HomeMy WebLinkAboutCC Reso 2013-198 RESOLUTION NO. 2013- l
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CATHEDRAL CITY,
CALIFORNIA, MAKING FINDINGS OF PUBOLIC BENEFIT FOR PROPOSED
TRANSIENT OCCUPANCY TAX SHARING AGREEMENT AND DESIGNATING
APPLICANT AS APPROVED HOTEL UNDER TITLE 3 CHAPTER 3.25 OF THE
CATHEDRAL CITY MUNICIPAL CODE
WHEREAS, at a public hearing, duly noticed and held at the Cathedral City City Council
meeting of March 13, 2013, the City Council received a Transient Occupancy Tax Sharing Report
concerning a proposed Transient Occupancy Tax Sharing Agreement with T2 Development, LLC
( "Applicant "); and
WHEREAS, the ordinance approving Title 8 Chapter 3.25 of the Municipal Code (the
"Program ") was approved at its second reading on September 12, 2012, and was effective thirty
(30) days thereafter; and
WHEREAS, the City Council finds that there are valid reasons for making the findings
contained herein and designating Applicant as an Approved Hotel prior to the effective date of
the Program, subject to the restrictions that no agreement between the City of Cathedral City
and the Applicant shall become effective until the Applicant is Owner of the Doral Desert
Princess Hotel ( "Hotel ") and the Hotel has transitioned to a DoubleTree Hotel franchise; and
WHEREAS, at the public hearing on March 13, 2013, the City Council opened the hearing
for public comment and the presentation of additional evidence regarding the Transient
Occupancy Tax Sharing Report and /or designating Applicant as an Approved Hotel under the
Program; and
WHEREAS, after due deliberation and consideration of all the matters coming before it,
the City Council resolves as follows.
NOW, THEREFORE, BE IT RESOLVED, DETERMINED, AND ORDERED BY THE CITY COUNCIL
FOR THE CITY OF CATHEDRAL CITY, AS FOLLOWS:
SECTION 1. FINDINGS.
The City Council finds as follows:
A. That the Transient Occupancy Tax Sharing Report accurately depicts the likely
benefits to the City and its residents of the proposed renovation of the Hotel of
Applicant and, in particular, the increase of transient occupancy tax receipts by
the City.
B. That the comments, discussion and other evidence presented to the Council in
the public hearing on this matter on balance support the finding set forth in
Section 1.A above.
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C. That Applicant meets all of the requirements of the Program to be designated as
an Approved Hotel.
D. That providing assistance to Applicant under the authority of the Program is
necessary in order to assure the expansion of the business of Applicant and
thereby the increase to the City of transient occupancy tax receipts, thus
providing benefit to the City and its residents.
E. That the evidence considered by the City Council supports a Transient Occupancy
Tax Sharing, as defined in the Program, with Applicant receiving fifty percent
(50 %) of tee Transient Occupancy Tax Increment (as defined in the Program) for
a period of not more than seventeen (17) years.
F. That the Transient Occupancy Tax Base as determined in the Transient
Occupancy Tax Sharing Report is fairly determined and will be the basis for
determining Transient Occupancy Tax Increment.
SECTION 2. APPROVAL OF APPLICANT AS AUTHORIZED BUSINESS.
Applicant is hereby approved as an Authorized Hotel under the terms of the
Program, and City staff is authorized to negotiate the terms of and prepare for the City
Council's review a Transient Occupancy Tax Sharing Agreement in accordance with the findings
in Section 1 of this Resolution, and with the specific condition that said agreement shall not be
effective or enforceable by or against either party thereto until the effective date of the
Program.
SECTION 3. AUTHORIZATION TO SIGN RESOLUTION.
The City Council authorizes the Mayor to sig n this Resolution as the City's
representative. [
SECTION 4. EFFECTIVE DATE.
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This Resolution shall become effective upon the effective date of the Program.
SECTION 5. CERTIFICATION.
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The City Clerk shall certify to the passage and adoption of this Resolution; shall
enter the same in the book of original Resolutions of the City; and shall make a minute of
passage and adoption thereof in the records of the proceedings of the City Council of the City,
in the minutes of the meeting at which this Resolution is passed and adopted.
[THIS SPACE LEFT INTENTIALLY BLANK]
PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council for the City of
Cathedral City held on this 13 day of March, 2013, by the f99l�aowing vote:n S 7 f
Ayes: PC44 i VaA U j,
Noes:
Absent:
Abstain: 18'
hleenl. D -' isa, M•yor
Cit of Cath : ' • I City
ATT
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P i Ha ers, City Clerk 1
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