Public Financing Agreements and Payments Related to the Downtown Project
The City of Palm Springs entered into a reimbursement agreement with Wessman Development
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.
Project Financing Agreement
Staff Report Approving Project Financing Agreement
Project Financing Agreements
(Additional escrow payment request information pending. This page will be continuously updated.)
For questions concerning this information, please contact the Office of the City Attorney at
760-323-8239 or Veronica.Goedhart@palmspringsca.gov.