HomeMy WebLinkAboutR06-Redevelopment Agency
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\ ~ENT AGENCY...au.ST FOR A.ISSION/COUNCIL Aa.c.
ps:"m:
"t:
Glenda Saul, Executive Director
Subject:
SALE OF LENA ROAD PROPERTY
Redevelopment Agency
Date: October 28, 1986
Synopsis of Previous Commiaion/Council action:
None
Recommllllded motion:
(MAYOI. & COMKOH COUNCIL)
a)
Move to set a joint public hearing at 11:00 a.lI. on Monday, lIovember 17, 1986 to
consider the option or sale of real property at the southwest corner of Rialto
Avenue and Lena Road.
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(COKKUNITY DEVEIDPKllNT COKKISSmH)
b) Move to set a joint public hearing at 11:00 a.lI. on Monday, November 17, 1986 to
consider the option or sale of 'real property at the aouthwest corner of Rialto
Avenue and Lena Road.
,~~k
Signature
Contact person:
Glenda Saul
Amount: S
Hone
Phon.: 383.5081
Ward: 1st
Project: Hone
Date: November 3, 1986
Supporting data attached:
FUNDING REQUIREMENTS:
YES
No adverse Impact on City:
OCil Notes:
1718G/JH
11/03/~ ~
Agenda Item No. .-
, CI-R OF SAN BERNARDIQ) - REQUEQr FOR COUNCIL AC'ON
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STAFF REPORT
In June of 1984, the Agency acquired tit1e to 5.1 acres of 1and on the southwest
corner of Rialto Avenue and Lena Road as a part of the transaction with the County
Scho01s for their new administrative offices.
Staff has received an offer to purchase the Lena Road piece at its appraised value
of .450,000 cash. The offer is contingent upon the offeror being the successful
bidder in constructing and 1easing a public health c1inica1 services facility for
the County of San Bernardino (see attached 1etter). Bids will not be awarded-
un1:11 March 9, 1987.
Since this contingency transforms the offer to purchase into something c10se to an
option to purchase, staff recommends that item 3) on page 2 of Novak's 1etter be
negotiated to provide that .2,000 per month be retained by the Agency unt11 a
30-day escrow is opened and that the offer (option) espire on March 17, 1987.
The offerors fee1 they are saving the Agency any commission on the transaction
which would pay for the option price.
The Rede..velopment Co_iUee has recolDIDended that the Commission set a joint public
hearing for Monday, November 17, 1986 at 11:00 a.m. to consider the option or sale
of the property.
171SG/JH
11/03/86
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PROPERTY INFORMATION
LOCA nON:
Southwest corner of Rlalto Avenue and Lena Road.
SIZE:
5.1 Acres t (467' on Rlalto. 879' on Lena).
ZONING:
M-l Light Industrial.
APPRAISED VALUE:
$450.000 (May, 1985).
FEATURES:
Corner location with ample frontage. Good
proximity to downtown San Bernardino and to
Norton Air Force Base. Generally level
topography. Curb and gutter Installed.
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110. IlEDE\II:LOPICE AGIlICr ell" t'IIB
crn or BAR ~DO, CALD'ORRIA
300 IIorth ->>- Street, IlIlca 320
SlID ~. Cal., .2U8'
OFFEa '1'0
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Aug 1982
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/7 t)~T &6
GER'1'LBIIAR.
'1h. un4.r.ign.4 h.r.by off.r. to pureh... fro.
of ~h. Ci~y of San ..rnar4ino, California, ~h.
iD ~h.
City of
F/1='-TV
~h. a.4...lop..nt Ag.ney
r.al prop.r~y 10ea~.4
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'1hi. off.r i. ..4. .ubj.et ~o all of ~h. ~.r.., eon4ition., li.itations,
r.strietioD., r.~lIir...D~. an4 co..nant. contain.4 in .aeh of the follow-
ing 40cu..nt.. '1h. Off.ror aeknowl.4g.. r.e.ipt of .aeh 40eu..nt.
1. '1h. for. of Di.po.ition .n4 Joint D...lop..Dt Agr....nt, on
fil. iD ~h. offic. of ~h. a.4...10p..nt Ag.ncy.
proj.et Ar.a, a40pt.4
Or4inane. .0. of ~h. lIayo
of San ..rnar4ino.
3.
. 1'_, by the
Council of the City
of a..trietions r.eor4.4 ,
, Pag. , of offieial r.eor4s, San Bern-
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o.l!Ie follow1D9 1a hereby nbUUel! for JOW nvi.. end &JlPIOftl.
1. A ...bier'. obeclt in the .--t of Ft>tlI?7V F,f/E, 'THCU..sA (lJ 0
j)6L L.~ R s - ($ If S. '"' ~ ), paydlle
1:0 the JlalSe_10plellt A9enc:y of the City of San ..martino, ..u.ch 1a 1:0 be _llS
....-'f"" the acceptan.. of t:hi. offer. (10' of the off.rint price).
2. l!Ie e,pprox1ute .1&e .f the inprov_nU in aquare feet end the total
YallH1 of the iIIpl'ov_nU 1:0 be conatructed will be.
VAl.DE: :JI,. 8 ... ""'ON
SIZE. 2:3, ~oo SF
.
3. '1'IIe 4eacdpUOII of the .aiD.aa 1:0 be ..geplS in end the operaullII8 1:0 be
conc!uctelS ere aa foll_.
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(J(~f)(C~'- F4"'-' TY
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4. '1'ha approxilute nWlbar of pauonnel 1:0 be .-ployel! 18. UWK"'/JAJ"J
S. '1'Ile propoael! u.. of the ~nc_nt of the conat:nction of the lSavelopllent
after conveyance of the property 18. I l\.1 A fa I g 1
6. '1'Ile e.tilutelS lSuraUOII of the conat:nction padOl! b:
, rHo.s
7. '1'IIe reque.tel! ..crow clo.iDg lSate 18 U.nl!icau a apecific lSaU or a padOl!
of u.. after approval of the .ale by the CcllIaImity DevelOpMnt ec.aiaaiOll)
, W1AR. 87
8. Jlemark. end contingencie.,
SeE A~U-ic. D
I..ETTE~
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13';' J.hW~=NC.E. W. NovACt'<:.
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This offer shall be irrevocable until AlD~ffi~'~ /~ 19 &,
and shall remain in effect thereafter unt1 w t rawn by the-nYferor.
If sccepted, said deposit is to be applied tq the purchase price.
Upon notification of acceptance of this offer by the Seller, the
Offeror agrees to execute and enter into a Disposition and Joint
Development Agreement, in the form on file in the office of the
Redevelopment Agency and hereinabove referred to, and return the
executed copy of the Disposition and Joint Development Agreement to
the Redevelopment Agency withln ten (10) days after receipt by the
Offeror. It is understood that if sald underslgned Offeror refuses
to enter into such Disposltion and Joint Development Agreement, the
deposit herein referred to shall be forfeited to the Redevelopment
Agency.
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Indicate by check mark whlch paragraph applies, and complete the
second paragraph, if applicable.
(X) The undersigned hereby certifies under penalty of perjury
that no licensed real estate representative, relating to the
sale and development of above described property, represents
the Offeror.
( ) The undersigned hereby certifies under penalty of perjury
, -that
was the flrst and only Real Estate Broker who made the 1nitlal
contact with the undersigned, or representatives, relating to
the sale (lease) and development of the above described property.
0 SIGNATURE OF OFFEROR ~ ;9~
TYPED NAME OF OFFEROR HiM,.. '" ~NAflllE
TITLE OF OFFEROR _PARTNER
TITLE OF ORGANIZATION No7//tclt( :3NA "'1'5
ADDRESS ').0>- W, r2 ; /''IL T t:> A 1I/~
TELEPHONE
5AN l?eRN J:) fZD,'''''o (' /\-
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(7/0/) f ~tj - tlS$r 7'Y>fD ~
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SIGNATURE OF OFFEROR
TYPED NAME OF OFFEROR
TITLE OF OFFEROR
TITLE OF ORGANIZATION
ADDRESS
TELEPHONE
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N8v ACI~ - S~ANE
202 W. RIALTO AVEHlE, surm ioo, SAN BERNARDIN), CALIroIlNIA 92408, 714/889-0555
October 16, 1986
San Bernardino Redevelopment Agency
Ci ty Ball
San Bernardino, CA 92410
NOVACK-SHANE, A California General Partnership submits
the following offer to purchase' the particular parcel of real
property from the San Bernardino Redevelopment Agency described
a's 5.1 A.C. located at the southwest corner of Rialto Avenue
and Lena Road, in the City and County of San Bernardino, State
of California:
Purchase price: $450,000 (appraisal value, May, 1985),
payable in a lump sum less the deposit of $45,000 which is delivered
herewith, subject to the following terms and conditions:
I) The above proposed buyer is the successful bidder to
construct and lease to the County of San Bernardino, a new public
health Clinical services facility at the above mentioned property
site.
2) In that. event, the balance of the purchase price
($405,000) shall be paid through escrow to the San Bernardino
Redevelopment Agency, upon the execution of the lease by the County
of San Bernardino and the proposed buyer and the issuance of a
building permit by the City of San Bernardino.
The escrow instructions shall provide, in addition to the
usual terms and conditions, as follows:
I) $405,000 shall be paid forthwith.
2) Title shall be transferred to the proposed buyer
free and clear of liens, assements, or easements.
3) A title policy will be issued to the proposed
buyer accordingly.
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SH~E
San Bernardino ~edevelopment Agency
October 16, 1986
Page Two
3) In the event, the proposed buyer is not the successful
bidder and/or a lease is not executed as provided herein, the San
Bernardino City Redevelopment Agency and proposed buyer shall not
have any further obligation pursuant to this offer and the San
Bernardino City Redevelopment Agency shall return the $45,000 deposit
to the proposed buyer within ten (IO) days after receiving written
notice from the proposed buyer'that it was not the successful bidder.
4) Pending the acceptance or rejection of the proposed
bid by the proposed buyer to the County of San Bernardino the said
proposed buyer shall have the rlght to enter upon the said subject
parcel of real property for the purposes ~f soil testing, surveying
and the drawing elevation maps and any other reasonable and necessary
plans, which shall be at the proposed buyers discretion and at its
sole expense.
This offer is submitted to this ;7 day of,October, 1986.
By
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m Bank of America"'"
0001495825
CASHIER'S CHECK
114&11210
AI)' To TIle 0trIe, 01
~~***********************
00te.P6 tlH 1"
~~!tt tlf Amfrit~l+5,OOOdorsOOc-t;.; _I $ *$45,000.00*
~ C7i ____.r,..
NOVACK/SHANE J ~ ...t"Y'd. ~ _ '
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