HomeMy WebLinkAbout17479 - RESOLUTIONS - 4/9/1991 RESOLUTION NO. 17479
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS
CALIFORNIA, APPROVING AND AUTHORIZING THE
EXECUTION OF A SUPPLEMENTAL LEASE AGREEMENT
NO. 1 RELATING TO THE CONVENTION CENTER
FACILITIES WITH RESPECT TO THE CITY OF PALM
SPRINGS FINANCING AUTHORITY LEASE REVENUE BONDS,
1991 SERIES A (CONVENTION CENTER PROJECT).
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Palm
Springs that:
Section 1 . The form of the Supplemental Lease Agreement No. 1 Relating
to Convention Center Facilities, dated as of April 1 , 1991 ,
by and between Authority, as Lessor, and City, as Lessee
(the "Supplemental Lease Agreement") submitted herewith
is hereby approved and the Mayor or City Manager and other
appropriate Officials of City are hereby authorized and
directed to execute, acknowledge and deliver, in the name
and on behalf of City, the Supplemental Lease Agreement,
with such changes therein riot inconsistent with this
resolution and not substantially adverse to the City as
may be permitted under the laws of the State and approved
by the Mayor or City Manager of any other officers executing
the same on behalf of City. The approval of such changes
by said Mayor or City Manager or other officers, and that
such are not substantially adverse to City, shall be
conclusively evidenced by the execution of such Supplemental
Lease Agreement,
Section 2e The Mayor or City Manager or Treasurer or any other
appropriate officers of City are further authorized and
directed to execute such certifications, financing
statements, assignments, the official statements and
instruments as are, in the opinion of Special Counsel ,
necessary or appropriate to perfect the assignments set
forth in the Trust Agreement and to consummate the
transactions contemplated by this Resolution and provided
for in the aforementioned documents.
Section 3. This resolution shall take effect and be in force immediately
after its adoption.
Adopted this 9th day of April 19 91 ,
AYES: Councilmembers Hodges, Murawski , Neel and Mayor pro tem Broich
NOES: None
ABSENT: Mayor Bono
ATTEST; � CITY PALM SPRIN C FORNIA
BY '-----!- �
City Clerk y anage
REVIEWED & APPROVED