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Home My WebLink About03-06-1986 Minutes City of San Bernardino, California March 6, 1986 This is the time and place heretofore set for an Adjourned Regular Meeting of the Mayor and Common Council of the City of San Bernardino at their Regular Meeting held at 9:16 a.m., on Monday, March 3, 1986 and recessed to 8:05 a.m., Tuesday, March 4,1986, in the Council Chambers of City Hall, 300 North "0" Street, San Bernar- dino, California. The City Clerk has caused to be posted the Order of Adjournment of said meeting held at 9:16 a.m., Monday, March 3, 1986, and has on file in the Office of the City Clerk an Affidavit of said posting together with a copy of said Order which was posted at 2:45 p.m.,on Tuesday, March 4, 1986, in the Redevelopment Agency Board Room, Third Floor, City Hall, 300 North "0" Street, San Bernardino, California. The Adjourned Regular Meeting of the Mayor and Common Council was called to order by Mayor wilcox at 1:40 p.m., Thursday, March 6, 1986, in the Redevelopment Agency Board Room, Third Floor, City Hall, 300 North "0" Street, San Bernardino, California. ROLL CALL Roll Call was taken by Deputy City Clerk Reese with the following being present: Mayor Wilcox; Council Mem- bers Estrada, Reilly, Hernandez, Strickler; Sr. Assistant City Attorney Briggs, Deputy City Clerk Reese, Acting City Administrator Schweitzer. Absent: Council Members Marks, Quiel, Frazier. SEWER REVENUE REFUNDING BONDS, ISSUE OF 1986 In a memorandum dated March 6, 1986, Timothy J. Sabo, Bond Counsel, explained that the bid opening for the $2,600,000 City of San Bernardino, California, Sewer Reve- nue Refunding Bonds, Issue of 1986 (Wastewater Treatment Plant Project) was held on March 6, 1986, at 11:00 a.m., at Security Pacific National Bank, 333 South Beaudry Ave- nue, Los Angeles, California. Six bids were received. The winning bid of Bear, Stearns & Co., Inc. offered a net interest cost of 6.4782%. Mr. Sabo stated that it is anticipated that a closing will occur on March 14, 1986, so that the payment in full of the 1984 Notes on their maturity date of March 15, 1986, can be accomplished. (1, 2) Craig Graves, City Treasurer, answered questions and explained the results of the bidding, and provisions of the two resolutions that are being presented today. He spoke of the interest cost of 6.4782% as being very favor- able for the City. Timothy Sabo, Bond Counsel, answered questions and explained the changes requested by the insurance company in the second resolution being presented (Res. 86-79). He stated that the acceleration clause on pages 40-41 of Exhibit "A" of said resolution would be deleted. RES. 86-78 - RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNAR- DINO, CALIFORNIA, AWARDING $2,600,000 PRIN- CIPAL AMOUNT OF CITY OF SAN BERNARDINO, SEWER REVENUE REFUND I NG BONDS, I SS UE OF 1986 (WASTEWATER TREATMENT PLANT PROJECT) (1) Deputy Ci ty Clerk Reese read the ti tie of the resolution. Council Member Hernandez made a motion, seconded by Council Member Strickler and unanimously carried, that further reading of the resolution be waived and said reso~ lution be adopted. Resolution No. 86-78 was adopted by the following vote: Ayes: Council Members Estrada, Reilly, Hernandez, Strickler. Noes: None. Absent: Council Members Marks, Quiel, Frazier. RES. 86-79 - RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNAR- DINO, CALIFORNIA, AMENDING RESOLUTION NO. 86-40 WHICH AMENDS RESOLUTION 83-93 AND WHICH AUTHOR I ZES THE ISSUANCE OF SEWER REVENUE REFUNDING BONDS, ISSUE OF 1986, (WASTEWATER TREATMENT PLANT PROJECT), OF SAID CITY AND PROVIDES THE TERMS AND CONDI- TIONS FOR THE ISSUANCE OF SAID REFUNDING BONDS TO MAKE TECHNICAL CHANGES. (2) Deputy City Clerk Reese read the title of the resolution. Council Member Hernandez made a motion, seconded by Council Member Strickler and unanimously carried, that further reading of the resolution be waived and said reso- lution be adopted. Resolution No. 86-79 was adopted by the following vote: Ayes: Council Members Estrada, Reilly, Hernandez, Strickler. Noes: None. Absent: Council Members Marks, Quiel, Frazier. AUTHORIZATION - RESURFACE CITY AND COUNTY PORTIONS OF PUMALO - STERLING TO DEL ROSA In a memorandum dated February 14, 1986, Manuel P. Moreno, Jr., Director, Public Services, explained the background of the request to resurface City and County portions of Pumalo from Sterling to Del Rosa. He also submitted a copy of a letter from Michael G. Walker, Director, Transportation/Flood Control/Airports, dated February 12, 1986, and documents relating to the cost of the proposed project. Council Member Strickler made a motion, seconded by Council Member Estrada and unanimously carried, that the Department of Public Services be authorized to resurface City and County portions of Pumalo from Sterling to Del Rosa Avenue with the City to act as the Lead Agency. The County will reimburse the City for their portion. AMERICAN LEGION CONVENTION - SAN BERNARDINO AS SITE - 1987 In a memorandum dated March 6, 1986, Mayor Wilcox explained that San Bernardino has the opportunity to be the site for the 1987 National American Legion Convention, which draws up to five thousand participants. This could bring significant financial gains through sales tax and bed tax revenue to the City. Mayor wilcox requested that the Council consider, in principal, the facilitation of this conference. The Convention planners have requested financial assistance, in the estimated amount of $16,000 to help defray expenses which would reduce the partici- pant's cost and encourage more individuals to attend. 2 3/6/86 Mayor Wilcox explained that the National Orange Show is being considered as the site for the meetings to be held during the convention, which would center the conven- tion activity in this City, although motel and hotel arrangements would have to be extended to other cities, such as Colton, Redlands and Riverside. Mayor wilcox stated she was meeting with Mr. Brosmer of the National Orange Show in the afternoon and would have more informa- tion after that meeting. The Mayor and Council discussed the ramifications of hosting the Convention in San Bernardino. Council Member Hernandez made a motion, seconded by Council Member Estrada and unanimously carried, to make a commitment, in concept, to host the American Legion Con- vention in 1987. ADJOURNMENT At 2:02 p.m., Council Member Estrada made a motion, seconded by Council Member Hernandez and unanimously car- ried, that the meeting be adjourned to 9:00 a.m., Thursday, March 13, 1986, in the Council Chambers of City Hall, 300 North "0" Street, San Bernardino, California. ia ) !...~. ,'iPU4.J '.LdC Deputy City Clerk 3 3/6/86