City Council

13.j SUCCESSOR AGENCY - APPROVE A PURCHASE AND SALE 99\nAGREEMENT BETWEEN THE CITY AND THE SUCCESSOR AGENCY\nAND A COMPENSATION AGREEMENT BETWEEN THE CITY AND THE\nRIVERSIDE COUNTY DESIGNATED TAXING ENTITIES FOR\nASSESSOR'S PARCEL NUMBER 620-400-025\nRECOMMENDATION:\n1. Approve a Purchase and Sale Agreement (PSA) between the City\nof Palm Desert and the Successor Agency to the Palm Desert\nRedevelopment Agency (SARDA) for Assessor’s Parcel Number\n(APN) 620-400-025.\n2. Authorize the City Manager and City Attorney to make non-\nmonetary changes to the PSA.\n3. Authorize the City Manager to execute any and all documents\nassociated with the PSA.\n4. Approve Compensation Agreements between the City of Palm\nDesert and the Riverside County designated taxing entities for\nAPN 620-400-025.\n5. Authorize the City Manager and City Attorney to make non-\nmonetary changes to the Compensation Agreements.\n6. Authorize the City Manager to execute any and all documents\nassociated with the Compensation Agreements.\n7. Appropriate $4,600,000 from unobligated Desert Willow Capital\nFund Balance Account No. 4414195-4809200 for the purchase of\nAPN 620-400-025.