HomeMy WebLinkAboutRES NO 40-82RESOLUTION NO.
40-82
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
BAKERSFIELD MAKING CERTAIN FINDINGS WITH RESPECT
TO A DISPOSITION AND DEVELOPMENT AGREEMENT
BETWEEN THE BAKERSFIELD REDEVELOPMENT AGENCY
AND BAKERSFIELD METROPOLITAN ASSOCIATION APPROVING
THE PROPOSED LEASE OF CERTAIN REAL PROPERTY AND
THE DISPOSITION AND DEVELOPMENT AGREEMENT FOR THE
CONVENTION CENTER HOTEL.
WHEREAS, the Bakersfield Redevelopment Agency (the
"Agency") is engaged in activities necessary to execute and
implement the Redevelopment Plan for the Downtown Bakersfield
Redevelopment Project (the "Project"); and
WHEREAS, in order to implement the Redevelopment Plan,
the Agency proposes to lease certain real'property (the "Site")
in the Project area, pursuant to the terms and provisions of a
Disposition and Development Agreement (the "Agreement"), which
property is described in said Agreement; and
WHEREAS, Bakersfield Metropolitan Association (the
"Developer") has submitted to the Agency a written offer in the
form of said Agreement to purchase and lease or sublease the
Site; and
WHEREAS, the proposed Agreement contains all the
provisions, terms, conditions and obligations required by State
and local law; and
WHEREAS, the Developer possesses the qualifications and
financial resources necessary to acquire and insure development
of the Site in accordance with the purposes and objectives of the
Redevelopment Plan; and
WHEREAS, the Agency has prepared and this City Council
has reviewed and considered a summary setting forth the cost of
the Agreement to the Agency, the estimated value of the interests
to be conveyed determined at the highest uses permitted under the
Redevelopment Plan, the lease price, and the reasons for any
difference in the lease price and the estimated value of the
interests conveyed, and made said summary available for public
inspection in accordance with the California Community Redevelop-
ment Law; and
WHEREAS, the City Council has found on the basis of a
Negative Declaration that the proposed Agreement will not have a
significant effect on the environment; and
WHEREAS, pursuant to the provisions of the California
Community Redevelopment Law, the Agency and the City Council of
the City of Bakersfield held a duly noticed joint public hearing
on the proposed lease of the Site and the proposed Agreement,
said notice having been published in the Bakersfield Californian
on April 9, 12 and 20, 1982; and
WHEREAS, the City Council has considered all terms and
conditions of the proposed lease, and believes that the redevelopment
of the Site pursuant to the proposed Agreement is in the best
interests of the City and the health, safety, morals and welfare
of its residents, and in accord with the public purposes and
provisions of applicable State and local law.
NOW, THEREFORE, the City Council of the City of Bakers-
field does resolve as follows:
1. The City Council hereby finds and determines that
the consideration for the lease of the Site pursuant to the
Disposition and Development Agreement between the City Council
and Bakersfield Metropolitan Association is not less than fair
market value of the interests conveyed, determined at the highest
uses permitted under the Redevelopment Plan, in accordance with
the covenants and conditions governing such lease. This finding
is based upon t-he reasons contained in the-financial--summary
prepared pursuant to Health and Safety Code Section 33433.
2. The City Council hereby finds and determines that
the lease of the Site pursuant to the Agreement is necessary to
effectuate the purposes of the Downtown Bakersfield Redevelopment
Plan.
3. The lease of the Site by the City Council to
Bakersfield Metropolitan Association, and the Agreement which
establishes the terms and conditions for the lease and develop-
ment of such Site, are hereby approved.
o0o.
I HEREBY CERTIFY that the foregoing Resolution was
passed and adopted by the Council of the City of Bakersfield at a
regular meeting thereof held on the 27th day of April, 1982, by
the following vote:
AYES: COUNCILMEN: BARTON, CHRISTENSEN, MEANS, I~'A'¥Ne, RATTY, ROCKOFF, STRONG
~i~,~TAINING: COUNCILMEN:
'Y~ E~r
CIT k of
Council of the City of Bakersfield
APPRO~Z~.~ th{~---27~!~ay of April 1982
the
APPROVED as to form:
RJO:mrO
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