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HomeMy WebLinkAboutRES NO RA012-08RESOLUTION NO.~,~2.. - ~ 8 A RESOLUTION OF THE BAKERSFIELD REDEVELOPMENT AGENCY OF THE CITY OF BAKERSFIELD APPROVING THE SALE OF REAL PROPERTY BY THE BAKERSFIELD REDEVELOPMENT AGENCY FOR $660,000.00 TO CHELSEA INVESTMENT CORPORATION AND THE AGREEMENT WITH THE CITY FOR USE OF HOME FUNDS WHEREAS, the Redevelopment Plan for the Southeast Bakersfield Redevelopment Project Area (the "Redevelopment Plan") was approved and adopted by the City Council of the City of Bakersfield; and WHEREAS, the Bakersfield Redevelopment Agency (the "Agency") is authorized and empowered under Community Redevelopment Law to enter into agreements for the acquisition, disposition and development of real property and otherwise assist in the redevelopment of real property within a redevelopment project area in conformity with a redevelopment plan adopted for such area, to acquire real and personal property within redevelopment project areas, to receive consideration for the provision by the Agency of redevelopment assistance, to make and execute contracts and other instruments necessary or convenient to exercise its powers, and to incur indebtedness to finance or refinance redevelopment projects; and WHEREAS, the Agency owns that certain real property of approximately 3.80 acres within the Southeast Bakersfield Redevelopment Project Area, and located in the City of Bakersfield between "Q" Street and "S" Street, and California Avenue and the Burlington Northern & Santa Fe railroad tracks, comprised of assessor parcel nos. 006- 360-08, 006-360-11, 006-360-20, 006-360-21, 006-352-02, 006-352,-03, 006-352-07, and 006-352-08 ("the Property") and is more particularly described in Exhibit "A" ("Legal Description"), which is attached hereto and incorporated herein by reference; and WHEREAS, CHELSEA INVESTMENT CORPORATION, ("the Buyer") desires to acquire the Property to develop a 70-unit multi-family affordable apartment complex on the property according to the terms of the Disposition and Development Agreement ("DDA"). The use of the Property is in accordance with the Redevelopment Plan and the requirements of the City of Bakersfield; and WHEREAS, the purchase price Six Hundred Sixty Thousand Dollars ($660,000.00) is based upon an appraisal conducted by Dallis Higdon & Associates, and fair reuse analysis conducted by Keyser Marsten Associates, Inc.; and WHEREAS, pursuant to Section 33433 of the California Health and Safety Code, the Agency is authorized, with the approval of the Bakersfield City Council, after a duly noticed public hearing, to sell or lease the Property, for development pursuant to the Redevelopment Plan upon a determination by the City Council that the disposition of the Property will assist in the elimination of blight, and is consistent with the implementation plan adopted for the redevelopment project area pursuant to the Health and Safety S:\Agreement\2008 Resos\33433 reso Chelsea RDA.DOC September 3, 2008 AGENCY ORIGINAL Code Section 33490, and the fair market value or covenants and conditions thereof; and the consideration for such disposition is not less than either fair reuse value of the Property in accordance with the governing the disposition and development costs required WHEREAS, the proposed DDA, and a summary report meeting the requirements of the Health and Safety Code Section 33433, were available for public inspection consistent with the requirements of the Health and Safety Code Section 33433; and WHEREAS, the Project has a finding of no significant impact (FONSI) under the National Environmental Policy Act (NEPA), and qualifies under CEQA exempt under Section 15332 under Infill Development and therefore will not result in any significant effects relating to traffic, noise or water quality; and WHEREAS, all actions required by all applicable law with respect to the proposed Agreement have been taken in an appropriate and timely manner; and WHEREAS, the Bakersfield Redevelopment Agency has reviewed the summary report required pursuant to the Health and Safety Code Section 33433 and evaluated other information provided to it pertaining to the findings required pursuant to the Health and Safety Code Section 33433; and WHEREAS, the Bakersfield Redevelopment Agency has duly considered all the terms and conditions of the proposed Agreement and believes that the disposition of the Property pursuant thereto is in the best interest of the City of Bakersfield and the health, safety, and welfare of its residents, and in accord with the public purposes and provisions of the applicable state and local laws and requirements; and WHEREAS, the City Council has certain HOME Investment Partnership ("Home") funds available for eligible project; and WHEREAS, the proposed DDA contemplates assistance to the Developer from the Agency including up to One Million Dollars provided through an agreement with City for use of its HOME program funds; and NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED BY THE BAKERSFIELD REDEVELOPMENT AGENCY OF THE CITY OF BAKERSFIELD, AS FOLLOWS: The Bakersfield Redevelopment Agency finds and determines that, based upon evidence provided in the record before it, the consideration for the Agency's disposition of the Property pursuant to the terms and conditions of the Agreement, is not less than the fair reuse value in accordance with the Redevelopment Plan. S:Wgreement\2008 Resos\33433 reso Chelsea RDA.DOC September 3, 2008 2 AGENCY ORIGINAL 2. The Bakersfield Redevelopment Agency hereby finds and determines that the disposition of the Property pursuant to the DDA will: (i) assist in the elimination of blight by providing for the development of affordable housing which will serve as a catalyst for the development of other property in the Southeast Bakersfield Redevelopment Project Area and will also help to create new employment opportunities, and (ii) is consistent with the implementation plan for the Southeast Bakersfield Redevelopment Project Area adopted by the Agency pursuant to the Health and Safety Code Section 33490. 3. The Bakersfield Redevelopment Agency hereby finds and determines that the Project is categorically exempt from the requirements of CEQA pursuant to Section 15332 of the CEQA guidelines. 4. The Agency Secretary is hereby authorized to prepare and file a Notice of Exemption with the Clerk for the County of Kern. 5. The Bakersfield Redevelopment Agency hereby concurs in the authorization of the Agency's chair executing the DDA and the Home Agreement, and to take such actions and to execute such other documents on behalf of the Agency as necessary relative to the implementation and furtherance of the Agreement. HEREBY CERTIFY that the foregoing Resolution was passed and adopted by the Bakersfield Redevelopment Agency of the City of Bakersfield at a regular meeting thereof held on SEP 2 3 2008 , by the following vote: AYE NOES: ABSTAIN: ABSENT: APPROVED: DERICK PRINCE, CHAIRPERSON BAKERSFIELD REDEVELOPMENT AGENCY APPROVED AS TO FORM: VIRGINIA GENNARO GENERAL COUNSEL r By: ~,l 3 Sep embee3t2008 Resos\33433 reso Chelsea RDA.DOC AGENCY ORIGINAL AGENCY MEMBER BENT E , KOMAN, MISHOE, ORbIZ, PICKETT, PRINC , ~A141~• AGENCY MEMBER 11,01ti.~ AGENCY MEMBER ri.fiti.~ AGENCY MEMBER Ta(Cnlt ...v u.~~.-..... .~~.-- ssE -SECRETARY of the Baker d Redevelopment Agency EXHIBIT "A" LEGAL DESCRIPTION T-1E Lf+ND REFERRED "L' HE~<EIPJ HELUt'J I5 SITUh.TE_Q IN °HE t[TY CiF BISKERSFIELG, CUJ'1'Y (~F KERh, SIAI t of i+.11.1 II (7f{htlA, A.t'lli i5 l;l 5{.:i{llik l) AS F{1 I (i4'i~: t'dr~el :: l~.F'fv'S t~UG SbC) 11, :t0, 21, GtK, 35Z U1 APd't) pu Thuse portiar , of the foll;,ariny dzscrit:ed land,; (4z) Lnts 1, Z, 3, 4, 5 and 6 cf Block 34S ar?C Lnis 1 and 8 of Blctk 346, ih [he Ci`y of Bakcrsfie~d, County of Kern, State of ~ahfarnia, as per reap recardecl rAprrl 1y, 1cJi14 ih the Jtf~ce o` the ~aur,ty Recorder at said l;otntty. (hj Tt•.e Ft:~rth half of the a1ey acjoinirt~ the. `alla•,viny descrit~d ::^a~cels at end, Lnts 1, 2, 3 and ~ in said Hc;Ck 34'.i, uts fJ~)1 uk Hkxk 34(,; (ry Tlrr? rxt.,flt I7.iIf Cif rIN°,'~11!'y' r~c'IfFArni+lq tllf' d(,Ik~y.'r[lE~ r1[~Sf,rihe'd Ihnrre~k r]f I~r1d, t t~s 5 arm b rrr said Filcxk 395, Lots 8 irr said B{cck 346, half r=ef alley ad;aininy the folowiny described parcels;=~f land, Lots 1, 2, 3 and 4 i•r srlr;t k31u~k 3<~, I uis NIl ? of 131r.,ck 341; (d~ TI~•e ix~rtion o` ?R? Strt~et ly5rrg rr~tv:rzen laic Blocks 3~tS and 3•i5; (e) That portion of the P:orth hal` of 19th fitreet erccjoinirg said Bbeck 346, (f) 11'dl pr)rtran bf the Sr)rrth h~?It pf f,`~th SIrC'C't (ylric'f i!(1pi1C,(?nt 10 SdKI Id1CI C.}r7 t'1C rdC,>^,h d5 vcnC~)Ced Uy the C=iry of Ek3kersfield ire RPSDiutian Nn. 9~ -71 ap.~=+aved f~aventbr:r 21, 1971, described as follo•,ti~s: C-.ctrnm[-~nCmq ,=.t ,~ ;,U=nt r,f n?tersrctiar car tl=r : enlc•~Inl~c of ~,~ Start and .Sth Strr~rs ,~s sho[,n on sarcf mat7, sav point lyir•y 3~i6.59 feet ~r.itherly an a bearir>y of 5€suth •5+:1 degrees 51' 1L44' l'Jest from the intersect~n of the conlr•r^ine5 of {? 5trce-~t oral 1Lth Strr~ct; Thence South Sy degree's C+9 36" East orr and along the centerline at said 15th Street, a distance of 238,4iJ feet, tU it p<nnt Un: the I asterly *+gltl ref way €rne o! tl•r) Ker*1 Jsi~n{t l:inal, Bald point beatq thU true pCln,t pf hP~in-nirr,; T+t[~nm (1) Snnl h 134 d~grcr~s if4'3fi" Fast nn a*td ,?li,rig 1 hr• renk< rlinc+nf sjr(f 1Stlr Strc~r't, ,~ dislanrr~ of 413.47 feet Thence (Z) South Gt] dcgrec~s 4C'?2' YJest, ort and slang thy. wrsti'.rly right of way I-nrof S Street, a drstance of 113-3L teet, to a point un tf+e centerline of the alley ir3 said Hlcxx 395; Tnenr:a {:I) fJartl• 89 degrees 10'52" bVest, or: and along said alley centerline a distance of 132.1:+4 fret; l it<~n<<~ (4) Sn~rth 11(1 dr.57,mnc 51"74' VJO~t, [~n a~u; ~lorg thf~ wc?~t['~r1y I,ru: n! I ryt 7, c,f 5~~ Alryrk .345, ~~rd that prolongatior4 of said tat line, a dstance of 36,6.7 feet, T,tence (5} South 89 dPgr~ees 09'36" bb'e~st, a distance of 124.87 feet; I Hence (6} South S 1 degrCE~S 53'.37" ti'acst, ~) drstinre of 153.31 foot, to ~) ponlt an the easterly Ilnr_ of the Kent Islarrr. Canal; Th['nce (7} Nr,rth t}0 degrrrK 74'.33" S4c~st, nn arAri dtr,ng s,31d east curly line a distanrr of 753.9,,^r fc~c~t, tii paint of beyl n n ir'y Excepting therefrarn all ail, gas, othi'.r hydrocartron substances and nur•~erals previously reserved m dersds of rticarxf, Parcel Z: AFh {106-35Z-0 lnt 7 i+t Ble,ck 3.15, cn the Cray pf f3c~kersfieYl, CUuslty of tCern, Slate csf ~aHfrrn~, as tx';r Map ro;,orde~l nt flrx)k 1, pages 13 ar~G 14 of• Maps, in the office of the County Recorder o{ Kern County. Together with tt+e 5owrtherly I:(IIf ()f the CrI'+}-~+' ~lhtltllrltt S[~rCI t[rll~ SrS Yr}CCttF_,CI by Flf`SUII;rtIUrF Na. l7`,~~s recrrr;4c•tl Cktok.xr 1, 1rJ'a3 in t~wk 31GG, pa:~c 719 of C,~`f~ial Recorrs. t'arrel 3: ~`.I'fti 606-357-G7 1 nt 8 in Blc,ck 3.15, 3n t ht' ("cty of B,3kertfiektl, C-.nurlty of Krrn, Stacy of Catifnm,[), as Iter M.?p n'rarde~cf n~ [3uak 1, payer 13 ar~d 1r of Maps, in the office a` the County Recorder of Kern County. Together with the So.rtherly f.~ilf of the alR.y trbuttm~I said kind pis vs,catecl by Resulutir~r^ Nu. 7159 recort7ed Cktutaer I, 1959 !n Hcwk 31~), page 719 of C1`frcral Rccorrls. 1'drCe1 4: AI'fr CIGG 3ti0 U8 I+re Kerr. 1s~Ind Canarl ly+ny wilhm Hluck 3~#6 and will+in the Nurtlr hdtl ut 14th 5lreet, in the City cst Hake~iekl, tUe,nty crf KUrn, State r)f Califrrrni,~, as tx:r h1a;r rFtrarded in honk t, 4,ayiK 13 and 14 of Marrs, in they of+ice of the Cc~[inty Recorder o` Kern County, Af'M: 006-3b0-11, 20, Z1, fib-352-07, ^8, 02 and 03, fib-36u-08 4 AGENCY Septembe83t\2008 Resos\33433 reso Chelsea RDA.DOC ORIGINAL