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HomeMy WebLinkAbout9/17/2014 - STAFF REPORTS - 4.B. VAILM S. 0 V N { ♦ 4roMart♦ Cq</FORN�P CITY COUNCIL STAFF REPORT DATE: SEPTEMBER 17, 2014 UNFINISHED BUSINESS SUBJECT: APPROVE (1) AMENDMENT NO. 4 TO THE PROJECT FINANCING AGREEMENT WITH PALM SPRINGS PROMENADE, LLC TO PROVIDE FOR VARIOUS CHANGES TO THE SITE PLAN, ADJUSTMENTS TO THE PERFORMANCE SCHEDULE AND DEVELOPER OBLIGATIONS, AND THE PERMANENT ACQUISITION BY THE CITY OF THE EVENT AREA SPACE FOR THE REDEVELOPMENT OF CERTAIN REAL PROPERTY AT 123 NORTH PALM CANYON DRIVE, AND (2) AN EASEMENT FOR THE BENEFIT OF BLOCK A FOR AN ELEVATOR AND FOUR PARKING SPACES FROM: David H. Ready, City Manager BY: Community & Economic Development Department SUMMARY On September 29, 2011, the City and Palm Springs Promenade, LLC ("Developer") entered into a Project Financing Agreement ("PFA"), which related to financing, development, redevelopment, creation, and refurbishment of Public and Private Improvements in the Desert Fashion Plaza area of downtown Palm Springs. The Parties have entered three previous PFA Amendments. This Amendment to the PFA approves certain changes to the Site Plan, clarifies the parties' understanding of the effects of various lawsuits on the Project schedule, provides for the City to acquire the land designated for the Event Area in order to keep it under permanent City control, allows the Developer to build additional underground parking spaces at the Site, and provides for other changes related to the Developer's responsibilities regarding public restrooms, and changes certain terms necessary for project financing. RECOMMENDATION: 1. Approve Amendment No. 4 to the Project Financing Agreement No. 6144 with Palm Springs Promenade, LLC; and ITE�A NO. City Council Staff Report September 17, 2014-- Page 2 PFA Amendment No. 4 2. Approve an Easement for the benefit of Block B for an elevator and four parking spaces; 3. Authorize the City Manager to execute all documents to effectuate the Amendment. A6144. Background This report summarizes the previous amendments made to the PFA and describes the changes proposed in PFA Amendment No. 4, and describes a proposed easement for certain tenants within Block A. Amendment No. 1. The first PFA Amendment was a technical change related to the deposit of funds at Project Escrow Closing, and reconciling that with the issuance of the bonds. Amendment No. 2. In October, 2012, the second amendment updated the original Project Site Plan and Project Description. In the Updated Site Plan, certain Blocks were re-designated and accurately described the evolved project. In addition, as part of the Amendment, the Parties approved some changes in land uses, including the creation of an Event Area on (re-lettered) Block E, which replaced the movie theatres included in the PFA. The Event Area was intended to be operated as such for a period of at least ten years and cooperation with each other would occur to retain the services of a person or entity ("Event Coordinator") to schedule, stage, or otherwise provide special events. At the end of the ten year period, the Developer could, subject to normal City design and entitlement approvals, develop and use Block E for any purposes authorized by the Specific Plan, which would mean the City would only have the use of the Event Area for 10 years. Amendment No. 2 also included a change in the Project Description to allow for the proposed Kimpton Hotel in Block C-1, a 160+/- room high end, first class hotel. The Amendment also changed how Block H-2 was to be prioritized. H-2 is one of the parcels acquired by the City under the PFA that could be used for a future Art Museum expansion. Under the Amendment, the portions of Block H-2 which do not include subsurface parking facilities are to be redeveloped as follows: (i) demolish and remove all existing improvements (i.e., concrete surface areas, walls, pavers, landscaping, etc.), (ii) level the site with fill dirt, (iii) install new landscaping (grass, shrubs, trees, irrigation), and (iv) install (on immediately adjacent areas for the benefit of subsurface parking) a new stairwell and mechanical exhaust ventilation system. Such work authorized under 02 City Council Staff Report September 17, 2014— Page 3 PFA Amendment No. 4 Amendment #2, is currently being undertaken by Developer at the City's cost but without any profit or markup. Amendment No. 3. The third PFA Amendment further updated the Site Plan's boundary of Block C and Block C-1, for the purpose of designing the corner block. Amendment No. 4. PFA Amendment No. 4 (PFA 4) covers a number of project-related issues. These include: Site Plan and Tentative Parcel Map The Fourth Amendment includes a revised Site Plan as indicated on Exhibit A, and a tentative parcel map ("TPM") as indicated on Exhibit B. PFA 4 changes Block A from being remodeled to being replaced with two new buildings, Block A and new Block A-1. A 30 foot wide pedestrian "paseo" will be created, aligned to match on the south with proposed Market Street and on the north with an existing entry into the adjacent Hyatt Hotel when Block A-1 is developed. The Hyatt Hotel entry is anticipated to be changed from an interior (currently, a roll-up door between two buildings) to an exterior entry that will give the hotel a new presence in the project. Block A calls for a 3 story structure, well within Specific Plan height parameters, and will contain retail and restaurant uses at ground level, with office uses on the second and third floors. The Developer has submitted revised plans for Block A, while Block A-1 will be designed and developed as part of a future Phase 2 of the Project. In terms of Blocks B and B-1, the original Site Plan contemplated layout configurations, land uses, and improvements that have evolved over time as well. Updated concepts for Block B call for a combined one-story/two-story structure which will contain retail and restaurant uses. Block B is in the design approval process, and Block B-1 will be designed and developed as part of future phase 2. Block E, originally planned for 65,000-70,000 square feet of commercial space plus 165 upper level residential units, is now planned for 50,530 square feet of public open space. Effect of Lawsuits In PFA 4 the Parties acknowledge that the three lawsuits against the project constituted "force majeure" occurrences. On January 29, 2014, the City entered into a Settlement 03 City Council Staff Report September 17, 2014-- Page 4 PFA Amendment No. 4 Agreement of any and all claims relating to Block C and the Kimpton Hotel. The Parties therefore have amended times for performance by the Developer in accordance with the PFA from February 19, 2013, to July 8, 2014, for Blocks A and B. The Amendment also limits future "force majeure" occurrences on blocks where all required discretionary entitlements have been approved. Event Area PFA 4 reaffirms Block E as public open space, which shall be conveyed by Developer and acquired by City, for $4,500,000 based on a valuation report of $5,300,000 performed by CBRE Appraisal Services. The CBRE value is based upon the existing Specific Plan density and land use allowance, and the entitlement of the parcel for 65,000-70,000 square feet of commercial space plus 165 upper level residential units. The City would pay the agreed discounted price of $4,500,000 at close of escrow. City shall operate and maintain the Block E property as public open space. With the addition of new open space in the project, including the 50,530 square foot Event Area, Blocks A, B, C, and E will now feature 147,094 square feet of open space vs. the 53,432 square feet called for in the Specific Plan, a 275% increase over what was originally planned. The City shall own, operate and maintain the Block E property as public open space, and as an active and vibrant area for staging community and public events such as concerts, movies, farmers markets, public gatherings, or community events. The City shall retain the right to contract with a third party ("Event Coordinator") to operate the Event Center. Such management could extend to SMG, the operator of the Palm Springs Convention Center, and PS Resorts, the group of local hoteliers charged with creating special events in Palm Springs could participate as well. In terms of the design of the Event Area, the City has received offers from Stiletto Entertainment (Barry Manilow's company) and Goldenvoice to assist with the design of the center. Given the proximity to future residential and hotel development on the Site, the Developer shall convey to City a noise easement over the Project for music, fireworks, etc., between the hours of 8:00 a.m. and 10:30 p.m. The City, as the owner of Block E would convey to the Developer for the benefit of Blocks C-1 and F, a similar noise easement. Use of Block E and Ability of City to Dispose of Block E The City will commit to operate Block E as public open space for staging community and public events until at least January 1, 2044, or when O'Donnell Golf Club ceases operation, whichever comes first. At any time thereafter, the City may choose to sell or lease Block E for any use or purpose, however, before the City can sell or lease Block E, it must offer to sell or lease it back to the Developer on the same terms and conditions offered by a third party. Although the City will likely maintain the area as an 04 City Council Staff Report September 17, 2014— Page 5 PFA Amendment No. 4 open Event Space, this provision is included to give future City Councils' flexibility should circumstances change or warrant a modification of use. Additional On-Site Parkinq The Developer has agreed that funds received from the sale of Block E shall be deposited in the Private Improvement Escrow Fund and will be used solely to construct approximately 200+/- new underground parking spaces below surface areas of Blocks B and B-1, Market Street, and Andreas Street. Such new spaces are depicted on Exhibit C, and will be constructed concurrently with the new streets in the project area. The public benefit of the construction of the private spaces is that it increases the total amount of parking on site by about 20%. This is important especially as the City begins to program the Event Center, which will be a large parking user. Public Restrooms The Original PFA called for the construction of Public Restrooms in the project. This Amendment clarifies the Developer's requirement to design and construct in Block C public restroom facilities fully compliant with all applicable laws including physical disability access requirements. Moreover, the Developer will convey an easement for the use and operation of these facilities to the City, which will also require City maintenance. In addition, the Developer will install restroom utility services in the streets adjoining the Event Area and provide connections stubbed 5 feet into Block E at locations designated by the City. It is anticipated that the City will then at its cost construct such restroom facilities as it deems necessary or appropriate to accommodate activities at the Event Area. Performance Trust Deed. As part of the Original PFA, the Developer provided the City with a Performance Trust Deed to secure its obligations to complete the Private Improvements. In order to accommodate funding of construction loans for the project, the City will incrementally re- convey the Performance Trust Deed on a parcel by parcel basis concurrently with the recordation of any loan to fund Private Improvements on each parcel, as long as 100% of the costs to complete the improvements are fully funded by the construction loan and/or Developer funds as determined by the lender and reviewed by The City Manager or the City Manager's designee. Developer has agreed that expenditures from any such loan will require prior approval of the IFC Agent, as contemplated by original requirements of the PFA. 05 USES mcxe xLo(xc fVnEplepPM W.un G D$w�aw0.M EBiNNxi/PE,N. (NC4ORIXFffBiASVNi/IEiK GR3.P00.IXYH1/L.IESiMBAWB O -. CI �, TO NO{IDRCOxETALCiK£ND ux oa�u.�owmsuEW w.P1BLirsarv�wa umonca 1f. 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I� m x DOWNTOWN PAi-M 5PRING5 W WE35MAN OEVEIAa PMENT - _ _ EUN,ATa FaHTx u.E1Or.Bn TovFA W1W 4i1B.BETRitl..10A-93TEIRBPM.X)I[ D 0 a) City Council Staff Report September 17, 2014-- Page 6 PFA Amendment No. 4 Amendment of Grant Deed for Parking. PFA #4 also allows the Parties to agree to amend the Grant Deed conveying the Parking Facilities allowing the City discretion to prohibit overnight parking (as the City Council may designate by resolution) in Block A between the hours of 3:00 a.m. and 6:00 a.m. The City may determine the location of the restricted parking. Easement for Benefit of Block A Although the City owns the underground parking areas below Block A, the Developer is negotiating a lease for a major tenant for a portion of that Block. This tenant has a need for an elevator, storage, and four parking spaces. The proposed easement will be over the City parking area in Block A for this purpose. The developer will install additional parking spaces to essentially make up for the loss of spaces provided under this easement. Fiscal Analysis The Event Area land acquisition ($4,500,000) and subsequent construction (TBD — anticipated in the $1,000,000 range) under PFA #4 will be funded through a combination of Measure J Land Acquisition Funds (set aside through previously approved multi-year budget allocations) and from the Quimby-Parks Fund. Measure J specifically allows for the acquisition and development of parks and parkland, and the Quimby Fund — a developer fee — was created to allow cities to acquire and develop parks, recreational and open spaces. David H. Ready, Ci Joh ay ond, Dire or of mmunktjA Economic Development -/ i� Douglas C. Holland City Attorney Attachments: 1. Revised Site Plan (Exhibit A) 2. Tentative Parcel Map ("TPM") (Exhibit B) 3. Revised Underground Parking Plan (ExhibitC) 4. Fourth Amendment to Project Financing Agreement (PFA 4) (Al IN THE CITY Of PALM SPRINGS COUNTY OF RIVERSIDE, STATE OF CAI]FDRNIA VICINITY AlgPAOGJION ANP ON1VERrOEVELOF`ER.' TENTATIVE PARCEL MAP NO. 36446 b. REM A SUBDIVISION OF PARCELS 1.23 @ 1 OF PAhTEL MAP NO 20328, k y rr PNB 133 1 &5 RIVS WD£COUNTY RECOF0.S S Y. 30LTHwYNY ONE-QUARTER OF/SECTION 15. 'NMNSHIP 0 SOIT/ RANGE A EAST. SBYAl tr..� SA w A/R Irc. MARCH ZPIZ 0 a 1/MITY NOTIFIGP[XI.S:."a a - r .. b Y [�Ec rtc ro ew,vne mxry M<bC4M OR yre IeM.Y i���Q p3 ''�f'E�" PAflLEL M PAnCEL B LL15IS OF BEMINOB -. PAACELA _. °`' „'a: � �•-._ RC.NODI.WSTRLCTNQFORMATION .•.. A3SE&SVRS PARCEL MANGERS `> PAWR 'WB TfgAIOBGWOELOGATION FARM S FIX FLOOO ZLWE .. 3 PAnCEL P - \ AREA/NFdfA41TlON - - LO : nn rx rwfltra vo.a;.u i^. OT .w n rmesr aoxr+trtw covrus LOT Y' 9hlg 1 a aor . wzmz wr, '`r aacnweow wan v.aev �- rNrELu FAeraa - 0 fAKH.M .p P�-S IMFdI EO W)APAAI F �'.. LLve'ei dFBE cpMr8c06 C4? ye a r..a,. �� lAFO u60RANIpN 9:•. 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I LA ------------ e EXISTING - - _ EXISTING - BELOW GRADE UPPER LEVEL PARKING GARAGE PARKING GARAGE ill i7 r�l PROPOSED BELOW GRADE PARKING GARAGE i II 1 1 1 m - X S W n 0 BI TN£CITY OF PALM SPRINGS. COUNTY OF RIPE MX STATE OF CAMTDRNTA ���"��-��R�O � R� TENTATIVE PARCEL MAP NO. 36446 BONG A SUBDIVISION OF PARCELS 123 A'r OF PARCEL NAP NO 2O96, Y �' PUB Im/B1 m Rnta§YD£COUNTY R£COROS SOL'THnsr ON£-RUARRR OI'SRTION 1$ 911B1Y5NIP r SOU1H, RANGE G EAST, SBx Si(a [rmv puiu-irsr><� pyO SANS AIX fpe. Y ff ROLE nett ga+xco UT IL NORFLCATOt& x. ':...o,.. x� PARCEI M MALE!Y Mm 4HRSIB�BP1 ., r PARCEL II SCM)aL dSTRICTINFORANTK.W • :.. PARCELI F; r __ -� aw ensr mpurz ewra'nnr 'G... e . su.0 srtti c.usrom - [ ASSESSORS PARCEL NU s PWEL x - — 2i00BTROAf93GW0E LOCATXM' xIARI8S :.-•. vr.E vmia 6' PAAM r _ ,. ^. - TOPOGRAMNC SOURCE K rr .. ••• ARlrAINFORMA]IQR toT's' M A LOTY•,ffl.<h rrr�..rn xu. IA.9CFL 11 MRfB.l •. r 'a 1uAC _ SR "„ 9; , � B -� C LEGAL OEBL'R/PJIQV , IARCEL N � N e IASCH f P IO)1/MT .y.. .weroia[aE cnea.came 5?9 &y w.n usElvraR,un+mrf S PA 2 .• e b 7N .1o` :..� .� IARC6.p n.<x , ra <. cuff -..,. � GENERAL lgTES , PALMGNYON pI. .. . .'_..... - r ,veW4 G,FaBi,e,r:wr•a:nE• f A N�4n, X SANBORN A/E INC. FEATA77W PAMEL MAPNo. 3644tv _ MNWRN �� _:e[ �� auvKmw ��•/' o',:%j.°d°° T1 O A W O City Council Staff Report September 17, 2014-- Page 6 PFA Amendment No. 4 Amendment of Grant Deed for Parking. PFA #4 also allows the Parties to agree to amend the Grant Deed conveying the Parking Facilities allowing the City discretion to prohibit overnight parking (as the City Council may designate by resolution) in Block A between the hours of 3:00 a.m. and 6:00 a.m. The City may determine the location of the restricted parking. Easement for Benefit of Block A Although the City owns the underground parking areas below Block A, the Developer is negotiating a lease for a major tenant for a portion of that Block. This tenant has a need for an elevator, storage, and four parking spaces. The proposed easement will be over the City parking area in Block A for this purpose. The developer will install additional parking spaces to essentially make up for the loss of spaces provided under this easement. Fiscal Analysis The Event Area land acquisition ($4,500,000) and subsequent construction (TBD — anticipated in the $1,000,000 range) under PFA #4 will be funded through a combination of Measure J Land Acquisition Funds (set aside through previously approved multi-year budget allocations) and from the Quimby-Parks Fund. Measure J specifically allows for the acquisition and development of parks and parkland, and the Quimby Fund — a developer fee — was created to allow cities to acquire and develop parks, recreational and open spaces. 1 4'4,n -/ David H. Ready, Ci Joh ay ond, Direc or of �^ mmu Economic Development Dougla C. Holland City Attorney Attachments: 1. Revised Site Plan (Exhibit A) 2. Tentative Parcel Map ("TPM") (Exhibit B) 3. Revised Underground Parking Plan (Exhibit C) 4. Fourth Amendment to Project Financing Agreement (PFA 4) 09 e e bm EXISTING EXISTING BELOW GRADE UPPER LEVEL -I LA PARKING GARAGE PARKING GARAGE PROPOSED " BELOW GRADE PARKING GARAGE - m x 2 n FOURTH AMENDMENT TO PFA This FOURTH AMENDMENT TO PFA ("Fourth Amendment'), made effective as of the date fully executed, is by and between the City of Palm Springs, a California municipal corporation and charter city ("City"), and Palm Springs Promenade, LLC, a California limited liability company ("Developer"), with reference to the following: RECITALS A. PFA. On or about September 29, 2011, the City and Developer entered into a Project Financing Agreement ("PFA"), which related to financing, development, redevelopment, creation, and refurbishment of Public and Private Improvements in the DFP Area of downtown Palm Springs. (The PFA, and all documents attached to and/or executed pursuant to the PFA, are incorporated herein by reference as though set forth in full, and defined terms therein shall, unless otherwise indicated, have the same meanings herein.) B. First, Second and Third Amendments. Prior to the effective date hereof, City and Developer entered into a First Amendment to PFA ("First Amendment'), a Second Amendment to PFA ("Second Amendment'), and a Third Amendment to PFA ("Third Amendment'). (Said First, Second and Third Amendments are incorporated herein by reference as though set forth in full, and defined terms therein shall, unless otherwise indicated, have the same meanings herein.) C. Fourth Amendment. The parties now desire to enter into this Fourth Amendment. NOW, THEREFORE, IT IS AGREED AS FOLLOWS: 1. Site Plan and TPM. As of the effective date of this Fourth Amendment, the Site Plan for the DFP Area is as indicated on Exhibit A attached hereto, and the tentative parcel map ("TPM") for the DFP Area is as indicated on Exhibit B attached hereto. The parties agree that, upon request by Developer made at any time before recordation of a final map pursuant to the TPM, the DFP Property may be legally divided and functionally organized, in a manner generally consistent with divisions, functions and conditions of approval applicable to the TPM, by way of lot line adjustments, easement grants and reservations, and certificates of compliance, rather than by way of recordation of a final map for the TPM. 2. Force Majeure Occurrences. With respect to the Project, the parties acknowledge that (a) three lawsuits have been commenced, (b) two of said lawsuits have been dismissed, and (c) one lawsuit, i.e., a Petition for Writ of Mandamus filed by Advocates for Better Community Development ("ABCD"), Riverside Superior Court Case No. RIC 1302004, received a Court issued Denial of Petition on April 4, 2014. The last day ABCD could appeal the Denial of Petition was July 8, 2014 and such appeal was dfppfafourthamenddch09.11.2014 1 10 not filed. The parties acknowledge and agree that such lawsuits constituted force majeure occurrences and suspended and tolled times for performance by Developer from February 19, 2013 to July 8, 2014. The parties further acknowledge and agree that on or about January 29, 2014, the City entered into a Settlement Agreement with ABCD pursuant to which, among other things, ABCD filed a dismissal with prejudice in the Superior Court Action of any and all claims relating to Block C and the hotel (i.e., the Kimpton Hotel previously approved by the City on Block C-1). The Parties acknowledge that multiple discretionary entitlements have been approved by the City and additional discretionary entitlements will be submitted to the City for review and approval. The Parties agree that any litigation filed against any portion of the Project for which all discretionary entitlements have not been approved shall not constitute force majeure occurrences and suspend and toll times for performance by Developer for any Block within the Project for which all discretionary permits have been approved or has been otherwise approved and vested. For the purposes of this Section 2, the term "discretionary entitlement" does not include ministerial permits 3. Block E. The parties agree that Block E, as shown on the attached Site Plan, shall be conveyed by Developer and acquired by City in fee and without condition or limitation except as expressly provided in this Section 3 of this Amendment No. 4. Block E shall be improved, used, operated, and maintained in accordance with the following: A. Escrow. Within 10 days after execution of this Fourth Amendment, an escrow ("Escrow") shall be opened with a local escrow office of First American Title Insurance Company ("Escrow Holder"), and Escrow instructions, consistent with this Fourth Amendment and as reasonably requested by Escrow Holder, shall be promptly executed and delivered by the parties. The close of Escrow shall occur within 30 days after opening, and Block E will then be conveyed by Developer to City in accordance with the terms hereof. B. Value. Prior to execution of this Fourth Amendment, City requested and received a Valuation Report dated January 17, 2014, which valued Block E at the sum of $5,300,000. Notwithstanding such Valuation Report, City will pay $4,500,000 for Block E and such sum will be delivered at close of Escrow. Said funds shall be used to create additional parking to the extent provided in Section 3.13(1) below. (1) Additional Parking. Developer agrees that all funds received per Section 3.13 above, will be deposited directly into the Private Improvement account and be released, upon authorizations from the IFC Agent and will be used to construct approximately 188+/- new underground parking spaces below surface areas of Blocks B and B-1, Market Street, and Andreas Street. Such new spaces are depicted on Exhibit C attached hereto and will be constructed approximately concurrently with streets to be constructed in the DFP Area. Deposit of the funds per Section 3.13 above into the Private Escrow Improvement account and use of such funds as provided in this paragraph will satisfy the Developer's obligation to deposit $2,000,000.00 into the Private Escrow Account as required under Section 2.8(6) of the PFA. 1 � Uppfafourthamenddeh09.11.2014 2 (2) Use of Parking. Such new parking spaces will be designated for use by occupants of development constructed within Blocks A, B, B-1, C, C-1, D, F, and G, and the guests and invitees of the occupants of such development. C. Title. Prior to execution of this Fourth Amendment, City received a current Preliminary Title Report ("PTR") issued by First American Title Insurance Company ("Title Company") covering Block E, and copies of all recorded exceptions to title shown by the PTR. City has approved the PTR and all such exceptions, and will take title subject to such exceptions and standard title insurance policy exclusions and exceptions. At close of Escrow, City will receive a CLTA title insurance policy issued by the Title Company in the face amount of$4,500,000, D. Pro e . Block E is currently in process of demolition and removal of existing surface improvements. Subsequent thereto, Developer shall, at no cost to the City, do the following: (i) complete public streets to be located adjacent to Block E, i.e., Belardo Road and Main Street, with all appropriate utilities, including without limitation, water, sewer, gas, telecommunications including cable television, and electric utility services installed in said streets; (ii) install connections for such utility services, stubbed five (5) feet into the Block E site at locations designated by the City Manager; (iii) convey good and marketable title to Block E to City, consistent with the provisions of Section LA(1)(b) of the Project Financing Agreement and this Amendment No. 4; and (iv) deliver physical possession of Block E to City in the form of a clean dirt site. Following such delivery, City shall, at its cost, install and maintain the following within the Block E property: public restrooms, appropriate hardscape, landscape, perimeter and ancillary lighting, security systems, irrigation systems, access improvements, and electrical, sewer and audio-visual infrastructure. Such installation work by City will be coordinated so as to be completed approximately concurrently with completion of Private Improvements on Blocks C and/or C-1. E. Use of Block E. Subsequent to installation of the Block E improvements pursuant to Subsection D above„ City shall, at its cost, own, operate and maintain, in a neat, clean, attractive, safe, functional and first class condition, the Block E property as public open space, and as an active and vibrant area for staging community and public events such as concerts, movies, farmers markets, public gatherings, or community events of any kind or nature on or adjacent to (per Section 3.17 below) Block E until at least January 1, 2044 or the date on which the O'Donnell Golf Club ceases operations at the O'Donnell Golf Course, whichever event occurs first. At any time after such date, the City may sell or lease Block E for any use or purpose as the City may determine. Before City may sell or lease Block E to a third party or entity, or any portion thereof as provided herein, the City shall first offer Block E or the portion thereof, to Developer on the same terms and conditions as are offered by the third party. Developer shall have 30 days during which to accept said offer. If Developer does not accept said offer within said period, City shall be free to accept the third-party offer. If City does not enter into an agreement with the third party on said terms and conditions and close the transaction within 120 days, City's right to sell or lease Block E or any portion thereof to the third party shall expire and the procedure described in this Section 12 dfppfaf6urthamenddch09.11.2014 3 shall again be applicable. Nothing herein shall prohibit or limit the right or the ability of the City to contract with one or more third parties to perform any of the City's obligations pursuant to the terms of this Section E, regardless of whether such agreement is characterized as a contract for services, a lease, or any other label or description. F. Noise Easement. Developer, as the owner of Blocks C-1 and F, shall convey to City, and agents, employees, contractors, and designees, a noise easement over the Project, including without limitation, for the staging, conducting, or allowing of events as described above and the residual effects of such events, which may include loud music, loudspeakers, fireworks, vibrations, debris, and other noise or activities, and closure of all or parts of New Main Street between the westerly alignment of Belardo Road and Museum Drive so long as such closure does not interfere with access to Parcel 5, which may disturb or disrupt any owner, tenant, or guest within the Project, between the hours of 8:00 am and 10:30 pm. In the event the City ceases to use Block E for event uses, the City shall terminate the noise easement provided in this Section. City, as the owner of Block E, shall convey to Developer, as the owner of Blocks C-1 and F, a similar noise easement. G. Escrow Costs. Escrow costs and the premium for the title insurance policy shall be paid for by City. Property taxes and assessments shall be prorated between the parties at close of Escrow. H. Prior Provisions. The provisions of Section 3 of the Second Amendment relating to Block E are superseded and replaced by the provisions of Section 3 of this Fourth Amendment. 4. Blocks A and A-1. As leasing discussions have occurred, it became clear that because of concerns about the height of proposed retail facilities, commercial tenants were opposed to locating in the Block A building that was originally scheduled to remain in place. As a result, and after examination of various alternatives, it has been determined that such building should be replaced with two new buildings, one on Block A and one on Block A-1, as depicted on the attached Site Plan. Updated concepts for Block A call for a 3 story structure, well within Specific Plan height parameters, which will contain retail and restaurant uses at ground level, with office and other uses on the second and third floors. Developer intends to submit revised plans for Block A at or prior to execution of this Fourth Amendment. Block A-1 will be designed and developed as part of future phase 2. When Block A-1 is developed, a 30 foot wide pedestrian paseo will be created, and it will be aligned to match on the south with proposed Market Street and on the north with an existing entry into the adjacent Hyatt Hotel. 5. Blocks B and B-1. The Site Plan attached to the original PFA contemplated layout configurations, land uses, improvements, etc., that have evolved and changed over time as pursuit of the Project, and negotiations and discussions with potential tenants, end users, design consultants and the City have occurred. Block E, originally planned for 65,000-70,000 square feet of commercial space plus 165 upper level residential units, is now planned for 50,530 square feet of public open space. 13 dfppfafourtha enddch09.11.2014 4 Increasing open space (and completely eliminating Private Improvements) in Block E logically justifies decreasing open space (and increasing Private Improvements) in nearby Blocks B and B-1. Updated concepts for Block B call for a two story structure which will contain retail and restaurant uses. Developer intends to submit revised plans for Block B at or prior to execution of this Fourth Amendment. Block 13-1 will be designed and developed as part of future phase 2. 6. Block C Public Restrooms. Developer agrees, within a building in Block C, to design and construct at its cost, at a location within such building reasonably acceptable to City, public restroom facilities for women consisting of at least four (4) stalls and related wash basins and facilities, and public restroom facilities for men consisting of at least two stalls, two urinals, and related wash basins and facilities, fully compliant with all applicable laws, including without limitation physical disability access requirements, and connect same to requisite utilities (water, power, sewer). Developer shall convey easement or leasehold title to the restrooms space and improvements to the City in a form acceptable to the City Manager, and thereafter and at all times the City shall operate and maintain such facilities in a neat, clean, attractive, safe, functional, and first class condition. 7. Maintenance of Streets, Sidewalks and Other Common Areas. Within the Project and DFP Area, once constructed and accepted (a) City shall, at its sole cost and expense, operate and maintain all street and sidewalk areas and all landscaping and other improvements, e.g., utilities normally maintained by City, located therein, and (b) Developer shall, at its sole cost and expense, operate and maintain all other common areas and improvements and landscaping therein, all as shown on Exhibit"D." 8. Performance Trust Deed. As part of the PFA, Developer provided City with a Performance Trust Deed to secure obligations of Developer under the PFA to complete Private Improvements. The parties acknowledge that plans for development of the Project have evolved and changed over time, and that such changes, while significantly improving the overall Project, greatly increase Developer costs. Such increased costs can only be funded by substantial construction loans, and such loans can only be obtained if the City releases the Performance Trust Deed. The City is strongly in support of such changes and has agreed, and hereby does agree, to incrementally reconvey the Performance Trust Deed on a parcel by parcel basis concurrently with the recordation of any loan to fund all Private Improvements on each such parcel to be constructed within the DFP Area, so long as 100% of the costs to complete such improvements are fully funded by the construction loan and/or Developer funds as determined by the lender and reviewed by the City Manager or the City Manager's designee at a location in the Coachella Valley identified by the lender In turn, Developer has agreed, and hereby does agree, that expenditures from any such loan will require prior approval of the IFC Agent, as contemplated by original requirements of the PFA. 9. Development Agreement. At any time, upon request by Developer, City and Developer shall exert and use commercially reasonable best efforts to prepare, finalize, execute and implement a Development Agreement, as statutorily authorized by i4 Uppfafourthamenddeh09.11.2014 5 Section 65864, et seq. of the California Government Code, pursuant to which, among other things, Developer will obtain vested rights to construct and operate, in whole or in part, improvements contemplated for construction and development within areas covered by the Project and the Specific Plan. In connection with any such efforts and Development Agreement, City agrees to cooperate and proceed without charge, e.g., without imposition of fees, costs or exactions, upon or against Developer or the Project. 10. Amendment of Grant Deed for Parking. The Parties agree to amend the Grant Deed conveying the Parking Facilities as provided in the PFA to allow the City Council with the discretion to prohibit parking in the underground parking area in Block A between the hours of 3:00 am and 6:00 am as the City Council may designate by resolution. 11. Effect of Fourth Amendment. To the extent provided and/or contemplated herein, the terms, provisions, covenants, and conditions of the PFA (and all documents attached to and/or executed pursuant thereto) and the First, Second and Third Amendments, are deemed amended and superseded. Except to the extent provided and/or contemplated herein, the terms, provisions, covenants and conditions of the PEA (and all documents attached to and/or executed pursuant thereto) and the First, Second and Third Amendments, shall remain in effect as originally written. 12. Incorporation of Recitals and Exhibits. Each of the recitals set forth herein and each of the exhibits and documents attached hereto are incorporated herein by reference and made a part hereof as though set forth in full. IN WITNESS WHEREOF, the parties hereto have executed this Fourth Amendment and made it effective as and when specified above. DEVELOPER: PALM SPRINGS PROMENADE, LLC A California limited liability company By: Title: Dated: CITY: CITY OF PALM SPRINGS A California municipal corporation and charter city By: Title: Dated: ATTEST: City Clerk APPROVED AS TO LEGAL FORM: City Attorney 35 dfppfafourthamenddch09.11.2014 6 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING AMENDMENT NO. 4 TO THE PROJECT FINANCING AGREEMENT BETWEEN THE CITY AND PALM SPRINGS PROMENADE, LLC; AND FINDING NO ADDITIONAL ENVIRONMENTAL REVIEW IS REQUIRED. The City Council of the City of Palm Springs, California, finds: A. The City, as lead agency, prepared the Museum Market Plaza Specific Plan EIR (the "Specific Plan EIR"). The Specific Plan EIR analyzed the potential environmental impacts of the proposed Museum Market Plaza Specific Plan pursuant to the California Environmental Quality Act, Public Resources Code Sections 21000 et seq. and California Code of Regulations, Title 14, Sections 15000 et seq. ("CEQA"). The Specific Plan EIR concluded that the Museum Market Specific Plan would have significant and unavoidable effects on the environment. B. On December 9, 2009, the City Council for the City of Palm Springs made findings, adopted a Mitigation Monitoring and Reporting Program, adopted a Statement of Overriding Considerations, and certified the Specific Plan EIR pursuant to the provisions of CEQA. On that date, the City Council also adopted the Museum Market Plaza Specific Plan, conditioned on compliance with the mitigation measures in the Specific Plan EIR/ Mitigation Monitoring and Reporting Program. The redevelopment of the Desert Fashion Plaza site was specifically contemplated by the Museum Market Specific Plan and analyzed in the Specific Plan EIR. C. On September 29, 2011, the City and Palm Springs Promenade, LLC, entered into a Project Financing Agreement applicable to the financing, development, redevelopment, creation and refurbishment of public and private improvements in downtown Palm Springs at the Desert Fashion Plaza site within the Specific Plan area which included, among other things, a site plan and project description depicting the proposed improvements. D. The City and Palm Springs Promenade, LLC, subsequently developed a Second Amendment to the Project Financing Agreement which included a revised site plan and project description (the "Second Amendment'). E. Pursuant to the Second Amendment, the redevelopment of the Desert Fashion Plaza site will include, among other things: a hotel of approximately 170 rooms at the P���kiOr�G� ��►Al RESO-4m Amendment PFA northeast corner of Belardo Road and Tahquitz Canyon Way in lieu of a commercial office building; an "Event Area" west of Belardo in lieu of a movie theater; and reconstruction of two lots east of North Museum Drive and the Palm Springs Art Museum, to include new landscaping and related hardscape and other improvements (collectively the "Modified Project"). F. The City, as lead agency, determined that the Modified Project was within the scope of the Specific Plan EIR and would not result in any new significant effects, a substantial increase in the severity of previously identified significant effects, or require any new mitigation measures or alternatives requiring major revisions in the Specific Plan EIR. The City, therefore, prepared an Addendum to the Specific Plan EIR (the "Addendum"). (Public Resources Code § 21166; CEQA Guidelines §§ 15162, 15164). G. On October 17, 2012, the City Council for the City of Palm Springs approved the Addendum, found that the Modified Project conformed to the Museum Market Specific Plan, and approved the Second Amendment. H. On December 19, 2012, the City Council approved a Third Amendment to the Project Financing Agreement which included further minor revisions to the Modified Project including, among other things: a minor reconfiguration of Main Street such that Main Street is no longer curved between North Museum Drive and Belardo Road, but rather is straight between North Museum Drive and Belardo Road, an increase in the total number of hotel rooms from 170 rooms to 185 rooms (some of which will now be located in Block C-1), the further set back of the second story of the Block B building, and certain changes in uses listed on the Site Plan (the "Third Amendment"). I. On December 19, 2012, the City Council also approved the following entitlements for the project: Tentative Tract Map No. 36446 to subdivide 13.6 acres into fourteen lots for development and four lots for public infrastructure (streets) located at the northwest corner of Palm Canyon Drive and Tahquitz Canyon Way; Major Architectural Approval Case No. 3.3605 for development of lands located at the northwest corner of North Palm Canyon and Andreas Road (new): Block "A"; Major Architectural Approval Case No. 3.3606 for development of lands located at the northwest corner of North Palm Canyon and "New Main Street": Block "B'; Major Architectural Approval Case No. 3.3607 for development of lands located along the westerly frontage of North Palm Canyon Drive, south of "New Main Street": Block "C"; and Planned Development District Case No. 5.1290 / PDD 361 for development of a hotel of approximately 185 rooms, restaurants, meeting rooms, retail uses and ancillary uses in excess of 60 feet in height located at the northeast corner of West Tahquitz Canyon Way and Belardo Road (new): Block "C-1" (collectively, the "Entitlements"). J. On December 19, 2012, the City found that the Third Amendment and the Entitlements were within the scope of the Specific Plan EIR and the Addendum, and AESO-e Amendment PFA none of the circumstances triggering further environmental review had occurred. (Public Resources Code § 21166; California Code of Regulations § 15162). K. On May 27, 2014, Palm Springs Promenade, LLC submitted a revised architectural application (Case 3.3605-MAJ) for the construction of a three story commercial building on the easterly half of Block A located at the northwest corner of N. Palm Canyon Drive and Andreas Road and a one story. L. The revised architectural application (Case No. 3.3605-MAJ) are generally consistent with the Museum Market Plaza Specific Plan development standards approved by the City Council on December 2, 2009 and analyzed in the Specific Plan EIR. M. The Planning Commission on June 25, 2014 in its Resolution No. 6412 approving Case No. 3.3605-MAJ determined that no further environmental review is required pursuant to Public Resources Code Sec. 21166 and California Code of Regulations, Title 14, Section 15162. N. The Planning Commission has also considered a revised architectural application, Case No. 3.606-MAJ, for a two story retail commercial building on the easterly half of Block B located on the northwest corner of N. Palm Canyon Drive and "New Main Street. The Planning Commission on September 5, 2014 in its Resolution 6436 approving Case No. 3.3606-MAJ determined that no further environmental review is required pursuant to Public Resources Code Sec. 21166 and California Code of Regulations, Title 14, Section 15162. O. The City Council on September 17, 2014 reviewed and considered a 4th Amendment to the Project Financing Agreement that further refines the manner in which the first phase of the Specific Plan will be implemented and how certain enhanced facilities will be financed. These revisions are described in the City Council Staff Report, dated September 17, 2014 and the 4th Amendment to the Project Financing Agreement attached to the Staff Report. P. The City finds that the 4th Amendment to the Project Financing Agreement is within the scope of the Specific Plan EIR and the Addendum for the following reasons: (1) The proposed building heights, densities, and uses are within those analyzed in the project EIR and Addendum and therefore there is no anticipated increase in project impacts, particularly with respect to any visual impacts, traffic, or trip generation; (2) The proposed change which provides that the open space will be owned by the City rather than the Developer is merely a change in ownership, not usage, and therefore will not create any new environmental impacts that were not previously analyzed; (3) City ownership in lieu of City right to use Block E for only ten years ensures that the public open space to be maintained on Block E will be of benefit and available for public RES04'Amendment PFA use for at least thirty years under the terms of the 4th Amendment; and (4) The 4th Amendment also provides a source of funding the construction of additional on-site parking that will benefit the Project and ensure availability of public parking within the City owned parking structure; therefore no further CEQA review is required. Q. Except as otherwise expressly provided in the Fourth Amendment (underground parking under Block B-1), nothing herein shall be considered as an approval of any development proposal for Blocks A-1, B-1, D, F, or G of the Project and such development shall be subject to all required or appropriate environmental studies and review when or if development is proposed on such Blocks. NOW, THEREFORE, the City Council of the City of Palm Springs resolves: SECTION 1. The Fourth Amendment to the Project Financing Agreement is approved and the City Manager is authorized to execute the Second Amendment in a final form approved by the City Attorney. SECTION 2. The City finds that the 4th Amendment to the Project Financing Agreement is substantially within the scope of the Specific Plan EIR and the Addendum and was fully analyzed under CEQA at the time of the December 19, 2012 decision to approve the Entitlements and none of the circumstances triggering further environmental review have occurred since the adoption of the Addendum: (i) there are no substantial changes in the project requiring major revisions of the Specific Plan EIR and Addendum due to the involvement of new significant environmental effects or a substantial increase in the severity of previously identified significant effects; (ii) there are no substantial changes with respect to the circumstances under which the project is being undertaken which will require major revisions of the Specific Plan EIR and Addendum due to the involvement of new significant environmental effects or a substantial increase in the severity of previously identified effects; and (iii) there is no new information of substantial importance, which was not known and could not have been known with the exercise of reasonable diligence at the time the Specific Plan EIR and Addendum were certified showing that: (a) the project will have one or more significant effects not discussed in the Specific Plan EIR and Addendum; (b) significant effects previously examined will be substantially more severe than shown in the Specific Plan EIR and Addendum; (c) mitigation measures or alternatives previously found not feasible would in fact be feasible, and would substantially reduce one or more significant effects of the project, but the mitigation measures or alternatives have not been adopted; or (d) mitigation measures or alternatives considerably different from those analyzed in the Specific Plan EIR and Addendum would substantially reduce one or more significant effects on the environment, but the mitigation measures or alternatives have not been adopted. No further environmental review is required. (Public Resources Code § 21166; California Code of Regulations § 15162.) RE804'Amendment PFA PASSED, APPROVED, and ADOPTED this 17`h day of September, 2014 David H. Ready, City Manager ATTEST Jay Thompson, City Clerk RESO-4' Amendment PFA Low Offices of Babak Naficy September 16, 2014 Via U.S. Mail and Email Palm Springs City Council City of Palm Springs, c/o City Clerk o 3200 E.Tahquitz Canyon Way Palm Springs, California 92262 c citvclerky, almsg1rin ,s, a.uo c _v Q' __ Ln Stev�e.Pougnetu .abnsngs=caovo s Chris.Mills(a,palmsnnnr~s-ca.gov a= Ginny_Foat(u:palmsprings-ca.gov 1504 Marfih stiee+ Rick.HutchetiODC, almsprings,-ri.�ov - J San i uis on"po PauLl.ewinalms rinusca.gov. Cahfom,n 93401 RE: City Council Meeting Agenda Item 4.B.-Amendment No. 4 to Project Financing Agreement with Palm Springs Promenade, un a0s s93 09<6 LLC lax. 805.593 0946 Councilmembers, Regrettably, I am required to write to you again on behalf of Advocates for Better Community Development ("ABCD") to oppose the proposed amendments to the Museum Market Plaza Project and object to the City's continued enabling the project applicant (Wessman) to continue to substantially change the project with little or no public input or environmental review. This process started even before the Specific Plan was approved, when the applicant came to you to ask for permission to "renovate" the Fashion Plaza instead of faithfully implementing the provisions and vision of the Specific Plan. Over the public's objection, the city agreed. After many of hours of public testimony,visioning sessions, hundreds if not thousands of hours of staff work, and planning commission hearings, the City finally approved a Specific Plan in 2009. But three years later, in October 2012, the City unceremoniously made major concessions to the applicant by agreeing to essentially tear out the heart of the Specific Plan -- the public plaza on Block B-- based on the applicant's representation that he intended to implement a "renovation plan" on the theory that existing buildings on Block A would be retained. The City made other major concessions to the applicant, including additional hotel rooms, elimination of the residential component of the project, and increased height to 100 feet. By December 2012, the project was changed again. q/r7hy Palm Springs City Council September 16, 2014 Page 2 of 5 Less than two years later, the City is again considering even more changes to the project, including the elimination of Block A and the underground parking, and the gift of public funds to secure an event center/public plaza, an amenity which the Specific Plan never envisioned the City would have to pay for. Incredibly, the City foisted these major changes on the public at the proverbial 1Ith hour, leaving the public virtually no time to analyze, digest and comment on these major changes to the project and the proposed gift of public funds to the applicant. Surely the City has been in negotiations with the applicant for months over the details of these proposed arrangements, yet the public is only afforded a few days to consider and comment on these proposals. The City's actions shows profound disregard for transparency and demonstrates utter contempt for the public and for public participation and oversight in the City's fiscal affairs. The City cannot proceed with the proposed action because the Agenda Notice is misleading and inadequate, in that it does not adequately put the public on notice of the issues that will be discussed and decided in connection with the proposed action. The Report claims the applicant would build 200+/- parking spots beneath block B, but the PFAAmendment#4 obligates the applicant only to build 188 spots. As explained below, the City may not approve these proposed changes and the amendments to the PFA because the previous approvals are null and void. This is because the City's approval of the development plan, the Second Amendment to the PFA and the Addendum were all based on a"conformity review" which in turn was premised on the applicant's representation that he intended to implement a renovation plan that retained the building on Block A. Now that the applicant has demolished the Block A building and proposes to construct entirely new buildings,the previous "conformity determination" is void because the project can no longer be described as a renovation plan. ABCD, moreover, opposes the Fourth Amendment to the PFA on the grounds that it amounts to a gift of public funds. According to the Specific Plan, to which the applicant agreed, as well as the original PFA, the Museum Market Plaza was to include a central public plaza on land that would remain in the applicant's ownership. This would have cost the City nothing. But now, the City proposes to pay the applicant $4,500,000.00 to acquire the event area. This amounts to a gift of public funds because the public gets nothing more than what the Specific Plan called for. The proposal therefore is also inconsistent with the Specific Plan, which implicitly required the applicant to build and maintain a central plaza/event space at no extra cost to the City's residents. Finally, the City may not approve the Fourth Amendment to the PFA also because it is not clear how the proposal affects traffic and noise. Pursuant to CEQA, the City may not approve the Fourth PFA Amendment without evaluating the impact on traffic and noise. Palm Springs City Council September 16, 2014 Page 3 of 5 The previous approvals are null and void In 2012, the City approved the development of mixed-use buildings on Block B, despite the fact the Specific Plan envisioned a central plaza with only 4((X) square feet of development on Block B. The City approved the applicant's request based on a so-called conformity review. At the applicant's request, prior to its adoption, the Specific Plan was amended to specifically acknowledge that Wessman may choose to renovate all or part of the then-existing Fashion Plaza rather than demolish and rebuild the structures. In 2012, Wessman decided to take advantage of this provision by proposing a revised renovation plan which retained the buildings on Block°A, but converted the central plaza in Block B to over 90,(XX)square feet of mixed-use development. In October 2012, the City concluded this"renovation plan" was in conformity with the renovation plan that was recognized in the Specific Plan. Thus, in 2012 the applicant contended that its proposed project qualified as a renovation plan because he represented to the City that he would retain the building on Block A. The following excerpt from the applicant's brief in the trial court illustrates this point: 7 The application for architectural approval on Block A shows that it seeks approval 8 for demolition of facades only,with the intent that existing floor plates will remain, and 9 no additional square footage would be added. [AR 7177.1 The site plan for block A 10 provided as part of the architectural application [AR 74081 shows the same proposed 91 structure on Block A as was shown on the Downtown Palm Springs Project site•plan 12 reviewed by the Council on October 17, 2012 as part of its conformity review and 13 approval of the Addendum [AR 176.J The application for architectural approval on Block 14 A was approved by Resolution 23267 adopted on December 19, 2012 [AR 323-366.] The City therefore approved the Second Amendment to the PEA, the EIR Addendum and each of the Architectural Applications the City approved for Blocks A. B and C, as well as the tentative map and the PDD for the Block C hotel, on the basis the conformity review it conducted on October 17, 2012. This conformity review included the applicant's promise that the open space on Block F would be developed at the applicant's expense and retained and made available for public use for at least ten years. Now that the project can no longer be described as a renovation plan, all approvals based on the City's conformity review are null and void. The following excerpt from the Staff Report for the October 17. 2012 City Council hearing, at which the City approved the Second Amendment to the PFA and the EIR Addendum based on the conformity review, illustrates this point: Palm Springs City Council September 16, 2014 Page 4 of 5 The proposal may be seen as a renovation of the existing mall because of the retention of a building and the existing parking facilities. These significant existing facilities provide a basis for evaluating the proposal as a "renovation project" as defined by the Specific Plan. The proposal may also be seen as a further variation of the plan determined by the City Council in 2009 to be conforming to the Specific Plan The City now proposes to amend the Financing Agreement, thereby revising the site plan and permitting the applicant to demolish the building on Block A in its entirety. This proposed action is entirely inconsistent with, and supersedes the City's October 12. 2012 conformity determination,which as I have explained, was the basis for all project approvals. Accordingly, to the extent that the approvals were based on a superseded conformity determination, all approvals including Resolutions No. 23266, 23267, 23268, 23269, and 23270 are null and void. Before the project can go forward, the City must undertake de novo analysis of the Project's consistency with the Specific Plan independent of the conformity review provision, which no longer applies. At a minimum, the City must explain why the 2012 conformity review still applies. The proposed action amounts to an impermissible gift of public funds to the developer Under the terms of the Specific Plan, the City and its residents would have had the benefit of a public plaza on Block B while the developer retained ownership of the parcel. The construction of the necessary improvements such as landscaping and a water fountain according to the Specific Plan specifications, moreover, was the developer's responsibility. Subsequently, the City agreed to eliminate the public plaza and permit 90,000 square feet of commercial development on Block B, but Block E was to be converted to a public space for a minimum of 10 years, again while the developer retained ownership (ie. no cost to the tax payers) but agreed to give the City license to use the space for public purposes. Under this arrangement, the developer was required to implement the necessary improvements and share maintenance costs. According to the Staff Report: In lieu of a movie theater on Block E, the Developer is proposing that an Event Area be provided for use by both the City and Developer for 10 years. The use arrangements will be worked out between the parties in the future. The Developer will be responsible for making appropriate improvements to the Event Area and the City will be responsible for installing certain event equipment related to the staging of events and performances. Under the current proposal, the developer would be paid 4.5 million dollars for the same space that he had already agreed to make available to the public, and he is no longer responsible for paying for any of the "appropriate improvements" he had previously agreed to make. This new arrangement therefore constitutes an illegal gift of public funds to the developer. It should also be noted that it appears that the new subterranean parking in Block B would Palm Springs City Council September 16, 2014 Page 5 of 5 be privately owned by the applicant, not subject to the Grant Deed for Parking. As such, the City may not be in control of this parking. The City must undertake environmental review of the proposed action The Staff Report does not even mention CEQAor whether the proposed action requires any further environmental review. Because the proposed action changes the Specific Plan in ways that could affect the environment, the City must refrain from considering the proposed actions until it has undertaken supplemental environmental review as required by CF,QA. The City must undertake an environmental review of the proposed "noise easements"on noise.. and the impact of the newly proposed parking in Block B on traffic and circulation. The proposed "noise easement"also appears to violate the City's responsibility to implement its own noise ordinance. Moreover, the proposed "noise easement" violates the terms of the mitigation measures required and adopted in connection with the Specific Plan, which in relevant part provides: Future on-site development shall comply with all relevant development standards and Palm Springs Municipal Code requirements to ensure that grading and construction activities and site operations do not create adverse noise impacts beyond the site boundaries as specified in the Noise Ordinance 81. Construction activities shall incorporate feasible and practical techniques,which minimize the noise impacts on adjacent uses, such as the use of mufflers and intake silencers no less effective than originally equipped per City Policy NS3.11. (FIR at III- 149) Conclusion At a minimum, the City should put this proposed action on hold until the public has had a meaningful opportunity to review and comment on these proposals. The City, moreover, must ensure that the public notice for the proposed action meaningfully describes the proposed actions for the benefit of the public. Substantively, while ABCD applauds the City's efforts to create an open space/event area. the proposed purchase of Block E is an unnecessary gift of public funds on a project to which the City has already donated considerable financial assistance at the public's expense. If the City insists on following this path, at a minimum it must consider whether the previous approvals and entitlements, which were based on the premise that the project is a renovation plan, are still valid. Finally, the City may not consider project approvals until it has conducted supplemental environmental review as required by CEQA. Sincerely, /13/ab ak Na� �/ ! I Babficy Counsel for ABCD IN THE CITY OF PALM SPRINGS, SHEET J OF 4 SHEETS Mo PARCEL MAP 1/f7 COUNTY OF RIVERSIDE, STATE OF CALIFORNIA ZEQ RIVERSIDE COUNTY RECORDS PARCEL MAP NO. 3844� /FT➢AtCLOSP 4ERWElD FD. COPPERNEID �> PER PM 133/81-85 M6IBEMBA PER VM 133/81-85 BEING A 3U9D(VISlON OF PARCELS 1.2.3 & 4 OF PARCEL MAP NO 20326, NDO_08'00"W B07.00' �C/L _ _ _ _ _ ___ P.MB. 133 81-85, RIVERSIDE COUNTY RECORDS 4oe.7e' 398.21' NORTFIIIEST ONE-QUARTER 0 SEMON 15, TOIINSNIP 4 SOUT$ RANGE 4 EAST, SBM N00'08b0' 693.00' "t 1W G7 188.84' 135.43 41 160.63 167.10 Cl SANDORN AI IBC" MAY 2014 o FLpS NNL h TAC I FD. NAILL$$& TALC �2 g, PER P4MG 133/81-8.5 0 8 o PER PM 133/81 155 n O.J6 AC. 16 O.J7 AC. 2 jz_0298855 m SURVEYORS NOTES eEALINE TABLELENCTI m EL 104pE"12 038 m INSTCRPARCE6 927/2012 O.R. 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VACATED---__ (Tw) - _ jJf_ BE N00 OB 00 W 23 _- ._- _ _ m 7n NI7 1739 C2;' 65.00' 164.71 i 57.00' _.�. __ • of g '0 18 N 0800 W ;a 2 1.71 212.85' N o NOG'OB'00"W _408.42'_ H N N°0•G8'00'W 258.58 N L71 _ NDO'OWWW _ 653.34' r < XC/L N00.08'00'W 662.00' - _ .- - w NOO•o8'00'W 658.34'- _ - - -- T-A LS 41 DISK Fp COPPEER6/8, / TAG LS 133 PAU/(.4M197M D/L TAC LS 1 3 PER PM 133/81-85 // PER PM 133/Bt-85 �,5, / b BLOCK , PALDIEGO COUNTY S. MB 5432 �BL�SANS IEGO UNITY RECOBRVJ2 GRAPHIC SCALE 60 30 0 60 120 180 SCALE 1':60' ra 1a 110 Emily Perri Hemphill Attorney-at-Law P.O.Box 1008 Rancho Mirage,CA 92270 760-880.4292 ephemphill(a aol.com September 17, 2014 Mayor&Council City of Palm Springs 3200 E. Tahquitz Canyon Way Palm Springs, CA 92262 RE: Response to Babak Naficy re: Amendment 4 to the PFA Dear Mayor& Council: This office represents Palm Springs Promenade, LLC. At tonight's Council meeting, the Council will be considering an amendment to the Project Financing Agreement for the Museum Market Plaza, and related revisions to the site plan. The purpose of this letter is to respond to the comments submitted by ABCD via a letter from their attorney, Babak Naficy. I therefore ask that this letter be included as part of the administrative record in this matter. Much of Mr. Naficy's letter attempts to re-argue, yet again, actions which the Council has taken in the past related to this project. It is important to note that Mr. Naficy had the full opportunity to litigate those claims, and lost. It is therefore irrelevant to raise those same issues again. Mr. Naficy makes the claim, with utterly no legal support of any kind, that the Council's past actions are retroactively void because the situation with respect to Block A has changed. The Council's decisions are based upon the facts as they exist at the time of the decision. Mr. Naficy offers no legal authority, as indeed none exists, to say that when facts change, any prior decision, no matter how long ago it was made, is suddenly void. Therefore, his concept that decisions made over a year ago based on the facts at the time must now be undone because the facts have changed is unsupported in the law and invalid. This is particularly true in a case such as this one, when the applicant has invested significant time and money in reliance on those decisions. Mr. Naficy's original claim in his failed litigation was that the Council did not have the right to treat the revised plan as a renovation plan, and therefore, the conformity review was improper. As was pointed out in the litigation, the °renovation plan" as defined in the original specific plan did require significant demolition, but like that approved renovation plan, the current plan still preserves the multi-million dollar parking structure and constructs the revised buildings around that base structure. The Council therefore has the right to continue to treat this as a renovation plan. Mr. Naficy then tries to claim that the City's payment for conveyance of Block E is a gift of public funds. This ignores the basic constitutional principal that government cannot take private property without paying just compensation. Apparently Mr. Naficy believes that the obligation to have open space in Block E was tantamount to the City's right to take the property O,9 I i-i I toi` - yrt=N^ 4- 43. without compensation. This is obviously not supported by the law, and neither is it supported by the facts. The previous plan for Block E was that it would be owned by the Developer, and preserved as open space for 10 years. In the prior litigation on this matter, Mr. Nafcy made a claim that this was inadequate as the open space needed to be preserved in perpetuity. By purchasing the property, the City is doing just that, and yet ABCD still complains. The fact is, the City, under the fourth amendment to the PFA, is purchasing Block E, giving the City all the incidences of ownership, and under the Constitution, the City must pay just compensation for acquisition of such private property. In determining value of property when a City acquires it, the value is to be established based on the property's highest and best use in its current condition. In determining the value in such a case, the City's intended use is not to be taken into account. In this case, that value was established by the City's outside consultant at $5.3 million. Mr. Naficy's creative claim of a gift of public funds is therefore without merit. ABCD next argues that the City must perform a CEQA analysis. However, under CEQA, once the City has certified an EIR, it cannot require further environmental review unless there is a change in the circumstances of the project or a change in the project that makes the earlier review inadequate because there are new impacts or increased severity in the impacts previously identified. As the staff report indicates, the issue at hand does not create new impacts, nor does it increase the severity of impacts already assessed. Building heights are well within the limits of the building heights anticipated in the EIR. Building densities are also within the limits analyzed in the EIR, and the basic road structure remains basically the same, with minor improvements. Therefore, it is reasonable for the City to conclude that there are no additional traffic issues that need to be analyzed. The project uses remain the same as those analyzed, and therefore it is reasonable to conclude that there are no new noise issues generated by the proposed project that were not already analyzed. The fact that the City is asking for a noise easement in favor of the public open space is merely a precaution to avoid any concerns around public events held on Block E, it is not evidence that there is any more noise issue than was analyzed previously. Under these conditions, the City is entitled to rely upon its previous CEQA analysis and no additional analysis is required, or indeed even permitted, under CEQA. Sincerely, &,.�t &� Emily Perri Hemphill . 'Wow doope . R E S 0 R T S September 16, 2014 Aftab Dada CHAIRMAN OF THE BOARD City of Palm Springs 3400 Tahquitz Canyon Drive Tim Ellis Palm Springs, CA 92264 VICE CHAIRMAN Dear Mayor and Council Members: Marie-Helene Morowafi SECRETARY On behalf of the PS Resorts Board of Directors we would like to express our---- support of the downtown revitalization project and entertainment center. Brandon McCudey TREASURER It is our mission at PS Resorts to initiate and pursue sustainable event (s) for Palm Springs. We feel this event center will add a unique venue to the downtown experience, creating an opportunity for live music and performances such as the Tachevah concert in the spring. Additionally, this project will enhance the downtown area and create new opportunities driving revenue for the local hotels, restaurants and retail shops. Groups like Wanderlust (a yoga & music festival) that we lost due to lack of outdoor meeting space in 2014 will be able to meet in Palm Springs generating business for the city during our off-peak and peak times. We are in support of Measure J funds being used for this downtown project and feel overall this will also help to restore & boost the econom in ou area. S" rely, Tim EI is S e skai PS Resorts Vice Chairman 190 Amado Road Palm Springs, CA 92262 760-275-0963 wANV`9-RES0RTS.com 09`"7/z04- . -'4 4,6 PALM SPRINGS ART MUSEUM Date: 09/17/2014 To: Mayor and Members of City Council —City of Palm Springs From: Harold J. Meyerman, Chairman of the Board, Palm Springs Art Museum On behalf of the Board of the Palm Springs Art Museum, Executive Vice Chair, Mr. Matzner and myself, as the appointed members to represent the Museum in matters of this kind, we applaud tonight's action by the City of Palm Springs that will support and enhance the Museum's ability to serve the community of and, visitors to Palm Springs. The Art Museum is one of the premier attractions in Palm Springs with more than 180,000 visitors annually. We credit our success to the generous and devoted support of our many benefactors and the general public. The Palm Springs Art Museum is now recognized globally as a leading mid-sized Museum. The Museum serves as a significant cultural resource for the City of Palm Springs. Our new Architectural and Design Center, with major City support, will be ready to open officially, November 8. The huge additions to our collection and the recent renovation of our Administrative Building, all confirm our growth and the requirement for additional parking and space for future expansion. Successful and timely completion of Museum Market Plaza will provide long awaited, direct access to the Museum from Palm Canyon that represented one of three issues we have raised with you over the years. The two remaining issues: additional parking and space for expansion remain of major concern. Thank you, Mr. Mayor and City Council, for constructively addressing these issues. The two hundred new underground parking spaces made possible with your vote tonight is a home run. Acquiring the open space across the 0street from the Museum for permanent community event space represents a grand slam. I urge you to support this important action. Sincerely, Harold J. Meyerman Chairman a,7/1 71y014 PO Box 2310, 101 Museum Drive,Palm Springs,CA 92263-2310 760-322-4800 infoapsmuseum.org psmuseum.org ITEM 4.6. Judy Deertrack 1333 South Belardo Road, Apt 510 Palm Springs, CA 92264 Wednesday,September 17, 2014 To the City Council Palm Springs, California RE: ITEM 4.B. APPROVE AMENDMENT NO. 4 TO THE PROJECT FINANCING AGREEMENT WITH PALM SPRINGS PROMENADE, LLC TO PROVIDE FOR VARIOUS CHANGES TO THE SITE PLAN, ADJUSTMENTS TO THE PERFORMANCE SCHEDULE AND DEVELOPER OBLIGATIONS AND THE PERMANENT ACQUISITION BY THE CITY OF THE EVENT AREA SPACE FOR THE REDEVELOPMENT OF CERTAIN REAL PROPERTY AT 123 NORTH _P_ALM CANYON DRIVE, AND APPROVE AN EASEMENT FOR THE BENEFIT OF BLOCK_A FOR AN ELEVATOR AND FOUR PARKING_ SPACES: RECOMMENDATION: 1) Approve Amendment No. 4 to the Project Financing Agreement No. A6144 with Palm Springs Promenade, LLC; 2) Approve an Easement for the benefit of Block B for an elevator and four parking spaces; and 3) Authorize the City Manager to execute all documents to effectuate the Amendment. A6144. TO WHOM IT MAY CONCERN: This letter expresses my concerns that the City of Palm Springs has bypassed important public rights and processes required under the State of California Planning and Development laws, and the California Environmental Quality Act (CEQA) in implementing the Downtown Specific Plan (MMPSP). Most importantly, I feel that the MMPSP has become privatized as a matter between the City Council and the Project Applicant(Developer) without sufficient information and input from the general public. Over the years, the project has radically evolved into new planning components that were never discussed or anticipated in the early parts of plan review; nor have those changes received subsequent environmental review. I believe the last public hearings on the permits issued for the various plots under this plan were somewhere around December 2012. Since then, there have been radical alterations in use of the blocks, open space, massing, height, bulk, and setbacks, view shed, historic preservation, traffic impacts, parking, and financing, but the City of Palm Springs has NEVER had a subsequent public hearing, nor have these changes ever received environmental review. The modifications to the land use entitlements have been processed under Agenda Item 4 as "Unfinished Business" of the City—and this is a sad relegation of the City's top priority and the right of its citizenry to give proper input. Project review since 2012 has been an architectural matter under either"design conformity review," or changes to the Project Financing Agreement(PFA). The agenda under Item 4 does not allow public comments, but relegates the general public to speak under General Public Commentary off the MMPSP Agenda. This is unprecedented in my experience for the implementation of a Downtown Specific Plan. o9/i7lZr) -7 2 California has legislated the Specific Plan process with enough specificity that its implementation varies little from City to City, and most of the procedures are standardized. The General Plan rules as the constitution for all future development, and its explicit standards cannot be violated, even by Charter Cities. Specific Plans create a sharper focus and interpretation of the General Plan policies, and dictate standards specific to the commercial area under development, and it is a conceptual stage — but once adopted, the plan is implemented through land use entitlements, and that is a very concrete and important time to tie down the details of the development. There is a sharp contrast between the conceptual standards of a Specific Plan, and its implementing tools — and 1 do believe this is where the City has failed to grasp the full public responsibility of proper land entitlement, hearings, and environmental updates. ENVIRONMENTAL/SITE PLAN REVIEW: Once adopted, a Specific Plan is implemented in stages, but the original environmental review is comprehensive and avoids deferment. All elements of the project must be assessed. Environmental review of a Specific Plan, like the plan itself, tends to assess the broad outlines of the conceptual vision; secondary review is always necessary. With plan implementation, later supplemental environmental review ties down to specifics. The project details are processed through LAND USE ENTITLEMENTS, both as tract maps and either a CUP or PDD, often processed through approved "engineered site plans" that are so detailed, the project can be built to spec from the exhibit itself. It is no longer a guessing game, and the general public is not looking at pretty but amorphous visions or possibilities. This implementation happens early on, and ties down the specific environmental impacts. If these site plans are approved (always at a hearing), and are later significantly revised, the site plan comes back to the decision maker and the general public in a public hearing context, and the changes from the previous approval are clearly earmarked, with explanation. So, there are stages: (1) adoption of the Specific Plan and its EIR, (2) approval of tract maps and land entitlements (CUP/PDD) with design review, and supplemental environmental review (and hearings), and (3) possible revisions to the permits (CUP/PDD), design review, and environmental assessment to cover major subsequent revisions in project design and/or land entitlement (with hearings). This standardized process is what the City has bypassed, for whatever reason. For example, there is a broad idea of how to assess and handle view shed impacts, but until the location and height of a specific building is decided upon, one cannot know the true impact, and there is a need for later assessment. A project is not allowed to morph into something quite different than originally reviewed, with the differences explained as a broad envelope of possibilities that retain flexibility over time to respond to unseen market forces. The City appears to have tied environmental review to an "envelope of possibilities," and that is not CEQA. Nor should the City approve a CUP or PDD as a project where it can later change the density, mass, and height of the buildings at will, between different Blocks without considering it a major revision; for that changes the Project Description, and also should be processed as a major revision to the PDD or CUP (public hearing). PROJECT FINANCE AGREEMENT: This is the fourth amendment to the PFA. I am concerned that rather than implementing this Specific Plan through land use entitlements (CUP and/or PDD) that engineer the project components through site plans with development standards, height, massing, density, function, and land use, with public components (open space) --the City has created "design in flux," that is very confusing. The greater part of these changes have been processed as conceptual design variations that are adapting to unseen market forces identified (but not discussed) by the City and the Developer. So, rather than public hearings we are getting "design conformity review," and changes to the financing 3 agreement. Unfortunately, neither of these tools were meant to vest land use entitlements on projects. A PFA and Design Review are absolutely supplemental to a land use entitlement process. They are the finishing touches, not the conduits for approval. PFA AMENDMENT NO. 4: 1 have several concerns with the Fourth Amendment to the PFA: (1) The City has committed to pay the Developer $42 million for a parking garage. I am not sure of the project parking evaluation over time, but it appears that the development creates the need for over 1,000 parking spaces, under the parking ordinance, and (I am not sure), there is a possibility that the City has waived the parking requirement, allowing the Developer to use the facility that was just sold to the City. This would destroy the value of the purchase. Nor do I believe parking requirements can be so waived. PFA#4 requires the developer to build 200 additional spaces. What I believe is needed is a proper environmental review of parking for the project as a whole, including an assessment of waiving parking within the public venue, and then allowing the Developer to use the public space in place and instead of meeting the ordinance requirement. (2) The CBRE Appraisal is based upon a specific plan density and land use allowance on Block E that conforms to a previous but outmoded approval of 65,000 — 70,000 sf of commercial retail with 165 upper level residential units. This results in a commercial valuation of$5.2 million, for a purchase price of $4.5 million. However, the planned density for Block E has been transferred over to the receiving lots of Blocks A and B, which has increased the commercial value of those lots. That would downgrade Block E to open space evaluation, and it loses the full commercial valuation. The Developer cannot expect that all three of the lots - two receiving lots and the parent lot on a density transfer will retain the original higher value. The transferring lot is going to have a decrease in value. That is not reflected in the appraisal. (3) The City is purchasing a lot within this Specific Plan through a PFA. Unless the City has entered a Joint Venture with the Developer, this exempts the lot from the Project Description of the Specific Plan. The boundaries of the adopted Specific Plan have changed significantly, and (as we can already see), the density has been transferred onto other lots remaining within the Plan. This would entail a Specific Plan Amendment, a Joint Venture Agreement, and possibly other supplemental permits. It certainly requires public review, because by implementing this change through a PFA, the public input is bypassed, and the City is committing itself to a purchase with no commitment to a specific project at all, other than the amorphous description of a PFA, which is not the mechanism to create and receive public input for a major public park. (4) The City's commitment is until 2044 or until the O'Donnell Golf Club ceases operations. The golf club could technically cease operations next week. What happens to the $4.5 million investment? (5) The PFA allows for waiver of the Noise Ordinance as it relates to the Developer, and probably by extension, to his prospective retail and office clients. Has there been an assessment of how this noise exemption will affect the sale and lease terms of the downtown project? Is it fair to exempt the downtown from noise restrictions, and impose those noise restrictions on other commercial areas within the City? Is it legal? Thank you for your kind attention to my concerns, as always. I know the City is extremely sensitive to this matter, and it saddens me to use my skills to question rather than celebrate this as a marvelous achievement to our Downtown development. However, I have dedicated my life to public rights and participation, and I strongly believe that you are dedicated to that as well. Please share these decisions with us, and trust in our involvement. Thank you for your hard work. With regard, Judy Deertrack Bette OCamb From: PSHA Administrator <adminpsha@gmail.com> Sent: Tuesday, September 16, 2014 12:40 PM To: Bette OCamb Subject: Letter from PSHA Attachments: Measure J Request-Event Center.9-15-1409162014.pdf �?rYoF pi" U47SPR!11 ;; Hi Bette - Attached is a letter from Martin Greenwood, PSHA President for the Mayor and City Council. This letter supports the use of Measure J Funds to purchase the Event Center from Wessman Development. I also believe someone will be reading the letter at tomorrow's Council meeting. Please let me know if I can answer any questions for you. Thanks, Tamara Stevens Administrative Consultant Palm Springs Hospitality Association P.O. Box 4507 Palm Springs, CA 92263 Phone: 1-760 835-4957 AdminPSHA(aA¢mail.com www.palmsprinashospitglily.org 1 P.O. Box 4507 - Palm Springs, CA 92263 760-835-4957 AdrninPSHA@%p2Acgm - wwW 4irrtspringshospitality.com September 15, 2014 Mayor Steve Pougnet Council Persons: Rick Hutcheson, Ginny Foat, Paul Lewin, Chris Mills 3200 E. Tahquitz Canyon Way Palm Springs, CA 92262 Dear Mayor and Council Members: The PSHA and PSRA Board of Directors requests the City of Palm Springs give strong consideration to purchasing the Event Center area from Wessman Development. With the stipulation that funds from the sale be used for much needed additional parking spaces for the downtown project, we feel this is a great opportunity for both the City, the project itself and our local businesses. We are excited to see the progress that is being made downtown and support the use of the City's Measure 1 funds to purchase the Event Center area. Thank you for your tho htful consideration of our request. Warp R gar¢s, 1 Martin Gree 4y�d� President Palm Springs Hospitality Association