HomeMy WebLinkAboutWells Fargo Bank - Structure a VRate Bond Issue - EIPREGULAR MEETING OF THE
PALM DESERT CITY COUNCIL JANUARY 22, 2009
The following item is placed on the January 22 agenda because it was specifically
continued to this date. However, staff advises that it is no longer necessary and requests
City Council take action to withdraw this item from any further consideration.
XV. CONTINUED BUSINESS
A. REQUEST FOR AUTHORIZATION FOR STAFF TO NEGOTIATE WITH WELLS
FARGO BANK REGARDING ITS PROPOSAL TO ASSIST THE CITY WITH
STRUCTURING A VARIABLE RATE BOND ISSUE TO PROVIDE FINANCING
FOR THE CITY'S ENERGY INDEPENDENCE PROGRAM (Continued from the
meetings of November 20, November 24, and December 11, 2008).
Rec: By Minute Motion, withdraw this item from the agenda.
Action:
CITY COUNCIL ACTION
APPROVED DENTED
RECEWED OTHER 1-4-P r)
MEETING DATE / ;9
AYES: % ,, kroeili/ fly an7P
NOES: NOF VEJ1 t)N
ABSENT: . LOYP
ABSTAIN: /lr5I?2-
VERIFIED BY: ►7f),'11% J
Aril,inzal on File with City ries Office