HomeMy WebLinkAbout1/1/1995 - CRA RESOLUTIONS RESOLUTION NO. 963_ _
OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF PALM SPRINGS,
CALIFORNIA AMENDING THE BUDGET FOR
THE 1994-95 FISCAL YEAR
WHEREAS, Resolution 938, approving the budget for the fiscal
year 1994-95 was adopted on July 6, 1994; 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 938, adopting
the budget for the 1994-95 fiscal year is hereby amended as
follows:
SECTION I. ADDITIONS
FUND ACTIVITY _ ACCOUNT — AMOUNT
No. 902 0181 - 7850 $414, 538
Title:
LJM Housing Vista Chino
Manor
Purpose: Cover an overdraft. -!
SECTION 2 . SOURCE
FUND ACTIVITY ACCOUNT — AMOUNT
No. 902 $414, 538
Title:
Housing Set Fund ]Balance
L
ADOPTED this 4th day of January ---, 1995.
AYES: Members Kleindienst, Lyons, Reller-Spurgin and Chairman Maryanov
NOES: None B
ABSENT: None
ABSTAIN Member Hodges
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
CITY OF ALM SPRINGS, CALIFORNIA
J- L , ✓,f
A�istant Secretary Chairman
0A w
REVIEWED & APPROVED ,/h��"� _
RESOLUTION NO. 964
OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY COUNCIL CITY OF
PALM SPRINGS, CALIFORNIA RESCINDING
RESOLUTION NO. 909, APPROVING A
' PURCHASE OPTION AGREEMENT WITH PETER
AND MARY EPSTEEN FOR THE ACQUISITION
OF 23 .78 ACRES
WHEREAS, on December 15, 1993, the Agency approved Resolution
No. 909 setting forth approval to enter into an Option Agreement
with Peter and Mary Epsteen, for the acquisition of 23 .78 acres,
located 640 feet north of the NE corner of Gene Autry Trail and
Ramon Road in Section 17 ; and
WHEREAS, due to a breakdown in negotiations on deal points,
the Option Agreement was not entered into or executed by either
party;
NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment
Agency of the City of Palm Springs, as follows:
Section 1: Resolution No. 909 be RESCINDED and ANNULLED.
ADOPTED this 1st day of February , 1995
AYES: Members Hodges, Kleindienst, Lyons, Reller-Spurgin and Chariman Maryanov
NOES: None
ABSENT: None
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
OF THE ITY OF PALM SPRINGS
Assistant Secretary Chairman
REVIEWED & APPROVED
C
r q
CL �,
RESOLUTION NO. 965
OF THE COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF PALM SPRINGS, CALIFORNIA_
ADOPTING A REPLACEMENT HOUSING PLAN FOR THE
HIGHLAND/GATEWAY REDEVELOPMENT PROJECT AREA
WHEREAS, the Community Redevelopment Agency of the City of Palm Springs
(the "Agency") is a public body, corporate and politic formed, organized existing
and exercising its powers pursuant to the Community Redevelopment Law, California
Health and Safety Code Section 33000, et. seq. , (the "CRL") ; and
WHEREAS, the Agency is considering participating in a self-help sweat
equity home construction program in the Highland/Gateway Redevelopment Project
Area, that will require the Agency to enter into an Owner. Participation Agreement
and which will lead to the demolition and' removal of dwelling units from the low
and moderate income housing market; and
WHEREAS, Health and Safety Code Section 33413.5 requires that the Agency
shall adopt by Resolution, a Replacement Housing Plan not less than 30 days prior
to execution of an agreement for acquisition of real property, or the execution
of an agreement for the disposition and development of property, or the execution
of an owner participation agreement, which would lead to the destruction and
removal of the dwelling units from the low and moderate income housing market;
and
WHEREAS, pursuant to the Law,the Replacement Housing Plan was made
available in draft form for review and comment by the Project Area Committee,
other agencies and the general public meeting all. legal prerequisites to the
adoption of the Resolution,
NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment Agency of the
City of Palm Springs, as follows:
Section 1. The Agency hereby specifically finds all of the facts stated
in the recitals above are true and correct.
Section 2. Pursuant to Section 33413.5 of the Community Redevelopment
Law, California Health and Safety Code Sections 33000, et.
seg. , the Agency hereby adopts the document entitled
Replacement Housing Plan for the Highland/Gateway
Redevelopment Project Area, a true and correct copy which is
on file in the Office of the city Clerk, and is incorporated
herein by reference as the Replacement Housing Plan for the
Highland/Gateway Redevelopment Project Area.
Section 3. The Secretary or the Agency shall certify to the adoption of
this Resolution.
ADOPTED this 15th day of February, 1995. ,
AYES: Members Hodges, K.leindienst, Lyons, Reller-Spurgin and Mayor Maryanov
NOES: None
ABSENT: None
ATTEST:� COMMUNITY REDEVELOPMENT AGENCY
l\ C—C \ OF THE CITY OF PALM SPRINGS,
By: ,I 1" CALIFCJk2Iy'IA
�,8e§istant Secretary �Lp
Chai/rm4n
REVIEWE P VED
e
RESOLUTION NO. 966
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM
SPRINGS, CALIFORNIA, APPROVING ADDENDUM TO ORIGINAL
CONTRACT SERVICES AGREEMENT WITH MAUREEN PAPPAS TO MANAGE
THE MONTE VISTA HOTEL.
' WHEREAS, the Monte Vista Hotel is in the last stages of preparation
for re-opening; and
WHEREAS, Maureen Pappas has been overseeing the repair and
maintenance of the day-to-day operations at the Hotel since Council
approved her contract on September, 1994 (Res. No. 357, A#344C) ;
and
WHEREAS, the Council has approved a Disposition and Development
Agreement with Stephen and Claudia Tuckman to purchase the Hotel;
and
WHEREAS, original contract sum was approved up to $5, 000 and
commenced on September 30, 1994; and
WHEREAS, contract sum will be increased to $1, 700 per month and
become effective February 13, 1995, for a period of two months; and
WHEREAS, we will be operating the hotel until the close of escrow.
NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment
Agency of the City of Palm Springs, California, that Res. No. 357,
' Agreement #344C with Maureen Pappas, be amended as follows:
Section 1 . Section 2 .1 Contract Sum For the services
rendered pursuant to this Agreement, Contractor
shall be paid the amount .of ONE THOUSAND SEVEN
HUNDRED DOLLARS AND NO CENTS ($1, 700 .00) per month
("Contract Sum") .
Section 2 . Section 5.2 Term - The term of the Agreement
shall commence on February 13, 1995, for a period
of two months (or upon close of escrow) and shall
continue monthly, thereafter, if approved in
writing by both the Agency and the Contractor.
ADOPTED this 15th day of February , 1995.
AYES: Members Hodges, Kleindienst, Lyons, Reller-Spurgin and Myaor Maryanov
NOES: None
ABSENT: None
ATTEST:
COMMUNITY REDEVELOPMENT AGENCY
/ CITY OF PALM SPRINGS, CALIFORNIA
BY LA( (L tit H6-!�Ly��:✓
' Assi,s/tant Secretary — Chairman
REVIEWED & APPROVED
��
RESOLUTION NO. 9Q7
OF TFIE COMMUNITY REDEVELOPMENT AGENCY ,
OF THE CITY OF PALM SPRINGS, CALIFORNIA
APPROVING THE "CONSENT TO ASSIGNMENT"
OF THE CARRIAGE YARD/ VINEYARD PARKING
LOT LEASE, AS AMENDED, AND RELATED
PROMISSORY NOTE AND GUARANTY FROM
CARRIAGE TRADE, LTD. TO JOHN ME:RTZ
DBA PALINI SPRINGS CARRIAGE COMPANY
WIIEREAS on May 29, 1990, the Agency entered into a lease with Carriage Trade, Ltd.for the
construction and subsequent operation of a carriage storage yard and tack yard located behind
the Village Green, and for a horse drawn carriage ride, in Downtown Palm Springs; and
WHEREAS on June 8, 1994, this lease was amended to extend! the lease term to to April 30,
2000, to amend the monthly rent amount and to add the requirement of a Promissory Note and
Guaranty in the principal amount of $9,946.67; and
WHEREAS on January 26, 1995, Carriage Trade, Ltd. agreed to sell its equipment for this
business, and to assign the Lease as amended along with Promissory Note and Guaranty, to John
P. Mertz dba Palm Springs Carriage Company contingent upon receipt of a "Consent to 1
Assignment" from the Agency as required by Section 8 of the lease; and
WHEREAS the private parties to this proposed transaction have executed the proper
"Assignment and Assumption Agreement"; and
WHEREAS Carriage Trade, Ltd. has submitted a "Request for Consent to Assign Lease".
NOW THEREFORE BE IT RESOLVED by the Community Redevelopment Agency of the
City of Palm Springs that the execution by the Agency of the "Consent to Assignment" in regard
to this matter is hereby approved,
ADOPTED this 15th day of February, 1995
AYES: Members Hodges, Kleindienst, Lyons, Reller-Spurgin and Chairman Maryanov
NOES: None
ABSENT: None
COMN/1'UNITY REDEVELOPMENT AGENCY
ATTEST:_ CITY OF PALM SPRINGS, CALIFORNIA
i
"As/sistant Secretary "Chairman ,
REVIEWED AND APPROVED AS TO FORM —� _
RESOLUTION NO. 968
OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF PALM SPRINGS,
CALIFORNIA ADOPTING A FIVE YEAR
IMPLEMENTATION PLAN
' WHEREAS, the Community Redevelopment Agency of the City of
Palm Springs (the "Agency") is a public body, corporate and politic
formed, organized existing and exercising its powers pursuant to
the Community Redevelopment Law, California Nealth and Safety Code
Section 33000, et. sea. , (the "CRL") ; and
WHEREAS, the City Council has adopted by Ordinance 10
Redevelopment Project Areas as follows:
Central Business District Redevelopment Project,
Tahquitz/Andreas Redevelopment Project,
Ramon/Bogie Redevelopment Project,
South Palm Canyon Redevelopment Project,
oasis Redevelopment Project,
North Palm Canyon Redevelopment Project,
Highland/Gateway Redevelopment Project,
Baristo/Farrell Redevelopment Project,
City-wide Redevelopment Project No. 9,
Canyon Redevelopment Project; and
WHEREAS, the California Legislature by Assembly Bill 1.290,
Statutes 1993 , Chapter 942 ("AB 1290") , Amended the CRL, and,
particularly in relation to this Resolution, Section 33490 was
' added to the CRL, and the Legislature by Senate Bill 732 , Stat-utes
1994 , Chapter 936, as supplemental legislation to AB 1290, made
minor modifications to Section 33490, which Section 33490 provides
in part that every Agency shall consider and adopt an
Implementation Plan for each Project Area, allowing for the
preparation and adoption of a single, comprehensive Implementation
Plan for all Project Areas; and
WHEREAS, notice of a public hearing of the Agency on the
proposed Implementation Plan was given in accordance with the
requirements of Health and Safety Code Section(d) ; and
WHEREAS, on January 12 , 19 and 26, 1995, the Agency conducted
and concluded the above-referenced duly noticed public hearing; and
WHEREAS, all legal prerequisites to the adoption of the
Resolution have occurred;
NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment
Agency of the City of Palm Springs, as follows:
Section 1. The Agency hereby specifically finds all of
the facts stated in the recitals above are
true and correct.
' Section 2 . Pursuant to Health and Safety Code Section
33490 of the Community Redevelopment Law, the
Agency hereby approves and adopts the document
entitled "Five- Year Implementation Plan for
the Community Redevelopment Agency for the
City of Palm Springs" , a true and correct copy
which is on file in the Office of the Agency
Secretary, and which is incorporated herein by
reference.
rap
Page 2
Section 3 . The Secretary of the Agency shall certify to
the adoption of this Resolution.
ADOPTED this 15th day of March , 1995.
AYES: Members Kleindienst, Lyons, Reller-Spurgin, and Chairman Maryanov
NOES: Member Hodges
ABSENT: None
ATTEST.'._ � COM"i)iUATIT'i REDEVELOPMENT AGENCY
OF TIE CITY OF PALM SPRINGS,
By: A' _ / _ CRLIFORNIA
Assistant Secretary
C'hr+irfnan �
REVIEWED & APPROVE. "
RESOLUTION NO. 969
OF THE COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF PALM SPRINGS, CALIFORNIA APPROVING
THE FIRST AMENDMENT TO THE DISPOSITION AND
DEVELOPMENT AGREEMENT AND AUTHORIZING THE
' SALE OF REAL PROPERTY KNOWN 414 N. PALM CANYON
DRIVE TO STEPHEN TUCKMAN.
WHEREAS, on November 23, 1994, a Disposition and Development Agreement,
("DDA") was approved with Stephen Tuckman ("Purchaser") to effectuate the sale of the Monte
Vista Hotel, which includes a hotel and 5 commercial shops, and pursuant to which Agency was
to sell Purchaser certain real property, and Purchaser was to operate the hotel and shops thereon,
which use is consistent with the Redevelopment Plan for Project Area ml, the General Plan of
the City and City's Zoning, and which Project use will help expand and diversify the City's
economic base; and
WHEREAS, a Notice of Public Hearing concerning the sale was published in accordance
with applicable law; and
WHEREAS, on November 23, 1994, the Agency held a Public Hearing concerning the
sale; and
WHEREAS, the DDA required Purchaser to complete his due diligence by 2/23/95 and
gave right to terminate the transaction in certain conditions; and
WHEREAS, Purchaser's due diligence revealed numerous unanticipated conditions
concerning the physical state of the property, and Purchaser sough a modification of certain
terms of the transaction in lieu of termination of the DDA; and
WHEREAS, the Agency has reviewed the requested changes and finds them reasonable,
and finds 'that the sale of the property pursuant to the modified terms and conditions to be fair.
NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment Agency
of the City of Palm Springs, approves an amendment to the DDA to contain the following:
Section 1. Puichase price to be$900,000 with down payment of$50,000 and balance
of $850,000 with interest starting to accrue at closing at 8% per annum
for years 1-7 and then 9% per annum thereafter, and payable according
I agreed-upon payment schedule.
Section 2. At closing, Agency will place $25,000 in Buyer's construction account,
for the purpose of curing a portion of the total General Repairs &
Deferred Maintenance.
Section 3. At closing, Agency will make available to Buyer a Downtown
Redevelopment Loan in the amount of $25,000, at not more thad-i 6.5%
interest to be amortized over five years.
Section 4. Buyer agrees to invest at least $275,000 of their own funds in the
improvement and/or replacement of the property, including start-up costs.
In addition, Buyer agrees to make repairs of at least $25,000 using funds
received from Agency, which will be allocated to such repairs. In
addition, Buyer will utilize the $25,000 Redevelopment Loan for
completion of a portion of the street frontage. Buyer agrees to complete
said expenditures of not less than $325,000 within six months cf close of
escrow.
1u
Resolution No. _ 969
Page 2
Section 5. For the first five years, in the event tare Buyer shall sell the IAronte Visa
Hotel, the Agency and Buyer shall split 50-50 all amounts above
$1,500,000 riet sale price (after all sales costs), to a maximum of
$100,000 for the Agency's share. Said amount shall be paid to Agency,
in cash, at closing.
Section 6. The Agency does hereby find and determine as follows:
(a) The sale effectuates the purposes of the Plan and is in the
highest and best interest of the City of Palm Springs and of
the Project Area, and that the sale is intended to result in
(lie development and revitalization of a portion of the City
which will help expand and diversify the City''s economic
base.
(b) The Purchase Contract effectuates the purposes of the
Community Redevelopment Law by reversing or alleviating
any serious physical, social, and economic burden of the
Community which cannot reasonably be expected to be
reversed or alleviated by private enterprise acting alone, in
that the sale will facilitate the redevelopment and operation
of the hotel and retail buildings by causing the remodel and
upgrade of the property, placing the property in (he hands
of a first class, and experienced operator, in order to
maintain existing sales tax revenue and attract additional
commercial development within the City and 'Increase the
City's tax base.
(c) The DDA effectuates the purposes of the Community
Redevelopment Law as it is intended to eliminate blight a:-id
promote the health, safety and general welfare of the
people of Palm Springs.
(d) That the consideration payable for the property is not less
than the fair market value of the property in accordance
w;tli the highest and best use under the Redevelol ment
Plan.
Section 7. The Agency staff is hereby anthorizcd and directed to take the appropriate
action consistent with the purpose of this Resolution.
Section 8. The First Amendment to the DDA is hereby approved and incorporated
herein by this reference.
ADOPTED this 15th day of March 1995
AYES: Members Kleindienst, Lyons, Reller-Spurgin and Chairman Maryanov
NOES: Member Hodges
ABSE11T: clone
ATTEST: COMMUNITY REDIEVELOPMEW AGENCY
OF THE CITY OF FALMI SPRINGS
c ✓ ��,
Y=Y9SiStant Secretary (_',lialrma9i
F
REVIEWED & API tiOVED_ 60- ------
RESOLUTION NO. 970
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS, CALIFORNIA APPROVING AN
EXCLUSIVE AGREEMENT TO NEGOTIATE WITH THE
CALIFORNIA COMPANIES FOR THE DEVELOPMENT OF
14 . 23 ACRES LOCATED AT THE NORTHWEST CORNER OF
' RAMON ROAD AND GENEAUTRYTRAILIN SECTION1- - - - '7 WHEREAS, on November 30, 1983 , the City Council of the Citv of
Palm Springs adopted Ordinance No. 1202 , approving the
Redevelopment Plan for the Ramon/Bogie Redevelopment Project (the
"Plan") , pursuant to California Community Redevelopment Law
(11CRL10) , California Health and Safety Code Section 33000, et. sea. ;
and
WHEREAS, the Plan delineates the Redevelopment Project Area,
known as the Ramon/Bogie Redevelopment Project Area (the
"Project") ; and
WHEREAS, the Community Redevelopment Agency ("Agency") owns
and controls approximately 14 .23 acres of vacant land located at
the northwest corner of Ramon Road and Gene Autry Trail; and
WHEREAS, the Agency desires to have the site developed in
accordance with the Plan; and
WHEREAS, The California Companies proposes entering into an
Exclusive Agreement to Negotiate with the Agency which will provide
a 180-day period to negotiation for the acquisition/development of
the site and to allow both parties to perform due diligence on the
project, and if agreement is reached as to the terms, to enter into
a binding agreement;
NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment
Agency of the City of Palm Springs, as follows:
Section 1. Approve an Exclusive Agreement to Negotiate b_v
and between the Community Redevelopment Agency
of the City of Palm Springs, and The
California Companies, allowing for a 180-day
period to negotiate a Disposition and
Development Agreement for the sale/development
of approximately 14 . 23 acres in accordance
with the Redevelopment Plan.
Section 2 : Authorizing the Executive Director to sign all
documents related thereto in a form acceptable
and approved by the City Attorney.
ADOPTED this 15th day of March, 1995.
AYES: Menibers Hodges, Kleindienst, Lyons, Reller-Spurgin and Chairman Maryanov
NOES: None
ABSENT: None
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF PALM SPRINGS,
By: �_—` (�-- CALIFORNIA
Assistant Secretary
Chairman
REVIEWED S APPROVED
11 l/U,ty
RESOLUTION NO!. 971
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS, CALIFOR:NIA APPROVING AN
OWNER PARTICIPATION AGREEMENT WITH THE
COACHELLA VALLEY HOUSING COALITION FOR
PARTICIPATION IN A HOME PROGRAM FOR THE
CONSTRUCTION OF 20 SINGLE-FAMILY HOMES 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. seq. 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, the Coachella Valley Housing Coalition ("CVHC")
applied for and received a HOME Fund Grant: from the Department of
Housing and Community Development', to construct: 20 single-family
homes for very low and low income families in the Highland/Gateway
Redevelopment Project Area; and
WHEREAS, The Agency has 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 its Housing Setaside Fund
Balance; and
WHEREAS, as part of the preliminary conceptual agreement of
the program, CVHC is required to enter into an Owner Participation
Agreement with the Agency for the implementation of this project;
and
WHEREAS, the Housing Element, of the General Plan encourages
participation in self-help housing programs to meet our overall
single-family residential needs within the city for larger family
household of very low and low income;
NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment
Agency of the City of Palm Springs, as follows:
Section 1. The Agency approves an Owner Participation
Agreement with CVHC for the development of 20
single-family self-help homes in the
Highland/Gateway Redevelopment Project Area.
Section 2 . The program is determined) to be of benefit to
the Highland/Gateway Redevelopment Project
Area through the removal of blighted property
via the acquisition and demolition of
deteriorated and stagnate property, and the
construction of single-family homes which will
be sold to families of very low and low
income, 30 to' 80% of the county median.
Section 3 . The Agency has agreed to contribute a grant
not to exceed $625, 200 from housing setasi.de
funds as the Agency's participation in the
program.
Resolution No. 971
March 15, 1995
Page 2
Section 4 . The Executive Director, or his designee, is
hereby authorized to execute on behalf of the
Agency 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 .,5th day of April , 1995.
AYES: Members Hodges, Kleindienst, Lyons, Reller-Spurgin and Chairman Maryanov
NOES: None
ABSENT: None
ATTEST: 1 COMMUNITY REDEVELOPMENT AGENCY
I` OF THE CITY OF PALM SPRINGS,
By: �� 4 CALIF
Ass.'stant Secretary /.
Chairman
REVIE 7D & APPROVED
RESOLUTION NO., 972
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS, CALIFORNIA APPROVING THE
GRANTING OF AN EASEMENT TO SOUTHERN CALIFORNIA
EDISON ALONG THE SOUTHERN PORTION OF APN 507-
100-029
WHEREAS, the Community Redevelopment Agency of the City of
Palm Springs (the "Agency") is the owner of Assessors Parcel 507-
100-029 located along the south side of Vista Chino approximately
740 feet west of Sunrise Way; and
WHEREAS, in response to request for electrical service,
Southern California Edison Company, has requested the Agency grant
an easement for the undergrounding of existing electrical lines
along the southern portion for the property, more particularly
described in the Grant of Easement document and shown on the Plat
Map attached hereto; and
WHEREAS, granting the easement requested by the Edison Company
will allow electrical services to the proposed Palm Springs Senior
Housing project to be built on a portion of this site. The
undergrounding of the electrical facilities will enhance future
development of the parcel to be retained by the Agency, and will be
in the best interest of the Agency;
NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment
Agency of the City of Palm Springs, as follows:
Section 1. Approve an easement with Southern California
Edison Company for the undergrounding of
electrical lines as shown on the Plots within
APN 50-7-100-029, additionally giving the
Agency the right to require relocation of said
easement.
Section 2 . The Executive Director is hereby authorized to
execute said Grant of Easement on behalf of
the Community Redevelopment Agency of the City
of Palm Springs, in a form approved by the
Agency's legal counsel.
Section 3 . The Assistant Secretary is :hereby authorized
to record said Grant of Easement in the office
of the County Recorder of Riverside County.
ADOPTED this 5th day of April, 1995.
AYES: Members Kleindienst, Lyons, Reller-Spurgin and (:hairman Maryanov
NOES: None
ABSENT: None
ABSTAIN: Member Hodges
ATTEST-: COMMUNITY REDEVELOPMENT AGENCY
f' OF THE CITY OF PALM SPRINGS,
By CALIFORNIA
Assistant Secretary
Cha ix�man
REVIEWED JAPROVED
c. �-( b
RESOLUTION NO. 973
OF TFIE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE
BUDGET FOR THE 1994--95 FISCAL YEAR.
WHEREAS Resolution 938 approving the budget for the fiscal year
' 1994-95 was adopted on July 6, 1994 ; 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 938 , adopting
the budget for the 1994-95 fiscal year is hereby amended as
follows:
SECTION 1. ADDITIONS
FUND Activity Account Amount
No.
812 306 $1, 100,000
udgeted Trans Out
842 0181 4662 (100,000)
Title:
Tahquitz Andreas Other Debt Service
Capital Projects &
Debt Service
Purposes To pay a portion of the Convention Center's current year debt service
from the remaining proceeds of the 1994 Series A & B Financing Revenue Bonds
SECTION 2 . SOURCE
FUND —� Activity Account Amount
No.
812 301 $1,100,000
842 301 (100,000)
Title:
Tahquitz Andreas Fund Balance
Capital Projects &
Debt Service
' Adopted this 3rd day of May 1995.
AYES: Members Kleindienst, Lyons and Chairman Maryanov
NOES: Members (lodges and Reller-Spurgin
ABSENT: None
ATTEST: COMMUNITY RELEVELOPMENT AGENCY
OF' THE�ICITY OF PALM SPRINGS
Secretary Chairman
REVIEWED AND APPROVED AS TO FORMS
RESOLUTION NO. 974
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE
BUDGET FOR THE 1994-95 FISCAL YEAR.
WHEREAS Resolution 938 approving the budget for the fiscal year
1994-95 was adopted on July 6, 1.994 ; 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 trans[ers as required in
accordance with this Resolution, and that Resolution 938, adopting
the budget for the 1994-95 fiscal year is hereby amended as
follows:
SECTION 1. ADDITIONS
FUND Aetivity - --- Account Amount
No.
811 & 841 304 $1,000,000
Title:
Central Business Dist
Capital Projects/ Budgeted Transfer
Debt Service In
Purpose: To provide funds in the Central Business District to offset reduced
property tax increment and other reserves. —
SECTION 2 . SOURCE
- FUND--`D Ac.ti;rity
_-- Account Amount
-
No. 921 306 $1,000,000
'Pitle:
Plaza Theatre Fund Budgeted Transfers
Out
Adopted this 3rd-day of May 1995 .
AYES: Members Kieindienst, Lyons adn Chairman MaryanoV
NOES: Members Hodges and Reiser-Spur•gin
ABSENT: Hone
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
OF TH V OOCITY OF PALM SPRINGS
a ✓C _ ✓ L
? v — Chairman
ecretary
REVIEWED AND APPROVED AS TO FORM''
RESOLUTION NO. 975
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE
BUDGET FOR THE 1994-95 FISCAL YEAR.
WHEREAS Resolution 938 approving the budget for the fiscal year
' 1994-95 was adopted on July 6, 1994 ; 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 938 , adopting
the budget for the 1994-95 fiscal year is hereby amended as
follows:
SECTION 1. ADDITIONS
FU14D Activity Account Amount
No. 111 116 $1,000,000
Title:
General Fund Redevelopment Agency
Loans Receivable
Purpose: To provide funds to offset the current year and future years decline in
property tax increment revenue. The effective dates of the loans will be 5/1/95,
at an annual interest rate of 6%.
SECTION 2 . SOURCE
FUND Activity Account Amount
No. Loans payable -
General Fund
811 & 841 - Central Lusiness District 274 $400,000
814 & 844 - Ramon Bo ,ie 274 500,000
Title:
815 & 845 - Oasis 274 50,000
819 & 849 - Citywide Project Area 274 50,000
' Adopted this 3rd day of May 1995.
AYES: Members Kleindienst, Lyons and Chairman Maryanov
NOES: Members Hodges and Reller-Spurgin
ABSENT: None
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
OF TH ; ITY OF PALM SPRINGS
Byr Secretary
ec S re
l' etary hairman �q REVIEWED AND APPROVED AS TO FORM--k-���
RESOLUTION NO. 976
OF THE COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF PALM SPRINGS, CALIFORNIA,
MAKING CERTAIN FINDINGS PURSUANT TO
HEALTH AND SAFETY, CODE SECTION 33445
RELATING TO PAYMENT OF ALL OR PART OF THE
COSTS OF THE INSTALLATION AND
CONSTRUCTION OF CERTAIN BUILDINGS,
FACILITIES, STRUCTURES, AND OTHER
IMPROVEMENTS WITHIN THE TAHQUITZ ANDREAS
PROJECT AREA
WHEREAS, the Community Redevelopment Agency of the City of
Palm Springs (the "Agency" ) adopted the Redevelopment Plan for the
Tahquitz-Andreas Project (the "Project Area" ) on August 26, 1983
pursuant to Resolution No . 145 (the "Tahquitz-.Andreas Plan" ) ; and
WHEREAS, the Agency has acquired and constructed certain
buildings, facilities, structures; and other improvements which
constitute the Palm Springs Convention Center (collectively the
"Improvements" ) within the Project Area described above which are
publicly-owned within the meaning of Health & Safety Code Section
33445 (the "Statute" ) ; and
WHEREAS, the Members of the Agency ( "Agency Members" ) have
determined that the Improvements within the meaning of the Statute
are of benefit to the Project Area; and
WHEREAS, the Agency Members have determined that absent the
advance of certain sums by the City to construction of the
Improvements, no other reasonable means of financing such
Improvements were available to the community; and
WHEREAS, the construction of privately financed and owned
facilities within the Project Area were a direct or indirect result
of the construction of the Improvements; and
WHEREAS, those privately owned facilities produce property tax
increment for the Project Area; and.
WHEREAS, the Agency has determined that a reasonable
allocation of that property tax increment generated directly or
indirectly by the Improvements would be $247 , 755 per year, or
approximately 6 . 64i of the current year' s debt service on the
Convention Center 1991 Series A Lease Revenue Bonds (the
"Convention Center Bonds" ) ; and
WHEREAS, that 6 . 640 of the remaining principal and interest
payments of the Convention Center Bonds is $7, 081 . 232 ; and
WHEREAS, all of the findings and determinations made herein
were based upon careful consideration and analysis of all relevant
and available evidence .
NOW, THEREFORE, THE AGENCY MEMBERS do hereby resolve and
determine as follows :
Section 1 . The Project Area shall have $7, 081, 232 of the
Convention Center Bonds allocated to it .
Section 2 . To the extent that property tax increment
revenues are legally available, the Project .Area shall pay 6 . 64s of
the annual debt service on the Convention Center Bonds, which
obligation shall be subordinated to all of the existing and future
bonded indebtedness of the Agency , (the "Agency Contribution") .
R976
Page 2
Section 3 . The Agency Members hereby determine and find.:
(a) That the Improvements are of benefit to the
Project Area.
(b) That no other means of financing a portion of
the Improvements are available to the community other than the
Agency Contribution in that (i) the City' s general fund has
made significant contributions to the Project Area and is
experiencing financing hardship; (ii) the City' s general fund
can no longer pay all net operating expenses and debt service
upon the Improvements; (iii) the anticipated Agency
Contribution was critical to the construction and expansion of
the Improvements, the Agency' s acquisition of the Prairie
Schooner Parcel and the undertaking of other redevelopment
activities of the Agency relating to or in the proximity of
the Improvements .
(c) That the Agency Contribution for the costs of
the Improvements will assist in the elimination of one or more
blighting conditions within the Project Area.
Section 4 . Based upon the findings contained in Section
3 (b) , the Agency hereby approves the Loan Agreement, dated as of
May 3 , 1995, by and between the Agency and the City of Palm
Springs, a copy of which is attached to this Resolution (the "Loan
Agreement" ) and authorizes and directs the execution of the Loan
Agreement on behalf of the Agency.
' Adopted this 3rd day of May 1995
AYES : Members Kleindienst, Lyons and Chairman Maryanov
NOES : Members Hodges and Reller-Spurgin
ABSENT: None
ATTEST: COMMUNITY REDEVELOPMENT AGENCY OF THE
/l CITY OF PALM SPRINGS
Assistant Secretary Mayor
REVIEWED AND APPROVED AS TO FORM
l__
RESOLUTION NO. 977
OF THE COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF PALM SPRINGS, CALIFORNIA
APPROVING AI3 OWNER PA'RTIQPATION
AGREEMENT' WITH TEACHERS INSURANCE AND
ANNUITY ASSOCIATION REGARDING A LOT LINE
ADJUSTMENT AND PUBLIC PARKING LOT
IMPROVEMENTS AT "THE 'VINE YAW)"
--------------------
W IEREAS the Community Redevelopment Agency is the owner of Assessor's Parcel Number
(APN) 513-153-028 which is utilized as a p-_rblic parking lot, and Teachers Insurance and
Annuity Association is the owner of the adjacent APN 513-153-02.5 which is the location of "The
Vineyard" corornercial center; and
WHEREAS the Community Redevelopment Agency has previously approved an Owner
Participa%ion Agreement for the property which has been subsequently amended; and
WHERE,A.S a Lot Line Adjustment is neccessary in order to transfer ownership of 1,056 square
feet of the Agency-owned parcel to Teachers Insurance and Annuity Association in order to
prolr€rly renovate and maintain "The. Vineyard", and this transfer of ownership can be
accomplished without negatively affecting the operation an/or maintenaince of the adjacent public
parking lot owned by the Agency; and
WHEREAS the City-approved renovation plans for "The Vineyard" require that this Lot Line
Adjustment and related transfer of property ownership be completed, and are consistent with the
purposes and objectives of the Redevelopment Plan for the Central Business District and will
assist in the elimination of blight by encouraging the revitalization of "The Vineyard" project,
allowing for upgrading of tenant space which has faced significant vacancy; and
WI-IEREAS the Teachers insurance and Annuity Association bas agreed to comransate the
Agency for the estimated current value of the land to be transferred to its ownership, in the
amount of $19,1'r`,10, and this amount is computed at a unit price of $18 per square foot, which
is coarrpa,ablc to current land values of parcels, fronting on Belardo Road in Downtown Palm
Springs as documented in the Suanmary Report of May 19,1995; and
WHEREAS this compensation amount of$19,000 can be applied toward the reimbursement of
expenses totalling $38,000 for the needed improvements within the public parking lot which are
required in order to bring this facility up to current City standards for on-site lighting and
pavement surface condition; and
WLIEREAS this compensation amount;can be matched by $19,000 from the City's Parking Fund
in order to pay for the necessary improvements which will bring; the facility up to current City
standards .and will be complementary to the privately funded renovation of "The Vineyard"; and
WHEREAS a public hearing was held on June 7, 1995 to consider the approval of the OPA,
which hearing was duly noticed in accordance with Health and Safety Code Section 33433, and
a copy of the itznrpary Report dated May 19, 1995 was available for public inspection upon
notice of the public hearing.
NOW TEEREFORE BE IT RESOLVED by the Community Redevelopment Agency of the City
of Patera Springs that: 1) the OPA will assist in the elimination of blight, consistent with the
R.edeveloprnent Plan; 2) the OPA is consistent with the Implementation Plan; 3) the sales price
of $110 pier squae foot for the parcel area included within the Lxrt ]Line Adjustment is not less
than rurst"nt Fair lvlarket Value, as stated in the Sumpur!�R rt of May 19, 1995; and 4) the
Owner Paiiicipation Agreement with Teachers Insurance and Annuity Association in regard to
the Lot Lane Transfer and public parking lot irnprovemcnts adjacent to "The Vineyard" is
hereby ag:�proved and shall lre executed in a form approved by the City Attorney. -
R977 _ — 35
Page 2
ADOPTED dais 7th day of June 1995.
AYES: Members Hodges, Kleindienst, Lyons, Reller-Spurgin and Chairman Maryanov
NOES: None
A.ESEMP: None
' ATTEST: COMMUNITY REDEVELOPMENT AGENCY
CITY OF PALM SPRINGS, CALIFORNIA
By��
!4x-op",
Assi'sia«t Secretary C airman
REVIEWED AND APPROVED
-2-
RESOLUTION NO. 978
OF THE COMMUNITY REDEVELOPMENT AGE14CY OF THE
CITY OF PALM SPRINGS, CALIFORNIA, APPROVING
BUDGETS FOR PALM SPRINGS UNIFIED SCHOOL
DISTRICT, COLLEGE OF THE DESERT AND RIVERSIDE
COUNTY SUPERINTENDENT OF SCHOOLS IMPROVEMENTS
AND FINDING THAT SAID IMPROVEMEN`.['S ARE OF
BENEFIT TO T7IE BARISTO-FARRELL AND AREA NUMBER
9 REDEVELOPMENT PROJECT AREAS.
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
("Agencies1°) 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. 1994/95 for the following:
Project Area
__ Agency Baristo-Farrell No. 9
Palm Springs Unified $63 , 890 $25, 043
College of the Desert 18, 236 7, 148
County Superintendent 9, 921 0
WHEREAS the proposed budgets are eligible expenditures as outline
in the agreements.
NOW THEREFORE be it .resolved that the Community Redevelopment
Agency of the City of Palm Springs, California, does hereby resolve
the following:
SECTION 1. The proposed budgets submitted .by the Agencies are
hereby approved.
SECTION 2 . 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.
ADOPTED this —7th day of dune ., 1995
AYES: Members dodges, Kleindiens't, Lyons, Reller-SRurgin and Chairman Maryanov
NOES: None
ABSENT: None
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
CITY OF PALM[ SPRINGS, CALIF'ORNIA
of
C-t
_A-gsistant Secretary F Chairman
REVIEWED AND APPROVED: `
EM9 CdUA IA\PASSUY9495TES
RESOLUTION NO. gig
OF THE COMMUNITY REDEVELJMENT
AGENCY OF THE CITY OF' PALM SPRINGS,
CALIFORNIA, APPROVING EXCLUSIVE
AGREEMENT TO NEGOTIATE WITH LINSU
DEVELOPMENT COMPANY, L.L.C. AND
APPROVING LETTER AGREEMENT FROM
FULLER & ASSOCIATES TO DO APPRAISAL.
----------------------
WHEREAS, on July 31, 1985, the Community Redevelopment Agency
entered into an Owner Participation Agreement with Renaissance
Hotel ParLner,ship ("Renaissance") to construct a 10.5-room hotel
upon the property, located on the southeast corner of Vista Chino
and Indian Canyon Drive; and
WHEREAS, "Renaissance" has defaulted on its obligations and the
Agency served a notice of termination.
WHEREAS, The Linsu Development Company, L.L.C. is interested in
acquiring the Site for the expansion of the Developer's hotel
(Desert Shadow Inn) located adjacent to the Site, which expansion
shall include units generating transient occupancy tax in an amount
to be agreed upon by the parties; and
WHEREAS, "Linsu" has deposited the amount of $10, 000 with the City
to cover the appraisal costs and legal fees to pursue this project.
NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment
Agency of the City of Palm Springs as follows:
' .SECTION 1 . Council approves Exclusive Agreement to
Negotiate with Linsu Development Company,
L.L.C. for acquisition of "Renaissance"
property, located on southeast corner of Vista
Chino and Indian Canyon Drive.
SECTION 2 . Council approves Letter of Agreement from
Fuller and Associates for appraisal on
"Renaissance" property.
SECTION 3 . The Executive Director of the Agency, and/or
his designee, is authorized to execute all
necessary documents, in a form approved by the
Agency Counsel .
ADOPTED this 21st day of June 1995.
AYES: Members Hodges, Kleindienst, Lyons, Resler-Spurgin and Chairman Maryanov
NOES. None
ABSENT: None
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
CITY PALM SPRINGS, CALIFORNIA
By
Assi ant Secretary Chairman
REVIEWED & FpPP.OVED -
��'t
C CL �'i
RESOLUTION NO. 980
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF
PALM SPRINGS, CALIFORNIA, APPROVING A BUDGET FOR THE
COMMUNITY REDEVELOPMENT FUND FOR THE FISCAL YEAR 1995-96
WHEREAS a budget for the fiscal year 1995-96 has been prepared by the Community
Redevelopment Agency Redevelopment Director and the Agency Treasurer. ; and
WHEREAS the Community Redevelopment Agency has examined said budget and conferred
with the Community Redevelopment Agency Director; and
WHEREAS 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 Pal.m Springs as follows:
Section. 1 . That the budget in the amount of $6,036,02.3 be approved for the
following purposes:
Capital Debt
S Admin Service
Central Business DisLrirt $ 398,034 $1,351, 120
Tahquita Andreas 56,704 664,554
South Palm Canyon 76,940 193,292
Ramon Bogie 15,5:34 397,841
Oasis 3,622 115,848
North Palm Canyon 61,839 258,870
Highland Gateway 15,689 32,356
Baristo Farrel 43,993 772,480
City-wide 58,043 539,351
Canyon Development 32,445 280,118
Low & Mod. Income Housing 182,241 481,512
Plaza Theater 201,617 -0-
$ 948,681 $5,087,342
Section 2. That the Finance Director of ,the City of Palm Springs is authorized
to record the budget and such other accounti_ng entries as may be
necessary for proper accounting treatment in accordance with ,rules
and regulations applicable to other City of F'alm Springs funds.
Section .3. That disbursement of funds from the Community 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 21st day of June _, 1995
AYES: Members Kleindienst, Lyons, kelie'r-Spurgin and Chairman Maryanov
NOES: Member Nudges
ABSENT: None
ATTEST: COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS, CALIFORNIA
By.
F!s's scant ,secretary / Chai_rman
REVIEWED & APPROVED as to form-
R 980 �^
Page 2
COMMUNITY REDEVELOPMENT AGENCY
PROPOSED BUDGET, FISCAL YEAR 1995-96
APPROPRIATIONS BY CATEGORY
CATEGORY
' Downtown Development Center $ 128, 000
Other Contractual Services 39 , 006
Contractual Legal. 86, 000
City Admin. 62 , 118
Economic Development Admin. 216, 083
CRA-owned Property Maintenance 75, 636
Plaza Theaire Lease 154 , 000
Low & Mod dousing Staffing 99 , 886
Capital 40, 000
Other 47, 952
TOTAL S 948 . 681
Prepared by:
Director of Finance & Treasurer
6/16/95
RESOLUTION NO. 981
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF
PALM SPRINGS, CALIFORNIA, APPROVING CONTINUING
APPROPRIATIONS FROM FISCAL YEAR 1994-95 TO THE FISCAL
YEAR 1995-96.
WHEREAS the Community Redevelopment Agency of the City of Palm Springs has
adopted a budget for the 1995-96 fiscal year; and
WHEREAS certain projects budgeted in the 1994-95 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 1995-96 fiscal year, the amount indicated or
the final audited unencumbered balances, whichever is the lesser amount, as of
June 30, 1995 of the following accounts:
ACCOUNT NO. ACCOUNT TITLE AMOUNT
811-0180-7260 Morrison Parking Lot 1,332
811-0180-7387 Plaza de las Flores 93,888
811-0180-7860 Belardo Parking Project 361
811-0180-7931 Heritage Trail Local Match 10,600
813-0182-7934 Low Interest/Revolving Loan Program 58,000
816-0185-7595 Damaged Curb & Sidewalk Repair 15,239
816-0185-7934 Low Interest/Revolving Loan Program 58,000
816-0185-7935 Heritage Trail Supplement/Link 11,000
816-0185-7936 Palm Canyon Drive Decorative Lights 51,013
816-0185-7937 Irrigation System Upgrade/Palm Trees, 21,200
816-0185-7938 Banner/Arch Gateway Elements 37,717
817-0186-7940 Commercial Rehabilitation 100,000
819-0188-7934 Revolving Loan Program 50,000
820-0191-7811 Canyon Project Legal Fees 48,511
820-0191-7941 Pre-Construction Fees/Canyon Project: 200,000 n
902-0181-7298 Self Help Housing 200,000
902-0181-7468 Housing & Econ. Rehabilitation 11,498
902-0181-7728 Relocation Assistance 10,000
902-0181-7942 Section 202 Senior Housing 40,780
902-0181-7949 HOME Program 432,331
921-0180-7609 Plaza Theatre Renovation 129,701
921-0180-7943 Courtyard Pavement Repair 10,000
1,591,171
All appropriations approved subsequent to passage of this resolution, but prior
to the end of the 1994-95 fiscal year.
ADOPTED this 19th day of Lilly , 1995.
AYES: Members Hodges, Kleindienst, Lyons, . Reller-Spurgin and Chairman Maryanov
NOES: None
ABSENT: None
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF PALM SPRINGS
By
Se retary ! Chairman
REVIEWED & APPROVED —
n
RESOLUTION NO. 982
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM
SPRINGS, CALIFORNIA, TO LEASE PREMISES AT 404 NORTH PALM
CANYON DRIVE, TO NGUYEN THI MINH HUONG DBA BEAUTIFUL
NAILS FOR A TERM OF ONE YEAR.
' WHEREAS, the Community Redevelopment Agency desires to lease
premises at 404 North Palm Canyon Drive; and
WHEREAS, Nguyen Thi Minh Huong has asked to renew the lease of the
premises for the purpose of conducting therein a nail and manicure
business.
NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment
Agency of the City of Palm Springs as follows:
SECTION 1. The Executive Director of the Community
Redevelopment Agency, or his designee, is hereby
authorized to enter into a lease with Nguyen Thi
Minh Huong DBA Beautiful Nails, on the premises
located at 404 North Palm Canyon Drive, Palm
Springs, California, in a form acceptable to the
Agency Counsel.
SECTION 2 . Lease shall be for a term of one year, commencing
July 1, 1995, at a annual rent of $7, 150. 00 payable
monthly, in advance at $650. 00, except for the
month of August, 1995.
ADOPTED this 19th day of July , 1995.
AYES: Members Hodges, Kleindienst, Lyons, Reller-Spurgin and Chairman Maryanov
NOES: None
ABSENT: None
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
CITY ,O,F PALM SPRINGS, CALIFORNIA
By
Assistant Secretary Chairman
REVIEWED & APPROVED
RESOLUTION NO. '383
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY
OF PALM SPRINGS, CALIFORNIA, APPROVING A LEASE
AGREEMENT WITH LOUISE'S PANTRY, INC. FOR A BUILDING
LOCATED AT 124 SOUTH PALM CANYON DRIVE
WHEREAS, effective April 1, 1989, the Agency entered into an agreement for the
acquisition of certain properties from Earl Strebe; and
WHEREAS those properties include the Plaza Theatre, the Louise's Pantry building and
the former Karen's Korner; and
WHEREAS the Agency assumed control over those properties subject to existing leases;
and
WHEREAS the leased properties have been re-leased as the existing leases expired; and
WHEREAS the Louise's Pantry Restaurant Lease for 1160 square feet of building and
part basement located at 124 South Palm Canyon Drive expires August 31, 1995; and
WHEREAS ,the Agency desires to continue to lease said building at 124 South Palm
Canyon Drive to Louise's Pantry, Inc.
NOW THEREFORE BE IT RESOLVED by the Community Redevelopment Agency of
the City of Palm Springs, that a Lease Agreement with Louise's Pantry, Inc. for a
'building at 124 South Palm Canyon Drive, to continue to be used as a restaurant at an
annual rental rate of $22,968 plus real property taxes, is hereby approved, in a form
acceptable to the City Attorney, for a period of one year, with two (2)one-year extension
options; and the Agency finds that the lease of the property on the foregoing basis is the
fair market value of the property.
ADOPTED this 19th day of July 1995.
AYES: Members Hodges, Kleindienst, Lyons, P',eller-Spurgin and Chairman Maryan
NOES: None
ABSENT: None
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
CITY OF PALM SPRINGS, CALIFORNIA
yAssistant Secretary Chairman
REVIEWED & APPROVED AS TO FORM
.S
RESOLUTION NO. 984
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE
BUDGET FOR THE 1994-95 FISCAL YEAR.
WHEREAS Resolution 938 approving the budget for the fiscal year
1994-95 was .adopted on July 6, 1994; 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 938, adopting
the budget for the 1994-95 fiscal year is hereby amended as
follows:
SECTION 1. ADDITIONS
FUND Activity Account Amount
No. 811 0180 7669 $32,000
Title:
Central Business Capital Projects Downtown Streets/
District Sidewalks/Parking
Purpose: To provide funds to cover additional expenditure for engineering services
and construction observation on Palm Canyon Drive ImproVement Project in conjunction
with Desert Water Agency water main upgrade.
SECTION 2. soURCE Refund of monies held for potential IRS arbitrage interest
payment with defeasance of 1987 Central Business District bond issue.
FUND Activity Account. Amount
No.
811 301 $32,000
Title:
Central Business Fund Balance
District
Adopted-'this 2nd day of August 1995.
AYES: Members Hodges, Kleindienst, Lyons, Reller-Spurgin
NOES: None
ABSENT: Chairman Maryanov
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF PALM SPRINGS
By �i- c,� �'f �/[�l
° Cha rma
��Secretary n'
� � .
REVIEWED AND APPROVED AS TO FORM �.
RESOLUTION NO. 985
OF THE COMMUNITY REDEVELOPMENT AGENCY OF TIfE CITY
OF PALM SPRINGS, CALIFORNIA, APPROVING A LOAN
AGREEMENT BETWEEN THE CITY OF PALM SPRINGS AND THE
COMMUNITY REDEVELOPMENT AGENCY IN THE AMOUNT OF
$19, 000 AT 6% PER ANNUM SIMPLE INTEREST.
BE IT RESOLVED by the Community Redevelopment Agency of the City of
Palm Springs, California, that a Loan Agreement between the City of
Palm Springs and the Community Redevelopment Agency of the City of
Palm Springs, in the amount of $19, 000 at 6% per annum simple
interest, for parking lot improvements on the Agency-owned parking
lot adjacent to the Vineyard shopping center, is hereby approved.
ADOPTED this 6th day of September , 1995.
AYES: Members Hodges, Kleindienst, Lyons, Reller-Spurgin and Chairman Maryanov
NOES: None
ABSENT: None
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY 07' PALM SPRINGS, CALIFORN.1A
$y
�_'Asslstant Secretary / -'Chairman
REVIEWED & APPROVED
RESOLUTION NO. 986
OF THE COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF PALM SPRINGS, CALIFORNIA
APPROVING THE PURCHASE OF SIX (6) PARKING LOT
LIGHTING FIXTURES FROM DELTA LIGHTING SYSTEMS
FOR INSTALLATION IN THE AGENCY'S PARKING LOT
ADJACENT TO "THE VINEYARD" IN DOWNTOWN
---------------------------------
WHERAS the Agency owns a parking lot adjacent to "The Vineyard" commercial
center In Downtown Palm Springs which has deficient lighting in terms of
acceptable lighting levels; and
WHEREAS a City standard/themed "single globe" lighting fixture has been
adopted by Public Works for installation in Downtown, and this fixture has
been consistently installed along Palm Canyon Drive per the terms of a City
purchasing agreement with Delta Lighting Systems, Inc., which was awarded
subsequent to a competitive bidding process; and
WHEREAS a slightily modified 'twin globe" version of this fixture was installed
III the Agency-owned parking lot at the former "Bullocks-Wilslifre" property
when it was improved as a public parking lot, and therefore established a
design theme and standard for parking lot lighting in Downtown; and
WHEREAS there is a need to apply this new parking lot lighting standard
consistently through Downtown hn order to promote public safety, discourage
vandalism through unproved illumination and to enhance the aesthetic theme
for this area; and
' WHEREAS Teachers hnsurance and Annuity Association (TIAA) and the Agency
have entered into an Owner Participation Agreement in which TMA has agreed
to pay a total of $19,000.00 for the purchase of six (6) Delta "twin-globe"
parking lot fixtures to be installed on the Agency's parking lot adjacent to "The
Vineyard" and this amount has been received by the Agency and placed inn an
account for this purpose; and
WHEREAS the total cost of these fixtures from Delta equals $19,168.73
Including tax and shipping costs.
NOW THEREFORE BE IT RESOLVED by the Community Redevelopment
Agency of the City of Palm Springs that the purchase of six (6) "twin globe"
standard Downtown parking lot fixtures from Delta Lighting Systems at the
total cost of $19,168.73 is approved for installation at the Agency-owned
parking lot adjacent to "the Vineyard".
ADOPTED this 6th day of September, 1995
AYES: Members Hodges, Kleindienst, 1-yons, Reller-Spurgin & Chairman Maryanov
NOES: None
ABSENT: None
' ATTEST: COMMUNITY REDEVELOPMENT AGENCY
CITY OF P/,�LM SPRINGS, CALIFORNIA
By:
l_ Assistant Secretary ' / Chairmarl
REVIEWED AND APPROVED �q( c
RESOLUTION NO. 987
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY
OF PALM SPRINGS, CALIFORNIA, APPROVING A LEASE
AGREEMENT WITH GLADYS B. MCMILLAN AT 265 NORTH
INDIAN CANYON DRIVE
WHEREAS the Agency owns a building located at 265 North Indian
Canyon Drive, commonly known as the "Rudnick Building", which is
currently vacant and produces .no income to the Agency; and
WHEREAS, the Agency desires to retain ownership of this building
for at least the next two (2) years and to have the building
occupied in order to minimize vandalism and further deterioration
of this vacant property; and
WHEREAS, Gladys B. McMillan wishes to lease approximately 2, 000
square feet of this building for the operation of "Dave's Jewelry
and Loan"; and
WHEREAS, this proposal involves an unassignable two-year lease to
Gladys B. McMillan at a market lease rate of $1 .00/square foot/per
month, with no extension options and no additional expenses being
incurred by the Agency, as a result of this lease.
NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment
Agency of the City of Palm Springs,, that a two-year Lease Agreement
with no extension options, in a form acceptable to Agency Counsel,
be approved with Gladys B. McMillan, for the building located at
265 North Indian Canyon Drive, to be improved and operated as
"Dave's Jewelry and Loan" at the rental rate of $2, 000 per month.
The Agency finds that the lease of the property on the foregoing
basis is the fair market value of the property.
ADOPTED this 6th day of September , 1995.
AYES, Members Hodges, .Lyons, Reller-Spurgin & Chairman Maryanov
NOES: Member Kleindienst
ABSENT: None
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
CITY OF PALM SPRINGS, CALIFORNIA
y
Assistant Secretary Chairman
REVIEWED & APPROVED
gQ
RESOLUTION NO. 988
OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF PALM SPRINGS,
CALIFORNIA, APPROVING THE OWNER
PARTICIPATION AGREEMENT WITH LINSU
DEVELOPMENT COMPANY, L.L.C. TO
' PURCHASE PROPERTY LOCATED AT
SOUTHEAST CORNER OF VISTA CHINO AND
NORTH INDIAN CANYON DRIVE.
---------------------
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. sea. ) to carry out the purpose as the redevelopment in the City
of Palm Springs ("the City") ; and
WHEREAS, on October 19, 1984 by Ordinance Number 1227, the City
Council of the City of Palm Springs approved and adopted a
Redevelopment Plan for the North Palm Canyon Redevelopment Project
Area ("the Plan") ; and
WHEREAS, on July 31, 1985, the Community Redevelopment Agency
entered into an Owner Participation Agreement with Renaissance
Hotel Partnership ("Renaissance") to construct a 105-room hotel
upon the property, located on the southeast corner of Vista Chino
and Indian Canyon Drive; and
WHEREAS, "Renaissance" has defaulted on its obligations and the
Agency served a notice of termination on November 16, 1993 ; and
' WHEREAS, the proposed project is within the North Palm Canyon
Redevelopment Project Area and falls within the parameters of
eliminating a blighted condition; and
WHEREAS, the Linsu Development Company, L.L.C. ("Participant") has
offered to purchase the Site for the expansion of the Developer's
hotel (Desert Shadows Inn) located adjacent to the Site, which
expansion shall include units generating transient occupancy tax;
and
WHEREAS, "Participant" has negotiated an Owner Participation
Agreement with the Community Redevelopment Agency of the City of
Palm Springs; and
WHEREAS, a Notice of Public Hearing concerning the sale was
published in accordance with applicable law; and
WHEREAS, on October 18, 1995, the Agency held a Public Hearing
concerning the sale; and
WHEREAS, the Agency has considered the Agency Summary Report
prepared pursuant to Health and Safety Code Section 33433 , the
staff report, and all the information, testimony and evidence
provided during the public hearing on October 18, 1995.
1 NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment
Agency of the City of Palm Springs as follows:
SECTION 1. The above recitals are true and correct and
incorporated herein.
SECTION 2 . Pursuant to the California Environmental
Quality Act (CEQA) , the Community
Redevelopment Agency finds as follows:
c ra -a - $D
Linsu Resolution 988
October 18, 1995
Page 2
(a) The Mitigated Negative Declaration has
been completed in compliance with CEQA,
the State CEQA Guidelines and the City's
CEQA procedures. The Community
Redevelopment Agency has independently
reviewed and considered the information
contained in the Environmental
Assessment/Mitigated Negative Declaration
and finds that it adequately discusses
the potential significant environmental
effects of the proposed project (land
use, traffic/circulation, parking, air
quality , noise , aesthetics ,
geology/soils, water quality, drainage,
public utilities, public safety,
archaeological/historic resources and
light and glare) , and that on the basis
of the Environmental Assessment and
comments received during the public
review process as of this date, and in
light of the whole record there will be
no adverse environmental effects as a
result of the approval of the project
because mitigation measures identified in
the Environmental Assessment/Mitigated
Negative Declaration have been
incorporated into the project which
mitigate any potential significant
environmental effects to point acceptable
within the community. The Community
Redevelopment Agency further finds that
the Environmental Assessment/Mitigated
Negative Declaration reflects its
independent judgement.
(b) The Mitigation Monitoring Program is in
compliance with Public Resources Code
Section 21081. 6 and is required in order
to assure compliance with the above-
referenced mitigation measures during
project implementation„ These mitigation
measures are referenced in Exhibit A
attached.
(c) Pursuant to Fish and Game Code Section
711.4, this project has a de minimis
impact on fish and wildlife.
SECTION 3 . The Summary Report has been made available to
the public in ',a timely basis and describes and
specifies theifollowing:
(a) The cost of the Agreement to the Agency
could be, $100, 000, 'which is what Agency
would reimburse the Developer. The
Developer, in turn, would be reimbursed
out of tax incremo-l- derived from the
project. The amor ' of tax increment
generated annually would be approximately
$24, 400. I Acquisition costs are to be
C('� -0-
Linsu Resolution 988
October 18, 1995
Page 3
reimbursed by the Developer, who will pay
' fair market value.
(b) The estimated value of the interest to be
conveyed valued at the highest and best
use permitted under the Plan is $399, 000.
(c) The estimated value of the interest to be
conveyed determined at the use and with
the conditions, covenants and development
costs required by the sale is $399, 000.
(d) The purchase price is $399, 000.
(e) The property is being conveyed for the
values estimated in (b) , and, therefore,
there is no land write down.
SECTION 4 . The Agency does hereby find and determine as
follows:
(a) The property was originally developed in
1946; however, after an exhaustive
abatement procedure, the City Council
ordered the demolition of the buildings.
In 1985, the Redevelopment Agency entered
' into an OPA with the Renaissance Hotel
Partnership to construct a 105-unit hotel
with subterranean parking and tennis
courts. The Partnership was never able
to get funding, so the hotel was never
constructed. The land has been vacant
since 1985. Due to the various liens and
litigations pending on the property,
development is not able to proceed and it
remains an eyesore in the community.
Only the Community Redevelopment Agency
is able to take effective legal action to
produce a developable site. The private
sector, acting alone, could not
accomplish the project.
(b) The sale effectuates the purposes of the
Plan and is in the highest and best
interest of the City of Palm Springs and
of the Project Area, and that the sale is
intended to result in the development and
revitalization of a portion of the City
which will help expand and diversify the
City's economic base.
' (c) The Purchase Contract effectuates the
purposes of the Community Redevelopment
Law by reversing or alleviating any
serious physical, social, and economic
burden of the Community which cannot
reasonably be expected to be reversed or
alleviated by private enterprise acting
alone, in that the sale will facilitate
the redevelopment and operation of the
hotel and retail buildings by causing the
01M-a. -/ i
Linsu Resolution 988
October 18, 1995
Page 4
remodel and upgrade of the property,
placing the property in the hands of a
first class, and experienced operator, in
order to maintain existing sales tax
revenue and attract additional commercial
development within the City and increase
the City',s tax base.
(d) The OPA effectuates the purposes of the
Community Redevelopment Law as it is
intended to eliminate blight and promote
the health, safety and general welfare of
the people of Palm Springs.
SECTION 5. The proposed project is consistent with the
Implementation Plan for this area, insofar as
this project will increase tax increment and
will expand an already-existing successful
business. It will increase our tourist
business by expanding a destination-type
resort and creating a beautiful
architecturally inviting project on a
previously vacant, run-down piece of land on a
very busy corner.
SECTION 6. That the consideration payable for the
property is not less than the fair market
value of the property in accordance with the
highest and best use under the Redevelopment
Plan.
SECTION 7. Based on foregoing reasons, the OPA is hereby
approved and incorporated herein by this
reference.
SECTION 8 . The Chairman of the ;Agency, and/or his
designee, is authorized to execute all
necessary documents, in a form approved by the
Agency Counsel.
ADOPTED this 10thi day of October , 1995 .
AYES: Members Hodges, Kleindienst, Lyons, Reller-Spurgin and Chairman Maryanov
NOES: None
ABSENT: None
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
CITY OF PALM SPRINGS, CALIFORNIA
yf
By / �� L C i" �
Asskstaht Secretary Chairman '
REVIEWED & APPROVED -T—Q J ��-
Res No. 988
Page 5
EXHIBIT A
MITIGATION MONITORING PROGRAM
owner Participation Agreement for Linsu Development Corporation to
purchase property located at the southeast corner of Vista Chino
and Indian Canyon Drive. The following represents the City's
Mitigation Monitoring Program in connection with the Mitigated
Negative Declaration.
MITIGATION MEASURE: To minimize Construction Activity
Emissions,the project applicant shall
implement the following mitigation measures
during construction:
1. Prior to any grading permit, the applicant shall obtain
from the City approval of a Fugitive Dust and Erosion Control
Plan which shall indicate the following provisions:
* SCAQMD Rule 403 shall be adhered to, insuring the
clean up of construction related dirt on approach
routes to the site.
* Adequate watering techniques shall be employed to
partially mitigate the impact of construction-
generated dust particles. The water shall be
reclaimed or agricultural canal type, whenever
available. Portions of the project site that are
undergoing earth-moving operations shall be watered
such that a crust will be formed on the ground
surface and then watered again at the end of the
day.
* Grading operations shall be suspended during first
and second stage ozone episodes or when winds
exceed 30 mph.
* Any construction access roads shall be paved as
soon as possible and cleaned after each work day.
The maximum vehicle speed limit on unpaved roads
shall be 15 mph.
2 . During construction, SCAQMD Rule 1108 and 1108 . 1 shall be
adhered to, prohibiting the use of rapid and medium cure
cutback asphalt as well as organic compounds in
emulsified asphalt used during the construction process.
3 . SCAQMD Rule 1113 shall be adhered to, restricting the VOC
content of any architectural coating materials used on-
site to a maximum of 2 . 08 pounds of VOC per gallon.
4 . Any construction equipment using diesel drive internal
combustion engines shall use a diesel fuel with a maximum
of 0. 05% sulfur and a four degree retard.
5 . The project shall use any accumulated blowsand on-site as
a construction material.
' 6 . In the event that accumulated blowsand must be
transported off-site, destinations downwind and outside
of the Blowsand Hazard Zone shall be utilized, whenever
feasible.
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Res. No. 988
Page 6
To reduce long-term wind erosion impacts:
1. During the installation of landscaping, shelter belts and
windbreaks shall be incorporated in the tree planting
plan to reduce the effects of seasonal winds flowing
through the San Gorgonio Pass.
2 . Landscaping shall include berms and ground cover where
necessary to reduce the potential for blowsand across the
site and further downwind.
3 . Any vegetation ground cover to be utilized on-site shall
be planted as soon as possible to reduce the amount of
open space subject to wind erosion. Irrigation systems
needed to water these plants shall be installed as soon
as possible to maintain the ground cover and minimize
wind erosion of the soil.
To reduce long term operational emission impacts (by reducing VMT) :
1. The proposed project shall include the provision of
bicycle lanes and the safe convenient pedestrian paths to
encourage the use of alternative modes of transportation.
2 . The project applicant shall adhere to all SCAQMD Rules
and Regulations.
To reduce construction-related traffic emissions:
1. During construction, the applicant: shall use diesel-
powered construction equipment rather than gasoline
powered equipment to affect exhaust emissions reductions
and evaporative and crankcase HC emissions reductions.
2 . Construction shall be properly maintained and serviced to
minimize exhaust emissions.
3 . Any earth transported on-site shall. be covered and the
wheels and lower portions of transport trucks shall be
sprayed with water before entering and leaving the site.
4 . Construction shall be scheduled to begin on the northern
portion of the site to shield downwind areas from
blowsand early on in the development process.
To reduce construction-related traffic congestion impacts:
1. Construction personnel shall be informed of ride-sharing
and transit opportunities.
2 . Construction parking shall be conficlured to minimize
traffic interference.
3 . Construction operations affecting off-street roadways
shall be scheduled for off-peak traffic hours and shall
minimize obstruction of through traffic lanes.
RESPONSIBLE FOR MONITORING: The pro,ject's construction manager, the
Planning and Building Department, 'and the Engineering Department.
TIMING: Prior to grading plan approval, during the grading and
throughout the entire construction phase.
. i,, t,€.l':FEs:3 13Y _y WE C:OAMU(;* ITY REDEV.
AG EM uY BY RES. HO. V
Res. No. 988
Page 7
MITIGATION MEASURE: Noise abatement procedures
Construction activities shall take place only between
7 : 00 a.m. and 8 : 00 p.m. to reduce noise impacts per the
Palm Springs Noise Ordinance Section 11.74 . 041.
All construction equipment, fixed or mobile, shall be
' equipped with properly operating and maintained mufflers.
Stationary equipment shall be placed such that the
emitted noise is directed away from existing residential
development.
Stockpiling and vehicle staging areas shall be located as
far as practical from residential areas.
RESPONSIBILITY FOR MONITORING: The project's construction manager,
Planning and Building Department,Engineering Department.
TIMING: This shall be checked on a weekly basis throughout the
entire construction phase.
MITIGATION MEASURE: The applicant shall be required to stop all
grading activities if historical or archeological discoveries are
found.
If potential sites are founded during grading activities,
such activities shall be suspended or diverted until such
time a professional archaeologist examines the site and
makes a recommendation.
RESPONSIBLE FOR MONITORING: Planning and Building Department,
Engineering Department.
' TIMING: During grading inspections.
3
Sy 'iliE CAAsI/vivHUY REDEv.
BY RES. 140. k 4
RESOLUTION NO. 989
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE
BUDGET FOR THE 1995-96 FISCAL YEAR.
WHEREAS Resolution 980 approving the budget for the fiscal year
' 1995-96 was adopted on June 21, 1995; 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 980, adopting
the budget for the 1995-96 fiscal year is hereby amended as
follows:
SECTION 1. ADDITIONS
FUND Activity Account Amount
No. 902 0190 4501 $2,087,000
Title:
Low & Moderate Capital Projects Land
Income Housing
Purpose: To appropriatq.funds for the purchase of the land underlying the Coyote
Run Apartments and the Sunrise Mobile Home Park.
SECTION 2 . SOURCE
FUND Activity Account Amount
No.
902 301
Title:
Low & Moderate Fund Balances
Income Housing
Adopted this 15th day of November 1995.
AYES: Members Kleindienst, Lyons, Reller-Spurgin and Mayor Maryanov
NOES: None
ABSENT: Member Hodges
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
OF T4P CITY OF PALM SPRI/N�GS^ R
A�-st. Secretary Chairman
�a
SENT BY:RUTAN & TUCKER ;11- 6-05 ;11 49AM ; P.UTAN & TUCKER 619322832.0,# 2
RESOLUTION NO. 990
OF THE COMMUNITY REDEVF.,,OPMENT AGENCY OF THE CITY OF PALM
SPRINGS APPROVING A PUI CHASE .AND SALE AND ASSIGNMENT OF
LEASE AGREEMENT BE'I`wEY" THE AGENCY AND THE CITY OF PALM
SPRINGS
WHEREAS, the Community Redevelopment Agency of the City of: Palm 1
Springs ("Agency" ) is a public body, corporate and politic,
organized and existing under the California Community Redevelopment
Law ("CRL") (Health & Safety Code 933000 gL geq. ) ; and
WHEREAS, the City of Palm Springs ("City") is a mu>liaipal
corporation and general law city pursuant to state law; and
WHEREAS, City is the owner in fee of a 39. 73 acre site generally
known as the Sunrise Mobile Home Park ("Property") which is subject
to a ground lease ("Lease' ) between City and Santiago Corporation
("Lessee") for the operation of a mobile home park by I,essee; and
WHEREAS, the Lease requires that occupancy be restricted to persons
and families of low and moderate income; and
WHEREAS, pursuant to Health and Safety Code Sections 33334.2 g-t�
sea. , Agency is authorized to expend funds in its Low and Moderate
Income Housing Fund ("Housing Funds") for purchase of real property
for affordable housing provided that such property is restricted
for use by persons and families of low and moderate income for the
longest feasible time subject to the provisions of Health and
Safety Code Section 33334.3; and
WHEREAS, the Agency is authorized under the CRL to use Housing
Funds to acquire the Property from City; and
WHEREAS, the fair market value of the 39. 73 acre Property, as
undeveloped land, has been determined by appraisal to be One
Million Five Hundred Ten Thousand Dollars ($1, 510, 000) ; and
WHEREAS, the City and Agency desire to enter into a Purchase and
Sale and Assignment of Lease Agreement ( "Agreement") to provide the
Agency' s acquisition of the Property from City, using Housing
Funds, for a purchase price of One Million Five Hundred Ten
Thousand Dollars ($1, 510, 000) , and assignment to Agency of the
existing lease between City and Santiago Corporation;
NOW, THEREFORE BE IT RESOLVED by the Community Redevelopment Agency
of the City of Palm Springs, as follows:
Section 1. The Agency hereby finds and determines that the
Agreement between the City and Agency referenced in
the above Recitals, 'a copy of which Agreement is on
file with the Agency Secretary, will provide for
F8M394\0140"-W12121d9d79.1 .11106M
1
SENT RY RUTAN & TUCKER ;11- 6-03 :11;50AM RUTAN & TUCKERS 6193228320:# 3
R990
Page 2
acquisition of the Property from City for fair
Market value, that such Agreement implements the
Purposes of the Housing Fund and the mandate of the
Agency to improve, increase, and preserve the
community's supply of affordable housing, and that
the Agreement is in the best interests and welfare
of the residents of the City in accordance with the
' public purposes and provisions of applicable law,
Section 2 . The Agreement is hereby approved and the Executive
Director is authorized to make .final technical
modifications to the Agreement to finalize it for
signature in a form approved by the Agency Counsel,
and to thereafter sign the Agreement on behalf of
Agency,
Section 3. The Executive Director is authorized to take all
appropriate actions to carry out the purposes of
this Resolution and to implement the Agreement
according to its terms.
ADOPTED this 15th day of November , 1995 ,
AYES: Members Kleindienst, Lyons, Reller-Spurgin and Mayor Maryanov
NOES. None
ABSENT: Member Hodges
ATTEST: COMMUNITY REDEVELOPMENT AGENCY OF
THE CIT/Y,OF PALM SPRINGS, CALIFORNIA
By.(.j' e� c �4�1 ( l��✓tL
' ssistaaiU Secretary % Chairman -
' REVIEWED & APPROVED:
c,ra-- l -3
F92Q94101400/-001=169679.1 e11106195 -2-
SENT BY:RUTAN & TUCKER ;11- 1-95 ; 8:58AM ; RUPAN & TD_KER b_9JtJuef ,
RESOLUTION NO. 991
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM
SPRINGS APPROVING A REIMBURSEMENT AGREEMENT BETWEEN THE
AGENCY AND THE CITY OF PALM SPRINGS
WHEREAS, the Community Redevelopment Agency of the City of Palm 1 Springs ("Agency") is a public body, corporate and politic,
organized and existing under the California Community Redevelopment
Law ("CAL") (Health & Safety Code §33000 _et seq. ) ; and
WHEREAS, the City of Palm Springs ("City") is a municipal
corporation and general law city pursuant to state law; and
WHEREAS, City, Agency, and Coachella Valley Housing Coalition
("Developer") entered into a Disposition and Development Agreement,
with a reference date of January 2, 1991 (the "DDA") ; and
WHEREAS, pursuant to the DDA the parties effected a transaction
whereby City funds were advanced to Agency to permit the Agency to
acquire 15 .18 acres of real property, which the Agency then
conveyed to Developer for the development of an affordable housing
project; and
WHEREAS, City and Agency intended that Agency reimburse City the
fair market value for the 15.18 acre site; and
WHEREAS, City and Agency havel discovered that the Agency
inadvertently failed to reimburse the City; and
WHEREAS, pursuant to Health and Safety Code Sections 33334.2 Al
per. , Agency is authorized to expend funds in its Low and Moderate
income Housing Fund ("Housing Funds") for purchase of real property
for affordable housing, and thus the Agency is authorized under the
CRL to use Housing Funds to reimburse City; and
WHEREAS, the fair market value of the 15.18 acre site as
undeveloped property has been determined to be Five Hundred
Seventy-Seven Thousand Dollars ($577,000) ; and
WHEREAS, the City and Agency desire to enter into a Reimbursement
Agreement to provide the Agency's reimbursement, from Housing
Funds, to City in the amount of Five Hundred Seventy-Seven Thousand
Dollars ($577,000) ;
NOW, THEREFORE BE IT RESOLVED by the Community Redevelopment Agency
of the City of Palm Springs, as follows :
Section 1. The Agency hereby finds and determines that the
Reimbursement Agreement between the City and Agency
referenced in the above Recitals, a copy of which
Agreement is on file with the Agency Secretary,-
07.0941m+094-00JZ2169676.1 .101JU91 crC -lv-q
SENT BY•RUTAN & TUCKER 11- 6-95 11.52AM RUTAN & TUCKER- 6193228320,# 6
R991
Page 2
will provide for reimbursement to the City of the
fair market value for the real property, that such
Reimbursement Agreement implements the purposes of
the Housing Fund and the mandate of the Agency to
improve, increase, and preserve the community's
supply of affordable housing, and that the
Reimbursement Agreement is in the best interests
and welfare of the residents of the City in
' accordance with the public purposes and provisions
of applicable law.
Section 2 . The Reimbursement Agreement is hereby approved and
the Executive Director is authorized to make final
technical modifications to the Reimbursement
Agreement to finalize it for signature in a form
approved by the Agency Counsel, and to thereafter
sign the Reimbursement Agreement on behalf of
Agency.
Section 3 . The Executive Director is authorized to take all
appropriate actions to carry out the purposes of
this Resolution and to implement the Reimbursement
Agreement according to its terms.
ADOPTED this 15th day of November 1995.
AYES: Members Kleindienst, Lyons, Reller-Spurgin and Chairman Maryanov
NOES: None
ABSENT: Member Hodges
ATTEST: COMMUNITY REDEVELOPMENT AGENCY OF
THE CITyy OF PAT,M SPRINGS, CALIFORNIA
By.
� ssis an eCretary Chairman
REVIEWED & APPROVED:
H52�41\OI40A4-OPIT�2169676-I 11fOb193 -2-
1
RESOLUTION NO. 992
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE
BUDGET FOR THE 1995-96 FISCAL YEAR.
WHEREAS Resolution 980 approving the budget for the fiscal year '
1995-96 was adopted on June 21, 1995; 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 980, adopting
the budget for the 1995-96 fiscal year is hereby amended as
follows:
SECTION 1. ADDITIONS
FUND Activity Account Amount
No. 811 0189 4298 $20,000
Title: CBD Monte Vista Hotel Operating Expense
Purpose: Maintain property and secure propertyr while attempting to
sell .
SECTION 2 . SOURCE
FUND Activity Account Amount
No. 811 301
$20,000
Title:
CBD Fund Balance
Adopted this 15th day of November 1995 .
AYES: Members Kleindienst, Lyons, Reller-Spurgin and Chairman Maryanov
NOES: None
ABSENT: None
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
OF I'H,E CITY OF PALM SPRINGS
Asst. Secretary Chairman
RESOLUTION NO. 993
OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF PALM SPRINGS,
CALIFORNIA APPROVING A DISPOSITION
AND DEVELOPMENT AGREEMENT AND
AUTHORIZING THE SALE OF REAL
PROPERTY KNOWN 414 N. PALM CANYON
DRIVE TO HARRY MOSCATEL
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. sea. ) to carry out the purpose as the
redevelopment in the City of Palm Springs ("the City") ; and
WHEREAS, on May 23 , 1973 by Ordinance Number 952 , the City
Council of the City of Palm Springs approved and adopted a
Redevelopment Plan for the Central Business District Project Area
("the Plan") ; and
WHEREAS, Agency staff has negotiated a Disposition and
Development Agreement, ("DDA") to effectuate the sale of the above-
referenced property, which includes a hotel and 5 commercial shops
with HARRY MOSCATEL ("Purchaser") pursuant to which Agency is to
sell Purchaser certain real property within the Project Area, and
Purchaser is to operate the hotel and shops thereon, which use is
consistent with the Plan, the General Plan of the City and City's
Zoning, and which Project use will help expand and diversify the
City's economic base; and
' WHEREAS, the property was vacant for a period of time and was
vandalized, some portions were dilapidated, and the Agency repaired
all the vandalism damage and was able to re-open Site for a period
of 4 1/2 months; at which time, Agency closed hotel for summer and
has kept it closed, while still keeping property maintained and
secured by a full-time caretaker; and
WHEREAS, "Purchaser" agrees to purchase said property in "as
is" condition after a 15-day due diligence and open as either a
hotel or bed and breakfast; and
WHEREAS, a Notice of Public Hearing concerning the sale was
published in accordance with applicable law; and
WHEREAS, on December 6, 1995, the Agency held a Public Hearing
concerning the sale; and
WHEREAS, the Agency has considered the Agency Summary Report
prepared pursuant to Health and Safety Code Section 33433 , the
staff report, and all the information, testimony and evidence
provided during the public hearing on December 6, 1995.
NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment
Agency of the City of Palm Springs, as follows:
Section 1. The above recitals are true and correct and
incorporated herein.
Section 2 . The Agency does hereby find and determine as
follows:
(a) The sale effectuates the purposes of the
Plan and is in the highest and best
interest of the City of Palm Springs and C�a
of the Project Area, and that the sale is
intended to result in the development and `"�
Resolution No. 993
Page 2 c nin _Q 8
revitalization of a portion of the City
which will help expand and diversify the
City's economic base.
(b) The Purchase Contract effectuates the ,
purposes of the Community Redevelopment
Law by reversing or alleviating any
serious physical, social, and economic
burden of the Community which cannot
reasonably be expected to be reversed or
alleviated by private enterprise acting
alone, in that the sale will facilitate
the redevelopment and operation of the
hotel and retail buildings by causing the
remodel and upgrade of the property,
placing the property in the hands of a
first class operator, in order to
maintain existing sales tax revenue and
attract additional commercial development
within the City and increase the City's
tax base.
(c) The DDA effectuates the purposes of the
Community Redevelopment Law as it is
intended to eliminate blight and promote
the health, safety and general welfare of
the people of Palm Springs.
(d) That the consideration payable for the
property is not less than the fair market
value of the property in accordance with
the highest and best use under the
Redevelopment Plan.
Section 3 . The DDA is hereby approved and incorporated
herein by this reference.
Section 4 . The Agency staff is hereby authorized and
directed to take the appropriate action
consistent with the purpose of this
Resolution.
Section 5. James Stuart, doing business as Group One
Service, is hereby appointed and approved as
the Agency's Agent of Record for this
transaction, and shall be compensated a flat
fee commission of $50, 000.
Section 6 . The Chairman is hereby authorized to execute
on behalf of the Agency the DDA and all other
documents necessary in a form approved by the
Agency's legal counsel.
Section 7. The Executive Director is hereby authorized to
make any necessary final technical and
clerical changes to the DDA prior to its
execution, in a form approved by the Agency's
legal counsel.
Resolution No. 993
Page 3
ADOPTED this 6th day of December , 1995.
AYES: Members Barnes, Hodges, Reller-Spurgin and Chairman Kleindienst
' NOES: None
ABSENT: None
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
OF 1Tk E CITY OF PALM SPRING
By ,a
Assistant Secretary Chairman
REVIEWED & APPROVED
RESOLUTION NO. 994
OF THE COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF PALM SPRINGS, CALIFORNIA,
APPROVING THE FIRST AMENDMENT TO THE
PARTICIPATION AGREEMENT WITH JOHN WESSMAN/
DBA WESSMAN DEVELOPMENT COMPANY IN REGARD
TO THE PLAZA DE LAS FLORES SITE, PROVIDING
FOR AN ACCESS AND NO BUILD EASEMENT IN
ORDER THAT THE DEVELOPER'S BUILDING CAN BE
REMODELED AND LIMITING RESTROOM ACCESS.
WHEREAS, the Agency and the City of Palm Springs have entered into a Redevelopment Participatio❑
Agreement (RPA), also referred to as an Owner Participation Agreement, with Wessman Development
Company in regard to the development of the Plaza de las Flores commercial center in Downtown Palm
Springs; and
WHEREAS, the Developer proposes to remodel a portion of the Plaza de las Flores building located on
the Developer Parcel in order to enhance the visibility and leasability of the building fronting Palm
Canyon Drive and to comply with the fire safety requirements of the City's Building Code; and
WHEREAS, a no build easement on the adjacent City-owned parcel, which is the location of the
Welwood Murray Memorial Library, is required in order to meet Building Code requirements; and
WHEREAS, this easement may be granted without detracting or interfering with the continued operation
of the Welwood Murray Memorial Library and will enhance the economic development potential of the
Plaza de las Flores; and
WHEREAS, the City paid over$63,000 toward the construction of restrooms within Developer's building
to be kept available to the public and is now required to pay approximately $19,000 annually for the cost
of maintenance of the public areas and restrooms, which costs are increasing clue to vandalism; and
WHEREAS, the Developer is willing to assume the maintenance of the public areas and restrooms if
public access is limited to tenants, employees and invitees of specified properties in the vicinity.
NOW, THEREFORE, BE IT RESOLVED by the Community Redevelopment Agency of the City of
Palm Springs as follows:
1. The estimated value of the easement interest being conveyed) valued at the highest and best
use is less than $38,000, which is the value of the fee interest if not restricted by the restrictions for
library, public access and non-building purposes. The estimated value of the reduced public access to
the restrooms is difficult to establish since public access is still permitted. The City Council finds the
combined fair market value of the fee interests to be approximately $40,000.
2. The estimated value of the easement interest being conveyed, based upon the limitations on
use of the easement area, and the estimated value of the public access to the restrooms, given the
restrictions on public access included in the Amendment, are deemed to actually be approximately one-
half of the fair market value cited above.
3. The approval of the Amendment will assist in the elimination of blight by permitting the
remodel of Developer's building to permit occupancy of a property in a key location adjacent to the
Historic Plaza Theater District and across from the Spa Hotel Project, contributing to the rentalization
of the commercial core.
C1'1Gc ^ ..—
R994
Page 2
4. The approval of the Amendment will release the City from an obligation to pay approximately
$19,000 annually for maintenance of the restrooms.
5. The approval of the Amendment is consistent with the Agency's adopted Implementation Plan.
6. The consideration received by the Agency is not less than the fair reuse value at the use and
' with the covenants and conditions and development costs authorized by the Amendment.
7. That said First Amendment to the Redevelopment Participation Agreement is hereby approved
and the Executive Director is authorized to execute the Amendment and to take such other actions
necessary to carry out the terms of the Amendment.
ADOPTED this 20th day of December, 1995.
AYES: Members Barnes, Oden Reller-Spurgin and Chairman Kleindienst
NOES: None
ABSENT: None
ABSTAIN Member Hodges
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
CITY OF PALM SPRINGS, CALIFORNIA
Assis`C nt Secretary Chairman
REVIEWED AND APPROVED
RESOLUTION NO. 995
OF THE COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF PALM SPRINGS, CALIFORNIA, FINDING
AND DETERMINING THAT 1 THE PUBLIC: INTEREST,
CONVENIENCE AND NECESSITY REQUIRE THE
ACQUISITION OF CERTAIN REAL PROPERTY FOR
PURPOSES OF ELIMINATION OF BLIGHT ON`VISTA CHINO
ROAD BETWEEN INDIAN CANYON DRIVE AND
CHAPARRAL ROAD IN SECTION It.
WHEREAS on December 20, 1995, after no less than 15 days written notice to the owners of
property described hereafter, as those owners appeared on the last equalized County Assessment
Roll of the Community Redevelopment Agency of the City of Palm Springs ("Agency") held a
hearing for the purpose of allowing the owners of the property a reasonable opportunity to
appear and be heard on the following matters:
A. Whether the public interest and necessity require the project;
B. Whether the project is planned or located in a manner which is most compatible with the
greatest public good and the least private injury; and
C. Whether the property proposed to be acquired is necessary for the project; and
D. Whether the offers required by Government Code Section 7267.2 had been given; and
WHEREAS, the Agency, as a result of said hearing, has determined that the public health,
safety, and welfare require the Agency to acquire those parcels of real property, more
particularly described in Exhibit "A" attached hereto and by this reference made a part hereof,
for the purpose of elimination of blight, including expansion of the Desert Shadows Inn; and
WHEREAS, the project for which the property to be acquired is sought consists of the
elimination of blight, including the proposed expansion of the Desert Shadows Inn and has
previously been reviewed under applicable environmental review procedures, and found not to
cause any significant environmental impact on the environment;
NOW THEREFORE BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF PALM SPRINGS that the Agency does hereby find, determine,
and declare based upon the evidence presented to the Agency as follows:
Section 1. The properties to be acquired are located within the City of Palm Springs, County
of Riverside, State of California located on Vista Chino Road between Indian
Canyon Drive and Chaparral Road', consisting of some 2.22 acres, and are more
specifically described in Exhibit "A" hereto.
Section 2. The public interest and necessity require the project for which the property is
sought, to wit:
The existence of blight in the North Palm Canyon Redevelopment was established
when the redevelopment plan area was approved in October 19, 1984. That
finding is now conclusively established as a matter of law. Acquisition and
assemblage of the property will assist in eliminating economically blighting
�
c, r ht_ /
Resolution No. 995
Patel Property
Page 2
' influences on the property which, because of such constraints, has remained
undeveloped for several years. Moreover, the City's general plan calls .for
promotion of tourism as a primary element of the City's economic base, and the
expansion of the Desert Shadow Inn facility will enhance both the quantity and
range of lodging facilities available to serve the City's tourist trade.
Section 3. The project is located in a manner most compatible with the greatest public good
and the least private injury, to wit: The property is currently undeveloped, such
that acquisition will not displace any person or business. There are no current
plans for development of the property, which appear to be attributable to physical
constraints relating to deteriorated existing structures (including foundations),
economic constraints on the property from liens, and fragmented ownership.
Acquisition for purposes of eliminating blight and expansion of adjacent lodging
facilities onto the property will therefore result in minimal private injury.
Conversely, the project on this location will generate significant public benefit.
It will eliminate an under performing property which has had a negative effect on
the adjacent area, including the Riviera Hotel and other surrounding businesses.
In addition, the project is anticipated to generate additional transient occupancy
tax revenues, and raise property values, resulting in additional tax revenues. .
' Section 4. The property to be acquired is necessary for the project, to wit: The property is
adjacent to the existing Desert Shadows Inn, and is necessary for an integrated
consistent design plan for expansion of that facility. Health and Safety Code
Section 33391 authorizes acquisition of property by eminent domain for
redevelopment purposes, which include elimination of blight in this project area.
Section 5. The acquisition of this property was submitted to and favorably reported upon to
the Agency by the City of Palm Springs Planning Commission, as to conformity
with the City's adopted General Plan pursuant to Section 65402 of the California
Government Code. Such findings were made by the Planning Commission on
December 13, 1995.
Section 6. The offers required by Government Code Section 7267.2 have been made to the
owners of record of the properties to be acquired, by letters dated from October
19, 1995, to November 27, 1995. The Agency had made all reasonable efforts
to reach a negotiated acquisition, but negotiation efforts have not proved
successful.
Section 7. The project for which the property is sought has been reviewed under applicable
environmental regulations, and has been determined not to cause significant
adverse environmental impacts, as evidenced by the initial study/environmental
' assessment for Case No. 5.0701-PD-240. The Agency finds no conditions or
circumstances exist with respect to the project which has not been adequately
analyzed as indicated in that document.
Section 8. The Community Redevelopment Agency of the City of Palm Springs does hereby
declare that it is its intention to acquire said properties in the Agency's name in
accordance with provisions of the laws of the United States of America and the
State of California.
S'
Resolution No. 995 c ra-r
Patel Properly
Page 3
Section 9. The law firm of Rutan & Tucker is hereby authorized and directed to prepare,
institute, and prosecute in the name of the Agency such proceedings, in the
proper court having jurisdiction thereof, as may be necessary for the acquisition
of the fee interest to said property. Said Counsel are also authorized and directed
to obtain any necessary order of the court granting the City the right of immediate
possession and occupancy of the property.
Section 10. The City Clerk of the City of Palm Springs shall certify to the adoption of this
Resolution.
ADOPTED this 20th day of December 1995.
AYES: Members Barnes, Hodges, Oden, ,Reller-Spurgin and Chairman Kleindienst
NOES: None
ABSENT: None
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
OF PALM SPRINGS, CALIFORNIA
By
ssistant Secretary Chairman
REVIEWED & APPROVED:
R-95-036
A
R995
Page 4
e
EXHIBIT "A"
LEGAL DESCRIPTION
' Parcel I:
The northerly 264 feet of the northwest quarter of the northwest quarter of the northwest
quarter of the northwest quarter of Section 11, Township 4 South, Range 4 East, San
Bernardino Base and Meridian, as shown by United Slates Government survey.
Said property is also shown on record of survey on file in Book 5, Page 42, of Records
of Survey, records of Riverside County California;
Excepting therefrom any deposits of oil, gas or other hydrocarbon substances and water
underlying said land, as reserved in deed from Security First National Bank of Los
Angeles to Zora Witkin, recorded December 12, 1935 in Book 262, page 178, of official
records of Riverside County, California however such reservation shall not be deemed
to give the grantor, its successors or assigns, any right to enter upon said premises for
the development of any such water, oil, gas or other hydrocarbon substances.
Parcel 2:
Lots 7 and 8 of Palm Springs Estates No. 5, as shown by map on file in Book 18,
Page(s) 91, of Maps, Records of Riverside County, California;
' Excepting therefrom all deposits of oil, gas or other hydrocarbon, mineral or kindred
substances, and all water underlying said land, provided, however, that the grantor, its
successors or assigns, shall have no right to enter upon said premises for the purposes
of developing any water, gas, oil, hydrocarbon, mineral and/or kindred substances, as
reserved in deed from Security First National Bank of Los Angeles, recorded December
23, 1936 in Book 308, Page 24 of Official Records of Riverside County, California.
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EXHIBIT "A"
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it'll
N. 264 ft. of the northwest 1/4 of the northwest 1/4
of the northwest 1/4 of Section 11 and Lots 7 a,nd 8 ofr;IGN or, scnLE; rILE No
Palm Springs Estates 5 M.B. P 91 R. R. Co. None II1 95-036