Resolution No. 92811
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RESOLUTION NO. 9281
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
VERNON APPROVING THE ISSUANCE OF THE CALIFORNIA
MUNICIPAL FINANCE AUTHORITY TAX-EXEMPT INDUSTRIAL
DEVELOPMENT REVENUE BONDS (VERNON B, LLC PROJECT),
SERIES 2007 IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO
EXCEED $10,000,000 FOR THE PURPOSE OF FINANCING OR
REFINANCING THE ACQUISITION, CONSTRUCTION,
REHABILITATION, IMPROVING AND EQUIPPING OF A FOOD
PROCESSING AND MANUFACTURING FACILITY AND CERTAIN
OTHER MATTERS RELATING THERETO
WHEREAS, the California Municipal Finance Authority (the
"Authority") is authorized to issue and sell revenue bonds for the
purpose, among others, of financing or refinancing the acquisition,
construction, rehabilitation, improving and equipping of a food
processing and manufacturing facility; and
WHEREAS, Vernon B, LLC, a California limited liability
company, located at 3305 E. Vernon Avenue, Vernon, California (the
"Borrower") has requested that the Authority issue and sell revenue
bonds in the maximum principal amount of $10,000,000 (the "Bonds") for
the purpose of making a loan to the Borrower for the financing or
refinancing of the costs of the acquisition, construction,
rehabilitation, improving and equipping of a food processing and
manufacturing facility to be located in the City of Vernon, California
(the "City"), to be owned by the Borrower and to be operated by Real
Mex Foods, Inc. and the financing of certain costs of issuance related
thereto (the "Project"); and
WHEREAS, in order for the interest on the Bonds to be tax -
)exempt, Section 147(f) of the Internal Revenue Code of 1986, as amended)
(the "Code"), requires that an "applicable elected representative" with
1 respect to the Authority hold a public hearing on the issuance of the
2 Bonds and approve the issuance of the Bonds following such hearing; and
3 WHEREAS, the Authority has determined that the City Council
4 of the City of Vernon (the "City Council") is an "applicable elected
5 representative" to hold such public hearing; and
6 WHEREAS, notice of such public hearing has been duly given as
7 required by the Code, and this City Council has heretofore held such
8 public hearing on April 2, 2007, at which all interested persons were
9 given an opportunity to be heard on all matters relative to the
10 financing or refinancing of the Project and the Authority's issuance of
11 the Bonds therefor; and
12 WHEREAS, it is in the public interest and for the public
13 benefit that the City Council approve the issuance of the Bonds by the
14 Authority for the aforesaid purposes.
15 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
16 CITY OF VERNON AS FOLLOWS:
17 SECTION 1: The City Council hereby finds and determines
18 that the recitals contained hereinabove are true and correct.
19 SECTION 2: The City Council hereby approves the issuance of
20 the Bonds by the Authority for the purpose of providing funds to make
21 a loan to the Borrower to enable the Borrower to finance or refinance
22 the Project. It is the purpose and intent of the City Council that
23 this resolution constitutes approval of the issuance of the Bonds by
24 the Authority for the purposes of Section 147(f) of the Code by the
25 applicable elected representative of the governmental unit having
26 jurisdiction over the area in which the Project is to be located, in
27 accordance with said Section 147(f).
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1 SECTION 3: The issuance of the Bonds shall be subject to
2 the approval of the Authority of all financing documents relating
3 thereto to which the Authority is a party. The City shall have no
4 responsibility or liability whatsoever with respect to the Bonds.
5 SECTION 4: The adoption of this Resolution shall not
6 obligate the City or any department thereof to (i) provide any
7 financing to acquire or construct the Project or any refinancing of
8 the Project; (ii) approve any application or request for or take any
9 other action in connection with any planning approval, permit or other
10 action necessary for the acquisition, rehabilitation or operation of
11 the Project; (iii) make any contribution or advance any funds
12 whatsoever to the Authority; or (iv) take any further action with
13 respect to the Authority or its membership therein.
14 SECTION 5: The Acting City Clerk of the City of Vernon
15 shall certify to the passage of this resolution, and thereupon and
16 thereafter the same shall be in full force and effect.
17 APPROVED AND ADOPTED this 2nd day of April, 2007.
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20 ONIS C. MALBAG, May r
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24 NUELA GIRbN
Acting City Clerk
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1 STATE OF CALIFORNIA )
2 } ss
COUNTY OF LOS ANGELES )
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4 I, MANUELA GIRON, Acting City Clerk of the City of Vernon, do
5 hereby certify that the foregoing Resolution, being Resolution No.
6 9281, was duly adopted by the City Council of the City of Vernon at a
7 regular meeting of the City Council duly held on Monday, April 2, 2007,
8 and thereafter was duly signed by the Mayor of the City of Vernon.
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MANUELA RO
11 Acting City Clerk
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(SEAL)
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SUPPORTING
DOCUMENTS
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that on April 2, 2007, a public hearing as required by
Section 147(f) of the Internal Revenue Code of 1986 as amended, will be held by the City Council
of the City of Vernon, California with respect to the proposed issuance by the California Municipal
Finance Authority of its revenue bonds in one or more series in an amount not to exceed
$10,000,000 (the "Bonds'). The proceeds of the Bonds will be used to: (1) finance or refinance the
acquisition, construction, rehabilitation, improving and equipping of a food processing and
manufacturing facility located at 3305 E. Vernon Avenue, City of Vernon, California; and (2) pay
certain expenses incurred in connection with the issuance of the Bonds. The facilities are owned by
VERNON B, LLC and/or a related entity thereof and will be operated by Real Mex Foods, Inc.
and/or a related entity thereof.
The hearing will commence at 10:00 a.m., or as soon thereafter as the matter can be heard,
and will be held in the City Hall Council Chambers located at 4305 Santa Fe Avenue, Vernon,
California 90058. Interested persons wishing to express their views on the issuance of the Bonds or
on the nature and location of the facilities proposed to be financed or may attend the public hearing
or, prior to the time of the hearing, submit written comments.
Additional information concerning the above matter may be obtained from and written
comments should be addressed to City Clerk, City of Vernon, 4305 Santa Fe Avenue, Vernon,
California 90058.
If you challenge the approval of the proposed issuance by the California Municipal, Finance
Authority of the Bonds or any provision thereof in court, you may be limited to raising only those
issues you or someone else raised at the hearing described in this notice or in written
correspondence delivered to the City of Vernon at, or prior to, the meeting.
notice.
The hearing may be continued or adjourned to a stated time and place without further
Dated: March 15, 2007.
'Pe�la Giron, Act ng City Clerk
s
AFFIDAVIT OF POSTING
I, Manuela Giron, Acting City Clerk, of the City of Vernon do hereby
certify that on the 19th day of March 2007, I did post three copies of
the following:
Notice of Public Hearing — On April 2, 2007, a public hearing as required
by Section 147(f) of the Internal Revenue Code of 1986 as amended, will be held
by the City Council of the City of Vernon, California with respect to the
proposed issuance by the California Municipal Finance Authority of its revenue
bonds in one or more series in an amount not to exceed $10,000,000 (the
"Bonds"). The proceeds of the Bonds will be used to: (1) finance or refinance
the acquisition, construction, rehabilitation, improving and equipping of a
food processing and manufacturing facility located at 3305 E. Vernon Avenue,
Vernon, California; and (2) pay certain expenses incurred in connection with
the issuance of the Bonds. The facilities are owned by VERNON B, LLC and/or
related entity thereof and will be operated by Real Mex Foods, Inc. and/or a
related entity thereof.
On each of the following places, to wit: on the bulletin board outside
the main entrance to the City Hall of the City of Vernon located at
4305 Santa Fe Avenue; at the northwest corner of 38th Street and Santa
Fe Avenue; the northeast corner of Leonis Blvd., and Pacific Blvd.,
all in said City, there being no newspaper of general circulation
printed and publis ed in the City of Vernon.
Date:
nuela Giron
Acting City Clerk
State of California )
) ss
County of Los Angeles)
On ' before me, ,
Notary Public, personally appeared Manue a Giron
personally known to me (or proven to me on the basis of satisfactory
evidence) to be the person(s) whose name(s) is/are subscribed to the
instrument and acknowledged to me that he/she/they executed the
same in his/her/their authorized capacity, and that by his/her/their
signature(s) on the instrument the person(s), or the entity upon
behalf of which the person(s) acted, executed the instrument.
=&*16r_A4_U0 WITNESS my hand and official seal
4DCo 0" Non # 1664907
- �1�- canomm
C01rW Apr1$.201
JUDYLEHR
CITY OF VERNON
LEGAL DEPT
4305 SANTA FE AVE
VERNON CA 90058
NOTICE OF PUBLIC HEARING
VERNON B LLC; REAL MEX FOODS INC
—7 INCHES X $14.00***
PAPER: LOS ANGELES BULLETIN
CITY ATTORNEY DEPT.
RISK MANAGEMENT DEPT.
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that on April 2, 2007, a public hearing as
required by Section 147(f) of the Internal Revenue Code of 1986 as amended,
will be held by the City Council of the City of Vernon, California with respect to
the proposed issuance by the California Municipal Finance Authority of its reve-
nue bonds in one or more series in an amount not to exceed $10,000,000 (the
"Bonds'). The proceeds of the Bonds will be used to: (1) finance or refinance
the acquisition, construction, rehabilitation, improving and equipping of a food
processing and manufacturing facility located at 3305 E. Vernon Avenue, City of
Vernon, California; and (2) pay certain expenses incurred in connection with the
issuance of the Bonds. The facilities are owned by VERNON B, LLC and/or a
related entity thereof and will be operated by Real Max Foods, Inc. and/or a
related entity thereof.
The hearing will commence at 10:00 a.m., or as soon thereafter as the
98.00 matter can be heard, and will be held in the City Hall Council Chambers located
at 4305 Santa Fe Avenue, Vernon, California 90058. Interested persons wish-
ing to express their views on the issuance of the Bonds or on the nature and
location of the facilities proposed to be financed or may attend the public hear-
ing or, prior to the time of the hearing, submit written comments.
Our company extends credit, at its discretion, only to law firms,
banks, escrow companies, and advertising agencies. It is to those
concerns — and not their clients or customers — to which credit is
extended. They are liable for all charges, irrespective of whether
payment is recovered by them from their client or customer.
Charges may include filing fees, processing fees, or other costs in
addition to publication cost.
Fed. I.D. 95-3034078 Terms: NET DUE 60 DAYS
Thank you for your business.
Metropolitan News Company
Remit to: P. O. Box 60859, Los Angeles, Ca 90060
Phone: (213) 346-0033 Fax. (213) 687-3886
CITY OF VERNON
Credit Card Payment - Circle One:
Number
Signature
Additional information concerning the above matter may be obtained from
and written comments should be addressed to City Clerk, City of Vemon, 4305
Santa Fe Avenue, Vernon, California 90058.
If you challenge the approval of the proposed issuance by the California
Municipal Finance Authority of the Bonds or any provision thereof in court, you
maybe limited to raising orgy those issues you or someone else raised at the
hearing described in this notice or in written correspondence delivered to the
City of Vernon at, or prior to, the meeting.
The hearing may be continued or adjourned to a stated time and place
without further notice.
Dated: March 16, 2007
/s/ Manuela Giron, Acting City Clerk
CN772852 4-2-07 Mar 16, 2007
Visa M/C Amex Discover
_ Exp Date
FOR PAYMENT
RAW
PAYMENT COUPON
Inv Num G772852
Inv Date 03/16/07
Inv Amt $98.00
Cust Num 011501
Cust Ref 4-2-07
f
DECLARATION OF PUBLICATION
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
JUDY LEHR
CITY OF VERNON
LEGAL DEPT
4305 SANTA F,E AVE
NOTICE OF PUBLIC HEARING
VERNON CA 90058
NOTICE IS HEREBY GIVEN that
on April 2, 2007, a public hearing as
required by Section 147(0 of the
NOTICE OF PUBLIC HEARING
Internal Revenue Code of 1986 as
VERNON B LLC; REAL MEX FOODS INC
amended, the City of Califor-
niaVernont
with respect to the proposed
HEARING/CLOSE/SALE DATE: 04/02/07
F nance Authorityalofmits Meve ue
bonds in one or more series in an
amount not to exceed $10,000,000
(the 'Bonds"). The proceeds of the
Bonds will be used to: (1) finance or
The undersigned says:
refinance the acquisition, construc-
lion, rehabilitation, improving and
equipping of a food processing and
I am over the age of 18 years and a citizen of the
manufacturing facility located at 3305
E. Vernon Avenue, City of Vernon,
United States. I am not a parry to and have no interest in
Callfomia; and (2) pay certain ex-
this matter. I am a principal clerk of the LOS ANGELES
penses incurred in connection with
the issuance of the Bonds. The
BULLETIN, a newspaper of general circulation in the
facilities are owned by VERNON B,
City of Los Angeles, the Judicial District of Los Angeles,
and wild/be or operateedd entity
al�Max
the County of Los Angeles, and the State of California, as
Foods, Inc. and/or a related entity
adjudicated in Los Angeles Superior Court Case No.
thereof.
BS014387. The notice, a printed copy of which appears
The hearing will commence at
hereon, was published on the following date(s): Mar 16,
10:00 a.m., or as soon thereafter as
the matter can be heard, and will be
2007
held in the City Hall Council Cham-
bers located at 4305 Santa Fe Ave-
nue, Vernon, California 90058. Inter -
I declare under penalty of perjury that the foregoing is
weed wishingtoex
true and correct. Executed at Los Angeles, California on
tss
their views the he
Bonds or on the nature and location
03/16/07.
of the facilities proposed to be fi-
nanced or may attend the public
hearing or, prior to the time of the
1
hearing, submit written comments.
Additional information concerning
Slgita Ye
the above matter may be obtained
from and written comments should be
addressed to City Clerk, City of
LOS An ales BulletinVernon,
g
4305 Santa Fe Avenue,
P.O. Box 60859
Vernon, California 90058.
LOS Angeles, Ca 90060
g
If you challenge the approval of
the proposed issuance by the Califor-
nia Municipal Finance Authority of the
Phone. (213) 346-0033
Bonds or any provision thereof in
Fax: (213) 687-3886
court, you may be limited to raising
only those issues you or someone
else raised at the hearing described in
Cust. Num.: 011501 Control Num.: 772852
orrespon-
this notice or in written of Vernon
dance delivered to the City of Vernon
Cust. Ref. Num.: 4-2-07 I IIIIII I'lll I'lll N"I IIIIL'llll IIII III)
at, or prior to, the meeting.
The hearing may be continued or
adjourned to a stated time and place
without further notice.
Dated: March 15, 2007
/s/ Manuela Giron, Acting City Clerk
CN772852 4-2-07 Mar 16, 2007
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