HomeMy WebLinkAbout19426 - RESOLUTIONS - 12/2/1998 RESOLUTION NO. 19426
OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CALIFORNIA, EXTENDING THE LISTING
AGREEMENT FOR THE SALE OF CITY-OWNED
PROPERTY WITH INGRID BADDOUR & ASSOCIATES
AND REVISING THE LISTING PRICES
WHEREAS, the City of Palm Springs is desirous of selling certain property located in the City
of Palm Springs ('Property"), and described in Exhibit "A' of this Resolution, in accordance
with Government Code Section 37420 et seq.; and
WHEREAS, the City Council of the City Palm Springs directed staff to develop a process to
select a private real estate broker to represent the Property, and a broker was contracted in
May, 1998 for such purpose; and
WHEREAS, pursuant to Government Code Section 37421, the City used a collective process
and three separate real estate brokerages to determine the market value of the property; and
WHEREAS, the broker has received, as of November 15, 1998, a total of five separate written
offers on four different parcels and continues to work diligently on Selling the Property; and
WHEREAS, the broker has requested that the listing be extended past its expiration of
November 26, 1998 for a period of six months, expiring on May 26, 1999, and that the posted
fisting prices be revised to more accurately reflect market conditions.
' NOW THEREFORE BE IT RESOLVED by the City Council of the City of Palm Springs, as
follows:
Section 1. The fisting agreement with Ingrid Baddour& Associates is renewed and extended
until May 26, 1999.
Section 2. The fisted prices for the City-owned Properties are revised according to Exhibit
"A" of this resolution.
Section 3. The City Manager is authorized to sign all agreements and contracts related to this
listing agreement or the sale of this Property.
ADOPTED this 2nd day of December 1998.
AYES: Members Barnes, Hodges, Oden and Reller-Spurgin
NOES: None
ABSENT: Mayor Kleindienst
ATTEST: CITY GS, CALIFORNIA
F
City Clerk ity Manager
REVIEWED& APPROVED AS TO FORM 2i C I b
EXHIBIT "A"
Posted Sale Prices for
City-Owned Property
Prop Property Name/Address/ Original Revised
No. Size/Parcel Number Listing Price Listing Price
A5. Casa del Camino $575,000 $575„000
1479 N. Palm Canyon Drive (These properties to be
32,852 s.f./505-182-004 sold together)
C43. Reservoir Lot
1.0 Acre. 505-182-010
C44. Desert Highland Estates $8,000 $8,000
Near Indian Canyon/Tramview Way
.07 Acres/669-404-006
C45. Desert Highland Estates $8,000 $8,000
El Dorado, North of Corozon
.07 Acres/669-404-014
C47. Land deeded by DWA More research is Have
NW of San Rafael/Sunrise Way needed confirmed ,
6.25 Ac/669-500-015, 017, 026 City
ownership but
title needs to
be cleared up;
CVHC may be
interested in
the site for
expansion of
Coyote Run