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HomeMy WebLinkAbout1984-287 2,099-1/880 12/19/83 RESOLUTION NO. 84-287 RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO SEmNG A PUBLIC HEARING IN CONNECTION WITH THE ISSUANCE OF CERTAIN INDUSTRIAL DEVELOPMENT REVENUE BONDS (GATE CITY BEVERAGE DISTRmUTORS, INC. PROJECT) WHEREAS, there has been filed with the City of San Bernardino (the "City") an Application pursuant to the provisions of Ordinance No. 3815, as amended, of said City (the "Ordinance"), by Gate City Beverage Distributors, Inc., a California corporation (the "Company"), requesting the issuance of Industrial Development Revenue Bonds which shall be issued in the principal amount of $2,800,000 designated "City of San Bemardino, Industrial Development Revenue Bonds (Gate City Beverage Distributors, Inc., Project) (the "Bonds"), for the purpose of financing the acqUisition and rehabilitation of an approximately 26,000 square foot warehouse and the further additional construction of 38,000 square feet of warehouse facilities and 15,000 square feet of office space, and as more particularly described in said Application as approved by Resolution No. 83-451 dated December 19, 1983; and WHEREAS, the City shall in furtherance of the goals and intent of the City's Industrial Revenue Bond Financing Program, issue its Bonds and lend the proceeds of the Bonds to the Company, and originate a mortgage loan or loans to the Company for the project and the purposes as set forth in the Application; and WHEREAS, certain provisions contained in Section 103(k). of the Intemal Revenue Code of 1954, as amended (the "Code"), as said Section was enacted by Co~ess under the Tax Equity and Fiscal Responsibility Act of 1982 ("T.E.F.R.A."), require that a pUblic hearing be held in connection with the authorization and issuance of the Bonds for a project and that an elected representative be appointed to approve the issuance of the Bonds; and WHEREAS, the Mayor and Common Councn have been requested to hold a public hearing pursuant to Code Section 103(k) for the issuance and sale of -1 - '. the Bonds to provide funds for the financing of the hereinafter described project to be located within the City of San Bernardino, County of San Bernardino, as herein- after set forth; and WHEREAS, It is In the public Interest, for the public benefit and furtherance of the public purposes of the City that such public hearing be authorized and a date be set for the holding of same. NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO DO HEREBY FIND, RESOLVE, DETERMINE AND ORDER AS FOLLOWS: Section 1. The recitals set forth hereinabove are true and correct In all respects. Section 2. The project and the project site that shall be the subject of a public hearing is located at 2505 Steel Road, City of San Bernardino, County of San Bernardino, and said project to be acquired, rehabilitated, constructed and financed by the Bonds shall constitute an existing 26,000 square foot warehouse with additional construction of a 38,000 square foot warehouse and 15,000 square foot office area. The project shall be undertaken by the Company. The total cost of said project is presently estimated to be approximately $2,800,000 for the project, and the City intends to issue its Bonds pursuant to the Act In the amount presently estimated to be equal to $2,800,000. Section 3. The issuance of the Bonds may be authorized by appropriate resolution or resolutions of the City after the conclusion of the public hearing thereon at a meeting or meetings to be held for such purpose, subject to the execution of appropriate agreements by the Company and the City. Section 4. Pursuant to the requirements of Code Section 103(k), the Mayor and Common Councll hereby authorize the public hearing in connection with the project described In Section 2 to be held In accordance with said Code Section 103(k) at the first meeting of the Mayor and Common Councll to be held in September 1984, at the hour of 11:00 A.M., in the Councll Chamber, City Hall, 300 -2- , North "D" Street, San Bernardino, for the purpose of considering the public benefits and public purposes to be furthered by the financing contemplated by the action of the City pursuant to this Resolution for the issuance of industrial development revenue bonds by the City pursuant to the Ordinance. The public hearing shall be held at the hour and on the date herein provided for said project. The City hereby authorizes and directs the City Clerk to publish by at least one (1) insertion in The Sun for at least fourteen (14) days prior to said hearing date a notice of public hearing substantially in the form of the notice attached hereto as Exhibit "A" and incorporated herein by reference and made a part hereof for the project described in Section 2. Section 5. . The public hearing shall also consider, and if deemed advisable, the appointment of an elected representative to approve the issuance of industrial development revenue bonds for the project. 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 6th day of 6th . 1984, by the following vote, to wit: Castaneda, Hernandez, t1arks, AYES: Council Members Quiel, Frazier, Strickler NAYS: None ABSENT: None ABSTAIN: Council t~ember Reilly ~/. CitfClerk . The foregoing.. resolution is hereby approved August . 1984. ~~m:, L/ 0 /r/~ ty Att ey -3- '. , I 2,099-l(a)/850 7/27/84 (ds) EXHIBIT "A" NOTICE OF HEARING BY THE CITY OF SAN BERNARDINO FOR A CERTAIN INDUSTRIAL DEVELOP- MENT REVENUE BOND FINANCING AND THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE BONDS (GATE CITY BEVERAGE DISTRffiUTORS, INC. PROJECT) NOTICE IS HEREBY GIVEN that a public hearing shall be held on September _, 1984, at the hour of 11:00 A.M., in the Council Chamber, City Hall, for the purposes as hereinafter set forth. The purpose of said public hearing is to consider the proposal by Gate City Beverage Distributors, Inc., a California corporation (the "Company"), for industrial development revenue bond financing for a project which shall be the acquisition and rehabilitation of a 26,000 square foot warehouse and the additional construction of 38,000 square feet of warehouse facilities and 15,000 square feet of office space within the City and County of San Bernardino, California (the "Project"), to be financed by the City of San Bernardino pursuant to the Ordinance, and there shall be considered at such public hearing the public benefits and public purposes to accrue as the result of such financing, and that the acquisition, rehabilitation or improvement of the Project is in the public interest of the City. Said joint public hearing is being held pursuant to Section 103(k) of the Internal Revenue Code of 1954, as amended, in the manner and for the purposes required thereunder. All persons interested in the subject matter and the public purpose and public benefit and the issuance of the industrial development revenue Bond in an estimated principal amount not to exceed two million eight hundred thousand dollars ($2,800,000) for the acquisition, rehabilitation and construction of said Project to be undertaken by the Company, may attend such hearing and/or file their written objections or comments thereto, or may otherwise communicate in favor of the Project to be undertaken by the Company, and financed by the City pursuant to the Ordinance whether in one or more series of such financings. -1- . NOTICE GIVEN as of this To be published in The Sun on _1_/84 -2- day of Isl City Clerk of the City of San Bernardino ,1984.