HomeMy WebLinkAbout18659 - RESOLUTIONS - 7/5/1995 RESOLUTION NO. 18659
OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, RATIFYING
APPROVAL OF THE SETTLEMENT AND
MUTUAL GENERAL RELEASE AGREEMENT
' WITH PALM SPRINGS PARTNERS FOR
PROPERTY LOCATED AT 2500 EAST PALM
CANYON DRIVE, PALM SPRINGS,
CALIFORNIA
WHEREAS a dispute between tite City and Palm Springs Partners arose over whether PS
Partners and its successors-in-interest were obligated to complete off-site improvements called
for in the Parcel Map No. 20358 Subdivision Improvement Agreement No. 2331 (SIA), dated
July 8, 1986 with Desert Flower Investments; and
WHEREAS, in lieu of performance and construction of said off-site improvements by the owner,
the above-referenced settlement has been reached;
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Palm Springs as
follows:
Section 1. That the Settlement and Mutual General Release Agreement between the
City of Palm Springs and Palm Springs Partners is hereby approved.
Section 2. That the payment of$58,780.00 pursuant to said settlement agreement be
deposited in the City's Trust and Agency account and titled Parcel Map 20358 Off-site
Improvements.
ADOPTED this 5 day ofJuly 1995 by the following vote:.
AYES: Councils»embers Hodges, Kleindienst, Lyons, Reller-Spurgin & Mayor Maryanov
NOES: None
None
ASSENT:
ATTEST: \ TY OF PALM SpI GS, CALIFORNIA
-City Cleric City Manager
REVIEWED & APPROVED: