Resolution No. 2026-036
Resolution No. 2026-036
April 15, 2026
RESOLUTION NO. 2026-036
RESOLUTION OF THE MAYOR AND CITY COUNCIL OF THE CITY OF
SAN BERNARDINO CALIFORNIA APPROVING THE ISSUANCE OF
REVENUE OBLIGATION BONDS IN AN AMOUNT NOT TO EXCEED
$15,000,000 FOR TIP PROPERTY CARITAS LLC A CALI FORNIA
LIMITED LIABILITY COMPANY AND OR A RELATED OR
SUCCESSOR ENTITY AT 662, 678, AND 696 SOUTH TIPPECANOE
AVENUE SAN BERNARDINO IN ACCORDANCE WITH THE
REQUIREMENTS OF THE FEDERAL TAX EQUITY AND FISCAL
RESPONSIBILITY ACT (TEFRA) AND INTERNAL REVENUE CODE OF 1986 AS AMENDED BY CODE.
WHEREAS, California Enterprise Development Authority (CEDA) is a Joint Powers Authority (JPA) created in 2006 to address gaps in economic development financing; and
WHEREAS, CEDA is committed to providing alternative financing options to manufacturers, 501(c)(3) non-profits, and California communities, with the ultimate mission of supporting economic development; and
WHEREAS, CEDA facilitates the issuance of private activity bonds for the purpose of economic and community development; and
WHEREAS, as required by the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA), in order for the obligations to qualify as tax-exempt bonds, the City of San Bernardino must conduct a public hearing (the “TEFRA Hearing”) providing the members of the community an opportunity to comment on the use of tax-exempt bonds for the financing of the Project; and
WHEREAS, the proceeds of the obligations will be applied by the Borrower, for the purpose of (a) financing, refinancing, and/or reimbursing the cost of the acquisition, construction, improvement, furnishing and equipping of property located at 662, 678 and 696 South Tippecanoe Avenue, San Bernardino, California 92408 (the “Facilities”); and (b) paying costs of issuance and other related transaction costs in connection with the issuance of the obligations; and
WHEREAS, the Borrower will lease the Project to Community Action Partnership of San Bernardino (“CAPSBC”), a related entity, in connection with the administration of a variety of human service programs serving the needs of low -income residents of San Bernardino Coun ty, and the County of San Bernardino in connection with its governmental operations; and
WHEREAS, CAPSBC is the designated Community Action Agency for San Bernardino County and is one of over 1,000 Community Action Agencies nationwide dedicated to assisting low-income individuals and families become stable and self-reliant; and
Resolution No. 2026-036
Resolution No. 2026-036
April 15, 2026
WHEREAS, as required by the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA), in order for the obligations to qualify as tax-exempt bonds, the City of San Bernardino must conduct a public hearing (the “TEFRA Hearing”) providing the members of the community an opportunity to comment on the use of tax-exempt bonds for the financing of the Project; and
WHEREAS, prior to conducting the TEFRA Hearing, reasonable notice must be provided to the community; and
WHEREAS, following the close of the TEFRA Hearing, an “applicable elected representative” of the governmental unit with jurisdiction over the Project must provide its approval of the issuance of the obligations for the financing of the Project, which is provided for in this Resolution; and
WHEREAS, there has been published, at least 7 days prior to the date hereof, in a newspaper of general circulation within the City, a notice that a public hearing regarding the Bonds would be held on a date specified in such notice; and
WHEREAS, such public hearing was conducted on such date, at which time an opportunity was provided to interested parties to present arguments both for and against the issuance of the Bonds.
BE IT THEN RESOLVED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF SAN BERNARDINO AS FOLLOWS:
SECTION 1. The above recitals are true and correct and are incorporated herein by this reference.
SECTION 2 . The City Council hereby approves the issuance of the Bonds by the California Enterprise Development Authority (CEDA). It is the purpose and intent of the City Council that this resolution constitute approval of the issuance of the Bonds by CEDA, for the purposes of (a) Section 147(f) of the Code by the applicable elected representative of the governmental unit having jurisdiction over the area in which the Project is located, in accordance with said Section 147(f) and (b) Section 4 of the Agreement.
SECTION 3. The issuance of the Bonds shall be subject to the approval of the Authority of all financing documents relating thereto to which CEDA is a party. The City shall have no responsibility or liability whatsoever with respect to the Bonds.
SECTION 4. The adoption of this Resolution shall not obligate the City or any department thereof to (i) provide any financing to acquire or construct the Project or any refinancing of the Project; (ii) approve any application or request for or take any other action in connection with any planning approval, permit or other action necessary for the acquisition, construction, rehabilitation, installation or operation of the Project; (iii) make any contribution or advance any funds whatsoever to the Authority; or (iv) take any further action with respect to the Authority or its membership therein.
Resolution No. 2026-036
Resolution No. 2026-036
April 15, 2026
SECTION 5. The City Manager and or designee are hereby authorized and directed, jointly and severally, to do any and all things and to execute and deliver any and all documents that they deem necessary or advisable in order to carry out, give effect to, and comply with the terms and intent of this resolution and the financing approved hereby.
SECTION 6. Severability. If any provision of this Resolution or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications, and to this end the provisions of this Resolution are declared to be severable.
SECTION 7. Effective Date. This Resolution shall become effective immediately.
APPROVED and ADOPTED by the City Council and signed by the Mayor and attested by the City Clerk this 15th day of April 2026.
Helen Tran, Mayor
City of San Bernardino
Attest:
Telicia Lopez, CMC, City Clerk
Approved as to form:
Sonia Carvalho, City Attorney
Resolution No. 2026-036
Resolution No. 2026-036
April 15, 2026
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO) ss
CITY OF SAN BERNARDINO )
I, Telicia Lopez , CMC, City Clerk, hereby certify that the attached is a true copy of Resolution No. 2026-036, adopted at a regular meeting held on the 15th day of April 2026 by the following vote:
Council Members: AYES NAYS ABSTAIN ABSENT
SANCHEZ _____ _____ _______ _______
IBARRA _____ _____ _______ _______
FIGUEROA _____ _____ _______ _______
SHORETT _____ _____ _______ _______
KNAUS _____ _____ _______ _______
FLORES _____ _____ _______ _______
ORTIZ _____ _____ _______ _______
WITNESS my hand and official seal of the City of San Bernardino this ___ day of ____________ 2026.
Telicia Lopez, CMC, City Clerk