HomeMy WebLinkAboutRDA RES 132RESOLUTION NO. 132
A RESOLUTION OF THE CITY OF PALM DESERT REDEVELOPMENT
AGENCY ACCEPTING AN ADVANCE FROM THE CITY OF PALM DESERT
FOR COSTS ASSOCIATED WITH THE AMENDMENT OF THE REDEVELOP-
MENT PROJECT AREA BOUNDARIES AND PLAN AND ADOPTING A BUDGET
FOR SAID COSTS.
WHEREAS, the City of Palm Desert has offered an advance in the
amount of $33,250 to defray the costs associated with the study of the
feasibility of amending the present Project Area Boundaries and Plan;
NOW, THEREFORE BE IT RESOLVED by the City of Palm Desert Redevelop-
ment Agency that:
Section 1. The Agency hereby accepts the advance offered with the
condition that it is to be repaid, with interest as currently provided,
upon receipt of Tax Increments generated by the revised Plan when
in effect.
Section 2. The sum of $33,250 is hereby appropriated to a new account:
"Feasibility Study - Project Area and Plan Revision" to defray costs
associated with said study.
PASSED, APPROVED and ADOPTED on this 14th day of May , 1981, by
the following vote to wit:
AYES: McPherson, Newbrander, Puluqi, Snyder & Wilson
NOES: None
ABSENT: None
ABSTAIN: None
ROywILSON, CHAIR
ATTEST:
SHEILA R. GILLIGAN, SECREyA?
PALM DESERT REDEVELOPMENT -AGENCY
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