HomeMy WebLinkAboutCC Reso 2020-64 RESOLUTION NO. 2020-64
A RESOLUTION OF THE CITY OF CATHEDRAL CITY,
CALIFORNIA ACCEPTING THE DONATION OF MULTIPLE
PARCELS (APN 687-199-001, 687-199-002, 687-212-001,
698-212-002, 687-212-003, 687-212-004, 687-212-005,
portions of 687-212-026, 687-212-019, 687-212-009, 687-
212-010, 687-212-011, 687-212-022, 687-212-023, 687-212-
024, 687-212-027 and approximately 4,870 square feet of
additional land) FROM THE CITY URBAN
REVITALIZATION CORPORATION
WHEREAS, the City Urban Revitalization Corporation ("CURC"), an independent
501(c)(3) non-profit public benefit corporation, wishes to donate multiple parcels of land
generally located southerly of East Palm Canyon, westerly of Van Fleet, southerly of "B"
Street and easterly of Buddy Rogers, identified Assessor Parcel Numbers 687-199-001,
687-199-002, 687-212-001, 698-212-002, 687-212-003, 687-212-004, 687-212-005,
portions of 687-212-026, 687-212-019, 687-212-009, 687-212-010, 687-212-011, 687-
212-022, 687-212-023, 687-212-024, 687-212-027 and approximately 4,870 square feet
of additional land (the "Property"); and
WHEREAS, in furtherance of its mission to ease the burden on local government,
CURC desires to impose a 30-year deed restriction on the land dedication to ensure that
future development on the land generates sales and/or transient occupancy tax, in more
than a de minimis amount as determined by the City Council; and
WHEREAS, the City Council's desire is to accept the donated Property subject to
this 30-year deed restriction; and
WHEREAS, the City Council, in exchange for the land depicted, will reduce the
amount of the outstanding promissory note by $800,000; and
WHEREAS, the City Council has excepted the total value of the donation to be
$1.1 million dollars, with a net donation value of$300,000; and
NOW, THEREFORE, the City Council of Cathedral City does hereby resolve as
follows:
Section 1. The above Recitals are true and correct.
Section 2. The City has determined that the Property is needed by the City for
future development of its Downtown
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Section 3. The City wishes to accept the donation Property from CURC.
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Reso Vo
C1002-007--2931690.1
Section 4. The Mayor, or presiding officer, is hereby authorized to affix his
signature to this Resolution signifying its adoption and the City Clerk, or his duly appointed
deputy, is directed to attest thereto.
Section 5. The City Clerk shall certify to the adoption of this Resolution.
PASSED, APPROVED AND ADOPTED on this 9th day of December 2020.
14. k
R: and le•. , Mayor
ATTEST:
- CA _ /J!
Tracey R. Aartinez
City Clerk
APPROVED AS TO FORM:
Eric S. Vail, City A omey
I hereby certify that the foregoing resolution, Resolution No. 2020-64, was duly passed,
approved and adopted by the City Council of the City of Cathedral City at a regular
meeting held on the 9th day of December, 2020 by the following vote:
AYES: Councilmembers Ross, Lamb and Carnevale; Mayor Pro Tem
Gutierrez and Mayor Gregory
NOES: None
ABSENT: None
ABSTAIN: None
racey R. ,y!artine._
City Clerk
2
Reso No.
C1002-007--2931690.1
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