HomeMy WebLinkAboutCC RES 89-078RESOLUTION N0. 89-78
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF PALM DESERT APPROVING PAYMENT BY THE PALM
DESERT REDEVELOPMENT AGENCY FOR PART OF TME
COST OF THE INSTALlATION AND CONSTRUCTION OF
CERTAIN FACILITIES IDENTIFIED IN A LOAN
AGREEMENT BETMEEN THE CITY AND 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
proposes to pay for all or part of the following public
facilities: Purchase of site for street widenin9 end the
construction of public parking areas (collectively, the
"Facilities").
Section 2. The installation and construction of the
Facilities described tn Section 1, above, will benefit Project
a Area No. 1, As Amended, of the Agency, because of al 1 of the
� following factors: The widening of a publlc street in the
Project Area to improve traffic circulation and creatlon of
additfonal public parking spaces and will aiso benefit the
health, safety and welfare of the residents and taxpayers of and
visitors to the City.
Section 3. The cost of the installation and
construction of the Facilities described in Sectlon 1, above, is
not within the budget of the City of Palm Desert and other
methods of financing the sub,�ect Facilities are not feaslble at
thls time.
Section 4. Based upon the foregotng, and upon other
informatton presented to the City Council, the Ctty Council
hereby finds and determines (i) that the Facilities described in
Section 1, above, are of benefit to Project Area No. 1, As
Amended, of the Agency, and (ti) that no other reasonable means
of financing such Facilities is available to the City.
Sectlon 5. The City Council hereby approves payment by
the Agency for the cost of the installation and construction of
such Facilities.