HomeMy WebLinkAbout21185 - RESOLUTIONS - 1/19/2005 RESOLUTION NO. 21185
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA, APPROVING THE DISSOLUTION OF THE
PUBLIC FACILITIES CORPORATION.
WHEREAS,the Public Facilities Corporation(PFC)was established bythe City Council on August
5, 1981 for the purpose of expediting the issuance of debt for the City; and
WHEREAS, the last debt issuance of the PFC occurred in 1984; and
WHEREAS, the PFC is no longer active in the issuance and maintenance of debt; and
WHEREAS, costs are still incurred for the PFC for accounting and legal fees;
NOW THEREFORE BE IT RESOLVED , that the City Council 'of the City of Palm Springs do
hereby order the dissolution of the PFC, effective immediately.
ADOPTED this 191h day of January, 2005.
AYES: Members Foat, McCulloch, Mills, Pougnet and Mayor Oden
NOES: None
ABSENT: None
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
/� City Clerk City Manager I