HomeMy WebLinkAbout1980-125 San Bernardino
w 60 ,009-6--1
RESOLUTION N0.
RESOLUTION OF THE MAYOR AND COQ 10N COUNCIL
OF THE CITY OF SAN BERNAR.DINO APPROVING AN
APPLICATION FOR THE ISSUANCE OF INDUSTRIAL
DEVELOPMENT REVENUE BONDS OF THE CITY AND
THE PROJECT REFERRED TO THEREIN; FINDING
THAT THERE WAS NO EVIDENCE PRESENTED AT A
PUBLIC HEAPING HELD ON SAID APPLICATION IN
OPPOSITION TO SAID APPLICATION OR SAID
PROJECT; DIRECTING THE PREPARATION OF A
PROJECT AGREEMENT, RESOLUTION OF ISSUANCE
AND OTHER LEGAL DOCUMENTS AS MAY BE NECES-
SARY TO CARRY OUT SAID PROJECT AND PROVIDE
FOR THE ISSUANCE OF INDUSTRIAL DEVELOPMENT
REVENUE BONDS THEREFOR; AND MAKING CERTAIN
OTHER FINDINGS AND DETER1NATIONS IN
CONNECTION THEREWITH
WHEREAS, there has been presented to this Mayor
and Common Council an Application by Ashton Investments,
A Limited Partnership, requesting the issuance of industrial
development revenue bonds in the principal amount of
$8,000 ,000 for the purpose of financing a commercial office
building to be located at the corner of 6th and "D" Streets
in the City of San Bernardino, including the land necessary'
therefor and for the providing of parking spaces for the
use and convenience of the tenants of and visitors to said
building; and
WHEREAS , said Mayor and Common Council preliminarily
reviewed said Application, arid, on the 17th clay of March, 1930 ,
adopted a Resolution entitled:
D112-1 (ap)
4/1/80
San Bernardino
60 ,009-6-1
"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 ASHTON INVES^1MEvTS , A
LIMITED PARTNERSHIP; FINDING THAT
SAID APPLICATION COMPLIES WITH THE
PROVISIONS AND REQUIREMENTS OF SAID
ORDINANCE NO. 3815; PRELIMINARILY
APPROVING SAID APPLICATION AND THE
PROJECT TO WHICH IT REFERS; FLING
A TIME AND PLACE FOR THE HOLDING OF
A HEARING WHEREON; 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"
and
WHEREAS, pursuant to said Resolution following a
notice duly published in the time and manner of said Ordinance
No. 3815, said Mayor and Common Council conducted a Public
Hearing on said Application and said Project, in the manner
required by said Ordinance No. 3815; and
WHEREAS, at said Public Hearing there was no
evidence presented, either written or oral, in opposition
to said Application or said Project;
-2- D112-2 (ap)
4/1/80
San Bernardino
60 ,009-6-1
NOW, THEREFORE, THE MAYOR AND CO2-,LMON COUNCIL OF
THE CITY OF SAN BERNARDINO DO HEREBY FIND, RESOLVE , DETER-
MINE AND ORDER AS FOLLOWS:
Section 1. That the recitals set forth herein-
above are true and correct in all respects .
Section 2 . That said Application and the Project
to which it refers are hereby approved.
Section 3. That the City Staff, Bond Counsel,
Underwriters, the Applicants and the Agents and Representa-
tives of same are hereby authorized and directed to prepare
or cause to be prepared the necessary legal documents,
including the Project Agreement, Resolution of Issuance,
and such other documents as may be necessary to effect
said Project and the issuance of industrial development
revenue bonds therefor and to present same to said Mayor
and Common Council.
Section 4. That the City Clerk is hereby authorized
and directed to mail a certified copy of this Resolution to
the Applicants at their address as shown on said Application.
-3- D112-3 (ap)
4/1/80
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1 I HEREBY CERTLFY that the foregoing resolution was duly
2 adopted by the Mayor and Common Council of the City of San Ber-
3 nardino at a ,,1'.v meeting thereof, held on the ;7
4 day of , 1980 , by the following vote, to-wit:
5 AYES: Councilmen ` ,,
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7 NAYS :
8 ABSENT: a
9
11 City Clerk
The foregoing resolution is hereby approve s r; day
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13 of 1980 .
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400 t City o San Bernardino
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16 Approv.vd ,as to form:
17 - r
/ $ City Attorney ff
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