HomeMy WebLinkAboutRS1- Economic Development Agency ECONOMIC DEVELOPMENT AGENCY (o
OF THE CITY OF SAN BERNARDINO "`r,,,jjj»�
REQUEST FOR COMMISSION/COUNCILgCTION
FROM: RONALD E. WINKLER SUBJECT: SAN BERNARDINO PARK
Development Director ACQUISITION JOINT POWERS
FINANCING AUTHORITY BOARD
MEETINGS
DATE: May 17, 1996
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Synonsis of Previous Commission/Council/Comm it tee Action*
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(San Bernardino Park Acquisition Jo-Powers Financing Authority)
MOTION: RESOLUTION OF THE SAN BERNARDINO PARK ACQUISITION JOINT POWERS
FINANCING AUTHORITY ESTABLISHING THE TIME AND PLACE OF
REGULAR MEETINGS AND AUTHORIZING THE COMMENCEMENT OF
OPERATIONS INCLUDING THE EXECUTION OF AGREEMENTS BY THE
EXECUTIVE DIRECTOR OF THE AUTHORITY.
Adm� R NALD E WINKLER
Development Director
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Contact Person(s): Ronald E. Winkler Phone: _ _5081 _____
Project Area(s): N/A _ Ward(s): -NLA_ _
Supporting Data Attached: Staf-Report;Resolution_ _ ____
FUNDING REQUIREMENTS: Amount:$ N/A Source: N/A
Budget Authority:
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Commission/Council Notes:
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REW:Imp:5anpkc.L,C6 COMMISSION MEETING AGENDA
MEETING DATE: 05/20/1996
ke S J�A—— I Agenda Item Number:
ECONOMIC DEVELOPMENT AGENCY
STAFF REPORT
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San Bernardino Park Acanisition-Joint-Pow-er-s-financing_Authority-Board Meetings
Background
The San Bernardino Park Acquisition Joint Powers Financing Authority ("SANPAC") was
formed as a joint powers authority by the Community Development Commission and the Mayor
and Common Council by appropriate actions on March 18, 1996. It is necessary pursuant to
Section 4C(I) of the JPA Agreement as adopted to designate the meeting dates, times and place
for regular meetings of SANPAC.
The attached resolution designates the same meeting dates, times and place of the Commission as
those of SANPAC. If actions are not required to be taken by SANPAC at any regularly
scheduled meeting, no agenda would be posted and thus no meeting will be held.
It appears likely that SANPAC will be requested within the next two months to undertake the
financing of several mobilehome parks within other cities and counties in Southern California.
The resolution will also allow for the execution of conditional acquisition agreements on behalf
of SANPAC subject to the final approval of SANPAC prior to any financing being committed or
undertaken by SANPAC. This authorization will enable EDA staff and consultants to negotiate
the terms of the acquisition and the financing and to initiate the due diligence in conjunction with
the mobilehome park owner and the host municipality as necessary.
Based on the foregoing, staff recommends adoption of the form resolutions.
RONALD V WINKLER, Director
Development Department
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REW:lmp:harris2.cdc COMMISSION MEETING AGENDA
MEETING DATE: 05/20(/1996
Agenda Item Number: II'