Resolution No. 2026-070
Resolution No. 2026-070
July 17, 2026
RESOLUTION NO. 2026-070
A RESOLUTION OF THE MAYOR AND CITY COUNCIL OF
THE CITY OF SAN BERNARDINO , CALIFORNIA
AUTHORIZING AND APPROVING THE FINANCING TO
BE UNDERTAKEN BY THE CALIFORNIA MUNICIPAL
FINANCE AUTHORITY FOR THE BENEFIT OF SAC
HEALTH SYSTEM, INC. IN AN AGGREGATE AMOUNT
NOT TO EXCEED $ 95,000,000 FOR THE PURPOSE OF
FINANCING A PORTION OF THE COSTS OF THE
ACQUISITION OF A BUILDING LOCATED AT 1003 E.
BRIER DRIVE IN THE CITY OF SAN BERNA RDINO,
CALIFORNIA, AND CERTAIN OTHER MATTERS
RELATING THERETO.
WHEREAS, pursuant to Chapter 5 of Division 7 of Title 1 of the Government Code of the State of California (the “Act”), certain public agencies (the “Members”) have entered into a Joint Exercise of Powers Agreement Relating to the California Municipal Finance Authority, dated as of January 1, 2004 (the “Agreement”) in order to form the California Municipal Finance Authority (the “Authority”), for the purpose of promoting economic, cultural and community development, and in order to exercise any powers common to the Members, including the issuance of bonds, notes or other evidences of indebtedness; and
WHEREAS, the City is a Member of the Authority in order to facilitate the promotion of economic, cultural and community development activities in the City, including the financing of projects therefor by the Authority; and
WHEREAS, the Authority is authorized to issue and sell revenue bonds for the purpose, among others, of financing or refinancing the construction of capital projects; and WHEREAS, the Section 4 of the Agreement requires the approval of the governing body of a Member for the issuance of bonds by the Authority with respect to any project located in the jurisdiction of such Member; and
WHEREAS, SAC Health System, Inc., a nonprofit public benefit corporation as described in section 501(c)(3) of the Internal Revenue Code of 1986 (the “Borrower”), has requested that the Authority issue and sell revenue bonds in the maximum principal amount of $ 95,000,000 (the “Bonds”) for the purpose of making a loan to the Borrower, to finance the acquisition, design, construction, renovation, and equipping of the building located at 1003 E. Brier Drive San Bernardino, California 92408, to include the building as part of the healthcare campus, and related capital improvement and equipment costs (the “Project”) owned and operated by the Borrower; and
Resolution No. 2026-070
Resolution No. 2026-070
July 17, 2026
WHEREAS, pursuant to section 147(f) of the Internal Revenue Code of 1986 (the “Code”), the issuance of the Bonds by the Authority must be approved by the “applicable elected representative” required to approve the issuance of Bonds under Section 147(f) of the Code; and WHEREAS, the Authority has requested that the Council approve the issuance of the Bonds by the Authority in order to satisfy the public approval requirement of section 147(f) of the Code and the requirements of Section 4 of the Agreement; and WHEREAS, the Project is located within the territorial limits of the City; and WHEREAS, the City Council is the elected legislative body of the City and is one of the “applicable elected representatives ” required to approve the issuance of the Bonds under Section 147(f) of the Code; and
WHEREAS, pursuant to section 147(f) of the Code, following notice duly given a public hearing regarding the issuance of the Bonds was held and the Council now desires to approve the issuance of the Bonds by the Authority; and
WHEREAS, notice of such public hearing has been duly given as required by the Code, and such public hearing has been held at which all interested persons were given an opportunity to be heard on all matters relative to the financing of the Project and the Authori ty’s issuance of the Bonds therefor; and
WHEREAS, it is in the public interest and for the public benefit that the Council approve the issuance of the Bonds by the Authority for the aforesaid purposes; and WHEREAS, a public hearing was held by the City Council on June 17, 202 6, at the Feldheym Central Library following a duly published notice thereof in a newspaper of general circulation in San Bernardino County, and all persons desiring to be heard have been heard; and WHEREAS, this Resolution is neither intended to nor shall it constitute an approval by the City Council of the San Bernardino Facility for any other purpose (including but not limited to compliance with the California Environmental Quality Act codified within the California Public Resources Code, Section 21100, et seq.).
BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL AS FOLLOWS SECTION 1. Incorporation of Recitals . The above recitals are true and correct and are incorporate herein by this reference.
SECTION 2. Approval. The City Council hereby approves the issuance of the Bonds by the Authority. It is the purpose and intent of the City Council that this resolution constitutes approval of the issuance of the Bonds (a ) by the “applicable elected representative ” of the governmental unit having jurisdiction over the area in which the Corporation ’s facilities are located in accordance with section 147(f) of the Code and (b) by the Council in accordance with Section 4 of the Agreement.
Resolution No. 2026-070
Resolution No. 2026-070
July 17, 2026
SECTION 3. Authority Responsibility. The issuance of the Bonds shall be subject to the approval of the Authority of all financing documents relating thereto to which the Authority is a party. The City shall have no responsibility or liability whatsoever with respect to the Bonds.
SECTION 4. City Officer Responsibility . The City’s officers are hereby authorized and directed (jointly and severally) to do any and all things; and to execute and deliver any and all documents which 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 transaction approved.
SECTION 5. Adoption. The adoption of this Resolution shall not obligate the City or any department thereof to (i ) provide any financing for 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 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.
SECTION 6. City Clerk Responsibility. The officers of the City are hereby authorized and directed, jointly and severally, to do any and all things and to execute and deliver any and all documents which 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 transaction approved hereby.
SECTION 7. 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 8. Effective Date. This Resolution shall become effective immediately.
APPROVED and ADOPTED by the City Council of the City of San Bernardino California and signed by the Mayor and attested by the City Clerk this 17h day of June 2026.
Helen Tran, Mayor
City of San Bernardino
Resolution No. 2026-070
Resolution No. 2026-070
July 17, 2026
Attest:
Telicia Lopez, CMC, City Clerk
Approved as to form:
Sonia Carvalho, City Attorney
Resolution No. 2026-070
Resolution No. 2026-070
July 17, 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. 2026-070, adopted at a regular meeting held on the 17th day of June, 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 18th day of June 2026.
____________________________
Telicia Lopez, CMC, City Clerk