HomeMy WebLinkAboutRDA RES 191RESOLUTION NO. 191
RESOLUTION OF THE PALM DESERT REDEVELOPMENT
AGENCY TAKING FURTHER ACTIONS IN CONNECTION WITH
THE ISSUANCE OF REFUNDING 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
(Added Territory Only), Tax Allocation Refunding 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 Section 8 of Resolution No. 188of
the Agency.
November
PASSED APPROVED and ADOPTED this 14thday of
, 1985, by the following vote, to wit:
AYES: BENSON, JACKSON, SNYDER, WILSON AND KELLY
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
TTEST:
SHEILA R. GI1LIGAN, SECTARY
PALM DESERT REDEVELOPM T AGENCY
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RIHARD S. KELLY, CHAkRMAN