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HomeMy WebLinkAbout1979-047 l' I , i i , I 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 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 - . 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 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-,,, l !:::L;:! CITY CLERr<S OFFiCE ~'''''_lt-''-'.<llI'''.''''''lI''''''''''''''''''h.OEPur.,.