HomeMy WebLinkAbout18045 - RESOLUTIONS - 2/17/1993 RESOLUTION NO. 18045
RESOLUTION OF THE CITY OF PALM SPRINGS,
CALIFORNIA, REGARDING THE HOLDING OF A
PUBLIC HEARING IN CONNECTION WITH THE SALE
AND DELIVERY OF THE NOT TO EXCEED $e,900,000
CITY OF PALM SPRINGS, CALIFORNIA, REFUNDING
AND IMPROVEMENT CERTIFICATES OF
PARTICIPATION, SERIES 1993 (PALM SPRINGS
ASSISTED LIVING CENTER)
WHEREAS, the City of Palm Springs, California (the
"City") , is a municipal corporation and general law city duly
organized and existing under and pursuant to the provisions of
the Constitution and laws of the State of California; and
WHEREAS the City has caused the timer, Y y publication of
notice regarding the holding of the public hearing in accordance ,
with Section 147(f) of the Internal Revenue Code of 1986, as
amended (the "Cede") , in connection with the proposed sale and
r
delivery of the Certificates.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS DOES HEREBY FIND, RESOLVE, DETERMINE AND ORDER AS
FOLLOWS:
Section 1, Public Hearing, Test i many and Comments.
The City has held a public hearing in accordance with provisions
of Section 147(f) Of the Code, and has considered all testimony
and comments rubmithed in connection with the proposed sale and
delivery of the Certificates.
Section 2. approval by City. The City, after
consideration of comments :received at the public hearing, hereby
approves the sale and delivery of the Certificates.
Section 3. Approval by Elected Representative. It
is the purpose and intent of the 'Oity that. this Resolution
constitute approval by the applicable elected representative in
accordance with the terms of Section 147(f) of the Code.
Section 4. Effective Date. This Resolution shall
take effect from and after its passage and adoption.
ADOPTED this 17t:h day of February , 1993.
AYES: Members Lyons, [lodges, Reller-Spurgin, Schlendorf & Mayor Mar•yanov
NOES: None
ABSENT: None
ATTEST: C OF PALM SPR: LIF)RNIA
B _
Y
City Clerk 1 y ManageiT