HomeMy WebLinkAbout1984-499
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RESOLUTION NO. 84 -4 g g
J.ESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN
BERNAllDINO, CALIFORNIA, SETl'ING A PUBLIC IIEAIl1NG IN CONNECTION
WITH THE ISSUANCE OF CERTAIN INDUSTlllAL DEVELOPMENT llEVENUE
BONDS. (LOCUS PARTNERS, LDUTED)
WHEREAS, there has been filed with the City of San Bernardino,
California, (the "City"), an Application pursuant to the provisions of
Ordinance No. 3815, as amended, of said City (the "Ordinance"), by Locus
Partners, Limited, a California limited partnership (the "Company"),
requesting the issuance of Industrial Development Revenue Bonds which shall be
issued in the principal amount not to exceed four million dollars ($4,OOO,OOO)
designated "City of San Bernardino, Industrial Development Revenue Bonds
(Locus Partners, Limited)), (the "Bonds"), for the purpose of financing the
acquisition of land and the construction of necessary improvements therein,
including and without limitation to, a building to provide approximately
125,000 square feet of industrial space for lease to manufacturing and/or
distribution firms that are expanding or relocating to the City of San
Bernardino (the "Project"), as more particularly described in said Application
as approved by Resolution No. 83-330 dated October 10, 1983; and
WHEREAS, the City shall in furtherance of the goals and intent of
the City's Industrial Revenue Bond Financing Program, issue its Bonds and lend
the proceeds of the Bonds to the Company and originate a mortgage loan or
loans to the Company for the Project and the purposes as set forth in the
Application; and
WHEREAS, certain provisions contained in Section 103(k) of the
Internal Revenue Code of 1954, as amended (the "Code"), as said Section was
enacted by Congress under the Tax Equity and Fiscal Responsibility Act of 1982
("T.E.F.R.A."), require that a public hearing be held in connection with the
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authorization and issuance of the Bonds for the Project and that an elected
representative be appointed to approve the issuance of the Bonds; and
WHF.RV.A~, the Mayor and Common Council have been requested to hold a
public hearing pursuant to Code Section 103(k) for the issuance and sale of
the Bonds to provide funds for the financing of the Project to be located
within the City of San Bernardino, County of San Bernardino, as hereinafter
set forth; and
WHEREAS, the City staff have caused to be published a Notice
scheduling said Public Hearing in the form as attached hereto as Exhibit "A"
and incorporated herein by this reference; and
WHEREAS" it is in the public interest and benefit and in furtherance
of the public purposes of the City that such public hearing be authorized and
a date be set for the holding thereof.
NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF TIlE CITY OF SAN
BERNARDINO DO HEREBY FIND, RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
Section 1. The recitals set forth hereinabove are true and correct
in all respects.
Section 2. The Project which shall be the subject of a public
hearing is located on a presently vacant 7.26 acre parcel located within the
State College Industrial Park, north of Hallmark Parkway, in the State College
Redevelopment Project Area, City of San Bernardino, County of San Bernardino,
and said project shall be acquired, designed, constructed and financed by the
Bonds and shall consist of approximately 125,000 square feet of industrial
space for lease to manufacturing and/or distribution firms that are expanding
or relocating to the City of San Bernardino, California, in addition to
equipment therefor and off-street parking for motor vehicles and all off-site
and on-site improvements necessary therefor and appurtenances and appurtenant
work. The Project shall be undertaken by the Company. The total cost of said
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Project is presently estimated st sn amount not to exceed four million dollars
($4,000,000) for the Project, and the City intends to i.sue its Bonds pursuant
to the Act in the amount presently estimated not to exceed four million
dollars ($4,000,000).
Section 3. The issuance of the Bonds may be authorized by
appropriate resolution or resolutions of the City after the conclusion of the
public hearing thereon at a meeting or meetings to be held for such purpose,
subject to the execution of appropriate agreements by the Company and the City.
Section 4. Pursuant to the requirements of Code Section 103(k), the
Mayor and Common Council hereby authorize the public hearing in connection
with the Project described in Section 2 to be held in accordance with said
Code Section 103(k) on December 10, 1984, at the hour of 11:00 a.m., in the
Council Chamber, City Hall, 300 North "D" Street, San Bernardino, Californis,
for the purpose of considering the public benefits and public purposes to be
furthered by financing contemplated by the action of the City pursuant to this
Resolution for the issuance of industrial development revenue bonds by the
City pursuant to the Ordinance. The public hearing shall be held at the hour
and on the date herein provided for said Project. The City hereby ratifies
and approves the publication of the Notice setting said Public Hearing as
attached hereto as Exhibit "A".
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Section S. This Resolution shall take effect upon adoption.
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by
the Mayor and Common Council of the City of San Bernardino at
an- adjourne? meeting thereof, held on the 27th clay of November
r t:'yu af
1984, by the following vote, to wit:
AYES :
Council Members Castaneda, Rei 11 y, Hernandez,
Marks
NAYS:
None
ABSENT :
Council Members Quiel, Frazier
Abstain:
Council Member Strickler
..4~/~
./
City Clerk
The foregoing resolution is hereby approved this
of November , 1984.
day
Approved as to form:
~~r~~
4l8L
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STAn OF CALIFORNIA )
COUNTY OF SAN BEIUlARDINO )
CITY OF SAN BEIUlARDINO )
I, SHAUNA ClARK, City Clerk in and for the City of San Beranrdino,
DO HEREBY CIllTIFY that the foregoing and attached copy of San Bernardino
City Resolution No. 84-499 1& a full, true and correct copy of that now
on file in this office.
IN WITNESS
official seal of
of
THEREOF, I have hereunto set
the City of San Bernardino
, 1984.
my hand and affixed the
this day
City Clerk
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EXHIBIT -A-
BOTIeE OF Il1!/oRTIIG BY THE CITY OF SAN BEJUWU)INO, CALIFORNIA
FOR A CERTAIN INDUSTRIAL DEVELOPMENT REVENUE BOND FlJIANClNG
AND THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE IOIfDS.
(LOCUS PARTNERS LIMITED).
NOTICE IS HEREBY GIVEN that a public hearing shall be held by the
Mayor and Common Council of the City of San Bernardino, California on December
10,1984, at the hour of 11:00 a.m., in the Council Chamber, City Hall, 300
North -D" Street, San Bernardino, California, 92418 for the purposes as
hereinafter set forth.
The purpose of said public hearing is to consider the proposal by
Locus Partners Limited, a California limited partnership (the "Company"), for
12 industrial development revenue bond financing for a project which shall
13 include the acquisition, design and construction of a building to provide
14 approximately 125,000 square feet of industrial space for lease to
manufacturing and/or distribution firms that are expanding or relocating to
the City of San Bernardino within the City and County of San Bernardino,
California (the -Project"), to be financed by the City of San Bernardino
pursuant to Ordinance No. 3815, as amended, and there shall be considered at
such public hearing the public benefi tB and public purposes to accrue as the
result of such financing, and that the acquisition or improvement of the
21 Project is in the public interest of the City. The Project is located in the
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State College Redevelopment Project Area on an approximately 7.26 acre parcel
in the vicinity of Hallll8rk Parkway on the north and Lexington on the west.
Said public hearing shall be held pursuant to Section 103(k) of the Internal
Revenue Code of 1954, ,as amended, in the manner and for the purposes required
thereunder.
All persons interested in the subject matter and the public purpose
and public benefit and the issuance of the industrial development revenue bondS
1 in an estimated principal amount not to ezceed four million dollars
2 ($4,000,000) for the acquisition, designing and construction of said Project
~ to be undertaken by the Company, may attend such hearing and/or file their
4 written objections or comments thereto, or may otherwise communicate in favor
5 of the Project to be undertaken by the Company, and financed by the City
6 pursuant to the Ordinance No. 3815, as amended whether in one or more series
7 of such financings.
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NOTICE GIVEN as of this
day of
, 1984.
/s/
City Clerk of the City of
San Bernardino
14 To be published in The Sun on
November 23, 1984 and
15 November 26, 1984.
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