HomeMy WebLinkAbout1989-404
._, .../ l..
1
RESOLUTION NO.
89-404
2 RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO AUTHORIZING THE EXECUTION OF A COOPERATIVE
3 AGREEMENT BETWEEN THE CITY OF SAN BERNARDINO AND THE COMMUNITY
DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO.
4
BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY
5 OF SAN BERNARDINO AS FOLLOWS:
6
SECTION 1.
The Mayor is hereby authorized and directed
7 to execute on behalf of said City an Agreement between the City
8 of San Bernardino and the Community Development Commission of the
9 City of San Bernardino, which agreement is attached hereto,
10 marked Exhibit "A", and incorporated herein by reference as fully
12
11 as though set forth at length.
SECTION 2.
The authorization to execute the above-
13 referenced agreement is rescinded if the parties to the agreement
19
20
21
22
23
24
25
26
27
28
14 fail to execute it within sixty (60) days of the passage of this
15 resolution.
16 I HEREBY CERTIFY that the foregoing resolution was duly
17 adopted by the Mayor and Common Council of the City of San
18
Bernardino at a
meeting thereof, held on the 6th
special
day of
October
, 1989, by the following vote, to wit:
AYES:
Council Members Estrada, Reilly, Flores, Maudsley,
Minor
NAYS:
None
ABSENT:
Pope-Ludlam, Miller
~/W~f#
Ci ty Clerk
/
/
/
/
/
/
DAB/ses
October 6, 1989
1
,c' ~.,
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
'.
1
RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO AUTHORIZING THE EXECUTION OF A COOPERATIVE
AGREEMENT BETWEEN THE CITY OF SAN BERNARDINO AND THE COMMUNITY
DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO.
2
3
4
~ 111,
day
5
The foregoing resolution is
(;~V
of
, 1989.
6
7
8
9 Approved as to form
and legal content:
JAMES F. PENMAN,
City Attorney
BY:~t&)
/
DAB/ses
October 6, 1989
2
!
COOPERATIVE AGREEMENT BETWEEN
THE CITY OF SAN BERNARDINO AND THE
COMMUNITY DEVELOPMENT COMMISSION OF THE
CITY OF SAN BERNARDINO
THIS COOPERATIVE AGREEMENT (the "Agreement") is hereby made
and entered into as of
, 1989, by and between the
CITY OF SAN BERNARDINO (the "City") and the COMMUNITY
DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO (the
"Agency").
RECITALS
A. WHEREAS, the City has issued the City of San
Bernardino Hospital Reserve Bonds (San Bernardino Community
Hospital) Series 1985A in the principal amount of Thirty-Eight
Million Dollars ($38,000,000); and
B. WHEREAS, there is an issuer's fee due to the City of
one percent (1%) of the principal amount (the "Issuer's Fee")
or Three Hundred Eighty Thousand Dollars ($380,000); and
C. WHEREAS, there are presently available to the Agency
funds generated by the Northwest Redevelopment Project Area
(the "Project Area") which the Agency is willing to use to pay
the Issuer's Fee to the City on the basis set forth in
Section 2 of this Agreement.
J..
APPROVED AS TO FORM AND CONTENT
FOR THE CITY
B~
City Attorney
Dated:
APPROVED AS TO FORM
AND CONTENT FOR THE
AGENCY
B~
Agency Counsel
10/04/89
6606n/2601/008
- 3 -
By:
Ac-t,'JU Q
f
THE COMMUNITY DEVELOPMENT
COMPIISSION OF THE CITY OF
SAN BERNARDINO
f)
..
"
NOW, THEREFORE, the City and Agency agree as follow:
1. The Agency agrees to pay the Issuer's Fee of Three
Hundred Eighty Thousand Dollars ($380,000) to the City.
2. The City shall, in consideration of such payment, be
obligated to devote the funds paid by the Agency pursuant to
the preceding paragraph to expenditures within or of benefit to
the Northwest Redevelopment Project Area that would be
expenditures which the Agency could lawfully make pursuant to
Section 33445 of the California Health & Safety Code.
3. There shall be no third party beneficiaries to this
Agreement.
4. This Agreement shall be effective as of the day and
date first above shown.
Dated: {)ciJJlJwu /~ j/f,(r
ATTEST:
By:~~d~~t/
"'Ci ty Clerk
10/04/89
6606n/2601/008
- 2 -