HomeMy WebLinkAbout18801 - RESOLUTIONS - 4/3/1996 RESOLUTION NO. 18801
OF THE CITY COUNCIL OF THE CITY OF PALM[ SPRINGS,
CALIFORNIA, APPROVING THE ACQUISITION OF 4.29
ACRES OF LAND LOCATED ON THE WEST SIDE OF GENE
AUTRY TRAIL NORTH OF THE GENE AUTRY ]BRIDGE IN
SECTION 19, T.4S.,R.5E., S-B.M., AND RELATED LOAN. '
WHEREAS, the property owner of 4.29 acres of land located on the west side of Gene Autry
Trail north of the Gene Autry bridge in Section 19, described as Assessor's Parcel No. 680-020-
036, and shown in Exhibit "A" attached hereto and made a part hereof, has agreed to sell the
subject 4.29 acres of land to the City of Palm Springs for the sum of $550,000.00; and
WHEREAS, based on the appraisal from an MAI, Certified General Real Estate Appraiser of
the State of California, it has been determined that $550,000.00 is the fair markett value for the
subject 4.29 acres of land; and
WHEREAS, the 4.29 acre parcel of land is to be acquired to replace: a portion of the 8.53 acres
of Wastewater Treatment Plant Ian(-.[ used for the golf course expansion for the purpose of
constructing replacement settling ponds for the Wastewater Treatment Plant.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Palm Springs,
California, as follows:
Section 1. That the City Council approve the acquisition of 4.29 acres of land on of the west
side of Gene Autry Trail north of the Gene Autry bridge, descried as Assessor's '
Parcel No. 680-020-036, and shown in Exhibit "A" attached hereto and made a
part hereof, for the sum of$550,000.00 plus the customary title and escrow fees
paid by a buyer.
Section 2. That the City Manager and the City Clerk are hereby authorized to sign
documents approved by the City Attorney on behalf of the City of Palm Springs
necessary to consummate the acquisition of said land.
Section 3. That the City Clerk is hereby authorized to accept the deed and arrange for it to
be recorded in The County Recorder's office on behalf of the City of Palm
Springs.
Section 4. That the Finance Director is authorized to record a $550,000.00 loan from the
Sewer Find to the Golf Fund for 4.29 acres of the 8.53 acres of Sewer Fund land
used for the golf course expansion at six percent (6%) for thirty (30) years.
ADOPTED this 3rd day of _April , 1996.
AYES: Members Barnes, F10dges, Oden and Mayor Kleindienst
NOES: None
ABSENT: Member Spurgin —.�
ATTEST: CIT O M S>' II�G , C FORNIA ,
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By City Clerk i y Manag r �—
REVIEWED & APPROVED:Ak. l • � �
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