HomeMy WebLinkAbout21497 - RESOLUTIONS - 1/18/2006 RESOLUTION NO. 21497
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF PALM SPRINGS, CALIFORNIA, APPROVING AN
EXCLUSIVE AGREEMENT TO NEGOTIATE WITH THE
OAS] GROUP, LLC FOR THE DISPOSITION OF A 10.3+
ACRE CITY-OWNED PARCEL FOR THE
DEVELOPMENT OF AN UPPER SCALE GROUP
MEETING HOTEL NEAR THE CONVENTION CENTER
AT THE NORTHEAST CORNER OF CALLE ALVARADO
AND AMADO ROAD, MERGED REDEVELOPMENT
PROJECT AREA#2. A5220.
WHEREAS, the City of Palm Springs is the owner of certain real property located at the
northeast corner of Calle Alvarado and Amado Road, currently used for Convention Center
parking (the "Property"); and
WHEREAS, the Oasi Group, LLC ("Developer") has made a proposal to the City to
develop an upper scale group meeting hotel on the Property; and
WHEREAS, expansion of the hotel inventory in proximity to the City's Convention Center,
especially in the upper scale and four-star categories, is an objective of the City to
increase the vitality of the downtown area, the Convention Center, and the tourism
' industry; and
WHEREAS, the City and Developer are processing a Development Agreement ("DA") and
Agreement for the Purchase and Sale of Real Property relative to the development of the
upper scale hotel on the site; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Palm Springs,
California that an Exclusive Agreement to Negotiate with The Oasi Group, LLC of Los
Angeles, for a period of 12 months for a 10.3 acre City-owned property located at the
northeast corner of Calle Alvarado and Amado Road, is hereby approved and the City
Manager is hereby authorized to execute the Agreement and all related documents in a
form acceptable to the City Attorney and enter Developer-funded contracts for the purpose
of appraisals, environmental review and project planning on behalf of the Agency for the
purpose of this project.
ADOPTED this 181h day of January, 2006.
David H. Ready, City-Vlanager�
ATTEST:
Ames Thompson, City Clerk
/ s
Resolution No. 21497
Page 2
CERTIFICATION ,
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, City Clerk of the City of Palm Springs, California hereby certify
that Resolution No. 21497 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, California, on January 18,
2006, by the following vote:
AYES: Councilmember McCulloch, Councilmember Pougnet, Mayor Pro Tern Foat,
and Mayor Oden
NOES: None
ABSENT: Councilmember Mills
ABSTAIN: None ?mes
Thompson, City Clerk
f Palm Springs, California