HomeMy WebLinkAboutR04-Economic Development Agency
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DBVBLOPMBNT DBP
OF TIlE CITY OF SAB BEll
MBMOIWUllJM
DEPuOCITY CLERK
CITY cLERK'S OFFICE
2nd Floor
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TO:
Honorable Chairman and Members
of the Community Development Commission
FROM:
KENNETH J. HENDERSON
Executive Director
SUBJECT:
SMART AlfD FIlW. SHOPPING CBBTBR (NORTHWEST CORNER OF BASBLIlU
STRBBT AlfD ARROWIIBAD AVDUB
DATE:
September 12, 1991
COPIES:
City Administrator; City Clerk; Administrator-EDA; File
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Attached please find a revised Community Development Commission agenda cover
sheet for the September 16, 1991 Commission meeting. The revised agenda cover
sheet incorporates resolutions relating to item number "4" of the agenda. The
attached resolutions were received Friday, September 13, 1991, the day after
the Redevelopment Committee recommended to the Commission approval of a loan
to the Galstian Family Trust (Smart and Final shopping center).
The resolutions should be considered along with the form motion at the time
the Community Development Commission addresses this item.
Please call me at extension 5081 should you require additional information or
clarification regarding this matter.
KBlIIlUTII J. ON, Executive Director
Development Depar ent
KJH:lab:016lE
attachments
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RESOLUTION NO.
RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE
CITY OF SAN BERNARDINO AUTHORIZING THE EXECUTION OF A LOAN
AGREEMENT WITH THE SAN BERNARDINO 30INT POWERS FINANCING
AUTHORITY.
WHEREAS, pursuant to the Community Development Law of the
State of California, (Health & Safety Code Section 33000, et
seq. ), the Redevelopment Agency of the City of San Bernardino (the
"Agency") is carrying out the Redevelopment Plan for the South
East Industrial Park Redevelopment Project Area (the "Project
Area"); and
11 WHEREAS, the Agency is authorized to invest funds not
12 immediately necessary for the implementation of the Redevelopment
13 Plan; and
14 WHEREAS, the Agency and the Authority desire to promote
o 15 redevelopment in the South East Industrial Park Redevelopment
16 Project Area in the City of San Bernardino; and
17 WHEREAS, the redevelopment of the Project Area would address
18 blighting influences within the vicinity of the Project Area and
19 throughout the City, and would substantially benefit the Project
20 Area and the community; and
21 WHEREAS, in order to effectuate the provisions of the
22 Redevelopment Plan of the South East Industrial Project Area, the
23 Agency proposes to loan and the Authority proposes to borrow Two
24 Hundred Forty Five Thousand Dollars ($245,000.00) pursuant to that
25 "Loan Agreement", a copy of which is attached hereto as Exhibit
26 "A" and is incorporated herein by reference;
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NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF SAN BERNARDINO AS FOLLOWS:
DAB/ses/Authorit.res
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September 12, 1991
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SECTION 1. The loan of funds pursuant to the Loan Agreement
is in the best interest of the Agency and will promote the public
health, safety and welfare.
SECTION 2. The Executive Director is hereby authorized to
execute the Loan Agreement on behalf of the Agency.
SECTION 3. This Resolution is rescinded if the parties to
the Agreement fail to execute it within sixty (60) days of the
passage of this resolution.
I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the Community Development Commission of the City of San
Bernardino at a meeting thereof, held on the
day of , 1991, by the fOllowing vote, to wit:
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September 12, 1991
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RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE
CITY OF SAN BERNARDINO AUTHORIZING THE EXECUTION OF A LOAN
AGREEMENT WITH THE SAN BERNARDINO JOINT POWERS FINANCING
AUTHORITY.
Commission Members:
AYES
~
ABSTAIN
ABSENT
ESTRADA
REILLY
HERNANDEZ
MAUDSLEY
MINOR
POPE-LUDLAM
MILLER
Secretary
The foregoing resolution is hereby approved this
day of , 1991.
W. R. HOLCOMB, Chairman
Community Development Commission
of the City of San Bernardino
Approved as to
form and legal content:
~~~/
ency Cou el
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September 12, 1991
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LOAN AGREEMENT
(AGENCY '1'0 AU'l'HORI'1'Y)
THIS AGREEMENT is entered into as of this
day of
JOINT POWERS
, 1991, by and between the SAN BERNARDINO
FINANCING AUTHORITY (the "Authori ty" ) and the
COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO
(the "Agency").
R Eel '1' A L S
A. WHEREAS, the Community Redevelopment Law (Health &
Safety Code, Section 33603) authorizes redevelopment agencies to
invest any money held in reserves or sinking funds, or any money
not required for immediate disbursement, in property or
securities; and
B. WHEREAS, there are presently available to the Agency
funds generated by the South East Industrial Park Redevelopment
Project (the "Project"), which may be invested; and
C. WHEREAS, the Authority desires to borrow funds from the
Agency;
NOW THEREFORE, the Authority and the Agency agree as
follows:
1. The Agency agrees to loan Two Hundred Forty Five
Thousand Dollars ($245,000.00) to the Authority on
1991. The Authority shall, in consideration of such loan, be
obligated to pay to the Agency the amount of Two Hundred Forty
Five Thousand Dollars ($245,000.00) (the "Loan Amount"), plus
interest accruing at the rate of (___i) on or before
, 1991 provided that at the option of the Agency said
loan may be extended for successive one year periods.
DAB/ses/Loan.agr
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September 13, 1991
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LOAN AGREEMEN'l'
(AGENCY '1'0 AU'1'BORITY)
2. This Agreement shall be effective as of the day and
date first above shown.
SAN BERNARDINO JOINT POWERS
FINANCING AUTHORITY
By:
W.R. HOlcomb, Chairman
ATTEST:
By:
Secretary
Approved as to form
and legal content:
BY:~M ./
./ Autho l:y Counsel
COMMUNITY DEVELOPMENT COMMISSION OF
THE CITY OF SAN BERNARDINO
By:
ATTEST:
W.R. Holcomb, Chairman
By:
Secretary
Approved as to form
and legal content:
B~jl~
Ag ncy Counsel
DAB/ses/Loan.agr
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September 13, 1991
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1 RESOLUTION NO.
2 RESOLUTION OF THE SAN BERNARDINO JOINT POWERS FINANCING
AUTHORITY, AUTHORIZING THE EXECUTION OF A LOAN AGREEMENT WITH THE
3 COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO.
4 WHEREAS, pursuant to the Community Development Law of the
5 State of California, (Health & Safety Code Section 33000, et
6 seq. ) ., the Redevelopment Agency of the City of San Bernardino
7 (the" Agency") is carrying out the Redevelopment Plan for the
8 Uptown Redevelopment Project Area (the "Project Area"); and
9
WHEREAS, pursuant to Health and Safety Code 533601, the
10 Agency is authorized to borrow funds for the Project Area; and
11 WHEREAS, the Agency and the Authority desire to promote
12 redevelopment in the Project Area in the City of San Bernardino;
13 and
14 WHEREAS, the redevelopment of the Project Area would address
c:J 15 blighting influences within the vicinity of the Project Area and
16 throughout the City, and would substantially benefit the Project
17 Area and the community; and
18 WHEREAS, in order to effectuate the provisions of the Uptown
19 Project Area Redevelopment Plan, the Authority proposes to loan
20 and the Agency proposes to borrow Two Hundred Forty Five Thousand
21 Dollars ($245,000.00) pursuant to that "Loan Agreement", a copy of
22 which is attached hereto as Exhibit "A" and is incorporated herein
23 by reference;
24 NOW THEREFORE, the Authority does hereby find, determine,
25 order and resolve as follows:
26
SECTION 1. The loan of funds pursuant to the Loan Agreement
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27 is in the best interests of the Authority and will promote the
28 public health, safety and welfare.
DAB/ses/Loan2.res
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September 12, 1991
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13 REILLY
14 HERNANDEZ
15 MAUDSLEY
16 MINOR
17 POPE-LUDLAM
18 MILLER
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RESOLUTION...AUTHORIZING THE EXECUTION OF A LOAN AGREEMENT...
SECTION 2. The Chairman is hereby authorized to execute the
Loan Agreement on behalf of the Authority.
SECTION 3. This resolution is rescinded if the parties to
the agreement fail to execute it within sixty (60) days of the
passage of this resolution.
I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the San Bernardino Joint Powers Financing Authority at
a
meeting thereof, held on the
, 1991, by the following vote, to wit:
day
of
Council Members:
AYES
NAYS
ABSTAIN ABSENT
ESTRADA
of
Secretary
The foregoing resolution is hereby approved this
, 1991.
day
w. R. Holcomb, Chairman
San Bernardino Joint Powers
Financing Authority
Approved as to
~orm and le al ontent:
By'~~
Au ority Counsel
DAB/ses/Loan2.res
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September 12, 1991
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LOAN AGREEMEN'l'
(AUTHORXTY TO AGENCY)
THIS AGREEMENT is entered into as of this
day of , 1991, by and between the SAN BERNARDINO
JOINT POWERS FINANCING AUTHORITY (the "Authori ty" ) and the
COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO
(the "Agency").
R Eel TAL S
A. WHEREAS, the Community Redevelopment Law (Health &
Safety Code, Section 33601) authorizes redevelopment agencies to
borrow funds for project areas; and
B. WHEREAS, there are presently available to the Authority
funds which are available for loan to the Agency; and
C. WHEREAS, the Agency desires to borrow funds from the
Authority for the Uptown Redevelopment Project Area ("The Project
Area");
NOW THEREFORE, the Authority and the Agency agree as
follows:
1. The Authority agrees to loan Two Hundred Forty Five
Thousand Dollars ($245,000.00) to the Agency on
, 1991.
The Agency shall, in consideration of such loan, be obligated to
pay to the Authority the amount of Two Hundred Forty Five Thousand
Dollars ($245,000.00) (the "Loan Amount"), plus interest accruing
at the rate of (_t) on or before , 1991
provided that at the option of the Authority said loan may be
extended for successive one year periods.
III
III
DAB/ses/Loan2.agr
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September 13, 1991
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LOAN AGREEMEN'l' RE: JOIN'l' POWERS FINANCING AUTHORITY AND THE
COMMUNITY DEVELOPMBN'l' COMMISSION
2. This Agreement shall be effective as of the day and
date first above shown.
SAN BERNARDINO JOINT POWERS
FINANCING AUTHORITY
By:
W.R. HOlcomb, Chairman
ATTEST:
By:
Secretary .
Approved as to form
and legal content:
BY:~/
./ Autho Counsel
COMMUNITY DEVELOPMENT COMMISSION OF
THE CITY OF SAN BERNARDINO
By:
ATTEST:
W.R. Holcomb, Chairman
By:
Secretary
Approved as to form
and legal content:
~~/
Ag Y Counsel
DAB/ses/Loan2.agr
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September 13, 1991
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RESOLUTION NO.
RESOLUTION OF THE SAN BERNARDINO JOINT POWERS FINANCING
AUTHORITY, AUTHORIZING THE EXECUTION OF A LOAN AGREEMENT WITH THE
COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO.
WHEREAS, pursuant to the Community Development Law of the
State of California, (Health & Safety Code Section 33000, et
seq.)., the Redevelopment Agency of the City of San Bernardino
(the "Agency") is carrying out the Redevelopment Plan for the
South East Industrial Park Redevelopment Project Area (the
"Project Area"); and
WHEREAS, the Agency is authorized to invest funds not
immediately necessary for the implementation of the Redevelopment
Plan; and
WHEREAS, the Agency and the Authority desire to promote
redevelopment in the Project Area in the City of San Bernardino;
and
WHEREAS, the redevelopment of the Project Area would address
blighting influences within the vicinity of the Project Area and
throughout the City, and would substantially benefit the Project
Area and the community; and
WHEREAS, in order to effectuate the provisions of the South
East Industrial Park Project Area Redevelopment Plan, the Agency
proposes to loan and the Authority proposes to borrow Two Hundred
Forty Five Thousand Dollars ($245,000.00) pursuant to that "Loan
Agreement", a copy of which is attached hereto as Exhibit "A" and
is incorporated herein by reference;
NOW THEREFORE, the Authority does hereby find, determine,
o
27 order and resolve as follows:
28 III
DAB/ses/Loan.res
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September 12, 1991
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1 SECTION 1. The loan of funds pursuant to the Loan Agreement
2 is in the best interests of the Authority and will promote the
3 public health, safety and welfare.
4 SECTION 2. The Chairman is hereby authorized to execute the
5 Loan Agreement on behalf of the Authority.
6 SECTION 3. This resolution is rescinded if the parties to
7 the agreement fail to execute it within sixty (60) days of the
8 passage of this resolution.
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September 12, 1991
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11 MAUDSLEY
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13 POPE-LUDLAM
14 MILLER
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RESOLU'l'J:ON OP THE SAN BERNARDJ:NO JOJ:N'l' POWERS PJ:NANCJ:NG
AUTHORJ:TY, AUTHORJ:ZJ:NG THE DECU'l'J:ON OP A LOAN AGREEMENT WJ:TB THE
COMMUNJ:TY DEVELOPMBN'r COMMJ:SSJ:ON OP THE CJ:TY OP SAN BERNARDJ:NO.
I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the San Bernardino Joint Powers Financing Authority at
a
meeting thereof, held on the
, 1991, by the following vote, to wit:
day
of
Council Members:
AYES
NAYS
ABSTAIN ABSENT
ESTRADA
REILLY
Secretary
The foregoing resolution is hereby approved this
day
of
, 1991.
W. R. Holcomb, Chairman
San Bernardino Joint Powers
Financing Authority
Approved as to
form and legal content:
BY:~ J
t/ Autho ty Counsel
DAB/ses/Loan.res
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September 12, 1991
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LOAN AGREBMER'1'
(AGENCY TO AUTRORIT'lr)
THIS AGREEMENT is entered into as of this
day of , 1991, by and between the SAN BERNARDINO
JOINT POWERS FINANCING AUTHORITY (the "Authori ty" ) and the
COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO
(the "Agency").
RECITALS
A. WHEREAS, the Community Redevelopment Law (Health &
Safety Code, Section 33603) authorizes redevelopment agencies to
invest any money held in reserves or sinking funds, or any money
not required for immediate disbursement, in property or
securities; and
B. WHEREAS, there are presently available to the Agency
funds generated by the South East Industrial Park Redevelopment
Project (the "Project"), which may be invested; and
C. WHEREAS, the Authority desires to borrow funds from the
Agency;
NOW THEREFORE, the Authority and the Agency agree as
follows:
1. The Agency agrees to loan Two Hundred Forty Five
Thousand Dollars ($245,000.00) to the Authority on ,
1991. The Authority shall, in consideration of such loan, be
obligated to pay to the Agency the amount of Two Hundred Forty
Five Thousand Dollars ($245,000.00) (the "Loan Amount"), plus
interest accruing at the rate of (___t) on or before
, 1991 provided that at the option of the Agency said
loan may be extended for successive one year periods.
DAB/ses/Loan.agr 1 September 13, 1991
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LOAN AGREEMEN'l'
(AGENCY TO AUTHORITY)
2. This Agreement shall be effective as of the day and
date first above shown.
SAN BERNARDINO JOINT POWERS
FINANCING AUTHORITY
By:
W.R. Holcomb, Chairman
ATTEST:
By:
Secretary
Approved as to form
and legal content:
By: ~~.&,,-..J
./ Auth ty Counsel
COMMUNITY DEVELOPMENT COMMISSION OF
THE CITY OF SAN BERNARDINO
By:
ATTEST:
W.R. Holcomb, Chairman
By:
Secretary
Approved as to form
and legal content:
BY:~J
l./ Agen Counsel -
DAB/ses/Loan.agr
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September 13, 1991
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RESOLUTION NO.
RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE
CITY OF SAN BERNARDINO AUTHORIZING THE EXECUTION OF A LOAN
AGREEMENT WITH THE SAN BERNARDINO JOINT POWERS FINANCING
AUTHORITY.
WHEREAS, pursuant to the Community Development Law of the
State of California, (Health & Safety Code Section 33000, et
seg. ), the Redevelopment Agency of the City of San Bernardino (the
"Agency") is carrying out the Redevelopment Plan for the Uptown
Redevelopment Project Area (the "Project Area"); and
WHEREAS, pursuant to Health and Safety Code 533601, the
Agency is authorized to borrow funds for the Project Area; and
WHEREAS, the Agency and the Authority desire to promote
redevelopment in the Uptown Park Redevelopment Project Area in the
City of San Bernardino; and
WHEREAS, the redevelopment of the Project Area would address
blighting influences within the vicinity of the Project Area and
throughout the City, and would substantially benefit the Project
Area and the community; and
WHEREAS, in order to effectuate the provisions of the
Redevelopment Plan of the Uptown Project Area, the Authority
proposes to loan and the Agency proposes to borrow Two Hundred
Forty Five Thousand Dollars (S245,000.00) pursuant to that "Loan
Agreement", a copy of which is attached hereto as Exhibit "A" and
is incorporated herein by reference;
NOW, THEREFORE, BE IT RESOLVED BY THE'COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF SAN BERNARDINO AS FOLLOWS:
III
III
DAB/ses/Authori2.res
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September 12, 1991
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SECTION 1. The borrowing of funds pursuant to the Loan
Agreement is in the best interest of the Agency and will promote
the public health, safety and welfare.
SECTION 2. The Executive Director is hereby authorized to
execute the Loan Agreement on behalf of the Agency.
SECTION 3. This Resolution is rescinded if the parties to
the Agreement fail to execute it within sixty (60) days of the
passage of this resolution.
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III
DAB/ses/Authori2.res
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September 12, 1991
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1 RESOLUTION...AUTHORIZING THE EXECUTION OF A LOAN AGREEMENT...
I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the Community Development Commission of the City of San
Bernardino at a
meeting thereof, held on the
, 1991, by the fOllowing vote, to wit:
day of
Commission Members:
AYES
NAYS
ABSTAIN
ABSENT
ESTRADA
REILLY
HERNANDEZ
MAUDSLEY
MINOR
POPE-LUDLAM
MILLER
Secretary
The foregoing resolution is hereby approved this
day of
, 1991.
W. R. HOLCOMB, Chairman
Community Development Commission
of the City of San Bernardino
Approved as to
form and legal content:
By./J~A._Af>I/2, 12 .J
YA~~1'Zn~
DAB/ses/Authori2.res
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September 12, 1991
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LOAN AGREBMEN'l'
(AUTHORITY TO AGENCY)
THIS AGREEMENT is entered into as of this
day of
, 1991, by and between the SAN BERNARDINO
JOINT POWERS FINANCING AUTHORITY (the "Author! ty" ) and the
COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO
(the "Agency").
R Eel TAL S
A. WHEREAS, the Community Redevelopment Law (Health &
Safety Code, Section 33601) authorizes redevelopment agencies to
borrow funds for project areas; and
B. WHEREAS, there are presently available to the Authority
funds which are available for loan to the Agency; and
C. WHEREAS, the Agency desires to borrow funds from the
Authority for the Uptown Redevelopment Project Area ("The Project
Area" ) ;
NOW THEREFORE, the Authori ty and the Agency agree as
follows:
1. The Authority agrees to loan Two Hundred Forty Five
Thousand Dollars ($245,000.00) to the Agency on
, 1991.
The Agency shall, in consideration of such loan, be obligated to
pay to the Authority the amount of Two Hundred Forty Five Thousand
Dollars ($245,000.00) (the "Loan Amount"), plus interest accruing
at the rate of
(___%) on or before
, 1991
provided that at the option of the Authority said loan may be
extended for successive one year periods.
III
III
DAB/ses/Loan2.agr
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September 13, 1991
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LOAN AGREEMENT RB: JOXN'1' POWERS FXNANCXNG AUTRORI'l'Y AND THE
COMMUNI'l'Y DEVELOPMEN'1' COMMISSION
2. This Agreement shall be effective as of the day and
date first above shown.
SAN BERNARDINO JOINT POWERS
FINANCING AUTHORI'l'Y
By:
W.R. Holcomb, Chairman
ATTEST:
By:
Secretary
Approved as to form
and legal content:
By: a.NAfU~ J
",/~u'fh~~ Counsel
COMMUNITY DEVELOPMENT COMMISSION OF
THE CITY OF SAN BERNARDINO
By:
ATTEST:
W.R. Holcomb, Chairman
By:
Secretary
Approved as to form
and legal content:
BY:~~/
...... Agen Counsel
DAB/ses/Loan2.agr
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September 13, 1991
LID