The URL can be used to link to this page

Home My WebLink About1998 046 CC RESO1998 046 CC RESO¹òw @˜’ŠRESO 98-46 JUN 3 1998[H.^8 RESOLUTION NO 98-46 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK APPROVING THE EXECUTION AND DELIVERY OF HEALTH CARE CERTIFICATES OF PARTICIPATION BY THE SAN BERNARDINO ASSOCIATED COMMUNITIES FINANCING AUTHORITY TO BENEFIT LINCOLN HOSPITAL AND RELATED FACILITIES WHEREAS, Family Clinics Foundation, a California non-profit 501(c)(3) corporation the Corporation"), has requested that the San Bernardino Associated Communities Financing participation in an aggregate principal amount not to exceed $100,00,000 the Certificates") for the purpose of financing the acquisition of Medimanager, Inc. Which include the Lincoln Hospital, 443 South Soto Street, Los Angeles, California, the Medimanager Executive Offices, 600 Wilshire boulevard, Suite 700, Los Angeles, California, the Clinica Medica Familiar facilities and leases including the Vermont Property, 1125- 1127 North Vermont Avenue, Los Angeles, California, the Washington Main Clinic, 115 East Washington Boulevard, Los Angeles, California, the Vermont Clinic, 1101 North Vermont Avenue, Los Angeles, California, the El Monte Clinic, 11725 East Garvey, El Monte, California, the Lincoln Clinic, 443 South Soto Street, Los Angeles, the Huntington Park Clinic, 6400 Pacific Avenue, Huntington Park, California, the Whittier Clinic, 5458 Whittier Boulevard, Los Angeles, California, the Baldwin Park Clinic, 4070 Sterling Way, Baldwin Park, California, and the Long Beach Clinic, 5190 Atlantic Avenue, Los Angeles, California collectively, the Facilities"); WHEREAS, pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended the Code") the financing described above and the execution and delivery of the Certificates must be approved by the City of Baldwin Park the City") because three of the Facilities are located within the territorial limits of the City. WHEREAS, the City Council is the elected legislative body of the City and is one of the applicable elected representatives required to approve the financing of the Facility and the issuance of the Certificates under Section 147(f) of the Code; WHEREAS, SANBAC and the Corporation has requested that the City Council approve the financing of the Facilities and the execution and delivery of the Certificates in order to satisfy the public approval requirement of 147(f) of the Code; and WHEREAS, pursuant to Section 147(f) of the Code, a duly authorized representative of the City Council has, following notice duly given, held a public hearing regarding the financing of the Facilities and the execution and delivery of the Certificates. NOW, THEREFORE, IT IS RESOLVED AS FOLLOWS: 1. Pursuant to Section 147(f) of the Code, public hearing regarding the financing of the Facilities and the execution and delivery of the Certificates was held. The City Council hereby approves the financing described above, the execution and delivery of the Certificates by SANBAC and the operation of SANBAC within the City to provide financing for the Corporation. It is the purpose and intent of the City Council that this Resolution constitutes approval of the financing of the Facilities and the execution and delivery of the Certificates for the purposes of Section 147(f) of the Code by the applicable elected representatives of the government unit having jurisdiction over the area in which the Facilities are and will be located, in accordance with said Section 147(f). BIB] 37175-U01 RESO-U02 98-46-U02 JUN-U02 3-U02 1998-U02 LG1-U03 LI3-U03 FO1126-U03 FO1153-U03 FO1944-U03 DO1947-U03 C6-U03 RESO-U03 10/10/2001-U04 ADMIN-U04 RESO-U05 98-46-U05 JUN-U05 3-U05 1998-U05 BIB] 37426-U01 1998-U02 046-U02 CC-U02 RESO-U02 LG1-U03 LI3-U03 FO1126-U03 FO1153-U03 DO1947-U03 C6-U03 RESO-U03 10/10/2001-U04 ADMIN-U04 RESO-U05 98-46-U05 JUN-U05 3-U05 1998-U05 1998 046 CC RESO¹òw @˜’ŠRESO 98-46 JUN 3 1998[H.^8 and all 2. The officers of the City are hereby authorized and directed, jointly and severally, to do any things and to execute and delivery any and all documents which they deem necessary or advisable in order to carry out, given effect to and comply with the terms and intent of this Resolution and the financing approved hereby. 3 City approval pursuant to Section 147(f) of the Code pursuant to this Resolution shall not constitute approval for other City regulatory or other requirements, such as building permits. 4 This Resolution shall take effect immediately upon its passage. SECTION: The City Clerk shall certify to the adoption of this Resolution. PASSED, APPROVED AND ADOPTED this 3rd day of June, 1998 MAYOR LINDA L. GAIR, CITY CLERK STATE OF CALIFORNIA COUNTY OF LOS ANGELES CITY OF BALDWIN PARK I, LINDA L. GAIR, City Clerk of the City of Baldwin Park, do hereby certify that the foregoing Resolution was duly and regularly approved and adopted by the City Council of the City of Baldwin Park at its regular meeting of the June 3, 1998, by the following vote: AYES LOZANO, MUSE, PACHECO, VAN CLEAVE, AND MAYOR LOWES NOES NONE ABSENT NONE ABSTAIN NONE BIB] 37175-U01 RESO-U02 98-46-U02 JUN-U02 3-U02 1998-U02 LG1-U03 LI3-U03 FO1126-U03 FO1153-U03 FO1944-U03 DO1947-U03 C6-U03 RESO-U03 10/10/2001-U04 ADMIN-U04 RESO-U05 98-46-U05 JUN-U05 3-U05 1998-U05 BIB] 37426-U01 1998-U02 046-U02 CC-U02 RESO-U02 LG1-U03 LI3-U03 FO1126-U03 FO1153-U03 DO1947-U03 C6-U03 RESO-U03 10/10/2001-U04 ADMIN-U04 RESO-U05 98-46-U05 JUN-U05 3-U05 1998-U05