HomeMy WebLinkAbout22153 - RESOLUTIONS - 2/6/2008 RESOLUTION NO. 22163
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, APPROVING A
SUBLEASE OF THE DOWNTOWN PARKING GARAGE TO
THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS-
The City Council of the City of Palm Springs resolves:
1. The City Council of the City of Palm Springs, pursuant to authority provided under
Health and Safety Code Section 33220, approves the sublease certain property
generally located at the northwest corner of Indian Canyon Drive and Baristo Road
(APNs 513-154-045, 513-154-046, 513-154-047, 513-154-044, and 513-154-048)
and referred to as the "Downtown Parking Garage," to the Community Redevelopment
Agency of the City of Palm Springs ("Agency"). The City Council finds that the sale of
the Parking Garage to the Agency will aid in the planning, undertaking, construction,
and operation of redevelopment within Merged Project Area No. 1.
2. The City agrees that the annual cost of such sublease shall be an amount equal to all
annual payments and costs of the City pursuant to a Lease Agreement dated August 1,
2002 between the City and the Palm Springs Public Financing Authority ("Lease
Agreement").
3. In approving this Sublease, the City acknowledges that the Sublease is
subject and subordinate in all respects to the Lease Agreement and the City
acknowledges that it shall at all times remain liable for the performance of the
covenants and conditions on its part to be performed under the Lease Agreement.
3. The City Council authorizes and directs the Mayor to execute the Sublease on behalf
of the City and to execute such other documents as may be reasonably necessary or
prudent to complete this transaction as provided in this Resolution. The City Manager
is directed to accept payment in the amounts as provided in the Sublease.
ADOPTED THIS 6tn day of February, 2008.
David H- Ready, City M
ATTEST:
d as Thompson, City Clerk ~
Resolution No. 22153
Page 2
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. 22153 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 6t' day of February, 2008,
by the following vote:
AYES: Councilmember Hutcheson, Councilmember Mills, Councilmember
Weigel, Mayor Pro Tem Foat, and Mayor Pougnet.
NOES: None.
ABSENT: None.
ABSTAIN: None.
es Thompson, City Clerk
ity of Palm Springs, California C43/l2/ZOob