HomeMy WebLinkAbout18857 - RESOLUTIONS - 7/3/1996 RESOLUTION NO. 18857
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA, APPROVING THE ACQUISITION OF 4.60
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 4.60 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-
039„ and shown in Exhibit "A" attached hereto and made a part hereof, has agreed to sell the
subject 4.60 acres of land to the City, of Palm Springs for the sum of$590,322.00; and
WHEREAS, based on the appraisal from an MAI, Certified General Real Estate Appraiser of
the State of California, it has been determined that $590,322.00 is the fair market value for the
subject 4.60 acres of land; and
WHEREAS, the 4.60 acre parcel of land is to be acquired to replace a portion of the 8.53 acres
of Wastewater Treatment Plant land 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 approves the acquisition of 4.60 acres of land on of the
west side of Gene Autry Trail north of the Gene Autry bridge, described as '
Assessor's Parcel No. 680-020-039, and shown in Exhibit "A" attached hereto
and made a part hereof, for the sum of$590,322.00 plus the cusfomary 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 as to form 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 $590,322.00 loan from the
Sewer Fund to the Golf Fund for 4.60 acres of the 8.53 acres of Sevier Fund land
used for the golf course expansion, at six percent (6%) for thirty (30) years.
ADOPTED this 3rd day of____ July _, 1996.
AYES: Members Barnes, Hodges , Oden, Spurgin and Mayor Kleindienst
NOES: None
ABSENT: None
ATTEST: CI` PALMS ? S CALIFORNIA '
y - —
City Clerk City Manager
REVIEWED & APPROVED:_ 76
R-94-008 — YMCA
R-94-008.YMCA
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EXHIBIT "A"
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11 DATE:
C'[UroaNl� _j
Acquisition of 4.60 Acres of land on Gene Autry C!!]]=FR
NO.
Trail North of the Gene Autry Bridge in Section 19. 08.Y
CHECKED BY APPROVED BY: SHEET NO.
Seclion --y T. .S., R. .L. S.D.B.OM• OF