HomeMy WebLinkAboutCC RES 85-119RESOLUTION NO. 85-119
RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF PALM DESERT APPROVING
THE ISSUANCE OF TAX ALLOCATION
REFUNDING BONDS BY THE PALM DESERT
REDEVELOPMENT AGENCY
THE CITY COUNCIL OF THE CITY OF PALM DESERT HEREBY FINDS,
DETERMINES, RESOLVES AND ORDERS AS FOLLOWS:
Section 1. The Palm Desert Redevelopment Agency pro-
poses to adopt its Resolutions entitled "Resolution of the Palm
Desert Redevelopment Agency Authorizing the Issuance of Tax
Allocation Refunding Bonds of the Agency in the Principal
Amount of $30,000,000 to Refinance a Portion of the Cost of a
Redevelopment Project and to Aid in the Financing of a Portion
of the Cost of such Project;" "Resolution of the Palm Desert
Redevelopment Agency Determining to Issue a Certain Principal
Amount of Tax Allocation ReEunding Bonds of the Agency and
Providing for Certain Details of the Refunding Bonds;" and
"Resolution of the Palm Desert Redevelopment Agency Providing
for the Sale of Tax Allocation Refunding Bonds, Issue of 1985,
of the Agency;" copies of which have been presented to the City
Council of the City of Palm Desert, and are on file with the
City Clerk.
RESOLUTION N0. 85-119
Section 2. The issuance of tax allocation refunding
bonds by the Agency substantially in accordance with the
Resolutions described above is hereby approved.
PASSED, APPROVED AND ADOPTED this 14thday of November,
1985, by the following vote, to wit:
AYES: BENSON, JACKSON, SNYDER, WILSON AND KELLY
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
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ATTEST: � /-
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�SHEILA R. GTLLIGAN, ITY CLERK
CITY OF PALM DESERT, CALIFORNIA
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