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HomeMy WebLinkAbout3/24/2004 - STAFF REPORTS (5) 'kfa cfe DATE: MARCH--17,2004-- TO: COMMUNITY REDEVELOPMENT AGENCY AND CITY COUNCIL FROM: DIRECTOR OF COMMUNITY AND ECONOMIC DEVELOPMENT APPROVAL OF AN ESCROW FOR PURCHASE AND SALE WITH FRANCES WINTER OF BEVERLY HILLS, CALIFORNIA, FOR A SINGLE FAMILY RESIDENCE AT 141 SOUTH CAHUILLA ROAD FOR $425,000, SUBJECT TO CERTAIN RESTRICTIONS, AND APPROVAL OF A LOAN FROM THE CITY TO THE AGENCY TO COMPLETE THE SALE TO FACILITATE THE DEVELOPMENT OF A BOUTIQUE HOTEL RECOMMENDATION: It is recommended that (1) the Agency approve an escrow to approve the purchase of a property at 141 South Cahuilla Road in Palm Springs,from Frances Winter of Beverly Hills for the amount of$425,000; and, (2) that the City Council approve a loan from the City to the Agency for the purchase price, for the purpose of facilitating the development of a boutique hotel. SUMMARY: At the time the Agency was creating the Oasis (Tennis Club) Project Area in 1983-84, Mr. and Mrs. Winter brought suit against the Agency to ensure that their home would never be acquired through condemnation. A Settlement Agreement dated May 4, 1988 reached with the Winters prevented the Agency from ever pursuing eminent domain while the Winters owned the property, but gave the Agency a right of first refusal to purchase if they received an offer and chose to sell. Mrs. Winter received an offer in December, 2003 and considered selling, but was required to give the Agency 30 days to respond. On January 26, 2004 the Agency replied in writing that it was exercising its option to acquire the property by matching the offer that had been accepted. In addition to the purchase price, the Agency had to agree to certain non-financial provisions related to not destroying or altering the building, and applying for permanent historic preservation status for the building. The purpose of acquiring the property is to help facilitate the development of a boutique hotel on the adjacent vacant parcel to the north. BACKGROUND: When the Oasis redevelopment project area was created in 1983-84, the Winters sued the Agency to ensure that their home would never be acquired through condemnation. They were concerned the Agency intended to clear all the properties on their block for a major development, since some of the adjacent properties had been razed by the abatement process. A Settlement Agreement dated May 4, 1988 with the Winters prevented the Agency from pursuing eminent domain while they owned the property, but gave the Agency a right of first refusal if they received an offer and chose to sell. The adjacent property owner to the north,Wessman Development Company, had inquired about Agency assistance in acquiring the Winter property in 2000, but was informed about the terms of the Settlement Agreement. He continued to express interest in the property over the past few years while he has planned a boutique hotel on the vacant property, and asked to be informed if the Agency ever had the ability to purchase the property. Mrs. Winter did receive an offer in December, 2003 from the adjacent property owners, Frank Tysen and Therese Hayes, owners of Casa Cody B & B at 175 South Cahuilla. Mr. Tysen desired to use the Winter property to expand the inn, giving it additional rooms and more outdoor event space. Under the terms of the Agreement, if Mrs. Winter received from any third party a proposal in writing to purchase the property which she is prepared to accept, she shall provide Notice to the Agency and the Agency"shall have a right of first refusal for a period of thirty (30) days after the receipt of Frances Winter's Notice in which to notify Frances Winter in writing whether it agrees to purchase the Property for the same price and on the same terms and conditions as the offer made by the third party." Her attorney did so in a letter to the Executive Director dated December 27, 2003. At its January 21, 2004 meeting, the Agency voted to exercise its option with Frances Winter and purchase the property at the same price and on the same terms and conditions as provided in the third party offer. On January 26th the Agency replied in writing that it was exercising its option to acquire the property by matching the offer that had been accepted. The offer stated the Agency was prepared to open an escrow and close on the property within 60 days of the escrow opening. In addition to the purchase price, the Agency must agree to certain non-financial provisions related to not destroying or altering the building, and applying for permanent historic preservation status for the building. The action before the Agency is to approve an escrow with Mrs Winter. In addition, the City would approve a loan to the Agency the $425,000 to close the sale. The primary source of those funds is the$350,000 remaining in the City's Economic Development Fund (001-1220), established by the sale of land to Burnett Development in 2003, (the fund originally had $465,000), and $75,000 in fund alance. The note would be payable to the City from tax increment of the project area or from the resale of the property. JqHlq S. YMO Dine for Comm and Economic Development APPROVE x utive i for ATTACHMENTS: 1. Agency Resolution 2. Escrow Agreement 3. Loan Agreement 4. Agency Resolution Accepting Loan 5. City Resolution Approving Loan 6. City Budget Resolution RESOLUTION NO. OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING AN ESCROW WITH FRANCES WINTER OF BEVERLY HILLS, CALIFORNIA, TO PURCHASE A PROPERTY AT 141 SOUTH CAHUILLA DRIVE FOR $425,000, WITH CERTAIN RESTRICTIONS ON THE FUTURE DEVELOPMENT OF THE STRUCTURE FOR THE PURPOSE OF FACILITATING THE DEVELOPMENT OF A BOUTIQUE HOTEL WHEREAS, Frances Winter is the owner of that certain real property located in the City of Palm Springs, County of Riverside, State of California, consisting of a single family home on approximately 15,246 square feet and more particularly described in attached Exhibit A ("Winter Property"); and 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 agency in the City of Palm Springs ("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, on May 4, 1988, the Community Redevelopment Agency entered into a Settlement Agreement with Frances Winter ("Owner") related to eminent domain of a property at 141 South Cahuilla Road whereby if Owner received from any third party a proposal in writing to purchase the property which Owner is prepared to accept, Owner shall provide Notice to the Agency and the Agency shall have a right of first refusal for a period of thirty (30) days after the receipt of Owner's Notice in which to notify Owner in writing whether it agrees to purchase the Property for the same price and on the same terms and conditions as the offer made by the third party; and WHEREAS, Owner gave Notice of intent to sell on December 27, 2003, and on January 26 the Agency replied in writing that it was exercising its option to acquire the property by matching the offer that had been accepted. WHEREAS, the third party offer contained provisions such that the Buyer must agree to certain non-financial conditions related to not destroying or significantly altering the building, and applying for permanent historic preservation status for the building. WHEREAS, the Agency is acquiring the property to facilitate the development of a boutique hotel, which meets the purposes of the Amended and Restated Redevelopment Plan for Merged Area #1. NOW THEREFORE BE IT RESOLVED by the Community Redevelopment Agency of the City of Palm Springs, that: SECTION 1. The purchase of a property at 141 South Cahuilla Road for$425,000 from Frances Winter of Beverly Hills, California, subject to certain restrictions related to not destroying or significantly altering the building and applying for permanent historic preservation status for the building, is hereby approved. SECTION 2. The Executive Director or his designee is hereby authorized to execute all contracts, deeds, declarations, or other documents related to the purchase and sale, escrow, or Amendment to Assign Buyers Interest or other related agreements in a form acceptable to Agency Counsel. ADOPTED this day of 12004. AYES: NOES: ABSENT: ATTEST: COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA By Assistant Secretary Chairman REVIEWED & APPROVED AS TO FORM x c) 242;�i March 24, 2004 Liberty Escrow, Inc. 901 East Tahquitz Canyon Way Suite A-101 Palm Springs, CA 92262 Attention: Melvina Schaefer RE: Escrow 11923-MS Sale of 141 South Cahuilla Road by Frances Winter to Frank Tysen and Therese Hayes Ladies and Gentlemen: It has been brought to our attention by legal counsel that the Cominunity Redevelopment Agency of the City of Palm Springs ("Agency") and the City Council of the City of Palm Springs("City") have acted improperly and without authority in purporting to exercise a right of first refusal to buy the property at 141 South Cahuilla Road which is the subject of the above referenced sale escrow, rendering the purported exercise void and of no legal force or effect. We are advised that the Agency's purported notice of intention to exercise the right of first refusal was sent to the seller without an Agency vote having been taken in open session, so no valid and authorized notice of exercise was sent within the required 30 days after notice of our intended purchase on December 27, 2003 which has clear public interest implications. Indeed, the Agency has yet to formally vote on the matter. Moreover, the purported exercise fails to set forth the Agency's agreement to comply with all of the terms and conditions of the pending sale escrow, not only regarding the preservation issues, but also the date by which escrow must close. Further, such an Agency vote would constitute an exercise of discretion within the provisions of the California Environmental Quality Act ("CEQA'), requiring prior compliance with the applicable CEQA requirements. Neither the proposed resolution nor the information publicly available indicates that the Agency has even attempted to comply. Because of the Agency's failure to act timely to properly exercise the right of first refusal, the non-compliance of the purported exercise with the terms of the right of first refusal, the Agency's failure to comply with CEQA and several additional reasons, including the Agency's failure to set forth the scope of the development project for which Caen Cody Caanm/Inn v7;South Cahuilla Road PalmrSpjings,Cablomiao2a61 y6o-310-9346 76o3z58610 Fax _ n A the purchase is intended and failure to collect any data on the impact of such a development on the neighborhood and community at large, the right of refusal action is invalid and of no legal force or effect. The seller and we are obligated under the teens of the escrow to proceed to close within 60 days after the 30-day notice period within which the Agency might have properly exercised its right of fast refusal has terminated. Therefore, we are making a demand upon the seller and escrow to proceed to close the escrow by March 26, as we are prepared to do, so that we may comply with the conditions stipulated in our escrow. Sincerely, Fr Ink Tyson Threse Hayes Frances Winter c/o Larry Meyer, Attorney at law Community Redevelopment Agency of the City of Palm Springs c/o John Raymond, Director Palm Springs Department of Economic Development, City of Palm Springs c/o David Ready, City Manager Liberty Escrow re Escrow 11923-MS(Winter property)3-23-04 2 _ Wessman Plaza ��� _ � ��— i i Temecula WesT Palm Springs EDEVELDPKiIENTCOMi ANY - The Center Promenade Plaza Mercado - Canyon Plaza - Canyon Plaza North and South Business Park Shopping Centers Plaza del Sol TahgwTz Mesa Villas Date Pah» Square RUbldOnk Plaza ,,,Dy VVV - Indio Plaza Plaza las Flores - Chad[ House Restaurant TahquiLz Square Rancho San Pablo - Plaza ai SuiuISO Baristo Plaza March 24, 2004 City of Palm Springs HAND DELIVERED P.O. Box 2743 Palm,Springs, 92.263 Attention: David Aleshire, City Attorney John Raymond, Redevelopment Director Re: Winters Property 141 South Cahuilla Road Dear David and John: As we have discussed, I am very interested in acquiring the Winters' property and would like to enter into a Disposition and Development Agreement to do so. In consonance with that, a description and timeline for the proposed project follows. The addition of the Winters' property to the land that I already own at the corner of Tahquitz Canyon Way and Cahuilla is essential for the development of a boutique hotel. Without the Winters' property,the setback requirements would not allow such development. In that case, I would develop the property into a small condominium complex. I am planning a high-end boutique hotel that would cater to the affluent lifestyle which would in tam help drive the improvement and the quality of local retail stores and restaurants. The architecture will be contemporary, urban style with the use of block, steel and other natural materials. The height and mass of the hotel would be determined by the City Planning Commission. We are anticipating 30-40 rooms but the final number of rooms would be the maximum'allowed by City Code through a Planned Development District. Amenities would be those typical of a boutique hotel: outstanding rooms with,W Hotel quality furnishings and beds, a pool with spa, a workout/gym room, and if space permits, a small restaurant. There would be no meeting or convention rooms so 300 S. PALM CANYON DRIVE PALM SPRINGS, CA 92262 - PHONE (760) 325-3050 FAX (760) 325-5848 the hotel would utilize the Convention Center facilities as needed. The hotel will be of the caliber of a W Hotel but on a smaller scale, such as the Hotel Healdsburg in the Valley of the Moon adjacent to the Sonoma Valley region of Northern California or The Inn at the Market in Seattle or the Camelback Gardens Hotel in Telluride. We project a daily rate in the $200-$300 rack rate range. The Winters' property will be germane to the hotel's success since it will give a buffer to the low-rise single-story buildings of Casa Cody,and,allow us to build up to the property line of our existing property. One of our problems is that the existing house is only 3 feet from our property line with the overhang being only 1.5 feet. It will provide open and amenity space to the overall project. The Winters' building could possible house the restaurant and outdoor eating area of the hotel as well as the pool area and other amenities. To purchase the Winters' property, I would pay the City an amount that would cover all costs that the City incurred in its purchase. Therefore3 the City would be fully reimbursed for all cash outlay. The purchase would be covered by the DDA. We would expect that the cost of this project would one $150,000-175,000 per key. With the current information available to us at this time,we would not be asking for any subsidies from the City of Palm Springs. Timing is always a major element in a DDA. For the development of this boutique hotel, I propose the following timeline: Conceptual Planning with Architect 6 Months Preliminary Architectural Drawings (Ready for City Submittal) 6 Months Architectural and PDD Approvals 6 Months Final Architectural Construction Drawings _ 6 Months Building Department Review 3 Months Financing 3 Months Construction 12 Months Thank you in advance for your consideration in this matter. Should you have any questions or comments,please do not hesitate to contact me. Sincerely, John Wessman JW:mh �� FROM CASA CODY COUNTRY INN PHONE NO. : 760 325 8610 Mar. 17 2004 01:20PM P1 696 Via Monte Vista Palm Springs, CA 92262 March 16, 2004 Palm Springs City Council 3200 E Tahquitz Way Palm Springs,CA 92262 Dear Council Members- Re: Winters property, I41 South Cahuilla We are neighbors north of the Casa Cody Bed and Breakfast Country Inn_ Our home was built in the 1920's. We support Frank Tyson and Therese Hayes, owners of the Casa Cody,in purchasing the historical home adjaocut to their property on 141 South Cahuilla, We arc assured that the Owners of the Casa Cody will preserve the historical integrity and original architecture of the home in that period of tinge. Please allow Frank Tyson and Therese Hayes to complete the escrow in the purchase of that property. Respectfully, Lisa and Joe Luisi FROM CRSR CODY COUNTRY INN PHONE NO. : 760 325 8610 Mar. 17 2004 01:20PM P2 Page i of Subj: Emailing; Palm Mayor.eml Date: 3/17104 2.5224 AM Pacific Standard lime From: doncougt@ intnet.mu TnTo: ...._ ,.. ereseHayes�aoLcom File: PalmMayoremi(4980 bytes)D!Time(TCP/IP): < I minute _Sent from the Internet.[petailsl Your files are attached and ready to send With this message. I'D Lk } aOrL ,(� � `7 ! r^ j " g (��t,��9-�— U•v� ��'�� ft.t�u ��oE-� `hp f�r/v�-�. � ndti l I�GC'Jl,+.}e. vo w o yw` "{� ' l�aL- �y(Pn�- � ��- C.>C��-.Cz-- � ('�n"C�✓�'`� � CS r�'�} �-��.P�u-, . ��• �� V T'��{/vJ L//`"W1 1V /�vul.[�C/u� ,�"V' "� {/1/�'1 �VV���V�l` /^0^/ CAM Wednesday, March 17,2004 America Online' Theresel4ayes FROM CRSR CODY COUNTRY INN PHONE N0. : 760 325 0610 Mar. 17 2004 01:21PM P3 710 N Patencio Palm Springs,CA 92262 March 15, 2004 Palms Springs City Council 3200 E Tahquitz Way Palm Springs,CA 92262 Dear Council Members: Ile: Winters property,141 South Cahuilla I own a home that was built in the 19201s,located north of the Casa Cody Bed and Breakfaa Country Inn. I support Frank Tyson and Therese Hayes,owners of the Casa Cody,in purchasing the historical home adjoining their property on 141 South Cahuilla. I am assured that the Owners of the Casa Cody will preserve the historical integrity and original architecture of the home in that period of time. Pies"allow Frank Tyson and Therese Hayes to complete the escrow in the purchase of that property. Respectfully, Carol Searioni !0C CAA7 ..� FROM CRSR CODY COUNTRY INN PHONE NO. 760 325 8610 Mar. 17 2004 01:21PM P4 rTA March 12, 2004 DR.JAMES MELTON P C A K E R / A U T I-I0 R Therese Hayes Casa Cody Hotel 1240 Monte Vista Palm Springs, CA. 92262 Dear Therese, Please accept this letter as my sincere,expression to invest your best efforts at the city council meeting in securing the residence adjacent to your buildings as a part of your charniing, restful and "Old Palm Springs" Casa Cody hotel, My feelings stem from the general tone of the Historic Tennis Club area and the strong feeling of the residents and business owners within to keep the history intact. As a resident in the area for more than 25 years, 1 personally feel that allowing the city to purchase the property may result in the eventuality of a transfer oCownership to other interested parties who, unlike the Casa Cody proprietors, may shift the focus of the current residence to a more commercial and financially rewarding direction. l know from our conversations, and from your personal history and dedication to retain an "Old Palm Springs" flavor in your hotel, (one example is the restoration of the "adobe,") that the remodeling under your direction would bring the building back to its original state and in the future may even be dedicated as an historical site. Palm Springs deserves to have its history retained, Enough of the"Mock Old World" has already slipped in and the treasures of the past are becoming very few, hi my business travels as a speaker, it is obvious to me as it is so many others that the reputation of Palm Springs lives strongly in the minds and hearts of people worldwide. We must do all that we can to insure that this city clots not fall prey to the common,the standard, and the fast- dollar investors. Palm Springs has a life of its own. It has given so much of itself to the world and it continues to define the parameters of the grand,rich and abundant lifestyle that so many aspire to achieve. To place the reputation of Palm Springs in jeopardy would be a travesty. $est re�ands�� .,/ 11 k( Jatng(C�/SE.'tv�el�oti THE MELTON CORpORa-r1ON P.Q. BOX 2030 PALM SPRINGS, CALIFORNIA 92263 iry{o�Chnllcngelom6rrow.com 740 323-4204 800 635-8661 FAX 760 320-6090 www,Cho lIengetomorrow.com FROM CRSA CODY COUNTRY INN PHONE NO. : 76O 325 8610 � O�4 `Ma6r. 17 200P. 04 04: 11PM P1 CHASE MANIIATTEN MORTGAGE ME].g0RANDUM TO: PRP 4K�19EI FROM. Thvr'_qcGUMB "JECT: PAI-V SPAPgGsS PURCI9AM DATE: 03/r/04 PAGES 2 Mx. Tyeep,pour loan approval fc.: the ptopext7 at 141 South Cahuilla,Palm Spbngs CA will be "Titita$ 4/13/2004. The ottipixw Al7ptocai ivas extended in Febntary and can cor be extended past tha 4/15/2.004 eF.p=tiarl date. I am cnrLadent that you will qualify for n new looLTL l can't assure you that the program and ntte rhat you a1:e cuxxeady apptovsd£ot wM be available if you have to apply for a vcw loan. Please ddo what tyyou can to dose tl:df loan by 4/15/2004. Tina McGuire Cam- FROM CRSR CODY COUNTRY INN PHONE NO. : 760 325 8610 Mar. 17 2004 04: 11PM P2 ra,�� lautseras,� Ma 17 �00d 1:3�25 P. 0-1 i CHASE CONDITIONO L APPROVAL LETTER RMILENTIAL FIRST MORTG Ct LOAN Date: 12/17/03 Loan Number: 1237048598 Frank 7 Tysm 15012 Del Ledo Dr Sherman Oaks,CA 914m Dear Frank T Tysen Thank you, for cousidcriag Chase for your current Bnancing needs, We arc pleased to iufom you f sat we axe able to issue a oonditional approval ("Approva")for yotiix residtatial first murappe application m Th(e amount of $318 000 for a Chase Agency 2 10/1 LIBOR ARM, 30 year w1'm, based upon the sub3det property being your second This kmraval is subject to the terms anil condition 1 set farth iu this letter and on tha attached Conditions page_ Please note that your credit bas been reviewed at an assumed jnterest rats of 5.6250A. You site not suarauuteed tliis interest rate. If this is a variable rate product, the interest rate identified is an iriiti rite and subject to p Tiodie change. If you have elected to lock in y-cur rate and points, please refer to your Look-ln ,Agreement and any addendum for specific terms. This Approval will expire on 0245/2094; hrwever, it may be extemded at Chase's sole clisoretim- If an extension is granted, it may be neces'sav to update or re-evaluate some or all of the credit infomariou origitally reviewed which may rosult m additional fees. Exteusiora of this Approval will not axten.d your. LQcl,-in Agreement,end your rates and points mey change, in order to obtain a Coma itaient from i Chas::, the conditions listed on tl s le-icx and on the attached Conditions page must be met to Chase's satisfaction. A Conuuatment will only be issued after the application has been &Uy processed and all information and dumnentatiom snbmi Ited has been verified. If Chase approves your hilly processed and verified mortgage request,you will be providad with a Commi ment,wlaich will superseda this.Approval. If there is sigmificant change in your Fananei al or credit condition or in any other information orovided to us, Chase reserves the 7k01 to cancel this Approval. This Approyal is subject to compliance with all fedcraf,state, and local lmrs, rules and regulations end the execution of ;ill doop 1tE11tiort required by Chase, It is Chase's policy not to make bigh•cost loans. Thutrfore,this Approval is srbjeel to Chase's determination that the loan is not a high-cost loam. Again,thank you for yy000r conffid=ce in Chase to provide your mortgage financing. We look forwa;-d to receiving the documcrntation and infoxination requested on t.ae attaehcd Conditions page and completing your mortgage transaction an a professional and personal mamter. Siaicere r Chase ElManhattan Mortgage Corporation El 72608 Pasco Palm Desert,CA 92260 Coud¢iw i Approval�Uuverir'kd�LbAb oft Page I of 2 CALM (10/03)orplam 05) �N/r e) 41 Mr. Mayor and council members, Mrs Winter fought the Redevelopment Agency in the 1990s and saved a large portion of the Terris Club area which has now become famous for it's small hotels and relaxed properties. For the past several years she has turned down offers from developers. Wanting to preserve the character and grounds of one of the few original 1930s house left, she feels that the Casa Cody is the most qualified buyer. We have painstakingly restored a tuna of the Cent. Adobe trying to keep it as authentic as possible And we have similar plans for this property. Left untouched for many years it needs sensitive restoration( it has no heat/no AC). We were due to close escrow on February I and we had financing as well as a work crew fined up. The City would now start to collect room tax. The Winter House may not be an architectural masterpiece but it is an original Spanish, an example of a Palm Springs getaway before pools, fast food chains and shopping centers. Would not we be better off with the original Desert Irm rather than the Fashion Plaza which has become an expensive embarrassment. We would now have charming boutiques in downtown Palm Springs and revenues from shopping. Once a historic building changes character it is gone and gone for ever. So many have been lost to date that it would be criminal to loose another. The Casa Cody is popular because it has spacious grounds and a low key relaxed atmosphere While we refer many guests to other hotels, the room rate requested is always under $200. A boutique hotel at a busy corner, facing a parking lot with a dense 2 story urbane construction has little chance of success. I would not invest in it. When did the city go into the business of Real Estate and speculation? Taking a property from one owner to benefit another seems to be a questionable practice. We do not intend to resell this house but to use it as an integral part of the Casa Cody Inn for our guests as well as making it available for public functions. It is about making Palm Springs a better place to live . Mrs Winter wants us to preserve this house. The city and neighborhood would benefit and we intend one way or other to continue her legacy and insure that the house, including interiors as well as the grounds are to be maintained and promptly restored to their original condition and style. Adding a pool would alter the character of the grounds and be in violation of escrow instructions. Therese Hayes •, Co-owner,The Casa Cody Inn B&B (7 175 S. Calruilla, � e Palm Springs,Ca. 92262 (760)320-9346 ! � rN h Question to: Mayor Oden and Members of the Council My name is Johanna Schenke, I'm a long-time Palm Springs resident. Last week we were told that, as the result of a closed-session discussion, this measure would have passed 3 to 2, had it been put to a vote. As one of the signatories of a letter read , I came to the council meeting fDr presevation, for 'ustice, and for non-governmental interference with matters concerning private citizens. I went away with only questions: a lot of whys. So, if the result is preconcluded, I will not petition, but will ask the questions. And I would like everyone here who has questions, to ask them of you, so that we can have a clear view of what is going on. It seemed the 3-2 decision was made only for economical reasons: that Mr. Wesman would generate revenue with 30 rooms and Casa Cody only 5. But why not decide to have your cake and eat it too? Did you think that Mr. Wesman, if he could not build his 30 rooms at this site, would not build his 30 rooms or 10 times 30-rooms, for that matter, elsewhere? Why take from Casa Cody their 9l way of adding 4 or 5 rooms to the revenue they are already generating for the city? Why isn't 35 rooms better than 5 or 30? Why was the council willing to vote for the measure when it seems that, at the time of the closed session and even at the time of the meeting, the city had not even had a concrete proposal from Mr. Wesman? Why was the matter discussed in closed session? I would hope the reason (though not a good one) was because a long evening was anticipated last week due to another justice issue being on the agenda. I say not a good reason because you don't save time at the expense of even only one citizen. - 2 - Why did no one speak for the measure last week? Isn't there anyone out there who thinks what you plan to do is the right thing? Why did Mr. Wesman not speak, or send someone. He doesn't care? Too small an issue for him? Or is it because the result was preconcluded? And why are you willing to risk litigation, walk into a can of worms. Is it really worth it? Besides, are the citizens of Palm Springs not more more important than the money? Why is the city playing reverse Robin Hood? Why break Mrs. Winter's heart? If there are good reasons, we would like to hear them. There is growing public sentiment as people become aware of this matter: and it is not restricted to people who live in the area concerned. So, why not take it to the people for a vote? In closing, I would like to emphasize this is not only about preservation or justice. Like the marriage issue, it involves ALL of us. It would set precedence for govenment intervention into private affairs. I am joined by the other signatories to the letter read last week. Will the council please answer these questions before voting on this matter. Thank you. March 24, 2004 RESOLUTION NO. OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, ACCEPTING A LOAN FROM THE CITY OF PALM SPRINGS AND APPROVING THE "FINANCING AGREEMENT AND PROMISSORY NOTE" IN THE AMOUNT OF FOUR HUNDRED TWENTY FIVE THOUSAND DOLLARS ($425,000) FOR THE PURCHASE OF A PROPERTY AT 141 SOUTH CAHUILLA ROAD, MERGED AREA#1 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 agency in the City of Palm Springs ("City"); and WHEREAS, on May 4, 1988, the Community Redevelopment Agency entered into a Settlement Agreement with Frances Winter ("Owner") related to eminent domain of a property at 141 South Cahuilla Road; and WHEREAS, pursuant to California Health and Safety Code Sections 33132 and 33601, the Agency is authorized to borrow money from other public agencies to fulfill its obligations; and WHEREAS, the Agency has executed a "Financing Agreement and Promissory Note" in the amount of FOUR HUNDRED TWENTY FIVE THOUSAND DOLLARS ($425,000); and NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment Agency of the City of Palm Springs that a loan for FOUR HUNDRED TWENTY FIVE THOUSAND DOLLARS ($425,000) from the City of Palm Springs to the Community Redevelopment Agency to acquire the property at 141 South Cahuilla Road from Owner is hereby accepted in the form of an "Agreement and Promissory Note," and be repayable from the ultimate resale of the property or tax increment accrued from Merged Project Area #1. ADOPTED this day of , 2004. AYES: NOES: ABSENT: ATTEST; COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA By Assistant Secretary Executive C Director REVIEWED &APPROVED P=(2 000 C