HomeMy WebLinkAbout1989-386
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SBE00097-53/3111S/dc
09/14/89 1230
RESOLUTION NO. 89-386
RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE
CITY OF SAN BERNARDINO, CALIFORNIA APPROVING THE
FINAL FORM OF DOCUMENTS IN CONNECTION WITH
CERTAIN FINANCINGS
WHEREAS,
the Ci ty of San Bernardino ("Ci ty") and the
Redevelopment Agency of the City of San Bernardino ("Agency"). have
heretofore entered into a Joint Exercise of Powers Agreement
establishing the San Bernardino Joint Powers Authority ("Authority")
for the purpose of issuing its bonds to be used to make loans to any
of its members to finance public capital improvements and refinance
existing obligations of such members; and
WHEREAS,
the
Authority,
by
adoption
of
appropriate
Resolutions on August 21, 1989 (the "Resolutions"), has previously
authorized the issuance of the San Bernardino Joint Powers Financing
Authority, Tax Allocation Refunding Bonds, 1989 Series A (State
College Project No.4) (the "Tax Allocation Refunding Bonds") and
the San - Bernardino Joint
Powers
Financing Authority,
Public
Facilities Lease Revenue Refunding Bonds, 1989 Series A (the "Lease
Revenue Refunding Bonds"); and
WHEREAS,
by
adoption
of
appropriate
Resolutions
on
August 21, 1989, the Agency has previously authorized the borrowing
of certain funds from the Authority pursuant to certain Loan
Agreements as defined in the Resolution.
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NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO, CALIFORNIA DO HEREBY RESOLVE, DETERMINE AND ORDER AS
FOLLOWS:
Section 1. Approval of Final Forms of Financing
Documents. The Mayor and Cornmon Council hereby approves the final
forms of the Indentures,. the Loan Agreements, the Escrow Agreements,
the Purchase Contracts and the Lease (as defined in the Resolutions)
in substantially the form on file with the City Clerk together with
any additions thereto or changes therein deemed necessary or
advisable by the City Attorney, whose consent thereto shall be
conclusive evidence of such approval.
Section 2. Effective Date. This Resolution shall take
effect from and after the date of its passage and adoption.
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I HEREBY
adopted by the
San Bernardino at
held on the 25th
the following vote,
AYES:
NAYS:
ABSENT:
day of
The foregoing
September
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CERTIFY that the foregoing
Mayor and Common Counci 1
a' Adiourned Regular
day of September
to wit:
resolution was duly
of the Ci ty of
meeting thereof,
1989, by
Council Members Estrada, Reilly, Flores, Maudsley, Minor,
Pope-Ludlam, Miller
None
None
~~~/!/;//
Ci ty Clerk
resolution is hereby approved this
, 1989.
26th
Approved as to form and legal content:
By: ~~AJ_A 9/~~ )
/Cl.t~~f!!
SBE00097-53/3111S
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