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HomeMy WebLinkAboutReso RDA 20-1981 RESOLUTION NO. 20 RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO APPROVING THE ACQUISITION AND SIMULTANEOUS TRANSFER OF LAND FOR REDEVELOPMENT IN CONFORMITY WITH THE GATEWAY REDEVELOPMENT PLAN RESOLVED BY THE MEMBERS OF THE REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO: WHEREAS, on March 19, 1981 the Redevelopment Agency of the City of South San Francisco (the "Agency") and Homart Development Company ("Homart") entered into an Owner Participation and Development Agreement providing that Agency is to acquire fee title to certain real property ("drill track") as more particularly described in Exhibit "A" attached hereto owned by Southern Pacific Transportation Company ("Southern Pacific") with funds advanced to Agency by Homart; and WHEREAS, the Owner Participation and Development Agreement further provided for a simultaneous transfer of the aforesaid drill track to Homart for purposes of redevelopment in accordance with the Redevelopment Plan for the Gateway Redevelopment Project adopted by the City Council of the City of South San Francisco on June 17, 1981 as Ordinance No. 867-81; and WHEREAS, the Redevelopment Agency has determined that the disposition of the above-described property is in the best interest of the community as a whole and that the property will -- be developed pursuant to the aforesaid Redevelopment Plan; and WHEREAS, the Redevelopment Agency, Homart and the Southern Pacific have opened an escrow with the Title Insurance and Trust Company of Redwood City, California in order to complete the aforesaid transfer; NOW, THEREFORE IT iS HEREBY DETERMINED and the Redevelopment Agency of the City of South San Francisco does hereby resolve as follows: 1. That the transfer of the above-described property to Homart shall be conditional upon the redevelopment and use of the property in conformity with the Gateway Redevelopment Plan. 2. That the transfer of the above-described property is hereby approved and authorized in accordance with the Owner Participation and Development Agreement dated as of March 19, 1981. 3. The Chairman and Executive Director of the Redevelopment Agency of the City of South San Francisco are hereby authorized and directed to perform all acts necessary on behalf of the Agency for the acquisition and transfer of said property and said Chairman and Executive Director are further authorized to execute all documents necessary to con- clude the aforesaid acquisition and transfer and to do any and all other things in connection with such proceedings as in their judgment may be necessary or convenient to the successful conclusion of the aforesaid acquisition and transfer. 4. The Chairman and Executive Director are hereby individually authorized and directed to consent to and accept on behalf of the Agency all deeds and grants conveying any interest in the property as hereinabove described and are authorized and directed to execute all deeds and grants necessary to convey the aforesaid property to Homart Development Company. PASSED AND ADOPTED at a regular meeting of the Redevelopment Agency of the City of South San Francisco held on July 15, 1981 by the following roll call vote: AYES: Members Ronald G. Acosta, Mark N. Addie§o, Emanuele N. Damonte, Gus Nicolopulos, and Roberta C. Teglia NOES: None ATTEST: R~develop~ent Agency of the City of South San Francisco Executive Director EXHIBIT "A" All that certain parcel of land situated in the City of South San Francisco, County of San Mateo, State of California, being a portion of the parcel of land described first in deed dated September 8, 192~, from South San Francisco Land and · Improvement Company to the South San Francisco Belt Railway, recorded September 10, 1927, in Book 324 of Official Records, at Page 103, Records of San Mateo County, described as follows: Beginning at a point in the southeasterly line of the land of Utah International Inc. that is the most westerly corner of said land described first in said deed dated September 8,.1927; thence North 38029'48'' East along the southeasterly line of land of Utah International Inc., 103.88 feet to the most westerly corner of the 2744 square foot parcel of land described in deed dated May 21, 1952, from Southern Pacific Company to E.H. Edwards Company; thence along the southerly line of last said land as follows: easterly on a curve to the right having a radius of 789.78 feet and a central angle of 7023'03'' (tangent to said curve at last mentioned point bears North 70010'40'' East) an arc distance of 101.79 feet to a point, North 77033'43'' East tangent to said curve at last mentioned point 17.46 feet and North 2°.36'14'' West 11.00 feet to a point in the northerly line of said land described first in deed dated September 8, 1927; thence leaving said southerly line and along said northerly line as follows: North 87023'46'' East also along the southerly line of land as described in deeds recorded in Reel 7810 at Image 1575, in Volume 5847 at Page 610 and in Reel 7823 at Image 2400, all Records of San Mateo County, 1976.41 feet to a point, easterly and northerly on a curve to the left, also along said southerly line of said land described in deed recorded in Reel 7823 at Image 2400, having a radius of 307.74 feet and a central angle of 32°01'00" (tangent to said curve at last mentioned point is last described course) an arc distance of 171.96 feet to a point, and North 55°22'46" East, also continuing along last said southerly line, 447.73 feet to a point in the southerly line of Oyster Point Boule- vard, as recorded in Volume 4801 at Page 251, Records of San Ma'~eo County;-thence leaving said northerly line of land described first in said deed dated September 8, 1927, North 88014'36'' .East along last said southerly line, 75.90 feet to an angle point in last said southerly line; thence South 87043'22'' East continuing along last said ~outherly line, 172.00 feet to a point in the southerly line of said land described first in said deed dated September 8, 1927; thence along last said southerly line as follows: westerly and south- westerly on a curve to the left also along the northeasterly line of South San Francisc° Industrial Park, Unit No. 3-B, as shown on a map recorded in Volume 62 at Page 7 of Maps, Records of San Mateo County having .a radius of 655.00 feet and a central angle of 24049'57'' (tangent to said curve at last mentioned point bears South 79°53'11'' West) an arc distance of 283.88 feet to a point, South 55°03'1~'~'~ West tangent to said curve at last mentioned point and also continuing along last said north- easterly line 275.41 feet to a point, southewesterly on a curve to the right also along last said northeasterly line having ~a radius of 645.00 feet and a central angle of 10°12'27'' (tangent to said curve at last mentioned point bears South 55°03'14'' West) an arc distance of 114.91 feet~to a point, continuing westerly on last said curve having a radius of 645.00 feet and a central angle of 22008'20'' (tangent to said'curve at last mentioned point bears South 65°15'41'' West) an arc distance of 24~.23 feet to a point in a 3/4 inch pipe with tag "L.S. 4731," South 87°24'01'' West tangent to said curve at last mentioned point, 117'4.21 feet, North 62~08'26'' East 53.60 feet to a 3/4. inch pipe with tag "L.S. 4731," South 87~21'26" West 637.80 feet to a point in a 3/4 inch pipe with ta~'"L.S. 4731" and westerly on a curve to the left having a radius of 969.50 feet and a central angle of 20049'50'' (tangent to said curve at last mentioned point is last described course) an arc distance of 352.47 feet to the point of beginning, containing an area of 4.596 acres, more or less.