Loading...
HomeMy WebLinkAbout1985-085 1,010-39/0372S/cb 02/25/85 RESOLUTION NO. 85-85 RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO, CALIFORNIA, ACCEPTING A CERTAIN 1984 HOUSING REPQRT OF THE CITY OF SAN BERNARDINO AND REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO AND AUTHORIZING THE PUBLICATION THEREOF WHEREAS, the City of San Bernardino, California (the "City"), has previously submitted an application to the Mortgage Bond Allocation Committee for an allocation for the issuance by the City or the Redevelopment Agency of the City of San Bernardino (the "Agency") of qualified mortgage bonds during calendar year 1985; and WHEREAS, the Tax Reform Act of 1984 amends Section 103A of the Internal Revenue Code of 1954, as amended (the "Code"), and Code Section 103A(j)(5)(B) requires the preparation and consideration of a report which shall include a statement of policies regarding the issuance of qualified mortgage bonds and housing, development and low-income housing assistance programs of the City and the Agency and certain other matters (the "Report"); and WHEREAS, Code Section 103A(j)(5)(A) requires that the City and the Agency submit a copy of the Report to the Secretary of the United States Department of the Treasury on or before the last day of the year preceding the year in which qualified mortgage bonds are issued; and - 1 - WHEREAS, on December 11, 1984, the United States Treasury Department published its T.D. 7995, temporary regulations on information reporting for qualified mortgage bonds and the preparation of the Report (the _"Temporary Regulations") in the Federal Reqister; and WHEREAS, the Temporary Regulations contain certain provisions pertaining to the information which must be included in the Report and the applicable procedures for the consideration and approval of the Report by the City and the Agency; and WHEREAS, the City Staff and the Agency Staff have previously submitted to the City Clerk a copy of a draft of the Report, in accordance with the Temporary Regulations; and WHEREAS, the City Clerk has published notice setting a joint public hearing of the Mayor and Common Council of the City (the "Council") with the Community Development Commission of the City of San .Bernardino (the "Commission") for the review and consideration of the Report in accordance with Code Section 103A(j)(5) and the Temporary Regulations; and WHEREAS, Code Section 103(j) (5) requires that the applicable elected representative of the issuer of qualified mortgage bonds shall publish the Report following the public hearing thereon; and - 2 - WHEREAS, it is appropriate at this time for the Council to consider acceptance of the Report and authorize the publication thereof in accordance with Code Section 103A(j)(5) and the Temporary Regulations. NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO DO HEREBY FIND, RESOLVE, DETERMINE AND ORDER AS FOLLOWS: Section 1. The notice of the joint public hearing of the Council and the Commission as required pursuant to Code Section 103A(j)(5)(B) has been duly published as prescribed by said Section. Section 2. The Council has considered all oral and written comments at the joint public hearing held on this date for the consideration and receipt of the Report by the Council and the Agency. Section 3. The Council hereby approves the Report and accepts the receipt thereof. A copy of the Report is attached hereto as Exhibit "A" and incorporated herein by this reference. The Council hereby authorizes and directs the City Staff and the Agency Staff to prepare a summary of the public comments and testimony which have been received by the City in connect ion wi th the preparation, review and approval of the Report and to include such summary in the Report as shall be published by the City Clerk - 3 - and the Agency Secretary on behalf of the Mayor in accordance with Section 5 of this Resolution. Section 4. The council- hereby accepts the request of the Agency to designate and appoint the Mayor to act as the applicable elected representative of the Agency in connection with the publication of the Report following a duly noticed public hearing of the Agency. The Council constitutes the elected legislative body of the City and the Mayor of the City is hereby appointed as the applicable elected representative of both the City and the Agency, and shall cause to be published the Report, in cooperation with the City Clerk and the Agency Secretary, as required pursuant to Code Section 103A(j)(5)(B) on behalf of both the City and the Agency and as provided in .Section 5 of this Resolution. Section 5. The City Clerk in cooperation with the Agency Secretary on behalf of the Mayor of the City, is hereby authorized and, directed to cause the Report to be published in The Sun, a newspaper of general circulation in the City of San Bernardino as soon as practicable after adoption of this Resolution. The City Clerk in cooperation with the Agency Secretary is further authorized and directed to submit a true and correct copy of the Report to the Secretary of the United States Department of the Treasury and to verify that said Report has been received by the Secretary on or before March 11, 1985. - 4 - Section 6. This Resolution shall take effect upon adoption. I HEREBY CERTIFY that the foregoing resolution was duly adopted by the Mayor and Common Council of the City of San Bernardino at an adiourned reaular meeting thereof, held on the 7th day of March , 1985, by the following vote, to wit: AYES: Council Members Castaneda, Reilly, Harks. Ouiel. Frazier, Strickler NAYS: ABSENT: Council member Hernandez ~//?/./1p~Ab Ci ty Clerk The /.;! b6 foregoing resolution is day of March , 1985. hereby this Approved as to form: /1 -'~ -:p~?~ A. tv:>::Jr. City Attorney ,tY - 5 - EXHIBIT "A" 1984 HOUSING REPORT OF THE CITY OF SAN BERNARDINO AND THE REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO - 7 - . .