HomeMy WebLinkAbout1992-481
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RESOLUTION NO. 92-481
RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO MAKING FINDINGS AND DETERMINATIONS AS TO THE
BENEFIT OF PROVIDING A CERTAIN LOAN GUARANTEE FOR THE SOUTHEAST
INDUSTRIAL PARK PROJECT AREA OF THE AGENCY.
WHEREAS, the City of San Bernardino, (the "City"), is a
municipal corporation and a charter city duly created and existing
pursuant to the Constitution and of the laws of the State of
California; and
WHEREAS, the Community Development Commission of the City of
San Bernardino (the "Commission") on behalf of the Redevelopment
Agency of the City of San Bernardino (the "Agency"), is a
redevelopment agency, a public body, corporate and politic of the
State of California, organized and existing pursuant to the
Community Redevelopment Law (Part I of Division 24) commencing
with Section 33000 of the Health and Safety Code of the State of
California (the "Act"); and
WHEREAS, the Agency may, in furtherance of its redevelopment
purposes, undertake redevelopment projects either within or
without redevelopment project areas of the Agency to the extent
that it determines that such proj ects are of benefit to the
project areas of the Agency; and
WHEREAS, the Agency may undertake to provide loan guarantees
as part of its redevelopment acti vi ties (the "Loan Guarantee")
including but not limited to a loan guarantee to Center Chevrolet
to retain its retail automobile sales for the City of San
Bernardino as well as the jobs and sales tax that such business
,
generates, which business is located without the boundaries of the
Southeast Industrial Park Redevelopment Project Area of the Agency
DAB/ses/Rental-4.res
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September 30, 1992
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if the Agency determines: ( 1) that such Loan Guarantee is of
benefit to the Southeast Industrial Park Redevelopment Project
Area of the Agency or the immediate neighborhoods in which the
project is and (2) that no other reasonable means of financing
such Loan Guarantee is available to the community; and
WHEREAS, it is in the interests of the City and the Agency
that the Agency causes the undertaking of the Loan Guarantee in
order to reduce blighting conditions from areas surrounding the
Southeast Industrial Park Project Area; and
WHEREAS, the undertaking of the Loan Guarantee will promote
the development of the Southeast Industrial Park Redevelopment
project Area within the City to the extent that it will make such
project area more desirable for industrial, commercial or
residential development which in turn will assist in the
elimination of blight within such area; and
WHEREAS, in order to promote the City's health, safety and
welfare and ensure the orderly development of the Southeast
Industrial Park proj ect Area, it is important that the Loan
Guarantee be provided by the Agency; and
WHEREAS, it is appropriate at this time for the Mayor and
Common Council of the City (the "Council") to make certain
findings and determinations and take certain action with respect
to the providing of the Loan Guarantee,
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COMMON
COUNCIL OF THE CITY OF SAN BERNARDINO AS FOLLOWS:
SECTION 1. The Recitals hereinabove are true and correct
and are incorporated herein by this reference.
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September 30. 1992
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SECTION 2. The Council consents to the providing by the
Agency of the above described Loan Guarantee in order to implement
the Southeast Industrial Park Redevelopment Plan of the Agency for
the reasons set forth in the Recitals hereinabove. The Council
further finds and determines that no other reasonable means of
financing the Loan Guarantee is presently available to the City or
the Agency and that the City and the Agency require the use of
revenues generated from the Southeast Industrial Park
Redevelopment Project Area of the Agency in order to provide the
Loan Guarantee.
SECTION 3. The undertaking of the Loan Guarantee will allow
the Agency to promote redevelopment within the Southeast
Industrial Park Project Area of the Agency by eliminating
blighting conditions surrounding the Southeast Industrial Park
Project Area by encouraging the retention of business in the
project Area and the surrounding neighborhoods, and the jobs and
taxes thereby generated which in turn will help stimulate
development of such project area and the immediate neighborhood.
SECTION 4. The City Clerk is hereby authorized and directed
to cause this Resolution to be transmitted to the Agency for
appropriate action by that body.
SECTION 5. This Resolution shall take effect upon the date
of its adoption.
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RESOLUTION...MAKING FINDINGS AND DETERMINATIONS AS TO THE
BENEFIT OF PROVIDING A CERTAIN LOAN GUARANTEE FOR THE SOUTHEAST
INDUSTRIAL PARK PROJECT AREA OF THE AGENCY.
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 21st
day of December
, 1992, by the following vote, to wit:
Council Members:
ESTRADA
REILLY
HERNANDEZ
MAUDSLEY
MINOR
POPE-LUDLAM
MILLER
The foregoing resolution
o~e__<.:._"'-=~e.SL- , 1992.
Approved as to
form and legal content:
JAMES F. PENMAN,
City Attorney
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DAB/ses/Rental-4.res
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September 30. 1992