HomeMy WebLinkAbout21967 - RESOLUTIONS - 7/11/2007 RESOLUTION NO. 21967
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, TERMINATING
AGREEMENT NO. 3286, APPROVED OCTOBER 6, 1993,
A SUBDIVISION IMPROVEMENT AGREEMENT BETWEEN
THE CITY OF PALM SPRINGS AND STEPHEN C.
NICHOLS, TRUSTEE OF THE FRANK CULVER NICHOLS
REVOCABLE TRUST.
WHEREAS, Parcel Map 23130 was approved by the City of Palm Springs on
October 6, 1993; and
WHEREAS, Agreement No. 3286, a Subdivision Improvement Agreement
between the City of Palm Springs and Stephen C. Nichols, Trustee of the Frank Culver
Nichols Revocable Trust, was approved to secure improvements associated with Parcel
3 of Parcel Map 23130; and
WHEREAS, a Deed of Trust in favor of the City of Palm Springs in the amount of
$440,412 was recorded November 23, 1993, as Instrument No. 467765 of official
records of Riverside County, against Parcel 3 of Parcel Map 23130 to secure the
improvements; and
' WHEREAS, the City Council by separate Resolution previously adopted, has
approved Final Map 33162, a resubdivision of Parcels 3 and 4 of Parcel Map 23130,
and has approved a Subdivision Improvement Agreement securing the cost of
associated improvements related to Final Map 33162.
THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DOES HEREBY
RESOLVE AS FOLLOWS:
Section 1. Agreement No. 3286 is hereby terminated.
Section 2. The City Manager is hereby authorized to execute a Request for Full
Reconveyance of the Deed of Trust, required by Section 2 of Agreement No. 3286, a
Deed of Trust in the amount of $440,412 recorded November 23, 1993, as Instrument
No. 467765 of official records of Riverside County.
Section 3. The City Clerk shall record the Request for Full Reconveyance of the
Deed of Trust with the office of the Riverside County Recorder.
ADOPTED THIS 11"' DAY OF JULY, 2007.
' David H. Ready, ger
Resolution No. 21967
Page 2
ATTEST: '
?mZs Thompson, City Clerk
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. 21967 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 July 11, 2007, by the
following vote:
AYES: Councilmember McCulloch, Councilmember Mills, and Mayor Oden.
NOES: None.
ABSENT: Councilmember Foat and Mayor Pro Tem Pougnet.
ABSTAIN: None. '
mes Thompson, City Glerk
ity of Palm Springs, California