HomeMy WebLinkAbout18052 - RESOLUTIONS - 2/17/1993 RESOLUTION NO. 18052
OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CALIFORNIA, APPROVING A FORK OF LEASE
AS •STANDARD°' TO BE UTILIZED FOR LAND LEASES CIF
AIRPORT PROPERTY.
WHEREAS the City has developed a standard lease form, and
WHEREAS the Palm Springs Regional. Airport has need 0:1 a form which varies
from the City's standard; and
WHEREAS the City Attorney has helped draft a new lease ]form more suitable for
use when leasing Airport land; and
WHEREAS the proposed form varies from the City's standard form in the
following areas:
• Deletion of the City's right to terminate on each anniversary as
this would make it impossible for someone to secure financing for
site improvements.
• Cast-of-living increases computed every five years rather than
yearly to match Federal suggested provisions.
■ Deletion of the section on charitable leases as such leases are not
allowed on Airport property.
WHEREAS the Airport Commission has reviewed and approved this new form,
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Palm Springs
that the proposed form of lease to be utilized for land leases on Airport
property is hereby approveds as on file with the City iClerk.
ADOPTED this 17th day of February , 1993.
AYES: Members Lyons, Hodges, Reller-Spurgin, Schlendorf & Mayor Maryanov
NOES: None
ABSENT: None -
ATTEST: CIT LUIo P NGS AL 2IFORNIA
By _
( c- �--�-���
`-: City Clerk City Nan ger
REVIEWED & APPROVED
132. RES
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