HomeMy WebLinkAbout2019-277Resolution No. 2019-277
RESOLUTION NO. 2019-277
RESOLUTION OF THE MAYOR AND CITY COUNCIL OF
THE CITY OF SAN BERNARDINO, CALIFORNIA,
PURSUANT TO SECTION 147(F) OF THE INTERNAL
REVENUE CODE OF 1986 APPROVING THE ISSUANCE OF
BONDS BY THE HOUSING AUTHORITY OF THE COUNTY
OF SAN BERNARDINO FOR THE ARROWHEAD GROVE
PHASE 2 PROJECT
WHEREAS, the Housing Authority of the County of San Bernardino (Authority) intends to
issue not to exceed $60,000,000 aggregate principal amount of multifamily housing revenue
bonds (Bonds) to finance the acquisition, construction and equipping of a 184 unit multifamily
rental housing development to be located at the Southeast corner of Waterman Avenue and
Baseline Street, in the City of San Bernardino, County of San Bernardino, California described
in the notice of public hearing attached as Exhibit B hereto (Project); and
WHEREAS, in order for interest on the Bonds to be tax-exempt, Section 147(f) of the Internal
Revenue Code of 1986 requires that the Bonds be approved by the City Council as the applicable
elected representatives after a public hearing following reasonable public notice.
BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF SAN
BERNARDINO AS FOLLOWS:
SECTION 1. The above recitals are true and correct and are incorporated herein by this
reference.
SECTION 2. The City does not warrant the creditworthiness of the Bonds or guarantee,
in any way, the payment of the Bonds. No moneys of the City will be pledged or applied to the
repayment of the Bonds or make any representations with respect to the Bonds.
SECTION 3. This City Council, as the applicable elected representatives under Section
147(f) of the Code, approves the issuance of the Bonds by the Authority with respect to the
Project.
SECTION 4. That the City Council finds this Resolution is not subject to the California
Environmental Quality Act (CEQA) in that the activity is covered by the general rule that CEQA
applies only to projects, which have the potential for causing a significant effect on the
environment. Where it can be seen with certainty, as in this case, that there is no possibility that
the activity in question may have a significant effect on the environment, the activity is not
subject to CEQA.
SECTION 5. Severability. If any provision of this Resolution or the application thereof
to any person or circumstance is held invalid, such invalidity shall not affect other provisions or
applications, and to this end the provisions of this Resolution are declared to be severable.
SECTION 6. Effective Date. This Resolution shall become effective immediately.
Resolution No. 2019-277
APPROVED and ADOPTED by the City Mit m geed by the Mayor and attested
by the City Clerk this 40' day of September 2019. _u c 1/ 0
John Valdivia, Mayor
City of San Bernardino
Attest:
Georgeann a, MMC, City Clerk
Approved as to form:
1, 41-;�Iz-^ `J��117
Gary D. Saenz, City Attorney
Resolution No. 2019-277
CERTIFICATION
STATE OF CALIFORNIA)
COUNTY OF SAN BERNARDINO) ss
CITY OF SAN BERNARDINO)
I, Georgeann Hanna, MMC, City Clerk, hereby certify that the attached is a true copy of
Resolution No. 2019-277 adopted at a regular meeting held on the 40` day of September 2019 by
the following vote:
Council Members: AYES NAYS
SANCHEZ
FIGUEROA
SHORETT X
NICKEL
RICHARD)
MULVIHILL
ABSTAIN ABSENT
WITNESS my hand and official seal of the City of San Bernardino this 4h day of September
2019.
Georgeann, a, MMC, City Clerk
i