HomeMy WebLinkAboutCC RES 97-065�
RESOLUTION NO. 97-65
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A RESOLUTION OF THE CITY COUNCIL OF TI� CITY OF
PALM DESERT APPROVING A FIRST AMENDMENT TO
DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN
THE PALM DESERT REDEVELOPMENT AGENCY AND THE
INTRAWFST RESORT OWNERSHIP CORPORATION AND THE
EXECUTION AND RECORDATION OF A NOTICE TERMINATING
AND RELEASING TI� EFFECT OBSOLETE INSTRLIMENTS
AFFECTING TITLE TO PROPERTY
WHEREAS, the Palm Desert Redevelopment Agency (the "Agency") and Intrawest Resort
Ownership Corporation ("IROC") are parties to a Disposition and Development Agreement dated as of
February 13, 1997 (the "DDA"), providing, among other things, for the sale by the Agency to IROC of
the real properry described as Lot 9, Tract 28450, on the terms provided therein; and
WHEREAS,there has been presented to the Agency Board and the City Council a form of First
Amendment to Disposition and Development Agreement providing for certain minor modiflcations to the
DDA as are necessary to cause the close of escrow for the subject property to occur; and
WHEREAS, there are a number of recorded instruments affecting title to the subject property [hat
are obsolete and must be removed from title in order for the close of escrow to occur; and
WHEREAS, there has been presented to the Agency Board and the Ciry Council a form of Notice
of Termination, Cancellation and Release the effect of which removes such obsolete instruments from
encumbering title to the subject property.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Palm Desert
hereby finds, determines, resolves and orders:
THAT the Ciry Council hereby approves the Agency's execution of the First Amendment to
Disposition and Development Agreement.
BE IT FCIRTHER RESOLVED, that the City Council hereby approves the Notice of
Termination, Cancellation and Release and authorizes the Mayor, the Mayor Pro Tem, and the City
Manager, or any one of them alone, to execute same.
BE IT FLTRTHER RESOLVED, that the City Council hereby authorizes the Mayor, the Mayor
Pro Tem, and the Ciry Manager, or any one of them alone, to execute such other reasonable certificates,
documents, instruments, agreements, and non-material amendments, as are recommended by the
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RESOLUTION NO. 97-65
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Executive Director of the Agency and Agency Counsel, which are reasonably required to cause the close
of escrow to occur for the subject property.
PASSED, APPROVED and ADOPTED at a special meeting of the Palm Desert City Council,
held on this 12th day of August, 1997, by the following vote, to wit:
AYES: CRTfFS, SNYDER
NOES: BENSON
ABSENT: SPIEGEL, KELLY
ABSTAIN: NONE
Attest:
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`j�,SHEILAR. GILLIGAN, City Clerk
` City of Palm Desert, California
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