HomeMy WebLinkAboutContracts & Agreements_23-1995_CCv0001.pdf DEPARTMENT OF ECONOMIC COUNTY OF SAN BERNARDINO
AND COMMUNITY DEVELOPMENT PUBUC SERVICES GROUP
COUNTY OF SAN BERNARDINU
PUBUC
SERVICES
GROUP
L C S
T S L U I
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290 North"D"Street,Sixth Floor • San Bernardino,CA 92415-0040 (909)388-0800 THOMAS R. LAURIN
Fax(909)388-0844 Director
October 22, 1997 r" pl 57
City of Redlands
P.O. Box 300/17>— JU
Redlands, CA 92373
Attn: Gary Luebbers, City Manager CI'T,'Y M MAC,E R i
Dear Mr. Luebbers:
The County of San Bernardino Department of Economic and Community Development
(ECD) is pleased to inform you that on October 28, 1997, the Board of Supe.—,-isors 1--ill
consider liCD's request to submit an application to the California Debt Limit Allocation
Committee (CDLAC) for a $50,000,000 Single Family Mortgage Revenue Bond
(SFMRB) allocation, on behalf of the County's unincorporated area and Participating
Cities. The request will be addressed at CDLAC's January meeting, the first funding cycle
of the 1998 year.
The State allocation process, allows the County to request an allocation representing the
County's unincorporated areas as well as the incorporated cities, totaling approximately
$50,000,000. Should your City submit an application separately, your maximum
allocation based upon 1997 allocation procedures would be approximately $1,145,597,
The Cooperative Agreement No. 95-46, and Resolution No, 95-09, executed in 1995, may
remain in effect for the 1998 Single Family Bond Program. However, in order to certify
to the Clerk of the Board of Supervisors that his Cooperative Agreement is still effective,
please indicate your approval by signing below and returning this letter via fax as follows:
Julie Rynerson Hemphill
Department of Economic and Community Development
Housing Development, Finance and Preservation Division
290 North"D" Street, Sixth Floor
San Bernardino, CA 924 1,13-0040
(909) 388-0900
Fax (909) 388-0920
Base upon our success of the prior issues we are anxious to move forward with the 1998
financing. The 1997, County of San Bernardino Issue has funded approximately
$27,754,806 in mortgages throughout the County.
Because the application must be sent to CDLAC by Friday, December 12, 1997, an
expeditious response is requested,
ECD-Gen 11; MINUTES OF THE BOARD OF SUPERVISORS
State-Gen'1; OF SAN BERNARDINO COUNTY, CALIFORNIA
Planning-Affordable
Housing;
i Inc. Cities listed; January 24, 1995
Agreements listed
FROM: THOMAS R. LAURIN, Director
Department of Economic and Community Development
SUBJECT: RESOLUTION AUTHORIZING APPLICATION TO THE STATE
OF CALIFORNIA DEBT LIMIT ALLOCATION COMMITTEE
RECOMMENDATION: Adopt resolution approving and authorizing application to the State
of California Debt Limit Allocation Committee to permit the issuance of Qualified
Mortgage Bonds; approving Bond Counsel and Investment Bankers; authorizing
publication of notice of public hearing regarding issuance of Qualified Mortgage Bonds;
and approving and authorizing the execution of Cooperative Aare tmPnts between the
County of San Bernardino and the following cities:
AGREEMENT NO. AGREEMENT NO.
Town of Apple Valley 95-31 Needles 95-43
Barstow 95-32 Ontario 95-44
Big Bear Lake 95-33 Rancho Cucamonga 95-45
Chino 95-34 Redlands 95-46
Chino Hills 95-35 Rialto 95-47
Colton 95-36 San Bernardino 95-48
Fontana 95-37 Twentynine Palms 95-49
Grand Terrace 95-38 Upland 95-50
Hesperia 95-39 Victorville 95-51
Highland 95-40 Yucaipa 95-52
Loma Linda 95-41 Town of Yucca Valley 95-53
Montclair 95-42
BACKGROUND INFORMATION: Beginning in 1980 the County issued its first Single-
Family Mortgage Revenue Bond issue which provided below market interest rate
financing for over 400 households. Subsequent to the 1980 financing, the County issued
bonds in 1982, 1983, 1984, 1985, 1988, 1989 and 1990. After 1990 conventional mortgage
interest rates declined to a level whereby Single-Family Mortgage Revenue Bonds were
no longer as attractive as in previous years. However, with the recent rise in interest
rates, lenders and developers have requested that the County sponsor a Single-Family
Mortgage Revenue Bond Issue. Preliminary indications of interest from lenders and
developers are in excess of 100 million dollars.
cc: ECD-Tom Laurin w/agreement Action of the Board of Supervisors
City w/agreement RESOLUTION NO. 95-09
c/o ECD APPROVED D OF SUPERVISORS
Auditor w/agreement COU Ate ARDINO
Contract Compliance V
Risk Management MOTION , -'iii . �, SECOND
GSG 1`: : 4 S
File w/agreement EARLEN RO61T, OF 1Hg OARD
BY
DATED : JA 4,
14-9507-000 ml1 'r3t'` Y ` �; 11
Rev.10/e1 L ITEM
RESOLUTION AUTHORIZING APPLICATION TO THE STATE OF CALIFORNIA
DEBT LIMIT ALLOCATION COMMITTEE
January 24, 1995
Page 2 of 2
REASON FOR RECOMMENDATION: The adoption of the resolution is required
under Section 8869.80, Chapter 11.8 of Division I of Title II of the Government Code.
REVIEW BY OTHERS: The resolution was prepared by Bond Counsel (Kutak Rock)
and was reviewed by Deputy County Counsel Paul St. John on January 12, 1995.
FINANCIAL DATA: The application fee of 1% of the allocation requested will be
provided by the lenders and developers. Thus, this action has no impact on the County
General Fund or the Community Development Block Grant.
PRESENTER: Thomas R. Laurin, Director, Ext. 4594.
JANUARY 24, 1995 ITEM 11
FOR COUNTY USE ONLY
E X New Vendor CodeDept. A Contract Number
M ChangerAW n
X Cancel SC CD 95-46
'° unt De artmen Dept. Orgn. Contractor's License No.
COiOM Community
County Department Contract Representative Ph. Ext. Amount of Contract
THOMAS R. LAURIN I X4594 N/A
County of San Bernardino Fund Dept. Organization Appr. C}bjlRev Source Activity GRC?PROJ/JDB Number
FAS
Commodity Code Estimated Payment Total by Fiscal Year
CONTRACT TRANSMITTAL. FY Amount IID FY Amount I/D
Project Name NIA
i
CONTRACTOR City of Redlands
Birth Date N/A Federal ID No. or Social Security No. 95-6000766
Contractor's Representative Gary Luebbers, City Manager
Address 30 Cajon Street, Redlands, CA 92373 Phone (909) 798-7531
Nature of Contract: (Briefly describe the general terms of the contract)
The Board of Supervisors of the County of San Bernardino has adopted
Resolution No. 95-09 authorizing application to the State of California
Debt Limit Allocation Committee to permit the issuance of Qualified
Mortgage Bonds; and approved and authorized the execution of Cooperative
Agreements between the County of San Bernardino and Cooperating Cities
(or Towns). The County will engage in a Single Family Home Mortgage
Revenue Bond Program, 1995 Series A to provide funds for the Program
that will increase the supply of affordable housing in the County and
Cooperating City (or Town). The City (or Town) Council has determined
that it is in the best interest of the City (or Town) to adopt the
Program for the purpose of increasing the housing supply and consents
to the operation of the Program by the County within the geographic
boundaries of the City (or Town) as indicated by the attached Resolution
and Cooperative Agreement.
Attachments
(Attach this transmittal to all contracts not prepared on the "Standard Contract" form.)
Approved as to Legal Form Reviewed as to Affirmative Action Reviewed for Processing
I
t
t` ]:�E I ► t 00-
County
"County Couns ( j Agency Administratorr'CAO
Date F G Date r f 7 I Date
02-12294-000 Rev.. 11190
RESOLUTION 5154
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS,
CALIFORNIA APPROVING A HOME MORTGAGE FINANCE PROGRAM IN
COOPERATION WITH THE COUNTY OF SAN BERNARDINO AND
AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE FOR AND ON
BEHALF OF THE CITY A COOPERATIVE AGREEMENT BETWEEN THE
COUNTY OF SAN BERNARDINO AND THE CITY
RESOLVED,by the City Council (the "Council") of the City of Redlands(the "City") that:
WHEREAS,there is a shortage in the County of San Bernardino (the "County") and in the
City of decent, safe and sanitary housing,particularly of housing affordable by persons in the lower
end of the purchasing spectrum, and a consequent need to encourage the construction of homes
affordable by such persons and otherwise to increase the housing supply in the County and in the
City for such persons; and
WHEREAS,the Board of Supervisors of the County has adopted an ordinance pursuant to
which the County has engaged and will engage in a home mortgage finance program (the
"Program")pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the
State of California (the "Act") and to issue bonds pursuant to the Act to provide funds for the
Program-- and
WHEREAS,the County contemplates entering into a joint powers agreement("JPA")under
the Marks-Roos Local Bond Pooling Act of 1985 (Gov't Code 6584 et seq.) (the "Bond Law"); and
WHEREAS, the Council finds and determines that it is in the best interest of the City to
adopt the Program and to consent to the operation of the Program by the County, separately or as
a participant in a JPA, within the geographic boundaries of the City pursuant to the Act;
NOW,THEREFORE,BE IT ORDERED,by the Council of the City of Redlands,as follows:
SECTION 1. Each of the foregoing recitals is true and correct.
SECTION 2. The City hereby adopts the Program for the purpose of increasing the
housing supply in the County and in the City, and consents to the operation of the Program by the
County with respect to all property located within the geographical boundaries of the City.
SECTION 3. The Cooperative Agreement between the County and the City (the
"Agreement"), in substantially the form attached hereto as Exhibit A, is hereby approved, and the
Mayor and City Clerk are hereby authorized and directed to execute and deliver said Agreement, for
and in the name and on behalf of the City. The Mayor, with the advice and consent of the City
Attorney, is authorized to approve any additions to or changes in the form of said Agreement which
they deem necessary or advisable,, their approval of such additions or changes to be conclusively
evidenced by execution by the Mayor of said Agreement as so added or changed. The Mayor,with
the advice and consent of the City Attorney, is further authorized to enter into such additional
agreements with the County, execute such other documents or take such other actions as they may
deem necessary or appropriate to carry out the purpose and intent of the Agreement or to cooperate
in the implementation of the Program,
SECTION 4. The officers and employees of the City are hereby authorized and,
directed,jointly and severally, to do any and all things necessary or advisable in order to effectuate
the purposes of this Resolution.
SECTION 5. This Resolution shall take effect from and after its adoption,
PASSED, APPROVED, AND ADOPTED, this 21st day of February 1995 .
J
Mayer, City of Redlands
ATTEST:
67
City" cic
City of 'e ands
J
1, Lorrie Poyzer, City Clerk of the City of Redlands, hereby certify that the foregoing Resolution,
was: duly adopted by the City Council at a regular meeting thereof, held on the 21 st day of
February, 1995,by the following vote:
AYES: Councilmembers Foster, Gilbreath, Gil; Mayor Larson
NOES: None
ABSTAIN. None
ABSENT: Councilmember Cunningham
City C, rk
EXHIBIT A
COOPERATIVE AGREEMENT BETWEEN THE COUNTY OF SAN
BERNARDINO AND THE CITY OF REDLANDS
THIS COOPERATIVE AGREEMENT (this "Agreement"), made and entered into as of
January 1, 1995 by and between the County of San Bernardino, a political subdivision of the State
of California(the "City").
WITNESSETH:
WHEREAS, the County has engaged and will continue to engage in a home-mortgage
finance program pursuant to Chapters 105 of Part 5 of Division 31 of the Health and Safety Code
of the State of California(the "Act")to make or acquire, directly or indirectly, loans to finance the
construction or acquisition of homes in the County, all as provided for in the Act(the "Program");
and
WHEREAS, the County, pursuant to the Act, has adopted the Program by Resolution No.
5154 and has determined to cooperate with the City pursuant to the Act in the exercise of its powers
under the Act for purposes of the Program; and
WHEREAS,the County contemplates entering into a joint powers agreement("JPA")under
the Marks-Roos Local Bond Pooling Act of 1985 (Gov't code 6584 et seq.)the "Bond Law");
NOW, THEREFORE, in consideration of the mutual covenants hereinafter provided, the
parties hereto agree as follows:
SECTION 1. The terms used in this Agreement shall, for all purposes of this Agreement,
unless otherwise defined herein, have the meanings assigned to such terms in the act.
Z:�
SECTION 2. The County agrees to undertake the Program, either separately or as a
participant in a JPA, including the issuance by it from time to time of revenue bonds therefor
pursuant to the Act.
SECTION 3. The City hereby agrees to cooperate with the County, either separately or as
a participant in a JPA, in the exercise jointly or otherwise of their powers for the purpose of
financing home mortgages pursuant to the Act by agreeing that the County shall exercise its powers
to make or acquire home mortgages under the Program., all as more specifically set forth in the Act,
with respect to property located within the geographic boundaries of the City.
SECTION 4. The City agrees to undertake such further proceedings or actions as may be
necessary in order to carry out the terms and the intent of this Agreement. The County may enter
into cooperative agreements with other political subdivisions within the County,and nothing in this
Agreement shall prevent the County from entering into one or more additional such agreements with
other political subdivisions within the County, if deemed necessary and advisable to do so by the
County.
SECTION 5. This Agreement may be amended by one or more supplemental agreements
executed by the County and the City at any time,except that no such amendment or supplement shall
be made which shall adversely affect the rights of the holders of any bonds issued by the County
pursuant to the Act in connection with the Program.
IN WITNESS WHEREOF,the parties hereto have caused this Cooperative Agreement to be
executed and attested by their proper officers thereunto duly authorized, and their official seals to
be hereto affixed, all as of the day and year first above written.
COUNTY OF SAN BERNARDINO CITY OF PEDLANDP:::�
By y:
Swen arson, ayor
ATTEST:
EARLENESPROAT
Clerk of the Board of Supervisors ATTEST:
1'&y�zy er
By: B �.f�, - /�'c�'
�0'7�!.—P—o
APPROVED AS TO FORM: Date. February 21, 1995
ALAN K. MARKS
COUNTY COUNSEL
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Paul St. Joh"Duty
DATE:
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