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CC Resolution 2002-077 RESOLUTION NO. 2002-77 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, ASSIGNING RETAIL VALUE OF 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, and Gamby stuffed animals; and, WHEREAS, these items are distributed at trade events to promote the City; and, WHEREAS, the City receives requests to purchase these items for purposes other than economic development; 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 which includes sales tax 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 (t~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 t~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). 5. The City of La Quinta hereby establishes the retail sales price for one informercial videotape at $7.50. 6. The City of La Quinta hereby establishes the retail sales price for one Gamby stuffed animal at $7.50 -- 7. The City of La Quinta hereby establishes the retail sales price for a box of two logo golf balls at $6.50. Resolution No. 2002-77 Retail Value of Certain City Economic Development Items Adopted: June 4, 2002 Page 2 PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City Council held on this 4th day of June, 2002, by the following vote to wit: AYES: NOES: ABSENT: ABSTAIN: ~ ~ JOHN ~Ji PEN.A .~ ~a?o..r, . City of~a Quinta, California ATTEST: JUlY=J5~. GREEK, CMC,-G~Clerk City of La Quinta, California (City Seal) APPROVED AS TO FORM: City of La Ouinta, California