HomeMy WebLinkAboutRDA RES 328RESOLUTION NO. 328
A RESOLUTION OF THE PALM DESERT RIDEVEIAPMENT
AGENCY APPROVING AS TO FORM AND AUTHORIZING
THE EXECUTION AND DELIVERY OF AN
IMPLEMENTATION AGREEMENT AND APPROVING
CERTASN ACTIONS ZN CONNECTION THEREWITH
WHEREAS, the Palm Desert Financinq Authority (the
"Authority") has determined to sell and issue its Lease Revenue
Bonds (Blythe County Administrative Centar Project), Series 1996
(the "Bonds") for the purpose of tinancinq adminiBtrative
facilities ior the County of Riverside (the "County");
WHEREAS, in connection with the issuance of the Bonds,
the Authority and the County propose to enter into a Lease
Aqreement (the "Lease") pursuant to which the Authority will
lease such administrative iacilities to the County and the County
will make semiannual rental payments to the trustee for the
Bonds; and
WHEREAS, the Lease contemplates that it will be
implemented by an aqreement amonq the Authority, the County and
the Palm Desert Redevelopment Aqency (tha "Aqency");
NOW, THEREFORE, the Palm Desert Redevelopment Aqency
DOES HEREBY RESOLVE, DETERMINE AND ORDER as follows:
Section 1. Recitals. The above recitals, and each oi
them, are true and correct.
Section 2. Implementation Acreement. The form of the
Zmplementation Agreement with respect to the Blythe County
Administrative Center Project (the "Implementation Agreement"),
by and among the Agency, the Authority and the County, presented
at this meetinq and on file with the Secretary of the Aqency, is
hereby approved and the Chairman and the Executive Director, or
either of them, is hereby authorized and directed, for and in the
name and on behalf of the Aqency, to execute and deliver the
Implementation Aqreement in substantially the form hereby
approved, with such additions or chanqes as the officer executinq
the same may approve, such approval to be conclusively evidenced
by his execution and delivery thereof.
Section 3. Other Actg. The officers of the Agency are
hereby authorized and directed, jointly and severally, to do any
and all things, to execute and deliver any and all documents
which they may deem necessary or advisable in order to effectuate
the purposes of the Implementation Aqreement and any such actions
previously taken by such officers are hereby ratified and
confirmed.
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Resolution No. 328
n
Section 4. �ffective Date.
effect immediately upon adoption.
APPROVED AND ADOPTED this 3rd
�A3"�`EST :
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/ Secreta
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This Rasolution shall take
day of July, 1996.
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