HomeMy WebLinkAbout1980-101 New Business
50,002-1-1
(San Bernardino)
RESOLUTION NO. fip-
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 BY INLAND INDUSTRIAL PARK
ASSOCIATES, A GENERAL PARTNERSHIP;
FINDING THAT SAID APPLICATION COMPLIES
WITH THE PROVISIONS AND REQUIREMENTS
OF SAID ORDINANCE NO. 3815; PRELIMIN-
ARILY APPROVING SAID APPLICATION AND
THE PROJECT TO WHICH IT REFERS; FIXING
• TIME AND PLACE FOR THE HOLDING OF
• HEARING THEREON; ORDERING THE
PUBLICATION OF A NOTICE OF HEARING
IN THE FORM AND MANNER PROVIDED BY
SAID ORDINANCE NO. 3815; AND MAKING
CERTAIN OTHER FINDINGS AND DETERMINA-
TIONS IN CONNECTION THEREWITH
WHEREAS, the City of San Bernardino ( "City"
herein) , is a "home rule city" duly organized and existing
under and pursuant to a Charter adopted under the provisions
of the Constitution of the State of California; and
WHEREAS, pursuant to its home rule powers, the
City duly and regularly enacted Ordinance No. 3815
("Ordinance" herein) to finance various types of projects,
as defined in the Ordinance, and to issue its special
revenue bonds for the purpose of paying the cost of financ-
ing such projects; and
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WHEREAS, said Ordinance No. 3815 is intended to
finance the development of industry and commerce and to
thereby broaden the employment opportunities for residents
of the City and its tax and revenue base; and
WHEREAS , Inland Industrial Park Associates , a
general partnership ("Inland" herein) , has submitted its
Application in the form and manner provided in said
Ordinance No. 3815 requesting the City to issue and sell
to Miller & Schroeder Municipals , Inc. ("Underwriter"
herein) , its special revenue bonds as authorized by said
Ordinance for the purpose of financing for Inland multi-
tenant industrial buildings which shall provide
approximately 65,000 square feet of rentable space , to
be located at the northwest corner of Tippecanoe Avenue
and Cooley Avenue in the City of San Bernardino, which
buildings, including the land necessary therefor and for
the providing of parking spaces for the use and convience
of the tenants of and visitors to said buildings , and the
financing of same , including interest during construction,
costs and expenses of issuing said bonds, including bond
discount, if any, constitute a project ( "Project" herein)
as that term is used in said Ordinance No. 3815; and
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WHEREAS, the Coordinator (being the Redevelopment
Agency of the City) , City Attorney, Redevelopment Agency
Counsel, Bond Counsel, the Underwriter and staff of both
the City and the Coordinator have reviewed the Application
and have found that the Project is within and complies with
the spirit, intent and provisions of the Ordinance, and
that the City should proceed with the financing; and
WHEREAS, the City finds that it is in the public
interest to authorize an issue of its special revenue bonds ,
for the purpose of paying the cost of financing the Project
upon such terms and conditions as may then be agreed upon
by the City, Inland, its successors and assigns , and the
Underwriter;
NOW, THEREFORE, IT IS HEREBY RESOLVED, DETERMINED
AND ORDERED BY THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO AS FOLLOWS:
Section 1. That the recitals set forth hereinabove
are true and correct in all respects.
Section 2. That said Application as referred to
in the recitals hereof complies with the provisions and
requirements of said Ordinance No. 3815.
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Section 3. That said Application and the Project
be, and the same are, hereby preliminarily approved.
Section 4. That in accordance with the provi-
sions of Section ll (C) of said Ordinance No. 3815 , a public
hearing shall be held at the time and place and for the
purpose set forth on the "Notice of Hearing" form attached
hereto as Exhibit A and incorporated herein, which notice
complies with the requirements of said Ordinance.
Section 5 . That the City Clerk is hereby directed
to cause said Notice of Hearing referred to in Section 4
hereof to be published in a legal newspaper of the City in
the time and manner required by Section 6061 of the Govern-
ment Code of the State of California.
I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the Mayor and Common Council of the City of San
Bernardino at a 5t\^,.0^ meeting thereof, held on the
day of "f\akek 1980, by the following vote, to-wit:
AYES : Councilmen
NAYS : ` �Q
ABSENT: Qy�
City Clerk
The foregoing resolution is hereby approved 1
day of _j 1980.
ayor f he City of an Bernardino
App d as to for
Citv A tornev - 4 -