HomeMy WebLinkAbout20338 - RESOLUTIONS - 5/15/2002 RESOLUTION NO. 20338
OF THE CITY OF PALM SPRINGS, CALIFORNIA,
' APPROVING AN ACQUISITION AGREEMENT WITH
C.H,I.C., L.L C.ANDMATHEWTALALA OF PALM SPRINGS,
CALIFORNIA FOR THE ACQUISITION OF A PROPERTY ON
SOUTH INDIAN CANYON DRIVE (APN 513 154 034) FOR
THE PURPOSE OF CONSTRUCTING A DOWNTOWN
PARKING STRUCTURE A04500
WHEREAS the City of Palm Springs has endeavored far 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 Mathew Talala and
C.H.I.C_ L.L.C. 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 15r day of May 2002.
' AYES: Members Hodges, Mills, Oden, Reller-Spurgiu and Mayor Kleindleust
NOES: Hone
ABSENT: None
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
BC] - I
ity Clerk City Managey
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REVIEWED &APPROVED AS TO FORM
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