HomeMy WebLinkAbout21736 - RESOLUTIONS - 10/4/2006RESOLUTION NO. 21736
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, APPROVING AN
AMENDMENT TO A LEASE AGREEMENT WITH PALM
CANYON THEATER FOR THE PURPOSE OF
INCORPORATING AND COORDINATING THE PALM
SPRINGS INTERNATIONAL FILM FESTIVAL INTO THE
FACILITY, MAKING A TENANT IMPROVEMENT
CONTRIBUTION IN THE AMOUNT OF $200,000. FOR A
CITY OWNED PROPERTY LOCATED AT 638 NORTH
PALM CANYON DRIVE. A3785.
WHEREAS, on July 9, 1997, Palm Canyon Theater ("Tenant") entered into a Lease
Agreement ("Lease") with the City of Palm Springs for certain real property described as
the Palm Canyon Theatre ("Premises"); and
WHEREAS, on October 1, 1997, City and Tenant entered into that certain Amendment
to Lease, increasing Tenant's exclusive use of floor area at the Premises, increasing the
monthly rental and prepaid rent amount, and allowing certain Tenant electrical
improvements and repairs on the Premises; and
WHEREAS, On June 17, 1998, City and Tenant entered into that certain Amendment
and Addendum to adjust the rent to reflect the cost of public improvements made by
Tenant, to clarify the responsibility for certain public improvements, and to change the
accounting requirements of the Lease; and
WHEREAS, in June, 2002, Tenant and City entered a five year extension extended the
Lease for an additional five years, reflecting the success of the theater effort and the
considerable private investment made by Tenant into the City's facility; and
WHEREAS, Tenant now desires to coordinate the use of the facility with the Palm
Springs International Film Festival ("PSIFF"), which will make a significant investment in
making the facility capable of showing film in a first class environment; and
WHEREAS, City desires to assist both organizations in upgrading this City owned
facility, as both organizations make a contribution to the ongoing "arts and
entertainment" strategy so important to the downtown area.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DOES
HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The Amendment to a Lease Agreement with Palm Canyon Theater for the
purpose of incorporating and coordinating the Palm Springs International Film Festival
into the facility, making a tenant improvement contribution in the amount of $200,000.,
Resolution No. 21736
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for a City owned property located at 538 North Palm Canyon Drive, in Frances Stevens
Park, is hereby approved, in a form acceptable to the City Attorney.
SECTION 2. The City Manager or his designee is hereby authorized to execute all
documents related to the grant.
SECTION 3. The source of funds shall be City funds from the repayment of a note from
the Community Redevelopment Agency related to the sale of a City -owned parcel.
ADOPTED THIS 4th day of October, 2006.
David H. Ready, I ger
ATTEST:
a
a(hes Thompson, City Clerk
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )
CITY OF PALM SPRINGS)
CERTIFICATION
ss.
I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that
Resolution No. 21736 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 October 4, 2006, by the
following vote:
AYES: Councilmember McCulloch, Councilmember Mills, Councilmember
Pougnet, Mayor Pro Tern Foat, and Mayor Oden.
NOES: None.
ABSENT: None.
ABSTAIN: None.
Ja(mes Thompson, City Clerk
City of Palm Springs, California
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