HomeMy WebLinkAbout1989-339
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RESOLUTION NUMBER 89-339
2 RESOLUTION OF THE CITY OF SAN BBRNARDINO AUTHORIZING AND
DIRECTING THE EXECUTION OF A SMALL BUSINESS LOAN AGREEMENT
3 BETWEEN THE CITY 01' SAN BERNARDINO AND "BURNEY" THE BURNER, INC.
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BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL 01' THE CITY
01' SAN BERNARDINO AS FOLLOWS:
Section 1.
(a) The Mayor of the City of San Bernardino is hereby
authorized to execute, on behalf of the City of San Bernardino, a
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loan agreement with "Burney" the Burner, Inc., which loan
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agreement is attached hereto as Exhibit "1" and is incorporated
10 herein by reference as though fully set forth at length.
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The
agreement provides for the loaning of funds from the small busi
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ness loan program in the amount of $50,000.00.
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(b) The authorizations to execute the above referenced
agreement is rescinded if the parties to the agreement fail to
15 execute same within sixty (60) days of the passage of this
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I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the Mayor and Common Council of the City of San
Regular
Bernardino at a
meeting thereof, held on the
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21st day of
August
, 1989, by the following vote to
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8-9-89 1
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RESOLUTION OF THE CITY OF SAN BERNARDINO AUTHORIZING THE
EXECUTION OF A SMALL BUSINESS LOAN AGREEMENT WITH
"BURNEY" THE BURNER, INC.
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AYES:
Councilpersons Reilly, Flores, Maudsley, Minor,
Pope-Ludlam, Miller
NAYES:
None
ABSENT:
Estrada
~$#/~$
/ CITY CLERK
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12 Approved as to form and
13 legal content:
The foregoing resolution is hereby approved this
24th
day
f August
, 1988.
For
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CITY ATTORNEY
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16 KJH/lab/0681
attachment
17 8-9-89
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8-9-89
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