HomeMy WebLinkAbout17418 - RESOLUTIONS - 2/6/1991 RESOLUTION NO. 17418
OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CALIFORNIA, AUTHORIZING THE EXECUTION
AND DELIVERY OF A DINT EXERCISE OF POWERS
AGREEMENT BY AND BETWEEN THE CITY OF PALK
SPRINGS AND THE REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS.
WHEREAS the City of Palm Springs (the "City") and the Redevelopment.
Agency of the City of Palm Springs (the "Agency") desire to create and
establish, pursuant to the laws of the State of California, the City of Palm
Springy; Financing Authority (the "Authority" ) ; and
WHEREAS there has been presented to this meeting a proposed form of
.Taint Exercise of Powers Agreement„ dated as of February 1, 1991 (the
"Agreement." ), by and between the City and the Agency, which Agreement. creates
and establishes the Authority; and
WHEREAS the purpose of the Authority is to assist the City and the
Agency in providing for the financing, acquisition, construction and
rehabilitation of public improvements for the benefit of the lands and
inhabitants of the City and the Agency, including but not limited to the
acquisition of land for the benefit of the Palm Springs Regional Airport and
the construction of improvements to the Palm Springs Regional Airport; and
WHEREAS the City may finance, acquire, lease, sell, construct,
reconstruct, repair and improve any real or personal property for the benefit
of the lands and inhabitants of the City; and
WHEREAS, pursuant to the Marks-Roos Local. Bond Poolfag &Al of 1985 being �
Article 4 of Chapter 5 of Division 7 of Title 1, commencing at Section G584,
of the Government Code, an Authority may assist local agencies in financing
capital improvements whenever these are significant public benefits for
taking that action and the participation by the City in the Authority will
benefit the City and the Agency;
NOW THEREFORE HE IT RESOLVED by the City Council of the City of Palm
Springs, as folluwu:
i
Section 1. The proposed form of Agreement, on file with the City Clerk of
the City and incorporated into this Resolution by reference,
is hereby approved. The City Manager is hereby authorized to
execute, and the City Check is hereby authorized to attest,
seal and deliver the Agreement in substantially said form, J
with such chaug,c•c ut additions LhereLo that hereafter may
become necessary in the interests of the City, and which ate
reviewed and approved by the 'City Attorney, any such chanyeu
or additions to be conclusively evidenced by the execution and
delivery of the Agreement.
Resolution No. 17418
Page two
Sectiun 2. This Resolution shall take effect from and after its adoption.
ADOPTED this Gth __ day of Febn'uar _, 1991
AYES: Councilmembers Broich, Hodges, Murawski , Neel and Mayor Bono
NOES: None
ASSENT: None
ATTEST a CITY OF PALM SPRINGS, CALIFORNIA
City Clerk Actiw City Manager
REVIEWED & APPROVED
93.RES
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