CC Resolution 2005-052
RESOLUTION NO. 2005-052
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LA QUINT A, CALIFORNIA, ASSIGNING RETAIL VALUE TO
CERTAIN CITY SIL VERROCK RESORT ITEMS
WHEREAS, as part of the City's economic development efforts, the City
purchased customized economic development items that included merchandise for
SilverRock Resort; and
WHEREAS, these items are now being sold by the City's golf course operator as
part of retail merchandise; and,
WHEREAS, it is in the best interest of the City to allow the golf course operator
to establish a sales price for the former economic development items for SilverRock
Resort.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
La Ouinta, California, that a retail sales price is hereby established for each of the
SilverRock Resort items listed as follows:
1 . The City of La Ouinta hereby establishes the retail sales price for one
SilverRock shirt at the market rate as determined by the City's golf
course operator.
2. The City of La Ouinta hereby establishes the retail sales price for one
SilverRock cap at the market rate as determined by the City's golf course
operator.
3. The City of La Quinta hereby establishes the retail sales price for one
SilverRock visor at the market rate as determined by the City's golf
course operator.
PASSED, APPROVED and ADOPTED at a regular meeting of the La Ouinta City
Council held on this 5th day of July, 2005, by the following vote to wit:
AYES: Council Members Henderson, Perkins, Sniff, Mayor Adolph
NOES: None
ABSENT: Council Member Osborne
ABSTAIN: None
Resolution No. 2005-052
Retail Value/SilverRock Resort Items
Adopted: July 5, 2005
Page 2
ATTEST:
~-" ----d ~.~
J . GREEK, CMC, City Ie
City of La Ouinta, California
(CITY SEAL)
APPROVED AS TO FORM:
~D~or
City of La Ouinta, California