HomeMy WebLinkAboutRES NO 94-81RESOLUTION NO. 94-81
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF BAKERSFIELD MAKING CERTAIN FINDINGS WITH
RESPECT TO A DISPOSITION AND DEVELOPMENT AGREE-
MENT BETWEEN THE BAKERSFIELD REDEVELOPMENT
AGENCY AND BELL TOWER ASSOCIATES APPROVING
THE PROPOSED SALE OF CERTAIN REAL PROPERTY
AND THE DISPOSITION AND DEVELOPMENT AGREEMENT
FOR A MULTI-LEVEL PARKING STRUCTURE.
WHEREAS, the Bakersfield Redevelopment Agency (the
"Agency") is engaged in activities necessary to execute and im-
plement the Redevelopment Plan for the Downtown Bakersfield
Redevelopment Project (the "Project"); and
WHEREAS, in order to implement the Redevelopment Plan,
the Agency proposes to sell 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, Bell Tower Associates (the "Developer") has
submitted to the Agency a written offer in the form of said
Agreement to purchase Site; and
WHEREAS, the proposed Agreement contains all the pro-
visions, 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 Disposition and Development Agreement
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 purchase prices
and the estimated value of the interests conveyed, and made said
Agreement available for public inspection in accordance with the
California Community Redevelopment 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 a duly noticed joint public hearing
on the proposed sale of the Site and the proposed Agreement; and
WHEREAS, the City Council has considered all terms and
conditions of the proposed sale and believes that the redevelop-
ment 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 Bakersfield
does resolve as follows:
1. The City Council hereby finds and determines that
the consideration for the sale of the Site pursuant to the Dis-
position and Development Agreement between the City Council and
Bell Tower Associates is not less than fair market value of the
interests conveyed, determined at the highest use permitted under
the Redevelopment Plan, in accordance with the covenants and
conditions governing such sale.
2. The City Council hereby finds and determines that
the sale of the Site pursuant to the Agreement is necessary to
effectuate the purposes of the Downtown Bakersfield Redevelopment
Plan.
3. The sale of the Site by the City Council to Bell
Tower Associates, and the Agreement which establishes the terms
and conditions for the sale and development 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 16th day of December, 1981, by
the following vote:
AYES: COUNCILMEN: BARTON,-G. HRIST-EN~,N, MEANS, I:~.¥'1'~, IIATTY, ROCKOFF, fr'J~lNO'
NOES: COU!,,ICILM':N: "J~C"LC~.
ABsTA,N,NG: COUNC,L~EN,~~ ~ ~
CI E ' '
Council of the C
the
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