HomeMy WebLinkAbout12/23/1985 - MINUTES MINUTES OF
CITY OF PALM SPRINGS
CITY COUNCIL AND COMMUNITY REDEVELOPMENT AGENCY
DECEMBER 23, 1985
An Adjourned Regular Meeting of the City Council and of the Community
Redevelopment Agency of the City of Palm Springs was called to order
by Mayor/Chairman Bogert, in the Council Chamber, 3200
Tahquitz-McCallum Way, on Monday, December 23, 1985, at 9 a.m.
ROLL CALL: Present: Council/Agency Members: Birer, Foster, Maryanov
and Mayor/Chairman Bogert
Absent: Council/Agency Member Smith
LEGISLATIVE ACTION:
1 . MAYOR PRO TEM
Due to the expected absence of the Mayor during the coming
weeks, during which signing of additional Convention Center
closing documents may be required; and due to conflict of
interest for Mayor pro tem Maryanov; it was moved by Foster, (70)
seconded by Maryanov, and unanimously carried, Smith absent,
that Eli Birer be elected Mayor pro tem through January 8,
1986.
2. CONVENTION CENTER FINANCING
Economic Development & Housing Director recommended that
the Agency approve the Remarketing Agreement, and ratifying
signing thereof by the Chairman, in the form of Resolutions
389 and 390 to be prepared by legal counsel ; after which,
it was moved by Birer, seconded by Foster, and unanimously
carried, Maryanov abstaining, and Smith absent, that
Resolutions 389 and 390 be adopted.
Economic Development & Housing Director recommended that
the Council approve the Preliminary Official Statement, as (139
submitted, for the Convention Center Certificates of
Participation, in amount of $32.730 million ; official statement
to substantially conform thereto; and ratifying signing thereof
by the Mayor, in the form of Resolution 15758 to be prepared
by legal counsel . He stated that the long-term interest
would be 8 3/4%, and 6 1/2% for the short term.
It was moved by Birer, seconded by Foster, and unanimously
carried, Maryanov abstaining, and Smith absent, that Resolution
15758 be adopted.
ADJOURNMENT
There being no further business, Mayor/Chairman declared
the meeting adjourned to Thursday, December 26, 1985, at
9 a.m. , in the Small Conference Room, City Hall .
JUDITH SUMICH
City Clerk &
Assistant Secretary