HomeMy WebLinkAboutCC RES 2013-15RESOLUTION NO. 2013-15
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT,
CALIFORNIA, TO ESTABLISH A FUND FOR PURPOSES OF ECONOMIC
DEVELOPMENT PROJECTS IN THE CITY OF PALM DESERT
WHEREAS, City staff historically conducted facade enhancement projects along the
Highway 111 corridor in the City of Palm Desert using Redevelopment funds; and
WHEREAS, the Palm Desert Redevelopment Agency has been eliminated as a result of
actions by the State of California and can no longer facilitate such projects; and
WHEREAS, the City desires to continue to attract new businesses and enhance
businesses already established along the Highway 111 corridor within Palm Desert boundaries;
and
WHEREAS, the City desires to establish and designate a fund for the specific purpose of
said Economic Development activity.
NOW, THEREFORE, BE IT RESOLVED, that:
1. The Finance Director will establish Fund 425, Capital Projects — Economic
Development for the purpose described herein; and
2. Funds from the sale of the old Visitor Center and Corporation Yard will be
allocated to said Fund for the specific purpose of economic development projects such as hotel
facade enhancement, hotel amenities enhancement, retention of a hotel recruitment consultant,
and Highway 111 business facade enhancement.
3. The fund created will be restricted to committed funds, representing resources
whose use is constrained by limitations such as specific purpose as defined above and imposed
by action herein, and remain binding unless removed in the same manner.
PASSED, APPROVED and ADOPTED by the City Council of the City of Palm Desert,
California, at its regular meeting held on the 25th of April, 2013, by the following vote, to wit:
AYES: BENSON, SPIEGEL, TANNER, WEBER, and HARNIK
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
ATTEST:
RACHELLE D. KLASSEN, CrrY CLERK
CITY OF PALM DESERT, CALIFORNIA
JAN . ARNIK, MAYOR