HomeMy WebLinkAboutRDA RES 550RESOLUTION NO. 550
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT
AGENCY APPROVING A SECOND ADDENDUM TO
EASEMENT AGREEMENT
WHEREAS on February 28, 2008 the City Council of the City of Palm Desert
approved an expansion of the existing Saks Fifth Avenue Building (the "project") at The
Gardens on El Paseo shopping center (the "Gardens"), including an upgrade to the
existing two-story parking structure; and
WHEREAS on or about June 12, 2008, the City Council of the City of Palm
Desert approved a development agreement to provide a development plan for the
project at the Gardens. Among other terms, the development agreement provides that
the project is allowed to operate below the parking ratio of 1 space for each 250 square
feet of floor area (or four spaces for each one thousand square feet of floor area) and
that the total number of parking spaces is allowed to fluctuate by no more than 2% over
time; and
WHEREAS the project is consistent with the Palm Desert Redevelopment Plan
for Project Area No. 1, the implementation plan adopted thereto, and any applicable
Redevelopment Agency agreements in effect; and
WHEREAS the parking structure at the Gardens is subject to an existing non-
- exclusive easement in favor of the Agency for public parking purposes (the "Public
Parking Easement") through that certain Easement Agreement dated April 15, 1999
(recorded on April 30, 1999). Pursuant to a January 8, 2004 Addendum to Easement
Agreement (recorded on April 9, 2004), the easement was modified to afford the
Agency the additional right to install and operate a vehicle storage facility (the "Storage
Improvement Easement") on a portion of the parking structure to serve the City's El
Paseo Courtesy Shuttle Program; and
WHEREAS the project is consistent with the Public Parking Easement and the
Storage Improvement Easement; and
WHEREAS a Second Addendum to Easement Agreement has been prepared to
reflect the project and the revised plan to modify the parking structure.
NOW, THEREFORE, BE IT RESOLVED by the Palm Desert Redevelopment
Agency, as follows:
1. The above recitals are true and correct.
2. The Second Addendum to Easement Agreement is hereby approved.
3. The Chair and Secretary of the Agency shall sign the Second Addendum
to Easement Agreement on behalf of the Agency, and the executive officer
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RESOLUTION NO. 550
of the Agency shall cause the Second Addendum to Easement Agreement
to be recorded in the official records of the County of Riverside.
PASSED, APPROVED and ADOPTED this 26th day of June 2008, by the
following vote, to wit:
AYES: Ferguson, Finerty, Kelly, Spiegel, Benson
NOES: None
ABSENT:None
ABSTAIN:None
JE' : ENSON, Chair ► an
ATTEST:
R. chelle D. Klassen, tecretary
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