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RESOLUTION 1999-170
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RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF
THE CITY OF SAN BERNARDINO APPROVING THE
ISSUANCE OF HOUSING AUTHORITY OF THE COUNTY
OF SAN BERNARDINO MULTIFAMILY REVENUE BONDS
(MOBILE HOME PARK PROJECTS)SERIES 1999
WHEREAS, The San Bernardino Mobilehome Park Corporation,
a California non-profit SOl(c) (3) corporation and several subsidiary
corporations (the "Corporations") have requested that the Housing
Authority of the County of San Bernardino (the "Housing Authority")
issue multifamily revenue bonds in an aggregate principal amount
not to exceed $30,000,000 (the "Bonds") for the purpose of
refinancing certain bonds issued to acquire those certain
mobilehome parks hereinafter listed: Rancho Meridian Mobilehome
Park, Friendly Village Mobilehome Park, Orangewood Mobile Estates,
Tropicana Mobile Estates, Sequoia Plaza Mobilehome Community, Glen
Aire Mobilehome Park, Pacific Palms Trailer Park, and Ninth Street
Mobilehome Park (the "Project"); 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 Project 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
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1999-170
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WHEREAS, the Mayor and Common Council now desire to
approve the financing of the Project and the issuance of the Bonds.
NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE CITY
OF SAN BERNARDINO, CALIFORNIA, DO HEREBY FIND, RESOLVE, DETERMINE
AND ORDER AS FOLLOWS:
Section 1.
Reci ta1s. The Recitals contained herein
are true and correct and are incorporated herein by this reference.
Section 2. Determinations. The Mayor and Common
Council hereby approve the financing described above and find and
determine that said financing will result in significant public
benefits to the City and its residents.
Section 3. Official Action. The officers of the
City are hereby authorized and directed, jointly and severally, to
do any and all things and to execute and deliver any and all
documents which they deem necessary or advisable in order to carry
out, give effect to and comply with the terms and intent of this
Resolution and the financing transaction approved hereby.
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1999-170
1 RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN
BERNARDINO APPROVING THE ISSUANCE OF HOUSING AUTHORITY OF THE
2 COUNTY OF SAN BERNARDINO MULTIFAMILY REVENUE BONDS (MOBILE HOME
PARK PROJECTS)SERIES 1999
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Section 4.
Effective Date.
This Resolution shall
5 take effect from and after the date of its passage and adoption.
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I HEREBY CERTIFY that the foregoing Resolution was duly
8 adopted by the Mayor and Common Council of the City of
9 San Bernardino at a ioint reQular
meeting thereof, held on
..July,
10 the 6th day of IlO4Xiler, 1999, by the following vote, to wit:
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ABSTAIN
ABSENT
Council: AYES NAYS
ESTRADA x
LIEN x
MCGINNIS x
SCHNETZ
DEVLIN
ANDERSON x
MILLER x
x
x
resolution
l~6f h ~
is hereby approved this s>~
The foregoing
~ 1999.
July,
day of
t.. c.b~-
f the Clty of
Bernardino
22 Approved as to form and
legal co tent:
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By:
24 Attorney
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26 HASB/0003/DOC/002. WPD
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