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HomeMy WebLinkAbout21386 - RESOLUTIONS - 9/7/2005 RESOLUTION NO. 21386 1 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING A DEVELOPMENT AGREEMENT WITH PALM SPRINGS MARQUIS, LLC, WHICH INCLUDES A FINANCIAL IMPACT MITIGATION FEE, AN AGREEMENT BY THE APPLICANT TO PAY CERTAIN INFRASTRUCTURE, LANDSCAPE, LIGHTING AND MAINTENANCE EXPENSES, AND MEMORIALIZING PROPERTY EXPECTATIONS OF THE CITY AND DEVELOPER WHEREAS, the CITY OF PALM SPRINGS (the "City"), a municipal corporation, and PALM SPRINGS MARQUIS, LLC, a California limited liability corporation (the "Developer") may enter a Development Agreement pursuant to Article 2.5 of Chapter 4 of Division 1 of Title 7, Sections 65864 through 65869.5 of the California Government Code and Section 94.08 of the Palm Springs Municipal Code; and WHEREAS, on April 14, 2004, the City approved the following land use approvals: (1) Conditional Use Permit No. 5.0975, (2)Tentative Tract Map 31905 forthe development of an 86 unit timeshare project located at 190 South Calle Encilia, and (3) Variance No. 6.473; and, WHEREAS, the Planning Commission at the same meeting found the project to be categorically exempt from CEQA per Section 15332 (In-Fill Development); and WHEREAS, the grant of development rights hereunder is consideration for Developer's good faith efforts to complete the development of a resort timeshare project composed of 86 ownership units, which will benefit the City by creating new jobs in the community and will aid in the revitalization of the tourist trade; Developer shall pay all City development fees, including Quimby park fees, which will assure that all costs of the Project will be mitigated; and moreover,to the extent timeshare units are being developed in lieu of hotel units and to pay for certain infrastructure improvements and to pay for landscaping, lighting and other public maintenance expenses, Developer agrees that a Financial Impact Mitigation Fee ("FIM Fee") shall be paid to the City; and WHEREAS, the term "FIM Fee" shall mean the fee which shall be paid on timeshare intervals so that these units contribute to the payment for City services as would hotel units and will pay for Project costs including infrastructure costs, payment for maintenance of public landscaping, lighting and improvements, access to trails on City property, and to pay for other service enhancements and obligations of the Developer; WHEREAS, on April 27, 2005, the Planning Commission of the City (the "Planning Commission"), after giving notice pursuant to Government Code Sections 65090, 65091, 1 65092, 65094, and 65864, held a public hearing on Developer's application for this Agreement, and has found on the basis of substantial evidence that the Agreement is consistent with all applicable plans, rules, regulations and official policies of the City; and Resolution No. 21386 Page 2 WHEREAS, on September 7, 2005, the City Council of the City (the "City Council"), after giving notice pursuant to Government Code Sections 65090, 65091, 65092, 65094, and ' 65864, held a public hearing on Developer's application for this Agreement, and has found on the basis of substantial evidence that the Agreement is consistent with all applicable plans, rules, regulations and official policies of the City; and THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The above recitals are true and correct and incorporated herein. SECTION 2. Pursuant to the California Environmental Quality Act (CEQA),the Planning Commission found the project to be categorically exempt from CEQA per Section 15332 ("infill development") and that the adoption of the Development Agreement does not create any additional environmental impact. SECTION 3. The Developer proposes to construct a project of 86 vacation ownership units (time shares); underground parking; water features and other amenities; and other landscaping and on-site improvements. SECTION 4. The Developer is required to make certain street improvements in keeping with City codes. Such offsite improvements, such as reconstructing curb, gutter and sidewalks along Arenas Road and Caile Encilia, are imperative to this project, which improves a blighted parcel in Merged Redevelopment Project Area#2 (formerly Tahquitz , Andreas) and will increase tax increment to the Agency and development fees, transient occupancy tax and sales tax collections to the City. In addition, the Developer agrees to impose and collect a Financial Impact Mitigation Fee (FIM Fee)on the owners of intervals in the project to offset a portion of the City's cost and burden of the project. SECTION 5. The City agrees, through this Development Agreement to encourage the Community Redevelopment Agency to undertake capital improvement projects in proximity to the Project. SECTION 6. Based on foregoing reasons, the City Council hereby approves the Development Agreement, which is incorporated herein by this reference. ADOPTED this 7th day of September, 2005. David H. Ready, City Ma��ge ATTEST: / /m� 1 es Thompson, City Clerk Resolution No. 21386 Page 3 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. 21386 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 September 7, 2005, by the following vote: AYES: Members Foat, Mills, McCulloch, Pougnet and Mayor Oden NOES: None ABSENT: None ABSTAIN: None /Ja°mes Thompson, City Clbrk ity of Palm Springs, California