HomeMy WebLinkAboutRDA RES 464RESOLUTfON NO. 464
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY
— DESIGNATING THE PALM DESERT HOUSING AUTHORITY AS THE
OPERATOR OF CERTAIN RENTAL HOUSING PROJECTS IN THE CITY
OF PALM DESERT
NOW, THEREFORE, THE PALM DESERT REDEVELOPMENT AGENCY
HEREBY FINDS, DETERMINES, RESOLVES AND ORDERS AS FOLLOWS:
Section 1. The Palm Desert Redevelopment Agency is in the process of acquiring
an additional 189 rental housing units located in the City. The Agency also is in the
design/development phase of constructing 36 rental housing units on Santa Rosa Way
known as Pa1m Village Apartments.
Section 2. The Agency hereby designates the Palm Desert Housing Authority as
operator of the additional 189 acquired rental housing units, as well as the 36 Palm Village
Apartments rental units, for and on behalf of the Agency. Such designation shall be
effective upon acquisition of such 189 rental housing units by the Agency and the
Certificate of Occupancy of Palm Village Apartments. The Palm Desert Housing Authority
is hereby further authorized to do all acts and things necessary or appropriate in
connection with the operation of the Palm Village Apartments and such 189 rental housing
units, including but not limited to entering into an agreement or agreements with a private
management company or companies, while being consistent with federal tax regulations
pertaining to tax-exempt bonds.
PASSED, APPROVED AND ADOPTED this 13'h day of February, 2003.
AYES: CRITES, FERGUSON, KEI�LY, SPIEGEL, BF.NSON
NOES: NONE
ABSENT: NONE
ABSTAIN: NorrE
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ATTEST:
M. Benson, Chairperson
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Rac elle D. Klassen, Secretary