HomeMy WebLinkAbout17714 - RESOLUTIONS - 12/18/1991 RESOLUTION NO. 17714
OF THE CITY COUNCIL OF THE CITY OF
i
PALM SPRINGS , CALIFORNIA ,
ESTABLISHING A DOWNTOWN PROPERTY
IMPROVEMENT PROGRAM
WHEREAS declining E levels pr op
-of , erty maintenance and improvements FA
are evident in downtown Palm Springs; and
WHEREAS, current economic conditions make obtaining financing for
these improvements difficult; and
WHEREAS, the City can make: low interest lOaLns to downtown
businesses and property owners to encourage downtown
revitalization, and
WHEREAS, a Downtown Property Improvement Program has been developed
and reviewed by the City Council.
NOW, THEREFORE, BE IT RESOLVED by the City Council of 'the City of
Palm Springs, as follows:
SECTION 1. That a Downtown Property Improvement Program,
dated November 19, 1.991, on file in the office of
the City Clerk, encompassing low interest: small
loans to businesses and property Owners downtown, '
is approved with an initial budget of $125, 000.
SECTION 2 . That 'the City Manager is authorized to appoint a
Downtown Property Improvement Loan Committee
comprised of, but not limited to, the Director of
Economic Development, the Director of Finance and "
an officer of a local bank.
SECTION 3 . That the City Manager is authorized to approve
loans of up to $20, 000 in accordance with approved
guidelines for the: subject Improvement Program.
SECTION 4 . That the final form of the guidelines are subject . _
to City Attorney review to assure that loan
guidelines and security instruments provide J
protection to the City.
SECTION 5. That the boundaries of the project: are as follows:
Beginning at the point of intersection of the
Southerly prolongation of the Westerly line of
Belardo Road with the Southerly line of Ramon Road;
thence, Easterly along the Southerly lane of Ramon
Road to the Easterly line of Indian Avenue; thence,
Northerly along the Easterly line of Indian Avenue
to the Northerly line of Granvia Valmonte; thence,
Westerly along 'the Northerly line of Granvia
Valmonte to the Easterly line of Pailm Canyon, Drive;
thence, Northerly along the Easterly line of Palm
Canyon Drive to the Easterly prolongation of the
Northerly line: of Lot 125 of Merito Vista Tract;
thence, Westerly along said Easterly prolongation
and said Northerly line to the Westerly :Line of
said Lot 125; thence, Southerly along said Westerly `
line to the Southerly line of Lot 122 of Merito
Vista Tract; thence, Westerly along said Southerly
line and its Westerly prolongation to the Westerly
line of Belardo Road; thence, Southerly along the
Westerly line. of Belardo Road to the Southerly line
of Alejo Road, being the Northerly line of the
O'Donnell Golf Course; thence, Easterly along the
Resolution 1771-9,
Downtown Property Improvctaent
January S, 1992
� Page 2
' Southerly line of Alejo Road to the Westerly line
of Delardo Road; thence, Southerly along the
Westerly line of Selardo Road and the Easterly line
of the O'Donnell Golf Course to the Southeast
corner of said Golf Course; thence, Westerly along
'the Southerly line of the O'Donnell Golf Course to
the toe of the San Jacinto Mountains; thence, in a
Southerly direction along the toe of said Mountains
to a point of intersection with the Westerly
prolongation of the Southerly line of Tahquitz--
McCallum Way; --.hence, Easterly along said Western
prolongation and along the Southerly line of
Tahquitz-McCallum Way to the Westerly line of
Delardo Road; thence, Southerly along the Westerly
line of Delardo Road to the point of beginning, and
all properties immediately adjacent to these
boundaries.
Adopted this lath day of December, 1991.
AYES: Councilmembers Broich, Hodges, Murawski , Neel and Mayor Bono
► NOES, None
ABSENTe None
ATTEST: CITY F P ALIFORNIA
by.
City Cleric y Mana er
REVIEWED & APPROVED
1Y
Y
Y