HomeMy WebLinkAbout17378A - RESOLUTIONS - 12/20/1990 RESOLUTION NO. 17378A
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA, AUTHORIZING A CONVENTION CENTER EXPANSION
PROJECT, NEGOTIATION OF CONTRACTS FOR DESIGN SERVICES
AND PROJECT MANAGE14ENT SERVICES, SOLICITATION OF BIDS,
SELECTION OF A FINANCIAL FEASIBILITY CONSULTANT,
DESIGNATION OF BOND COUNSEL AND UNDERWRITER,
ESTABLISHMENT OF A FINANCING TEAM AND AN ADVANCE OF
' FUNDS.
WHEREAS expansion of the Convention Center is now required to meet the
needs of major users such as IBM; and
« WHEREAS an expansion phase of the Convention Center was contemplated in
the original project plans and Environmental Impact Report; and
WHEREAS the December 31, 1984 and the December 20, 1985 Convention Center
development agreements contemplated that SENCA Palm Springs, Inc. would be
the developer of the Phase II Convention Center Project.
v
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Palm
Springs as follows:
e
-- Section 1. That the 1991 Convention Center Expansion Project is
authorized, said project (a) being within the size and
locational parameters of the original Convention Center -Phase
w II plans, (b) having an approximate area of 34,650 square feet
and (c) costing approximately $9,500,000.
Section 2. That City Staff is authorized to negotiate a contract with
�- Ellerbe Becket, Inc. for project design services for City
Council consideration as soon as possible.
.' Section 3. That City Staff is authorized to negotiate a contract with
SENCA Palm Springs, Inc. for project management
services for City Council consideration at its January 16,
1991 meeting.
Section 4. That City Staff is authorized to solicit competitive bids for
project materials, equipment and construction.
Section 5. That City Staff is authorized to select a financial
w feasibility consultant for the project and to negotiate a
contract for feasibility services for city Council
• consideration as soon as practical.
Section 6. That Rutan & Tucker is designated as bond counsel.
Section 7. That Stone & Youngberg is designated as underwriter and the
r underwriting agreement is approved in a form acceptable to the
City Attorney.
• Section 8. That a team of city Staff, Rutan & Tucker as Bond Counsel and
Stone & Youngberg as underwriters is authorized to pursue
project financing.
Section 9. That a budget amendment of $697,000 is authorized for up-front
expenses associated with the expansion of the convention Center,
with the funds to be provided from General Fund Reserve for
Capital Projects (111-344) and appropriated to Convention Center
-� Expansion - Building and Equipment (138-305-0282-4503) , with all
pre-development expenses to be reimbursed from the proceeds of the
bond issue.
ADOPTED this 19th day of December , 1990
AYES: Councilmembers Broich, Hodges, Murawski , Neel and Mayor Bono
NOES: None
ABSENT: None
- ATTEST,:
/� CITY OFF PALM /S/PRANGS,, CALIFORNIA
_ BYE ( �Y- -
( City Clerk ACting City Manager
REVIEWED & APPROVED _