The URL can be used to link to this page

Home My WebLink About11/16/1988 - IDA MINUTES i MINUTES OF INDUSTRIAL DEVELOPMENT AUTHORITY CITY OF PALM SPRINGS NOVEMBER 16, 1988 A Regular Meeting of the Industrial Development Authority of the City of Palm Springs, California, was called to order by Chairman Bono in the Council Chamber, 3200 Tahquitz-McCallum Way, on Wednesday November 16, 1988, at 7:30 p.m. ROLL CALL: Present: Authority Members Apfelbaum, Broich, Foster, li Neel and Chairman Bono Absent: None PUBLIC COMMENTS: None LEGISLATIVE ACTION: 1. BIRD PRODUCTS NEW FACILITY Recommendation: That the Authority adopt a resolution of inducement for a future bond issue to finance a new manufacturing -facility for the Bird Products Corporation (Gene Autry Trail , south of Vista Chino, potential bond issue $9.5 million). Redevelopment Coordinator reported that Bird Corporation is desirous of expanding its facilities, and bringing services that it has in other locations; that discussions moved toward the idea that the City issue industrial bonds for the facility, and the proposed action sets the date by which expenditures must be made by Bird can be applied toward a bond issue; that there would be no financial responsibility on the part of the City, and repayment is totally the responsibility of Bird. Resolution 001, as recommended, was presented; after which, it was moved by Foster, seconded by Broich, and unanimously carried, that R001 be adopted. ADJOURNMENT There being no further business, Mayor declared the meeting adjourned. JUDITH SUMICH Assistant Secretary MINUTES OF', INDUSTRIAL DEVELOPMENT AUTHORITY CITY OF PALM SPRINGS JANUARY 4, A89 A Regular Meeting of the Industrial Development Authority of the City of Palm Springs, was called to order by Chairman Bono, in the Council Chambers, 3200 Tahquitz-McCallum Way, on Wednesday, January 4, 1989 at 7:30 p.m. ' ROLL CALL: Present: Authority Members Apfelbaum, Broich, Foster, Neel and Chairman Bono Absent: None REPORT OF POSTING OF AGENDA: Assistant City Clerk reported that the agenda was posted in accordance, with Council procedure on December 30, 1988. PUBLIC COMMENTS: a) Dr. Louis Friedman, 3200 E. Bari,sto, stated that one of the platforms of his campaign for mayor in 1988 was to keep the City informed of any injustices; , that National University is going to leave the City; that someone should contact the main office in San Diego and find out why; that he went to the University and was told that the 'staff did not want to leave; and that the City can not afford to lose the University. 1. ADOPTION OF BYLAWS: That the Authority adopt Bylaws to govern its procedures and operations. ' Assistanat City Manager highlighted the staff report given in detail at the study session, and no further report was given. Resolution 002 adopting bylaws governing future procedures and operations of the Industrial Development Authority was presented, after which; it, was moved by Broich, seconded by Foster, and unanimously carried that R002 be adopted. ADJOURNMENT There being no further business Mayor declared the meeting adjourned. JUDITH SUMICH City! Clerk By: PATRICIA A. BODE Assistant City Clerk MINUTES OF INDUSTRIAL DEVELOPMENT AUTHORITY CITY OF PALM SPRINGS MAY 17, 1989 A Regular Meeting of the Industrial Development Authority of the City of Palm Springs, California, was called to order by t Vice-Chairman Apfelbaum, in the Council Chamber, 3200 Tahquitz-McCallum Way, on Wednesday, May 17, 1989, at 7:30 p.m. ROLL CALL: Present: Board Members Apfelbaum, Broich, Foster, and Neel Absent: Chairman Bono APPROVAL OF MINUTES: It was moved by Broich, seconded by Neel , and unanimously carried, Bono absent, that the Minutes of November 16, 1988 and January 4, 1989 be approved. PUBLIC COMMENTS: None LEGISLATIVE ACTION: 1. BP HOLDING (BIRD PRODUCTS) - INDUSTRIAL DEVELOPMENT BONDS Recommendation: That the Authority authorize issuance and sale of industrial development bonds for BP Holdings Company (Bird Products), in a principal amount not to exceed $10 million, including agreement with Nossaman, Guthner, Knos & Elliott, to provide legal services as bond counsel . Report highlighted by Director of Economic Development. Resolution 003, as recommended, was presented; after which, it was moved by Broich, seconded by Foster, and unanimously carried, Bono absent, that R003 be adopted. ADJOURNMENT There being no further business, Vice-Chairman declared the meeting adjourned. EJ)=ITh�SUMICH Assistant Secretary MINUTES OF, INDUSTRIAL DEVELOPMENT AUTHORITY CITY OF PALM SPRINGS APRIL 18, 1990 A Regular Meeting of the Industrial Development Authority of the City of Palm Springs, California, was called to order by Chairman Bono in the Council Chamber, 3200 ', Tahquitz-McCallum Way, on ' Wednesday, April 18, 1990, at 7:30 p.m. ROLL CALL: Present: Board Members ' Broich, Hodges, Murawski , Neel and Chairman Bono Absent: None APPROVAL OF MINUTES It was moved by Broich, seconded by Neel , and unanimously carried, that the Minutes of May 17, 1989 be approved. PUBLIC COMMENTS - None LEGISLATIVE ACTION: 1. BP HOLDINGS/BIRD PRODUCTS Recommendation: That the Authority approve a remarketing agreement with Paine Webber, which substitutes previously approved agent, Drexel Burnham Lambert, for $6 million Variable Rate Demand Redevelopment Bonds, 1989 Series A, authorized by the Authority on May 17, 1989, by Res. 3. Assistant Director of Economic Development highlighted , the Director' s report, which ', was reviewed in detail at the last study session. Resolution 4 approving agreement as recommended, was presented; after which, it was moved by Broich, seconded by Neel , and unanimously carried, that R4 be adopted. ADJOURNMENT There being no further business, Mayor declared the meeting adjourned. I,--I.,JUDITH SUMICH Assistant Secretary I MINUTES OF INDUSTRIAL DEVELOPMENT AUTHORITY ' CITY OF PALM SPRINGS JULY 25, 1990 A Regular Meeting of the Industrial Development Authority of the City of Palm Springs, California, was called to order by Chairman Bono in the Council Chamber, 3200 Tahquitz-McCallum Way, on Wednesday, July 25, 1990, at 7:30 p.m. ROLL CALL: Present: Board Members Broich, Hodges, Murawski , Neel and Chairman Bono Absent: None APPROVAL OF MINUTES It was moved by Broich, seconded by Neel , and unanimously carried, that the Minutes of April 18, 1990 be approved. PUBLIC COMMENTS: None LEGISLATIVE ACTION: 1. BYLAWS AMENDMENT t Recommendation: That the Authority amend bylaws to provide that the Mayor and mayor pro tem shall , ex officio, be the Chairman and Vice-Chairman of the Authority, and eliminating requirement to designate said officers in July of each year. Recommendation highlighted by the Director of Economic Development. Resolution 5, as recommended, was presented; after which, it was moved by Broich, seconded by Neel , and unanimously carried, that R5 be adopted. ADJOURNMENT There being no further business, Chairman declared the meeting adjourned. i y! JUDITH SUM H Secretary MINUTES OF INDUSTRIAL DEVELOPMENT AUTHORITY CITY OF PALM SPRINGS SEPTEMBER 15, 1993 A Regular Meeting of the Industrial Development Authority of the City of Palm Springs, was called to order by Vice-Chairman Spurgin, in the Council Chamber, 3200 Tahquitz Canyon Way, on Wednesday, September 15, 1993, at 7:30 p.m. ROLL CALL: Present: Authority Members Hodges, Lyons, Reller-Spurgin, and Schlendorfi Absent: Chairman Maryanov REPORT OF POSTING OF AGENDA: City Clerk reported that the agenda was posted in accordance with Council procedures on September 10, 1993. APPROVAL OF MINUTES: July 25, 1990 PUBLIC COMMENTS: (3-minute limit per person on matters within the jurisdiction of the Authority) LEGISLATIVE ITEMS: 1. BIRD MEDICAL TECHNOLOGIES INC Recommendation: That the Authority approve sale and transfer of 2 acres of vacant land on the east side of Gene Autry Trail, owned by Bird Medical Technologies, Inc. (formerly BP Holdings Inc.) to D.T. Palm Springs Inter-Continental Golf Center Enterprise Ltd. (P.S. Classic), pursuant (154- to terms of the loan agreement between the Authority and BP Holdings. 002 Report reviewed by City Manager. Resolution 006 was presented; after which, it was moved by Hodges, seconded by Lyons, and unanimously carried, Maryanov absent, that R006 be adopted. ADJOURNMENT ' There being no further business, Vice-Chairman declared the meeting adjourned. JUDITH SUMICH City Clerk 1