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HomeMy WebLinkAbout1985-283 RESOLUTION NO. 85-283 1 RESOLUTION OF THE MAYOR AND COMMON COUNCIL CITY OF THE CITY 2 OF SAN BERNARDINO APPROVING AN AGREEMENT OF COOPERATION BETWEEN THE CITY OF SAN BERNARDINO AND THE HOUSING AUTHORITY OF THE 3 COUNTY OF SAN BERNARDINO AND AUTHORIZING AND DIRECTING THE EXECUTION THEREOF. 4 BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY 5 OF SAN BERNARDINO AS FOLLOWS: 6 SECTION 1 . That the Agreement of Cooperation between the 7 City of San Bernardino (the "City") and the Housing Authority of 8 the County of San Bernardino for the purpose of providing 9 financing for a project consisting of 318 rental units, a copy of 10 which agreement is attached hereto and incorporated herein by 11 this reference, is fair and equitable and is hereby ratified and 12 approved. 13 SECTION 2. Prior to issuance of any bonds pursuant to this 14 resolution, the applicant shall provide to the City of San 15 Bernardino, for recording , a covenant running with the land in 16 form approved by the City Attorney of the City of San Bernardino 17 whereunder applicant waives any entitlement under state law to a 18 density bonus for the property on which this proposed project is 19 to be constructed. 20 SECTION 3 . Adoption of this resolution shall not be 21 construed as approval of the plans or concept of the proposed 22 development , nor as an indication that the Mayor and Common 23 Council will take any particular action toward granting any 24 planning, zoning , or other approval relating to a plan of 25 development. The Mayor and Common Council reserve their right to 26 evaluate any future administrative procedures and appeals based 27 solely on the information available at the time of consideration, 28 including any actions or recommendations by or appeals from the 1 • � Shy��. �• �, P���• i AGREEMENT OF COOPERATION 1 2 THIS AGREEMENT is made and entered into this lst day of 3 July, 1985, by and between the Housing Authority of the County of 4 San Bernardino (the "Authority") and the City of San Bernardino 5 (the "City") ; 6 W I T N E S S E T H: 7 WHEREAS, the 'Authority, pursuant to Chapter 1, 8 commencing with Section 34200, of Part 2 of Division 24 of the 9 California Health and Safety Code, as amended (the "Act") , 10 proposes to undertake a multifamily rental housing finance 11 program and to issue mortgage revenue bonds to provide funds to 12 finance housing projects within the boundaries of both the 13 unincorporated area of the County of San Bernardino (the 14 "County") and certain incorporated areas located in the County; 15 WHEREAS, the areas within which the Authority proposes 16 to provide funds to finance the housing projects are within the 17 boundaries of the incorporated area of the City; and 18 WHEREAS, the City desires to cooperate with the 19 Authority in such financings as hereinafter provided: 20 SECTION 1. The Authority shall be authorized to and 21 shall use its best efforts to provide financing for the project 22 described in Exhibit "A" located within the boundaries of the 23 City (the "Project") ; subject , however, to the applicable 24 provisions of the Act and the proceedings to be had and taken for 25 the issuance of the above-described mortgage revenue bonds , 26 including the availability of proceeds of such mortgage revenue 27 bonds for such purpose. 28 1 � � I *ntitlement under state law to a density bonus for the property 1 on which this proposed project is to be constructed. 3 IN WITNESS -HEREOPt the Sousing Authority of the County � of San Bernardino and the City of San Bernardino have caused this 4 Agraement of Cooperation to be executed by officers thereunto duly authorized as of they date hereeinabove set forth. HOUSING AQTSORITY OF TEE CITY OF SALE BERNARDINO 7 COCK OF SAN BERNARDINO 91 By, f Chair sore eta or 10 11 12 f 13 f~SEAL) (SEAL) ATTEST: ATTEST: 141 ' T 1 sistant Secretary ity Cleric 17 Approved as to form: Approved as to forms � 18 �; 19 By /-Z' 20 Crust coilnsel City "Attorney E 21 22 23 24 25 26 ! . 27 �..� 26 3