HomeMy WebLinkAbout9/16/2015 - STAFF REPORTS - 5.C. �pALMg
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c411FS°"`'�p. CITY COUNCIL STAFF REPORT
DATE: SEPTEMBER 16, 2015 NEW BUSINESS
SUBJECT: AS SUCCESSOR AGENCY APPROVING THE SALE OF THE HISTORIC
PLAZA THEATRE TO THE CITY OF PALM SPRINGS IN THE AMOUNT
OF $1.00, AND AS THE CITY COUNCIL APPROVING THE LEASE OF
THE PLAZA THEATRE WITH THE PALM SPRINGS INTERNATIONAL
FILM FESTIVAL LOCATED AT 128 SOUTH PALM CANYON DRIVE.
FROM: David H. Ready
RECOMMENDATION:
1. (Successor Agency) Approve the sale of the Plaza Theatre to the City of Palm
Springs in the amount of $1.00 and the execution of a grant deed.
2. (City Council) Approve the purchase of the Plaza Theatre from the Successor
Agency in the amount of $1.00 and the execution of a certificate of acceptance.
3. (City Council) Approve an Agreement with the Palm Springs International Film
Festival for tenant improvements and the lease of the Plaza Theatre, located at
128 South Palm Canyon Drive.
4. Authorize the City Manager and City Clerk to execute all necessary documents.
MATERIALS TO FOLLOW
Item No . 5 . C .