HomeMy WebLinkAbout20948 - RESOLUTIONS - 6/2/2004 RESOLUTION NO. 20948
OF THE CITY COUNCIL OF THE CITY OF PALM '
SPRINGS, CALIFORNIA, FACILITATING
REPLACEMENT OF DEVELOPERS OF FINAL
MAP NO. 27680 A04743
WHEREAS the City Council at its meeting of June 2, 2004, approved Final Map No.
27680, and entered into a Subdivision Improvement Agreement (Agreement No. 4743)
with Palm Mountain Company; and
WHEREAS pursuant to Agreement No. 4743, securities are held by the City of Palm
Springs to guarantee construction of certain improvements associated with Final Map
No. 27680; and
WHEREAS Palm Mountain Company has entered into a purchase and sale agreement
of Final Map No. 27680 with a new developer, Las Palmas Heights, LLC; and
WHEREAS it is necessary to transfer subdivision obligations from the original developer
to the new developer, and accept replacement securities.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Palm Springs, '
California as follows:
1. Accept Assignment and Assumption of Subdivision Improvement Agreement
dated May 4, 2004 between Palm Mountain Company and Las Palmas Heights,
LLC as transferring the party known as "Subdivider" in Agreement Number 4743
dated July 30, 2003 with the City of Palm Springs. "Subdivider is now Las
Palmas Heights, LLC.
2. Accept replacement security to secure obligations required of the new Subdivider
under said Subdivision Improvement Agreement.
3. Authorize release of all securities for said Tract Number 27680 previously
submitted by the Palm Mountain Company.
ADOPTED this 2nd day of June, 2004.
AYES: Members Foat, Mills, McCulloch, Pougnet, and Mayor Oden
NOES: None
ABSENT: None
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
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City Clerk ity anager '
REVIEWED & APPROVED AS TO FORM: