HomeMy WebLinkAbout1981-004 Relating to No Future Hospital Financing Issues for LLUMC1
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RESOLUTION NO. Z l t
RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN
BERNARDINO RELATING TO NO FUTURE HOSPITAL FINANCING ISSUES FOR LOMA LINDA
UNIVERSITY MEDICAL CENTER.
IT IS HEREBY RESLOVED, DETERMINED AND ORDERED BY THE MAYOR AND
COMMON COUNCIL OF THE CITY OF SAN BERNARDINO AS FOLLOWS:
Section 1. At its meeting of even date herewith the Mayor and
Common Council adopted certain documents for the issuance of City of San
Bernardino, California, Hospital Revenue Bonds (Loma Linda University
Medical Center Project) Series 1981 in an amount not to exceed $27,500,000.
Section 2. Said documents mentioned in Section No. 1 provide for the
issuance of additional bonds if authorized by the City.
Section 3. Said documents shall not commit the City to the issuance
of such additional bonds.
Section 4. The Mayor is hereby authorized and directed to inform
Loma Linda University Medical Center of this action of the Mayor and
Common Council.
I HEREBY CERTIFY that the foregoing resolution was duly adopted by
the Mayor and Common Council of the City of n Bernardino at a
meeting thereof, held on the day of l' r, 1981, by the
following vote, to -wit:
AYES: Councilmen ;'./ `, %.y.s .�� V "I:
NAYS: !' .sI"W, '14
ABSENT: ` r
City Clerk
e foregoing resolution is hereby approved this day
of 1981.
Mayor of he Ci of San Bern ino
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Approved as to form:
ity Atto ey