HomeMy WebLinkAbout9/15/2015 - RESOLUTIONS - 037 RESOLUTION NO. 37
A RESOLUTION OF THE OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY TO THE PALM SPRINGS
COMMUNITY REDEVELOPMENT AGENCY, APPROVING
THE SALE OF THE PLAZA THEATRE LOCATED AT
128 SOUTH PALM CANYON DRIVE, TO THE CITY OF
PALM SPRINGS, IN THE AMOUNT OF $1.00, SUBJECT
TO CONDITIONS, PURSUANT TO THE PROVISIONS OF
THE LONG-RANGE PROPERTY MANAGEMENT PLAN.
WHEREAS, the Successor Agency for the Palm Springs Community
Redevelopment Agency received its finding of completion from the California
Department of Finance on January 2, 2014, pursuant to the Dissolution Act; and
WHEREAS, on September 23, 2014, the Oversight Board adopted Resolution
No. 30, approving the sale of the historic Plaza Theatre, located at 128 South Palm
Canyon Drive, to the City of Palm Springs, in the amount of $1.00; and
WHEREAS, on January 9, 2015, the California Department of Finance approved
the Oversight Board adoption of Resolution No. 30, pursuant to conditions; and
WHEREAS, a Notice of Public Meeting pursuant to the sale was posted on
September 3, 2015, pursuant to California Health and Safety Code Section 34181.
NOW, THEREFORE BE IT RESOLVED, THE OVERSIGHT BOARD FOR THE
SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT
AGENCY HEREBY FINDS, RESOLVES AND APPROVES AS FOLLOWS:
SECTION 1. The foregoing recitals are true and correct and incorporated herein.
SECTION 2. The Oversight Board affirms its previous findings and actions, on
September 23, 2014, and the adoption of Resolution No. 30.
SECTION 3. All legal prerequisites to the adoption of this Resolution have been
satisfied.
SECTION 4. The Oversight Board approves the sale of Property No. 7 in the
Long-Range Property Management Plan, the Plaza Theatre, located at 128 South Palm
Canyon Drive, to the City of Palm Springs for the appraised value of $1.00, subject to
the following conditions:
a. The City of Palm Springs will assume the financial responsibility of
the property after the acquisition.
Resolution No. 37
Page 2
b. The City of Palm Springs will secure a new operator, with
conditions the property will be maintained as an historic structure and arts venue.
SECTION 5. This Resolution shall become effective in accordance with
California Health and Safety Code Section 34179(h), which authorizes the California
Department of Finance to review all actions taken by the Oversight Board.
PASSED, APPROVED AND ADOPTED BY THE SUCCESSOR AGENCY TO
THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY ON THIS 15T" DAY
OF SEPTEMBER, 2015.
CATHY VANPORN,
OVERSIGHT BOARD VICE CHAIR
ATTEST:
AMES THOMPSON, CLERK/SECRETARY
Resolution No. 37
Page 3
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, City Clerk of the City of Palm Springs, Oversight Board
Clerk/Secretary hereby certify that Resolution No. 37 is a full, true and correct copy, and
was duly adopted at a special meeting of the Oversight Board for the Successor Agency
to the Palm Springs Community Redevelopment Agency, on September 15, 2015, by
the following vote:
AYES: Board Members Arthur, Marshall, Ready, and Vice Chair Van Horn.
NOES: None.
ABSENT: Board Member Foat, and Chair Howell.
ABSTAIN: None.
AMES THOMPSON, CITY CLERK
City of Palm Springs, California
Oversight Board Clerk/Secretary