HomeMy WebLinkAbout19059 - RESOLUTIONS - 6/18/1997 RESOLUTION NO. 19059
OF THE CITY OF PALM SPRINGS, CALNFORNIA
APPROVING AN OWNER PARTICIPATION
AGREEMENT BY & AMONG THE CITY OF PALM
SPRINGS, THE REDEVELOPMENT AGENCY AND
RICHARD AND PATRICIA SERVICE IN REGARD TO ,
THE EXPANSION OF THE LAS CASIJELAS
TF,RRAZA RESTAURANT LOCATED AT 222. NORTH
PALM CANYON DRIVE IN DOWNTOWN PALM
SPRINGS
WHEREAS the Agency and Florencio and Mary Delgado entered into an Owner
Participation Agreement on July 20, 1977 for the initial development of Las Casuelas
Terraza Restaurant at 222 North Palm Canyon Drive, as well as subsequent
amendments to that Agreement; and
WHEREAS Las Casuelas Terraza continues to be a highly successful business in
Downtown Palm Springs and has a need to expand the original restaurant facilities in
order to aceomodate its increased business; and
WHEREAS the adjacent land parcels required to implement this expansion project are
currently owned by the City of Palm Springs and the Community Redevelopment
Agency of the City of Palm Springs; and
VMEREAS the Palm Springs Planning Commission has approved an expansion plan
for Las Casuelas Terraza involving parcels currently owned by the City, and the
Agency and which the Participant is willing to acquire at the currently appraised real
estate values; and
WHEREAS this proposed restaurant expansion is adequately addressed within an
Owner Participation Agreement format.
NOW THEREFORE BE IT RESOLVED by the City of Palm springs that the "Owner
Participation Agreement by and among the City of Palm Springs, the Community
Redevelopment Agency of the City of Palau Springs and Richard and Patricia Service"
be approved.
ADOPTED this l$th day of June, 1997.
AYES: Members Barnes, Hodges, 0den, Snurgin and Mayor Kleindienst
NOES: None
ABSENT: None
ATTEST: CITY LM SPRING , CALIFORNIA
B`
Y
—Assistant Secretary Cit M nager
REVIEWED AND APPROVED_t�/1':6'0, — � � It�