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HomeMy WebLinkAbout4511_CCv0001.pdf RESOLUTION NO. 4511 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS APPROVING REFINANCING OF CERTAIN PUBLIC IMPROVEMENTS IN REDLANDS REDEVELOPMENT PROJECT BY THE REDEVELOPMENT AGENCY OF THE CITY OF RED- LANDS, APPROVING AN AMENDED AND RESTATED LEASE AGREEMENT AND MAKING CERTAIN FIND- INGS IN CONNECTION THEREWITH WHEREAS, the Redevelopment Agency of the City of Redlands ( the "Agency" ) is authorized pursuant to Part 1 of Division 24 (commencing with Section 33000 ) of the Califor- nia Health and Safety Code ( the "Act" ) to issue bonds for any of its corporate purposes; and WHEREAS, the Agency, in order to refund its Park- ing Lease Revenue Bonds, Series A and Series B, and provide financing for certain public improvements ( the "Project" ) located in the Redlands Redevelopment Project, has indicated its intention to issue not to exceed $7, 500,000 aggregate principal amount of Redevelopment Agency of the City of Redlands 1989 Refunding Parking Lease Revenue Bonds (the "Bonds" ) , which Bonds would be repayable from Lease Revenues to be made by the City of Redlands ( the "City" ) to the Agency pursuant to an amended and restated lease agreement dated as of June 1, 1989, a form of which has been presented to this City Council at this meeting; and WHEREAS, pursuant to the Act, it is necessary that the City Council authorize the issuance of the Bonds by the Agency; NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED BY THE CITY COUNCIL OF THE CITY OF REDLANDS AS FOL- LOWS: i Section 1 . Approval of Financing. This City Council hereby approves the refunding of the Agency ' s Park- ing Lease Revenue Bonds, Series A and Series B, and financ- ing of the Project and other purposes related thereto, all of which constitute a "redevelopment activity" as such term is defined in the Act, by means of the issuance of not to exceed $7, 500 , 000 principal amount of the Agency ' s Redevel- opment Agency of the City of Redlands 1989 Refunding Parking Lease Revenue Bonds, pursuant to the provisions and subject to the requirements of the Act . This approval is intended to satisfy the requirements of Health and Safety Code Sec- tion 33640 . H �s: Section 2. Approval of Amended and Restated Lease Agreement . The form of Amended and Restated Lease Agreement between the Agency and the City is hereby approved and the Mayor or any other member of this City Council and the City Clerk are hereby authorized and directed to execute and deliver the Lease Agreement for and on behalf of the City in substantially the form presented at this meeting, with such changes thereto as the officers executing the same deem necessary or in the best interests of the City, such approval to be conclusively evidenced by the execution and delivery thereof . Section 3 . Other Acts . The officers and staff of the City are hereby authorized and directed, jointly and severally, to do any and all things, to execute and deliver any and all documents, which in consultation with Bond Coun- sel, they may deem necessary or advisable in order to con- summate the issuance, sale and delivery of the Bonds, or otherwise effectuate the purposes of this Resolution, and any and all such actions previously taken by such officers or staff members are hereby ratified and confirmed. Section 4 . Effective Date. This Resolution shall take effect immediately upon adoption. APPROVED and ADOPTED this 2nd day of May, 1989 . Mayor ATTEST: City Clerk o the City of Redliinds, California t -2- jrr0263 I, LORRIE POYZER, City Clerk of the City of Redlands, California, do hereby certify that the foregoing Resolution No. 4511 was regularly introduced and adopted by the City Council of the City of Redlands, California, at a regular meeting thereof held on the 2nd day of May, 1989 , by the following vote of the City Council : AYES: Councilmembers Wormser, Larson; Mayor Beswick NOES: Councilmembers DeMirjyn, Cunningham ABSENT: None and that said resolution has not been amended, superseded or repealed, and is in full force and effect . IN WITNESS WHEREOF, I have hereunto set my hand this 2nd day of May 1989 . City Clork City of Redlands; C lifornia jrr0263 l RESOLUTION NO. 4512 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS APPROVING THE JOINT POWERS AGREEMENT CREATING THE REDLANDS FINANCE AUTHORITY AND OTHER MATTERS RELATING THERETO WHEREAS, Articles 1 and 2 of Chapter 5 of Divi- sion 7 of Title 1 of the Government Code of the State of California authorize the City of Redlands ( the "City" ) and the Redevelopment Agency of the City of Redlands ( the "Agency" ) to create a joint-exercise-of-powers entity which has the power to jointly exercise any powers common to the City and the Agency; and WHEREAS, the City and the Agency are each empowered by law to undertake certain projects and programs; and WHEREAS, the City is authorized to issue bonds, expend bond proceeds, and to borrow and loan money for cer- tain public purposes pursuant to the Government Code of the State of California; and WHEREAS, the Agency is authorized to issue bonds, expend bond proceeds, and to borrow and loan money for any of its corporate purposes pursuant to the provisions of the Community Redevelopment Act of the State of California; and WHEREAS, the City and the Agency desire to create and establish the Redlands Finance Authority; and WHEREAS, there has been presented at this meeting a form of Joint Powers Agreement creating the Redlands Finance Authority between the Agency and the City; NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED BY THE CITY COUNCIL OF THE CITY OF REDLANDS AS FOL- LOWS: Section 1 . Approval of Joint Powers Agreement . The form of Joint Powers Agreement creating the Redlands Finance Authority ( the "Joint Powers Agreement" ) presented at this meeting is hereby approved, and the Mayor or any other member of this City Council and the City Clerk are hereby authorized and directed to execute and deliver the Joint Powers Agreement for and on behalf of the City in substantially the form presented at this meeting, with such changes thereto as the officers executing the same deem necessary or in the best interests of the City, such approval to be conclusively evidenced by the execution and delivery thereof. Section 2. Other Acts. The officers and staff of the City are hereby authorized and directed, jointly and severally, to do any and all things, to execute and deliver any and all documents, which in consultation with the City Attorney, as they may deem necessary or advisable in order to consummate the creation of the Redlands Finance Authority or otherwise effectuate the purposes of this Resolution, and any and all such actions previously taken by such officers or staff members are hereby ratified and confirmed. Section 3 . Effective Date. This Resolution shall take effect immediately upon adoption. -2- I PASSED, APPROVED and ADOPTED this 2nd day of May, 1989. Mayor of the City of Redlands ATTEST: City :Clerk okh ity of Redlands, Cali ora -3_ jrr0354 I , LORRIE POYZER, City Clerk of the City of Redlands, California, do hereby certify that the foregoing Resolution No. 4512 was regularly introduced and adopted by the City Council of the City of Redlands, California, at a regular meeting thereof held on the 2nd day of May, 1989 , by the following vote of the City Council : AYES: Councilmembers Wormser, Larson; Mayor Beswick NOES: Councilmembers DeMirjyn, Cunningham ABSENT: None and that said resolution has not been amended, superseded or repealed, and is in full force and effect . IN WITNESS WHEREOF, I have hereunto set my hand this 2nd day of May 1989. City--Cle L_ City of R6dlands; California jrr0354 : MINUTES of a meeting of the Redlands Finance Authority of the City of Redlands held in the Council Chambers, 212 Brookside Avenue, on May 2, 1989, at 7:37 P.M . PRESENT Carole Beswick, Board Member Barbara C . Wormser, Board Member Charles G. DeMirjyn, Board Member William E. Cunningham, Board Member Swen Larson, Board Member John Rottschaefer, Authority Attorney Lorrie Poyzer, Secretary Beatrice Sanchez, Assistant Secretary ABSENT None Officers Following meetings of the City Council and the Redevelopment Agency of the City of Redlands at which time City Resolution No. 4512 and Agency Resolution No. 214 were adopted approving the Joint Powers Agreement creating the Redlands Finance Authority, the Redlands Finance Authority meeting was called to order. Following through on their votes against the sale of the Redevelopment Agency's 1989 Refunding Parking Lease Revenue Bonds and the formation of the Redlands Finance Authority, Members DeMirjyn and Cunningham voted against the election of the following officers: Carole Beswick, Chairman; Barbara Wormser, Vice Chairman; Lorrie Poyzer, Secretary; and Beatrice Sanchez, Assistant Secretary. Resolution Resolution No. 101, a resolution of the Redlands Finance Authority No. 101 approving the purchase and resale of the 1989 Refunding Parking Lease Revenue Bonds of the Redevelopment Agency of the City of Parking Lease Redlands, and approving a form of purchase contract, purchase Revenue Bonds agreement and certain other matters relating thereto, was adopted on motion of Mr. Larson, seconded by Mrs. Wormser, by the following vote: AYES: Members Wormser, Larson; Chairman Beswick NOES: Members Dei+iir j y n, Cunnirngiam There being no further business, the meeting adjourned at 7: 40 P.M. y� ecretary Redlands Finance Authority May 2, 1989 Page one -