HomeMy WebLinkAbout1991-311
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RESOLUTION NO. 91-311
RESOLUTION OF THE MAYOR AND COMMON COUNCIL
OF THE CITY OF SAN BERNARDINO, CALIFORNIA,
REGARDING THE HOLDING OF A PUBLIC HEARING IN
CONNECTION WITH THE ISSUANCE OF THE "CITY OF
SAN BERNARDINO, CALIFORNIA SCH HEALTH CARE
SYSTEM REVENUE BONDS (SISTERS OF CHARITY OF
THE INCARNATE WORD, HOUSTON, TEXAS),
SERIES 1991A"
WHEREAS, the City of San Bernardino, California (the
"city"), is a charter city duly organized and existing under and
pursuant to the provisions of the Constitution of the State of
California; and
WHEREAS, pursuant to its charter powers, the city duly
and regularly enacted Ordinance No. 3815, as amended (the
"Ordinance"), to finance various types of projects, as defined in
the Ordinance, and to issue its special revenue bonds for the
purposes of paying the costs of financing such projects; and
WHEREAS, there has previously been filed with the City
an Application (the "Application") pursuant to the provisions of
the Ordinance by sisters of Charity of the Incarnate Word,
Houston, Texas, Sole corporate Member of st. Bernardine Medical
Center (referred to herein as the "Company"), requesting the
issuance of revenue bonds (the "Bonds") for the purpose of
financing and refinancing the costs and expenses of additions to
and improvements of its hospital facilities as more particularly
described in said Application; and
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,
WHEREAS, the Mayor and Common Council have previously
on June 17, 1991, adopted a resolution providing for the
publication of a Notice of Public Hearing regarding the proposed
issuance, sale and delivery of the Bonds which Bonds shall be
entitled "city of San Bernardino, California SCH Health Care
system Revenue Bonds (Sisters of Charity of the Incarnate Word,
Houston, Texas) Series 1991Ai and
WHEREAS, the Mayor and Common Council have 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 Bonds.
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. The Mayor and Common Council have held
its public hearing in accordance with provisions of
section 147(f) of the Code, and have considered all testimony and
comments submitted in connection with the proposed issuance and
delivery of the Bonds.
section 2. The Mayor and Common council, after
consideration of comments received at the public hearing, hereby
approve the issuance of the Bonds.
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section 3. It is the purpose and intent of the
Mayor and Common Council 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
BERNARDINO, CALIFORNIA, REGARDING THE HOLDING OF A PUBLIC HEARING
IN CONNECTION WITH THE ISSUANCE OF THE "CITY OF SAN BERNARDINO,
CALIFORNIA SCH HEALTH CARE SYSTEM REVENUE BONDS (SISTERS OF
CHARITY OF THE INCARNATE WORD, HOUSTON, TEXAS), SERIES 1991A"
Section 4.
This Resolution shall take effect upon
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 an adjourned regular
meeting
thereof, held on the
10th
day of
July
1991, by the following vote, to wit:
AYES:
Council Members Estrada. Reillv. Hernandez.
Maudsley, Minor, Miller
NAYS:
None
ABSENT:
Pope-Ludlam
Q~ .~
~ ,.'
~.L. J:5..-~''''" v'.... '1'--
"City Clerk - "
10th
day of
JulV
, 1991.
s
The foregoing resolution is hereby
//
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Approved as to form and legal content:
JAMES F. PENMAN
City Attor:~=J//2
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SBEO/0l09/DOC/479
fJ//CJl/91
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