Downtown Project Public Documents

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Public Financing Agreements and Payments Related to the Downtown Project

The City of Palm Springs entered into a reimbursement agreement with Wessman Development on
March 31, 2011, for fifty percent (50%) of the preliminary development costs associated with the downtown Palm Springs project. The reimbursement agreement was amended on September 12, 2012. Subsequently, on September 29, 2011, the City entered into a Project Financing Agreement with Palm Springs Promenade, LLC.

The payments to Wessman Development and Palm Springs Promenade, LLC pursuant to these agreements are included below.


Initial Pre-Development Reimbursements
Staff Report on Reimbursement Agreement
Reimbursement Agreement
Request 1
Request 2
Request 3
Requests 4 & 5
Request 6a
Request 6b
Request 6c

Project Financing Agreement
Staff Report Approving Project Financing Agreement
Project Financing Agreements

Escrow Payment Requests
Request 7
Request 8
Request 9
Request 10
Request 11
Request 12
Request 13
Request 14
Request 15
Request 16
Request 17
Request 18


(Additional escrow payment request information pending. This page will be continuously updated.)
 


Downtown Project Construction Schedule Update

 

For questions concerning this information, please contact the Office of the City Attorney at
760-323-8239 or Veronica.Goedhart@palmspringsca.gov.


 

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