HomeMy WebLinkAboutCC RES 75-123f
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RESOUR IOl1 li0 . 7 5-123
A RESOLIRT011 0! Tl� CITY COUNCIL OF THE CI1? OF PAUt
DESSR?, GLI!'0�1U, A[R'EWRIZING 'LUS ADVANCE OF GENERAL
g[1[Ip lq111S8 1�0 T�lE 3TATE 1974 PAR[ EOND ACT FUND.
HH6REAS. tht Citr has entered into an agreement vith the
State Depart�ettt of Parica and Recreation to receive a grant
not to exc�ed the sus of $46.809 (Fort�-sis Thousand Eight
Huadred and Nini Dollars), for the development of the Paln Desert
Comuaitr Park; and
HHEREAS. the regulations of the State Department of Parks
and Recreation provide for an advance not to exceed 90'�G (Ninety
Percent). of the total State Grant until project costs have
been audited by the State, at vhich time the remainder of the
State Grant �►ill be paid;
NOS�i, THEREFORE, BE IT RESOLVED, that the Citq Council herebq
authorizes the advances froan the General Fund to the State 1974
Park Bond Act Fund� not to exceed the sum of $4�680 (Four Thou-
sand Six Hundred and Eighty Dollars). which together rith advances
from the State Department of Parks and Recreation. are required
to pay for the authorized costa of developing the said Palm
Desert Commuaity Park. Advances made under this suthorization
shall be treated in the Citq's books of account as loans to the
State 1974 Park Bond Act Fund. and shall be repaid to the
General Fund upon receipt of the balance of the State Grant after
project costs have been audited bq the State.
PASSED, APPROVED and ADOPTED by the City Council of the City
of Palm Desert. this ltth day of ��+�►' . 1975. by the follow-
ing wte:
AYES: Aston, Benson. Brush, McPherson i Clark
NOES : tlone
ABSEIiT : None /
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City of Ysln aert. Califoraia
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