HomeMy WebLinkAboutCC RES 87-112RESOLUTION N0. 87-112
A RESOLUTION OF THE C[TY COUNCIL OF THE CITY
Of PALM DESERT APPROVING THE ISSUANCE OF TAX
ALLOCATION BONDS BY THE PALM DESERT
REDEVELOPMENT AGENCY
1HE CITY COUNCIL OF THE CITY OF PALM DESERT HEREBY FINDS.
DE�ERMINES, RESOLVES AND ORDERS AS FOLLOWS:
Section 1. The Palm Desert Redevelopment Aqency
proposes to adopt its Resolution entitled "A Resolution of the
Palm Uesert Redevelopment Agency Authorizing the (ssuance and
Providinq for the Sale of its Prolect Area No. l, as Amended
(Added Territory Only), of Tax Allocation Bonds of the Agency to
Aid in the Financin4 of a Portion of the Cost of a Redevelopment
Proiect," a copv of which has been presented to the City Council
of the Citv of Palm Desert.
Section 2. The issuance of tax allocation bonds bv
the Aqencv substantially in accordance with the Resolution
described above is herebv approved.
NASSED. APPROVED ANU AUOPTED this IOth day of December.
1987.
AYES:
NOES:
ABSEN (" :
AB�TAIN:
i:P.ITE�. KELLY. SNrUER. WILSUN. BENSON
NUNE
ti�..�NE
NC;r,E
A I fE:�T:
_i��1��
�- � _... . .._ _._. ..----- -- -- - - -
SHEILA R. LLfGAN, �TY CLERK
�EAN M. BEN�UN. MAYOR