HomeMy WebLinkAbout1982-474s
San Bernardino
(East)
60,005-63-2
RESOLUTION NO. 82-474
RESOLUTION OF THE MAYOR AND COMMON
COUNCIL OF THE CITY OF SAN BERNARDINO,
APPROVING THE ISSUANCE BY THE REDEVELOP-
MENT AGENCY OF THE CITY OF SAN BERNARDINO
OF ITS CENTRAL CITY EAST REDEVELOPMENT
PROJECT AREA, TAX ALLOCATION BONDS, ISSUE
OF 1982, AND MAKING CERTAIN DETERMINATIONS
THERETO
WHEREAS, the Redevelopment Agency of the City
of San Bernardino (the "Agency"), is a redevelopment
agency (a public body, corporate and politic) duly
created, established and authorized to transact busi-
ness 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, a "Redevelopment Plan for a project
known as Central City East Redevelopment Project Area"
has been adopted and approved by Ordinance No. 3571 of
the City of San Bernardino (the "City"), which became
effective on June 2, 1976, 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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San Bernardino
(East)
60,005-63-2
WHEREAS, the Agency has adopted Resolution
No. �///, entitled:
; and
"RESOLUTION OF THE REDEVELOPMENT
AGENCY OF THE CITY OF SAN BERNARDINO
AUTHORIZING THE ISSUANCE OF $2,000,000
PRINCIPAL AMOUNT OF TAX ALLOCATION
BONDS OF SAID AGENCY TO FINANCE A
PORTION OF THE COST OF A REDEVELOPMENT
PROJECT KNOWN AS CENTRAL CITY EAST
REDEVELOPMENT PROJECT AREA"
WHEREAS, the Agency has adopted Resolution No.
•�l�//y entitled:
; and
"RESOLUTION OF THE REDEVELOPMENT
AGENCY OF THE CITY OF SAN BERNARDINO
PROVIDING FOR THE SALE OF $2,000,000
PRINCIPAL AMOUNT OF CENTRAL CITY
EAST REDEVELOPMENT PROJECT AREA, TAX
ALLOCATION BONDS, ISSUE OF 1982"
2
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M
San Bernardino
(East)
60,005-63-2
WHEREAS, under and pursuant to the above
Resolutions, the Agency has authorized the issuance and
sale of $2,000,000 Redevelopment Agency of the City of
San Bernardino, Central City East Redevelopment Project
Area, Tax Allocation Bonds, Issue of 1982 (the
"Bonds").
NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL
OF THE CITY OF SAN BERNARDINO, CALIFORNIA, DO HEREBY
RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
Section 1. Approval of Issuance of Bonds.
The issuance of $2,000,000 principal amount of "Rede-
velopment Agency of the City of San Bernardino, Central
City East Redevelopment Project Area, Tax Allocation
Bonds, Issue of 1982", for the corporate purposes of
the Agency aiding in the financing of the Central City
East Redevelopment Project Area, and for other purposes
related thereto, all of which constitute a "redevelop-
ment activity", as such term is defined in Health and
Safety Code Section 33678, is hereby authorized and
approved.
3
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IF
San Bernardino
(East)
60,005-63-2
Section 2. Effective Date. This Resolution shall take
effect upon adoption.
I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the Mayor and Common Council of the City of San
Bernardino at a regular meeting thereof, held on the 15th day
of November, 1982, by the following vote, to wit:
AYES: Council Members Castaneda, Reilly, Hernandez,
Quiel, Hobbs, Strickler
NAYS: None
ABSENT: None Abstain: Council Member Marks
City Clerk
The foregoing resolution is hereby approvedth' day
of November, 1982. _ _
Approved as to form:
City Attorney
or ot/tne ynty of Ly- tern
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