HomeMy WebLinkAbout12/14/1988 - MINUTES MINUTES OF
CITY COUNCIL AND
COMMUNITY REDEVELOPMENT AGENCY
CITY OF PALM SPRINGS
DECEMBER 14, 1988
A Special Meeting of the Community Redevelopment Agency and of the
City Council of the City of Palm Springs, California, was called to
order by Mayor/Chairman Bono, in the Large Conference Room, City Hall ,
3200 Tahquitz-McCallum Way, on Wednesday, December 14, 1988, at 5 p.m.
ROLL CALL: Present: Council Agency Members Apfelbaum, Broich,
Foster, Neel and Mayor/Chairman Bono
Absent: None
LEGISLATIVE ACTION:
1. PA2 - PRAIRIE SCHOONER PROPERTY TRANSFER
City Attorney stated that the meeting was properly noticed
24 hours preceding the meeting; and the purpose is to consider
recommendation of bond counsel to transfer the title of
ownership of the Prairier Schooner property - originally
purchased in connection with the Convention Center site -
from the Agency to the Public Facilities Corporation.
He stated that when the property was first purchased, it
was accepted in the name of the Agency, based on advice of
the bond counsel at that time; that trust deed to First
Interstate Bank includes the property, and it serves as
security and payment on the bond; that the new bond counsel
believes it should be in the name of the Public Facilities
Corporation, and a quitclaim has been prepared to transfer
the title, which includes condition that the site will be
subject to the terms of Agency Agrement No. 154 (P.S.
Performing Arts).
Resolutions 581, authorizing the quitclaim, and Resolution
16648 concurring in action of the Agency, were presented;
after which, it was moved by Foster, seconded by Broich,
and unanimously carried, that Resolutions 581 and 16648 be
adopted.
ADJOURNMENT
There being no further business, Mayor/Chairman declared
the meeting adjourned.
I _
JUDITH SUMICH
City Clerk and
Assistant Secretary