HomeMy WebLinkAboutCC RES 85-120RESOLUTION NO. 85-120
RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF PALM DESERT APPROVING
THE ISSUANCE OF TAX ALLOCATION 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 Bonds of the Agency in the Principal Amount of
$30,000,000 to Aid in the Financing of a Portion of the Cost of
a Redevelopment Project;" "Resolution of the Palm Desert
Redevelopment Agency Determining to Issue a Certain Principal
Amount of Tax Allocation Bonds of the Agency and Providing for
Certain Details of the Bonds;" and "Resolution of the Palm
Desert Redevelopment Agency Providing for the Sale of Tax
Allocation 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 NO. 85-120
Section 2. The issuance oE tax allocation bonds by
the Agency substantially in accordance with the Resolutions
described above is hereby approved.
PASSED, APPROVED AND ADOPTED this 14th day of November
1985, by the following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
BENSON, JACKSON, SNYDER, WILSON AND KELLY
NONE
NONE
NONE
ATTEST: � �-
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� SHEILA R. - LIGAN, TY CLERK
CITY OF PALbi DESER CALIFORNIA
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RI ARD S. KE , rQAYO
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