HomeMy WebLinkAboutCC Reso 2014-07 RESOLUTION NO. 2014-07
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CATHEDRAL
CITY, CALIFORNIA, DESIGNATING APPLICANT AS APPROVED BUSINESS
AND AUTHORIZING A SALES TAX SHARING AGREEMENT WITH DATE
PALM PETROLEUM, INC., UNDER TITLE 3, CHAPTER 3.46 OF THE
CATHEDRAL CITY MUNICIPAL CODE
WHEREAS, at a public hearing, duly noticed and held at the City Council meeting of
Cathedral City on February 12 and February 26, 2014, the City Council received comments and
other evidence concerning a proposed Sales Tax Sharing Agreement with Date Palm
Petroleum, Inc., for the Arco AMPM and associated businesses located at 27900 Date Palm
Drive ("Applicant"); and
WHEREAS, Title 3, Chapter 3.46 of the Municipal Code (the "Program") authorizes the
City Council to enter into a Sales Tax Sharing Agreement; and
WHEREAS, the City Council finds that there are valid reasons for making the findings
contained herein and designating Applicant as an Approved Business; and
WHEREAS, at the public hearing on February 12, 2014, the City Council opened the
hearing for public comment and presentation of additional evidence regarding the designation of
the Applicant as an Approved Business under the Program, and the terms of the Sales Tax
Sharing Agreement; and
WHEREAS, on February 12 and February 26, the City Council duly deliberated and
considered all matters coming before it.
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 Applicant meets all requirements of the Program to be designated as an
Approved Business under the Program.
B. That the Tax Sharing Report accurately depicts the likely benefits to the City and
its residents of the proposed renovation/expansion of the business of the
Applicant, and the increase in sales tax receipts by the City.
C. That the comments, discussion and other evidence presented to the Council
during the public hearing on this matter on balance support the findings set forth
in the Tax Sharing Report.
D. That providing assistance to Applicant under the authority of the Program is the
result of the fiscal analysis that was performed.
E. That the Sales Tax Sharing Program will assure the expansion of the business
and thereby increase the sales tax receipts to the City, thus providing benefit to
the City and its residents.
F. That the evidence considered by the City Council supports a Sales Tax Sharing
Agreement, as defined in the Program, with Applicant receiving forty percent
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(40%) of the Sales Tax Increment (as defined in the Agreement) for a period of
not more than six (6) years, and to enter into a ten (10)-year Operating
Covenant.
G. That the Sales Tax Base as determined in the Tax Sharing Report is fairly
determined and will be the basis for determining Sales Tax Increment.
SECTION 2. APPROVAL OF APPLICANT AS AUTHORIZED BUSIESS
Applicant is hereby approved as an Authorized Business under the terms of the
Program.
SECTION 3. AUTHORIZING SALES TAX SHARING AGREEMENT
That the City Council authorizes preparation of a Sales Tax Sharing Agreement with the
Applicant to receive forty percent (40%) of the Sales Tax Increment for a period of six (6) years
and to enter into a ten (10)-year Operating Covenant.
SECTION 4. AUTHORIZATION TO SIGN RESOLUTION
The City Council authorizes the Mayor to sign this Resolution as the City's
representative.
SECTION 5. EFFECTIVE DATE
This Resolution shall become effective immediately.
SECTION 6. CERTIFICATION
The City Clerk shall certify to the passage and adoption of this Resolution; shall enter
the same in te book of original Resolutions of the City; and shall make a minute of passage and
adoption thereof in the records of te proceedings of the City Council of the City, in the minutes
of the meeting at which this Resolution is passed and adopted.
PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council for the city of
Cathedral City held on this 26th day of February, 2024, by the following vote:
Ayes: CGUS1C111"Y)eYhbC✓5 �nvt) ILK.) Und Pe McA pv i-)a)Lem
V&15ctuez_ ct ld tQciLk z De ,5c
Noes: non-e,
Absent: Y1cfe
Abstain: none
leen J. D osa, ayor
ATTEST:
.1111PAII4....L. „a._ .datAlirard
Howell •
City Clerk
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APPROVED AS TO FORM:
Charles R. Green, City Attorney
APPROVE AS TO CONTENT:
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L A. L ke , Bus. Development Manager
REVIEWED BY:
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Rode ick J. Wo••
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City nag-
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