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HomeMy WebLinkAbout23545 RESOLUTION NO. 23545 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, ACTING SOLELY IN ITS CAPACITY AS THE SUCCESSOR AGENCY TO THE COMMUNITY REDEVELOPMENT AGENCY, APPROVING THE TERMINATION OF A SUBLEASEHOLD INTEREST IN A 9.62 ACRE PORTION OF BUSINESS LEASE 315 (PSL 315) PURSUANT TO AN ORDER OF THE STATE CONTROLLER AND THE CALIFORNIA DEPARTMENT OF FINANCE. WHEREAS, the Community Redevelopment Agency of the City of Palm Springs (the "Agency") owns certain real properties in the City of Palm Springs (collectively, the "Properties"); and WHEREAS, the Community Redevelopment Agency of the City of Palm Springs ('Redevelopment Agency") was a redevelopment agency in the City of Palm Springs ("City"), duly created pursuant to the California Community Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the California Health and Safety Code) ('Redevelopment Law"); and WHEREAS, the Redevelopment Agency was responsible for the administration of redevelopment activities within the City; and WHEREAS, in 2007, the Community Redevelopment Agency of the City of Palm Springs, acquired a subleasehold interest in certain real property (the "Leasehold") within Merged Project Area No. 2, generally being 9.62 acres located at the intersection of Amado Road and Avenida Cabelleros. The City of Palm Springs, a California charter city ("City'), is the Master Lessee under Business Lease No. PSL 315 ("Original Lease"), which is on file with the Bureau of Indian Affairs ("BIA"), which lease affects certain Sublease Land as more particularly described in said lease ("Master Lease Property"). The Master Lease has been amended pursuant to: 1) Amendment No. 1 to PSL-315 approved by the BIA on October 13, 1995; 2) the First Amendment to Business Lease-315, dated April 7, 2004, and approved by the BIA on May 26, 2004; and 3) the Second Amendment to Business Lease No. PSL-315, dated February 9, 2006, and approved by the BIA on February 9, 2006. The Original Lease as amended by the three amendments is collectively referred to in this Agreement as the "Master Lease"; and WHEREAS, AB X1 26 and AB X1 27 were signed by the Governor of California on June 28, 2011, making certain changes to the Redevelopment Law, including adding Part 1.8 (commencing with Section 34161) and Part 1.85 (commencing with Section 34170) ('Part 1.85") to Division 24 of the California Health and Safety Code which effectively dissolves the Redevelopment Agency ("Dissolution Act'); and Resolution No. 23545 Page 2 WHEREAS, under the Dissolution Act, the term "successor agency" was defined to refer to the dissolved redevelopment agency's sponsoring community (the city, county or city and county that formed the Dissolved RDA), unless the sponsoring community adopted a resolution electing not to serve in that capacity; and WHEREAS, as part of the Dissolution Act, agencies were required to dispose of all real property assets in a timely manner, though the Act did create an exception to the disposition requirement for governmental use properties, defined in HSC section 34181(a); and WHEREAS, though the State has mostly narrowly construed governmental use properties to be only those specifically included in Section 34181(a), and rejected a number of former Redevelopment Agency properties to be considered governmental use, the California Department of Finance ("Finance") determined that the Convention Center is part of the Leasehold Agreement that the City has with the Bureau of Indian Affairs (Bureau), and did not object to the PSL 315 sublease returning to the City since the City is the primary lessee; and WHEREAS, Finance further directed that any subleases that the former Redevelopment Agency was a party to should be amended to remove the former Redevelopment Agency, since agreements between the City and its former Redevelopment Agency are no longer enforceable pursuant to HSC section 34171 (d) (2), thereby merging the leasehold interest and sublease interest. NOW THEREFORE BE IT RESOLVED THAT the City Council of the City of Palm Springs, acting solely in its capacity as the Successor Agency to the Community Redevelopment Agency of the City of Palm Springs hereby authorizes the termination of the PSL 315 Sublease as follows: SECTION 1. The City Council hereby finds and determines that the foregoing recitals are true and correct, and incorporates them herein by reference. SECTION 2. The City Council approves the termination of a sublease over a 9.62 acre section of PSL 315, acquired by the former Redevelopment Agency in 2007 pursuant to Section 33445 of California Redevelopment Law, from PS Venture Caballeros/Amado, LLC, the previous sublessee. SECTION 3. The sublease interest and leasehold interest in the 9.62 acre parcel is hereby merged. SECTION 4. This Resolution shall take effect three days after its adoption. Resolution No. 23545 Page 3 ADOPTED THIS 7T" DAY OF MAY, 2014. DAVID H. READY, CITYi GER ATTEST: MES THOMPSON, CITY CLERK v CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that Resolution No. 23545 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 the 7th day of May, 2014, by the following vote: AYES: Councilmember Lewin, Councilmember Mills, Mayor Pro Tern Hutcheson, and Mayor Pougnet. NOES: None. ABSENT: Councilmember Foat. ABSTAIN: None. AAMES THOMPSON, CITY CLERK City of Palm Springs, California