HomeMy WebLinkAboutRDA RES 215RESOLUTION NO. 215
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT
AGENCY PROVIDING CONSENT TO ITS FINANCIAL
ADVISOR TO BID ON IMPROVEMENT BONDS OF 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 Bonds, Series 1988. The
Agency's Financial Advisor, Miller & Schroeder Financial, Inc.,
has expressed a desire to bid on the Bonds at a 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.
PASSED, APPROVED, and ADOPTED by the Palm Desert
Redevelopment Agency this llth day of August. 1988, by the
following vote, to wit:
AYES: CRITES, SNYDER, WILSON, BENSON
NOES: NONE
ABSENT: KELLY
ABSTAIN: NONE
N M. BENSON, CHAIRMAN
ATTEST:
-SHEILA R. GILLIGAN, SECRETARY
PALM DESERT REDEV,.P"LOPMENT AGENCY