HomeMy WebLinkAboutCC RES 04-021RESOLUTION NO. 04- 21
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM
DESERT AMENDING ITS RESOLUTION NO. 90-130 ESTABLISHING A
COMMERCIAL DEVELOPMENT LOW INCOME HOUSING MITIGATION
FEE FOR ALL COMMERCIAL DEVELOPMENTS WITHIN THE CITY OF
PALM DESERT
THE CITY COUNCIL OF THE CITY OF PALM DESERT HEREBY FINDS,
DETERMINES, RESOLVES AND ORDERS AS FOLLOWS:
Section 1. Section 3 of Resolution No. 90-130 of the City Council of the
City of Palm Desert is hereby amended to read as follows:
"Section 3. Accounting and Disbursement of Fees. Fees paid pursuant
to this resolution shall be placed in a special fund of the City of Palm
Desert and may be drawn upon from time to time by the Finance Director
of the City and the Treasurer of the Palm Desert Redevelopment Agency
and allocated and expended solely for the purpose of increasing,
producing, improving and preserving affordable housing for low and very
low income Palm Desert employee households, defined as persons who
work in Palm Desert, including without limitation, by acquiring and
disposing of real property, constructing buildings and structures, improving
real property with onsite and offsite improvements, and providing
subsidies to or for the benefit of such households."
PASSED, APPROVED AND ADOPTED this 25th day of March 2004, by
the following vote to wit:
AYES: BENSON, CRITES, FERGUSON, BELLY, SPIEGEL
NOES: NONE
ABSENTS: NONE
ABSTAINS: NONE
rode.
Robert A. Spiegel, !Mayor/
Attest:
Rachelle D. Klassen, ity Clerk
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