HomeMy WebLinkAbout18124 - RESOLUTIONS - 6/23/1993 RESOLUTION NO. 18124
OF THE CITY COUNCIL" CITY OF PALM SPRINGS,
CALIFORNIA AMENDING THE DOWNTOWN
PROPERTY IMPROVEMENT PROGRAM
WHEREAS, on December 18, 1991 the City Council established and funded the
Downtown Property Improvement Program for the purpose of making low interest
loans to downtown tenants and property owners,to encourage exterior improvements
and stimulate the revitalization of downtown Palm Springs; and
WHEREAS, the program has been successful by providing loans to a number of
downtown property owners and merchants and assisting them with upgrading and
improving the exterior facades of their properties/businesses; and
WHEREAS, it is necessary to amond the program guidelines to include a third category
of user entitled Community Services Improvement Loans which would allow for a loan
up to $25,000 to non-profit organizations wishing to make improvements to the
interior or exterior of their facility, including but not limited to, amphitheater type
staging; and
WHEREAS, it is desirable to support organizations wishing to contribute to the overall
downtown ambiance by creating entertainment type facilities enhancing downtown
and attracting residents and visitors alike;
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Palm Springs,
as follows: I
Section 1 . The Downtown Property Improvement Program established per
Resolution No. 17714 dated December 18, 1991 , on file in the
office of the City Clerk, is hereby amended.
Section 2. That a third category is added to the program guidelines entitled
"Community Service Improvement Loans" allowing loans of not
to exceed $25,000, payable in 3 years (36 months) available to
non-profit organizations, and secured by personal or real property
acceptable by the City.
ADOPTED this 23rd day of June 1993.
AYES; Members Hodges, Lyons, Keller-Spurgin, Schlendorf and Mayor Maryanov
NOES: None
ABSENT: None
ATTEST: ---CITY OF PALME?P�iINGS, CALIFORNIA
Efty Clerk City Mane or
REVIEWED & APPROVED —_aka