HomeMy WebLinkAbout1981-410
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San Bernardino
60.009-17-1
RESOLUTION NO.
81-410
RESOLUTION OF 'l'BE MAYOR AND COMMON COUN-
CIL OF 'l'BE CITY OF SAN BERNARDINO REGARD-
ING CERTAIN FUNDS OBTAINED PURSUANT ~
ORDINANCE NO. 3815
WHEREAS, as a result of certain financings under
Ordinance No. 3815 there may be excess moneys which could be
used as reserves or to otherwise aid in the purposes for
which Ordinance No. 3815 was adopted.
NOW, 'l'BEREFORE. IT IS HEREBY RESOLVED, DETERMINED
AND ORDERED BY 'l'BE MAYOR AND COMMON COUNCIL OF 'l'BE CITY OF
SAN BERNARDINO AS FOLLOWS:
Section 1. The fund established by Resolution
No. 81-108 in the City Treasury and named the MIndustrial
Revenue ~nd Reserve Fund" is hereby continued and renam~d
the MIndustrial Revenue Bond Reserve and Development Fund"
and shall be held in trust 80lely for the purposes thereof.
Section 2. Deposi ts into said Industrial Revenue
Bond Reserve and Development Fund shall be made from each
financing taken pursuant to Ordinance No. 3815 for which
official action i8 taken for the fir8t time 8ubsequent to
March 9, 1981. and 8hall be in the amount of 1X of .ach
issue of Bonds issued pursuant to 8aid Ordinance No. 3815.
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San. Bernardino
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.ection 3. ~e Industrial Revenue Bond Reserve
and Development Fund shall be used in such a.n~er as the
llayor and Common Council aay direct f'rom time to tiIIe.
Section 4. Sections 1, 2 and 3 of' Resolution
110. 81-108 are hereby uended in their entirety as stated in
this Resolution.
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San 'Bernardino
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_ I HEREBY CERTIFl/' that the foregoing Resolution was
duly adopted by the Mayor and Common Council of the City of
San Bernardino at an
adjourned reqular
aeeting
thereof, held on the
24th
day of September
,
1981, by the following vote, to wit:
AYES:
Councilmen Castaneda, Reilly, Botts,
Hudson, Strickler
IlAY~ :
Council Member Hernandez
ABSENT :
Council Member Hobbs
dJ?//7lLl &A6
/ C1 ty Clerk
Tbe
~gd
foregoing Resolution is hereby approved this
d~y of _~~ , 1981.
Y of san~rnardino
Approved as to form:
c!:.e~....~
C1 ty At orney
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