HomeMy WebLinkAbout1995-213
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RESOLUTION NO. 95-213
RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY
OF SAN BERNARDINO REGARDING THE HOLDING OF A PUBLIC
HEARING IN CONNECTION WITH THE REDEVELOPMENT AGENCY OF
THE CITY OF SAN BERNARDINO MULTIFAMILY HOUSING REVENUE
BONDS (HIGHLAND LUTHERAN PROJECT) 1995 SERIES A
WHEREAS, the City of San Bernardino, California (the
"City"), is a municipal corporation and a charter city duly created and
existing pursuant to the Constitution and the laws of the State of
California; and
WHEREAS, the City has caused the timely publication of
notice regarding the holding of the public hearing in accordance with
Section 147(f) of the Internal Revenue Code of 1986, as amended (the
"Code"), in connection with the proposed issuance of the Multifamily
Housing Revenue Bonds (Highland Lutheran Project) 1995 Series A, in a
total amount not to exceed $2,200,000
(the "Bonds" ) of the
Redevelopment Agency of the City of San Bernardino (the "Agency"); and
WHEREAS, the Agency proposes to apply its low- and moderate-
income housing funds to the repayment of the Bonds.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COMMON
COUNCIL OF THE CITY OF SAN BERNARDINO, AS FOLLOWS:
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Section 1.
Public Hearinq, Testimonv and Comments. The
ity has held a public hearing in accordance with the provisions of
ection 147 (f) of the Code, and has considered all testimony and
omments submitted in connection with the proposed issuance of the
onds and the application of the Agency's low- and moderate-income
ousing fund to the repayment of the Bonds, The City finds and
etermines that the application of said funds as proposed will benefit
the redevelopment project areas of the City.
Aooroval bv city.
The City, after
Section 2.
consideration of comments received at the public hearing, hereby
pproves the issuance of the Bonds.
Section 3.
Aooroval bv Elected Reoresentative. It is
the purpose and intent of the City that this Resolution constitute
approval by the applicable elected representative in accordance with
the terms of Section 147(f) of the Code.
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RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN
2 BERNARDINO REGARDING THE HOLDING OF A PUBLIC HEARING IN CONNECTION WITH
THE REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO MULTIFAMILY
3 HOUSING REVENUE BONDS (HIGHLAND LUTHERAN PROJECT) 1995 SERIES A
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Section 4.
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
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adopted by the Mayor and Common Council of the City of San Bernardino
regular
meeting thereof, held on the
at a
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19th
day of
June
1995, by the following vote, to wit:
ABSTAIN
ABSENT
ilM
rs:
AYES
NAYS
NEGRETE
CURLIN
HERNANDEZ
OBERHELMAN
DEVLIN
POPE-LUDLAM
MILLER
X
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x
x
x
C~~
ell? .'/c..,
The foregoing resolution is hereby approved this
June , 1995.
22nd
day of
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Mayor of the City of -
San Bernardino
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Approved as to form and legal content:
JAMES F. PENMAN
City Attorney
By:
SBEO\0140\OOC\6
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TATE OF CALIFORNIA
OUNTY OF SAN BERNARDINO
ITY OF SAN BERNARDINO
ss
I, Rachel Clark City Clerk of the City of
an Bernardino, DO HEREBY CERTIFY that the foregoing and attached copy
f Mayor and Common Council of the City of San Bernardino Resolution
o. 95-213 is a full, true and correct copy of that now on file in
his office,
IN WITNESS WHEREOF, I have
he official seal of the Mayor and
an Bernardino this 27th day of
hereunto set my
Common Council
June
hand and affixed
of the City of
1995.
Ci~~ ~
City of San Bernardino