HomeMy WebLinkAbout1981-024 Approving Issuance by Redevelopment Agency of...State College Project No 4 Tax Allocation REfunding Bonds Issue 1981 Series BSan. Bernardino
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RESOLUTION NO.
RESOLUTION OF THE MAYOR AND COMMON COUNCIL
OF THE CITY OF SAN BERNARDINO, CALIFORNIA,
APPROVING THE ISSUANCE BY THE REDEVELOPMENT
AGENCY OF THE CITY OF SAN BERNARDINO OF ITS
$4,800,000 REDEVELOPMENT AGENCY OF THE CITY
OF SAN BERNARDINO, STATE COLLEGE PROJECT
NO. 4, TAX ALLOCATION REFUNDING BONDS, ISSUE
OF 1981, SERIES B, AND MAKING CERTAIN
DETERMINATIONS RELATING 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 business 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, the Redevelopment Plan for a redevelopment
project known and designated as the "State College Project No.
4" has been adopted and approved by Ordinance No. 3067 of the
City of San Bernardino, which became effective on May 29,
1970, and all requirements of law for and precedent to the
adoption and approval of the Redevelopment Plan have been duly
complied with; and
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WHEREAS, the Agency has adopted Resolution No.
/3D entitled:
; and
"RESOLUTION OF THE REDEVELOPMENT AGENCY OF
CITY OF SAN BERNARDINO AUTHORIZING THE
ISSUANCE OF $4,800,000 PRINCIPAL AMOUNT
OF TAX ALLOCATION REFUNDING BONDS OF SAID
AGENCY TO REFUND PREVIOUSLY ISSUED BONDS
ISSUED FOR A REDEVELOPMENT PROJECT KNOWN
AS STATE COLLEGE PROJECT NO. 4"
WHEREAS, under and pursuant to the above Reso-
lution, the Agency has authorized the issuance and sale of
$4,800,000 Redevelopment Agency of the City of San Bernardino,
State College Project No. 4, Tax Allocation Refunding Bonds,
Issue of 1981, 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 $4,800,000 principal amount of "Redevelopment
Agency of the City of San Bernardino, State College Project
No. 4, Tax Allocation Refunding Bonds, Issue of 1981, Series
B," for the corporate purposes of the Agency aiding in the
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financing of the State College Project No. 4, and for other
purposes related thereto, all of which constitute a "redevelop-
ment activity", as such term is defined in Health and Safety
Code Section 33678, is hereby authorized and approved.
Section 2. Effective Date.
take effect upon adoption.
This Resolution shall
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I HEREBY CERTIFY that the foregoing Resolution was
duly adopted by the Mayor and Common Council of the City of
San Bernardino at a meeting thereof, held on the
day of ', , 1981, by the following vote, to
wit: t
AYES: Councilmen: _ r`
LL
NAYS: Ar
ABSENT.-- _ ( rr sfiirt�rt r: i_(,J t. --
�r
City Clerk
The" -foregoing Resolution is hereby approved this
_ day of , 1981.
APPROVED AS TO FORM:
City A orney
yor of the City of San Bernardino
P21 (ap)
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