HomeMy WebLinkAboutCC RES 92-021RESOLUTION NO. 92-21
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF PALM DESERT, CALIFORNIA, MAKING CERTAIN
FINDINGS WITH RESPECT TO THE COMPLEXITY OF
PROPOSED COMMUNITY FACILITIES OISTRICT NO.
91-1 (INDIAN RIDGE PUBLIC IMPROVEMENTS)
WHEREAS, on December 1Z, I991, this City Council adopted a
resolution of intention to establish a community facilities
district (the "District") and set a public hearing thereon to be
held on January 23, 1992.
WHEREAS, this City Council has received information with
respect to the District and the facilities and services proposed
to be financed through the issuance of bonds of the City for the
District from the City staff and others and opened said public
hearing on January 23, 1992, and has continued said hearing to
this date.
WHEREAS, City staff and Sunrise Desert Partners (the
"Property Owner") are continuing their review of the proposed
rate and method of appo�tionment of the speciai taxes to be
levied in the District, the agreement regarding the acquisition
and funding of the public improvements, and arrangements with
other public agencies, all of which may affect the structure of
said bonds and the costs of issuance thereof, but such impact
cannot be ascertained until such matters have been finally
determined.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Palm Desert, California as follows:
SECTION 1: The foregoing recitals are true and correct,
and, accordingly, this City Council finds that further input from
the special tax consultant. District counsel and the Property
Owner is needed in connection with the public heari�g on the
formation of the District and the special taxes to be levied
within the District.
SECTION 2: In light of the complexity of the proposed
District, the public hearing continued to this date is hereby
further continued to the next regular City Council meeting on
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March 12, 1992, and, at the discretion of this City Council, may
exceed six months from January 23, 1992, all as permitted by
Section 53325 of the California Government Code.
PASSED, APPROVED, and ADOPTED by the City Council of the
City of Palm Desert, California, this 12th day of March, 1992
by the foilowing vote, to wit:
AYES: BENSON, CRITES, SNYDER, WILSON, KELLY
NOES: NONE
ABSENT: NONE
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ABSTAIN: NONE '
RICHARD S. KELLY, MAYOR
ATTEST: --� -
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SHEILA R. GILLIGAN, ITY CLERK
CITY OF PALM DESER,, CALIFORNIA