HomeMy WebLinkAbout2/14/1984 - MINUTES CITY OF PALM $PRINGS
CITY COUNCI::J�MINUTES
FEBRUARY 14, 1984
An Adjourned Regular Meeting of the City Council was called to order
by Mayor Bogert, in the Large Conference Room, City Hall , 3200
Tahquitz-McCallum Way, on Tuesday, February 21 , 1984, at 3 p.m.
ROLL CALL: Present: Councilmembers Foster, Maryanov, Smith
& Mayor Bogert
Absent: None
LEGISLATIVE ACTION:
1 . WASTEWATER TREATMENT PLANT - REFUNDING CERTIFICATES
OF PARTICIPATION
Finance Director reported that the Public Facilities Corpora-
tion met this date and approved the actions necessary to
interface with those of the City Council to accomplish the
completion of refunding the sewer plant expansion.
Fritz Stradling, legal counsel , explained the various documents
submitted for approval , including amended and restated lease
agreement with the P.S. Public Facilities Corporation, which
calls for lease payments to represent bond principal and
interest payments.
Resolution 14937, consenting to the preparation, sale and
delivery of $20.6 million principal amount of Refunding Certif-
icates of Participation and approving certain documents and
authorizing certain actions in connection therewith, was
prsented; after which, it was moved by Foster, seconded by
Smith, and unanimously carried, that Resolution 14937 be
adopted.
ADJOURNMENT
There being no further business, Mayor declared the meeting
adjourned.
NITH SUMICH
City Clerk