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HomeMy WebLinkAboutCC RES 02-132RESOLUTION NO. 02-132 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT FINDING THAT THE USE OF MONEYS IN THE LOW AND MODERATE INCOME HOUSING FUND OF THE PALM DESERT REDEVELOPMENT AGENCY OUTSIDE PROJECT AREA NO. 1, AS AMENDED, WILL BE OF BENEFIT TO THE PROJECT AREA THE CITY COUNCIL OF THE CITY OF PALM DESERT HEREBY FINDS, DETERMINES, RESOLVES AND ORDERS AS FOLLOWS: Sectionl. The City Council hereby finds, determines, ratifies and confirms that the use of moneys in the Low and Moderate Income Housing Fund of the Palm Desert Redevelopment Agency outside Project Area No. 1, As Amended, will be of benefit to the Project Area. PASSED, APPROVED and ADOPTED this 24th day of October , 2002. AYES: BENSON, CRITES, FERGUSON, SPIEGEL, KELLY NOES: NONE ABSENTS: NONE ABSTAINS: NONE Richard S. Kelly, Mayo: Attest: 1t�achelle D. Klassen, City Clerk P6402\0001 \7083 86.1