HomeMy WebLinkAbout1982-0771,083-1
2/11/82
RESOLUTION NO. 82-77
RESOLUTION OF THE MAYOR AND COMMON COUNCIL
OF THE CITY OF SAN BERNARDINO, CALIFORNIA,
AUTHORIZING THE PREPARATION OF A CERTAIN
PRELIMINARY OFFICIAL STATEMENT
(RIVERVIEW PROPERTIES)
WHEREAS, The Riverview Properties (the "Company"), has proposed to
issue industrial development revenue bonds (the "Bonds") pursuant to Ordinance No.
3815 of the City, as amended; and
WHEREAS, pursuant to the project to be undertaken by the Company,
the Company proposes to participate in and assist in the preparation and distribu-
tion of a certain preliminary official statement, the costs of which, including legal
and other consulting fees, shall be borne by the Company and not the City and the
Company shall be solely responsible therefor; and
WHEREAS, it is necessary for the Mayor and Common Council to direct
and authorize the preparation of such required public offering circulars or
documents by Staff and Counsel, and to authorize the distribution of such
preliminary official statement, circular or documents as may be necessary in
connection with the public offering of the Bonds.
NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED
BY THE CITY OF SAN BERNARDINO, CALIFORNIA, AS FOLLOWS:
Section 1. The City Staff and the Staff of the Redevelopment Agency
of the City of San Bernardino are hereby authorized and directed, together with
Counsel, to begin preparation of a preliminary official statement which shall be
used in connection with any public offering of the Bonds for the Company pursuant
to said Ordinance.
Section 2. The Company shall be required to submit an Application
pursuant to the requirements of the Ordinance, together with all financing
documents, including the Project Agreement and other related documents, to the
City for City approval prior to the final authorization for the issuance of the Bonds
and the closing and delivery for the Bonds.
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Section 3. The approval as granted by this Resolution is only intended
to initially authorize the preparation and distribution of the preliminary official
statement in connection with the financing to be undertaken by the City on behalf
of the Company by the issuance of the Bonds.
I HEREBY CERTIFY that the foregoing resolution was duly adopted by
the Mayor and Common Council of the City of San Bernardino at a regular
meeting thereof, held on the 15th day of February , 1982, by the following
vote, to -wit:
AYES: Councilmembers Castaneda, Reilly, Hernandez,
Botts, Hobbs Strickler
NAYS: None
ABSENT: None
The foregoing resolution is hereby approved th' day of
February ,1982.
Approved as to form:
City Attor ey
San
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