HomeMy WebLinkAboutRDA RES 222RESOLUTION NO. 222
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT
AGENCY APPROVING PAYMENT BY THE AGENCY FOR
PART OF THE COST OF THE INSTALLATION AND
CONSTRUCTION OF CERTAIN FACILITIES IDENTIFIED
IN A LOAN AGREEMENT BETWEEN THE CITY AND
AGENCY
THE PALM DESERT REDEVELOPMENT AGENCY HEREBY FINDS,
DETERMINES, RESOLVES AND ORDERS AS FOLLOWS:
Section 1. The Palm Desert Redevelopment Agency
proposes to pay for all or part of the following public
facilities: Purchase of site for street widening and the
construction of public parking areas (collectively, the
"Facilities").
Sectio 2. The installation and construction of the
Facilities described in Section 1, above, will benefit Project
Area No. 1, As Amended, of the Agency, because of all the
following factors: The widening of a public street in the
Project Area to improve traffic circulation and creation of
additional public parking spaces and Will also benefit the
health, safety and welfare of the residents and taxpayers of and
visitors to the City.
Section 3. The cost of the installation and
construction of the Facilities descrtbed in Sectlon 1, above, is
not within the budget of the City of Palm Desert and other
methods of financing the subject Facilities are not feasible et
this time.
Section 4. Based upon the foregoing, and upon other
information presented to the Agency, the Agency hereby finds end
determines (i) that the Facilities described in Section 1, above,
are of benefit to Project Area No. 1, As Amended, of the Agency,
and (ii) that no other reasonable means of financing such
Facilittes is available to the City.
Section 5. The Agency hereby approves peyment of the
cost of the installation and construction of such Facllities.
RESOLUTION N0. 222
...
PASSED, APPROVED AND ADOPTED this 22nd day of June,
AYES:
NOES:
BENSON, CRITES, KELLY, SNYDER, WILSON
NONE
ABSENT: NONE
ABSTA I N : NONE
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