HomeMy WebLinkAbout18942 - RESOLUTIONS - 12/4/1996 RESOLUTION NO. 18942
OF THE CITY COUNCIL OF THE CITY OF PALM[ SPRINGS,
CALIFORNIA, MAKING A FINDING PURSUANT TO
SECTION 33421.1 OF THE CALIFORNIA HEALTH &
SAFETY CODE RELATING TO AN OWNER'S
PARTICIPATION AGREEMENT OF THE PALM SPRINGS ,
COMMUNITY REDEVELOPMENT AGENCY TO
EFFECTUATE THE CONSTRUCTION OF A
HOTEL/CONDOMINIUM RESORT AT VISTA CHINO ROAD
AND INDIAN CANYON WAY IN THE NOIt.TII PALM
CANYON REDEVELOPMENT PROJECT AREA
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WHEREAS the City Council of the City of Palm Springs, California adopted Ordinance 1227,
adopting the Redevelopment Plan for the North Palm Canyon Project Area effective October 19,
1984 for the purposes of (1) elimination of environmental deficiencies in the area, including
obsolete or aged buildings or substandard or irregular lots, (2) redesign and development of
undeveloped areas, (3) strengthening of retail and other commercial uses in the area, and (4)
establishing criteria to ensure high quality design and development in the area; and
WHEREAS the Community Redevelopment Agency adopted Resolution 988„ adopting an
Owner's Participation Agreement with Linsu Development Company L.L.C., a California
Corporation, on October 18, 1995 to effectuate the construction of a hotel/condominium resort
development at Vista Chino Road and Indian Canyon Way in the North Palm Canyon
Redevelopment Project Area by providing; certain tax increment funds to reimburse legal
expenses related to the acquisition of the site through eminent don, ain; and '
M71.11FREAS, Developer proceedled with the Project and began construction on September 19,
1996, but during construction certain public improvement costs became excessive and Developer
requested that the Agency fund these, expenses to be reimbursed from tax increment and in
exchange agreed to forego reimbursement for certain legal costs; and
VYTIEREAS the California Health & Safety Code Section 33421.1 requires that the legislative
body make a finding that the provision of public improvements such as streets, sidewalks,
utilities, or other public improvements which an owner or operator of the site would otherwise
be obliged to provide is necessary to effectuate the purposes of the Redevelopment Plan.
NOW THEREFORE, it is hereby resolved that the City of Palm Springs, California, does
hereby give its consent and find that the provision of such improvements, including the financing
of the installation of public improvements with tax increment funds, as provided in the OPA,
are necessary to effectuate the purposes of the Redevelopment Plan.
ADOPTED this 4th day of December , 1996.
AYES: Members Oden & Mayor l(leirndienst
None ABSENT-
hBSFNT: Members Barnes and Spurgin
ABSTAIN: Member Hodges
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
City Clerk /ld City Manager
REVIEWED AND APPROVED: _ C4. Ion
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