HomeMy WebLinkAboutCC RES 98-040RESOLUTION NO. 98-40
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT,
CALIFORNIA, INITIATING PROCEEDINGS FOR THE FORMATION OF THE
PRESIDENT'S PLAZA BUSINESS IMPROVEMENT DISTRICT, AND THE LEVY AND
COLLECTION OF ASSESSMENTS, PURSUANT TO THE PROVISIONS OF PART 7
OF DIVISION 18 OF THE CALIFORNIA STREETS AND HIGHWAYS CODE
The City Council of the City of Palm Desert, Califomia (hereafter referred to as the "City
Council") does resolve as follows:
WHERAS, the City Council desires to initiate proceedings for the formation of
President's Plaza Property and Business Improvement District (hereafter referred to as
the "District") pursuant to the provision of the Property and Business Improvement
District Law of 1994, Part 7 of Division 18 of the Streets and Highways Code of
Califomia (hereafter referred to as the "Act"), formation of a business improvement
district, and the levy and collection of assessments by the County of Riverside for the
City of Palm Desert to pay for the Improvements and Activities as described in the
Management District Plan; and,
WHEREAS, pursuant to the Act, a written petition of the property owners within
the District, representing more than 50 percent of the proposed assessment to be
levied has ben presented to the City Council; and,
WHEREAS, the City Council has retained MBIA MuniFinancial for the purpose of
assisting with the formation of the District and establishment of the assessments, and to
prepare and file a Management District Plan with the City Clerk in accordance with the
Act; and in accordance with the requirements of the Califomia Constitution, Articles
XIIIC and XIIID;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PALM DESERT
DOES HEREBY RESOLVE AS FOLLOWS:
1. The above recitals are true and correct.
2. The City Council hereby orders the MBIA MuniFinancial to prepare and file with the
City Clerk the Management District Plan conceming the formation and establishment
of assessments for the District in accordance with the Act.
3. Proposed improvements: The improvements within the District are more specifically
described in the Management Plan attached hereto and incorporated herein by
reference.
RESOLUTION NO.98-40
4. Boundaries and Designation: The District consists of all parcels located in the
commercial business area known as the President's Plaza within the City of Palm
Desert. The territory is within the City of Palm Desert, within the County of
Riverside, State of Califomia. The proposed district is designated as: "President's
Plaza Property and Business Improvement District".
PASSED, APPROVED and ADOPTED at a regular meeting of the Palm Desert City
Council, held on this 9th, day of April, 1998, by the following vote to wit:
AYES: CRITES, FERGUSON, KELLY, SPIEGEL
NOES: NONE
ABSENT: BENSON
ABSTAIN: NONE
EST:
Otia
SHEILA R. 1 LIGAN, • CLERK
CITY OF PALM DES:: , CALIFORNIA
ROBERT A. SPIEGEL, MA • ` P0 TEMPORE
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