HomeMy WebLinkAbout1984-559
RESOLUTION NO. 84-559
RESOLUTION OF THE MAYOR AND COMMON
COUNCIL OF THE CITY OF SAN BERNARDINO,
APPROVING THE ISSUANCE BY THE CITY OF
ITS "CITY OF SAN BERNARDINO, INDUSTRIAL
DEVELOPMENT REVENUE BONDS, SERIES 1984A
(ANDRESON BUILDING PROJECT)", APPLYING
AND MAKING CERTAIN DETERMINATIONS
RELATING THERETO (TEFRA)
WHEREAS, pursuant to Ordinance No. 3815 (the
"Law") the City of San Bernardino (the "City") intends to
finance the acquisition, construction and refurbishment of
an office building of approximately 58,000 square feet,
including, without limitation, equipment and other off-site
and on-site facilities and improvements, located at 320 East
"E" Street, in San Bernardino, California (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 1984A (Andreson
Building Project)" (the "Bonds"), to obtain moneys to lend
to the Developer of the Project to aid in the financing of
the Project, all under and in accordance with the Law and
the Constitution and laws of the State of California; and
"
San Bernardino
54333-000-2
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 (giving at least four-
teen days' notice) in The Sun and has reported to the Mayor
and Common Council that such notice has been duly and regu-
larly given; and
WHEREAS, the subject matter of the Hearing was the
propo~ed financing by the City of the Project in an amount
not to exceed $10,000,000; and
WHEREAS, the financing of the Project was
presented at the Hearing, and any and all persons who so
desired appeared and were heard, and the Mayor and Common
Council of the City of San Bernardino is fully informed in
the premises.
2
26-C2-JWB-355.l8
12-19-84 (br)
.
San Bernardino
54333-000-2
NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF
THE CITY OF SAN BERNARDINO DO HEREBY RESOLVE, DETERMINE AND
ORDER AS FOLLOWS:
Section 1. The above recitals are true and. cor-
rect 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.
Section 2. The issuance by the City of the Bonds
in an amount not to exceed $10,000,000 is hereby approved,
an4 the Mayor is hereby authorized and directed to execute
this Resolution pursuant to said Tax Equity and Fiscal
Responsibility Act of 1982.
3
26-C2-JWB-355.l8
12-19-84 (br)
Section 3. Effective date. 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 Bernar-
dino at an adjourned regular meeting held on the 20th day of
December, 1984, by the following vote, to wit:
AYES:
Council Members Reilly, Marks, Frazier, Strickler
NAYS:
None
Council Members Castaneda, Hernandez, Quiel
ABSENT:
~/7//~~N/
" City lerk
of
d&".kJ
, 1984.
day
The foregoing resolution is hereby approved this
Approved as to form:
~~~
City Attorney
Executed pursuant to the Tax Equity and Fiscal Responsibility
Act of 1982. on this d1?;fk day of ~
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