HomeMy WebLinkAbout8014 - MINUTE ORDERS - 3/7/2007 ' MINUTE ORDER NO. 8014
ORDERING THE TERMINATION OF THE DEVELOPMENT
AGREEMENT BETWEEN WYNDHAM VACATION
RESORTS, INC., FORMERLY KNOWN AS FAIRFIELD
RESORTS, INC., AND THE CITY OF PALM SPRINGS,
SUBJECT TO THE CONDITION THAT THE TERMINATION
SHALL BECOME EFFECTIVE UPON THE CLOSE OF THE
SALE OF THE PROPERTY FROM WYNDHAM VACATION
RESORTS, INC. TO THE TRAILS AT PALM SPRINGS, LLC
AND CITY APPROVAL OF A DEVELOPMENT
AGREEMENT OR OTHER ENTITLEMENTS FOR THE
DEVELOPMENT OF THE SITE FOR THE BENEFIT OF
THR TRAILS AT PALM SPRINGS OR ITS SUCCESSOR
OR DESIGNEE. A4823.
I, James Thompson, City Clerk of the City of Palm Springs, hereby certify that this
Minute Order 1) Ordering the termination of the Development Agreement between
Wyndham Vacation Resorts, Inc., formerly known as Fairfield Resorts, Inc., and the City
of Palm Springs, subject to the condition that the termination shall become effective
upon the close of the sale and the property from Wyndham Vacation Resorts, Inc. to the
Trails at Palm Springs, LLC, and City approval of a development agreement or other
' entitlements for the development of the site for the benefit of the Trails at Palm Springs
or its successor or designee; and 2 Authorize the City Manager to execute appropriate
releases and other documentation, including the Declaration of Covenants Conditions
dated April 7. 2003, between SCHLPS, LLC, the Agency, and the City, and as the City
Attorney may approve or recommend as reasonably necessa to evidence the
termination of the Development Agreement as conditioned above, was adopted by the
City Council of the City of Palm Springs, California, in a meeting thereof held on the 7th
day of March, 2007.
es Thompson, City Cle k
ity of Palm Springs, California