HomeMy WebLinkAbout7/25/2001 - STAFF REPORTS (3) ORDINANCE NO.
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, APPROVING AND
AUTHORIZING THE EXECUTION OF A SUPPLEMENTAL
LEASE AGREEMENT NO. 3 RELATING TO THE CITY OF
PALM SPRINGS FINANCING AUTHORITY LEASE REVENUE
REFUNDING BONDS, 2001 SERIES A (CONVENTION CENTER
PROJECT)
THE CITY COUNCIL OF THE CITY OF PALM SPRINGS ORDAINS AS FOLLOWS:
SECTION 1. The form of the Supplemental Lease Agreement No. 3 Relating to
Convention Center Facilities, dated as of August 1, 2001, by and between Authority, as Lessor,
and the City of Palm Springs (the "City"), as Lessee (the "Lease Agreement'), a copy of which is
on file with the City Clerk, be and is hereby approved and the Mayor or City Manager or Finance
Director and other appropriate officials of City are hereby authorized and directed to execute,
acknowledge and deliver, in the name and on behalf of the City, the Lease Agreement, with
such changes therein not inconsistent with this ordinance 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 or Finance Director of any other officers executing the same on behalf of the City. The
approval of such changes by said Mayor or City Manager or Finance Director or other officers
shall be conclusively evidenced by their execution of such Lease Agreement.
SECTION 2. The City Council acknowledges and approves of the final maturity date of
the City of Palm Springs Financing Authority Lease Revenue Refunding Bonds, 2001 Series A
(Convention Center Project) extending four (4) years beyond the final maturity date of the City of
Palm Springs Financing Authority Lease Revenue Bonds, 1991 Series A (Convention Center
Project).
SECTION 3. Ordinance No. 1597 is hereby repealed in its entirety and upon the
effective date of this Ordinance shall be of no further force and effect.
SECTION 4. This Ordinance is subject to the referendum provisions contained in the
Charter of the City and state law otherwise applicable to the City.
SECTION 5. The City Clerk is hereby authorized and directed to certify to the passage
of this Ordinance, and to cause the same or a summary thereof to be published at least once in
a newspaper of general circulation in the City, within fifteen days after its adoption.
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IRV#13232 vI
Ordinance No.
Page 2
ADOPTED THIS day of July 2001.
AYES:
NOES:
ABSENT:
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
By:
City Clerk Mayor
REVIEWED & APPROVED
3110140
IRV#13232 v I
r^i
PROOF OF PUBLICATION
This is space for Comity Clerk's Filing Scamp
(2015.5.C.C.P)
STATE OF CALIFORNIA
_County of Riverside
No.8956 - -- ------' - - '
CITY OF PALM SPRINGS
ORDINANCE NO. 1600
AN ORDINANCE OF THE CITY COUNCIL OF
THE CITY OF PALM SPRINGS CALIFORNIA,
3RELA SUPPLEMENTAL
I am a citizen of the United States and a resident of APPROVING AND AUTHORIZING THE E%ECU-
MENT NO. ING TO LTHEECIT AGREE-
MENT the County aforesaid;I am over the age of eighteen PALM SPRINGS FINANCING AUTHORITY
years,and not a party t0 of interested in the LEASE REVENUE REFUNDING BONDS, 2001
above-entitled matter.I am the principal clerk of a SERIES A(CONVENTION CENTER PROJECT
printer of the,DESERT SUN PUBLISHING THE CITY COUNCIL OF THE CITY OF PALM
r SPRINGS ORDAINS AS FOLLOWS-
COMPANY a newspaper of general circulation, SECTION 1.The form of the Supplemental Lease
printed and published in the city Of Palm Springs, Agreement No. 3 Relating to Convention Center
f'Onllh�Of Riverside,and Facilities,dated as of August 1, 2001, by and be-
County which newspaper has been tween Author& as Lessor, and the City of Palm
Spnn s(the "City"),as Lessee(the"Lease Agree-
adjudged anewspaper of general circulation by the memI a copy of which is on foie with the sty
Superior Court of the County of Riverside,State of Clerk, be and is hereby approved and the Mayyor
or City Mana er or Finance Director and"dthery
California under the date of March 24,1988. Case appre note officials of City are hereby authorized
and d"acted to execute, acknowledqe and deliv-
Nnmber ,191236;that the notice,of Which the er, in the name and on behalf of fhe City, the
annexed is a printed copy(set in type not smaller Lease agreement, with such changes t sub not
inconsistent with this ordinance and not rein n-
tially adverse to the City as may be permitted un-
than non pariel,has been published in each regular der the laws of the State and approved by the
and entire issue of said newspaper and not in any Mayor or City Manager or Finance Director of any
other officers executing the same on behalf of the
supplement thereof on the following dates,to wit: CityThe approval of such uhanus by said May-
or r City Manager or Finance Director or other
officers shall be conclusively evidenced by their
August 2nd _ execution of such Lease Agreement.
SECTION 2. The Q Council acknowledges and --
---_---_____..-------------------------______ ty
----------- approves r the final maturity date of the eve of
Palm di nngs and-,
ngg Authority Lease Revenue
_-- Refunding Bonds, 20 1udin Series A (Convention
beyond
------- ------ Center Project)turit extending four (4) years beyond
the final maturity date of the City of Palm Spnnqgs
Fnancing Authority Lease Revenue eonds, 199t
All in the year 2001 Series A (Convention Center Project)
SECTION 3. Ordinance No. 1597 is hereby rs-
pealed in It entirety and aeon the effeouve date of
I certify(or declare)under penalty Of perjury that the feet Ordinance shall be of no further farce and ef-
foregoing is true and correct.
SECTION 4.This Ordinance is subject to the ref-
3rd enmclum Provisions contoured in the Charter of
the
Dated at Palm Springs,California this--------------dayCityCM1y and state law otherwise applicable to the
August SECTION 5. The City Clerk is hereby authorized
0&----'--------------------------------,2001 and directed to certify to the passage of this Or-
dinance and to cause the same or a summary
thereof to ee published at least once City, i news-
. a paper of general lisped t in the cei within s-
teen days after its adoption.
--^--"'-"----------- ADOPTED THIS 25[h day of July 2001.
Signature
AYES: Members Jones, Roller-Spurgin and
Mayor Membersst
NOES Members Hodges and Oden
ABSENT.None
AT:ST CITY OF PALM SPRINGS,CALIFORNIA
By,,s/Patricia A.Sanders lslWdliam G.Klelndenst
REVIEWED &APPROVED
PUB: August 2, 2001