HomeMy WebLinkAbout1995-119
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RESOLUTION NO. 95-119
RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY
OF SAN BERNARDINO, CALIFORNIA, REGARDING PLEDGE OF
CERTAIN FUNDS OF THE CITY AS SECURITY FOR CERTAIN BONDS
WHEREAS, the City of San Bernardino is a municipal
corporation and charter city (the "City"), duly organized and
existing under and pursuant to the provisions of the Constitution
of the State of California; and
WHEREAS, the City receives certain funds from the
Federal government for certain housing purposes (the nH.O.M.E."
Program); and
WHEREAS, the City desires to assist the Redevelopment
Agency of the City of San Bernardino (the nAgency) in the
acquisition of certain mobilehome parks entitled Tropicana
Mobilehome Estates (nTropicanan), Orangewood Estates Mobilehome
Park ("Orangewoodn) and Friendly Village (collectively, the
"Projects") .
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. Recitals. The Recitals contained herein
are true and correct and are incorporated herein by this
reference.
III
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SECTION 2. Determinations. The City finds and
determines that assistance to the Agency for the purchase of the
Projects will benefit the residents of the City by providing
better housing conditions, alleviating blighting conditions and
improving the health, safety and welfare of the residents of the
City.
SECTION 3. Pledqe of Funds. The City hereby
pledges its H.O.M.E. Funds to the Agency in the following dollar
amounts in order for the Agency to acquire title to the Projects
as herein set forth: (i) $325,000 - Orangewood; (ii) $179,000 -
Tropicana; and (iii) $107,000 - Friendly Village. The actual
transfer of such funds from the City to the Agency shall be
evidenced in an agreement to be prepared and executed by and
between the Agency and the City. The City hereby authorizes the
preparation of such agreement and further authorizes its
execution by the Mayor and the City Clerk on behalf of the City.
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RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN
BERNARDINO, CALIFORNIA, REGARDING PLEDGE OF CERTAIN FUNDS OF THE
CITY AS SECURITY FOR CERTAIN BONDS
SECTION 4.
Effective Date.
The findings and
determinations herein shall be final and conclusive.
This
Resolution shall take effect upon the date of its adoption.
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
thereof, held on the
day of
April
17th
1995, by the following vote, to wit:
Council Members:
ABSENT
NAYS
ABSTAIN
AYES
NEGRETE
CURLIN
HERNANDEZ
OBERHELMAN
DEVLIN
POPE-LUDLAM
MILLER
x
x
x
--X-
x
x
x
C~~~
19th
The foregoing
day of April
resolution is hereby approved
,1995. ~
0~ ti(R~^
Mayor of the City of
San Bernardino
this
Approved as to form and legal content:
JAMES F. PENMAN
City Attorney
By: /JAtAuAJJ/:J~./
SB~12:~C~~-Y7 -
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STATE OF CALIFORNIA
COUNTY OF SAN BERNARDINO
CITY OF SAN BERNARDINO
ss
I, Rachel Clark ci ty Clerk of the City of
San Bernardino, DO HEREBY CERTIFY that the foregoing and attached
copy of Mayor and Common Council of the City of San Bernardino
Resolution No. 95-119 is a full, true and correct copy of that
now on file in this office.
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed the official seal of the Mayor and Common Council of the
City of San Bernardino this 19th day of April
1995.
q~JvI ~
Cit Clerk
City of San Bernardino
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