HomeMy WebLinkAbout22020 - RESOLUTIONS - 9/5/2007 ' RESOLUTION NO. 22020
A RESOLUTION OF THE CITY OF PALM SPRINGS,
CALIFORNIA, MAKING FINDINGS PURSUANT TO
HEALTH AND SAFETY CODE SECTION 33445 RELATING
TO PAYMENT OF ALL OR PART OF THE COSTS OF
ACQUISITION OF SUBLEASEHOLD INTEREST WITHIN
MERGED REDEVELOPMENT PROJECT NO. 2,
BENEFITING MERGED REDEVELOPMENT PROJECT
AREA NO.1.
City Attomey Summary
This resolution establishes findings regarding the need for a
leasehold to benefit Merged Project Area Nos. 1 and 2,
satisfying Health and Safety Code Section 33445.
THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, FINDS:
A. The City Council of the City of Palm Springs adopted the Amended and Restated
Redevelopment Plans for Merged Redevelopment Project No. 1 and Merged
Redevelopment Project No. 2 (collectively, the "Project Areas") on February 19, 2003 by
Ordinance Nos. 1623 and 1624 and amended said Redevelopment Plans on May 5,
2004 by Ordinance Nos. 1649-1652.
B. In July, 2006, the Community Redevelopment Agency ("Agency") approved the
development of a "Design for Development" Master Plan for Downtown and the Section
14 area surrounding the Convention Center, under Section 617 of the Merged
Redevelopment Plans, to serve as a catalyst for the development of property
surrounding the Palm Springs Convention Center, turning it into a quality destination
resort, increasing hotel rooms and Transient Occupancy Tax revenues, and fostering a
linkage between Downtown and the Convention Center to help maximize development
of both areas-
C. The Agency wishes to acquire a subleasehold interest in certain real property
(the "Leasehold") within Merged Project Area No. 2 described above, generally being
9.62 acres located at the intersection of Amado Road and Avenida Cabelleros.
D. The Leasehold property is adjacent to the City's Convention Center and the City
must ensure future development of the Leasehold property will be compatible with the
needs of the Convention Center, which can include additional hotel development,
parking or future Convention Center expansion. Future development on the Leasehold
property may include publicly-owned buildings, facilities, structures, or other
' improvements within the meaning of Health & Safety Code Section 33445 (the
"Statute").
Resolution No. 22020
Page 2
E. Future development of the site will assist in eliminating blighting conditions
caused by inadequate parking in and around the Convention Center and downtown and
the increased convention and tourism activity will provide additional opportunities to
redevelop underperforming commercial development in the northern gateway to the
City.
F. In 2004, the City issued $62,395,000 Lease Revenue Bonds, 2004 Series A
(Convention Center Expansion Project) to fund the approximately 100,000 square feet
of additional meeting space, exhibit space, food service area and circulation at the
Convention Center (the "Improvements").
G. The Improvements resulted in the recent construction of privately financed and
owned facilities within Merged Redevelopment Project Area No. 1 and Merged
Redevelopment Project Area No. 2.
H. Those privately owned facilities produce additional property tax increment for the
two Project Areas.
I. Based on the significant increase in property tax increment, the Agency has
authorized the issuance of tax allocation bonds (the "Bonds"), expected to occur in
September 2007.
' J. Section 33679 of the California Redevelopment Law, California Health and
Safety Code Section 33000 et. seq. (the "CRL") states: "[b]efore a redevelopment
agency commits to use the portion of taxes to be allocated and paid to an agency
pursuant to subdivision (b) of Section 33670 [tax increment financing] for the purpose of
paying all or part of the value of the land for, and the cost of the installation and
construction of, any publicly owned building, other than parking facilities, the legislative
body shall hold a public hearing."
K. The allocation of proceeds of the Bonds to the acquisition of the Leasehold
property is consistent with the Agency's Implementation Plan.
L. All of the findings and determinations made herein were based upon careful
consideration and analysis of all relevant evidence.
THE CITY OF PALM SPRINGS, CALIFORNIA, DOES HEREBY RESOLVE AS
FOLLOWS:
SECTION 1. The City of Palm Springs determines, based on the recitals contained in
this resolution and the findings and facts provided in this resolution, the agenda report,
public testimony, and any other relevant and supporting evidence, and in full
accordance with the provisions of the Statute, all of the following:
Resolution No. 22020
Page 3
' (1) The buildings, facilities, structures, or other improvements are of benefit to the
Project Areas or the immediate neighborhood in which the project is located,
regardless of whether the improvement is within another project area, or in
the case of a project area in which substantially all of the land is publicly
owned that the improvement is of benefit to an adjacent project area of the
Agency.
(2) No other reasonable means of financing the buildings, facilities, structures, or
other improvements, are available to the community-
(3) The payment of funds for the acquisition of land or the costs of buildings,
facilities, structures, or other improvements will assist in the elimination of one
or more blighting conditions inside the Project Areas or provide housing for
low- or moderate-income persons, and is consistent with the implementation
plan adopted pursuant to California Health and Safety Code Section 33490.
ADOPTED THIS 5TH DAY OF SEPTEMBER, 2007.
David Ready, Citye�
ATTEST:
' mes 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, do hereby certify that
Resolution No. 22020 is a full, true and correct copy, and was adopted at a regular
meeting of the Palm Springs City Council on the 5th day of September, 2007, by the
following vote:
AYES: Councilmember Foat, Councilmember McCulloch, Mayor Pro Tern
Pougnet, and Mayor Oden.
NOES: None.
ABSENT: Councilmember Mills.
ABSTAIN: None.
' mes Thompson, City Clerk
i�Aity of Palm Springs, California