HomeMy WebLinkAbout20337 - RESOLUTIONS - 5/15/2002 RESOLUTION NO. 20337
OF THE CITY OF PALM SPRINGS, CALIFORNIA, '
APPROVING AN ACQUISITION AGREEMENT WITH
ZACHARY FRANKS &MARLY STONE OF KIHEI, HAWAII,
HUSBAND AND WIFE, AND THE JEFF S. WHITE LIVING
TRUST, FOR THE ACQUISITION OF A PROPERTY ON
SOUTH INDIAN CANYON DRIVE (APN 513 154 008) FOR
THE PURPOSE OF CONSTRUCTING A DOWNTOWN
PARKING STRUCTURE A04501
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 Zachary Franks&Marly
Stone and the Jeff S. White Living Trust, that trades the value of the property, 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 Acquisition Agreement and Agreement Containing Covenants, Codes and
Restrictions, in a form approved by the City Attorney, is hereby approved. ,
ADOPTED this i K«H day of may 2002.
AYES: Members Hodges, Mills, Oden, Reller-spurgin and Mayor Kleiwdlenst
NOES: None
ABSENT: None
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
BC_2L
City Clerk City Manag
REVIEWED & APPROVED AS TO FORM
1
OL,7