HomeMy WebLinkAbout1988-049
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SBE00089-5/2353S/es
02/09/88
RESOLUTION NO.
88-49
RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE
CITY OF SAN BERNARDINO, CALIFORNIA, APPROVING THE
ISSUANCE BY THE REDEVELOPMENT AGENCY OF THE CITY
OF SAN BERNARDINO OF ITS $3,500,000 REDEVELOPMENT
AGENCY OF THE CITY OF SAN BERNARDINO, CENTRAL
CITY NORTH REDEVELOPMENT PROJECT AREA, TAX
ALLOCATION BONDS, ISSUE OF 1988, AND MAKING
CERTAIN DETERMINATIONS RELATING THERETO
WHEREAS,
the
Redevelopment
Agency
of
the
City
of
San Bernardino (the "Agency"), is a redevelopment agency (a public
body,
corporate
and
politic)
duly created,
established and
authorized to transact business and exercise its powers, all under
and pursuant to the Community Redevelopment Law [Part 1 of
Division 24 (commencing with Section 33000) of the Health and Safety
Code of the State of California] (the "Law") and the powers of the
Agency include the power to issue bonds for any of its corporate
purposes; and
WHEREAS, the Redevelopment Plan for a redevelopment project
known and designated as the "Central City North Redevelopment
Project Area" has been adopted and approved by Ordinance No. 3366 of
the City of San Bernardino, which became effective on September 10,
1973, and all requirements of law for and precedent to the adoption
and approval of the Redevelopment Plan have been duly complied with;
and
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.,.
WHEREAS, the Agency has adopted its Resolution entitled:
"RESOLUTION OF THE COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF SAN BERNARDINO
AUTHORIZING THE ISSUANCE OF NOT TO EXCEED
$3,500,000 PRINCIPAL AMOUNT OF TAX ALLOCATION
BONDS OF SAID AGENCY TO FINANCE A PORTION OF THE
COST OF A REDEVELOPMENT PROJECT KNOWN AS THE
CENTRAL CITY NORTH REDEVELOPMENT PROJECT AREA;"
and
WHEREAS, under and pursuant to the above Resolution the
Agency has authorized the issuance of $3,500,000 Redevelopment
Agency of the Ci ty of
San Bernardino,
Central
City North
Redevelopment Project Area, Tax Allocation Bonds, Issue of 1988 (the
"Bonds").
NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO, CALIFORNIA, DO HEREBY FIND, RESOLVE, DETERMINE AND
ORDER AS FOLLOWS:
Section 1.
Approval of Issuance of Bonds. The issuance
of $3,500,000 principal amount of "Redevelopment Agency of the Ci ty
of San Bernardino, Central Ci ty North Redevelopment Proj ect Area,
Tax Allocation Bonds, Issue of 1988" for the corporate purposes of
the Agency aiding in the financing of the Central City North
Redevelopment Proj ect Area, and for other purposes related thereto,
all of which constitute a "redevelopment activity", as such term is
defined
in Health and Safety Code Section 33678,
is hereby
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""
authorized
and
approved pursuant to Health and Safety Code
Section 33640.
I HEREBY CERTIFY
adopted by the Mayor
San Bernardino at a
held on the 15th
the following vote, to
that the foregoing
and Common Counci 1
regular
day of February
wit:
resolution
of the
meeting
was duly
Ci ty of
thereof,
19 8 8, by
AYES:
Council Members
Estrada. Reilly. Flores MalldRlp.y,
Minor. Pope-Ludlam. Miller
NAYS:
None
ABSENT:
None
4~/?03~~
Ci ty e1erk
day of
The foregoing
February
resolution is hereby approved this / /ch
, 1988.
~,/~LA)lj~
~'or oft the C'i ty of I
San Bernardino
Approved as to form and legal content:
BY:~
/Ci ty Attor y
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