HomeMy WebLinkAbout10/22/2008 - STAFF REPORTS - 1.C.I.C. CALLING THE NOTE AND APPROVING THE PAYMENT FROM THE
COMMUNITY REDEVELOPMENT AGENCY TO THE CITY FOR REDUCTION
OF THE PRINCIPAL OF THE NOTE TITLED PROMISSARY NOTE VISITORS
CENTER DATED FEBRUARY 7, 2008:
RECOMMENDATION: [City Council] 1) Call a $1,450,000 portion of the Note to
the Community Redevelopment Agency titled Promissory Note Visitors Center
dated February 7, 2008; and 2) [Community Redevelopment Agency] Approve
payment of $1,450,000 to the City of Palm Springs for reduction of the principal
of the note titled Promissory Note Visitors Center dated February 7, 2008.
MATERIALS TO FOLLOW
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