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Home My WebLink About00175C - MOTEL 6 REIMBURSEMENT PA3 lotel 6, Operating L.P. - �,,,;, Amendment #2 Leimb re SPC eintersec impry AGREEMENT 175 Per R637, 7-19-89 T ) HH I� \'�j-♦` 4„yb/'1`RAipE1Dt�� q �J r C Redevelopment Agency 619-323-8259 AUG 7 1989 July 31, 1989 i',A(YF E L 6 L/bilJ DEPT, Morgan F. Johnston Attorney - General Corporate Motel 6 L.P. 14651 Dallas Parkway Suite 500 Dallas, TX 75240 Re: Agreement #175, Amendment 2 (Motel 6 South Palm Canyon) Dear Mr. Johnston: Pursuant to authorization by the Redevelopment Agency Board of Directors, I am providing this amendment to the letter agreement referenced above to allow for the reimbursement to Motel 6 for certain costs related to the completion of the new intersection of South Palm Canyon Drive at Camino Parocela. These costs, specifically, the reconfiguration of on-site driveways at the Sun Center and Palm Canyon Plaza properties, were identified in the original letter agreement as items to be fully reimbursed by the Agency, but no dollar figure was mentioned. With this amendment, the Agency agrees to reimburse the full cost of the demolition of existing improvements and installation of new curb and pavement on site (i .e. , behind the Caltrans right-of-way) at the Sun Center and Palm Canyon Financial Plaza plus reason- able contractor and corporate overhead. This reimbursement will be paid within 30 days of the presentation by Motel 6 of paid receipts for the work. The Agency has authorized a maximum expenditure for this work of $20,000, which is above, and separate from, the $170,000 to be reimbursed to Motel 6, from tax increment flowing to the Agency from the new hotel , for other intersection improvements. Should the Agency proposal as outlined above be acceptable to you, please sign and return this letter. Please contact John Terell at (619)323-8259 should you have any questions. Sincerely, Norman R. King Executive Director NRK/JT/ft Post Office Box 1786, Palm Springs, California 92263-1786 Mr. Morgan F. Johnston July 31, 1989 Page Two I hereby agree to this amendment to Letter Agreement #175 regarding the reimbursement arrangement between Motel 6 and the Community Redevelopment Agency of the City of Palm Springs as described in the above letter. 4e�al�e� Motel 6, Operating L.P. Y: Motel 6 G.P. , Incng Genera . artne RpeRouE By: Russel9 Q. Miller P��;i��l ? w� J'9 V.P. Development Date) (Please type/print name and title) ACCEPTED: Community Redevelopment Agency Date of the City of Palm Springs 4Pai'0VED BY TH[ COMMUNITY REDEV. bZEMY BY RES. NO. 1 O s l o � Motel 6 �, � Amend #1, time in which to V�d��i �� AMC install SPC Cam Parocela �� , �� ,. Intersection Imprv. �, CM singed 8-18-88 s August 18, 1988 'moo Office of City Manager 619-323-8201 Mr. Tom Neelan Senior Vice President Real Estate, Motel 6 14651 Dallas Parkway Dallas, TX 75240 Re: Motel 6/South Palm Canyon Drive and Camino Parocela Dear Mr. Neelan: Recently, the conditions of approval for the proposed Motel 6 were changed to allow for the issuance of an occupancy permit by the City prior to the installation of the intersection and signal improvements at South Palm Canyon Drive and Camino Parocela. This change was conditioned on formal approval by Motel 6 to construct these improvements in a timely manner once the necessary right-of-way has been obtained. Your office has previously approved this condition. In order to comply with the above condition, the following amendment is to be made to the October 28, 1987, letter agreement between Motel 6 and the Agency: Motel 6 agrees to install the intersection improvements prior to December 31, 1989. Said date may be extended by mutual agreement between the Agency and Motel 6 if design and/or easement issues have not been resolved to allow construction to proceed prior to June 30, 1989. Should the language included above be agreeable to you, please sign and return this letter. Subsequent to your acceptance, I will present the amend- ment to the Agency Board for their approval . Please contact me should you have any questions. Sin / Norman R. King City Manager NRK/JT/ft cc: Margo Williams 1 h°ereby accept thepabove amendment: x TOM NEELAN Dated -Sen e,r Vice President Post Office Box 1786, palm Springs, California 9226�3-1786 I �� l�llej1 ) Motel 6 _ • Palm Canyon/Camino Parocela "- Intersec Costs ®c LW ,s;0 AGREEMENT #175 s i R512, 2-17-88 y aPonn•c� ', 4t/FO1i�� Office of City Manager 619-323-8201 October 28, 1987 Mr. Emmet Gossen Senior Vice President Real Estate, Motel 6 51 Hitchcock Way Santa Barbara, CA 93105 RE: Proposed Motel 6/Palm Canyon Drive and Camino Parocela Dear Mr. Gossen: As part of the approval of the above referenced project, the City required the substantial realignment and resignalization of the intersection of Palm Canyon Drive and Camino Parocela to alleviate existing and potential traffic hazards in the area. Due to the general area-wide benefit of these improvements as well as the potential infeasibility of the hotel project due to the extent of costs associated with the intersection work, the Agency proposes to reimburse Motel 6 for 'approximately three quarters of the cost of this work. The details of this, proposed arrangement are outlined below. The Agency proposes to reimburse seventy-five percent of the construction cost for the following improvements associated with the realignment and resignalization of Palm Canyon Drive and Camino Parocela: 1. Traffic signals 2. Removal of existing curb and gutter, as required, on Palm Canyon Drive 3. Installation of new curb and gutter, as required, on Palm Canyon Drive 4. Reconfiguration of the median island. 5. Traffic control during construction In addition, the Agency proposes to reimburse twenty-five percent of the construction cost of items identified for Palm Canyon Drive on Attachment I , (Engineer's Estimate of Probable Construction Cost) and not mentioned above. Post Office Box 1786, Palm Springs, California 92263-1786 HOTEL 6 - OFFSITE IMPROVEMENTS ENGINEER'S ESTIMATE OF PROBABLE CONSTRUCTION COST ITEM TYQ /UNIT UNIT PRICE _ COST _ I. HIGHWAY Ill (Palm Canyon Drive) 1. 8" curb and gutter 330/lf $ 10.00 $ 3,300.00 2. 3" A.C. over 6" A.B. 2,50C/sf 1.25 3,125.00 3. Remove existing curb and gutter 250/If 3.00 750.00 4. Remove concrete driveways 480/sf 2.00 960.00 5. Construct P.C.C. driveways 480/sf 3.00 1,440.00 6. 8' P.C.C. sidewalk 2,000/sf 2. 50 5,000.00 7. Remove P.C.C. sidewalk 960/sf 2.00 1,920.00 8. Traffic signal 1/ea 130,000.00 130,000.00 9. Restriping 1/ls 2,OCO.00 2,000.00 10. Fire hydrant 1/ea 1,500.00 1,500.00 11. Signing 1/1s 5,000.00 5,000.00 12. Traffic control 1/ls 10,000.00 10,000.00 Subtotal $164,995.00 II . MEDIAN ISLAND 1. 8" Barrier curb 540/lf $ 8.50 $ 4,590.00 2. Remove existing curb 475/lf 3.00 1,425.00 3. 3" A.C. over 6" A.B. 4,000/sf 1. 25 5,000.00 4. Landscape 2,000/sf 2.50 51000.00 Subtotal $16,015.00 III . SUN CENTER PARKING 1. Remove existing curb 800/If $ 3.00 $ 2,400.00 2. 6" barrier curb 800/ea 7.00 5,700.00 3. N. curb return 200/lf 7.00 1,400.00 4. Landscaping 3,000/sf 2.50 7,500.00 5. Remove N. curb 200/ea 3.00 600.00 6. Remove & replace existing drive 1/Is 3,500.00 3,500.00 Subtotal $21,000.00 SOURCE: ASL Consulting Engineers Page 2 Finally, the Agency proposes to reimburse all costs associated with the reconfiguration of the Sun Center and Palm Canyon Financial Plaza driveways and parking lots as required by the intersection work. The Agency's total reimbursement amount shall not exceed $170,000 unless inceased by mutual agreement of the Agency and Motel 6. Under the Agency proposal , the design and construction of the intersection improvements are to be performed by Motel 6. Motel 6 also pays for the improvements initially with reimbursement of these costs by the Agency in five equal annual payments plus accrued interest beginning one year after the issuance by the City's Building Department of a Notice of Completion for the hotel . Interest on the amount advanced by Motel 6 shall be eight percent per annum. A separate loan agreement will be required to formalize this arrangement, and shall be executed after determination of the final cost of the improvements. Should the Agency proposal as outlined above be agreeable to you, please sign and return this letter. Subsequent to your acceptance, I will present the letter agreement to the Agency for their approval . Please contact me should you have any questions. Sincerely, i Norman R. King Executive Director CC: Peter Fogarty I hereby e to the reimbursement arrangement between Motel 6 and the Palm ings munity Redevelopment Agency as described in the above letter. :Emme os n, Senior Vice e n Date )c �2 I ' Accepted by Palm Sprin Community Date Redevelopment Agency ly