HomeMy WebLinkAboutCC RES 01-047RESOLUTION NO. 01-47
INITIATING PROCEEDINGS FOR THE FORMATION OF THE PRESIDENT'S
PLAZA III PROPERTY AND 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, California (hereafter referred to as the "City
Council") does resolve as follows:
WHEREAS, The City Council desires to initiate proceedings for the formation of
President's Plaza III Property and Business Improvement District (hereafter referred to as
the "District") pursuant to the provisions of the Property and Business Improvement District
Law of 1994, Part 7 of Division 18 of the Streets and Highways Code of California (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
been presented to the City Council; and,
WHEREAS, The City Council has retained 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 California 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 MuniFinancial to prepare and file with the City Clerk
the Management District Plan concerning 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.
4. Boundaries and Desienation: The District consists of all parcels located in the
commercial business area known as the President's Plaza III within the City of Palm
Desert. The territory is within the City of Palm Desert, within the County of
Riverside, State of California. The proposed district is designated as: "President's Plaza
III Property and Business Improvement District."
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RESOLUTION NO. 01-47
The foregoing Resolution . 01-47 was passed and adopted by the City Council of the
City of Palm Desert on the 12th day of April , 2001, by the following
vote:
AYES: BENSON, CRITES, KELLY, SPIEGEL
NOES: NONE
ABSENT: NONE
ABSTAIN: FERGUSON
ATTEST:
SHEILA R. GILLI(LN, CITY CLERK
City of Palm Des
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