HomeMy WebLinkAbout18272 - RESOLUTIONS - 1/19/1994 RESOLUTION NO. 18272
OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, C.ALIFORNIA, FINDING THPLT THE
REDEVELOPMENT AGENCY'S PROVIDING PUBLIC
IMPROVEMENTS TO BE NECESSARY TO EFFECTUATE THE
PURPOSES OF THE REDEVELOPMENT PLAN,; FINDING
THAT THE PROVISION OF AN ART WORK IN LIEU OF
PAYMENT OF FEES TO SATISFY THE REQUIREMENTS OF '
THE PUBLIC ART FEE PROGRAM AND DIRECTING THE
PUBLIC ARTS COMMISSION TO DEVELOP AN AGREEMENT
FOR THE PROVISION OF THE ART; IN CONNECTION
WITH THE SUBSTANTIAL RENOVATION OF THE FORMER
BANK OF AMERICA BUILDING LOCATED AT 101 NORTH
PALM CANYON DRIVE AS PROPOSED BY RON MALONE OF
CHEYENNE CATTLE COMPANY.
WHEREAS, the former Bank of America Building located at the corner
of North Palm Canyon Drive at Tahquitz Canyon Drive has remained
vacant for an extended period of time in the heart of the Downtown
area of Palm Springs; and
WHEREAS, this building represents a key to the overall
revitalization of the Downtown area as an arts and entertainment
district, but requires extensive and extraordinary renovation to
structural and mechanical systems in the building; and
WHEREAS, Ron Malone of Cheyenne Cattle Company has prepared a
concept plan for a major entertainment complex in this building and
has successfully negotiated a 25-year sublease agreement with Bank
of America for this purpose; and '
WHEREAS, Mr. Malone has retained architects and engineers to
prepare an itemized Project Budget and they have identified
$216, 000 in unanticipated costs which render this substantial
renovation not feasible without some assistance from the City.
WHEREAS, the Redevelopment Agency proposes to provide assistance by
constructing certain public. improvements which would otherwise be
required of the developer, and the City approves such assistence as
being necessary to effectuate the Redevelopment, Plan pursuant to
Health and Safety Code Section 33421. 1; and
WHEREAS, Mr. Malone proposes to place artwork valued from $10-
$15, 000 in the public :right of way, visible to the public, and may
enter into an agreement to maintain said art work, subject to
review by the Arts Commission, and the placement of such, artwork
would be in lieu of payment of the Art Fee under Zoning Ordinance,
Section 9311. 00.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Palm Springs as follows:
1. The City Council finds that the provision by the
Redevelopment Agency of $50, 000 of public improvements '
including installation of sidewalk pavers, specimen trees
and irrigation, benches and planters, decorative
landscaping and light fixtures at T'ahquitz and Palm
Canyon, which improvements would otherwise be required to
be installed by the developer, is necessary to effectuate
the purposes of the Redevelopment Plan as provided in
Health and Safety Code, Section 32421. 1.
Cheyenne Cattle Co.
Resolution 18272
Page 2
' 2 . The City Council accepts the installation of public art
in connection with the project in the public right of
way, which art shall be maintained by the developer
pursuant to an agreement approved by the Art Commission
and in a form approved by the City Attorney, to be
acceptable in lieu of payment of the Art Fee, pursuant to
Zoning Ordinance, Section 9311. 00 and directs the Art
Commission to work with the developer concerning the time
of the artwork, location and. other issues.
3 . This approval is contingent on the applicant presenting
evidence satisfactory to City Attorney that applicant has
entered into a binding lease for the subject property.
ADOPTED this 19th day of _January_, 1994.
AYES: Members Hodges, Lyons, Reller-Spurgin, Schlendorf and Mayor Maryanov
NOES: None
ABSENT: None
ATTEST: CITY O ALM SPRIN , IFORNIA
City Clerk ry City Manager
' REVIEWED & APPROVED 0..0