HomeMy WebLinkAboutCC RES 03-032RESOLUTION NO. 03-32
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM DESERT, CALIFORNIA, ELECTING TO WIND UP AND
DISSOLVE THE CITY OF PALM DESERT GOLF COURSE
FACILITIES CORPORATION
Recitals
A. Pursuant to its Resolution No. 01-45, this City Council
approved and directed the formation of the City of Palm Desert Golf Course
Facilities Corporation, a California nonprofit public benefit corporation (the
"Corporation"), and acknowledged and accepted the designation of the City of
Palm Desert (the "City") as the sole member of such Corporation.
B. The City, acting through it's City Council as the sole member
of the Corporation, desires that the Corporation be wound up and dissolved.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF
PALM DESERT HEREBY FINDS, DETERMINES, RESOLVES, AND
ORDERS AS FOLLOWS:
Section 1. The City Council hereby elects to cause the
Corporation to wind up its affairs and to dissolve. The Corporation shall cease to
conduct its activities, (i) except for the beneficial winding up thereof, to the extent
necessary to carry out its purposes and (ii) except during such period as the Board
of Directors of the Corporation may deem necessary to preserve the Corporation's
goodwill or going -concern value pending a disposition of its assets and contractual
obligations.
Section 2. The Corporation shall cause written notice of the
election by the City to wind up and dissolve the Corporation to be given to all
known creditors and claimants as may be required by law or necessary for winding
up thereof, and to the Attorney General of the State of California. Without
limitation on the generality of the foregoing, the Board of Directors, officers and
other authorized representatives of the Corporation, and the City Council,
officials, staff and authorized representatives of the City, are hereby authorized
and directed to take any action, make any filing and do all things in the name of
the Corporation which may be proper or convenient for the purpose of winding up,
settling and liquidating the affairs of the Corporation.
Section 3. The City Manager is hereby authorized and directed to
provide written notice of the adoption of this Resolution, whereupon it will
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Resolution No. 03-32
City of Palm Desert, this loth day of April
to with:
ATTEST:
RACHELL
become effective in accordance with Section 3.02(d) of the Bylaws of the
Corporation.
PASSED, APPROVED, and ADOPTED by the City Council of the
, 2003, by the following vote,
AYES: CRITES, FERGUSON, KELLY, SPIEGEL, BENSON
NOES: NONE
ABSENT: NONE
( -P-Irt/-
ABSTAIN: NONE
JEAN M. BENSON, MAYOR
D. KLASSEN, CI
CLERK
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