HomeMy WebLinkAbout1/1/1997 - CRA RESOLUTIONS RESOLUTION NO. 1014
OF THE COMMUNITY REDEVELOPMENT .AGENCY OF THE
CITY OF PALM SPRINGS, CALIFORNIA,, AMENDING THE
BUDGET FOR THE 1996-97 FISCAL YEAR.
WHEREAS Resolution 1003 approving the budget for the fiscal year
1996-97 was adopted on June 26, 1.996; 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 1003 , adopting
the budget for the 3.996-97 fiscal year is hereby amended as
follows:
SECTION 1. ADDITIONS
FUND Activity Account Amount
No. 921 3401 Interest Income $25, 873
Title:
Plaza Theatre 118 Notes Receivable $725,251. 80
—
Purpose: To transfer the interest income and remaining principal
balance of the Monte Vista Hotel loan from Fund 811 to Fund 921.
SECTION 2 . SOURCE
FUND Activity Account Amount
No. 811 3401 Interest Income <$25, 873>
Title:
Central Business 118 Notes Receivable <$725, 251. 80
District Capital
Projects
Adapted this 22nd day of January 1997 .
AYES: Members Barnes, Hodges, Oden, Spurgin and Chairman Kleindienst
NOES: None .�S
ABSENT: None C % V1.1
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
OF HE CITY OF PALM SPRINGS
� t�c.
Secretary Chairman
RESOLUTION NO. 1015
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS, CALIFORNIA APPROVING THE
AN AMENDMENT TO THE OWNER PARTICIPATION
AGREEMENT WITH THE COACHELLA VALLEY HOUSING
COALITION REGARDING THE SELF-HELP PROGRAM IN
THE HIGHLAND . GATEWAY REDEVELOPMENT PROJECT
' AREA - - - - -- - - - - - - - - - -
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 sec . of the
California Health and Safety Code; and
WHEREAS, the funds are earmarked for the acquisition,
construction, rehabilitation, of affordable housing to benefit the
community; and
WHEREAS, by Agency Resolution No. 971 the Agency entered into
an Agreement with Coachella Valley Housing Coalition to participate
in the construction of 20 single-family homes for very low income
families in the Highland Gateway Redevelopment Project Area; and
WHEREAS, the Agency through the Owner Participation Agreement
agreed to contribute an amount not to exceed $625, 200 towards the
program to be used for the payment of city fees, technical
assistance, acquisition, relocation, demolition, and construction
from the housing setaside fund balance; and
WHEREAS, certain elements had contributed to the necessity of
' an amendment to the original OPA as approved through Resolution No.
971, Agreement No. A348C,
NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment
Agency of the City of Palm Springs, as follows:
Section 1. The Agency approves the first amendment to the
Owner Participation Agreement with the CCHV.
Section 2 . The Agency agrees to accept conveyance of fee
title to the three parcels of real property,
more particularly described on Exhibit "A",
attached to the first amendment to the Owner
Participation Agreement, approved by this
Resolution by recording a grant deed in the
Riverside County Recorder's office in the form
attached to said amendment.
Section 3 . Upon conveyance of title of the aforementioned
parcels 'to the Agency, the Agency shall cancel
the Promissory Note, secured by deed of trust
in the original principal amount of $250, 000.
Section 4 . The Agency agrees to accept a reduced payoff
of the Promissory Note previously entered into
with Lulu Stagg in exchange for Stagg's
execution of a Promissory Note in the amount
of $12, 940 secured by deed of trust, payable
on the sale of the property or transfer.
Section 5. The original agreement is hereby modified to
provide that only 11 instead of 20 residences
shall be constructed for sale to very ].ow
income families.
c°�
Resolution No. 1015
Page 2
Section 6. Upon execution of this agreement by both
parties and CVHC' s compliance of all terms and
conditions set forth in the original agreement
as modified by this amendment, the Agency
shall pay CVHC the balance of all sums owing
under the technical assistance grant in ,
accordance with Section 5 of the original
agreement.
Section 7 . The executive director or his designee is
hereby authorized to execute on behalf of the
Agency the first amendment of the Owner
Participation Agreement and all other
documents necessary to effectuate the
agreement and make minor changes as may be
deemed necessary in a form approved by the
Agency' s legal counsel.
ADOPTED this 19th day of March, 1997.
AYES: Members Barnes, HOdges, Oden, Spurgin and Chairman Kleindienst
NOES: None
ABSENT. None
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
r !� OF THE CITY OF PALM SPRINGS,
By: ` / J C L FO.RNI7�
Assistant Secret:arr
Can
REVIEAED & APPROVED
C.. CCL — cL -Y
RESOLUTION NO. 1016
OF THE COMMUNITY RE,DEVELOPMENT AGENCY
OF THE CITY OF PALM SPRINGS, CALIFORNIA
APPROVING THE FIRST AMENDMENT TO THE
DISPOSITION & DEVELOPMENT AGREEMENT WITH
' JOHN WE, SSMAN/DBA WE, SSMAN DEVELOPMENT CO.
IN REGARD TO THE "BULLOCKS-WILSHIRE," SITE,
PROVIDING FOR CHANGES IN CONFIGURATION OF
THE DEVELOPER PARCEL ,THE INCLUSION OF
A COMMON AREA EASEMENT AND REVISED PARKING
AND CONSTRUCTION SCIIEDULE REQUIREMENTS
WHEREAS the Agency has entered into a Disposition and Development
Agreement (DDA) with Wessman Development Company in regard to the
redevelopment of the former Bullocks-Wilshire property in Downtown Palm
Springs; and
WHEREAS the original DDA included provisions for the development of
residential condominiums over a parking structure on the Agency Parcel of
this .Agreement, and this residential development component was
independently determined by a separate residential developer to be not
feasible at this site; and
WHEREAS the removal of the residential component from the overall
redevelopment project now permits a reconfiguration of the Developer
Parcel and the provision for Improved leasable floor area dimensions as
well as the inclusion of certain common area easements which will permit
an improved and refined design of "Plaza Mercado" on this site, with
resulting economic development, access and aesthetic benefits to the
Agency and to the community; and
WHEREAS the estimated current market value of the net increase in
developable land area of the "Developer Parcel" resulting from this DDA
Amendment is $75,875, and the Developer has agreed to remove
development obligations of the Agency included in the Original DDA
estimated at a current value of $165,000 and this is also provided for in
this DDA Amendment; and
WHEREAS the Amended DDA and related CC&R's resolve parking and
construction scheduling details in response to the improved design of the
Mercado Plaza.
NOW THEREFORE BE IT RESOLVED by the Community Redevelopment
Agency of the City of Palm Springs that the First Amendment to the
Disposition and Development Agreement with Wessman Development
Company is hereby approved.
ADOPTED this 18th day of June, 1997.
AYES: Members Barnes, Oden, Spurgin and Chairman Kleindienst
NOES: None
ABSENT: None
ABSTAIN: Hodges
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
CITY OF PALMSPRINGS, CALIFORNIA
BY
Assistant Secretary Chairman
REVIEWED AND APPROVED ° ��
RESOLUTION NO. 1017
OF THE COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF PALM SPRINGS, CAL,IFORNIA
APPROVING AN OWNER PARTICIPATION
AGREEMENT BY & AMONG THE CITY OF PALM
SPRINGS, THE REDEVELOPMENT AGENCY AND
RICHARD AND PATRICIA SERVICE IN REGARD TO
THE EXPANSION OF THE LAS CASUELAS
TERRAZA RESTAURANT LOCATED AT 222 NORTH
PALM CANYON DRIVE IN DOWNTOWN PALM
SPRINGS
WHEREAS the Agency and Florencio and Mary Delgado entered into an Owner
Participation Agreement on July 20, 1977 for the initial development of Las Casuelas
Terraza Restaurant at 222 North Palm Canyon Drive, as well as subsequent
amendments to that Agreement; and
WHEREAS Las Casuelas Terraza continues to be a highly successful business in
Downtown Palm Springs and has a need to expand the original restaurant facilities in
order to accomodate its increased business; and
WHEREAS the adjacent land parcels required to implement this expansion project are
currently owned by the City of Palm Springs and the Community Redevelopment
Agency of the City of Palm Springs; and
WHEREAS the Palm Springs Planning Commission has approved an expansion plan
for Las Casuelas Terraza involving parcels currently owned by the City, and the
Agency and which the Participant is willing to acquire at the currently appraised real
estate values; and
WHEREAS this proposed restaurant expansion is adequately addressed within an
Owner Participation Agreement format.
NOW THEREFORE BE IT RESOLVED by the Community Redevelopment Agency of
the City of Palm Springs that the "Owner Participation Agreement by and among the
City of Palm Springs, the Community Redevelopment Agency of the City of Palm
Springs and Richard and Patricia Service" be approved.
ADOPTED this 18th day of June, 1997.
AYES: Members Barnes, Hodges, Oden, Spurgin and Chairman Kleindienst
NOES: None
ABSENT: None
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
CITY OF PALM SPRINGS, CALIFORNIA
Bye,
Assistant Secretary Chairman
REVIEWED AND APPROVED
RESOLUTION NO. 1018
OF THE COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF PALM SPRINGS, CALIFORNIA
APPROVING AN "EXCHANGE AGREEMENT AND
JOINT ESCROW INSTRUCTIONS BY AND
BETWEEN THE TRUSTEES OF THE PIROZZI
' FAMILY TRUST AND THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF
PALM SPRINGS" IN REGARD TO REAL PROPERTY
IN BLOCI{ 23, LOT 5 IN PALM SPRINGS.
WHEREAS City Council has reviewed a Managed Parking Program Feasibility
Analysis prepared by Keyser Marston and Associates which recommended that an
expanded public parking lot of approximately 53 spaces be developed in the 300 north
block of Palm Canyon Drive in downtown Palm Springs; and
WHEREAS City Council reviewed this report at its Study Session of March 12, 1997
and gave direction to staff to pursue the land acquisition, design and subsequent
development of this parking lot; and
WHEREAS the parcels required to implement this project are currently owned by the
Community Redevelopment Agency of the City of Palm Springs and the Pirozzi Family
Trust; and
WHEREAS a Lot Line Adjustment and Exchange Agreement between these parties is
required in order that the Agency will become the owner of the proper size acid
configuration of a parcel in order to develop a 53 space parking lot at this location; and
WHEREAS this parcel acquisition and reconfiguration can be accomplished at no
additional land acquisition cost to the Agency; and
WHEREAS when the owner is prepared to develop the properly, he will provide a
development plan and obtain an Owner Participation Agreement.
NOW THEREFORE BE IT RESOLVED by the Community Redevelopment Agency of
the City of Palm Springs that the "Exchange Agreement and Joint Escrow Instructions
By and Between the Trustees of the Pirozzi Family Trust and the Community
Redevelopment Agency of the City of Palm Springs" be approved subject to (1) the
recordation of the declaration of restrictions, and (2) the requirement that prior to
development the owner shall obtain approval of an Owner Participation Agreement to
develop the properly in accordance with the redevelopment plan.
ADOPTED this 18th day of June, 1997.
AYES: Members Barnes, Hodges, Oden, Spurgin and Chairman Kleindienst
NOES: None
ABSENT:None
' ATTEST: COMMUNITY REDEVELOPMENT AGENCY
CITY OF PALM SPRINGS, CALIFORNIA
'Assistant Secretary � Chairman
REVIEWED AND APPROVED d JLP' �" v
RESOLUTION NO.101.9
OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF PALM SPRINGS,
CALIFORNIA APPROVING A BUDGET FOR
THE COMMUNITY REDEVELOPMENT FUND FOR
THE FISCAL YEAR 1997-98
WHEREAS, a budget for the fiscal year 1997--98 has been prepared by ,
the Community Redevelopment Agency Redevelopment Di-rector and the
Agency Treasurer; and
WHEREAS, the Community Redevelopment Agency has examined said
budget and conferred with the Community Redevelopment Agency
Director; and
WIIEREAS, the Community Redevelopment Agency, after due deliberation
and consideration, agrees with the budget recommended, including
the Community Redevelopment Agency ,Administrative Fund budget,
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 amouit of $5, 402, 434 be
approved for the following purposes
Capital Debt
& Admin. Service
Central Business District $ 215, 891. $ 941, 479
Tahquitz Andreas 69, 327 858, 190
South Palm Canyon 95, 616 159, 615
Ramon Bogie 9, 296 388, 11.1.
Oasis 3, 184 1.16, 673
North Palm Canyon 128, 843 187, 760
Highland Gateway 39, 389 30, 280
Baristo Farrell 55, 428 486, 030
City-wide 31, 761 343, 041
Canyon Development 24, 269 311, 166
Low & Mod. Income Housing 219, 061 505, 624
Plaza Theater 182, 400 096
$1, 074, 465 $4, 327, 9
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 .
Section 3 . That disbursement of funds from the CommuniL'y
Redevelopment Agency Redevelopment Fund may be made
without prior audit or approval of the Community
Redevelopment Agency, provided it is in conformity
with a properly adopted budget.
ADOPTED this 2nd day of July 1997
AYES: Members Barnes, Hodges, Qden, Spurgin & Chairman Kl eindienst
NOES: None
ABSENT: None
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
CITY OF PALM SPRINGS, CALIFORNIA
`\ �" h f'
-Assistant Secretary Chairman
REVIEWED & APPROVED _'�"'
RESOLUTION NO. 1020
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS, CALIFORNIA, FINDING THAT
SAID IMPROVEMENTS ARE OF BENEFIT TO THE
BARISTO-FARRELL AND AREA NUMBER 9
REDEVELOPMENT PROJECT AREAS AND APPROVING
' BUDGETS FOR PALM SPRINGS UNIFIED SCHOOL
DISTRICT, COLLEGE OF THE DESERT AND RIVERSIDE
COUNTY SUPERINTENDENT OF SCHOOLS IMPROVEMENTS.
WHEREAS the Community Redevelopment Agency of the City of Palm Springs and
the Palm Springs Unified School District, College of the Desert and Riverside
County Superintendent of Schools ("Agencies") entered into agreements to
allocate certain funds from the Baristo-Farrell and Area Number 9
Redevelopment Project Areas to construct certain eligible capital
improvements to facilities which benefit the areas; and
WHEREAS pursuant to these agreements, the Agencies have submitted budgets for
fiscal year 1996-97 for the following:
Project Area
Agency Baristo-Farrell No. 9
Palm Springs Unified $35, 363 $18 , 446
College of the Desert 10,209 4 , 704
County Superintendent 5, 554 0
WHEREAS the proposed budgets are eligible expenditures as outlined in the
agreements.
' NOW THEREFORE be it resolved that the Community Redevelopment Agency of the
City of Pala Springs, California, does hereby resolve the following:
SECTION 1. The proposed improvements identified in the
proposed budgets are hereby found to be of
benefit to the Baristo-Farrell and Area Number
9 Redevelopment Project Areas and its
residents and businesses.
SECTION 2 . The proposed budgets submitted by the Agencies
are hereby approved.
ADOPTED THIS 2nd day of July _ 1997
AYES: Members Barnes, Hodgeq Oden, Spurgin & Chairman Kleindienst
NOES: None
ABSENT: None
ABSTAIN: Member Oden abstained related to College of the Desert
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
C TY OF PALM ScPRINGS, CALIFORNIA
A'sslstant Secretary Chairman
REVIEWED AND APPROVED AS TO FORM:
RESOLUTION NO. 1021
OF THE COMMUNITY REDEVELOPMENT .AGENCY OF THE
CITY OF PALM SPRINGS, CALIFORNIA, APPROVING A
DISPOSITION DEVELOPMENT AGREEMENT WITH VISTA
CHINO SENIOR HOUSING, INC.
WHEREAS, the Community Redevelopment Agency of the City of ,
Palm Springs (Agency") is constituted under the Community
Redevelopment Law (California Health and Safety Code §33000, et.
seq. ) to carry out the purposes of Redevelopment in the City of
Palm Springs ("City") , and
WHEREAS, on December 29, 1988, by Ordinance No. 1321, the City
Council of the City of Palm Springs Approved and Adopted a
Redevelopment Plan for Project Area No. 9 (the "Plan") ; and
WHEREAS, Agency staff has negotiated a Disposition Development
Agreement (the "Agreement") with Vista Chino Senior Housing, Inc. ,
(aka Cooperative Services, Inc.!) , a non-profit corporation,
("Developer") , pursuant to which the Agency is to sell the
Developer certain real property within the Project Area consisting
of 2 . 72 acres of vacant land for the purpose of constructing a 52-
Unit Affordable Senior Housing Apartment Project; and
WHEREAS, the purpose of the Agreement is to effectuate the
Redevelopment Plan for Project Area by improving the site within
the Project Area as well as assisting in providing adequate housing
affordable to very low income senior households (50% of median)
within the City. The development of project on the site is in the
best interest of the Project Area, the City and the welfare of its
residents, and is in accordance with the public purposes and
provisions of applicable Federal, State, Local Laws, and
Regulations, under which the Project has been undertaken and is
being assisted;
NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment
Agency of the City of Palm Springs as follows::
Section' 1'. The recitals above are true and correct and
are .incorporated herein.
Section 2 . The Agency does hereby find and determine as
follows:
A. The Agreement effectuates the purpose of
the plan ' and it is in the highest and
best interest of the City of Palm Springs
and that the Agreement: is intended to
result in the development of a affordable
senior housing project.
B. 'The Agreement effectuates the purpose of
the Community Redevelopment Law by
providing' affordable housing to its
residents.
C. It is determined that: the property shall
be sold for $405, 000 as determined by
a sisal.
pp
D. The Agency shall provide a subsidy not to
exceed $L15 , 000 for construction costs
disallowed by HUD, if necessary. r;
Cio
,• ° c.
�',
Resolution No. 1021 Cre, —OL `
Section 3 . The Agreement is hereby approved and
incorporated herein by this reference.
Section 4 . Agency Staff is hereby authorized and directed
to take any appropriate actions consistent
' with the purpose of this Resolution.
Section 5 . The Executor Director, or his designee, is
hereby authorized to execute on behalf of the
Agency the Agreement and all other documents
necessary to effectuate the Agreement and to
make minor changes as may be deemed necessary
in a form approved by the City Attorney.
ADOPTED this 16th day of July, 1997.
AYES: Members Barnes, Hodges, Oden and Chairman Kleindienst
NOES: None
ABSENT: None
ABSTAIN: Member Hodges
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
OA THE CITY OF PALM SPRI GS
B �_ �.! . �
As'sa'stant Secretary '9 airman
REVIEWED & APPROVED �1 �'O�•
RESOLUTION NO. 1022
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE
BUDGET FOR THE 1996-97 FISCAL YEAR.
WHEREAS Resolution 1003 approving the budget for the fiscal year
1995-96 was adopted on June 26, 1996; 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 1003 , adopting
the budget for the 1996-97 fiscal year is hereby amended as
follows:
SECTION 1. ADDITIONS
FUND Activity .Account Amount
No. ill 116 $50, 000. 00
Title: Redevelopment
General Fund Agency Loans
Receivable
Purpose: Pay back balance of October, 1957 loan from General Fund at 9%.
SECTION 2 . SOURCE Excess funds from Tax Increment have accunulated in Fund Balance.
FUND Activity Account Amount
No. 847 0186 4655 $50, 000. 00
Title:
Highland-Gateway Highland-Gateway City Loan
Debt Service Principal,
I
Adopted this 16th day of July, 1997 •
AYES: Members Barnes, Hodges; Oden, Spurgin and Chairman
Kleindienst
NOES:
ABSENT:
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
0 HE C_TY, OF PALM SPR NGS
tg
By ' '
i9 , Secretary Chairman
RESOLUTION NO. 1023
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE
BUDGET FOR THE 1996-97 FISCAL YEAR.
WHEREAS Resolution 1003 approving the budget for the fiscal year
' 1995-96 was adopted on June 26, 1996; 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 1003 , adopting
the budget for the 1996-97 fiscal year is hereby amended as
follows:
SECTION 1. ADDITIONS
FUND Activity Account Amount
No. 819 301 $50, 000. 00
Title: Fund Balance
Project Area #9 Receivable
Capital Project
Purpose: New loan to Redevelopment Project Area #9 at 6% to cover
on-going administrative costs.
SECTION 2 . SOURCE Project Area #9 is concurrently paying back
$50, 000. 00 on an October, 1987 loan.
FUND Activity Account Amount
No. 111 116 $50, 000. 00
Title:
Genera]. Fund Redevelopment
Debt Service Agency Loan
Receivable
Adopted this 16th day of July 1997 .
AYES: Members Barnes, Hodges, Oden, Spurgin and Chairman
Kleindienst
NOES:
ABSENT:
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
OF HE CI Y OF PALM SPRThNGS
By
Secretary Chairman
RESOLUTION NO. 1024
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE
BUDGET FOR THE 1996-97 FISCAL YEAR.
WHEREAS Resolution 1003 approving the budget for the fiscal year
1995-96 was adopted on June 26, 1996; 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 1003, adopting
the budget for the 1996-97 fiscal year is hereby amended as
follows:
SECTION 1. ADDITIONS
FUND Activity Account Amount
No. ill 116 $260, 000. 00
Title: Redevelopment
General Fund Agency Loans
Receivable
Purpose: Pay back portion of May, 1995 loan from General Fund at
6%.
SECTION 2 . SOURCE Excess funds from Tax Increment have accumulated
in Fund Balance
FUND Activity Account Amount
No. 841 0180 4655 $260, 000. 00
Title:
Central Business Central Business Principal
District Debt District
service
Adopted this 16di day of July 1997 .
AYES: Members Barnes, Hodges, Oden, Spurgin and Chairman
Kleindienst
NOES:
ABSENT:
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
OF T E CITY OF PALM SPRI GS
By
c'-Secretary Chairman
RESOLUTION NO. 1025
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE
BUDGET FOR THE 1996-97 FISCAL YEAR.
WHEREAS Resolution 1003 approving the budget for the fiscal year
' 1995-96 was adopted on June 26, 1996; 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 1003 , adopting
the budget for the 1996-97 fiscal year is hereby amended as
follows:
SECTION 1. ADDITIONS
FUND Activity Account Amount
No. 815 301 $10, 000. 00
845 301 50, 000. 00
Title: Fund Balance
Oasis
Purpose: New loan to Oasis Redevelopment Project Area #9 at 6% to
cover on-going administrative and debt service costs.
SECTION 2 . SOURCE Central Business District is concurrently paying
back $260, 000. 00 on a May, 1995 loan.
FUND Activity Account Amount
No. ill 116 $60, 000. 00
Title:
General Fund Redevelopment
Agency Loans
Receivable
Adopted this 16th day of _ July . 1997 .
AYES: Members Barnes, Hodges, Oden, Spurgin and Chairman
Kleindienst
NOES:
ABSENT:
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
OF THE CITYr�`OF PALM SPRI GS
CA
By
C=ate Secretary Chairman
RESOLUTION NO. 1026
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE
BUDGET FOR THE 1996-97 FISCAL YEAR.
WHEREAS Resolution 1003 approving the budget for the fiscal year
1996-97 was adopted on June 26, 1996; 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 1003 , adopting
the budget for the 1996-97 fiscal year is hereby amended as
follows:
SECTION 1. ADDITIONS
FUND Activity Account Amount
No. 811 301 $200, 000.00
Title: Central Fund Balance
Business District
Capital Project
Purpose: New loan to Central Business District Redevelopment Project
Area to cover on-going administrative cost at 6%
SECTION 2 . SOURCE Central Business District is concurrently paying
back $260, 000. 00 on a May, 1995 loan.
FUND Activity Account Amount
No. ill 116 $200, 000. 00
Title: Redevelopment
General Fund Agency Loans
Receivable
Adopted this 16th day of July . 1997.
AYES: Members Barnes, Hodges, 0den, Spurgin and ,Chairman Kleindienst
NOES:
ABSENT:
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
IOF HE CITY OF PALM SPR NGS
By
Assistant Secretary Chairman
REVIEWED AND APPROVED AS TO FORM
RESOLUTION NO. 1027
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE
BUDGET FOR THE 1996-97 FISCAL YEAR.
WHEREAS Resolution 1003 approving the budget for the fiscal year
1995-96 was adopted on June 26, 1996; 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 1003 , adopting
the budget for the 1996-97 fiscal year is hereby amended as
follows:
SECTION 1. ADDITIONS
FUND Activity Account Amount
No. ill 116
$ 50, 000. 00
Title: Redevelopment
General Fund Agency Loans
Receivable
Purpose: Pay back a portion of October, 1987 Loan From General Fund
at 90.
SECTION 2 . SOURCE
FUND Activity Account Amount
No. 849 0188 4655
$ 50, 000.00
Title:
Project Area #9 Project Area #9 Principal
Agency Loans
Receivable
Adopted this 161:h day of July 1997 .
AYES: Members Barnes, Hodges, Oden, Spurgin and Chairman
Kleindienst
NOES:
ABSENT:
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
0 THE CITY OF PALM SP INGS
BY-
S�cre ,ary Caaarman
RESOLUTION NO. 1028
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE,
CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE
BUDGET FOR THE 1996-97 FISCAL YEAR.
WHEREAS Resolution 1003 approving the budget for the fiscal year
1995-96 was adopted on June 26, 1996; 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 1003 , adopting
the budget for the 1996-97 fiscal year is hereby amended as
follows:
SECTION 1. ADDITIONS
FUND Activity Account Amount
No. 817 301 $ 50, 000. 00
Title:
Highland-Gateway Fund Balance
Capital Project
Purpose: New loan to Highland-Gateway Redevelopment Project Area to
cover on-going administration costs at 6% .
SECTION 2 . SOURCE Highland-Gateway Redevelopment Project Area is
concurrently paying back $50, 000. 60 on an October, 1997 loan.
FUND Activity Account Amount
No. ill 116 $ 50. 000. 00
Title:
General Fund Redevelopment
Agency Loans
Receivable
Adopted this 16th day of July 1997 .
AYES: Members Barnes, Hodges, Oden, Spurgin and Chairman
Kleindienst
NOES:
ABSENT:
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF PALM SPRING
� u
Chairman
RESOLUTION NO. 1029
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY
OF PALM SPRINGS, CALIFORNIA, APPROVING CONTINUING
APPROPRIATIONS FROM FISCAL YEAR 1996-97 TO THE FISCAL
YEAR 1997-98.
WHEREAS the Community Redevelopment Agency of the City of Palm Springs has adopted a
budget for the 1996-97 fiscal year; and
WHEREAS certain projects budgeted in the 1996-97 fiscal year budget have been started but 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 Community Redevelopment Agency of the
City of Palm Springs hereby authorizes the carrying forward to the nearest dollar, as continuing
appropriations into the 1997-98 fiscal year, the amount indicated or the final audited
unencumbered balances, whichever is the lesser amount, as of June 30, 1997 of the following
accounts:
ACCOUNT NO. ACCOUNT TITLE AMOUNT
811-0180-7144 Vineyard Parking Lot $ 8,100
' 811-0180-7986 Las Casuelas Terraza 350
813-0182-7931 Heritage Trail Local Match 10,409
813-0182-7934 Low hrterest/Revolving Loan Program 58,000
816-0185-7935 Heritage Trail Supplement/Link 1,550
816-0185-7938 Baimer/Arch Gateway Element 8,956
816-0185-7973 Desert Shadows Project 87,598
816-0185-8040 Frances Stevens Festival Center 197,693
817-0186-7940 Commercial Rehab Construction 80,000
902-0181-7942 Section 202 Senior Housing 31,920
902-0181-7949 HOME Program 259,729
902-0181-8039 RCON Program 7,400
902-0181-8043 Ramon Road Apartments 12,779
All appropriations approved subsequent to passage of this resolution, but prior to the end of the
1996-97 year.
ADOPTED this 30 day of July 1997.
AYES: Members Barnes, IlOdges, Oden, Spurgin and Chairman Kleindienst
NOES: None
ABSENT: None
' ATTEST: COMMUNITY REDEVELOPMENT AGENCY
OF TRCITY.QFKPAALM,,,SP.RINGS
Asst. Secretary Chairman
REVIEWED & APPROVED
RESOLUTION NO. 1030
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS, CALIFORNIA, APPROVING
CONTRACT SERVICES AGREEMENT WITH SANBORN A/E
INC. IN THE AMOUNT OF$13,400 FOR THE PREPARATION
OF DESIGN AND CONSTRUCTION DOCUMENTS FOR AN
IMPROVED PUBLIC PARKING LOT WHICH IS TO BE BUILT
ADJACENT TO THE 'PLAZA MERCADO COMMERCIAL
COMPLEX IN DOWNTOWN PALM SPRINGS.
WHEREAS on June 18, 1997, the Palm Springs Redevelopment Agency approved a First
Amendment to an existing Disposition and Development Agreement by and between the Agency
and Wessman Development Company In regard to the development of`Plaza Mercado",
WHEREAS Wessman has the right, under the Amended DDA, to offer a price for which the
surface parking improvements on the Agency Parcel will be constructed, and the Agency has the
right to permit Wessman to construct these improvements concurrently with the construction
of Mercado Plaza.
WHEREAS The Agency retains the responsibility to design the public parking lot to City
standards and to provide construction documents for that facility.
AND WHEREAS Sanborn A/E, Inc, of Palm Springs is the design/engineering firm selected by
Wessman Development Company to perform site civil engineering work on the Plaza Mercado
property.
NOW BE IT RESOLVED by the Community Redevelopment Agency of the City of Palm Springs as
follows:
Approve a Contract Services Agreement with Sanborn A/E Inc. in
the amount of $13,400.00 for the preparation of design and
construction documents for an Improved public parking lot which
is to be built adjacent to the 'Plaza Mercado' commercial complex
In downtown Palm Springs.
ADOPTED this 3rd day of September 1097,
AYES: Members Barnes, Oden, Spurgin and Chairman Kleindienst
NOES: None
ABSENT: None
ABSTAIN: Member Hodges
ATTEST: COM U TYRED VE P ENT AGENCY
e.` ' `. , �
LAs'slstant Secretary Chairman
REVIEWED &APPROVED AS TO FORM
,�(Or.
RESOLUTION NO. 1031
OF THE COMMUNITY REDEVELOPMENT AGENCY, OF
THE CITY OF PALM SPRINGS, CALIFORNIA, TO
GRANT FUNDS TO COACHELLA VALLEY HOUSING
COALITION FOR ACQUISITION AND REHABILITATION
OF AFFORDABLE HOUSING, SUBJECT TO
SATISFACTION OF CERTAIN CONDITIONS.
- - - - - - - - - - - -
WHEREAS, the Community Redevelopment Agency of the City of Palm Springs, California
("Agency") is constituted under the Community Redevelopment Law to assist in the creation of
affordable housing within the City of Palm Springs (the "City"); and
WHEREAS, the Coachella Valley Housing Coalition, a California nonprofit corporation (the
"Developer") has requested that the Agency grant Developer approximately $130,000 in
redevelopment funds which will be used to acquire three (3) vacant lots located at Avenida Caballeros
and Cottonwood Road within the City and to develop single family residential homes either on a for
sale basis or lease with option to purchase to low income households; and
WHEREAS, Developer has also requested that the Agency grant Developer up to $350,000 in
redevelopment funds for purposes of providing a rental rehabilitation program in the
Cottonwood/Chuckwalla neighborhood. Of the $350,000, approximately $250,000 is being requested
for acquisition of existing vacant properties to be rehabilitated for special needs housing and
' approximately $100,000 for funding loans for the rehabilitation of privately owned affordable
apartment housing; and
WHEREAS, Developer is submitting an application on or before October 14, 1997 to the State of
California Department of Housing and Community Development ("HCD") for an amount not to exceed
$1,000,000 in fimds under the HOME Program for the projects described above ("HOME
Application");
NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment Agency of the City of
Patin Springs, California, as follows:
SECTION 1. That the above recitals are true and correct and incorporated herein.
SECTION 2. That the Agency does hereby find and determine that the Developer's proposal
effectuates the proposes of the Redevelopment Plan by providing affordable housing
within the City and alleviating conditions of blight, and is in the best interests of the
residents of the City.
SECTION 3. The Developer's request for the grant of funds described herein is approved subject to
the following conditions:
A. Developer obtains the grant of funds from HCD as submitted in its HOME
' Application dated October 14, 1997.
B. Developer and the Agency negotiate and execute a Housing Development
Agreement (the "Agreement") documenting the terms and conditions under
R1031
Page 2
which the Agency shall grant Developer the funds requested herein, which
terms and conditions shall be acceptable to the Agency and the Agency
Counsel.
Said grant fiords shall be payable only if the foregoing; conditions are satisfied and in
accordance with the terms of said Agreement, when negotiated.
ADOPTED this 8th day of October, 1997.
AYES: Members Barnes, Hodges, Oden, Spurgin
NOES: Chairman Kleinienst
ABSENT: None
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
CITY OF PAP`R�IN�G.!'i, CA .IFORNIA
cir BY
fit• Secretary Chairman
REVIEWED AND APPROVED: � �
RESOLUTION NO. 1032
OF THE COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF PALM SPRINGS, CALIFORNIA
APPROVING THE SECOND AMENDMENT TO THE
DISPOSITION & DEVELOPMENT AGREEMENT WITH
' JOHN WESSMAN /DBA WESSMAN DEVELOPMENT
COMPANY IN REGARD TO THE "BULLOCKS-
WILSHIRE" SITE, PROVIDING FOR CHANGES IN THE
SCHEDULE FOR PERFORMANCE AND RELATED
LIQUIDATED DAMAGES
WHEREAS, the Agency has entered into a Disposition and Development Agreement
(DDA), approved on July 7, 1992, with Wessman Development Company in regard to
the redevelopment of the former Bullocks-Wilshire property in Downtown Palm
Springs: and
WHEREAS, the original DDA was previously amended on June 18, 1941, in order to
further refine detailed provisions of the DDA; and
WHEREAS, the Agency and Developer now desire to further amend the DDA to,
among other things, modify the Schedule of Performance (Exhibit "D") and the times
which certain activities must commence and be completed, and providing for certain
penalties for failure of such items to be completed within this schedule; and
' WHEREAS, none of the changes in the Second Amendment will affect the information
or conclusions stated in the Summary Report, as amended, as the Second Amendment
does not modify the project in any manner except for the timing of construction.
NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment of the
City of Palm Springs that the Second Amendment to the Disposition and Development
Agreement with Wessman Development is hereby approved.
ADOPTED this 5th day of November, 1997.
AYES: Members Barnes, Oden and Spurgin
NOES: Chairman Kleindienst
ABSENT:
ABSTAIN: Member Hodges
COMMUNITY REDEVELOPMENT AGENCY
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
Assistant Secretary Chairman
REVIEWED AND APPROVED
RESOLUTION NO. 1033
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS APPROVING AN AGREEMENT
WITH THE HOUSING AUTHORITY OF RIVERSIDE
COUNTY AGREEING TO PAY A LUMP SUM PAYMENT
IN THE AMOUNT OF $350,000 AND TERMINATING A
PLEDGE AGREEMENT, IN REGARDS TO THE 1988
$99,500, 000 HOUSING AUTHORITY REVENUE
BONDS.
WHEREAS, in October, 1988 the Housing Authority of Riverside
County (Authority) issued $99, 500, 000 of tax--exempt revenue bonds
to be used to finance the acquisition by the Authority of
affordable multi-family rental housing units within the cities of
Palm Springs, Palm Desert and Corona; and
WHEREAS, on September 8, 1988„ by Resolution No. 558, the Palm
Springs Community Redevelopment Agency (Agency) entered into a
Pledge Agreement with the Authority to assist: in the repayment of
the bonds in exchange for furthering its affordable housing
program; and
WHEREAS, under the aforementioned Pledge Agreement, the Agency
agreed to contribute an initial up-front pledge of $225, 000 and
continue to pay $2,000 per year, per unit, acquired by the
Authority thereafter until the year 2018; and
WHEREAS, the Authority acquired three (3) multi-family
apartment development within the City of Palm Springs. These
developments included the Calle de Carlos Apartments located at
3989 and 3721 Calle de Carlos (four units each, respectively) , and
the Racquet Club Apartments located at 2383 Racquet Club Road (9
units) ; and
WHEREAS, the net operating income from the projects purchased
by the Authority with the proceeds of the Bonds has been
insufficient to pay debt service with respect to the Bonds. As a
result, the Authority is implementing a financial restructuring
plan to redeem the Bonds and to sell the projects; and
WHEREAS, as a part of this financial restructuring, the Agency
has agreed to make a one-time lump sum payment to the Authority in
exchange for the Authority's agreement to terminate the Pledge
Agreement; and
WHEREAS, the Authority intends to sell the projects acquired
in the City of Palm Springs with, the proceeds of the Bonds to a
public or private agency. As a condition of sale, the Authority
shall record against such projects a Regulatory Agreement which
binds the purchaser(s) of the projects and their successors to
continue to restrict the occupancy of the units in accordance with
the terms of the existing Regulatory Agreement executed by the
Authority in connection with the purchase of such projects until
the year 2018, thus protecting the Agency's pledge investment.
Three of the 17 units will be setaside as ]Low income affordable '
rental units.
NOW, THEREFORE, THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY
OF PALM SPRINGS, DOES HEREBY RESOLVE the following:
Res. No. 1033
Page 2
Section 1. The Agency will make a lump sum payment of $350, 000
to the Authority which the Authority will use to
defease a portion of the Bonds. Upon such use by
the Authority of the $350,000, the Agency's
obligations under the Pledge Agreement will be
fully discharged. In the event the Authority is
unable to defease the Bonds within 15 days
' following such payment by the Agency, the Authority
will return such $350, 000, together with any
interest earned thereon, to the Agency.
Section 2. The Authority and the Agency hereby agree that the
Pledge Agreement is hereby terminated, shall be of
no further force and effect and that neither the
Authority nor the Agency shall have any further
rights or obligations thereunder.
Section 3 . The Authority intends to sell the 17-units in Palm
Springs with the proceeds of the Bonds to a public
or private agency and hereby consents to such
transfer and will execute any further documents
needed by the Authority to effect such a transfer.
Any proceeds from the sale shall be returned to the
Agency.
Section 4. The parties agree that the Authority may at any
time sell the projects purchased by the Authority
within the City of Palm Springs with the proceeds
of the Bonds, so long as the Authority records
against such projects a Regulatory Agreement, in a
form approved by the City attorney which binds the
purchaser(s) of the projects and their successors
' to continue to restrict the occupancy of the units
in accordance with the terms of the existing
Regulatory Agreement executed by the Authority in
connection with the purchase of such projects.
Such restrictions shall continue until 2018.
Section 5. The Agency hereby authorizes the Executive Director
and Assistant Secretary to sign any and all
documents related to this matter in a form
acceptable to the City Attorney.
ADOPTED this 3rd day of December, 1997.
AYES: Members Barnes, Hodges, Oden, Spurgin and Chairman Kleindienst
NOES: None
ABSENT: None
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
OF' THE CITY OF PALM SPRINGS,
By: CAL F RNI
'As'sistant Secretary
Chairman
REV,I/EW/ED & APPROVED
RESOLUTION NO. 1034
OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF PALM SPRINGS,
CALIFORNIA AMENDING THE BUDGET FOR
THE 1997-98 FISCAL YEAR
WHEREAS, Resolution 1019, approving the budget for the fiscal
year 1997-98 was adopted on July 2; 1997; and
WHEREAS, the Executive Director has recommended, and the
Community Redevelopment 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 1019, adopting
the budget for the 1997-98 fiscal year is hereby amended as
follows :
SECTION l . ADDITIONS
FUND ACTIVITY ACCOUNT AMOUNT
No. 902 0181 7298 $350, 000
Title:
L/M Housing Self Help
Housing
Purpose: Cash-out of Agency obligation under Housing Authority of
Riverside County Revenue Bonds, Issue A of 1988 .
SECTION 2 . SOURCE
FUND ACTIVITY ACCOUNT AMOUNT
No. 902 301 $350, 000
Title:
Housing Set Fund Balance
Aside
ADOPTED this 3rd day of December 1997
AYES : Members Barnes, Hodges , Oden, Spurgin and Chairman Kleindienst
NOES : None
ABSENT: None
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
CI Y OF PALM 5 RINGS, CALIFORNIA
�_ ssistant Secretary Chairman
REVIEWED & APPROVED I
RESOLUTION NO. 1035
OF THE COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING
A LOAN AND AN AMENDMENT TO AN OWNER
PARTICIPATION AGREEMENT FOR A PROJECT IN THE
HIGHLAND-GATEWAY COMMERCIAL IMPROVEMENT PROGRAM
- - - - - - - - - - - - - -
' WHEREAS the City and Redevelopment Agency seek to encourage the improvement of
property, construction of new facilities, and retention of jobs within redevelopment areas; and
WHEREAS the Agency created the Commercial Property Improvement Program within the
Highland-Gateway Redevelopment Project Area to effectuate those goals within that area;
WHEREAS Palm Springs Savings Bank participated in the Commercial Property Improvement
Program by making a commercial improvement loan to Reginald T. Hall and Mollie M. Gray-
Hall for a property within the Project Area located at 406, 408, 410 and 410a San Rafael Road
with a guaranty from the Redevelopment Agency; and
WHEREAS, the Borrower requested additional financial assistance in the project from the
Redevelopment Agency for the purpose of completing the improvement of the structures; and
WHEREAS the Agency desires to implement the Redevelopment Plan for the Highland-
Gateway Redevelopment Project Area, which allows for the strengthening of commercial and
industrial functions in the area, and the establishment of financial mechanisms to assist and
encourage the development of light industrial and commercial development; and
NOW THEREFORE, the Community Redevelopment Agency of the City of Palm Springs,
' California, does hereby resolve the following:
SECTION 1. The Loan of $15,000 from the Highland-Gateway Commercial Property
Improvement Program to Reginald T. Hall and Mollie M. Gray-Hall is
approved.
SECTION 2. That the First Amendment to the Owner Participation Agreement between the
Agency and Reginald T. Hall and Mollie M. Gray-Hall is approved in a form
acceptable to the City Attorney.
SECTION 3. The Agency shall record a Third Deed of Trust against the property.
SECTION 4. Given the need for prior Agency assistance in the project and the age and
condition of the structures, the Agency finds pursuant to California Health &
Safety Code Section 33444.6 that such assistance is necessary for the economic
feasibility of the development and that the assistance cannot be obtained in
economically feasible terms in the private market.
SECTION 5. The Executive Director or his designee is authorized to sign all necessary
documents in a form approved by the City Attorney.
' ADOPTED this 17th day of December 1997.
AYES: Members Barnes, Hodges, Oden Reller-Spurgin and Chairman Kleindienst
NOES: None
ABSENT: None
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
7;—;Assistant Secretary Chairman
REVIEWED AND APPROVED: