HomeMy WebLinkAbout1982-472San Bernardino
(North)
60,005-62-2
RESOLUTION NO. 82-472
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 NORTH 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 North Redevelopment Project Area"
has been adopted and approved by Ordinance No. 3366 of
the City of San Bernardino (the "City"), which became
effective on September 6, 1973, and all requirements of
law for and precedent to the adoption and approval of
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said Redevelopment Plan have been duly complied with;
and
WHEREAS, the Agency has adopted Resolution
No. entitled:
; and
; and
"RESOLUTION OF THE REDEVELOP14ENT
AGENCY OF THE CITY OF SAN BERNARDINO
AUTHORIZING THE ISSUANCE OF $6,300,000
PRINCIPAL AMOUNT OF TAX ALLOCATION
BONDS OF SAID AGENCY TO REFUND PREVIOUSLY
ISSUED BONDS AND TO FINANCE A PORTION OF THE
COST OF A REDEVELOPMENT PROJECT KNOWN AS THE
CENTRAL CITY NORTH REDEVELOPMENT PROJECT
AREA."
WHEREAS, the Agency has adopted Resolution No.
entitled:
"RESOLUTION OF THE REDEVELOPMENT
AGENCY OF THE CITY OF SAN BERNARDINO
PROVIDING FOR THE SALE OF $6,300,000
PRINCIPAL AMOUNT OF CENTRAL CITY
NORTH REDEVELOPMENT PROJECT AREA, TAX
ALLOCATION BONDS, ISSUE OF 1982."
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WHEREAS, under and pursuant to the above
Resolutions, the Agency has authorized the issuance and
sale of $6,300,000 Redevelopment Agency of the City of
San Bernardino, Central City North 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 $6,300,000 principal amount of "Rede-
velopment Agency of the City of San Bernardino, Central
City North Redevelopment Project Area, Tax Allocation
Bonds, Issue of 1982", for the corporate purposes of
the Agency aiding in the financing of the Central City
North Redevelopment Project Area, to refund, together
with other available funds of the Agency, its
$4,300,000 Central City North Redevelopment Project
Area, Tax Allocation Bonds, Issue of 1981, Series A,
and for other purposes related thereto, all of which
constitute a "redevelopment activity", as such term is
3
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defined in Health and Safety Code Section 33678, is hereby
authorized and approved.
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 Ber-
nardino at a regular meeting thereof, held on the 15th day of
November, 1982, by the following vote, to wit:
AYES:
NAYS:
ABSENT:
Council Members Castaneda, Reilly, Hernandez,
Quiel, Hobbs, Strickler
None
None Abstain: Council Member Marks
/A"rJ`9
City Clerk
The foregoing resolution is hereby approved
of November, 1982. w -#V G
Approved as to form:
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