HomeMy WebLinkAbout21263 - RESOLUTIONS - 5/18/2005 t
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RESOLUTION NO. 21263
A RESOLUTION OF THE CITY COUNCIL OF
• THE CITY OF PALM SPRINGS, CALIFORNIA,
MAKING FINDINGS PURSUANT TO SECTION
33421.1 AND 33445 OF THE CALIFORNIA
HEALTH & SAFETY CODE RELATING TO
AMENDMENT NO. 1 TO AGREEMENT NO.
A0399C A DISPOSITION AND
DEVELOPMENT AGREEMENT WITH VIP
MOTOR CARS, LTD. AND FDH
ENTERPRISES, INC. FOR PROPERTY
IMPROVEMENTS AT AN AUTOMOBILE
DEALERSHIP AT 4095 EAST PALM CANYON
t: DRIVE, MERGED PROJECT AREA NO. 1
WHEREAS, the Community Redevelopment Agency of the City of Palm Springs,
California ("Agency") is constituted under the Community Redevelopment Law
(California Health and Safety Code Section 33000 et. seq.) to carry out the purpose as
the redevelopment in the City of Palm Springs ("the City"); and
WHEREAS, VIP Motor Cars, Ltd., FDH Enterprises, Inc. ("Developer") and the Agency
entered a Disposition and Development Agreement in January, 2000 for the Agency to
provide financial assistance in their efforts to expand and upgrade their automobile
dealership at 4095 East Palm Canyon Drive, in order to retain the business in Palm
Springs, make it a more profitable facility for the dealer and the City, and increase the
level of employment; and
WHEREAS the California Health & Safety Code Section 33421.1 requires that the City
Council find that the provision of such improvements will effectuate the Redevelopment
Plan; and
WHEREAS the California Health & Safety Code Section 33445 requires that the City
Council find that the improvements benefit the Project Area; that no other means of
financing the improvements are available; that payment of the funds will assist in
eliminating blight, and that assistance to the project is consistent with the Agency's
adopted Five Year Implementation Plan; and
NOW THEREFORE, it is hereby resolved that the City of Palm Springs, California, does
hereby give its consent and find that the provision of such improvements, including the
financing of the installation of public improvements with tax increment funds, as
provided in the OPA, are necessary to effectuate the purposes of the Redevelopment
Plan.
ADOPTED this 18" day of May, 2005.
David H. Ready, City per
ATTEST:
Jarr Thompson,
City ClerK
l/ CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS ) '
I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that
Resolution No. 21263 is a full, true and correct copy, and was duly adopted at a regular
meeting of the City Council of the City of Palm Springs on May 18, 2005, by the
following vote:
AYES: Members Foat, Mills, McCulloch, Pougnet and Mayor Oden
NOES: None
ABSENT: None
ABSTAIN: None
t es Thompson, City Clerk
ity of Palm Springs, California
l