HomeMy WebLinkAbout1983-425
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San Bern. '(CoIll1'1erce Pl'aza)
60,009-18-2
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RESOLUTION NO. 83-425
2 RESOLUTION OF THE MAYOR AND COMMON
3 COUNCIL OF THE CITY OF SAN BERNARDINO,
4 APPROVING THE ISSUANCE BY THE CITY OF
5 ITS "CITY OF SAN BERNARDINO INDUS-
6 TRIAL DEVELOPMENT REVENUE BONDS, SERIES
7 1983A (TRI-CITIES INVESTMENT COMPANY
8 COMMERCE PLAZA PROJECT)" AND MAKING
9 CERTAIN DETERMINATIONS RELATING THERE-
10 TO (TEFRA)
11 (TRI-CITIES INVESTMENT COMPANY
12 COMMERCE PLAZA PROJECT)
13 WHEREAS, pursuant to Ordinance No. 3815 (the
14 "Law") the City intends to finance a multi-tenant office/
15 warehouse complex located at 155 Hospitality Lane and 165
16 Hospitality Lane in San Bernardino, California (the
17 "Project"); and
18 WHEREAS, the City has taken proceedings leading
19 toward the issuance and sale of its "City of San Bernardino
20 Industrial Development Revenue Bonds, Series 1983A (Tri-
21 Cities Investment Company Commerce Plaza Project)", to
22 obtain moneys to finance the Project, all under and in
23 accordance with said Ordinance No. 3815, and the Constitution
24 and laws of the State ,of California; and
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1 WHEREAS, pursuant to the Tax Equity and Fiscal
2 Responsibility Act of 1982, the issuance of the Bonds must
3 be approved by an elected representative of the City after
4 a public hearing; and
5 WHEREAS, the City Clerk has caused notice of such
6 public hearing to be published once a week for two weeks
7 (giving at least fourteen days' notice) in The Sun and has
8 reported to the Mayor and Common Council that such notice
9 has been duly and regularly given; and
10 WHEREAS, the subject matter of the Hearing was the
11. proposed financing by the City of the Project in an amount
12 of not to exceed $3,200,000; and
13 WHEREAS, at the time and place stated in said
14 Notice, the financing of the Project was presented, and any
15 and all persons who so desired appeared and were heard, and
16 the Mayor and Common Council are fully informed in the
17 premises.
18 NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF
19 THE CITY OF SAN BERNARDINO, CALIFORNIA, DO HEREBY RESOLVE,
20 DETERMINE AND ORDER AS FOLLOWS:
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San Bern. {Co~erce Plaza)
60,009-18-2
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Section 1. The above recitals are true and correct
2 in all respects; and all actions heretofore taken by or at
3 the direction of the City and its officers directed toward
4 the sale and issuance of the Bonds therefor are hereby
5 approved and ratified.
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Section 2. The issuance by the City of its "City
7 of San Bernardino Industrial Development Revenue Bonds,
8 Series 1983A (Tri-Cities Investment Company Commerce Plaza
9 Project)" in an amount not to exceed $3,200,000 is hereby
10 approved and the Mayor is hereby authorized and directed to
11 execute this Resolution pursuant to said Tax Equity and
12 Fiscal Responsibility Act of 1982.
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Section 3. Effective Date. This Resolution shall
14 take effect upon adoption.
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San Bern. {Commerce Plaza)
60,ob9-18-2
I HEREBY CERTIFY that the foregoing resolution was
duly adopted by the
San Bernardino at a
the 5th day of
vote, to wit:
Mayor and
regular
December
Common Council of the City of
meeting thereof, held on
. 1983, by the following
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AYES:
NOES:
ABSENT:
ABSTAIN:
Councilmen
Castaneda. Reillv. Hernandez,
Harks. 0uiel. Frazier. Strickler
None
None
None
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City Clerk
The foregoing resolution is hereby
-fZ1- day of December , 1983.
is
18 Approved as to form:
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San Bern. '(Complerce. Plaza)
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1 Executed pursuant to the Tax Equity
2 and Fiscal Responsibility Act of 1982
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San
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December
.,27
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, 1983
Internal Revenue Servi ce
Di stri ct Di rector
Regional Servi ce Center
5045 East Butler Avenue
Fresno. California 93730
Re: $3,200,000 City of San Bernardino,
Industrial Development Revenue Bonds,
Series 1983A (Tri-Cities Investment
Company Commerce Plaza Project)
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Gent 1 emen:
Enclosed please find City of San Bernardino
Resolution No. 83-425 , declaring its election to have
the $10,000,000 limitation of Section 103(b) (6) (d) of the
Internal Revenue Code of 1954, as amended, applied to the
issuance of the following Industrial Development Bond Issue:
(I) The name and address of the governmental
unit:
City of San Bernardino
City Hall
300 North "D" Street
San Bernardino, California 92418
(2) The name, address and employer identifica-
tion number of the principal user of such
proceeds:
Tri-Cities Investment Company
3591 Long Beach Boulevard
Long Beadh, California 90807
1/95-3325120
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Internal Revenue Service
~cember , 1983
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(3) The name, date and face amount of issue:
(a) City of San Bernardino
Industrial Development Revenue Bonds
Series 1983A (Tri-Cities Investment
Company Commerce Plaza Project)
(b) Date: As of December 19, 1983
(c) Face amount: $3,200,000
(4) There are no other outstanding issues
the proceeds of which have been or will
be used primarily with respect to the
above-referred to principal user or
related persons which are located in
thi s City.
(5) The date and amount of any Section 103{b){6){d)
capital expenditures paid or incurred within
the three years preceding the date of the
issue for which the election is made with
respect to facilities described in Internal
Revenue Regulation 1.103-10{b)(vi)(B)(4) as
set forth on the attached statement.
Please return a copy of this letter to us for
our transcript as evidence of filing.
Thank you for your kind attention.
Very truly yours,
CITY OF SAN BERNARDINO
By ~/&I1/b~
,shauna Clark, City Clerk
cc: Wa rren Beebe
Tri-City Investment
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