HomeMy WebLinkAboutRDA RES 187RESOLUTION NO. 187
RESOLUTION OF THE PALM DESERT REDEVELOPMENT
AGENCY TAKING FURTHER ACTIONS IN CONNECTION WITH
THE ISSUANCE OF BONDS BY THE AGENCY
THE PALM DESERT REDEVELOPMENT AGENCY HEREBY FINDS, DETERMINES,
RESOLVES AND ORDERS AS FOLLOWS:
Section 1. The Agency has heretofore adopted its
Resolutions providing for the issuance and sale of its Palm
Desert Redevelopment Agency, Project Area No. 1, As Amended
(Original Territory Only), Tax Allocation Bonds, Issue of 1985.
The Agency's Financial Consultant, Miller & Schroeder
Financial, Inc., have expressed a desire to bid on the Bonds at
the public sale thereof. The Agency hereby expressly consents
to the acquisition of the Bonds by Miller & Schroeder
Financial, Inc., as principal, either alone or as a participant
in an account formed for the purpose of purchasing the Bonds
from the Agency.
Section 2. Notwithstanding any provision of the
Bylaws of the Agency to the contrary, the Bonds shall be
executed in accordance with the Resolutions authorizing the
issuance and providing for the sale of such Bonds.
PASSED APPROVED and ADOPTED this 14thday of
November , 1985, by the following vote, to wit:
AYES: BENSON, JACKSON, SNYDER, WILSON AND KELLY
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
ATTEST:
SHEILA R. G LIGAN, SE9ETARY
PALM DESERT REDEVELOP T AGENCY
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851016 pf 0324WLS 0
IeHARD S. KELL , CHAI$MAN