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RESOLUTION NO. 94-201
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RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF
THE CITY OF SAN BERNARDINO AUTHORIZING AND
DIRECTING THE EXECUTION OF DOCUMENTS RELATIVE
TO A SECTION 108 LOAN GUARANTEE COMMITMENT BY
HUD FOR THE WEST SIDE SHOPPING CENTER IN THE
AMOUNT OF $500,000.
8 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.
The Mayor of the City of San Bernardino, on behalf of the City
of San Bernardino, is hereby authorized and directed to execute loan documents by and
between the City of San Bernardino and the U.S. Department of Housing and Urban
Development (HUD) for a Section 108 Loan in the amount of $500,000.
Section 2.
The authorization to execute the above referenced agreement
is rescinded If the parties to the agreement fail to execute it within ninety (90) days of the
passage of this resolution.
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94 201
I HEREBY CERTIFY that the foregoing Resolution No. 94-201 was duly
2 adopted by the Mayor and Common Council of the City of San Bernardino at a
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regular
meeting thereof, held on the 18th day of July
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1994, by the following vote, to wit:
Council Members
NEGRETE
CURLIN
HERNANDEZ
OBERHELMAN
DEVLIN
POPE-LUDLAM
MILLER
ABSTAIN ABSENT
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CITY 'et..ERK
1994.
The foregoing resolution is hereby approved this 20th day of July
Approved as to form and legal content:
JAMES PENMAN
City Attorney
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MAYOR 0 the City of ......
San Bernardino