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HomeMy WebLinkAbout23413 RESOLUTION NO. 23413 A RESOLUTION OF CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, AUTHORIZING THE CREATION OF SPECIAL ECONOMIC DEVELOPMENT FOCUS INCENTIVE PROGRAM AREAS AND THE ALLOCATION OF FUNDS FOR SUCH A PROGRAM FOR FISCAL YEAR 2013-14. WHEREAS, the City Council of the City of Palm Springs ("Council") and the Agency Board of the Palm Springs Community Redevelopment Agency ("Agency") approved and adopted the Amended and Restated Redevelopment Plans for the Merged Project Areas No. 1 and No. 2 ('Redevelopment Plan") covering properties within the Agency (the "Project Areas"); and WHEREAS, since the dates of adoption of the Redevelopment Plan, the Agency undertook redevelopment projects in the Project Area to eliminate blight, to improve public facilities and infrastructure, to renovate and construct affordable housing, and to enter into partnerships with private industries to create jobs and expand the local economy; and WHEREAS, as part of the 2011-12 State budget bill, the California Legislature enacted and the Governor signed AB X1 26, requiring that each redevelopment agency be dissolved unless the community that created it enacts a resolution committing it to making certain payments; and WHEREAS, on December 29, 2011, the California Supreme Court upheld AB X1 26, which dissolves all of the redevelopment agencies in the State of California, and struck down AB1X 27, rendering redevelopment funding unavailable for eliminating blight or assisting projects; and WHEREAS, the City Council has determined the general welfare and material well being of the residents of the city of Palm Springs depend in large measure upon the growth and expansion of the commercial corridors in the city; and WHEREAS, the City Council has determined that the operation, maintenance, and expansion of the inventory of quality commercial development, including hotels and first class hotels, restaurants, clubs, markets, and other retail activity in the city of Palm Springs will create desirable visitor serving facilities that will contribute to the growth and expansion of tourism and travel opportunities in the city, provide employment opportunities for the residents of the city, and promote and enhance the economy of the city; and WHEREAS, it is in the best interest of the city of Palm Springs to induce and encourage the operation, and maintenance of hotel and other commercial facilities that Resolution No. 23413 Page 2 would not otherwise exist, thereby creating new sources of tax revenues for the city's general fund which supports the public services that the city provides its residents; and WHEREAS, the authority granted and the purposes to be accomplished by this Resolution are properly local governmental and public purposes for which public funds can be expended and that the operation, maintenance, and expansion of the inventory of quality and first class hotels and catalytic projects is of paramount importance to the city of Palm Springs, its residents, and businesses; and WHEREAS, the City Council has determined that certain portions of former Merged Area No. 1, generally described as the South Palm Canyon Project Area, a portion of Project area 9-D, the northern half of the North Palm Canyon Project Area, and Project Area 9-A, plus certain adjacent areas along Palm Canyon Drive, have historically lagged the progress made in the city's core; and WHEREAS, the City Council has determined that the focus area has a higher rate of stalled development projects, undeveloped vacant lots, significant and large vacancies, and generally a need for fagade improvement and interior remodeling; and WHEREAS, the City Council has determined that with the general economic health of the city, combined with renewed interest in these study areas, means that any incentive program the City would develop would have a reasonable chance of having a catalytic effect on nearby development, as well as the assisted project, and have a good chance of"paying for itself' over time; and NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Palm Springs, does resolve as follows: SECTION 1. The Recitals set forth above are true and correct and incorporated herein by reference. SECTION 2. The Special Economic Development Focus Incentive Program Areas ("Program Areas"), as described in Exhibit "A" to this resolution, are hereby approved and established. SECTION 3. The amount of $1,000,000 is hereby allocated in Fiscal Year 2013- 14 for the implementation of the Program Areas. The City Manager is hereby authorized to execute an appropriate budget transfer. SECTION 4. The City Manager or designee is authorized to take all actions necessary to implement this Resolution, including without limitation, the development of program guidelines, evaluation criteria, performance metrics, application forms, covenants and agreements; and any action approved by this Resolution. Resolution No. 23413 Page 3 PASSED, APPROVED, AND ADOPTED BY THE PALM SPRINGS CITY COUNCIL THIS 3RD DAY OF JULY, 2013. ATTEST: DAVID H. READY, nager MES THOMPSON, City Clerk CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, James Thompson, City Clerk of the City of Palm Springs, California, hereby certify that Resolution No. 23413 was adopted by the Palm Springs City Council at a regular meeting held on the 3nd of July, 2013, and that the same was adopted by the following vote: AYES: Councilmember Foat, Councilmember Lewin, Mayor Pro Tem Mills, and Mayor Pougnet. NOES: None. ABSENT: Councilmember Hutcheson. ABSTAIN: None. MES THOMPSON, City Clerk Resolution No. 23413 Page 4 Exhibit "A" The general descriptions of the areas are: South Palm Canyon Area Both sides of South Palm Canyon Drive and South Indian Canyon Drive, and East Palm Canyon Drive, from Ramon Road to Sunrise Way. The area on the west side of South Palm Canyon Drive shall extend to the east side of Belardo Road. The south side of East Palm Canyon Drive shall extend through to the north side of Twin Palms; otherwise, East Palm Canyon Drive shall be a single lot depth of the north and south sides. The area also includes the commercial and industrial district of East Sunny Dunes and Industrial Place. North Palm Canyon Area Both sides of North Palm Canyon Drive between Via Lola/Tachevah to Tramway Road, including the 12 acre commercial area immediately adjacent to the Visitor Center. The area on the west side of North Palm Canyon Drive shall be a single lot depth. The area on the east side of North Palm Canyon Drive shall extend to the west side of Indian Canyon Drive from Tachevah Road to San Rafael Road. The area on the east side of North Indian Canyon Drive shall be a single lot depth. Map 2 Southern Focus • � 4 'r i V.uoPoufa S Oelm S^mqs uie IM.na�Ne. pd Efi45efra IniflnrvPwal w Mfn.a(tl N EMt,as Prl '^ fMwua P! 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