HomeMy WebLinkAbout1985-110
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San Bernardino
S4333-00l-2
RESOLUTION NO. 85-ll0
RESOLUTION OF THE MAYOR AND COMMON COUNCIL
OF THE CITY OF SAN BERNARDINO AMENDING
RESOLUTION NO. 83-439 REGARDING AN APPLI-
CATION FOR INDUSTRIAL DEVELOPMENT BOND
FINANCING SUBMITTED BY THE DORJIL COMPANY
(DORJIL ESTATES PROJECT)
WHEREAS, the Mayor and Common Council of the City
of San Bernardino on December 5, 1983, adopted the following
Resolution:
RESOLUTION NO. 83-439
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 FOR A CERTAIN PROJECT, FINDING
THAT SAID APPLICATION COMPLIES WITH THE
PROVISIONS AND REQUIREMENTS OF SAID ORDIN-
ANCE NO. 38lS; APPROVING SAID APPLICATION
AND THE PROJECT TO WHICH IT REFERS; DIR-
ECTING THE PREPARATION OF A PROJECT AGREE-
MENT, A RESOLUTION OF ISSUANCE AND SUCH
OTHER LEGAL DOCUMENTS AS MAY BE NECESSARY
TO CARRY OUT SAID PROJECT AND PROVIDE FOR
THE ISSUANCE OF INDUSTRIAL DEVELOPMENT
REVENUE BONDS THEREFOR; AND MAKING CERTAIN
OTHER FINDINGS AND DETERMINATIONS IN CON-
NECTION THEREWITH.
(DORJIL COMPANY)
WHEREAS, the Application for Industrial Develop-
ment Bond Financing submitted and approved by said Resolu-
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26-CI-JWB-3S1,27
3-l2-85 (ckd)
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San Bernardino
54333-001-2
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tion No, 83-439, requested the issuance of an amount not to
exceed $3,000,000 for the purpose of loaning the proceeds of
the sale of the bonds to Dorjil Company (the "Developer") to
aid in the financing of the project contained therein; and
WHEREAS, the Developer has requested that their
application for the issuance of Industrial Development Bonds
be amended from an amount "not to exceed $3,000,000" to an
amount "not to exceed $5,000,000,"
NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF
THE CITY OF SAN BERNARDINO DO HEREBY RESOLVE, DETERMINE AND
ORDER AS FOLLOWS:
Section 1. Resolution No, 83-439, adopted
December lS, 1983, is hereby amended, changing the amount
requested for issuance of Industrial Development Bonds from
the principal amount of "$3,000,000" to an amount "not to
exceed $5,000,000,"
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26-C1-JWB-351.27
3-12-85 (ckd)
San Bernardino
S4333-00l-2
Section 2.
This Resolution shall take effect
immediately 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 a
regular
meeting thereof, held on the
l8th
day of
March
1985, by the following vote, to-wit:
AYES:
Council Members
Castaneda, Reilly, Hernandez,
Marks, Quiel, Strickler
NAYS:
None
ABSENT:
Council Member Frazier
.at-"-/~./
-"City Clerk
The
foregoing
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resolution is hereby approved th'
day
of
, 1985.
Approved as to form:
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