Agreement shall terminate and SBEO/0001/DOC/3552-2 10/26/99 1120 ct 6 "-' the parties shall be mutually hereunder thirty (30) days Participant. released frem any further ebligatien fellewing written netice to. the (c) In the event that this Agreement may be terminated by the Agency as set ferth in Sectien l(a) (ii), the Agency shall pay the Participant a sum ef meney equal to. ene-half (1/2) ef the preject Study Cests as allecated to. the Participant under Sectien 4(a), if any, which have been previeusly inveiced and paid to. the Agency by the Participant. The Agency shall pay such sum to. the Participant within Sixty (60) days fellewing the date ef the netice ef the Agency terminating this Agreement. Sectien 11: Participant Financial Disclesures. The Participant acknewledges that it may be requested to. make certain financial disclesures to. the Agency, its staff er legal ceunsel. The Participant further acknewledges that it may be requested to. disclese to. the Agency the relevant terms ef its prepesed metheds ef financing to. be used by the Participant fer the reuse and redevelepment ef the Site. The Agency agrees that it shall maintain all such infermatien and recerds as a cenfidential business matter ef the Agency to. the extent permitted by law. r-. L Sectien 12: Preperty frem the Agency Relecatien Assistance. Participant Acquires No. Interest in and the Agency Assumes No. Liability fer (a) The Participant hereby acknewledges that it has net acquired pursuant to. this Agreement, any legal er equitable interest in real preperty in the Agency Implementatien Area frem the Agency.. (b) No. tenant er ether persen in pessessien ef any interest in lands er imprevements lecated in the Agency Implementatien Area is required er cempelled to. relecate as part ef this Agreement. The Agency shall net be respensible fer the payment ef any claim fer relecatien assistance, as generally described in Gevernment Cede Sectien 7260, et seq., to. any such persen er business as ef the date ef the Agreement except as may hereafter be specifically set ferth in the preject OPA/DDA. Sectien 13: Nendiscriminatien. The Participant shall net discriminate against ner segregate any persen, er greup ef persens en acceunt ef race, celer, creed, religien, sex, marital status, handicap, natienal erigin er ancestry in the sale, lease, sublease, transfer, use, eccupancy, tenure er enjeyment ef the prej ect ner shall the Participant establish er permit any such ~,-, ........... SBEO/0001/DOC/3552-2 10/26/99 1120 ct 7 j/-" '- c -- \.- practice of discrimination or segregation with selection, location, number, use, or occupancy of tenants, lessees, subleases, subtenants, or vendees of the land. Section 14: Defaults and Breach - General. Failure or delay by either party to perform any material term or provision of this Agreement shall constitute a default under this Agreement; provided however, that if the party who is otherwise claimed to be in default by the other party commences to cure, correct or remedy the alleged default within thirty (30) calendar days after receipt of written notice specifying such default and shall diligently complete such cure, correction or remedy, such party shall not be deemed to be in default hereunder. The party that may claim that a default has occurred shall give written notice of default to the party in default, specifying the alleged default. Delay in giving such notice shall not constitute a waiver of any default nor shall it change the time of default; provided, however, the injured party shall have no right to exercise any remedy for a default as set forth herein without delivering the written default notice as specified herein. Any failure to delay by a party in asserting any of its rights and remedies as to any default shall not operate as a waiver of any default or of any rights or remedies associated with such a default. . In the event that a default of either party may remain uncured for more than thirty (30) calendar days following written notice, as provided above, a "breach" shall be deemed to have occurred. Except for the exercise of a remedy for which the sole remedy set forth herein is termination of this Agreement, in the event of a breach, the party who is not in default shall be entitled to seek any other appropriate remedy by initiating legal proceedings. The costs, salary and expenses of the City Attorney and members of his office in enforcing this Agreement shall be considered as "attorney's fees". Section 15: Termination of Agreement. In the event that a breach has occurred under Section 14, the party who is not then in default may terminate this Agreement by serving the other party with a written notice of termination, and thereafter the Agreement shall terminate thirty (30) days following the date of service of the notice of termination on the other party. Section 16: No Assignment of Agreement. This Agreement shall not be assigned by the Participant (except to a new or successor entity in which the principals of the Participant SBEO/0001/DOC/3552-2 10/26/99 1120 ct 8 ....- ! '- c /"...,-..... '- shall have either an ownership interest. and or management control) without prior written approval of the Agency, which the Agency may grant or refuse at its sole discretion. Section 17: Press Releases. The Participant agrees to discuss any press releases it may propose relating to the Project with a designated Agency representative prior to publication in order to assure accuracy and consistency of the information. Section 18: Notice. All notices required hereunder shall be presented in person or by FAX, and confirmed by First Class United States mail with return receipt requested. Notice shall be deemed confirmed by United States mail effective the second business day after deposit with the United States postal service. Notice by personal service shall be deemed effective upon receipt. Either party may change their address for receipt of notice by notifying the other party. TO PARTICIPANT: Arthur Pearlman Corporation 1137 Second St., Suite 100 Santa Monica, CA 90403 Attn: Arthur Pearlman Phone: (310) 260-2425 Fax: (310) 260-6334 COPY TO: Mr. Edward Dygert, Esq. COX, CASTLE & NICHOLSON 19800 MacArthur Blvd. Suite 600 Irvine, CA 92612-2435 Phone: (949)260-2642 Fax: (949)476-0256 TO AGENCY: Redevelopment Agency of the City of San Bernardino 201 North "E" Street, Suite 301 San Bernardino, CA 92401 Attn: Margaret Park, AICP Phone: (909) 663-1044 Fax: (909) 888-9413 SBEO/0001/00C/3552-2 10/26/99 1120 ct 9 /0~~. \",... r '- "- Section 19: Authority. This Agreement may be executed in counterparts and when fully executed by the parties each such counterpart shall be deemed to be one original document. Each signatory to this Agreement represents and warrants that he or she has the authority to execute this Agreement on behalf of the party which he or she represents. IIII IIII IIII IIII IIII SBEO/0001/DOC/3552-2 10/26/99 1120 ct 10 ."- L ,,--- '- ..- "- IN WITNESS WHEREOF, the undersigned have executed this Agreement on the dates indicated next to each of their signatures as appear below. Date: Date: ATTEST: By: Agency Secretary APPROVED AS TO FORM: By: Agency Special Counsel SBEO/0001/DOC/3552-2 10/26/99 1120 ct PARTICIPANT Arthur Pearlman Corporation, a California corporation By: for Arthur Pearlman Corporation AGENCY Redevelopment Agency of the City of San Bernardino By: Chair of the Community Development Commission of the City of San Bernardino 11 ~ ** FOR OFFICE USE ONLY - NOT A PUBLIC DOCUMENT ** RESOLUTION AGENDA ITEM TRACKING FORM Meeting Date (Dale Adopted): '6-""0 \ Item # Vote: Ayes 1-'1 Nays-B Change to motion to amend original documents: ~ 2.\ Resolution # Cae)? (',0 I - 0\ Abstain .-e- Absent .-e- Reso. # On Attachments: ~ Contract term: - Note on Resolution of Attachment stored separately: -=--- Direct Ciiy Clerk 10 (circle I): PUBLISH, POST, RECORD W/COUNTY f'r Date Senl to Mayor: )$-- 1'<'''' 1 Date of Mayor's Signature: f.<:;-o I Date ofClerklCDC Signature: I<--q-O \ Date MemolLeller Senl for Signature: 60 Day Reminder Letter Sent on 30th day: 90 Day Reminder Letter Sent on 45th day: See Attached: See Attached: See Attached: Request for Council Action & Staff Report Attached: Updated Prior Resolutions (Other Than Below): Updated CITY Personnel Folders (6413, 6429, 6433, 10584, 10585, 12634): Updated CDC Personnel Folders (5557): Updated Traffic Folders (3985, 8234, 655, 92-389): Copies Distributed to: City Attorney Parks & Rec. Code Compliance Dev. Services Public Services Water Police Notes: 0f.)A o~("'\~('\c:.. Slr':",..'.Pr-n...e t.~ NulVVoidAfter:ioo D~ \ /'O-S-Ol I By: - Reso. Log Updated: Seal Impressed: ,/" ./ Date Returned: '1. "0 I Yes ./' No By Yes No ./ By Yes No ./ By Yes No v By Yes No/ By EDA ,/ Finance MIS Others: BEFORE FILING. REVIEW FORM TO ENSURE ANY NOTATIONS MADE HERE ARE TRANSFERRED TO THE YEARLY RESOLUTION CHRONOLOGICAL LOG FOR FUTURE REFERENCE (Contract Term. etc.) Ready to File: ~ Date: ~-l-O I Revised 01 I 12/0 1