HomeMy WebLinkAbout2001-006
I
,
J
2001-6
.
1
2
3
4
5
RESOLUTION OF THE MAYOR AND COMMON COUNCIL
OF THE CITY OF SAN BERNARDINO APPROVING THE
ISSUANCE BY THE HOUSING AUTHORITY OF THE
COUNTY OF SAN BERNARDINO MULTIFAMILY
REVENUE BONDS FOR THE RANCHO MERIDIAN
MOBILE HOME PARK PROJECT AND THE SEQUOIA
MOBILE HOME PARK PROJECT
6 WHEREAS, the Rancho Meridian Mobile Home Park Corporation, a California non-profit
7 501(c)(3)corporation and the Sequoia Mobile Home Park Corporation, a California non-profit
8 501 (c )(3)corporation (the "Corporations") have requested that the Housing Authority of the County
9 of San Bernardino (the "Authority") issue multifamily revenue bonds in an aggregate principal
10 amounts of not to exceed $5,500,000.00 and $8,000,000.00 respectively, (the "Bonds") for the
11 purpose of refinancing certain bonds issued to acquire the Rancho Meridian Mobile Home Park and
12 the Sequoia Mobile Home Park (the "Projects"); and
13 WHEREAS, the Mayor and Common Council is the elected legislative body of the City of
14 San Bernardino (the "City"); and
15 WHEREAS, the Corporations have requested that the Mayor and Common Council approve
16 the financing ofthe Projects and the issuance of the Bonds in order to satisfy the public approval
17 requirements of Section 147(f) of the Code; and
18 WHEREAS, the City Clerk has caused the publication of a notice of public hearing which
19 has been held in accordance with the requirements of the aforementioned law; and
.
20 WHEREAS, the Mayor and Common Council now desire to approve the financing of the
21 Projects and the issuance of the Bonds.
22 NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN
23 BERNARDINO, CALIFORNIA, DO HEREBY FIND, RESOLVE, DETERMINE AND ORDER
24 AS FOLLOWS:
25
Section I.
Recitals. The Recitals contained herein are true and correct and are
26 incorporated herein by this reference.
27
28
1
.'
2001-6
1 Section 2. Determinations. The Mayor and Common Council hereby approve the
2 financing described above and find and determine that said financing will result in significant public
3 benefits to the City and its residents.
4 Section 3. Official Action. The officers of the City are hereby authorized and directed,
5 jointly and severally, to do any and all things and to execute and deliver any and all documents
6 which they deem necessary or advisable in order to carry out, give effect to and comply with the
7 terms and intent of this Resolution and the financing transaction approved hereby.
8 II1I
9 III/
10 //i/
II I1II
12 III1
13 IIII
14 IIII
15 II1I
16 III1
17 IIII
18 IIII
19 IIII
20 IIII
21 //1/
22 II1I
23 IIII
24 IIII
25 IIII
26 IIII
27 IIII
28 IIII
2
.
2001-6
I
2
3
4
5
RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE
CITY OF SAN BERNARDINO APPROVING THE ISSUANCE BY THE
HOUSING AUTHORITY OF THE COUNTY OF SAN BERNARDINO
MULTIFAMILY REVENUE BONDS FOR THE RANCHO MERIDIAN
MOBILE HOME PARK PROJECT AND THE SEQUOIA MOBILE HOME
PARK PROJECT
Effective Date. This Resolution shall take effect from and after the date of
Section 4.
6 its passage and adoption.
7 I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Mayor and
Joint
8 Common Council of the City of San Bernardino at a Regular meeting thereof, held on the 8th
9 day of January 2001, by the following vote, to wit:
10
NAYS ABSTAIN ABSENT
Council: AYES
11 ESTRADA X
LIEN X
12 McGINNIS X
SCHNETZ X
13 SUAREZ X
ANDERSON x
14 McCAMMACK
15
16
----X---
~1J.~
17
18
19
20
21
The foregoing resolution is hereby a~Yfoved this 10711 day of January, 200 I.
~a(~
~y rOfthe City of
(1ernardino
Approved as to form and
legal c tent:
22 By:
23
24
-~
Ity Attorney
HASB/0004/DOCITEFRA Revenue Bonds. wpd
25
26
27
28
3