HomeMy WebLinkAbout1996-057
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RESOLUTION NO. 96-57
RESOLUTION OF THE MAYOR AND COMMON COUNCIL
OF THE CITY OF SAN BERNARDINO APPROVING A JOINT
EXERCISE OF POWERS AGREEMENT BY AND BETWEEN
THE CITY OF SAN BERNARDINO AND THE
REDEVELOPMENT AGENCY OF THE CITY OF SAN
BERNARDINO FOR THE PURPOSE OF FORMING THE SAN
BERNARDINO ASSOCIATED COMMUNITIES FINANCING
AUTHORITY ("SANBAC")
WHEREAS, the City of San Bernardino is desirous of entering into a Joint
Exercise of Powers Agreement ("JP A") with the Redevelopment Agency of the City of San
Bernardino, to create and establish the "San Bernardino Associated Communities Financing
Authority" for the purpose of issuing bonds to provide funds for the financing of public capital
improvements (including health care facilities), working capital, liability and other insurance
needs or projects wheneyer there are significant public benefits; and
WHEREAS, the Government Code of the State of California authorizes the City
and the Redevelopment Agency, by agreement, to jointly form this Authority and exercise any
powers common to each of them; and
WHEREAS, the City of San Bernardino acknowledges and agrees to all covenants
and articles as appears in the document entitled, "Joint Exercise of Powers Agreement, Creating
the San Bernardino Associated Communities Financing Authority".
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COMMON
COUNCIL OF THE CITY OF SAN BERNARDINO, AS FOLLOWS:
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RES 96-57
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Section 1. The Mayor and Common Council hereby approves the form of the Joint
Exercise of Powers Agreement as attached hereto and authorizes the execution thereof by the
Mayor and the City Clerk together with such additions, changes and modifications as may be
approved by the City Attorney, The Mayor and the City Clerk are further authorized and directed
to execute and deliver such additional documents and filings as may be required as a condition
to the execution and delivery of the Joint Exercise of Powers Agreement in the [mal form thereof.
Section 2. This Resolution shall take effect upon adoption and shall be deemed to be full
authorization to undertake all actions contemplated to be performed by the City pursuant to the
terms and provisions of the Joint Exercise of Powers Agreement.
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RES 96:"'57
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RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN
BERNARDINO APPROVING A JOINT EXERCISE OF POWERS AGREEMENT BY AND
BETWEEN THE CITY OF SAN BERNARDINO AND THE REDEVELOPMENT AGENCY
OF THE CITY OF SAN BERNARDINO FOR THE PURPOSE OF FORMING THE SAN
BERNARDINO ASSOCIATED COMMUNITIES FINANCING AUTHORITY ("SANBAC")
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the
Mayor and Common Council of the City of San Bernardino at a regular
meeting
l8th
day of March, 1996, by the following vote, to wit:
thereof, held on the
9 Council:
AYES
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x
NEGRETE
CURLIN
ARIAS
OBERHELMAN
DEVLIN
ANDERSON
MILLER
x
x
x
x
March
The foregoing Resolution
,1996.
Approved as to
form and legal content:
B~Il.,
City Arney
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03\13\961115 kwp
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NAYS ABSTAIN ABSENT
x
x
~~Ad ~
Ci lerk
IS hereby approved this ;;Oft day of
r
~:)t(~
Mayor ofthe City of
San Bernardino