HomeMy WebLinkAbout22106 - RESOLUTIONS - 12/12/2007 RESOLUTION NO. 22106
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, APPROVING THE SALE
OF THE CONVENTION CENTER NORTH PARKING LOT,
PALM CANYON THEATER, THE DESERT ART CENTER,
AND FRANCES STEVENS PARK TO THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF PALM
SPRINGS.
The City Council of the City of Palm Springs resolves:
SECTION 1. The Council of the City of Palm Springs, pursuant to authority provided
under Health and Safety Code Section 33220, approves the sale of a
parcel of land to the Community Redevelopment Agency of the City of
Palm Springs within Merged Project Area No. 1 , generally identified as
Frances Stevens Park (APN 505-325-003), including the Palm Canyon
Theater (538 North Palm Canyon Drive) and the Desert Art Center
(550 North Palm Canyon Drive). The City Council finds that the sale of
this parcel of land to the Community Redevelopment Agency of the City
of Palm Springs will aid in the planning, undertaking, construction, and
operation of redevelopment within Merged Project Area #1.
SECTION 2. The City Council accepts the sum of Four Million Eight Hundred Twenty
Three Thousand Dollars ($4,823,000) from the Community
Redevelopment Agency of the City of Palm Springs in full payment of
said parcel. The City Council assigns its rights, title, and interest in the
lease of the Palm Canyon Theater and the Desert Art Center to the
Community Redevelopment Agency and agrees to the assignment of the
Lease Agreement between the City of Palm Springs and Palm Canyon
Theater and the Theater Use Agreement with the Palm Springs
International Film Festival for the use of the Palm Canyon Theater, and a
Lease Agreement between Desert Art Center, Inc. of the Coachella
Valley and the City for the Desert Art Center, to the Agency.
SECTION 3. The Council of the City of Palm Springs, pursuant to authority provided
under Health and Safety Code Section 33220, approves the sale of three
parcels of land within Merged Project Area No. 2, generally identified
as the Convention Center North Parking Lot (APNs 508-023-012, 013,
and 014) to the Community Redevelopment Agency of the City of Palm
Springs, The City Council finds that the sale of these parcels of land to
the Community Redevelopment Agency of the City of Palm Springs will
aid in the planning, undertaking, construction, and operation of
redevelopment within Merged Project Area #2.
Resolution No. 22106
Page 2
SECTION 4. The City Council accepts the sum of Four Million Six Hundred Seventy
Five Thousand Dollars ($4,675,000) from the Community
Redevelopment Agency of the City of Palm Springs in full payment of
said parcels, and agrees to assign the provisions of the Amended
Exclusive Agreement to Negotiate between the City and the Oasi Group,
LLC, which provides for the sale of the property to the Developer per the
terms of a Disposition and Development Agreement, to the Agency.
SECTION 5. The City Council authorizes and directs the City Manager to execute
grant deeds in favor of the Community Redevelopment Agency of the City
of Palm Springs, to accept payment, and to execute such other
documents as may be reasonably necessary or prudent to complete this
transaction as provided in this Resolution.
ADOPTED THIS 12th day of December, 2007
David H. Ready, Cit r Hager
ATTEST:
� 7
mimes 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, hereby certify that
Resolution No. 22106 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 12th of
December, 2007, by the following vote:
AYES: Councilmember Hutcheson, Councilmember Mills, Councilmember
Weigel, Mayor Pro Tem Foat, and Mayor Pougnet.
NOES: None.
ABSENT: None.
ABSTAIN: N!6lIX See minutes for Abstention.
lZmes Thompson, City Clerk /
ity of Palm Springs, California0I10'5/ 'Z