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2001-106
Resolution Number:
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 OF ITS
MULTIFAMILY REVENUE BONDS FOR THE PACIFIC PALMS
TRAILER PARK PROJECT AND THE GLEN AIRE MOBILE HOME PARK
PROJECT
WHEREAS, the Pacific Palms Mobile Home Park Corporation,
a California non-profit 501 (c) (3) corporation and the Glen Aire
Mobile
Corporation,
California
non-profit
Park
Home
a
501 (c) (3) corporation (the "Corporations") have requested that the
Housing Authority of the County of San Bernardino (the "Authority")
issue multifamily revenue bonds in an aggregate principal amounts
of not to exceed $4,425,000 and 4,250,000 respectively, (the
"Bonds") for the purpose of refinancing certain bonds issued to
acquire the Pacific Palms Trailer Park and the Glen Aire Mobile
Home Park (the "Projects"); and
WHEREAS, the Mayor and Common Council is the elected
legislative body of the City of San Bernardino (the "City"); and
WHEREAS, the Corporations have requested that the Mayor
and Common Council approve the financing of the Projects and the
issuance of the Bonds in order to satisfy the public approval
requirements of Section l47(f) of the Code; and
WHEREAS, the City Clerk has caused the publication of a
notice of public hearing which has been held in accordance with the
requirements of the aforementioned law; and
WHEREAS, the Mayor and Common Council now desire to
approve the financing of the Projects and the issuance of the
Bonds.
1
2001-106
I NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE CITY
2 OF SAN BERNARDINO, CALIFORNIA, DO HEREBY FIND, RESOLVE, DETERMINE
3 AND ORDER AS FOLLOWS:
4 Section 1. Reci tals. The Recitals contained herein
5 are true and correct and are incorporated herein by this reference.
6 Section 2. Determinations. The Mayor and Common
7 Council hereby approve the financing described above and find and
8 determine that said financing will result in significant public
9 benefits to the City and its residents.
10 Section 3. Official Action. The officers of the
11 City are hereby authorized and directed, jointly and severally, to
12 do any and all things and to execute and deliver any and all
13 documents which they deem necessary or advisable in order to carry
14 out, give effect to and comply with the terms and intent of this
15 Resolution and the financing transaction approved hereby.
16 Section 4. Effective Date. This Resolution shall
17 take effect from and after the date of its passage and adoption.
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2001-106
I RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN
BERNARDINO APPROVING THE ISSUANCE BY THE HOUSING AUTHORITY OF THE
2 COUNTY OF SAN BERNARDINO MULTIFAMILY REVENUE BONDS FOR THE PACIFIC
PALMS TRAILER PARK PROJECT AND THE GLEN AIRE MOBILE HOME PARK
3 PROJECT
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I HEREBY CERTIFY that the foregoing Resolution was duly
adopted by the Mayor and Common Council of the City of
San Bernardino at a joint regular
meeting thereof, held on
the 7th day of Mav 2001, by the following vote, to wit:
9 Council Members
ESTRADA
10 LIEN
McGINNIS
11 SCHNETZ
SUAREZ
12 ANDERSON
McCAMMACK
AYES
---x-
X
X
X
X
X
X
NAYS
ABSTAIN
ABSENT
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~a:vkedfAed~11/; ~
The foregoing resolution is hereb approved this ~ni day
of May, 2001.
Approved as to form and
legal content:
By: J~ ?~
ty Attorney
22
alles, Mayor
San Bernardino
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HASBj0003/DOC/Tefra-Pacific-Glen MHP.wpd
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1 STATE OF CALIFORNIA
COUNTY OF SAN BERNARDINO ss
2 CITY OF SAN BERNARDINO
3
4 I, Ci ty Clerk of the City of
San Bernardino, DO HEREBY CERTIFY that the foregoing and attached
5 copy of Mayor and Common Council of the City of San Bernardino
Resolution No. is a full, true and correct copy of that
6 now on file in this office.
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IN WITNESS WHEREOF, I
affixed the official seal of the
City of San Bernardino this
have hereunto set my hand and
Mayor and Common Council of the
day of , 2001.
10 City Clerk
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