HomeMy WebLinkAbout20922 - RESOLUTIONS - 5/5/2004 RESOLUTION NO. 20922
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, ,
CALIFORNIA, APPROVING SALE OF PROPERTY BETWEEN
THE AIRPORT AND THE WASTE WATER TREATMENT
(WWTP) FOR $5,636,000 WHICH IS BASED ON A REVISED
? APPRAISAL COMPLETED BY DOZIER APPRAISAL COMPANY
ON APRIL 16, 2004 SHOWING THIS AMOUNT AS FAIR
I' MARKET VALUE FOR 24.96 ACRES OF AIRPORT PROPERTY
LOCATED IN SECTION 19, LOTS 19 AND 20 AT THE WASTE
WATER TREATMENT PLANT AS ALLOWED UNDER A
FEDERAL AVIATION ADMINISTRATION INSTRUMENT OF
RELEASE DATED OCTOBER 28, 1994 INCLUDING ALL
REQUIRED CONVEYANCES AND PERTINENT
DOCUMENTATION IN A FINAL FORM APPROVED BY THE
CITY ATTORNEY.
WHEREAS the City of Palm Springs, Department of Aviation ("AIRPORT') was economically
affected by the terrorist events of September 11, 2001 and is still recovering from these
impacts; and
WHEREAS the "AIRPORT' has spent down all available reserves to fund critical safety and
security projects for the Transportation Security Administration (TSA); and
WHEREAS the "AIRPORT' has identified additional federal projects in its Airport Capital '
Improvement Program (ACIP) that are necessary for safety and security enhancements
primarily related to passenger screening; and
WHEREAS the "AIRPORT' anticipates receiving a multi-year grant from the Federal Aviation
Administration for projects listed in the ACIP including passenger screening and holdroom
expansion; and
WHEREAS the "AIRPORT' owns 24.96 acres of property located in Section 19, Lots 19 and 20
at the Waste Water Treatment Plant ("WWTP"); and
WHEREAS the "AIRPORT' has the ability through a Federal Aviation Administration Instrument
of Release dated October 28, 1994 to sell this property and use the net proceeds for funding
project design and for matching grant amounts for ACIP development; and
WHEREAS the "WWTP" has reserves in excess of $10,000,000 which can be used to
purchase the "AIRPORT' property based on a recently revised appraisal dated April 16, 2004 of
the 24.96 acres of "AIRPORT' property at the "WWTP" for a fair market value of $5,636,000;
and
WHEREAS the net proceeds from the sale of the "AIRPORT' property to the "WWTP" will be
used solely for "AIRPORT' purposes and shall not be diverted for any other use other than the
continued development of the "AIRPORT'.
WHEREAS the City of Palm Springs, upon sale of the property shall be the sole owner of the '
24.96 acres at the "WWTP" as shown.
Resolution 20922
Page 2
' NOW THEREFORE BE IT RESOLVED that the City Council authorizes the City Manager to
proceed with the sale of property and execute the transaction between the "AIRPORT' and the
"WWTP" as of May 5, 2004.
ADOPTED this 5th day of May, 2004.
AYES: Members Foat, Mills, McCulloch, Pougnet, and Mayor Oden
NOES: None
ABSENT: None
AtiT CITY OF PALM SPRINGS, CALIFORNIA
City Clerk City Manag
4
REVIEWED &APPROVED AS TO FORM