HomeMy WebLinkAbout17516 - RESOLUTIONS - 5/15/1991 RESOLUTION NO. 17516 '
OF THE CITY. COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, APPROVING:
THE ASSIGNMENT OF THE AMENDED PRE...
DEVELOPMENT COOPERATION AGREEMENT
APPROVED BY RESOLUTION NO. 17364 TO �
PALM MOUNTAIN COMPANY.
- - - •- - - - - - - -
WHEREAS a pre-development cooperation agreement for the Vision Palm
Springs/Downtown core was authorized by Resolution 17124, executed '
on May 16, 1990 between the City and Vision Palm Springs
Consortium, SENCA Real Estate Development Company, its managing
venturer; and
WHEREAS the Amended Pre-development Cooperation Agreement was
amended to restate the study area and to clarify certain other
provisions; and
WHEREAS the amended pre--development , cooperation agreement was
approved by City Council Resolution No. 3.7364 on December 19, 1990; 1J
and
WHEREAS the Vision Palm Springs consortium, SENNCA Real Estate
Development Company, has notified the City of its desire to have
the amended pre-development cooperation agreement, its rights and
privileges, assigned to Palm. Mountain Company.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of
Palm Springs, does hereby approve the assignment of the .Amended
Pre-development Cooperation Agreement between the! City and Vision
Palm Springs consortium, SENC:A. Real Estate Development Company, its
managing venturer to Palm Mountain Company subject to the
conditions contained in the assignment agreement between the
partiqs, including the revision of' the pre-development agreement to
exclude the east side of Palm Canyon Drive from the study area. ,
ADOPTED this 15th day of May -_, 1991.
AYES: Councilmembers Broich, Hodges, Murawski , Neel and Mayor Bono �
NOES: None
ABSENT: None
ATTEST: CIT O PALM SPEi'ING , CALIFORNIA
i
City Clerk City Manager
REVIEWED & APPROVED_ l _� �