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Home My WebLink About17653 - RESOLUTIONS - 10/2/1991RESOLUTION NO. 17653 r OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA MAKING CERTAIN FINDINGS PURSUANT TO HEALTH AND SAFETY CODE SECTION 33445 RELATING TO PAYMENT OF ALL OR PART OF THE VALUE OF LAND FOR AND THE COST OF THE INSTALLATION AND CONSTRUCTION OF CERTAIN BUILDINGS, FACILITIES, STRUCTURES, AND OTHER IMPROVEMENTS WITHIN CERTAIN PROJECT AREAS WHEREAS, the Community Redevelopment Agency of the City of Palm Springs ("Agency") adopted the Redevelopment Plan for the Central Business District Project ("Central Business District") on July 27, 1973, pursuant to Ordinance No. 952 (the "Central Business District Plan"); and WHEREAS, the Agency adopted the Redevelopment Plan for 'the North Palm • Canyon Project on October 19, 1984, pursuant to Ordinance No. 1227 (the "North Palm Canyon Plan"); and WHEREAS, the Agency adopted the Redevelopment Plan for the South Palm Canyon Project on November 30, 1983, pursuant to Ordinance No. 1203 (the "South Palm Canyon Plan"); and WHEREAS, the Agency adopted the Redevelopment Plan for the Baristo-Farrell Project on June 6, 1986, pursuant to Ordinance No. 1264 (the "Baristo-Farrell Plan"); and WHEREAS, the Agency adopted the Redevelopment Plan for the Ramon -Bogie Project on November 30, 1983, pursuant to Ordinance No. 1202 (the "Ramon -Bogie Plan"); WHEREAS, the Agency adopted the Redevelopment Plan for Redevelopment I Project No. 9 on December 21, 1988 pursuant to Resolution No. 583 (the "Project No. 9 Plan"); and WHEREAS, the Agency adopted the Redevelopment Plan for the Tahquitz-Andreas Project on August 26, 1983 pursuant to Resolution No. 145 (the "Tahquitz-Andreas Plan"); (collectively the "Project Areas") • and WHEREAS, the Agency has acquired, or will acquire, certain land (the "Land") and has constructed, or will construct, certain buildings, facilities, structures, and other improvements (collectively "Improvements") within the Project Areas described above which are, or will become, publicly -owned within the meaning of Health & Safety Code Section 3345 (the "Statute"); WHEREAS, the Members of the City Council of the City of Palm Springs (the "City Council") have determined that certain publicly -owned Improvements within the meaning of the Statute, located within one Project Area are of benefit to certain Project Areas other than the Project Area in which the Land and/or Improvements are physically located; and WHEREAS, the City Council has determined that absent the payment of .� certain project costs by project areas which receive benefit from the land and/or improvements, but in which the Land and/or Improvements are not physically located, no other reasonable means of financing such Land and/or Improvements are available to the community; and r ^� r Res. No. 17653 dtG3 Page 2 WHEREAS, all of the findings and determinations made herein were based upon careful consideration and analysis of all relevant and available evidence NOW, THEREFORE, the City Council does hereby resolve and determine as follows: Section 1. The land acquired for the purpose of constructing and installing a fire station which is located within the Tahquitz-Andreas Project is hereby determined to be of benefit to the Bari sto-Farrell Project and the immediate neighborhood in which the Baristo-Farrell Project is located in that it (i) enhances the revitalization of the Baristo-Farrell Project, as it will provide needed fire protection services to the variety of commercial, retail, office, residential, and public uses existing in, and proposed to exist in, the Baristo-Farrell Project; (ii) enhances the marketability of property located within the Baristo-Farrell Project due to the improved and higher level of fire protection services available upon completion of the fire station; and (iii) contributes to the elimination of blight in the Baristo-Farrell Project. Section 2. The public parking facilities constructed in the Central Business District Project are of benefit to the North Palm Canyon Project, the South Palm Canyon Project, and the Bari sto-Farrell Project, and the immediate neighborhoods in which the project areas are located, in that the public parking facilities: (i) are generally available to patrons utilizing commercial and retail businesses within all of the above -described project areas;, (ii) enhance the revitalization of the North Palm Canyon Project, the South Palm Canyon Project, and the Baristo-Farrell Project; ('iii) by promoting and facilitating available public parking, increases employment within the North Palm Canyon Project, the South Palm Canyon Project, and the Bari sto-Farrell Project; (iv) enhance the marketability of commercial and retail property within the North Palm Canyon Project, the South Palm Canyon Project, and the Baristo-Farrell Project; and (v) contribute to the elimination of blight in the North Palm Canyon Project, the South Palm Canyon Project, and the Baristo-Farrell Project. Section 3. The renovation and rehabilitation of the Plaza Theatre, which constitutes a publicly -owned building, facility, structure or improvement within the meaning of the Statute physically located within the Central Business District Project, is of benefit 'to the North Palm Canyon Plan, the South Palm Canyon Project, and the Baristo-Farrell Project, and Project No. 9 and the immediate neighborhoods in which said project areas are located, in that the Plaza Theatre, by attracting patrons into said projects and the immediate neighborhoods in which said projects are located, ('i) enhances the revitalization of the City's retail and commercial areas located within the above -described projects; (ii) increases employment within 'the above -described projects; (iii) generates extra tax revenues for the use of the Agency within the above -described projects; (iv) enhances the marketability of commercial and retail property within the above -described projects; and (v) contributes to the elimination of blight in the above -described projects. Section 4. Based upon the benefit: findings contained in Sections 1-3 above, the Agency is hereby authorized to repay certain City Loans pursuant to the Schedule, in the amounts, and from -the project areas indicated below: 1 1 f' • Res No. 17653 Page 3 r Central North South Business Palm Palm Ramon Baristo ` Purpose District Canyon Canyon Bogie Farrell Total Administration $288,000 $16,100 $ 38,100 $ 32,600 $ 0 $374,800 _ Sidewalks 0 0 0 0 60,700 60,700 f Land Writedown 0 135,000 0 751,000* 0 886,000 Fashion Plaza Offsites 313,600 0 0 0 0 313,600 CBD Parking 0 357,296 357,296 0 357,297 1,071,889 Plaza Theatre 173,500 173,500 173,500 0 173,877 694,377 y $775,100 $681,896 $568,896 $783,600 $591,874 $3,401,366 r *This repayment cannot occur until the Auto Center site is sold to an outside party and the actual land writedown is established to be at least $751,000. If the actual writedown is less, the repayment amount will be limited to the smaller figure. 8 Section 5. The expenditures by the Agency for which the City Loans relate, pertain to, among other things, the Land and Improvements r generally described in Sections 1-3 above, and could not have been made but for the advance of said funds to the Agency from the City. The City Loans constitute valid and binding obligations of the Agency to the City which must be repaid. Through adoption of this Resolution, the City Council specifically determine and find that no other reasonable means of financing such Land and improvements were or are available ° to the community except as provided herein. Section 6. Based upon the findings contained in Sections 1-5 above, r the City Council specifically authorizes and approves the repayment of the City Loans from the proceeds of the loans by the City of Palm Springs Financing Authority (the "Authority") to the Agency from proceeds of the Authority's Revenue (Tax Allocation) Bonds, 1991 Series B (Agency Loans) in the manner provided herein. Section 7. This Resolution shall take effect from and after the date of its passage and adoption. M Adopted this 2nd day of October 19 91. AYES: Councilmembers Broich, Hodges, Murawski and Neel NOES: None ABSENT: Mayor Bono • ATTEST: CITY ALM SP f3"S� CALIFORNIA By . City Clerk i y Man ger REVIEWED & APPROVED � r l]