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HomeMy WebLinkAboutR4-Redevelopment Agency REl .VELOPMENT AGENCY-R" lUEST FOR ( lMMISSION/COUNCIL A( ION Subject: SISTERS OF CHARITY-IDB REFUNDING From: Glenda Saul, Executive Director .Jt: Redevelopment Agency Date: January 12,1987 Synopsis of Previous Commission/Council action: 6/21/82 11/22/82 11/22/82 11/22/82 11/22/82 12/8/86 12/8/86 12/22/86 Resolution 82-269 authorizing approval of bond application. Income Families Ordinance MC-226-amending Ordinance 13815 relating to financing. Resolution 82-475 authorizing approval of trust indenture. Resolution 82-476 authorizing approval of a loan agreement. MC-225 established a home financing program for low and moderate income housing. Resolution 86-483 authorizing acceptance of contract for legal services for bond refunding. Resolution 86-484 approving preliminary official statement. Resolution 86-525 set REFRA Public Hearing for 1-19-87 Recommended motion: (MAYOR & COMMON COUNCIL) Open Public Hearing Close Public Hearing a) MOVE TO ADOPT RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO, CALIFORNIA, APPROVING THE ISSUANCE OF ITS "CITY OF SAN BERNARDINO, CALIFORNIA, SCH HEALTH CARE SYSTEM REVENUE BONDS (SISTERS OF CHARITY OF THE INCARNATE WORD, HOUSTON, TEXAS), SERIES 1987A,"FOR THE PURPOSE OF REFUNDING CERTAIN OUTSTANDING BONDS, SERIES 1983A, MAKING CERTAIN FINDINGS AND DETERMINATION IN CONNECTION THEREWITH. ~J/uJ Signature Continued on Next Page Contact person: Glenda Saul Phone: 383-5081 2nd Ward: P. N/A rOJect: Date: January 19, 1987 YES Supporting data attached: IDB Refunding FUNDING REQUIREMENTS: Amount: $ Council Notes: No adverse I mpact on City: 'J0l 'Jr.! TAT 01/19/87 Agenda I tern Not ~I CONTINUED FROM PAGE 1 RECOMMENDED MOTION: (MAYOR & COMMON COUNCIL) b) MOVE TO ADOPT RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO, CALIFORNIA, APPROVING A CERTAIN TRUST INDENTURE WHICH CREATES A TRUST ESTATE AND MAKES CERTAIN PROVISIONS THEREFOR, AND WHICH AUTHORIZES THE ISSUANCE OF ITS "CITY OF SAN BERNARDINO, CALIFORNIA, SCH HEALTH CARE SYSTEM REVENUE BONDS (SISTERS OF CHARITY OF THE INCARNATE WORD, HOUSTON, TEXAS), SERIES 1987,"FOR THE PURPOSE OF REFUNDING CERTAIN OUTSTANDING BONDS, SERIES 1983A, MAKING CERTAIN FINDINGS AND DETERMINATIONS IN CONNECTION THEREWITH, APPROVING A CERTAIN LOAN AGREEMENT WITH SISTERS OF CHARITY OF THE INCARNATE WORD, HOUSTON, TEXAS, SOLE CORPORATE MEMBER OF ST. BERNARDINE HOSPITAL OF SAN BERNARDINO, APPROVING A BOND PURCHASE AGREEMENT AND AUTHORIZING ITS EXECUTION, APPROVING A PRELIMINARY OFFICIAL STATEMENT AND AUTHORIZING ITS USE AND AUTHORIZING A FINAL OFFICIAL STATEMENT AND DIRECTING ITS EXECUTION, AND AUTHORIZING SUCH FURTHER ACTION AS MAY BE NECESSARY TO CONCLUDE THE ISSUANCE, SALE AND DELIVERY OF SUCH BONDS. 2012G/JAT 01/19/87 REL ~VELOPMENT AGENCY.R. .KJEST FOR l )MMISSION/COUNCIL A~...ON STAFF REPORT Staff is recommending adoption of the two attached resolutions. Resolution a) Approving the Issuance and Resolution b) approving the Trust Indenture, Loan Agreement, Bond Purchase Agreement and Preliminary Official Statement. BACKGROUND On November 20, 1986, staff received a recommendation from the Redevelopment Committee for approval of the Sister's of Charity of the Incarnate Word, Houston, Texas (SCH) bond refunding request for the previously funded 1983 bond issue. Additionally, on December 8, 1986, your Honorable Body authorized a contract for legal services with James Warren Beebe for said bond refunding, as well as approving a Preliminary Official Statement and authorizing its use in connection with the prospective issuance. On December 22, 1986 the Public Hearing was scheduled for January 19, 1987. The following is a recap of SCH's application and their proposed funding: PRINCIPALS: SHC - a non-profit corporation - approximately 17 health care institutions in five (5) states, an aggregate of 4,863 licensed beds. SCH controls 9 affiliates, including St. Bernardine Hospital, San Bernardino, California, a non-profit corporation. PROJECT & LOCATION: City of San Bernardino. Additions to health facilities. FUNDING: $29,900,000 (32 years) Series 1982B Bonds to be sold to Underwood, Neuhaus & Co., Inc., and Merrill Lynch White Weld Capital Markets Group. TRUSTEE: Texas Commerce Bank, National Association, Houston, Texas. INTEREST RATE: Interest - estimated 9.75%. ESTIMATED JOBS: Approximately 100 RESERVE & DEVELOPMENT FUND : 1% of $29,900,000 = $299,000. Sister's of Charity Benefits Achieving a lower bond interest rate. City Benefits The City will see continued growth in economic development upon the transfer of the required bond issue, 1% IDB Reserve and Development fee ($299,000) from the Agency to the Economic Development Council. 20l2G/JAT 01/19/87 REDEVELOPMENT AGENCY .R~EST FOR COMMISSION/COUNCIL ActiON STAFF REPORT There will be no impact of the City's IDB allocation under the new 1986 Tax Act, as the refunding bonds would be issued under the original Inducement Resolution. All costs of said bond refunding will be incurred by the Sister's of Charity from the provided bond refunding Cost of Issuance. Resolution (a) approves the Issuance Resolution (b) approves the : . Trust Indenture . Loan Agreement . Bond Purchase Agreement . Preliminary Official Statement 2012G/JAT 01/19/87 -- F:;::m Bernardino 60,009-59-2 RESOLUTION NO. 86- RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO, CALIFORNIA, APPROVING THE ISSUANCE OF ITS "CITY OF SAN BERNARDINO, CALIFORNIA, SCll HEALTH CARE SYSTEM REVENUE BONDS (SISTERS OF CHARITY OF THE INCARNATE WORD, HOUSTON, TEXAS), SERIES 1987A," FOR THE PURPOSE OF REFUND- ING CERTAIN OUTSTANDING BONDS, SERIES 1983A; MAKING CERTAIN FINDINGS AND DETERMINATIONS IN CONNECTION THEREWITH. (SISTERS OF CHARITY OF THE INCARNATE WORD, HOUSTON, TEXAS, SOLE CORPORATE MEMBER OF ST. BERNARDINE HOSPITAL OF SAN BERNARDINO) WHEREAS, the City of San Bernardino (the "City") is a "home rule city" duly organized and existing under and pursuant to a Charter adopted under the provisions of the Constitution of the State of California; and WHEREAS, pursuant to its home rule powers, the City duly and regularly enacted Ordinance No. 3815, as amended, (the "Ordinance") to finance various types of projects, as defined in the Ordinance, and to issue its special revenue bonds for the purpose of paying the cost of financing such projects; and WHEREAS, there was filed with the City an Applica- tion (the "Application") pursuant to the provisions of the Ordinance by sisters of Charity of the Incarnate Word, Houston, Texas, Sole Corporate Member of st. Bernardine -1- 00100:517.7 12-09-86 (JWB:ld) J! I//~ f!-~7-t ct- ~"'n Bernardino 60,009-59-2 Hospital of San Bernardino, (referred to herein as the "Company" or "sisters of Charity Hospital") requesting the issuance of revenue bonds for the purpose of financing the cost and expense of: (i) additions to and improvements of its hospital facilities as more particularly described in said Application; and (ii) the refinancing of certain outstanding obligations of said sisters of Charity Hospital; and WHEREAS, the Application was reviewed and the plan of financing was found to comply with the spirit, intent and provisions of the Ordinance, as amended, and the city determined to proceed with the financing; and WHEREAS, the refinancing of certain outstanding obligations of said sisters of Charity Hospital was accom- plished in a different manner and the final financing furnished funds for additions to and improvements of its hospital facilities; and WHEREAS, for the above purpose, the city issued its $29,900,000 city of San Bernardino, california, SCH Health Care System Revenue Bonds (Sisters of Charity of the Incarnate Word, Houston, Texas) Series 1983A (the "Bonds, Series 1983A") and the same are presently outstanding; and -2- 00100:517.7 12-09-86 (JWB:ld) ~. . n Bernardino 60,009-59-2 WHEREAS, the sisters of Charity Hospital has requested that the City participate in a refunding of the outstanding Bonds, Series 1983A, through the issuance of its City of San Bernardino, California, SCH Health System Revenue Bonds (Sisters of Charity of the Incarnate Word, Houston, Texas) Series 1987A (the "Bonds, Series 1987A"); and WHEREAS, Ordinance No. 3815, as amended, provides for such a refunding; and WHEREAS, the Internal Revenue Code of 1986 (the "Code") requires that the issuance of the Bonds, Series 1987A be approved by an elected representative of the City after a public hearing; and WHEREAS, the City Clerk has caused notice of such Hearing to be published once (giving at least fourteen days' notice) and has reported to the Mayor and Common Council that such notice has been duly and regularly given; and WHEREAS, the subject matter of the Hearing was the proposed assistance by the city of the refunding of the Bonds, Series 1983A, in an amount not to exceed $40,000,000; and -3- 00100:517.7 12-09-86 (JWB:ld) Si'ln Bernardino 60,009-59-2 WHEREAS, on the date and at the time and place stated in said Notice, the refunding of the Bonds, Series 1983A was presented, and any and all persons who so desired appeared and were heard, and the Mayor and Common Council of the City of San Bernardino is fully informed in the premises. NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO DO HEREBY FIND, RESOLVE, DETER- MINE AND ORDER AS FOLLOWS: Section 1. The recitals set forth hereinabove are true and correct in all respects. Section 2. The City has determined and hereby redetermines that the project proposed by sisters of Charity Hospital for which the Bonds, Series 1983A, were issued, is in compliance with the purposes of the Ordinance and with the criteria established pursuant thereto and further determines that the Sisters of Charity Hospital provides necessary medical care and services to the citizens .of the City and is an essential part of the City's health care delivery system and the undertaking of such project by the City will be a substantial factor in the ability of the sisters of Charity Hospital to provide such necessary -4- D0100:517.7 12-09-86 (JWB:ld) P~n Bernardino 60,009-59-2 services and to contain the cost of such services. Without limiting the generality of the foregoing, reference is particularly made to subsection U of Section 1 of the Ordinance and to the extensive review of the health care facilities servicing the City and its inhabitants which was made by the Mayor and Common Council as the basis for the adoption of Resolution No. 80-481. The project proposed by Sisters of Charity Hospital is in compliance with the purposes of the Ordinance and with the criteria established pursuant to thereto. Section 3. The issuance by the City of the Bonds, Series 1987A in an amount not to exceed $40,000,000 is hereby approved. The Mayor is hereby authorized and directed to execute this Resolution pursuant to said Internal Revenue Code of 1986. Section 4. The City's obligations hereunder are on a 'non-recourse' basis, and paYment of any amounts which are owed or may become due hereunder shall not be enforced against the City or any of its public officials, officers, employees, agents, or other personnel, but only against the property pledged as security for the Bonds, Series 1987A. -5- DOIOO:517.7 12-09-86 (JWB:ld) r ~ Bernardino 60,009-59-2 Section 5. The Bonds shall be special obligations of the City and shall not be deemed to constitute a debt or liability of the City or a pledge of the faith and credit of the City, but shall be payable solely from the paYments received under the terms of the loan agreement, executed in connection with the issuance of the Bonds, Series 1987A. The Issuance of such Bonds shall not directly or indirectly or contingently obligate the City to levy or pledge any form of taxation whatsoever therefor or to make any appropriation for their paYment. Section 6. This Resolution shall take effect immediately upon adoption. -6- D0100:517.7 12-09-86 (JWB:ld) r-'n Bernardino 60,009-59-2 I HEREBY CERTIFY that the foregoing resolution was duly adopted by the Mayor and Common Council of the City of San Bernardino at a regular meeting thereof, held on the day of , 19___, by the following vote, to wit: AYES: Councilmen NOES: ABSENT: ABSTAIN: City Clerk The foregoing resolution is hereby approved pursuant to the Internal Revenue Code of 1986 as of this _ day of , 1986. Mayor of the city of San Bernardino Approved as to form: City Attorney -7- D0100:517.7 12-09-86 (JWB:ld) n Bernardino 60,009-59-2 STATE OF CALIFORNIA COUNTY OF SAN BERNARDINO CITY OF SAN BERNARDINO ) ) SSe ) I, SHAUNA CLARK, City Clerk in and for the City of San Bernardino, DO HEREBY CERTIFY that the foregoing and attached copy of San Bernardino city Resolution No. is a full, true and correct copy of that now on file in this office. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of San Bernardino this day of , 19 City Clerk -8- 00100:517.7 12-09-86 (JWB:ld) San Bernardino 60,009-59-3 RESOLUTION NO. 87- RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO, CALIFORNIA, APPROVING A CERTAIN TRUST INDENTURE WHICH CREATES A TRUST ESTATE AND MAKES CERTAIN PROVISIONS THEREFOR; AND WHICH AUTHORIZES THE ISSUANCE OF ITS "CITY OF SAN BERNARDINO, CALIFORNIA, SCH HEALTH CARE SYSTEM REVENUE BONDS (SISTERS OF CHARITY OF THE INCARNATE WORD, HOUSTON, TEXAS), SERIES 1987A," FOR THE PURPOSE OF REFUNDING CERTAIN OUTSTANDING BONDS, SERIES 1983A; MAKING CERTAIN FINDINGS AND DETERMINATIONS IN CONNECTION THEREWITH; APPROVING A CERTAIN LOAN AGREEMENT WITH SISTERS OF CHARITY OF THE INCARNATE WORD, HOUSTON, TEXAS, SOLE CORPORATE MEMBER OF ST. BERNARDINE HOSPITAL OF SAN BERNARDINO; APPROVING A BOND PURCHASE AGREEMENT AND AUTHORIZING ITS EXECUTION; APPROVING A PRELIMINARY OFFICIAL STATEMENT AND AUTHO- RIZING ITS USE AND AUTHORIZING A FINAL OFFICIAL STATEMENT AND DIRECTING ITS EXECUTION; AND AUTHORIZING SUCH FURTHER ACTION AS MAY BE NECESSARY TO CONCLUDE THE ISSUANCE, SALE AND DELIVERY OF SUCH BONDS. (SISTERS OF CHARITY OF THE INCARNATE WORD, HOUSTON, TEXAS, SOLF; CORPORATE MEMBER OF ST. BERNARDINE HOSPITAL OF SAN BERNARDINO) WHEREAS, the City of San Bernardino (the "City") is a "home rule City" duly organized and existing under and pursuant to a Charter adopted under the provisions of the Co~stitution of the State of California; and WHEREAS, pursuant to its home rule powers, the City duly and regularly enacted Ordinance No. 3815 (the "Ordinance") to finance various types of projects, as -1- D0100:517.1 01-09-87 (JAS:1~ t( ~~~ San Bernardino 60,009-59-3 defined in the Ordinance, and to issue its special revenue bonds for the purpose of paying the cost of financing such projects; and WHEREAS, there was filed with the City an Applica- tion (the "Application") pursuant to the provisions of the Ordinance by sisters of Charity of the Incarnate Word, Houston, Texas, Sole Corporate Member of st. Bernardine Hospital of San Bernardino, (referred to herein as the "Company" or "Sisters of Charity Hospital") requesting the issuance of revenue bonds for the purpose of financing the cost and expense of: (i) additions to and improvements of its hospital facilities as mor.e particularly described in said Application; and (ii) th~ refinancing of certain outstanding obligations of said Sisters of Charity Hospital; and WHEREAS, the Application was reviewed and the plan of financing was found to comply with the spirit, intent and provisions of the Ordinance, as amended, and the City determined to proceed with the financing; and WHEREAS, the refinancing of certain outstanding obligations of said sisters of Charity Hospital has been accomplished in a different manner and the financing, as -2- D0100:517.1 01-09-87 (JAS:ld) San Bernardino 60,009-59-3 finally accomplished, furnished funds for additions to and improvements of its hospital facilities; and WHEREAS, the City issued its $29,900,000 City of San Bernardino, California, SCH Health Care System Revenue Bonds (Sisters of Charity of the Incarnate Word, Houston, Texas) Series 1983A (the "Bonds, Series 1983A") and the same are presently outstanding; and WHEREAS, the sisters of Charity Hospital has requested that the City participate in a refunding of the outstanding Bonds, Series 1983A through the issuance of its City of San Bernardino, California, SCH Health System Revenue Bonds (Sisters of Charity of the Incarnate Word, Houston, Texas) Series 1987A (the "Bonds, Series 1987A"); and WHEREAS, Ordinance No. 3815, as amended, provides for such a refunding. WHEREAS, the Mayor and Common Council must now approve and authorize the execution of various documents in connection with the issuance, sale and delivery of such Bonds, Series 1987A; and -3- D0100:517.1 01-09-87 (JAS:ld) - - San Bernardino 60,009-59-3 NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO DO HEREBY FIND, RESOLVE, DETER- MINE AND ORDER AS FOLLOWS: section 1. The recitals set forth hereinabove are true and correct in all respects. section 2. The City has determined and hereby redetermines that the project proposed by Sisters of Charity Hospital for which the Bonds, Series 1983A were issued, is in compliance with the purposes of the Ordinance and with the criteria established pursuant thereto and further determines that the Sisters of Charity Hospital provides necessary medical care and services to the citizens of the City and is an essential part of the City's health care delivery system and the undertaking of such proposed project by the City will be a substantial factor in the ability of the sisters of Charity Hospital to provide such necessary services and to contain the cost of such services. without limiting the generality of the foregoing, reference is particularly made to subsection U of section 1 of the Ordinance and to the extensive review of the health care facilities servicing the City and its inhabitants which was made by the Mayor and Common Council as the basis for the adoption of Resolution No. 80-481. The project proposed by -4- D0100:517.1 01-09-87 (JAS:ld) San Bernardino 60,009-59-3 sisters of Charity Hospital is in compliance with the purposes of the Ordinance and with the criteria established pursuant to thereto. section 3. It is likely that continuing the undertaking of the project by the city will be a substantial factor in the accrual of public benefits from the use of the sisters of Charity Hospital facilities as proposed in the Application. section 4. The refinancing of the project as described above and as described in the Application is hereby authorized and approved. section 5. The issuance by the City of San Bernardino, California, of the "City of San Bernardino, California, SCH Health Care system Revenue Bonds (Sisters of Charity of the Incarnate Word, Houston, Texas) Series 1987A" in an amount not to exceed $40,000,000 and at an average interest rate not to exceed 11% per annum is hereby approved. The Bonds shall be issued in sUbstantially the form and in accordance with the terms of the Trust Inden- ture, herein approved and as such Indenture may be from time to time amended. The Bonds shall be issued and sold to Merrill Lynch Capital Markets (the "Underwriters") upon such -5- D0100:517.1 01-09-87 (JAS:1d) San Bernardino 60,009-59-3 terms and conditions as are provided in the Bond Purchase Agreement hereafter approved. section 6. The Bonds shall be special obligations of the City and shall not be deemed to constitute a debt or liability of the City or a pledge of the faith and credit of the City, but shall be payable solely from the paYments received under the terms of the Loan Agreement, described hereinafter. The Issuance of such Bonds shall not directly or indirectly or contingently obligate the City to levy or pledge any form of taxation whatsoever therefor or to make any appropriation for their paYment. section 7. The Mayor and Common Council, acting for and on behalf of the City of San Bernardino, hereby approve the Trust Indenture referred to above, substantially in the form attached hereto as "Exhibit A" and incorporated herein by reference, with such corrections, changes, modifi- cations, additions or deletions as may be approved and recommended by the City Attorney and Bond Counsel to the City, James Warren Beebe, A Law corporation ("Bond Coun- sel"), to the Mayor, or, in her absence or disability the Mayor Pro Tem, and approved by her, her execution thereof to be conclusive evidence of this approval. The Mayor, or, in her absence or disability, the Mayor Pro Tem, and City -6- D0100:5l7.1 01-09-87 (JAS:ld) San Bernardino 60,009-59-3 Clerk are hereby authorized and directed to execute such final Trust Indenture when the same shall have been prepared for execution, with the seal of the City to be affixed thereto. Section 8. A form of Loan Agreement has been presented to the Mayor and Common Council and has been reviewed. The Mayor and Common Council, acting for and on behalf of the City, hereby approve the Loan Agreement with the Company, substantially in the form attached hereto as "Exhibit B" and incorporated herein by reference, with such corrections, changes, modifications, additions or deletions as may be approved and recommended by the City Attorney and Bond Counsel to the Mayor, or, in her absence or disability, the Mayor Pro Tem, and approved by her, her execution thereof to be conclusive evidence of this approval. The Mayor, or, in her absence or disability, the Mayor Pro Tem, and City Clerk are hereby authorized and directed to executed such final Loan Agreement when the same shall have been prepared for execution with the seal of the City to be affixed thereto. section 9. A form of Bond Purchase Agreement has been presented to the Mayor and Common Council and has been reviewed. The Mayor and Common council, acting for and on -7- D0100:517.1 01-09-87 (JAS:ld) San Bernardino 60,009-59-3 behalf of the City, hereby approve the Bond Purchase Agree- ment, substantially in the form attached hereto as "Exhibit C" and incorporated herein by reference, with such correc- tions, changes, modifications, additions or deletions as may be approved and recommended by the City Attorney and Bond Counsel to the Mayor, or, in her absence or disability, the Mayor Pro Tem, and approved by her, her execution thereof to be conclusive evidence of this approval. The Mayor, or, in her absence or disability, the Mayor Pro Tem, and City Clerk are hereby authorized and directed to execute such final Bond Purchase Agreement when the same shall have been prepared for execution, with the seal of the City to be affixed thereto. Section 10. A draft of a Preliminary Official Statement has been presented to the Mayor and Common Council and has been reviewed. The Mayor and the Common Council, acting for and on behalf of the City, hereby approve the Preliminary Official Statement and authorize its use by the Underwriters in connection with the offering of the Bonds. The City authorizes and directs the Underwriters to prepare a final Official Statement at such time as the Underwriters deem appropriate and the City hereby authorizes the exe- cution of such final Official Statement by the Mayor, or, in her absence or disability, Mayor Pro Tem. The final -8- D0100:517.1 01-09-87 (JAS:ld) ~ ... San Bernardino 60,009-59-3 Official Statement shall be in substantially the form of the Preliminary Official Statement attached hereto as "Exhibit 0" and incorporated herein by reference, with such correc- tions, changes, modifications, additions or deletions as may be proposed by the Underwriters, approved and recommended by the City Attorney and Bond Counsel to the Mayor, or, in her absence or disability, the Mayor Pro Tem, and approved by the Mayor, or, in her absence or disability, the Mayor Pro Tem, with the execution thereof to be conclusive evidence of this approval. Section 11. The Mayor, or, in her absence or disability, the Mayor Pro Tem, the City Clerk, the Project Coordinator and such other City officers and employees as are appropriate are authorized and directed to execute such other documents, including a subscription for federal secu- rities if necessary to complete the refunding of the Bonds, Series 1983A, and take such further action as shall be consistent with the intent and purpose of this Resolution and shall be needed to conclude the issuance, delivery and sale of the Bonds. -9- 00100:517.1 01-09-87 (JAS:ld) - - San Bernardino 60,009-59-3 I HEREBY CERTIFY that the foregoing resolution was duly adopted by the Mayor and Common Council of the City of San Bernardino at a regular meeting thereof, held on the day of , 19___, by the following vote, to wit: AYES: Councilmen NOES: ABSENT: ABSTAIN: City Clerk The foregoing resolution is hereby approved this _ day of , 1987. Mayor of the City of San Bernardino Approved as to form: City Attorney -10- DOIOO:517.1 01-09-87 (JAS:1d) ,... ~ , San Bernardino 60,009-59-3 STATE OF CALIFORNIA COUNTY OF SAN BERNARDINO CITY OF SAN BERNARDINO ) ) SS. ) I, SHAUNA CLARK, City Clerk in and for the City of San Bernardino, DO HEREBY CERTIFY that the foregoing and attached copy of San Bernardino City Resolution No. is a full, true and correct copy of that now on file in this office. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of San Bernardino this ___ day of , 1987. City Clerk -11- 00100:517.1 01-09-87 (JAS:ld)