HomeMy WebLinkAbout1980-174 San Bernardino
60 ,005-46-1
RESOLUTION NO. c4ig-1711
RESOLUTION OF THE MAYOR AND COi1MON ,
COUNCIL OF THE CITY OF SAN BERD;ARDINO,
CALIFORNIA, APPROVING THE ISSUANCE BY
THE REDEVELOPMENT AGENCY OF THE CITY
OF SAN BERNARDINO OF ITS GOLF COURSE
LEASE MORTGAGE REVENUE BONDS, ISSUE OF
1980, FOR ITS CORPORATE PURPOSES
WHEREAS, the Redevelopment Agency of the City of
San Bernardino (the "Agency") , is a redevelopment agency
(a public body, corporate and politic) duly created, estab-
lished and authorized to transact business and exercise its
powers, all under and pursuant to the Community Redevelopment
Law [Part 1 of Division 24 (commencing with Section 33000) of
the Health and Safety Code of the State of California] and
the powers of the Agency include the power to issue bonds
for any of its corporate purposes; and
WHEREAS, the Redevelopment Plan for the State
College Project No. 4 has been adopted and approved by
Ordinance No. 3067 of the City of San Bernardino,
California (the "City") , on April 27 , 1970 , and all
requirements of law for and precedent to the adoption
and approval of said Redevelopment Plan have been duly
complied with; and
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WHEREAS , under and pursuant to appropriate resolutions , the
Agency has authorized the issuance and sale of $2 ,500 ,000 principal
amount of Redevelopment Agency of the City of San Bernardino , Golf
Course Lease Mortgage Revenue Bonds, Issue of 1980 (the "Bonds" ) .
NOW, THEREFORE , THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO, CALIFORNIA, DOES HEREBY RESOLVE , DETERMINE AND
ORDER AS FOLLOWS :
Section 1. Approval of Issuance of Bonds. The issuance of
$2 ,500 ,000 principal amount of "Redevelopment Agency of the City of
San Bernardino , Golf Course Lease Mortgage Revenue Bonds , Issue of
1980" for the corporate purposes of the Agency to aid in the financing
of a portion of the cost of a public golf course within the State
College Project No. 4 , and for other lawful corporate purposes, is
hereby authorized and approved.
I HEREBY CERTIFY that the foregoing resolution was duly adopted
by the Mayor and Common Council of the City of San Bernardino at
a meeting thereof , held on the __5� day of
1980 , y the following vote , to-wit:
AYE Councilmen 1
NAYS :
ABSENT:
City Clerk
The foregoing resolution is hereby approved this ,� day
of 1980 .
f
M a r ro o the City of n Bernardino
Approved as to form:
W64--&
City AbOEorney
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