REPORT/RECOMMENDATION TO THE BOARD OF DIRECTORS
OF THE BLOOMINGTON RECREATION AND PARK DISTRICT
AND RECORD OF ACTION
June 2, 2020
FROM
LUTHER SNOKE, Interim Director, Special Districts
SUBJECT
Title
Replacement Property Agreement with the State of California for the Relocation of Ayala Park
End
RECOMMENDATION(S)
Recommendation
Acting as the governing body of the Bloomington Recreation and Park District, approve Replacement Property Agreement with State of California, Department of Parks and Recreation that establishes the terms and conditions regarding replacement property for relocation of Ayala Park, with a contract period from date of execution through June 30, 2040.
(Presenter: Luther Snoke, Interim Director, 386-8811)
Body
COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES
Promote the Countywide Vision.
Create, Maintain and Grow Jobs and Economic Value in the County.
Ensure Development of a Well-Planned, Balanced, and Sustainable County.
Pursue County Goals and Objectives by Working with Other Agencies.
FINANCIAL IMPACT
Existing contracts and grants pertaining to the relocation of Ayala Park will remain in place with Board of Directors (Board) approval of the recommended Replacement Property Agreement (Agreement).
The estimated cost of the Ayala Park Relocation Project (Project) is $5.4 million and is funded through several financing sources. The primary source of funding is a $3.0 million loan from the County General Fund as approved by the Board on December 10, 2019 (Item No. 53). On the same item, the Board approved a Purchase and Sale Agreement for the sale of the existing Ayala Park property from the Bloomington Recreation and Park District (BRPD) to the County of San Bernardino (County) in the amount of $3.0 million. In essence, proceeds from the sale will be used by BRPD to repay the County General Fund loan. The loan was needed to proceed with the Project because the State of California, Department of Parks and Recr...
Click here for full text