HomeMy WebLinkAbout1994-5405
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RESOLUTION NO.
')40')
RESOLUTION OF THE COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF SAN BERNARDINO ON
BEHALF OF THE REDEVELOPMENT AGENCY OF THE CITY OF
SAN BERNARDINO AUTHORIZING EXECUTION OF THE LEASE
BY AND BETWEEN THE ECONOMIC DEVELOPMENT AGENCY
AND TRANSOCEAN FUNDING, INC.
WHEREAS, the Community Development Commission is the
governing board of the Redevelopment Agency of the City of San
Bernardino (the "Agency") and acts on behalf of the Agency; and
WHEREAS, the Agency desires to enter into a lease with
Transocean Funding (the "Lease") for the use of certain equipment
13 necessary for the operation of the Agency, specifically the
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management and storage of documents; and
WHEREAS, the Agency has allocated funds for payments
under the Master Lease/Purchase Agreement which will be dated as
of August 15, 1994 (the "Lease Agreement") in its Fiscal Year
1994-95 Budget and as provided in the Lease Agreement would be
required to appropriate sufficient funds to pay the Lease each
year; and
WHEREAS,
the Agency has duly considered such
transactions and desires at this time to approve and provide for
the execution and delivery of the Lease Agreement in the public
interests of the Agency.
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1 NOW, THEREFORE, THE COMMUNITY DEVELOPMENT COMMISSION,
2 ACTING ON BEHALF OF THE REDEVELOPMENT AGENCY OF THE CITY OF
3 SAN BERNARDINO, DOES HEREBY RESOLVE, DETERMINE AND ORDER AS
4 FOLLOWS:
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6 Section 1. The Recitals hereinabove are true and
7 correct and are incorporated herein by this reference.
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9 Section 2. The Agency hereby finds and determines
10 that the Lease will result in benefits to the Agency.
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12 Section 3. The Agency hereby approves the Lease
13 Agreement and further authorizes and directs that the form of
14 Lease Agreement presently on file with the Agency Secretary be
15 converted into the final form of Lease Agreement, together with
16 such changes or modifications as deemed necessary or desirable by
17 the Chairman or Agency Administrator upon the recommendation of
18 counsel. The Chairman, Agency Administrator, Acting Executive
19 Director or other such authorized officer of the Agency is hereby
20 authorized and directed to execute and deliver, and the Agency
21 Secretary or Acting Agency Secretary is hereby authorized and
22 directed to attest to, the final form of Lease Agreement when the
23 same has been prepared for and in the name of the Agency, and
24 such execution and delivery shall be deemed to be conclusive
25 evidence of the approval thereof. The Agency hereby authorizes
26 the delivery and performance of the Lease.
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1 Section 4. The Chairman, Agency Administrator,
2 Acting Executive Director, Agency Secretary or Acting Agency
3 Secretary, Counsel and any and all other officers of the Agency
4 are hereby authorized and directed, for and in the name and on
5 behalf of the Agency to do any and all things and take any and
6 all actions, including execution and delivery of any and all
7 assignments, certificates, agreements, notices, consents, and
8 other documents, which they, or any of them, may deem necessary
9 or advisable in order to consummate the Lease as described
10 herein.
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RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF
SAN BERNARDINO ON BEHALF OF THE REDEVELOPMENT AGENCY OF THE CITY
OF SAN BERNARDINO AUTHORIZING EXECUTION OF THE LEASE BY AND
BETWEEN THE ECONOMIC DEVELOPMENT AGENCY AND TRANSOCEAN FUNDING,
INC.
Effective Date.
This
Resolution
Section 5.
shall take effect from and after its passage and adoption.
I HEREBY CERTIFY that the foregoing Resolution was duly
adopted by the Community Development Commission of the City of
Regular
meeting
San Bernardino at a
October
3
day of
thereof, held on the
1994, by the following vote, to wit:
ABSENT
ABSTAIN
NAYS
Commission Members:
AYES
x
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X
X
X
X
NEGRETE
CURLIN
HERNANDEZ
OBERHELMAN
DEVLIN
POPE-LUDLAM
MILLER
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cretary
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The foregoing resolution is hereby approved this
October , 1994.
day of
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en;1 'tI<~
Tom Mln , alrman
Community Development
Commission of the
City of San Bernardino
Approved as to
form and le~~n~:
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By: V~ . L
Agency C sel
SBEO\OOOl\DOC\1020
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