HomeMy WebLinkAbout96-004 - ResolutionsRESOLUTION NO. 96-004
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO CUCAMONGA, CALIFORNIA, REGARDING THE
HOLDING OF A PUBLIC HEARING IN CONNECTION WITH THE
ISSUANCE AND DELIVERY OF LEASE REVENUE BONDS BY
THE CALIFORNIA COMMUNITIES LOCAL PUBLIC
IMPROVEMENT FINANCING AUTHORITY TO FINANCE THE
ACQUISITION AND REHABILITATION OF THE RANCHO
CUCAMONGA HOSPITAL AND MEDICAL CENTER PROJECT
WHEREAS, to finance the acquisition and rehabilitation of the Rancho Cucamonga
Hospital and Medical Center Project located within the boundaries of the City of Rancho
Cucamonga (the "Project"), the California Communities Local Public Improvement Financing
Authority (the "Authority") has expressed its intent to issue certain lease revenue bonds in the
aggregate principal amount not to exceed $16,000,000 (the "Bonds"); and
WHEREAS, this City Council is the elected legislative body of the City of Rancho
Cucamonga (the "City"); and
WHEREAS, in accordance with Section 147(f) of the Internal Revenue Code of
1986, as amended (the"Code"), the City Clerk provided for the timely publication of a Notice of
Public Hearing, to the effect that a public hearing would be held by this City Council on January
3, 1996, regarding the issuance of the Bonds by the Authority and the nature and the location of
the Project;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA DOES RESOLVE AS FOLLOWS:
Section 1. This City Council does hereby find and declare that the above
recitals are true and correct.
Section 2. Pursuant to Section 147(f) of the Code, this City Council held
public hearing on this day and provided an opportunity to present arguments both
for and against the issuance of the Bonds and the nature and location of the
Project. This City Council has further considered all testimony and comments
submitted in connection with the issuance of the Bonds and the nature and location
of the Project an the public hearing.
Section 3. After consideration of comments received at the public hearing,
the City Council of the City hereby approves the issuance of the Bonds by the
Authority and the operation of the Authority within the City to provide financing for
the acquisition and rehabilitation of the Project.
Section 4. It is the purpose and intent of the City that this Resolution
constitute approval by the applicable elected representative in accordance with the
terms of Section 147(f) of the Code.
Resolution No. 96-004
Page 2
Section 5. This Resolution shall take effect from and after the date of its
passage and adoption.
Section 6. The City Clerk shall certify to the adoption of this Resolution.
PASSED, APPROVED, AND ADOPTED this 3rd day of January, 1996.
AYES:
NOES:
ABSENT:
Alexander, Curatalo, Gutierrez, Williams
None
Biane
ATTEST:
De 3ra J. AdaMs, CMC, City Clerk
I, DEBRA J. ADAMS, CITY CLERK of the City of Rancho Cucamonga, California, do hereby certify
that the foregoing Resolution was duly passed, approved, and adopted by the City Council of the
City of Rancho Cucamonga, California, at a regular meeting of said City Council held on the 3rd
day of January, 1996.
Executed this 4th day of January, 1996, at Rancho Cucamonga, California.
MC, City Clerk