HomeMy WebLinkAbout4714 - MINUTE ORDERS - 2/20/1991 MINUTE ORDER NO. 4714
APPROVING THE COMBINING OF TWO LOANS
GRANTED TO THE PALM SPRINGS INTERNATIONAL
FILM FESTIVAL, ONE GRANTED IN NOVEMBE;R
OF 1989 FOR $70,000 AND A SECOND GRANTED
IN JUNE OF 1990 FOR $50,000; REPAYMENT
OF LOANS WILL BE IN TWO EQUAL PAYMENTS
OF $60,000 PAYABLE ON JANUARY 5, 1993
AND JANUARY 5, 1994.
I HEREBY CERTIFY that this Minute Order, approving the
combining of two loans granted to the Palm Springs
International Film Festival , one granted in November of 1989
for $70,000 and a second granted in June of 1990 for $50,000;
repayment of loans will be in two equal payments of $60,000
payable on January 5, 1.993 and January 5, 1994, was adopted
by the City Council of the City of Palm Springs, California,
in a meeting thereof held on the 20th day of February, 1991.
I---,'JUDITH SUMICH
City Clerk