HomeMy WebLinkAboutCC RES 06-064RESOLUTION NO. 06-64
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM DESERT ADOPTING A REIMBURSEMENT POLICY
FOR STAFF COSTS ASSOCIATED WITH LAND -BASED
FINANCING DISTRICTS
RECITALS:
WHEREAS, the City Council of the City of Palm Desert (the "City Council")
encourages development of commercial, residential and industrial property which result
in reciprocal value to the City; and
WHEREAS, the City Council will consider developer or property owner initiated
applications requesting the formation of community facilities districts or assessment
districts to assist these types of development; and
WHEREAS, the City Council has expressed a desire that staff ensures that the
time that is spent by City personnel in connection with the formation of any financing
district, the issuance of bonds and the acquisition and construction of public facilities is
recovered on a revenue neutral basis; and
WHEREAS, City staff have prepared a Reimbursement Policy for Staff Costs
Associated with Land -Based Financing Districts (the "Reimbursement Policy"), a copy of
which Reimbursement Policy has been presented to the City Council and is on file in the
office of the City Clerk and open to public inspection; and
WHEREAS, the City Council has conducted a duly noticed public hearing with
respect to the Reimbursement Policy and the City Council has considered all written
and oral comments submitted with respect thereto;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PALM
DESERT DOES HEREBY RESOLVE, DETERMINE, AND ORDER AS FOLLOWS:
Section 1. The foregoing recitals are true and correct and a substantive part of this
Resolution.
Section 2. The City Council hereby adopts the Reimbursement Policy.
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P6401-0001 \883694v 1.doc
RESOLUTION NO. 06-64
PASSED, APPROVED, and ADOPTED this 11th day of May, 2006, by the
following vote to wit:
AYES: BENSON, CRITES, SPIEGEL, and KELLY
NOES: NONE
ABSENTS: FERGUSON
ABSTAINS: NONE
RICHARD S K'ELLY, MAYOR PR EMPORE
ATTEST:
RACHELLEO. KLA :5 N, tit'( CLE
CITY OF PALM D:S 'T, CALIFORN
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