HomeMy WebLinkAbout1988-051
.\.
. I I
SBE00088-3/2305S/es
2/09/88
RESOLUTION NO.
88-51
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, SOUTHEAST
INDUSTRIAL PARK 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 IIAgencyll), 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 IILawll) 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 IISoutheast Industrial Park Redevelopment
Project Areall has been adopted and approved by Ordinance No. 3583 of
the City of San Bernardino, which became effective on July 24, 1976,
and all requirements of law for and precedent to the adoption and
approval of the Redevelopment Plan have been duly complied with; and
- 1 -
;3
\...
"
I '
WHEREAS, the Agency has adopted its Resolution entitled:
"A RESOLUTION OF THE COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF SAN BERNARDINO,
CALIFORNIA, AUTHORIZING THE ISSUANCE OF NOT TO
EXCEED $3,500,000 PRINCIPAL AMOUNT OF TAX
ALLOCATION BONDS OF SAID AGENCY FOR THE CORPORATE
PURPOSES OF THE AGENCY TO AID IN THE FINANCING OF
A REDEVELOPMENT PROJECT KNOWN AS SOUTHEAST
INDUSTRIAL PARK 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 City of San Bernardino, Southeast Industrial Park
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, Southeast Industrial Park Redevelopment Project
Area, Tax Allocation Bonds, Issue of 1988" for the corporate
purposes of the Agency aiding in the financing of the Southeast
Industrial Park Redevelopment Project 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
- 2 -
/
l.
. . I
.~
Section 33640.
hereby authorized and approved pursuant to Health and Safety Code
Section 2.
Effective Date.
effect upon adoption.
This Resolution shall take
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 was duly
of the Ci ty of
meeting thereof,
19 8 8 , by
AYES:
Council Members Estrada. Reilly. Flores. Maudsley.
NAYS:
Minor. Pope-Ludlam. Miller
None
ABSENT:
None
day of
The foregoing
February
resolution is
, 1988.
Approved as to form and legal content:
By: ~)
/ . y Att rney
- 3 -
~~P41~~
Ci tf Clerk
hereby approved this
~7~h
flAr 21 ~&/
Mayor of t e City of
San Bernardino