HomeMy WebLinkAboutRDA RES 309RESOLUTION NO. 309
A RESOLUTION OF THE PALM DESERT REDE�ELOPMENT
AGENCY AMENDING ITS RESOLUTION NO. 306
WHEREAS, the Palm Desert Redevelopment Agency (the "Agency") has
heretofore adopted its Resolution No. 306 entitled "A Resolution of the Palm Desert
Redevelopment Agency Approving as to form and Authorizing the Execution and Delivery of
Certain Documents in Connection with the Sale acid Issuance of Tax Allocation Revenue Bonds
(Project Area No. 1, As Amended}, Series 1995A and Series 1995B (Ta�table), or the Palm
Desert Financing Authority;" and
WHEREAS, the Palm Desert Financing Authority (the "Authority") has
determined to sell and issue a single series of bonds for Project Area No. 1, As Amended, at this
time, to be designated Tax Allocation Revenue Bonds (Project Area No. 1, As Amended), Series
1995;
NOW, THEREFORE, the Palm Desert Redevelopment Agency DOES HEREBY
RESOLVE, DETERMINE AND ORDER as follows:
Section 1. Recitals. The above recitals, and each of them, are true and
conect.
Section 2. Amendment of Resolution No. 306. Resolution No. 306 of the
Agency is hereby amended as follows:
(a) The title is amended to read as follow$:
"A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY
APPROVING AS TO FORM AND AUTHORIZING THE EXECUTION AND
DELIVERY OF CERTAIN DOCUMENTS IN CONNECTION WITH THE SALE AND
ISSUANCE OF ITS TAX ALLOCATION REVENUE BONDS (PROJECT AREA NO.
1, AS AMENDED), SERIES 1995, OF THE PALM DESERT FINANCING
AUTHORITY". �
(b) The first recital is amended to read as follows:
"WHEREAS, the Palm Desert Financing Authority (the "Authority") has determined to
sell and issue its Tax Allocation Revenue Bonds (Project Area No. 1, As Amended),
Series 1995 (The `Bonds')".
RESOLUTION NO. 309
Section 3. Effective Date. This Resolution shall take effect
immediately upon adoption.
APPROVED AND ADOPTED this 8th day of June, 1995.
AYES: BENSON, KELLY, SNYDER, SPIEGEL, CRITES
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
BUFO�A. CRITES, PRESIDENT
ATTEST:
SHEILA R. GILLLIGAN, S RETARY