HomeMy WebLinkAbout1980-100
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50,002-1':'2
(San Bernardino)
RESOLUTION NO. )()-J('i)
RESOLUTION OF THE MAYOR AND COMMON
COUNCIL OF THE CITY OF SAN BERNARDINO
FINDING THAT AN APPLICATION FOR
INDUSTRIAL DEVELOPMENT BOND FINANCING
HAS BEEN SUBMITTED PURSUANT TO THE
PROVISIONS OF ORDINANCE NO. 3815 OF
THE CITY BY ASHTON INVESTMENTS, A
LIMITED PAR~~ERSHIP; FINDING THAT
SAID APPLICATION COMPLIES WITH THE
PROVISIONS AND REQUIREMENTS OF SAID
ORDINANCE NO. 3815; PRELIMINARILY
APPROVING SAID APPLICATION AND THE
PROJECT TO WHICH IT REFERS; FIXING
A TIME AND PLACE FOR THE HOLDING OF
A HEARING THEREON; ORDERING THE
PUBLICATION OF A NOTICE OF HEARING
IN THE FORM AND MANNER PROVIDED BY
SAID ORDINANCE NO. 3815; AND MAKING
CERTAIN OTHER FINDINGS AND DETERMINA-
TIONS IN CONNECTION THEREWITH
WHEREAS, the City of San Bernardino ("City"
herein), is a "home rule city" duly organized and existing
under and pursuant to a Charter adopted under the provisions
of the Constitution of the State of California; and
WHEREAS, pursuant to its home rule powers, the
City duly and regularly enacted Ordinance No. 3815
("Ordinance" herein) to finance various types of projects,
as defined in the Ordinance, and to issue its special
revenue bonds for the purpose of paying the cost of financ-
ing such projects; and
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WHEREAS, said Ordinance No. 3815 is intended to
finance the development of industry and commerce and to
thereby broaden the employment opportunities for residents
. .
of the City and its tax and revenue base; and
~
WHEREAS, Ashton Investments, a limited partner-
ship ("Ashton" herein), has submitted its Application in
the form and manner provided in said Ordinance No. 3815
requesting the City to issue and sell to Miller & Schroeder
Municipals, Inc. ("Underwriter" herein), its special revenue
bonds as authorized by said Ordinance for the purpose of
financing for Ashton a commercial office building which
shall provide approximately 62,000 square feet of rentable
space, to be located at the corner of 6th and "D" Streets
in the City of San Bernardino, which building, including
the land necessary therefor and for the providing of parking
spaces for the use and convience of the tenants of and
visitors to said building, and the financing of same,
including interest during construction, costs and expenses
of issuing said bonds, including bond discount, if any,
constitute a project ("Project" herein) as that term is
used in said Ordinance No. 3815; and
WUEREAS, the Coordinator (being the Redevelopment
Agency of the City), City Attorney, Redevelopment Agency
Counsel, Bond Counsel, the Underwriter and staff of both
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the City and the Coordinator have reviewed the Application
and have found that the Project is within and complies with
the spirit, intent and provisions
of the Ordinance, and
.
the financing; and
.
that the City should proceed with
...
WHEREAS, the City finds that it is in the public
interest to authorize an issue of its special revenue bonds,
for the purpose of paying the cost of financing the Project
upon such terms and conditions as may then be agreed upon
by the City, Ashton, its successors and assigns, and the
Underwriter;
NOW, THEREFORE, IT IS HEREBY RESOLVED, DETERMINED
AND ORDERED BY THE MAYOR AND COMMON COUNCIL OF THE CI'rY OF
SAN BERNARDINO AS FOLLOWS:
Section 1. That the recitals set forth hereinabove
are true and correct in all respects.
Section 2. That said Application as referred to
in the recitals hereof complies with the provisions and
requirements of said Ordinance No. 3815.
Section 3. That said Application and the Project
be, and the same are, hereby preliminarily approved.
.
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Section 4. That in accordance with the provi-
sions of Section 11(C) of said Ordinance No. 3815, a public
hearing shall be held at the time and place and for the
purpose set forth on the "Notice of Uearing" form attached
hereto as Exhibit A and incorporated herein, which notice
complies with the requirements of said Ordinance.
Section 5. That the City Clerk is hereby directed
to cause said Notice of Uearing referred to in Section 4
hereof to be published in a legal newspaper of the City in
the time and manner required by Section 6061 of the Govern-
ment Code of the State of California.
I UEREBY CERTIFY taht 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 3rd day
of March, 1980, by the following vote, to-wit:
AYES: Councilmen CnNlTnl'i\oAn 1 11) k 000.. tb fI Mdt.,,) ~\
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NAYS: "\\~
ABSENT:
\b"hN&', ~ """'....~ ,~,O\\ I, ~~
<~~mttl ~Ah
, City Clerk
approved t~
,
The foregoing resolution is hereby
day of
ffitHl' C-..
, 1980.
:;J!f';.ed as to form ~
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