HomeMy WebLinkAbout18070 - RESOLUTIONS - 4/7/1993 RESOLUTION NO. 18070
OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CALIFORNIA, APPROVING THE
DISPOSITION AND DEVELOPMENT AGREEMENT
WITH GERALD WAYNE WANTLAND AND HERBERT
JAMES LANE
WHEREAS, the Redevelopment Agency of the City of Palm Springs
( "Agency" ) is constituted under the Community Redevelopment
Law (California Health and Safety Code Section 33000 et seq. )
to carry out the purposes of redevelopment in the City of Palm
Springs (the "City" ) ; and
WHEREAS, on May 23 , 1973 by Ordinance No. 952, the City
Council of the City of Palm Springs approved and adopted a
Redevelopment Plan for the Central Business District Project
Area (the "Plan" ) ; and
WHEREAS, Agency staff has negotiated an Owner Participation
Agreement (the "Agreement" ) with Gerald Wayne Wantland as
Trustee of the Gerald Wayne Wantland Revocable Trust and
Herbert James Lane as Trustee of the Herbert James Lane
Revocable Trust (collectively "Developer" ) pursuant to which
Agency is to sell Developer certain real property within the
Project Area consisting of approximately 6, 508 . 50 square feet
and Developer is to redevelop the property and operate the
Village Florist Gift Shoppe thereon for a minimum of five
years, which project is consistent with the Plan, the General
Plan of the City, and City' s zoning, and which Project will
help expand and diversify the City' s economic base; and '
WHEREAS, notice of a public hearing concerning the Agreement
was published in accordance with applicable law; and
WHEREAS, on April 7, , 7-993 , the Agency and City Council
held a joint public hearing concerning the .Agreement; and
WHEREAS, the City Council has considered the Agency Summary
Report prepared pursuant to Health & Safety Code Section
33433 , the Staff Report, and all the information, testimony
and evidence provided during the joint public hearing on
April 7, , 1993 ;
NOW THEREFORE BE IT RESOLVED by the City Council of the City
of Palm Springs, as follows:
Section 1 . That the above recitals are true and correct
and incorporated herein.
Section 2 . That the City Council does hereby find and
determine as follows :
A. The Agreement effectuates the purposes of
the Plan and is in the highest and best
interests of the City of Palm Springs and
that the Agreement is intended to result
in the development and revitalization of
a portion of the City which will help
expand and diversify the: City' s economic
base.
B. The Agreement effectuates the purposes of
the Community Redevelopment Law by
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Resolution No. 18070
Page 2
reversing or alleviating any serious
physical, social and economic burden on
the Community which cannot reasonably be
expected to be reversed or alleviated by
private enterprise acting alone, in that
' the purpose of the existing Agreement is
to facilitate the redevelopment and
operation of a commercial/retail building
in order to maintain existing sales tax
revenue and attract additional commercial
development within the City and increase
the City' s tax base.
C. The Agreement effectuates the purposes of
the Community Redevelopment Law as it is
intended to eliminate blight and promote
the health, safety, and general welfare
of the people of Palm Springs.
D. The Agreement effectuates the purposes of
the Community Redevelopment Law as the
existing agreement is intended to remedy
inadequate improvements and facilities
which cannot be remedied by private or
governmental action without
redevelopment .
E. It has been determined that the property
is being sold for fair market value for
the reasons set forth in the Agency
Summary Report incorporated herein by
this reference. However, to the extent
it is determined that the property
conveyance described in the Agreement is
conveyed at less than estimated value,
determined at the highest use permitted
under the Plan, such conveyance at lesser
consideration is necessary to effectuate
the purposes of the Plan for the reasons
set forth in A-D above.
Section 3 . The Agreement is hereby approved and
incorporated herein by this reference.
Section 4 . City staff is hereby authorized and directed
to take any appropriate action consistent with
the purposes of this Resolution.
Section 5 . The City Manager is hereby authorized to
execute on behalf of the City all documents
necessary to implement the Agreement in a form
approved by the City Attorney. The City
Council further hereby authorizes the Agency
to authorize the Executive Director to execute
on behalf of the Agency the Agreement and all
other documents necessary to effectuate the
Agreement in a form approved by the City
Attorney.
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Resolution No. 18070
Page 3
ADOPTED this 7th day of April 1993 .
AYES : Members Hodges, Lyons, Reller-Spurgin, Schilendorf, bnd Mayor Maryanov
NOES: None
ABSENT: None
ATTEST: CITY OAF .PAZ1�SPRINGb� FORNIA
C ' y Clerk n f City Mana r 14
REVIEWED & APPROVED
(( be initialed by Dept Heads & City Atty)
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