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ORDINANCE NO. ~-.,;.o
ORDINANCE OF THE CITY OF SAN BERNARDINO
AMENDING ORDINANCE NO. 3815 RELATING TO
THE FINANCING OF PROJECTS FOR THE EN-
COURAGING OF INCREASED EMPLOYMENT WITHIN
THE CITY BY ADDING THERETO SUBSECTION
(d) TO SECTION 11 RELATING TO APPROVAL
OF APPLICATIONS
THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN
BERNARDINO DO HEREBY ORDAIN AS FOLLOWS:
Section 1. Amendment. Subsection (d) shall be
added to Section 11 of Ordinance No. 3815, to read as follows:
"(d) The Mayor and Common Council
may, if deemed necessary in certain
instances, approve any particular
application, regardless of the form
thereof, and may direct that Sub-
section (d) of Section 10 and Sub-
section (a) of this Section 11 shall
not apply."
Section 2. Effective Date. This Ordinance is an
urgency measure and shall take effect upon adoption. The
facts constituting such urgency are: The present international
situation and the energy crisis, which, among other things,
are causing the current rate of inflation and the economic
downturn, have prompted efforts to control the inflation and
such efforts have raised interest rates to an extent not
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previously anticipated. Unemployment is rising. The City
cannot control these external forces, but it has enacted
Ordinance No. 3815 relating to the financing of projects Eor
the encouraging of increased employment within the City.
Interest rates have been fluctuating to an unprecedented
extent. As they improve, it is necessary to move very quickly
or it may not be possible to accomplish a particular finan-
cing. This has happened this year with some of the industrial
bond financings which had been approved by this Mayor and
Common Council. There are current financings which are ready
to proceed. These should be approved without the waiting
period which has been used in the past and which has not
proved useful. The close relationship between employment and
the public peace, health and safety requires the City to use
every power it has to increase employment. This makes the
City financing pursuant to Ordinance No. 3815 even more
critical. The amendment to Ordinance No. 3815 made by this
Ordinance should expedite the financing of the projects which
will help to alleviate the unemployment problem in the City.
I HEREBY CERTIFY that the foregoing Ordinance was
duly adopted by the Mayor and Common Council of the City of
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San Bern<1l'dino'
60,009-22.T2. .
San Bernardino at a regular meeting thereof, held on the
5th
January
day of
,vote, to wit:
, 1981, by the following
7~LPtV ~~
City Clerk
The foregoing Ordinance is hereby approved this
5th
day of
January
Approved as to form:
~~~g
City A torney
, 1981.
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