HomeMy WebLinkAbout1983-398
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San Bern. (Coors)
60,009-48-2
RESOLUTION NO. 83-398
RESOLUTION OF THE MAYOR AND COMMON
COUNCIL OF THE CITY OF SAN BERNAR-
DINO, APPROVING THE ISSUANCE BY THE
CITY OF ITS "CITY OF SAN BERNARDINO
INDUSTRIAL DEVELOPMENT REVENUE
BONDS, SERIES 1983A "(COORS OF
SAN BERNARDINO PROJECT)" AND
MAKING CERTAIN DETERMINATIONS
RELATING THERETO (TEFRA)
(COORS OF SAN BERNARDINO PROJECT)
WHEREAS, pursuant to Ordinance No. 3815 (the
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"Law") the City intends to finance a warehouse located
at 223 South "G" Street, San Bernardino, California,
for the continued operation of the distribution of malt
beverages (the "Project"); and
WHEREAS, the City has taken proceedings
leading toward the issuance and sale of its "City of
San Bernardino Industrial Development Revenue Bonds,
Series 1983A (Coors of San Bernardino Project)", to
obtain moneys to finance the Project, all under and in
accordance with said Ordinance No. 3815, the Constitution
and laws of the State of California; and
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60,009-48-2
. WHEREAS, pursuant to the Tax Equity and
Fiscal Responsibility Act of 1982, the issuance of the
Bonds must be approved by an elected representative of
the City after a public hearing; and
WHEREAS, the City Clerk has caused notice of
such public hearing to be published once a week for two
weeks (giving at least fourteen days' notice) in The
Sun and has reported to the Mayor and Common Council
that such notice has been duly and regularly given; and
WHEREAS, the subject matter of the Hearing
was the proposed financing by the City of the Project
in an amount of not to exceed $840,000; and
WHEREAS, at the time and place stated in said
Notice, the financing of the Project was presented, and
any and all persons who so desired appeared and were
heard, and the Mayor and Common Council are fully
informed in the premises.
NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL
OF THE CITY OF SAN BERNARDINO, CALIFORNIA, DO HEREBY
RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
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San Be~n. (Coors)
60,009-48-2
Section 1.
The above recitals are true and
Correct in all respects; and all actions heretofore
taken by or at the direction of the City and its
officers directed toward the sale and issuance of the
Bonds therefor are hereby approved and ratified.
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Section 2. The issuance by the City of its
"City of San Bernardino Industrial Development Revenue
Bonds, Series 1983A (Coors of San Bernardino Project)"
in an amount not to exceed $840,000 is hereby approved
and the Mayor is hereby authorized and directed to
execute this Resolution pursuant to said Tax Equity and
Fiscal Responsibility Act of 1982.
Section 3. Effective Date. This Resolution
shall take effect upon adoption.
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San Bern. '(Coors)
60,009-48-2
I HEREBY CERTIFY that the foregoing resolu-
tion was duly adopted by the Mayor and Common Council
of the City of San Bernardino at a regular meeting
thereof, held on the 21st day of November ,1983,
by the following vote, to wit:
AYES:
Counci 1 Members Castaneda, Reill v,
Marks, Quiel, Frazier, Strickler
NAYS:
Council Hel'lber Hernandez
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ABSENT:
None
ABSTAIN:
None
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City Clerk
The foregoing resolution is hereby appro
thi s ~ day of November ,1983 .
A4~'~
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C.ty Attorney
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60,009-48-2
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Executed pursuant to the Tax Equity
and Fiscal Responsibility Act of 1982
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