Public Hearing to Consider an Economic Development Incentive Agreement with Azure Palm Hot Springs Resort and Day Spa Oasis, LLC.

1) Staff Report; 2) Entertain questions of staff from the City Council; 3) Open th e Public Hearing; 4) Take testimony from Applicant; 5) Take testimony from those in favor; 6) Take testimony from those opposed; 7) Take testimony from those in a neutral position; 8) Close the Public Hearing; 9) City Council discussion and questions of St aff; 10) Consider the approval of an Economic Development Incentive with Azure Palm Hot Springs Resort and Day Spa Oasis, LLC (Azure Palm) in the form of a Transient Occupancy Tax (TOT) revenue sharing agreement, providing Azure Palm a 100% subsidy for a p eriod of two years.