HomeMy WebLinkAbout17179 - RESOLUTIONS - 6/20/1990 RESOLUTION NO. 17179
OF THE CITY OF PALM SPRINGS, CALIFORNIA,
APPROVING A LETTER OF INTENT WITH PACIFIC
HOSPITALITY GROUP, WILLIAM H. MCWETHY,
SOLE PROPRIETOR, TO EFFECTUATE THE
RENOVATION AND EXPANSION OF THE DESERT
INN HOTEL PROPERTY (PA 85/BLOCK 2) .
WHEREAS William H. McWethy is the sole proprietor of Pacific Hospitality
Group; and
WHEREAS Pacific Hospitality Group (PHG) has an interest in the improvement
of the Desert Inn Hotel property located at 155 S. Belardo; and
WHEREAS the City and Redevelopment Agency seek to encourage the improvement
of property within redevelopment areas.
NOW THEREFORE, the City of Palm Springs, California, does hereby resolve
the following:
SECTION 1. The Letter of Intent signed by Mr. McWethy, and on file with
the City Clerk, is hereby approved.
SECTION 2. Prior to final acquisition of property and development of the {
project, the City and Redevelopment Agency and Mr. McWethy shall
enter into a formal owner participation agreement.
SECTION 3. It is appropriate for financial assistance to be provided for
improvements which will benefit the community as a whole.
ADOPTED this - 20th___ day of _ June 1990. ,
AYES: Councilmembers Broich, Hodges, Murawski , Neel and Mayor Bono
NOES: None
ABSENT: None
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
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By -='-- =-r------- - •
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City Clerk- �� C.: ;,City Manager
REVIEWED AND APPROVED:
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