HomeMy WebLinkAbout0202C - WESSMAN DEVELOPMENT, PLAZA THEATRE John Wessman dba Wesman Dev Co
Ltr re Acq CRA Lease/Purch
Louise 's Pantry & Karen Korner
certain easements
AGREEMENT #202
Department of Tconomic Development R5962-1 89_R65_f�17-F-gy
(619) 323-8197 ; (619) 323-8259
TFAX (619) 323 3314
February 1, 1989
Mr. John Wessman
Wessman Development Co.
67-625 Highway 111
Cathedral City, CA 92234
RE: An Extension of Redevelopment Participation
Agreement dated November 2, 1988
Dear John:
The following will constitute the agreement between John Wessman doing
business as Wessman Development Company (Wessman) , and the Community
Redevelopment Agency of the City of Palm Springs (CRA) regarding the future
acquisition of Parcel 5 (Louise's Pantry) and a portion of Parcel 6 (Karen 's
Korner) and certain easement rights in accordance with the Redevelopment
Participation Agreement between Wessman and the CRA dated November 2,
1988, Section 3.4B and Section 3.5:
Point No. 1) Wessman will acquire the Palm Canyon commercial frontage
of the property known as Louise's Pantry, and Karen 's Korner, and lease
certain easement rights over the north corridor of the theatre, easement
rights over the entrance courtyard, and easement rights over the rear
access from the theatre to Indian Avenue, for four hundred thousand dollars
($400,000) at the end of the lease term of the Plaza Theatre lease/purchase
agreement. The acquisition of the commercial frontage shall include five
feet of courtyard adjacent to Louise' s Pantry and Karen 's Korner and shall
permit the use of the courtyard for dining purposes providing the use
does not interfere with passage to the theatre. (See Exhibit A. )
Point No. 2) The CRA will receive the lease payments made under the exist-
ing and new leases for Louise's Pantry and Karen 's Korner as adjusted,
amended or extended, during the term of the lease with Strebe.
Rost Office ]box 1786, Palm Springs, California 92263-1786
Mr. John Wessman
February 1, 1989
Page Two
Point No. 3) Wessman will provide equipment, labor, and materials to
the Redevelopment Agency at cost, for the remodelling of the Plaza Theatre
property for live theatre.
The aforementioned constitutes all the elements, to date, between Wessman
and the CRA and may be amended, from time to time by mutual consent.
Sincerely,
A"7
. FeAnstr
Director of Economic Development
KEF/ft
ACCEPTED:
By i
J HN WESSMAN dba
WESSMAN DEVELOPMENT COMPANY
APPROVED BY CRA BY
R596, 2-1-89
r
Chairman
DEC 1909
JOB ESS Y/A�JE!/ELO 47,4 �it/T gfn
KWL ASSOCIATES'1Fic. ,o/qr of ZMZ��s�,g- &J; z7 V, ,h sPziNcs
712 Eugene Road i
PALM SPRINGS, CALIFORNIA 92264 CALCOLATEo By PATE 6'-22-89
(714) 327-7786
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SC.g41 E /"_Z0 EXHIBIT A
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LEGAL DESCRIPTION
124 SOUTH PALM CANYON
THAT PORTION OF BLOCK 27 OF PALM SPRINGStAS SHOWN BY
MAP ON FILE IN BOOK 9 PAGE 432 OF MAPS, RECORDS OF
SAN DIEGO COUNTY, CALIFORNIA DESCRIBED AS FOLLOWS:
BEGINNING AT A POINT ON THE WEST LINE OF SAID BLOCK
27, DISTANT SOUTH 00008'00" EAST, 114.00 FEET FROM
THE NORTHWEST CORNER OF SAID BLOCK 27; THENCE ALONG
SAID WEST LINE, SOUTH 00008 '00" EAST, 29.00 FEET;"
THENCE PARALLEL WITH THE NORTH LINE OF SAID BLOCK
27, NORTH 89°52'00" EAST, 62.12 FEET TO THE FACE OF
THE EXISTING THEATER BUILDING, THENCE PARALLEL WITH
THE WESTERLY LINE OF SAID BLOCK 27, NORTH 00°08'00"
WEST, 29.00 FEET; THENCE PARALLEL WITH THE NORTH LINE
OF SAID BLOCK 27, SOUTH 89052100" WEST, 62.12 FEET TO
THE POINT OF BEGINNING.
KWL ASSOCIATES, INC.
May 30,1989
LEGAL DESCRIPTION
132 SOUTH PALM CANYON
THAT PORTION OF BLOCK 27 OF PALM SPRINGS, AS SHOWN BY
MAP ON FILE IN BOOK 9 PAGE 432 OF MAPS, RECORDS OF SAN
DIEGO COUNTY, CALIFORNIA, DESCRIBED AS FOLLOWS:
BEGINNING AT A POINT ON THE WEST LINE OF SAID BLOCK 27,
DISTANCE SOUTH 00008'00" EAST, 152.20 FEET FROM THE
NORTHWEST CORNER OF SAID BLOCK 27; THENCE ALONG SAID
WEST LINE OF BLOCK 27, SOUTH 00008'00" EAST, 23.50
FEET, THENCE PARALLEL WITH THE NORTH LINE OF SAID
BLOCK 27, NORTH 89052'00" EAST, 57.80 FEET; THENCE
PARALLEL WITH THE WEST LINE OF SAID BLOCK 27, SOUTH
00008'00" EAST, 7.10 FEET, THENCE PARALLEL WITH THE
NORTH LINE OF SAID BLOCK 27, NORTH 89"52'00" EAST,
4. 32 FEET TO THE LINE OF THE FACE OF THE EXISTING
THEATER BUILDING; THENCE ALONG SAID LINE PARALLEL
WITH THE WESTERLY LINE OF SAID BLOCK 27, NORTH
00°08'00" WEST, 30.60 FEET, THENCE PARALLEL WITH
THE NORTH LINE OF SAID BLOCK 27, SOUTH 89052'00"
WEST, 62.12 FEET TO THE POINT OF BEGINNING.
KWL ASSOCIATES, INC.
May 30,1989