Cities Index.
Attachment A - Buyer's Final Settlement Statement

Palm Springs City Council
May 27, 2026

Document
Attachment A - Buyer's Final Settlement Statement
Meeting
May 27, 2026
Body
Palm Springs City Council
Pages
1
Original file
274 KB
Text extracted from the city's file for reading and search. Open the original on palmsprings.primegov.com. That file is the official record.

ATTACHMENT A

BUYER'S FINAL SETTLEMENT STATEMENT

Page 1 of 1 ends

First American Title Company

74770 US Highway 111, Suite 101 •Indian Wells, CA 92210

Office Phone:(760)469-8888 Office Fax:

Buyer’s Final Settlement Statement

Property Address: 550 South Paseo Dorotea,
Palm Springs, CA 92264

File No: RIW-7355874
Officer: Dusty Garza/PS
Settlement Date: 04/09/2026
Disbursement Date: 04/09/2026
Print Date: 04/09/2026, 2:24 PM
Buyer: City of Palm Springs
Address: Attn: City Clerk , 3200 E Tahquitz Canyon Way, Palm Springs, CA 92262 Seller: Paseo Dorotea Management, LLC
Address: 1001 S CAPITAL OF TEXAS HIGHWAY, BUILDING M STE 100, Austin, TX 78746

Charge Description Buyer Charge Buyer Credit
Consideration:

Total Consideration 1,750,000.00

Deposits in Escrow:

Receipt No. 1195824089 on 01/07/2026 by City of Palm Springs 52,500.00 Receipt No. 1195824459 on 04/06/2026 by City of Palm Springs 1,769,011.88

Adjustments:

Seller Credit 10,000.00

Prorations:

County Taxes 04/09/26 to 07/01/26 @$13,149.07/semi 5,990.13 Association Dues 04/09/26 to 05/01/26 @$4,650.43/mo 3,410.32

Title/Escrow Charges to:

Escrow Fee - One Half to First American Title Company 1,350.00 Electronic Service Fee 25.00

Disbursements Paid:

Association Dues - May to Desert Springs Professional Office Park 4,650.43 Professional Fees to CBRE, Inc - Valuation and Advisory 2,450.00 Project Management Services Fee to Turner & Townsend Heery, LLC 5,110.00 Pro Forma to Turner & Townsend Inc. 7,350.00

Cash ( From) (X To) Buyer 51,176.00

Totals 1,831,511.88 1,831,511.88

← All documents from this meeting