HomeMy WebLinkAbout1979-047
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RESOLUTION NO. 79--Y7
RESOLUTION OF THE CITY OF SAN BERNARDINO, CALIFORNIA,
APPROVING AN AMENDMENT TO AN AGREEMENT WITH ADR CORPORATION.
WHEREAS, tfLe Redevelopment Agency of the City of San Bernar-
dino (the "Agency"), by Resolution No. 3647, dated June 15,1978,
approved the sale of land, and the redevelopment thereof, to
ADR Corporation which was also approved by Resolution No. 13339
of the City; and
WHEREAS, said Agreement was amended on November 8, 1978
as approved by Agency Resolution No. 3772 and approved by the
Mayor and Common Council by Resolution No. 13514, and as further
amended by the Mayor and Common Council by Resolution No. 13532
adopted on November 20, 1978; and
WHEREAS, the Agency and ADR Corporation desire to further
amend said Agreement by the adoption of an Operating Memorandum
in connection with the issuance by the Agency of its Revenue Bonds
for the Financing of Residential Construction pursuant to Chapter
8 of the Community Redevelopment Law.
NOW, THEREFORE, BE IT RESOVED, DETERMINED AND ORDERED BY THE
CITY OF SAN BERNARDINO, AS FOLLOWS:
SECTION 1. Amendments to Agreement. The Mayor and Common
Council hereby approve the Operating Memorandum No. 1 as set
forth in the Resolution of the Agency approving same.
I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the Mayor and Common council of the City of San Ber-
nardino
a'Y;;;:;:
meeting thereof, held on the ~?-(
, 1979, by the following vote, to wit:
day 0 f
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cO"I:;:~iL~1~~'
/1~
72hU./
AYES:
NAYS:
ABSENT:
~{Hd/~
~ Act~ng C~ty Clerk
The foregoing resolution is hereby approved this J?~ day
of d~ ' 1979.
as to form:
FILED
F-tB 8.n-,,,
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CITY CLERr<S OFFiCE
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