HomeMy WebLinkAbout1982-473San Bernardino
(South)
60,005-61-2
RESOLUTION NO. 82-473
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 $2,500,000 CENTRAL CITY SOUTH TAX
ALLOCATION BONDS, ISSUE OF 1982, SERIES B,
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 South" has been adopted and
approved by Ordinance No. 3572 of the City of San
Bernardino (the "City"), which became effective on June
4, 1976, and all requirements of law for and precedent
to the adoption and approval of said Redevelopment Plan
have been duly complied with; and
DIS287.3(th)
J11B037
11/10/82
San Bernardino
(South)
60,005-61-1
WHEREAS, the Agency has adopted Resolution
No. entitled:
; and
; and
"RESOLUTION OF THE REDEVELOPMENT
AGENCY OF THE CITY OF SAN BERNARDINO
AUTHORIZING THE ISSUANCE OF $2,500,000
PRINCIPAL AMOUNT OF TAX ALLOCATION
BONDS OF SAID AGENCY TO BE ISSUED ON A
PARITY WITH PREVIOUSLY ISSUED AND
REFUNDED BONDS AND TO FINANCE A PORTION
OF THE COST OF A REDEVELOPMENT PROJECT
KNOWN AS CENTRAL CITY SOUTH."
WHEREAS, the Agency has adopted Resolution No.
entitled:
"RESOLUTION OF THE REDEVELOPMENT
AGENCY OF THE CITY OF SAN BERNARDINO
PROVIDING FOR THE SALE OF $2,500,000
PRINCIPAL AMOUNT OF CENTRAL CITY SOUTH TAX
ALLOCATION BONDS, ISSUE OF 1982, SERIES B."
2
DIS287.3(th)
JWB037
11/10/82
San Bernardino
(South)
60,005-61-1
WHEREAS, under and pursuant to the above
Resolutions, the Agency has authorized the issuance and
sale of $2,500,000 Redevelopment Agency of the City of
San Bernardino, Central City South, Tax Allocation
Bonds, Issue of 1982, Series B (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 $2,500,000 principal amount of "Rede-
velopment Agency of the City of San Bernardino, Central
City South, Tax Allocation Bonds, Issue of 1982, Series
B", for the corporate purposes of the Agency aiding in
the financing of Central City South, and for other
purposes related thereto, all of which constitute a
"redevelopment activity", as such term is defined in
Health and Safety Code Section 33678, is hereby author-
ized and approved.
Section 2. Effective Date. This Resolution
shall take effect upon adoption.
3
DIS287.3(th)
JWB037
11/10/82
San Bernardino
(South)
60,005-61-2
I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the Mayor and Common Council of the City of San Ber-
nardino at a regular meeting thereof, held on the 15th day of
November, 19821 by the following vote, to wit:
AYES:
NAYS:
ABSENT:
Council Members Castaneda, Reilly, Hernandez,
Quiel, Hobbs, Strickler
None
None Abstain: Council Member Marks
City Clerk
The foregoing resolution is hereby approved th's 1,g day
of November, 1982, A
Approved as to form:
Z�W�Ip4o�'�ukr�G
Cityty Attorney
itv ofzS'an Bern
4 DIS287.3(th)
JWB037
11/10/82