HomeMy WebLinkAboutCDC/1999-21
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RESOLUTION NO.
CDC 1999-21
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RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF SAN BERNARDINO APPROVING THAT
CERTAIN REIMBURSEMENT AGREEMENT IN CONNECTION WITH
THE SALE AND DELIVERY OF 1999 CERTIFICATES OF
PARTICIPATION (POLICE STATION AND SOUTH VALLE
PROJECTS)
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WHEREAS, the Redevelopment Agency of the City of San
7 Bernardino (the "Agency") is a public body corporate and politic
8 duly created and existing pursuant to the laws of the State of
9 California; and
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WHEREAS, the City of San Bernardino (the "City")
has
12 requested that the San Bernardino Joint Powers Financing Authority
13 assist the City in the refunding of Refunding Certificates of
14 Participation (South Valle Public Improvements Project) dated April
15 1, 1987 (the "South Valle COP's") and the Certificates of
16 Participation (1995 Police Station Financing Project) dated April
17 1, 1995 (the "Police Station COP's" and collectively with the South
18 Valle COP's, the "Prior COP's"); and
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20 WHEREAS, the South Valle COP's were further secured by a
21 Reimbursement Agreement between the City and the Agency (the "Prior
22 Reimbursement Agreement") and in connection with the refunding of
23 the Prior COP's, the Agency will be required to execute a new
24 reimbursement agreement evidencing its obligation to pay the City
25 under the Prior Reimbursement Agreement (the "Reimbursement
26 Agreement"); and
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CDC ],999-21
1 WHEREAS, the Agency deems it advisable to approve the
2 Reimbursement Agreement and the transactions contemplated thereby
3 at this time in the best interests of the Agency.
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5 NOW, THEREFORE, THE COMMUNITY DEVELOPMENT COMMISSION
6 ACTING ON BEHALF OF THE REDEVELOPMENT AGENCY OF THE CITY OF SAN
7 BERNARDINO DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
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9 Section 1. Approval of Final Form of Reimbursement
10 Agreement. The Agency hereby approves the form of Reimbursement
11 Agreement presently on file with the Agency Secretary together
12 with any changes therein or additions thereto as may be approved by
13 Counsel to Agency or Special Counsel. The Agency hereby further
14 authorizes and directs that the form Reimbursement Agreement
15 presently on file with the Agency Secretary be converted into the
16 final form thereof, together with such changes or modifications as
17 deemed necessary or desirable by Counsel to the Agency or Special
18 Counsel. The Chairperson, Executive Director or such other
19 authorized officer of the Agency is hereby authorized and directed
20 to execute and deliver, and the Agency Secretary is hereby
21 authorized and directed to attest to, the final form of the
22 Reimbursement Agreement when the same has been prepared and such
23 execution and delivery shall be deemed to be conclusive evidence of
24 the approval thereof.
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26 Section 2. Official Action. The Chairperson,
27 Executive Director, Secretary, Counsel and any and all other
28 officers of the Agency are hereby authorized and directed, for and
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CDC ]999-21
1 in the name and on behalf of the Agency, to do any and all things
2 and take any and all actions, including execution and delivery of
3 any and all assignments, certificates, requisitions, agreements,
4 notices, consents, instruments of conveyance, warrants and other
5 documents, which they, or any of them, may deem necessary or
6 advisable in order to consummate the transaction contemplated
7 herein. Whenever in this Resolution any officer of the Agency is
8 authorized to execute or countersign any document or take any
9 action, such execution, countersigning or action may be taken on
10 behalf of such officer by any person designated by such officer to
11 act on his or her behalf in the case such officer shall be absent
12 or unavailable. The Agency hereby appoints its Chairperson and
13 Executive Director as agents of the Agency for purposes of
14 executing any and all documents and instruments which any officer
is authorized to execute hereunder.
15 of the Agency
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17 III
18 III
19 III
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CDC 1999-21
1 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF
SAN BERNARDINO APPROVING THAT CERTAIN REIMBURSEMENT AGREEMENT IN
2 CONNECTION WITH THE SALE AND DELIVERY OF 1999 CERTIFICATES OF
PARTICIPATION(POLICE STATION AND SOUTH VALLE PROJECTS)
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Section 3.
Effecti ve Date.
The findings and
5 determinations herein shall be final and conclusive.
This
6 Resolution shall take effect upon the date of its adoption.
7 I HEREBY CERTIFY that the foregoing Resolution was duly
8 adopted by the Community Development Commission of the City of
9 San Bernardino at a
ioint requ1ar
meeting thereof, held on
10 the 21st
day of
June, 1999, by the following vote, to wit:
11 Commission Members:
12 ESTRADA
LIEN
13 McGINNIS
SCHNETZ
14 DEVLIN
ANDERSON
15 MILLER
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18 21ft-- T~:y foregoing
of illUDE!
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23 By:
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SBEO\0180\DOC\OO6.WPD
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28 STATE OF CALIFORNIA
AYES
NAYS
ABSTAIN
ABSENT
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x
x
x
x
x
resolution is
, 1999.
approved this
n of the
evelopment Commission
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content:
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