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HomeMy WebLinkAbout1/1/2006 - CRA RESOLUTIONS RESOLUTION NO. 1296 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR FISCAL YEAR 2005-06. WHEREAS, Resolution 1283 approving the budget for the fiscal year 2005-06 was adopted on June 8, 2005; and WHEREAS, the Executive Director has recommended, and the Agency desires to approve, certain amendments to said budget; NOW THEREFORE BE IT RESOLVED that the Director of Finance is authorized to record inter- fund cash transfers as required in accordance with this Resolution, and that Resolution 1283, adopting the budget for the 2005-06 fiscal year is hereby amended as follows: SECTION 1. ADDITIONS Fund Activity Account Amount No. 001 12416 General Fund Redevelopment $1,389,000 Agency Loans Receivable Purpose: New loan (at 6%, effective 1/18/06) to Merged Area #1 to cover on-going administration costs. SECTION 2. SOURCE Merged Area #1 is concurrently paying back $1,389,000 in loans from the General Fund. Fund Activity Account Amount No. 811 29301 Merged Area #1 Fund Balance $1,389,000 Capital & Admin ADOPTED this 181h day of January, 2006. COMMUNITY REDEVELOPMENT AGENCY CITY OF PALM SPRINGS, CALIFORNIA Chair Resolution No. 1296 Page 2 ATTEST: sistant Secretary CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1296 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on January 18, 2006, by the following vote: AYES: Agency Member McCulloch,Agency Member Mills, Agency Member Pougnet,Vice Chair Foat and Chair Oden NOES: None ABSENT: None ABSTAIN: None ?esThompson, Assistant Secretary alm Springs, California 1 RESOLUTION NO. 1297 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR FISCAL YEAR 2005-06. WHEREAS Resolution 1283 approving the budget for the fiscal year 2005-06 was adopted on June 8, 2005; and WHEREAS, the Executive Director has recommended, and the Agency desires to approve, certain amendments to said budget; NOW THEREFORE BE IT RESOLVED that the Director of Finance is authorized to record inter- fund cash transfers as required in accordance with this Resolution, and that Resolution 1283, adopting the budget for the 2005-06 fiscal year is hereby amended as follows: SECTION 1. ADDITIONS Fund Activity Account Amount No. 001 12416 General Fund Redevelopment $400,000 ' Agency Loans Receivable Purpose: New loan (at 6%, effective 1/18/06) to Merged Area #2 to cover on-going administration costs. SECTION 2. SOURCE Merged Area#2 is concurrently paying back$400,000 in loans from the General Fund. Fund Activity Account Amount No. 812 29301 Merged Area #2 Fund Balance $400,000 Capital & Admin ADOPTED this 181h day of January, 2006. COMMUNITY REDEVELOPMENT AGENCY CITY OF PALM SPR)NGS, CALIFORNIA Chair Resolution No. 1297 Page 2 ATTEST: / gsistant Secretary f/✓/./s' CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1297 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on January 18, 2006, by the following vote: AYES: Agency Member McCulloch,Agency Member Mills,Agency Member Pougnet,Vice Chair Foat and Chair Oden NOES: None ABSENT: None ABSTAIN: None mes Thompson, Assistant Secretary City of Palm Springs, California RESOLUTION NO. 1298 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS EXTENDING AN EASEMENT FOR WATER PIPELINES AND INCIDENTAL PURPOSES TO THE DESERT WATER AGENCY ON A 4.96 GROSS ACRE COMMUNITY REDEVELOPMENT AGENCY-OWNED PARCEL AT THE NORTHWEST CORNER OF SUNRISE WAY AND TAHQUITZ CANYON WAY, REFERRED TO AS APN 508070042, FOR A PERIOD OF 5 YEARS. WHEREAS, the Community Redevelopment Agency of the City of Palm Springs, California ("Agency") is constituted under the Community Redevelopment Law (California Health and Safety Code Section 33000 et. seq.) to carry out the purpose as the redevelopment in the City of Palm Springs ("the City"); and WHEREAS, Section 33430 of the Community Redevelopment Law allows that an agency may, "for purposes of redevelopment, sell, lease, for a period not to exceed 99 years, exchange, subdivide, transfer, assign, pledge, encumber by mortgage, deed of trust, or otherwise, or otherwise dispose of any real or personal property or any interest in property;" andl THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The Easement for Water Pipelines and Incidental Purposes to the Desert Water Agency on a 4.96 acre Agency-owned parcel at the northwest corner of Tahquitz Canyon Way and Sunrise Way, referred to as APN 508070042 and included herein by this reference, for a period of 5 years, is hereby approved. SECTION 2. The Executive Director of the Agency, and/or his designee, is authorized to execute all necessary documents, in a form approved by the Agency Counsel. ADOPTED this 151h day of March, 2006. COMMUNITY REDEVELOPMENT AGENCY CITY OF PALM SPRINGS, CALIFORNIA Chair ATTEST: /Z s>istant Secretary Resolution No. 1298 Page 2 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1298 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on March 15, 2006, by the following vote: AYES: Agency Member McCulloch, Agency Member Mills, Agency Member Pougnet, Vice Chair Foat and Chair Oden NOES: None ABSENT: None ABSTAIN: None p Thompson;j1es y of Palm Springs, California RESOLUTION NO. 1299 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS APPROVING AGREEMENT NO. A0506C WITH RICK ENGINEERING COMPANY IN THE AMOUNT OF $198,130.00 FOR ENVIRONMENTAL AND CIVIL ENGINEERING DESIGN SERVICES RELATED TO THE SOUTH PALM CANYON DRIVE WIDENING, MURRAY CANYON DRIVE TO BOGERT TRAIL, CITY PROJECT 05-03 WHEREAS, the Community Redevelopment Agency of the City of Palm Springs, California, ("Agency'), is constituted under the Community Redevelopment Law (California Health and Safety Code Section 33000 (et. seq.) to carry out the purpose of redevelopment in the City of Palm Springs, ("City"); and WHEREAS, pursuant to Section 33447 of the Community Redevelopment Law, the Agency may finance the construction of public improvements that will enhance the environment of residential neighborhoods containing housing for persons and families of low or moderate income, including very low income households; and that will be of benefit to the project area; and WHEREAS, pursuant to Section 33447 of the Community Redevelopment Law, public improvements eligible for financing including street improvements; and WHEREAS, on April 21, 2004, the City of Palm Springs Financing Authority, the Agency, and City Council of the City, approved certain actions associated with Merged Project No. 1 and Merged Project No. 2 Tax Allocation Bonds, establishing tax increment revenue specifically allocated to the construction of the South Palm Canyon Drive Widening. THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS: Section 1. Agreement No. A0506C with Rick Engineering Company in the amount of $198,130.00 for environmental and civil engineering design services related to the South Palm Canyon Drive Widening, Murray Canyon Drive to Bogert Trail, City Project 05-03, is hereby approved. Section 2. The Executive Director of the Agency, and/or his designee, is authorized to execute all necessary documents, in a form approved by the Agency Counsel. Resolution No. 1299 Page 2 ADOPTED this 51h day of April, 2006. Ron Oden, Chairman ATTEST: a, es Thompson, Assistant Secretary / CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1299 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on April 5, 2006, by the following vote: AYES: Agency Member McCulloch, Vice-Chair Foat, Chair Oden. NOES: None. ABSENT: Agency Member Mills and Agency Member Pougnet. ABSTAIN: None. es Thompson, Assistant Secretary ommunity Redevelopment Agency of the City of Palm Springs, California RESOLUTION NO, 1300 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING AMENDMENT NO. 1, A RESTATED AND AMENDED DISPOSITION AND DEVELOPMENT AGREEMENT, PROMISSORY NOTE, AND DEED OF TRUST WITH ASSIGNMENT OF RENTS WITH VISTA SUNRISE APARTMENTS, LP TO APPROVE ADDITIONAL FUNDING IN THE AMOUNT OF $200,000. WHEREAS, the Community Redevelopment Agency of the City of Palm Springs (the "Agency") has established an affordable housing setaside fund in accordance with Section 33000 et. seq. of the California Health and Safety Code; and WHEREAS, the Agency and the Developer have entered into that certain Restated and Amended Disposition and Development Agreement ("RADDA") dated February 15, 2005, which provides for the construction of 85 affordable housing units pursuant to the terms of the RADDA; and WHEREAS, the project has commenced with construction based on the financing committed by the State of California, the County of Riverside, the Agency, and the Tax Credit investor, among others; and WHEREAS, the project has experienced has experienced additional cost increases from utility connection charges, additional landscaping, more substantial ADA improvements required by the state, and other costs and has requested additional funding from the Agency, the: County, and the Tax Credit investor. NOW THEREFORE BE IT RESOLVED by the Community Redevelopment Agency of the City of Palm Springs, as follows: SECTION 1. The above recitals are true and correct and incorporated herein. SECTION 2. This Amendment No. 1 to the Restated and Amended Disposition and Development Agreement ("RADDA") with Vista Sunrise Apartments, LP, is hereby approved and incorporated herein by this reference. SECTION 3. The Executive Director, or his designee, is hereby authorized to execute on behalf of the Agency the Amendment No. 1 to the RADDA and other documents necessary to the Agreement, in a form approved by Agency Counsel. ADOPTED this 71h day of June, 2006. Resolution No. 1300 Page 2 COMMUNITY REDEVELOPMENT AGENCY CITY OF PALM SPRINGS, CALIFORNIA Chair ATTEST: "A °sistant Secretary CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1300 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on June 7, 2006, by the following vote: AYES: Agency Member McCulloch, Agency Member Mills, Agency Member Pougnet, Vice Chair Foat and Chair Oden NOES: None ABSENT: None ABSTAIN: None J mes Thompson, Assistant Secretary Community Redevelopment Agency City of Palm Springs, California RESOLUTION NO. 1301 ' A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING A BUDGET FOR THE FISCAL YEAR 2006-07. WHEREAS, a budget for the fiscal year 2006-07 has been prepared by the Community Redevelopment Agency, Director of Community & Economic Development, and the Agency Treasurer; and WHEREAS, the Community Redevelopment Agency has examined said budgets and conferred with the Community Redevelopment Agency Executive Director; and WHEREAS, the Community Redevelopment Agency, after due deliberation and consideration, agrees with the budget recommended; and WHEREAS, pursuant to Health & Safety Code Section 33334.3 (d), the Agency hereby finds and determines that the planning and administrative expenses to be paid from the Low and Moderate Income Housing Fund for each redevelopment project are necessary for the production, improvement or preservation of low and moderate income housing and are not disproportionate to the amounts budgeted for the costs of production, improvement or preservation of that housing; and ' WHEREAS, the Agency's planning and administrative expenses paid from the Low and Moderate Income Housing Fund for the production, improvement or preservation of low and moderate income housing pay for a portion of staff and legal costs necessary to facilitate new construction projects and administer individual rehabilitation and purchase programs, land and property acquisition and disposition, multi-government agreements, and bond issues related to low and moderate income housing. NOW THEREFORE BE IT RESOLVED by the Community Redevelopment Agency of the City of Palm Springs as follows: Section 1. That the budget in the amount of'$15,503,100 be approved for the following purposes: Capital & Admin. Debt Service Merged Area No. 1 $1,662,394 $ 6,578,201 Merged Area No. 2 728,921 4,016,931 Low & Mod. Income Housing 1,965,243 465,510 Plaza Theatre 85,900 0 $4,442,458 $11,060,642 ' Section 2. That the Finance Director of the City of Palm Springs is authorized to record the budget and such other accounting entries as may be necessary for proper accounting treatment in accordance with rules and regulations applicable to other City of Palm Springs funds. Resolution No. 1301 Page 2 Section 3. That the Work Program for Low and Moderate Income Program in Fiscal Year ' 2006-07 is as follows, including total Agency assistance committed: Tahquitz Court Apartments $ 800,000 Vista Sunrise Special Needs Apartments $ 200,000 Sahara Mobile Home Park Improvements $ 200,000 Desert Highland Infill Program $ 150,000 El Dorado Mobile Home Park $ 130,000 Coyote Run II $ 20,000 Section 4. That the accomplishments of the Low and Moderate Income Program in Fiscal Year 2005-06 are as follows: • Vista Sunrise Special Needs Apartments. The project has received its financing from the State MHP program, County HOME funds, and the Agency and the Low Income Housing Tax Credit (4%) Program and commenced construction in October, 2005. The project will be completed in the 2006-07 fiscal year. • El Dorado Mobile Home Park. The Agency assisted Moderate Income purchasers in the park acquire their lots, and provided assistance to low- income renters for the income certification fee. In addition, the park received $1 million in state MPROP funds to assist low-income purchasers ' in 2004, another $1,485,000 in April, 2005 and $900,000 in May, 2006. The goal is to assist as many residents as possible with the transition to resident ownership. • Desert Highland Infill Program. Century Crowell Communities has constructed the first five homes in the program, and another DDA was approved with Highlands Palm Springs Venture to construct four more homes. • Coyote Run Apartments Expansion. The project received its financing from the State MHP program, HOME funds, and the Agency. Construction began on December 15, 2004 and the project is nearly completed. • Tahquitz Court Apartments. The Agency made a preliminary commitment of the rehabilitation of this 108-unit apartment complex with a multi-year commitment of $2.8 million. The project is applying for bond funds and 4% Low Income Housing Tax Credits. The project is expected to receive its funding in the 2006-07 year. ADOPTED this 71h day of June, 2006. Resolution No. 1301 Page 3 ' COMMUNITY REDEVELOPMENT AGENCY CITY OF PALM SPRINGS, CALIFORNIA hair ATTEST: / sistant Secretary CERTIFVCATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palrn Springs, hereby certify that Resolution No. 1301 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on June 7, 2006, by the following vote: AYES: Agency Member McCulloch, Agency Member Mills, Agency Member Pougnet, Vice Chair Foat and Chair Oden NOES: None ABSENT: None ABSTAIN: None J mes Thompson, Assistant Secretary ommunity Redevelopment Agency City of Palm Springs, California 1 RESOLUTION NO. 1302 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING AMENDMENT NO. 2 TO DISPOSITION AND DEVELOPMENT AGREEMENT NO. A0490C BETWEEN CENTURY CROWELL COMMUNITIES, LP D/B/A MOUNTAIN GATE II PALM SPRINGS VENTURE, LLC AND THE COMMUNITY REDEVELOPMENT AGENCY, ADJUSTING THE TERMS OF THE AGENCY BUYER ASSISTANCE NOTE TO ALLOW IT TO AMORTIZE OVER A PERIOD OF FIVE YEARS, FOR 5 SINGLE FAMILY INFILL HOMES FOR MODERATE INCOME HOUSEHOLDS IN THE DESERT HIGHLAND GATEWAY AREA OF MERGED PROJECT AREA NO. 1. NOW THEREFORE 13E IT RESOLVED by the Community Redevelopment Agency of the City of Palm Springs that Amendment No. 2 to a Disposition and Development Agreement with Century Crowell Communities, LP d/b/a Mountain Gate 11 Palm Springs Venture, LLC adjusting the allowed moderate income sales price based on the March, 2005, HUD income guidelines for five single family infill homes for moderate income households in the Desert Highland area of Merged Area No. 1 is hereby approved and the Executive Director or his designee is hereby authorized to execute all documents related to the Agreement. ADOPTED this 215'day of June, 2006. COMMUNITY REDEVELOPMENT AGENCY CITY OF PALLMn SPRINGS, CALIFORNIA Chai ATTEST: %'-sistant Secretary CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1302 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on June 21, 2006� by the following vote: Resolution No. 1302 Page 2 AYES: Agency Member McCulloch, Agency Member Mills, Agency Member Pougnet, ' and Vice Chair Foat NOES: None ABSENT: Chair Oden ABSTAIN: None /^ es Thompson, Assistant Secretary � ommunity Redevelopment Agency City of Palm Springs, California RESOLUTION NO. 1303 ' A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, APPROVING CONTINUING APPROPRIATIONS FROM FISCAL YEAR 2005- 06 TO FISCAL YEAR 2006-07. WHEREAS, the City Council of the City of Palm Springs has adopted a budget for the 2006- 07 fiscal year; and WHEREAS, certain projects budgeted in the 2005-06 fiscal year budget have been started butt not completed; and WHEREAS, the unencumbered balances of those certain appropriations are necessary for completion of the projects; NOW THEREFORE BE IT RESOLVED that the City Council of the City of Palm Springs hereby authorized carrying forward to the nearest dollar, as continuing appropriations into the 2006-07 fiscal year, the amount indicated or the final audited unencumbered balances, whichever is the lesser amount, as of June 30, 2006, of the following accounts: ACCOUNT NO: ACCOUNT TITLE AMOUNT ' 811-8191-50000 Unscheduled Capital Projects 302,713.48 811-8191-65142 Stevens / NPC DDA 198.00 811-8191-65163 St Light Powder Coating 99,924.61 811-8191-65169 Desert Hotel Property 4,814.11 Palm Cyn Offsite 811-8191-65172 Improve 50,000.00 811-8191-65176 Via Lola Sidewalk 15,507.71 473,157.91 812-8192-50000 Unscheduled Capital Projects 2,610,020.86 812-8192-65154 Canyon Drainage Fee Study 10,515.00 S Palm Canyon 812-8192-65171 Widening 798,130.50 3,418,666.36 882-8382-50000 Unscheduled Capital Projects 87,259.36 882-8382-65122 SFR Rehab Program 63,290.31 882-8382-65145 Desert Highland Infill 26,071.71 882-8382-65146 Vista Sunrise 115,706.12 882-8382-65147 El Dorado MDH 381,194.55 882-8382-65151 Sunset Hacienda 15,011.31 688,533.36 GRAND TOTAL $ 4,580,357.63 4,580,357.63 All appropriations approved subsequent to passage of this resolution for the 2005-06 fiscal year, and not expended, are authorized to be continued into the 2006-07 fiscal year. ADOPTED this 5" day of July, 2006. COMMUNITY REDEVELOPMENT AGENCY CITY OF PALM SPRINGS, CALIFORNIA Chair T ATTEST: Assistant Secretary CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1303 is a full, true and correct copy, ' and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on July 5, 2006� by the following vote: AYES: Agency Member McCulloch, Agency Member Mills and Agency Member Pougnet NOES: None ABSENT: Vice Chair Foat and Chair Oden ABSTAIN: None mes Thompson, Assist nt Secretary Community Redevelopment Agency,= City of Palm Springs, California RESOLUTION NO. 1304 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING "DESIGN FOR DEVELOPMENT" MASTER PLAN BOUNDARIES AND THE CITY'S DOWNTOWN URBAN DESIGN GUIDELINES AND SECTION 14 MASTER PLAN AS FOUNDATION "DESIGN FOR DEVELOPMENT" CRITERIA. NOW THEREFORE BE IT RESOLVED by the Community Redevelopment Agency of the City of Palm Springs that the "Design for Development" Master Plan boundaries and the use of the City's Downtown Urban Design Guidelines and Section 14 master Plan as foundation "Design for Development" criteria, are hereby approved. ADOPTED this 51h day of July, 2006. COMMUNITY REDEVELOPMENT AGENCY CITY OF PALM SPRINGS, CALIFORNIA Chair ' ATTEST: Distant Secretary . '' CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1304 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on July 5, 2006, by the following vote: AYES: Agency Member McCulloch, Agency Member Mills and Agency Member Pougnet NOES: None Resolution No. 1304 Page 2 ABSENT: Vice Chair Foat and Chair Oden ABSTAIN: None es Thompson, Assistan Secretary ommunity Redevelopment Agency City of Palm Springs, California eRESOLUTION NO. 1305 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING AMENDMENT NO. 3 TO A TO AN OWNER PARTICIPATION AGREEMENT WITH PACIFIC HOSPITALITY GROUP ESTABLISHING THE TERMINATION DATE OF DECEMBER 31, 2006. A0255C. The Community Redevelopment Agency of the City of Palm Springs hereby resolves: SECTION 1. This Amendment No. 3 to the Owner Participation Agreement with the Pacific Hospitality Group, is hereby approved. SECTION 2. The Executive Director, or his designee, is hereby authorized to execute on behalf of the Agency the Amendment, in a form approved by Agency Counsel. ADOPTED this 61" day of September, 2006_ David H. Ready, manager ATTEST: �(mes Thompson, Assistant Secretary Resolution No. 1305 Page 2 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1305 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 6th day of September, 2006, by the following vote: AYES: Agency Member McCulloch, Agency Member Mills, Agency Member Pougnet, Agency Member Foat, and Agency Member Oden. NOES: None. ABSENT: None. ABSTAIN: None. mes Thompson, Assi tant Secretary '; ommunity Redevelopment Agency City of Palm Springs, California 1 RESOLUTION NO. 1306 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE BUDGET IN THE AMOUNT OF $180,000. WHEREAS Resolution 1301 approving the budget for the fiscal year 2006-07 was adopted on June 7, 2006; and WHEREAS, the Executive Director has recommended, and the Agency Members desires to approve, certain amendments to said budget; NOW THEREFORE BE IT RESOLVED that the Director of Finance is authorized to record inter-fund cash transfers as required in accordance with this Resolution, and that Resolution 1301, adopting the budget for the 2006-07 fiscal year is hereby amended as follows: SECTION 1. PURPOSE: To meet obligations under extension of OPA with Pacific Hospitality Group. SECTION 2. ADDITIONS. Fund Activity Account Amount 851 8203 65014 $180,000 SECTION 3. SOURCE. Fund Activity Account Amount 851 Fund Balance $180,000 ADOPTED this 6th day of September, 2006. David H. Ready, Ex i�'6irector ATTEST: es Thompson, Assistant Secretary Resolution No. 1306 Page 2 ,STATE OF CALIFORNIA ) CERTIFICATION COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1306 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 6th day of September, 2006, by the following vote: AYES: Agency Member McCulloch, Agency Member Mills, Agency Member Pougnet, Agency Member Foat, and Agency Member Oden. NOES: None. ABSENT: None. ABSTAIN: None. A jJ mes Thompson, Assistanf Secretary ommunity Redevelopment Agency City of Palm Springs, California ' 1 RESOLUTION NO. 1307 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING AMENDMENT NO. 1 TO AN EXCLUSIVE AGREEMENT TO NEGOTIATE WITH NEXUS DEVELOPMENT CORPORATION FOR A 5.7 ACRE AGENCY OWNED PARCEL AT THE SOUTHEAST CORNER OF CALLS EL SEGUNDO AND ANDREAS ROAD, MERGED REDEVELOPMENT PROJECT AREA #2, FOR THE DEVELOPMENT OF A HARD ROCK HOTEL, EXTENDING THE TERM TO DECEMBER 31, 2007. A0500C. The Community Redevelopment Agency of the City of Palm Springs, hereby resolves: SECTION 1. This Amendment No. 1 to the Exclusive Agreement to Negotiate with Nexus Development Corporation-Central Division, a California Corporation, is hereby approved. SECTION 2. The Executive Director, or his designee, is hereby authorized to execute on behalf of the Agency the Amendment, in a form approved by Agency Counsel. ADOPTED this 6th day of September, 2006. David H. Ready, Exe Director ATTEST: es Thompson, Assistant Secretary Resolution No. 1307 Page 2 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1307 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 6t" day of September, 2006, by the following vote: AYES: Agency Member McCulloch, Agency Member Mills, Agency Member Pougnet, Agency Member Foat, and Agency Member Oden. NOES: None. ABSENT: None. ABSTAIN: None_ r- I mes Thompson, Assistant Secretary ommunity Redevelopment Agency City of Palm Springs, California RESOLUTION NO. 1308 A RESOLUTION OF THE CITY OF PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY APPROVING AMENDMENT NO. 1, TO, A DISPOSITION AND DEVELOPMENT AGREEMENT ("DDA°) BETWEEN THE HIGHLANDS PALM SPRINGS VENTURE, A NEVADA LIMITED LIABILITY COMPANY AND THE COMMUNITY REDEVELOPMENT AGENCY, ADJUSTING THE ALLOWED MODERATE INCOME SALES PRICE BASED ON THE MARCH, 2006 HUD INCOME GUIDELINES AND ADJUSTING THE TERMS OF THE AGENCY BUYER ASSISTANCE NOTE TO ALLOW IT TO AMORTIZE OVER A PERIOD OF FIVE YEARS, FOR FOUR (4) SINGLE FAMILY INFILL HOMES FOR MODERATE INCOME HOUSEHOLDS IN THE DESERT HIGHLAND GATEWAY AREA OF MERGED PROJECT AREA #1. A0494C. NOW THEREFORE BE IT RESOLVED by the Community Redevelopment Agency of the City of Palm Springs that Amendment No. 1 to a Disposition and Development Agreement with Highlands Palm Springs Venture, LLC adjusting the allowed moderate income sales price based on the March, 2006 HUD income guidelines for four (4) single family infill homes for moderate income households in the Desert Highland area of Merged Area #1 and adjusting the terms of the Agency Buyer Assistance Note to allow the note to amortize over a period of five years, based on buyer occupancy in the home, for four (4) single family infill homes for moderate income households in the Desert Highland Gateway area of the city, north of Las Vegas Road is hereby approved and the City Manager or his designee is hereby authorized to execute all documents related to the Agreement. ADOPTED this loth day of September, 2006. David H. Ready, Execut ve Director ATTEST: A mes Thompson, Assistant Secretary CERTIFICATION STATE OF CALIFORNIA ) I COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1308 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 20th day of September, 2006, by the following vote: AYES: Agency Member McCulloch, Agency Member Mills, Agency Member Pougnet, Agency Member Foat, and Agency Member Oden. NOTES: None. ABSENT: None. ABSTAIN: None. Y:e-s Thompson, AssistantSecretary unity Redevelopment Agency City of Palm Springs, California ' 1 RESOLUTION NO. 1309 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING AN EXCLUSIVE AGREEMENT TO NEGOTIATE WITH RICHARD GROMAN AND STANTON GROMAN OF BEVERLY HILLS, CALIFORNIA FORA PERIOD OF (9) NINE MONTHS FOR TWO PARCELS TOTALING APPROXIMATELY 1.75 ACRES AT THE SOUTHWEST CORNER OF NORTH PALM CANYON DRIVE AND STEVENS ROAD FOR THE PURPOSE OF DEVELOPING A MIXED USE PROJECT, MERGED AREA#1. A0506C. WHEREAS,the Community Redevelopment Agency of the City of Palm Springs, California ("Agency") is constituted under the Community Redevelopment Law(California Health and Safety Code Section 33000 et. seq.)to carry out the purpose as the redevelopment in the City of Palm Springs ("the City"); and WHEREAS the Agency is responsible for eliminating blight within the North Palm Canyon Constituent Area of Merged Redevelopment Project Area #1; and WHEREAS the Agency is the owner of a property of approximately 32,000 square feet and the City of Palm Springs is the owner of an adjacent property of approximately 43,000 square feet; and WHEREAS the Agency issued a Request for Proposals for the development of the two parcels in May, 2006 and received three proposals by the June 16, 2006 deadline; and WHEREAS, Richard and Stanton Groman are the owners of two parcels adjacent to the Agency's parcel totaling approximately 48,000 square feet, and have proposed a design that assembles all of the land into a single project; and WHEREAS, Section 33430 of the Community Redevelopment Law allows that an agency may, "for purposes of redevelopment, sell, lease, for a period not to exceed 99 years, exchange, subdivide, transfer, assign, pledge, encumber by mortgage, deed of trust, or otherwise, or otherwise dispose of any real or personal property or any interest in property;" and Resolution No. 1309 Page 2 NOW THEREFORE BE IT RESOLVED by the Community Redevelopment Agency of the City of Palm Springs, as follows: SECTIONI. This Amendment No. Ito the Exclusive Agreement to Negotiate with Richard and Stanton Groman is hereby approved. SECTION 2. The Executive Director, or his designee, is hereby authorized to execute on behalf of the Agency the Amendment, in a form approved by Agency Counsel. ADOPTED this 20th day of September, 2006. David H. Ready,ZOe� ive Director ATTEST: mes Thompson, Assistant Secretary , CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON,Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1309 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 20th day of September, 2006, by the following vote: AYES: Agency Member McCulloch, Agency Member Mills, Agency Member Foat, and Agency Member Oden. NOES: None. ABSENT: Agency Member Pougnet. ABSTAIN: None. V mes Thompson, Assistant Secretary , Community Redevelopment Agency City of Palm Springs, California RESOLUTION NO. 1310 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR FISCAL YEAR 2006-07. WHEREAS Resolution 1301 approving the budget for the fiscal year2006-07 was adopted on June 7, 2006; and WHEREAS the Executive Director has recommended, and the Agency desires to approve, certain amendments to said budget. NOW THEREFORE BE IT RESOLVED that the Director of Finance is authorized to record inter-fund cash transfers as required in accordance with this Resolution, and that Resolution 1301, adopting the budget for the 2006-07 fiscal year is hereby amended as follows: SECTION 1. ADDITIONS Fund Activity Account Amount 851 8201 49625 $205,000. Purpose: Payment of City Note for property at 538 No. Palm Canyon Drive SECTION 2. SOURCE Fund Activity Account Amount 851 29301 T$205,000. ,ADOPTED this 4`h day of October, 2006. David H. Ready, Exe e Director ATTEST: �yf es Thompson, Assistant 5ecre#ary Resolution No. 1310 Page 2 CERTIFICATION ' STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1310 is a full, true and correct Copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 4th day of October, 2006, by the following vote: AYES: Agency Member McCulloch, Agency Member Mills, Agency Member Pougnet Agency Member Foat, and Agency Member Oden. NOES: None. ABSENT: None. ABSTAIN: None. dies Thompson, Assistant Secretary ommunity Redevelopment Agency City of Palm Springs, California RESOLUTION NO. 1311 A RESOLUTION OF THE OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING AN EXCLUSIVE AGREEMENT TO NEGOTIATE FOR A TWELVE MONTH PERIOD WITH GLOBAL INNOVATION DEVELOPMENT, INC. FOR A 39,500 SQUARE FOOT PARCEL AT THE NORTHEAST CORNER OF BELARDO ROAD AND ALEJO ROAD FOR THE PURPOSE OF DEVELOPING A RESIDENTIAL AND PUBLIC PARKING PROJECT, MERGED PROJECT AREA#1 (APN 505-324-002). A0510C. WHEREAS,the Community Redevelopment Agency of the City of Palm Springs, California ("Agency") is constituted underthe Community Redevelopment Law(California Health and Safety Code Section 33000 et. seq.)to carry out the purpose as the redevelopment in the City of Palm Springs ("the City"): and WHEREAS in the project area is a parking lot parcel acquired by the Agency from the Diocese of San Bernardino in 1983 to provide public parking in the north end of the Project Area; and a WHEREAS the Agency is responsible for eliminating blight within the Central Business District Constituent Area of Merged Redevelopment Project Area #1; and WHEREAS Brian Linnekens of Global Innovation Development, Inc. has requested the Agency to enter into an Exclusive Agreement to Negotiate on the parcel while he negotiates a Disposition & Development Agreement with the Agency to acquire the parcel for the purpose of developing a public parking and residential project on the site; and WHEREAS, Section 33430 of the Community Redevelopment Law allows that an agency may, "for purposes of redevelopment, sell, lease, for a period not to exceed 99 years, exchange, subdivide, transfer, assign, pledge, encumber by mortgage, deed of trust, or otherwise, or otherwise dispose of any real or personal property or any interest in property." NOW THEREFORE BE IT RESOLVED by the Community Redevelopment Agency of the City of Palm Springs, as follows: SECTION 1. Amendment No. 1 to the Exclusive Agreement to Negotiate with Global Innovation Development, Inc., is hereby approved. SECTION 2. The Executive Director, or his designee, is hereby authorized to execute on behalf of the Agency the Amendment, in a form approved by Agency Counsel. Resolution No. 1311 Page 2 , ADOPTED this 4"' DAY OF OCTOBER, 2006. David H. Ready, xe Director ATTEST: f /r fries Thompson, Asst. Secretary (/f/ CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) $s. CITY OF PALM SPRINGS ) I, JAMES THOMPSON,Assistant Secretary ofthe Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1311 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 4th day of October, 2006, by the following vote: AYES: Agency Member McCulloch, Agency Member Mills, Agency Member Foat, and Agency Member Oden. NOES: None. ABSENT: None. ABSTAIN: Agency Member Pougnet arfies Thompson, Assistant Secretary Gommunity Redevelopment Agency City of Palm Springs, California 1 RESOLUTION NO. 1312 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING AMENDMENT NO. 3 TO A DISPOSITION AND DEVELOPMENT AGREEMENT WITH THE AGUA CALIENTE BAND OF CAHUILLA INDIANS ON PROPERTIES IN PROXIMITY TO THE SPA HOTEL AND SPA RESORT CASINO, SECTION 14, MERGED PROJECT AREA No. 2. A0339C. WHEREAS, the Community Redevelopment Agency of the City of Palm Springs, California ("Agency") is constituted under the Community Redevelopment Law (California Health and Safety Code Section 33000 et. seg.) to carry out the purpose as the redevelopment in the City of Palm Springs ("the City"); and WHEREAS, the Agency and Developer entered into that certain Disposition and Development Agreement, which was approved by the Agency Board pursuant to Resolution No. 952 on September 7, 1994 (the "Original DDA") with respect to the acquisition and development of certain real property located in the City of Palm Springs and more particularly described in the Original DDA; and WHEREAS, the Original DDA was amended by Amendment No. 1 dated August 7, 1996 (First Amendment") and Amendment No. 2 dated January 8, 2002, (Second Amendment); and WHEREAS, the Original DDA as amended is referred to herein as the DDA. Capitalized terms used and not defined in this Third Amendment shall have the meanings ascribed as such terms in the DDA; and WHEREAS, the Agency and Developer now desire to enter into this Third Amendment to the DDA for purposes of facilitating the clarification of property designations and adjusting the formula under which the Tribe makes Mitigation Fee payments to the City; and WHEREAS, the Agency has considered the staff report, and all the information, testimony and evidence provided at its regularly scheduled meeting of October 18, 2006. NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment Agency of the City of Palm Springs as follows: SECTION 1. The above recitals are true and correct and incorporated herein. e SECTION 2. Pursuant to the California Environmental Quality Act (CEQA), the Community Redevelopment Agency finds as follows- Resolution No. 1312 Page 2 ' a) In connection with the approval of the DDA, the project is Categorically Exempt because there are no changes in the effects of the proposed project or the circumstances in which it is being implemented which require any modification of the Categorical Exemption. 2) The Agency finds that the Planning Commission adequately discussed the potential significant environmental effects of the Casino project (land use, traffic/circulation, parking, air quality, noise, aesthetics, geology/soils, water quality, drainage, public utilities, public safety, archaeological/historic resources and light and glare), approved in December 2002. The Community Redevelopment Agency further finds that the Categorical Exemption reflects its independent judgment. SECTION 3. The proposed project is consistent with the Implementation Plan for this area, insofar as this project will beautify the downtown and decrease blight. It will also add another tourist attraction in a commercial area heavily dependent on tourism. SECTION 4. Based on foregoing reasons, this Third Amendment to the Disposition and Development Agreement is hereby approved and incorporated herein by this reference. SECTION 5_ The Executive Director is authorized to execute all necessary documents, in a form approved by the Agency Counsel. ADOPTED THIS 18th day of Octob-e�r, 2006. David H. Ready, Executiv ec#or ATTEST: /l�'mes Thompson, Assistant Secretary Resolution No, 1312 Page 3 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1312 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 18th day of October, 2006, by the following vote: AYES: Agency Member McCulloch, Agency Member Mills, Agency Member Pougnet, Agency Member Foat, and Agency Member Oden. NOES: None. ABSENT: None. ABSTAIN: None. ?es Thompson, Assistant Secretary unity Redevelopment Agencyyf Palm Springs, California RESOLUTION NO. 1313 A RESOLUTION OF THE COMMUNITY ' REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING AN AGREEMENT ' FOR PURCHASE AND SALE OF REAL PROPERTY AND ESCROW INSTRUCTIONS WITH ESTHER LEVY OF PALM ' DESERT, CA FOR A PROPERTY AT 342 NORTH PALM CANYON DRIVE (CORK 'N BOTTLE), MERGED PROJECT ' AREA, NO. 1, FOR THE PURPOSE OF PRESERVING THE STRUCTURE AND ASSEMBLING THE PROPERTY FOR DOWNTOWN REDEVELOPMENT, IN THE AMOUNT OF $585,000. PLUS BROKER COMMISSION AND CLOSING COSTS. A5012C. WHEREAS, the Community Redevelopment Agency of the City of Palm Springs, California ("Agency") is constituted under the Community Redevelopment Law (California Health and Safety Code Section 33000 et. sea.) to carry out the purpose as the redevelopment in the City of Palm Springs ("the City"); and WHEREAS, Section 33430 of the Community Redevelopment Law allows that an agency may, "for purposes of redevelopment, sell, lease, for a period not to exceed 99 years, exchange, subdivide, transfer, assign, pledge, encumber by mortgage, deed of trust, or otherwise, or otherwise dispose of any real or personal property or any interest in property;" and WHEREAS, Section 33432 of the Community Redevelopment Law requires that any such lease shall be conditioned on the redevelopment and use of the property in conformity with the redevelopment plan; and THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The Agreement for Purchase and Sale of Real Property and Escrow Instructions with Esther Levy of Palm Desert, CA for a property at 342 North Palm Canyon Drive (Cork 'n Bottle), Merged Area ##1, for the purpose of preserving the structure and assembling the property for downtown redevelopment, in the amount of $585,000. plus broker commission and closing costs, is hereby approved and incorporated herein by this reference. SECTION 2. The Executive Director, and/or his designee, is authorized to execute all necessary documents, in a form approved by the Agency Counsel. Resolution No. 1313 ' Page 2 ADOPTED THIS 25th day of October, 2006. David H. Ready, Execut rector ATTEST: les Thompson, Assistant Secretary CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the City of Palm Springs, hereby certify that Resolution No. 1313 is a full, true and correct copy, and was duly adopted at an adjourned meeting of the City Council of the City of Palm Springs on the 25t' day of ' October, 2006 by the following vote: AYES: Agency Member McCulloch, Agency Member Mills, Agency Member Pougnet, Agency Member Foat, and Agency Member Oden. NOES: None. ABSENT: None. ABSTAIN: None. Ymes Thompson, Assistant Secretary munity Redevelopment Agency City of Palm Springs, California RESOLUTION NO. 1314 A RESOLUTION OF THE COMMUNITY REDEVELOMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA AMENDING THE BUDGET FOR FISCAL YEAR 2006-07. WHEREAS, Resolution No. 1301 approving the budget for the fiscal year 2006-07 was adopted on the 7th day of June, 2006; and WHEREAS, the Executive Director has recommended, and the Agency Board desires to approve, certain amendments to said budget. NOW, THEREFORE, BE IT RESOLVED that the Director of Finance is authorized to record inter-fund cash transfers as required in accordance with this Resolution, and that Resolution No. 1314 adopting the budget forthe fiscal year2006-07 is hereby amended as follows: SECTION 1. ADDITIONS Fund Activity Account Amount 821 Building Repairs 8199-43050 $70,000.00 Purpose: To provide additional funds for building repairs. SECTION 2. SOURCE Fund Activity Account Amount 821 Fund Balance 29301 ($70,000.00) Adopted this 1st day of November, 2006, David H. Ready, xec irector ATTEST: J�mes Thompson, Assistant Secretary v Resolution No. 1314 Page 2 CERTIFICATION , STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON,Assistant Secretary ofthe City of Palm Springs, hereby certify that Resolution No. 1314 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 1 st day of November, 2006 by the following vote: AYES: Agencymember Pougnet, Agency Member Foat, and Chair Oden. NOES: None. ABSENT: Agencymember McCulloch, and Agencymember Mills. ABSTAIN: None. ACo mes Thompson, Assistant Secretary mmunity Redevelopment Agency City of Palm Springs, California Resolution No. 1315 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING A LEASE WITH JOHN WESSMAN DBA WESSMAN DEVELOPMENT COMPANY FOR A 20,000 SQUARE FOOT BUILDING LOCATED AT 101 NORTH PALM CANYON DRIVE FOR THE. PURPOSE OF ESTABLISHING A TEMPORARY "PALM SPRINGS VISION CENTER" IN THE BUILDING. The Community Development Agency of the City of Palm Springs, hereby resolves: SECTION 1. The lease with John Wessman dba Wessman Development Company for a 20,000 square foot building located at 101 North Palm Canyon Drive, in the amount of $1.00 per year For a term of eighteen months, is hereby approved. SECTION 2. The Executive Director or his designee is hereby authorized to execute all documents related to the lease. ADOPTED THIS 6th day of December, 2006. David H. Ready, ,ec i erector ATTEST: /1mes Thompson, Assistant Secretary Resolution No. 1315 Page 2 CERTIFICATION ' STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1315 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 6"' day of December, 2006 by the following vote: AYES: Agency Member McCulloch, Agency Member Mills, Agency Member Pougnet, Agency Member Foat, and Chair Oden. NOES: None. ABSENT: None. ABSTAIN: None. Trhes Thompson, Assistant Secretary , mmunity Redevelopment Agency ev City of Palm Springs, California ' RESOLUTION NO. 1316 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR THE FISCAL YEAR 2006-07. WHEREAS Resolution No. 1301 approving the budget for the fiscal year 2006-07 was adopted on the 7th of June, 2006; and WHEREAS the City Manager has recommended, and the CPA Board desires to approve, certain amendments to said budget. NOW THEREFORE BE IT RESOLVED that the Director of Finance is authorized to record inter-fund cash transfers as required in accordance with this Resolution, and that Resolution No. 1301, adopting the budget for the fiscal year 2006-07 is hereby amended as follows: SECTION 1. ADDITIONS Fund Activity _Account Amount 882 Housing Element 8382 Pending $43,973.00 ' Update Purpose: To provide an update the Housing Element of the General Plan. SECTION 2. SOURCE Fund Activity Account Amount 882 Fund Balance 29301 $43,973.00 ADOPTED THIS 6th day of December, 2006. David H. Ready, x e Director ATTEST: ' es Thompson, Assistant Secretary Resolution No. 1316 Page 2 'STATE OF CALIFORNIA ) CERTIFICATION COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. 1316 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 66 day of December, 2006, by the following vote: AYES: Agency Member McCulloch, Agency Member Mills, Agency Member Pougnet, and Agency Member Foat. NOES: None, ABSENT: Chair Oden. ABSTAIN: None. ;W2e!s Thompson, City Clerkf Palm Springs, California , 1 RESOLUTION NO. 1317 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA SUPPORTING AN APPLICATION BY COACHELLA VALLEY HOUSING COALITION TO THE CALIFORNIA MULTI-FAMILY HOUSING PROGRAM FOR PROJECT FINANCING OF THE DEVELOPMENT OF A 50- UNIT APARTMENT PROJECT ON A 4.45 ACRE ON LAS VEGAS ROAD IN THE DESERT HIGHLAND NEIGHBORHOOD, INCLUDING AGENCY FINANCIAL PARTICIPATION NOT TO EXCEED $1,200,000 IN GAP FINANCING; AND TO DIRECT STAFF TO DRAFT AN OWNER PARTICIPATION AGREEMENT ("OPA") WHEREAS, the Community Redevelopment Agency of the City of Palm Springs (the "Agency") has established an affordable housing setaside fund in accordance with Section 33000 et. seq. of the California Health and Safety Code; and WHEREAS, the funds are earmarked for the acquisition, construction, or rehabilitation of affordable housing to benefit the community; and WHEREAS, Coachella Valley Housing Coalition ("CVHC") has submitted a proposal for an affordable housing project to be developed in collaboration with the Community Redevelopment Agency on a 4.45 acre site owned by CVHC Las Vegas site in Desert Highland; and WHEREAS, the Developers will submit a Low Income Housing Tax Credit (LIHTC) application to the California Tax Credit Allocation Committee for the July, 2007 application, and shall apply in the October, 2007 state Multifamily Housing Program (MHP) funding round for the development of the project and HOME funds through Riverside County; and WHEREAS, the owners will agree to restrict, though a Regulatory Agreement approved as an attachment to the OPA, the rents on 100% of the units to levels affordable to families with incomes no more than 60% of Area Median Income (AMI) for a period of 55 years; and WHEREAS, the Owner Participation Agreement between the Agency and Developer shall be drafted after the Project has received a commitment of HOME funds, and return to the Agency for approval; it shall provide for assistance by the Agency to the Project in the form of subordinated loans to be repaid from Project revenues. NOW, THEREFORE, BE IT RESOLVED, by the Community Development Agency of the City of Palm Springs, as follows: 1. The Agency hereby approves of the Developer' Application for a 4% Low Income Housing Tax Credit allocation through the California Tax Credit Allocation Committee. Resolution No. 1317 Page 2 2. The Agency offers its approval of a Note to the Developer on behalf of the Project, subject to the successful negotiation of an Owner Participation ' Agreement, in the amount of $1,200,000 under terms to be specified in the Owner Participation Agreement. The note provides the Agency security for the Regulatory Agreement which contains the affordability provisions and other performance requirements; the interest on the Agency note shall be 1% simple interest, payable from residual receipts on the project; and the note shall be for a period of 55 years. 3. Agency staff is directed to bring an Owner Participation Agreement to the Agency containing the above terms upon a successful allocation of HOME funds to the Developer. 4, The Executive Director is hereby authorized and directed, on behalf of the Agency, to execute all documents, including applications or letters of intent or commitment, related to the Project and the purposes of this Resolution. ADOPTED THIS 201h DAY OF DECEMBER, 2006. David H. Ready, Executiv�p to or ATTEST: ' GA§sistant Secretary CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the City of Palm Springs, hereby certify that Resolution No. 1317 is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on the 20th day of December, 2006 by the following vote: AYES: Agency Member Foat, Agency Member, McCulloch, Agency Member Mills, Vice Chair Pougnet, and Chair Oden. NOES: None. ABSENT: None. ABSTAIN: None. mes Thompson, Assistant Secretary , Community Redevelopment Agency City of Palm Springs, California