HomeMy WebLinkAbout20336 - RESOLUTIONS - 5/15/2002 RESOLUTION NO. 20336
OF THE CITY OF PALM SPRINGS, CALIFORNIA,
APPROVING AN ACQUISITION AGREEMENT WITH
THOMASA,ADAMO&EILEEN C.ADAMOOF CATHEDRAL
CITY, CALIFORNIA, HUSBAND AND WIFE, FOR THE
ACQUISITION OF A PROPERTY KNOWN AS 249 SOUTH
INDIAN CANYON DRIVE(APN 513154 026)AND A 1,565.5
SQUARE FOOT PORTION OF APN 513 154 025 FOR THE
PURPOSE OF CONSTRUCTING A DOWNTOWN PARKING
STRUCTURE A04502
WHEREAS the City of Palm Springs has endeavored for the past thirty years to increase
the supply of public parking in the downtown area; and
WHEREAS the City is proceeding with the construction of a downtown parking structure
at the northwest corner of Baristo Road and Indian Canyon Drive; and
WHEREAS the City has negotiated an Acquisition Agreement with Thomas A. Adamo &
Eileen C.Adamo that trades the value of the property described as APN 513154 026 and
a 1,565.5 square foot portion of 513 154 025, plus in-lieu parking fees paid by the property
owner, for reserved spaces in the structure at a rate of$12,000 per space.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Palm Springs,
that the Agreement for Purchase and Sale of Real Property and Agreement Containing
' Covenants, Codes and Restrictions, in a form approved by the City Attorney, is hereby
approved.
ADOPTED this 15th day of May 2002.
AYES: Memhers Hodges, Mills, Oden, Reller-Spurgiu and Mayor Kleindieust
NOES: None
ABSENT: None
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
City Clerk City NI ger
REVIEWED & APPROVED A5 TO FORM