HomeMy WebLinkAboutRDA RES 147RESOLUTION NO. 147
A RESOLUTION OF THE CITY OF PALM DESERT
REDEVELOPMENT AGENCY ACCEPTING AN ADVANCE
FROM THE CITY OF PALM DESERT FOR COSTS
ASSOCIATED WITH THE EXPANSION OF THE
REDEVELOPMENT PROJECT AREA BOUNDARIES.
WHEREAS, the City of Palm Desert has offered an
advance in the amount of $29,500 to defray costs associated
with the expansion of the Redevelopment Project Area;
NOW, THEREFORE RE IT RESOLVED by the City of Palm
Desert Redevelopment Agency that the Agency hereby accepts
the advance offered with the consideration that it is to
be repaid, with interest as currently provided, upon receipt
of sufficient Tax Increments from the expanded Project Area.
PASSED, APPROVED and ADOPTED on this 25th day of
February , 1982, by the following vote to wit:
AYES: Newbrander, Puluq_i, Snyder, & Wilson
NOES: None
ARSENT: McPherson
ABSTAIN: None
MILS N, CHAIRMAN
4411Y
ATTEST:
SHEILA R. GI1 LFrAN, SECR
PALM DESERT REDEVELOPMENGENCY