HomeMy WebLinkAbout1981-018 Approving Underwriter for Issuance of Industrial Development Revenue Bonds for a Certain Project1
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RESOLUTION NO.
RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BER-
NARDINO APPROVING AN UNDERWRITER FOR THE ISSUANCE OF INDUSTRIAL DEVELOPMENT
REVENUE BONDS FOR A CERTAIN PROJECT.
WHEREAS, pursuant to Resolution Nos. 80-100 and 80-125 this Mayor
and Common Council has approved the issuance of Industrial Development
Revenue Bonds for the purposes of financing a commercial office building
to be located at the corner of 6th and "D" Streets in the City. of San
Bernardino, including the land necessary therefor and for the providing
of parking spaces for the use and convenience of the tenants of and visitors
to said building; and
WHEREAS, the application has selected Gibralco, Inc., as underwirter
for said bonds.
NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BER-
NARDINO DO HEREBY FIND, RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
Section 1. That Gibralco, Inc., is hereby approved as the under-
writer for the issuance of the Industrial Development Revenue Bonds re-
ferred to in the recitals hereof, which will be in the principal amount
of approximately Eight Million Two Hundred Fifty Thousand Dollars
($8 ,250, 000) .
I HEREBY CERTIFY that the foreing resolution was duly adopted by
the Mayor and Common Council of the City of San Bernardino at an
meeting thereof, held on the /:j day of 4/Z
1981, by the following vote, to -wit:
Ayes: Councilmen
Nays:
ft
Absent:
city Clerk
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The. -foregoing resolution is hereby approved this ;: day
of
Approved as to form:
City At orney
, 1981.