City Council

15.a PUBLIC HEARING TO CONSIDER THE ISSUANCE OF TAX-EXEMPT 753\nBONDS BY THE CALIFORNIA PUBLIC FINANCE AUTHORITY IN\nSUPPORT OF FINANCING IMPROVEMENTS TO HAZELDEN BETTY\nFORD FOUNDATION'S HEALTH CARE FACILITIES\nRECOMMENDATION:\n1. Conduct a public hearing under the Tax Equity and Fiscal\nResponsibility Act of 1982 and the Internal Revenue Code of 1986,\nas amended, and the related Treasury Regulations, on the\nproposed issuance of tax-exempt bonds by the California Public\nFinance Authority.\n2. Adopt a Resolution entitled “A RESOLUTION OF THE CITY\nCOUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA,\nAPPROVING THE ISSUANCE OF REVENUE BONDS BY THE\nCALIFORNIA PUBLIC FINANCE AUTHORITY ON BEHALF OF\nHAZELDEN BETTY FORD FOUNDATION AND REQUESTING\nTO JOIN THE CALIFORNIA PUBLIC FINANCE AUTHORITY AS\nAN ADDITIONAL MEMBER.”