HomeMy WebLinkAboutCC RES 88-106RESOLUTION N0. 88-106
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF PALM DESERT, CALIFORNIA, PROYIDING CONSENT
. TO ITS FINANCIAL ADVISOR TO BID ON
IMPROVEMENT BONDS OF THE CITY
.
THE CITY COUNCIL OF THE C1T�Y OF PALM DESERT. CALIFORNIA,
HEREBY FINDS, DETERMINES, RESOLVES, AND ORDERS AS FOLLOWS:
Section 1. The City Council has heretofore adopted its
Resolution No. 88-74 providing for the issuance and sale of its
improvement bonds representing unpaid assessments 1n Assessment
District No. 87-1. The City's Financial Advisor, Miller 8
Schroeder Financtal, Inc., has expressed a deslre to bid on such
improvement bonds at a public sale thereof. The City Council
hereby expressly consents to the acquisition of such improvement
bonds by Miller 8 Schroeder Financial, Inc., as principal, either
alone or as a participant in an account formed for the purpose of
purchasing such improvement bonds from the City.
PASSED, APPROVED, and ADOPTED by the City Council of the
City of Palm Desert, California, this llth day of Auqust. 1988,
by the following vote, to wit:
AYES: SNYDER, WILSON, BENSON
NOES: NONE
ABSENT: CRITES, KELLY
ABSTAIN: NONE
A TEST:
SHEILA R. GILLIGAN, C Y CLERK
CITY OF PALM DESERT, ALIFORNIA
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J N M. BENSON, MAYOR
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