HomeMy WebLinkAbout06612 - PACIFIC HOSPITALITY GROUP SETTLEMENT AGR The following agreements are closed, per Doug Holland, on 03-24-2016, ok to
close so long we still have access to them.
They are all available in Application Extender.
A6827 Villas De Las Flores
A6736 Wessman Dev & Friends of PS Mountains
A66121-' Pacific Hospitality Group
A6606 CAPS Collective
A6588 People for Proper Planning
A6520 Douglas Calvin
A6486 Advocates for Better Community Dev
A6395 Brandenburg Revocable Trust
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ACKNOWLEDGMENT OF FULL PERFORMANCE \
OF RELEASE AGREEMENT
The undersigned hereby agree and acknowledge that once check No. 1072382
in the amount of Three Hundred Thirty-One Thousand Four Hundred Forty-Nine and
90/100 Dollars ($331,449.90 [$143,319.18 principal plus $188,130.72 interest to July
17, 20141), made payable to PHG Inc., is received and honored, the Successor Agency
to the Community Redevelopment Agency of the City of Palm Springs ("Successor
Agency") has fully, completely and finally performed all its obligations under the terms,
conditions and provisions of that Release Agreement between Pacific Hospitality Group,
a California Corporation ("PHG Inc."), William H. McWethy, Jr., William H. McWethy, Jr.,
dba Pacific Hospitality Group, Palm Mountain Resort, Palm Mountain Resort L.P. and
the Successor Agency, executed on or about December 6, 2012, and is fully and
completely released from any further obligations under the Release Agreement.
Each individual signing this Acknowledgment of Full Performance of Release
Agreement on behalf of a business entity, partnership or corporation, warrants he or she
has authority to execute this Acknowledgment on behalf of that entity and that the party
he or she signs for is bound by this Acknowledgment. Facsimile signatures are to be
deemed equivalent to original signatures.
Dated: 7C' /� PACIFIC HOSPITALITY GROUP,
A California Corporation
By����
William H. McWethy, Jr.
Chairman and Chief Executive Officer
Dated: l/ ! By �/10
William H. McWethy, Jr.,
/ In His Individual Capacity
Dated: William H. McWethy, Jr.,
dba Pack Hospitality Group
By "A)�
William H. McWethy, Jr.
Dated: Palm Mountain Resort
William H. McWethy, Jr.
Chairman and Chief Executive Officer
Dated: ��9 ZK7vPalm Mountain Resort .P.
By J�
William H. McWethy, Jr.
Chairman and Chief Executive Officer
1014786.1
�O? LM S.0
City of Palm Springs
Department of Finance and Treasury
3200 E.Tahquirz Canyon Wxy • Paim Springs, California 92262
RIORAT EOTE�•
p _ NP - Tcl: (%0)333-8229 • fax:(760)322-8320 Web: www.palmspringsca.gov
gOFOSO
July 17, 2014
The undersigned hereby acknowledges receipt of check number 1072382 in the amount of
$331,449.90 made payable to PHG, Inc., enclosed with a copy of a letter addressed to Mr.
Terry Hellenkamp from the Geoffrey Kiehl, Director of Finance and Treasurer, dated July 10,
2014, Re: Pacific Hospitality Group v. Community Redevelopment Agency of the City of Palm
Springs.
Dated: 1 -7 �"�_ By:
Print Name:
Title: •n _
Post Office Box 2743 • Palm Springs, California 92263-2743