HomeMy WebLinkAbout18539 - RESOLUTIONS - 1/4/1995 RESOLUTION NO, 18539
OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CALIFORNIA, APPROVING A RENTAL
AGREEMENT BETWEEN THE CITY OF PALM
SPRINGS AND THE PALM SPRINGS REGIONAL
AIRPORT FOR THE CORPORATION YARD SITE,
' AUTHORIZING THE TRANSFER OF THE 9.39
ACRE VISTA CHINO SITE TO THE AIRPORT AND
AUTHORIZING THE REIMBURSEMENT OF
OVERSTATED IN-LIEU PROPERTY FEES TO THE
AIRPORT.
WHEREAS the City of Palm Springs and the Palm Springs Regional Airport are desirous of
formalizing a rental agreement for non-aviation use of the Corporation Yard site, 11 .8816
acres presently with reduction on October 1, 1995 to 9.4965 acres; and
WHEREAS the City of Palm Springs desires to transfer 9.39 acres on Vista Chino to the
Airport for clear zone purposes to offset rental payments for the Corporation Yard and
reimbursement of overstated in-lieu fees until the properties acquisition cost value is depleted,
NOW THEREFORE BE IT RESOLVED AS FOLLOWS:
Section 1 . Rental Agreement No. 3471 between the City of Palm Springs and the
Palm Springs Regional Airport, for the property known as the
Corporation Yard, is hereby approved subject to Federal Aviation
Administration review and approval.
' Section 2. The City's Real Property Manager is hereby authorized and instructed to
complete and process all necessary paperwork to transfer the 9.39 acre
Vista Chino site to the Airport for clear zone purposes. The City Clerk
and City Manager are hereby authorized to execute all necessary
docurnents to effectuate the transfer of the subject 9.39 acres.
Section 3. The City's Director of Finance and Treasurer is hereby authorized and
instructed to establish a special accounting concerning the acquisition
cost value offsets of the 9.39 acres on Vista Chino for the rental on the
Corporation Yard from Oct. 1, 1990 to Oct. 1 , 1995 in the amount of
$505,635, for reimbursement of overstated in-lieu fee payments of
$182,688 to the Airport and for future rental payments until the
acquisition value is depleted.
Section 4. The City's Director of Aviation is hereby authorized and directed to
forward this Resolution and all necessary documentation to the Federal
Aviation Administration so it may complete the Land Release previously
requested by the City Council in Resolution No. 18428.
ADOPTED this 4th day of January , 1995.
AYES: Members Hodges, Kleindienst, Lyons, Resler-Spurgin and Mayor Maryanov
NOES: None
ABSENT: None
ATTEST: CITY O SPRI S CALIFORNIA
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REVIEWED & APPROVED AS TO FORM �/v