HomeMy WebLinkAbout1986-525
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San Bernardino
60,009-59-1
RESOLUTION 110. '6-~5
RESOWTION OF THJ: MAYOR AJlD CClfOCON COOXCIL
OF THE CITY OF SAN IlRNARDIIfO, CALI POJUfIA,
AUTHORIZING THE PUBLICATION or A NOTICE or
PUBLIC HEARING IlEGARDIIfO THE PROPOSED
ISSUANCE OF ITS "CITY OF SAM BERNARDINO,
CALIFORNIA, SCH HEALTH CARE SYSTEM 1tEVEJfUE
BONOS (SISTERS OP CHARITY OP THE INCARNATJ:
WORD, HOUSTON, TEXAS), SERIES 19871.," FOR
THE PURPOSE OF REl"UNDING CERTAIN OUTSTANDING
BONDS, SERIES 19831.
(SISTERS OF CHARITY OF THE INCARNATE WORD,
HOUSTON, TEXAS, SOLE CORPORATE MEMBER OF
ST. BERNARDINE HOSPITAL OF SAN BERNARDINO)
WHEREAS, the City of San Bernardino (the "City")
is a "home rule cit.y" duly orqanized and exiating under and
pur.uant to a Charter adopted under t.he provisions of the
Constitution ot the State of California; and
WHEREAS, purauant t.o its hOlle rule power., the
City duly and regularly enacted Ordinance No. 3815, as
amended, (the "OrdinanCe") to tinance various type. of
projects, as defined in the Ordinance, and to i..ue it.
special revenue bonds tor the purpose of paying the cost ot
financinq auch projects; and
WHEREAS, there was tiled with the City an Applica-
tion (the "Application") pursuant to the provisions of the
Ordinance by Sisters of Charity of the Incarnate Word,
Houston, Texas, Sole Corporate Member of st. Bernardine
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Obligations of aaid Slaters of Charity Ho.pital wa. accom-
plisbed in a different manner and the final financinq
furni.bed tunds for additiona to and i~rovements of its
hospital facilities, and
WHEREAS, for the above purpose, the city i.sued
its $29,900,000 City of San Bernardino, california, SCH
Health Care sy.tam aevenue Bonds (Siater. of Charity of the
Incarnate Word, Houst.on, Texas) Series 1983A (the "Bonds,
series 1983A") and the same are pre.ently out.tandinq, and
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WHEREAS, the Sisters of Charity Hospital has
requested that the City participate in a refundinq ot the
outstandinq Bond., Series 1983A, throuqh the issuance ot its
City of San Bernardino, California, BCH Health System
Revenue Bonds (Sister. ot Charity of the Incarnate Word,
Houston, Texas) Series 1987A (the "Bonds, Series 1987A")/
and
WHEREAS, Ordinance No. 3815, as amended, provide.
for such a retundinq; and
WHEREAS, the Internal Revenue Code of 1986 (the
"Code") require. that the issuance ot the Bonds, Series
1987A be approved by an elected representative of the city
after a public hearinq; and
WHEREAS, the city Clerk must cause notice of such
Hearinq to be published once (qivinq at least fourteen days'
notice) .
NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF
THE CITY OF SAN BERNARDINO DO HEREBY FIND, RESOLVE, DETER-
MINE AND ORDER AS FOLLOWS:
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Section 1. The recitals set forth hereinabove are
true and correct ln all respects.
Section 2. Pursuant to the Code, the Notice of
Public Hearlnq, attached hereto and hereby made a part
hereof, is authorized and directed to be published once
(qivinq at least fourteen days' notice) in the The Sun.
Section 3. This Resolution shall take effect
immediately upon adoption.
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San Bernardino
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I HEREBY CERTIFY that the foregoing re.olution w..
duly adopted by the Mayor and C~on Council
aC!j5;JUrned
San Bernardino at anregular .eetinq thereof,
of the City of
held on the
22nd day of
to wit:
December
, 1986, by the followinq vote,
AYES:
Councilmen Estrada, Reilly, Hernandez,
Marks, Frazier
NOES:
ABSENT:
None
None
ABSTAIN:
Council Members Quiel, Strickler
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/ C ty C er
The foregoinq resolution is hereby approved
pur.uant to the Internal Revenue Code of 1986 as of this
.zf/'tL day of
December
, 1986.
no
Approved a. to
~.~ C1ty AttLey
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