HomeMy WebLinkAbout1990-5256
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RESOLUTION NO. 5256
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RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE
CITY OF SAN BERNARDINO AUTHORIZING THE EXECUTION OF A LOAN
AGREEMENT WITH THE SAN BERNARDINO JOINT POWERS FINANCING
AUTHORITY.
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WHEREAS, pursuant to the Community Development Law of the
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State of California, (Health & Safety Code Section 33000, et
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seg. ), the Redevelopment Agency of the City of San Bernardino
(the "Agency") is carrying out the Redevelopment Plan for the
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South East Industrial Park Redevelopment Project Area (the
"Project Area"); and
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WHEREAS, the Agency is authorized to invest funds not
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immediately necessary for the implementation of the Redevelopment
Plan; and
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WHEREAS, the Agency and the Authority desire to promote
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redevelopment in the South East Industrial Park Redevelopment
Project Area in the City of San Bernardino; and
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WHEREAS, in order to effectuate the provisions of the
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Redevelopment Plan of the South East Industrial Project Area, the
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Agency proposes to loan and the Authority proposes to borrow
Four Million, Nine Hundred Sixty Five Thousand Dollars
($4,965,000.00) pursuant to that "Loan Agreement", a copy of
which is attached hereto as Exhibit" A" and is incorporated
herein by reference;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF SAN BERNARDINO AS FOLLOWS:
SECTION 1.
The loan of funds pursuant to the Loan
Agreement is in the best interest of the Agency and will promote
DABjsesjAuthorit.res
June 7, 1990
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RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE
CITY OF SAN BERNARDINO AUTHORIZING THE EXECUTION OF A LOAN
AGREEMENT WITH THE SAN BERNARDINO JOINT POWERS FINANCING
AUTHORITY.
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I HEREBY CERTIFY that the foregoing resolution was duly
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San Bernardino at a
adopted by the Community Development Commission of the City of
meeting thereof, held on
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REGULAR
the
day of
, 1990, by the following
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18th
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vote, to wit:
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Commission Members:
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ESTRADA
REILLY
FLORES
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MAUDSLEY
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MINOR
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POPE-LUDLAM
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MILLER
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JUNE
AYES
x
x
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x
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x
NAYS
ABSTAIN
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The foregoing resolution is hereby approved this 18th
day of ,,.TThlF. , 1990.
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Approved as to
form and legal content:
B~)
Agency C nsel -
DABjsesjAuthorit.res
June 7, 1990
7tru,~L, ..j. }Yl L~.J
W. R. HOLCOMS, Chairman
Community Development Commission
of the City of San Bernardino
1 the public health, safety and welfare.
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'-' 2 SECTION 2. The Executive Director is hereby authorized to
3 execute the Loan Agreement on behalf of the Agency.
4 SECTION 3. This Resolution is rescinded if the parties to
5 the Agreement fail to execute it within sixty (60) days of the
6 passage of this resolution.
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DAB/ses/Authorit.res
28 June 7, 1990
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Development
Resolution
adopted
Commission
below, and
SECRETARY'S CERTIFICATE
OF
ADOPTION AND AUTHENTICATION
ROBERT J. TEMPLE Secretary of the Community
Commission, DO HEREBY CERTIFY that the attached
is a true and correct copy of Resolution No. 5256
.TTlNF. lR , 19...2i1-, by the Community Development
of the Ci ty of San Bernardino, by the vote set forth
that said Resolution has not been amended or repealed.
COMMISSION MEMBERS
YEAS
ESTHER R. ESTRADA
I x I
JACK REILLY
JESS FLORES
1 x I
I x I
MICHAEL MAUDSLEY
I x I
TOM MINOR
1 x 1
VALERIE POPE-LUDLAM
1 x I
NORINE MILLER
DATED:
I x I
JUNE 18, 1990
[SEAL]
Check Appropriate Box
NAYS
ABSENT
ABSTAIN
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, 19
Ci ty