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HomeMy WebLinkAbout24370 RESOLUTION NO. 24370 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, TERMINATING THAT SUBDIVISION IMPROVEMENT AGREEMENT NO. A5216 WITH PALM SPRINGS STROKE ACTIVITY CENTER FOUNDATION, A CALIFORNIA NON-PROFIT CORPORATION, AND AUTHORIZING RELEASE OF SECURITIES THEREFORE, ASSOCIATED WITH PARCEL MAP 30581 FOR PROPERTY LOCATED AT THE NORTHEAST CORNER OF ALEJO ROAD AND COMMERCIAL ROAD, IN SECTION 12, TOWNSHIP 4 SOUTH, RANGE 4 EAST. A5216. WHEREAS, the Planning Commission of the City of Palm Springs, at its meeting of July 24, 2002, recommended approval of Tentative Parcel Map 30581, subject to conditions; and WHEREAS, the City Council of the City of Palm Springs, (hereinafter the "City"), at its meeting of September 18, 2002, approved Tentative Parcel Map 30581 subject to conditions; and WHEREAS, Tentative. Parcel Map 30581 was subsequently extended by approval of the Planning Commission and City Council; and WHEREAS, the City Council of the City of Palm Springs, (hereinafter the "City"), at its meeting of January 18, 2006, adopted Resolution No. 21494, approving Parcel Map 30581 and a related Subdivision Improvement Agreement, (Agreement No. 5216), with Palm Springs Stroke Activity Center Foundation, a California Non-Profit Corporation, (hereinafter the "Developer"), in accordance with Section 66462 of the California Government Code; and WHEREAS, in accordance with Section 4.1 of the Subdivision Improvement Agreement, the Developer was required to submit subdivision improvement securities in the amount of $5,000 to guarantee construction of a public sidewalk along Commercial Road required for and associated with Parcel Map 30581; and t WHEREAS, the Developer filed with the City Clerk a performance bond in the amount of $5000 to guarantee construction of the public sidewalk, in accordance with the Subdivision Improvement Agreement; and WHEREAS, on August 15, 2013, the Developer. filed for recordation with the Riverside County Recorder that certain Parcel Merger No. 13-04, legally merging the two commercial parcels created by Parcel Map 30581; and WHEREAS, the Developer..no longer intends to develop the remaining portion of their property and will not complete construction of the public sidewalk, and has Resolution No. 24370 Page 2 requested that the City release the security held by the City to guarantee its construction. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The recitals above are found to be true and correct and constitute the findings of the City Council made in support of this resolution. SECTION 2. The Subdivision Improvement Agreement, (Agreement No. 5216), with Palm Springs Stroke Activity Center Foundation, a California Non-Profit Corporation, associated with Parcel Map 30581 approved on January 18, 2006, by Resolution No. 21494, is hereby terminated. SECTION 3. The City Clerk is hereby authorized to release the Security Instrument previously filed with the City Clerk to guarantee construction of the Works of Improvement associated with Parcel Map 30581, identified as Certificate of Deposit No. 4719004659 in the amount of$5,000.' SECTION 4. The City Clerk, following adoption of this resolution, shall record this Resolution with the Riverside County Recorder, to provide constructive notice of the City's termination of Subdivision Improvement Agreement, (Agreement No. 5216), recorded on June 30, 2006, as Document No. 2006-0476543. ADOPTED THIS 21 ST DAY OF FEBRUARY, 2018. David H. Ready, Esq., Ph. City Manager ATTEST: thony jia, M City Clerk. Resolution No. 24370 Page 3 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS. CITY OF PALM SPRINGS ) I, ANTHONY J. MEJIA, City Clerk of the City of Palm Springs, hereby certify that Resolution No. 24370 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 February 21, 2018, by the following vote: AYES: Councilmembers Holstege, Kors, Middleton, Mayor Pro Tern Roberts, and Mayor Moon NOES: None ABSENT: None ABSTAIN: None IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Palm Springs, California, this 1`� ` day of aycAr, 2ol� 6n[ t hVMe C ityC Cler