HomeMy WebLinkAboutORD 686ORDINANCE NO. 686
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY
OF PALM DESERT, CALIFORNIA, APPROVING A
DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN
THE CITY AND WILLIAMS DEVELOPMENT CORPORATION
CONCERNING THE SALE BY THE CITY OF THREE ACRES
OF REAL PROPERTY TO THE DEVELOPER FOR THE
PURPOSE OF CONSTRUCTING A PREVIOUSLY APPROVED
AFFORDABLE SEVENTY-TWO UNIT SENIOR HOUSING
APARTMENT PROJECT (PP/CUP 89-18) LOCATED AT
73-600 CATALINA WAY, PALM DESERT, CALIFORNIA.
WHEREAS, the City Council of the City of Palm Desert,
California did on June 25, 1992, hold a duly noticed public hearing
t- consider a Disposition and Development Agreement between the
City of Palm Desert and Williams Development Corporation concerning
the sale by the City of three acres of real property to the
developer for the purpose of facilitating the construction of a
previously approved affordable seventy-two unit senior housing
apartment project (PP/CUP 89-18) located 73-600 Catalina Way, Palm
Desert, California;
WHEREAS, at said public hearing, upon hearing and considering
all testimony and arguments, if any, of all interested persons
desiring to be heard, said City Council did find the following
facts and reasons to exist to approve the agreement:
1. The proposed Disposition and Development Agreement is
consistent with the goals of providing affordable senior citizen
housing as described in the City of Palm Desert Housing Element,
the Palma Village Specific Plan and the Senior Housing Overlay;
2. The proposed project is an appropriate use of the senior
housing in lieu fee fund;
3. The proposed agreement provides the City with sufficient
security to protect the City's financial interest in the project;
4. There exists critical need for affordable senior housing
in the City of Palm Desert;
5. The previously approved affordable seventy-two unit
senior housing apartment project (PP/CUP 89-18) was and is intended
to address this need;
6. The City spent $570,000 of affordable housing funds in
January of 1989 to purchase the real property for this project,
which funds were collected for the express purpose of providing
affordable senior housing, which goal cannot be accomplished if the
completion of this project is delayed;
7. It is absolutely critical that the developer obtain
construction financing for this project and that this project be
completed not later than March, 1993;
S. That the developer cannot obtain construction financing
for the construction of this project unless the Disposition and
Development Agreement is immediately approved by the City of Palm
Desert;
9. That it is critical to this project that the Riverside
County Housing Authority provide financing for the project, which
housing authority financing will be lost unless this project is
approved by the City on or before June 30, 1992;
10. That the prior proposed developer of this project, Cable
& Rylee, Inc. failed to obtain financing for this project. It
appears that the present developer, Williams Development
Corporation, will be able to obtain construction financing in order
to construct this project and thereby meet a critical need within
the City for affordable senior housing, so long as the City
approves the Disposition and Development Agreement attached hereto
as Exhibit "A" on or before June 30, 1992;
11. That the immediate preservation of the public peace,
health, or safety, requires the immediate adoption of this
ordinance to be effective immediately, pursuant to Government Code
$36937(b);
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 of the Council in this case;
2. That the Disposition and Development Agreement, attached
hereto as Exhibit "A" is hereby approved by a four -fifths vote of
this City Council.
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PASSED, APPROVED, and ADOPTED at the regular meeting of the
Palm Desert City Council held this 25th day of June, 1992 by the
following vote, to wit:
AYES: Benson, Crites, Snyder, Wilson, Kelly
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
"-" i)
A,
RICHARD S. KELLY, Mayo of
the City of Palm Desdrrt,
California
�N\
Sheila R.i ligan, Cit Clerk
of the City f Palm Desert, Cali ornia
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