HomeMy WebLinkAbout21243 - RESOLUTIONS - 4/6/2005 RESOLUTION NO. 21243
OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CALIFORNIA, APPROVING THE
APPLICATION FOR FURTHER PROCESSING OF THE
FORMATION OF COMMUNITY FACILITIES DISTRICT
NO, 1, SUBMITTED BY PALM SPRINGS CLASSIC, LLC
WHEREAS, the City of Palm Springs adopted Resolution No. 17774 on January 22,
1992, amended by Resolution No. 20304 on April 3, 2002, establishing Policies and
Procedures for Special Assessment and Mello-Roos Community Facility District (CFD)
Municipal Bond Financing for Public Improvement for Development Projects; and
WHEREAS, the City's Policies and Procedures establish minimum criteria for the
formation of Special Assessment and CFD municipal bond financing for public
improvements for development projects requiring that proposed public facilities to be
financed must meet a public need, including the provision of major infrastructure
improvements that significantly benefit the general public, and/or the provision for
significant financial benefit to the City; and
WHEREAS, the City has received an application from Palm Springs Classic, LLC, for
formation of a Community Facilities District pursuant to the Mello-Roos Community
Facilities Act of 1982 for the "Palm Springs Classic', now known as "Escena Palm
' Springs' development (Tentative Tract Map 32233), located south of Vista Chino and
east of Gene Autry Trail; and
WHEREAS, the proposed Community Facilities District will facilitate public
improvements for private development, provide for future major infrastructure
improvements that significantly benefit the general public, and provide significant
financial benefit to the City.
NOW THEREFORE BE IT RESOLVED as follows:
Section 1. The City Council does hereby approve the application for further
processing of the formation of Community Facilities District No. 1,
submitted by Palm Springs Classic, LLC.
Section 2. The City Council hereby authorizes staff to select and negotiate contracts
with consultants for an assessment engineer's report, appraisal and
market absorption study; and to collect necessary deposits from the
applicant to fund consultant contracts.
ADOPTED this 61h day of April, 2005.
AYES: Members McCulloch, Mills, Pougnet and Mayor Oden
NOES: None
' ABSENT: Member Foat
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
City Clerk City Manager �� j