Resolution No. 97121
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RESOLUTION NO. 9712
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
VERNON APPROVING THE ISSUANCE OF REVENUE BONDS BY
THE CALIFORNIA MUNICIPAL FINANCE AUTHORITY IN AN
AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED
$10,000,000 FOR THE PURPOSE OF FINANCING AND
REFINANCING THE ACQUISITION AND DEVELOPMENT OF
MANUFACTURING FACILITIES FOR 5699 DISTRICT BLVD.
LLC AND VALUE MEATS, DOING BUSINESS AS CHARLIE'S
PRIDE MEATS, 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,
and development of manufacturing facilities; and
WHEREAS, 5699 District Blvd. LLC, a California limited
liability company (the "Owner"), has requested that the Authority
issue one or more series of revenue bonds in an aggregate principal
amount not to exceed $10,000,000 (the "Bonds") and loan the proceeds
thereof to the Owner for the acquisition and development of an
approximately 33,400 square foot facility for the manufacture of
cooked and cured deli meat products and ready to eat foods, including
fixtures, furniture and equipment (the "Facilities"), to be located on
approximately 1.6 acres situated at 5699 District Blvd., Vernon,
California (the "Site," and together with the Facilities, the
"Project"); and
WHEREAS, Project is to be owned by the Owner and operated by
Value Meats, a California corporation doing business as Charlie's
Pride Meats; and
WHEREAS, the Bonds will not be an obligation of the City of
Vernon (the "City"), and neither the faith and credit nor the taxing
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1power of the City will be pledged to the payment of the Bonds, nor will
the City be obligated in any manner to make any appropriation for such
payment, as the Bonds are to be repaid from loan payments made by the
JBorrower; and
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 City because the Project will be located within
the territorial limits of the City; and
WHEREAS, the City Council of the City (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, the Authority has requested that the City 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 Joint Exercise of Powers Agreement,
dated as of January 1, 2004 (the "Agreement"), among certain local
agencies, including the City; and
WHEREAS, pursuant to Section 147(f) of the Code, the City
Council has,.following notice duly given, held a public hearing on
October 6, 2008, regarding the issuance of the Bonds, at which time all
interested persons were given an opportunity to be heard on all matters
relative to the financing or refinancing of the Project and the
Authority's issuance of the Bonds therefore; and
WHEREAS, it is in the public interest and for the public
11benefit that the City Council approve the issuance of the Bonds by the
Authority for the financing of the Project.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
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CITY OF VERNON AS FOLLOWS:
SECTION 1: The City Council of the City of Vernon hereby
finds and determines that the recitals contained hereinabove are true
and correct.
SECTION 2: The City Council of the City of Vernon hereby
approves the Project and the issuance of the Bonds by the Authority.
It is the purpose and intent of the City Council that this resolution
constitute approval of the Project and the issuance of the Bonds by the
Authority, 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 Facilities are or are to be
located, in accordance with said Section 147(f), (b) Section 4 of the
Agreement, and (c) Section 91530 of the California Government Code.
This resolution shall not constitute approval of the Project or the
Bonds for any other purpose.
SECTION 3: The Mayor, the Mayor Pro-Tem, the City
Administrator, the Treasurer, the City Clerk and the City Attorney of
the City (each an "Authorized Officer"), are hereby authorized and
directed, jointly and severally, to do any and all things 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.
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SECTION 4: The City Clerk of the City of Vernon shall
certify to the passage of this resolution, and thereupon and
thereafter the same shall be in full force and effect.
APPROVED AND ADOPTED this 6th day of October, 2008.
ATTEST:
MATtELA GIRON, 'Citly Clerk
Name: Leonis Ca Malburg
Title: Mayor /
11 - 4 -
1 STATE OF CALIFORNIA )
2 ) ss
COUNTY OF LOS ANGELES )
3
4 I, MANUELA GIRON, City Clerk of the City of Vernon, do hereby
5 certify that the foregoing Resolution, being Resolution No. 9712, was
6 duly adopted by the City Council of the City of Vernon at a regular
7 meeting of the City Council duly held on Monday, October 6, 2008, and
8 thereafter was duly signed by the Mayor or Mayor Pro-Tem of the City of
9 Vernon.
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12 UELA GIRO ity Clerk
13 (SEAL)
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OFFICE OF THE CITY ATTORNEY
Jeff A. Harrison, City Attorney
4305 Santa Fe Avenue, Vernon, California 90058
Telephone (323) 583-8811 Fax (323) 826-1438
March 24, 2009
Mr. John Stoecker
Financial Advisor
California Municipal Finance Authority
2111 Palomar Airport Road, Suite 320
Carlsbad, CA 92011
Re: CMFA Fee Sharinq - Charlie's Pride Meats
Dear John:
Thank you for.the check in the amount of $4,635.00 made payable to
the City of Vernon representing its 25% share of the CMFA fee
concerning bond financing for the development of a facility within
the City of Vernon owned and operated by Value Meats, a California
corporation doing business as Charlie's Pride Meats.
In accordance with the policy of the CMFA to donate another 25% to a
non-profit facility, the City of Vernon would like the Los Angeles
Regional Food Bank to be the beneficiary of the CMFA fee sharing.
If you have any questions, please contact me.
Sincere ,
J A. Harrison
C ty At or
JH:j1
cc: Ms. Nelly Giron, City Clerk (Resolution No. 9712)
E,cfusively Industrid
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that on Monday, October 6, 2008, a public hearing as
required by Section 147(f) of the Internal Revenue Code of 1986 will be held with respect to the
proposed issuance by the California Municipal Finance Authority (the "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 and refinance the acquisition and development
of an approximately 33,400 square foot facility for the manufacture of cooked and cured deli
meat products and ready to eat foods, including fixtures, furniture and equipment, to be located
on approximately 1.6 acres situated at 5699 District Blvd., Vernon, California (the "Project");
and (2) pay certain expenses incurred in connection with the issuance of the Bonds. The
facilities are to be owned by 5699 District Blvd. LLC, a California limited liability company (the
"Owner"), and are to be operated by Value Meats, a California corporation doing business as
Charlie's Pride Meats (the "User"). The Owner has filed an application with the Authority for
financing assistance, and reference is made to the application for further particulars.
The Bonds and the obligation to pay principal of and interest thereon and any redemption
premium with respect thereto do not constitute an indebtedness or an obligation of the City of
Vernon, the Authority, the State of California or any political subdivision thereof within the
meaning of any constitutional or statutory debt limitation, or a charge against the general credit or
taxing powers of any of them, but shall be payable solely from certain revenues duly pledged
therefor and generally representing amounts paid by the Owner and the User.
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 Council Chambers, 4305 S. Santa Fe Ave., 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 and refinanced 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 S. Santa Fe Ave., 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.
The hearing may be continued or adjourned or cancelled and rescheduled to a stated time
and place without further notice.
Dated: September 17, 2008.
Manuela Giron, gity Clerk
d
AFFIDAVIT OF POSTING
I, Manuela Giron, City Clerk, of the City of Vernon do hereby certify
that on the 22nd day of September 2008; I did post three (3) copies of
the following:
NOTICE OF PUBLIC HEARING — as required by Section 147(f) of the
Internal Revenue Code of 1986 with respect to the proposed
issuance by the California Municipal Finance Authority of its
revenue bonds in an amount not to exceed $10,000,000.00. The
facilities are to be owned by 5699 District Blvd. LLC (Owner) and
operated by Value Meats, a California Corporation doing business
as Charlie's Pride Meats (User).
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 published in the City of Vernon.
Date: kt4,11u��� &tt
anuela Giron
City Clerk
State of California )
) ss
County of Los Angeles) �]
On '.n�rtt; 30 20-0(� before me,
Notary Public, personally appeared Manuela Giron
who proved to me on the basis of satisfactory evidence to be the
person O whose name(i) is/&e subscribed to the within instrument and
acknowledged to me that Ire/she/thy executed the same in /herAt-h�=
authorized capacityO, and that by h7i-s/her/t4—x -signature(/) on
the instrument the person O , or the entity upon behalf of which the
person(o) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of
California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal
J� UDITM A. IEHR
0Commission # 1646385
1MVCWnrn.EXpkftFeb19.2014
Notary Public - California
Los Angeles County
DECLARATION OF PUBLICATION
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
JUDY LEHR
CITY OF VERNON
LEGAL DEPT
4305 SANTA FE AVE
VERNON CA 90058
NOTICE OF PUBLIC HEARING
CHARLIE'S PRIDE MEATS
HEARING/CLOSE/SALE DATE: 10/06/08
The undersignedsays:
I am over the age of 18 years and a citizen of the
United States. I am not a party to and have no interest in
this matter. I am a principal clerk of the METROPOLI-
TAN NEWS -ENTERPRISE, a newspaper of general cir-
culation in the City of Los Angeles, the Judicial District
of Los Angeles, the County of Los Angeles, and the State
of California, as adjudicated in Los Angeles Superior
Court Case No. 601165. The notice, a printed copy of
which appears hereon, was published on the following
date(s): Sep 18, 2008
I declare under penalty of perjury that the foregoing is
true and correct. Executed at Los Angeles, California on
09/18/08.
signature -
Metropolitan News -Enterprise
P.O..Box 60859
Los Angeles, Ca 90060
Phone: (213) 346-0033
Fax: (213) 687-3886
Cust. Num.: 011501 Control Num.: 805256
Cust. Ref. Num.:10-6-08 111111111111111111111111111111111111IN
The hearing may be continued or
adjourned or cancelled and rescheduled
to a stated timeand place without further
notice.
Dated: September 17, 2008.
NOTICE OF PUBLIC HEARING
/s/ Manuela Giron, City Clerk
CN805256 10-6-08 Sep 18, 2008
NOTICE IS HEREBY GIVEN that on
Monday, October 6, 2008, a public
hearing as required by Section 147(f) of
the Internal Revenue Code of 1986 will
be held with respect to the proposed
issuance by the California Municipal
Finance Authority (the "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 and
refinance the acquisition and .develop-
ment of an approximately 33,400 square
foot facility for the manufacture of
cooked and cured deli meat products
and ready to eat foods, including fixtures,
furniture and equipment, to be located on
approximately 1.6 acres situated at 5699
District Blvd., Vernon, California (the
_
"Project"); and (2)-pay certain expenses
incurred In connection with the issuance
of the Bonds. The facilities are to be
owned by 5699 District Blvd. LLC, a
California limited liability company (the
"Owner"), and are to be operated by
Value Meats, a California corporation
doing business as Charlie's Pride Meats
(the "User"). The Owner has filed an
application with the Authority for financ-
ing assistance, and reference is made to
the application for further particulars.
The Bonds- and the obligation to pay
principal of and interest thereon and any
redemption premium with respect thereto
do not constitute an indebtedness or an
obligation of the City of Vernon, the
Authority, the State of California orany
political subdivisionthereof within the
meaning of any constitutional or statutory
debt limitation, or a charge against the
general credit or taxing powers of any of.
them, but shall be payable solely from
certain revenues duly pledged therefor
-
and generally representing amounts paid
by the Owner and the User.
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
Council Chambers, 4305 S. Santa Fe
.Ave., Vernon, California 90058. Inter-
ested 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 and refinanced
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 ad-
dressed to, City Clerk, City of Vernon,
4305 S. Santa Fe Ave., Vernon, Califor-
nia 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 meet-
ing.
Page I of I
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that on Monday, September 22, 2008, a public hearing
as required by Section 147(f) of the Internal Revenue Code of 1986 will be held with respect to
the proposed issuance by the California Municipal Finance Authority (the "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 and refinance the acquisition and development
of an approximately 33,400 square foot facility for the manufacture of cooked and cured deli
meat products and ready to eat foods, including fixtures, furniture and equipment, to be located
on approximately 1.6 acres situated at 5699 District Blvd., Vernon, California (the "Project");
and (2) pay certain expenses incurred in connection with the issuance of the Bonds. The
facilities are to be owned by 5699 District Blvd. LLC, a California limited liability company (the
"Owner"), and are to be operated by Value Meats, a California corporation doing business as
Charlie's Pride Meats (the "User"). The Owner has filed an application with the Authority for
financing assistance, and reference is made to the application for further particulars.
The Bonds and the obligation to pay principal of and interest thereon and any redemption
premium with respect thereto do not constitute an indebtedness or an obligation of the City of
Vernon, the Authority, the State of California or any political subdivision thereof within the
meaning of any constitutional or statutory debt limitation, or a charge against the general credit or
taxing powers of any of them, but shall be payable solely from certain revenues duly pledged
therefor and generally representing amounts paid by the Owner and the User.
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 Council Chambers, 4305 S. Santa Fe Ave., 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 and refinanced 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 S. Santa Fe Ave., 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: August 27, 2008.
Manuela iron, City Clerk
AFFIDAVIT OF POSTING
I, Manuela Giron, City Clerk, of the City of Vernon do hereby certify
that on the 27th day of August 2008, I did post three (3) copies of the
following:
NOTICE OF PUBLIC HEARING — as required by Section 147(f) of the
Internal Revenue Code of 1986 with respect to the proposed
issuance by the California Municipal Finance Authority of its
revenue bonds in an amount not to exceed $10,000,000.00. The
facilities are to be owned by 5699 District Blvd. LLC (Owner) and
operated by Value Meats, a California Corporation doing business
as Charlie's Pride Meats (User).
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 published in the City of Vernon.
Date: K77
Manuela Giron
City Clerk
State of California )
)ss
County of Los Angeles)
On0G-US7 9, odd' before me,u
Notary Public, personally appeared Manuela Giron
who proved to me on the basis of satisfactory evidence to be the
person(g) whose name(,') is/asubscribed to the within instrument and
acknowledged to me that -1+e/,9he y executed the same in h-i-s/her/err
authorized capacity(4-e-s), and that by h4ns/her/t--e signature() on
the instrument the person(j), or the entity upon behalf of which the
person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of
California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal JUDITHA. LEHR
Commission # 1646385
Lallotary Public - California
Los Angeles County -
L My Comm. Expkes Feb 19. 201
DECLARATION OF PUBLICATION
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
JUDY LEHR
CITY OF VERNON
LEGAL DEPT
4305 SANTA FE AVE
VERNON CA 90058
NOTICE OF PUBLIC HEARING
VALUE MEATS
HEARING/CLOSE/SALE DATE: 09/22/08
The undersigned says:
I am over the age of 18 years and a citizen of the
United States. I am not a party to and have no interest in
this matter. I am a principal clerk of the METROPOLI-
TAN NEWS -ENTERPRISE, a newspaper of general cir-
culation in the City of Los Angeles, the Judicial District
of Los Angeles, the County of Los Angeles, and the State
of California, as adjudicated in Los Angeles Superior
Court Case No. 601165. The notice, a printed copy of
which appears hereon, was published on the following
date(s): Sep 3, 2008
I declare under penalty of perjury that the foregoing is
true and correct. Executed at Los Angeles, California on
09/03/08.
sign tore
Metropolitan News -Enterprise
P.O. Box 60859
Los Angeles, Ca 90060
Phone: (213) 346-0033
Fax: (213) 687-3886
Cust. Num.: 011501 Control Num.: 803768
Cust. Ref. Num.: 9-22-08
adjourned to a stated time and place
without further notice.
Dated: August 27, 2008
/s/ Manuela Giron, City Clerk
NOTICE OF PUBLIC HEARING CN803768 9-22-08 Sep 3, 2008
NOTICE IS HEREBY GIVEN that on
Monday, September 22, 2008, a public
hearing as required by Section 147(f) of
the Internal Revenue Code of 1986 will
be held with respect to the proposed
issuance by the California Municipal
FinanceAuthority(the "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 and
refinance the acquisition and develop-
ment of an approximately 33,400 square
foot facility for the manufacture of
cooked and cured deli meat products
and ready to eat foods, including fixtures,
furniture and equipment, to be located on
approximately 1.6 acres situated at 5699
District Blvd., Vernon, California (the
"Project"); and (2) pay certain expenses
incurred in connection with the issuance -
of the Bonds. The facilities are to be -
owned by 5699 District Blvd. LLC, a
California limited liability company. (the
"Owner"), and are to be operated by
Value Meats, a California corporation
doing business as Charlie's Pride Meals
(the "User"). The Owner has filed an
application with the Authority for financ-
ing assistance, and reference is made to
the application for further particulars.
The Bonds and the obligation to pay
principal of and interest thereon and any
redemption premium with respect thereto
do not constitute an indebtedness or an
obligation of the City of Vernon, the -
Authority, the State of California or any
political subdivision thereof within the
meaning of any constitutional or statutory
debt limitation, or a charge against the
general credit or taxing powers of any of
them, but shall be payable solely from
certain revenues duly pledged therefor
and generally representing amounts paid
by the Owner and the User.
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
Council Chambers, 4305 S. Santa Fe
Ave., Vernon, California 90058. Inter-
ested 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 and refinanced
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 ad-
dressed to, City Clerk, City of Vernon,
4305 S. Santa Fe Ave., Vernon, Califor-
nia 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 youorsomeone else raised at the
hearing described in this notice or in
written correspondence delivered to the
City of Vernon at, or prior to, the meet-
ing.
The hearing may be continued or
Page I of 1