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HomeMy WebLinkAboutORD 1320ORDINANCE NO. 1320 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF, PALM DESERT, CALIFORNIA, APPROVING AN AMENDMENT TO A DEVELOPMENT AGREEMENT FOR MARRIOTT SHADOW RIDGE (DA 98- 1) LOCATED AT 9003 SHADOW RIDGE ROAD CASE NO: DA 98-1, Amendment No. 1 WHEREAS, the precise plan for the Marriott Shadow Ridge project was originally approved subject to conditions by the City Council on November 12, 1998, pursuant to Resolution No. 98-108; and WHEREAS, the original project approval was processed pursuant to a Mitigated Negative Declaration of Environmental Impact, which was certified November 12, 1998; and WHEREAS, the City Council did, at their meeting on December 10, 1998, approve Development Agreement DA 98-1 (adopted as Ordinance No. 888) with Marriott Ownership Resorts, Inc. for Marriott Shadow Ridge, a timeshare project; and WHEREAS, the Planning Commission did, at their meeting on February 17, 2015, approve a two-year term extension for DA 98-1 through December 2020; and WHEREAS, the Planning Commission did, at their meeting on February 21, 2017, hold a duly noticed public hearing to consider the request for approval of an extension to DA 98-1, Amendment No. 1 to extend the development agreement term through December 10, 2030, and did recommend approval of said request to the City Council by its Resolution No. 2689; and WHEREAS, said application has complied with the requirements of the "City of Palm Desert Procedure for Implementation of the California Environmental Quality Act," Resolution No. 2015-75, in that the action to extend the Development Agreement will only extend the term of the build -out and will not extend any environmental impacts and is not subject to further environmental review; and WHEREAS, at said public hearing on the 23`d day of March 2017, City Council heard and considered all testimony and arguments of interested persons regarding the request by Marriott Ownership Resorts, Inc., for approval of the DA 98-1, Amendment No. 1; and NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA, AS FOLLOWS: 1. That the above recitations are true and correct and constitute the findings for approval of the City Council in this case. 2. That DA 98-1 Exhibit "A" attached hereto is hereby approved. ORDINANCE NO. 1320 PASSED, APPROVED, AND ADOPTED by the City Council of the City of Palm Desert, California, at its regular meeting held on this 13th day of April 2017, by the following vote, to wit: AYES: JONATHAN, KELLY, NESTANDE, WEBER, and HARNIK NOES: NONE ABSENT: NONE ABSTAIN: NONE ATTEST: JAN C. HARNIK, MAYOR 11 one Now .. sum 2 ORDINANCE NO. 1320 EXHIBIT "A" RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: City of Palm Desert 73-510 Fred Waring Drive Palm Desert, CA 92260 Attn: City Clerk SPACE ABOVE: TIIIS LINE': FOR RECORDER'S [ISF. Exempt from Recording Fees pursuant to California Government Code Section 6103. FIRST AMENDMENT TO DEVELOPMENT AGREEMENT This FIRST AMENDMENT TO DEVELOPMENT AGREEMENT DA 98-1 ("First Amendment") is made and entered into as of the — day of 2017 (the "Effective Date"), by and between the CITY OF PALM DESERT, a municipal corporation ('`City") and MARRIOTT OWNERSHIP RESORTS, INC., a Delaware corporation ("Developer") and is made with reference to the background facts and circumstances set forth in the Recitals below. RECITALS A. On December 10, 1998, the City and Developer did enter into Development Agreement DA 98-1 (adopted as Ordinance No. 888) ("Development Agreement") for Marriott Shadow Ridge, a timeshare development: B. On February 17, 2015, the Planning Commission did approve a two-year term extension for DA 98-1 through December 2020. That extension was not memorialized in an amendment to the Development Agreement; C. As acknowledged in Section 7.4 of DA 98-1, it was difficult to "predict when or the rate at which phases of the Property will be developed" and that "such decisions depend upon numerous factors which are not within the control of the Developer, such as market orientation and demand, interest rates, absorption completion and other similar factors;" D. Due to the unprecedented and unanticipated economic conditions facing the country, further development of the Marriott Shadow Ridge property has not occurred as originally contemplated; E. City and Developer agree that continued development of the Marriott Shadow Ridge property is in the best interests of'City and the Developer; F. City and Developer now desire to amend DA 98-1 as it applies to Section 5 (Term) to extend the term for an additional 10 years through December 2030; NOW THEREFORE, in consideration of the above recitals and of the mutual covenants contained herein, the parties hereto agree as follows: 72500 0001 1 \295719 -1- 01 2 ORDINANCE NO. 1320 1. Term. Section 5 ("Term") of the Development agreement is amended to provide that the Development Agreement shall expire on December 10, 2030, subject to earlier termination or extension as provided in the Development Agreement. All other provisions of the ... Development Agreement shall remain in the same. IN WITNESS WHEREOF the parties hereto have entered into this First Amendment as of the date and year first above written. Developer MARRIOTT OWNERSHIP RESORTS, INC. a Delaware corporation By: Print Name: Title: City CITY OF PALM DESERT By: on% Jan C. Harnik, Mayor %do Attest: Rachelle D. Klassen, City Clerk City of Palm Desert Approved as to Form: By: Robert W. Hargreaves, City Attorney City of Palm Desert man 72500 0001 1 \295719 01 2 RECORDING REQUESTED BY, AND WHEN RECORDED, MAIL TO: City Clerk's Office City of Palm Desert 73-510 Fred Waring Drive Palm Desert, CA 92260-2578 FOR THE BENEFIT OF THE CITY OF PALM DESERT - NO FEE - 6103 OF THE GOVT. CODE 2017-0203101 05/22/2017 08:43 AM Fee: $ 0.00 Page 1 of 8 Recorded in Official Records County of Riverside Peter Aldana Assessor-CountyClerk-Recorder 1III l� �i 17�1'i!i'�I�i'I III (This Space for Recorder's Use Only) First Amendment to Development Agreement Between City of Palm Desert a Municipal Corporation and Marriott Ownership Resorts, Inc. a Delaware Corporation Legal Description of Property Marriott Shadow Ridge 9003 Shadow Ridge Road, Palm Desert, California Ordinance No. 1320 (Case No. DA 98-1, Amendment No. 1) Dated: April 13, 2017 (Title of Document) 466 RECORDING REQUESTED BY AND WHEN RECORDED MAIL, TO: City of Palm Desert 73-510 Fred Waring Drive Palm Desert, CA 92260 Attn: City Clerk SPACE. ABOVE THIS LINE FOR RECORDER'S USE. Exempt from Recording Fees pursuant to California Government Code Section 6103. FIRST AMENDMENT TO DEVELOPMENT AGREEMENT This FIRST AMENDMENTTO DEVELOPMENT AGREEMENT DA 98-1 ("First Amendment") is made and entered into as of the 131" day of April 2017 (the "Effective Date"), by and between the CITY OF PALM DESERT, a municipal corporation ("City") and MARRIOTT OWNERSHIP RESORTS, INC., a Delaware corporation ("Developer") and is made with reference to the background facts and circumstances set forth in the Recitals below. RECITALS A. On December 10, 1998, the City and Developer did enter into Development Agreement DA 98-1 (adopted as Ordinance No. 888) ("Development Agreement") for Marriott Shadow Ridge, a timeshare development- B. On February 17, 2015, the Planning Commission did approve a two-year term extension for DA 98-1 through December 2020. That extension was not memorialized in an amendment to the Development Agreement; C. As acknowledged in Section 7.4 of DA 98-1, it was difficult to "predict when or the rate at which phases of the Property will be developed" and that "such decisions depend upon numerous factors which are not within the control ofthe Developer, such as market orientation and demand, interest rates, absorption completion and other similar factors;" D. Due to the unprecedented and unanticipated economic conditions facing the country, further development of the Marriott Shadow Ridge property has not occurred as originally contemplated; E. City and Developer agree that continued development of the Marriott Shadow Ridge property is in the best interests of City and the Developer; F. City and Developer now desire to amend DA 98-1 as it applies to Section 5 (Term) to extend the term for an additional 10 years through December 2030; NOW THEREFORE, in consideration of the above recitals and of the mutual covenants contained herein, the parties hereto agree as follows: 72500.0001 1 \295719 01.2 1. Term. Section 5 (`Term") of the Development agreement is amended to provide that the Development Agreement shall expire on December 10, 2030, subject to earlier termination or extension as provided in the Development Agreement. All other provisions of the Development Agreement shall remain in the same. IN WITNESS WHEREOF the parties hereto have entered into this First Amendment as of the date and year first above written. Developer MARRIOTT OWNERSHIP RESORTS. INC.. a Del o tion / B `� Y Print Name: QEir k. 51r?egLAAID. Title: VP a&v64o?mt11r City CITY OF PALM DES ,,T 13*.arnik,-ga-yor Ja Attest: Ra elle D. Klassen, Cit Jerk City of Palm Desert, California Approved as to Foyer: Y: o . Harg eaves, City ttorney City of Pa -n De ert, C4lifor is 72500.00011\295719 _2_ 01.2 A Notary Public or other officer completing this certificate verifies only the identity of the individual who signed the document, to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of £a+tfefi-r s County of CD�(-M'r`rNC-7 ) On J M before me, Date Here Insert Name and Title of the Officer Personally appeared (Names of signers) Who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signatures(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. fFER S. NIX ENN1 MY cOMNNSSION t FF VA203 EXPIRES: May 25, 2020 K•• 'Ax Bonded Thru Notary Pubic Underwriters I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. L S* n t o NotaryPublic 72500 01 1 \295719 -3- 01z State of FLORIDA County Of Ck-0-jile Sworn to (or affirmed) and subscribed before me this dad- of 20 by �t �t �- Cher-�a ►� C� , «rho is personally known to me or ❑ produced a as identification, regarding the attached instrument described as: and to whose signature this notarization applies. JENNIFER S. NIX if MY COMMISSION t FF 954M 19 dz EXPIRES: May 25, 2020 1,.• Bonded Thru Notary Public Undwritea FL-2003-1UR public signature notary public printed name ivvrv.Nota,•FL com provides this form pursuant to Florida Statutes §117.05(13)(a) CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL •. A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of Riverside On May 12, 2017 before me, Date personally appeared Jan C. Harnik M. G. Sanchez. Notary Public Here Insert Name and Title of the Officer Name(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. M. G. SANCHEZ Commission # 2084254 z Notary Public - California z z Riverside County D My Comm. Expires Oct 29, 2018 I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNE Signat Place Notary Seal Above OPTIONAL Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Description of Attached Document Title or Type of Document: First Amendment to Development Agreement (DA 98-1) Marriott Shadow Ridge Document Date: April 13, 2017 Number of Pages: Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer(s) Signer's Name: Jan C. Harnik ❑ Corporate Officer — Title(s): ❑ Partner — ❑ Limited ❑ General ❑ Individual ❑ Attorney in Fact El Trustee ❑ Guardian or Conservator CXOther: Mayor Signer Is Representing: City of Palm Desert Signer's Name: C Corporate Officer — Title(s): ❑ Partner — ❑ Limited l=: General Individual :] Attorney in Fact 1- Trustee ❑ Guardian or Conservator ❑ Other: Signer Is Representing: 02016 National Notary Association • www.NationalNotary.org • 1-800-US NOTARY (1-800-876-6827) Item #5907 ORDINANCE NO. 1320 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF. PALM DESERT, CALIFORNIA, APPROVING AN AMENDMENT TO A DEVELOPMENT AGREEMENT FOR MARRIOTT SHADOW RIDGE (DA 98- 1) LOCATED AT 9003 SHADOW RIDGE ROAD CASE NO: DA 98-1, Amendment No. 1 WHEREAS, the precise plan for the Marriott Shadow Ridge project was originally approved subject to conditions by the City Council on November 12, 1998, pursuant to Resolution No. 98-108; and WHEREAS, the original project approval was processed pursuant to a Mitigated Negative Declaration of Environmental Impact, which was certified November 12, 1998; and WHEREAS, the City Council did, at their meeting on December 10, 1998, approve Development Agreement DA 98-1 (adopted as Ordinance No. 888) with Marriott Ownership Resorts, Inc. for Marriott Shadow Ridge, a timeshare project; and WHEREAS, the Planning Commission did, at their meeting on February 17, 2015, approve a two-year term extension for DA 98-1 through December 2020; and WHEREAS, the Planning Commission did, at their meeting on February 21, 2017, hold a duly noticed public hearing to consider the request for approval of an extension to DA 98-1, Amendment No. 1 to extend the development agreement term through December 10, 2030, and did recommend approval of said request to the City Council by its Resolution No. 2689; and WHEREAS, said application has complied with the requirements of the "City of Palm Desert Procedure for Implementation of the California Environmental Quality Act," Resolution No. 2015-75, in that the action to extend the Development Agreement will only extend the term of the build -out and will not extend any environmental impacts and is not subject to further environmental review; and WHEREAS, at said public hearing on the 23d day of March 2017, City Council heard and considered all testimony and arguments of interested persons regarding the request by Marriott Ownership Resorts, Inc., for approval of the DA 98-1, Amendment No. 1; and NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA, AS FOLLOWS: 1. That the above recitations are true and correct and constitute the findings for approval of the City Council in this case. 2. That DA 98-1 Exhibit "A" attached hereto is hereby approved. ORDINANCE NO. 1320 PASSED, APPROVED, AND ADOPTED by the City Council of the City of Palm Desert, California, at its regular meeting held on this 13th day of April 2017, by the following vote, to wit: AYES: JONATHAN, KELLY, NESTANDE, WEBER, and HARNIK NOES: NONE ABSENT: NONE ABSTAIN: NONE C. HARNIK, MAYOR ATTEST: EACH DOCUMENT To vvHlcH THIS CERTIFICATE Is ATTACHED. IS CERTIFIED TO BE A FULL, TRUE AND CORRECT COPY OF THE ORIGINAL ON FILE AND ON RECORD MY OFFICE. RA LE ELD. K SEN, ITY CLERK Date CITY OF PALM DESERT, CALIFORNIA- Q ' ` CACHE . ,c�ssEN, City cIe�c C)Lt'l C P?r Cal'rfor ' 2