HomeMy WebLinkAbout1991-08-22Please see Regular City Council Minutes of August 22, 1991.
New Business — Item C.
C. REQUEST FOR REIMBURSEMENT OF PROJECTS THROUGH BOND ISSUE.
Mayor Snyder convened the meetings of the Palm Desert Financing Authority and the Palm
Desert Redevelopment Agency.
Roll Ca11 for the Palm Desert Financing Authority
Present: Excused Absence:
Member Buford A. Crites Member Jean M. Benson
Vice Chairman Richard S. Kelly
Member S. Roy Wilson
Chairman Walter H. Snyder
Roll Call for the Palm Desert Redevelopment Agency
Present: Excused Absence*,
Member Buford A. Crites Member Jean M. Benson
Vice Chairman Richard S. Kelly
Member S. Roy Wilson
Chairman Walter H. Snyder
Mr. Ortega reviewed the report and recommendation.
Councilman Crites moved to: As the Palm Desert Financing Authority, waive further reading and
adopt Resolution No. FA-4, declaring its intention to reimburse from the proceeds of tax-exempt bond
moneys of the City to be expended for a portion of the cost of the expansion of the Civic Center and the
installation and construction of the North Portola Storm Drain; as the City Council, waive further reading
and adopt Resolution No. 91-100, declaring its intention to cause to be reimbursed from the proceeds of tax-
exempt bond moneys of the City to be expended for a portion of the cost of the expansion of the Civic
Center and the installation and construction of the North Portola Storm Drain; as the Palm Desert
Redevelopment Agency, waive further reading and adopt Resolution No. 251), declaring its intention to
reimburse from the proceeds of tax-exempt bond moneys of the City to be expended for a portion of the cost
of the expansion of the Civic Center and the installation and construction of the North Portola Storm Drain.
Councilman Wilson seconded the motion, and it carried by unanimous vote of the three boards.
9