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CC Resolution 2004-066 RESOLUTION NO. 2004-066 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINT A, CALIFORNIA, ASSIGNING RETAIL VALUE TO CERTAIN CITY ECONOMIC DEVELOPMENT ITEMS WHEREAS, as part of the City's economic development efforts, the City purchases customized economic development items that currently include pens, sandstone coasters, leather coasters, mini-highlighters, infomercials, golf balls, Gamby stuffed animals, license frames, pencils, calculators, magnets, and bags; and, WHEREAS, these items are distributed at trade and community events to promote the City; and, WHEREAS, the City receives periodic requests to purchase these items for purposes other than economic development; and, WHEREAS, the City desires to promote the SilverRock Resort project through the sale of SilverRock merchandise; and, - WHEREAS, the SilverRock items will include shirts, caps, and visors to be sold via the SilverRock website; and, . WHEREAS, it is in the best interest of the City to establish a sales price for the above-listed items. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta, California, that a retail sales price is hereby established for each of the economic development items listed as follows: 1 . The City of La Quinta hereby establishes the retail sales price for a set of five (5) promotional pens at $11.00 ($2.50 each). 2. The City of La Quinta hereby establishes the retail sales price for a set of four (4) sandstone coasters at $12.00 ($3.00 each). 3. The City of La Quinta hereby establishes the retail sales price for a set of four (4) leather coasters at $4.00 ($1 .00 each). 4. The City of La Quinta hereby establishes the retail sales price for a set of - ten (10) mini-highlighters at $8.00 ($1 .00 each). . Resolution No. 2004-066 Retail Value I Economic Development Items Adopted: June 15, 2004 Page 2 5. The City of La Quinta hereby establishes the retail sales price for one infomercial videotape or CD-ROM at $7.50. 6. The City of La Quinta hereby established the retail sales price for a box of two logo golf balls at $6.50. 7. The City of La Quinta hereby establishes the retail sales price for one Gamby stuffed animal at $7.50 8. The City of La Quinta hereby establishes the retail sales price for one license frame at $1.50. 9. The City of La Quinta hereby establishes the retail sales price for a set of ten (10) pencils at $5.50 ($.60 each). 10. The City of La Quinta hereby establishes the retail sales price for one calculator at $ 2.50. 11 . The City of La Quinta hereby establishes the retail sales price for one magnet at $1 .00. 1 2. The City of La Quinta hereby establishes the retail sales price for a set of ten (10) plastic bags at $5.50 ($.60 each). 13. The City of La Quinta hereby establishes the retail sales price for one SilverRock shirt at $68.99. 14. The City of La Quinta hereby establishes the retail sales price for one SilverRock cap at $24.95. 1 5. The City of La Quinta hereby establishes the retail sales price for one SilverRock visor at $19.95. PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City Council held on this 15th day of June, 2004, by the following vote to wit: -------- - . Resolution No. 2004-066 ,,--- Retail Value I Economic Development Items Adopted: June 15, 2004 Page 3 AVES: Council Members Henderson, Osborne, Perkins, Sniff, Mayor Adolph NOES: None ABSENT: None ABSTAIN: None .-"..---..-. DON ADOLPH, M City of La Quinta, ATTEST: ;- ~-d-~.n NE . GREEK, CMC,ylty lerk City of La Quinta, California (CITY SEAL) APPROVED AS T M. KA TH INE JENSON, Ci y Attorney City of La Quinta, California -