CC Resolution 2003-104 RESOLUTION NO. 2003-104
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LA QUINTA, CALIFORNIA MAKING AND UPDATING
CERTAIN FINDINGS PURSUANT TO HEALTH AND SAFETY
CODE SECTION 33445(a) AND CONSENTING TO THE
EXPENDITURE OF FUNDS FOR THE DEVELOPMENT OF
THE SILVERROCK RANCH PROJECT
WHEREAS, on the 15th day of May, 2001, the La Quinta City Council
(the uCity Council") approved the 2001-02 Economic Development Plan which includes
implementation policies supporting economic diversification, business expansion,
economic protection and preservation, and recreational opportunities; and
WHEREAS, the La Quinta Redevelopment Agency ("Agency") now owns
525 acres of property (the "SilverRock Ranch") located in La Quinta Redevelopment
Project Area No. 1 (the "Project Area")which is suitable to attain the aforementioned
objectives; and
WHEREAS, on 16th day of April, 2002, the City Council made findings
pursuant to Health and Safety Code 33345 to approve use of funds from
Redevelopment Project Area No. 1 to allow the Agency to complete activities related
--- to acquiring the SilverRock Ranch and implementing the purchase agreement; and
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WHEREAS, the Agency has approved an updated budget and conceptual
plan for the SilverRock Ranch project; and
WHEREAS, the City Council now wishes to update its prior findings now
that the budget and conceptual plans have been approved; and
WHEREAS, the lack of recreational facilities and the prevalence of
economic maladjustment were documented as conditions of blight that justified the
formation of the Project Area, as cited in the October 1983 Report' to the La Quinta
City Council on the Proposed Redevelopment Plan for La Quinta Redevelopment No. 1;
and
WHEREAS, Section 518 of the Redevelopment Plan for La Quinta
Redevelopment Project No. 1, as amended by Amendment No. 1, authorizes the
Agency to purchase and improve property for park, recreation, cultural and community
facilities; and.
WHEREAS, developing the SilverRock Ranch project would afford the
Agency the opportunity to address some of the aforementioned conditions of blight;
and
Resolution No. 2003-104
The SilverRock Ranch
Adopted: October 21, 2003
Page 2
WHEREAS, there is inadequate funding within the City's General Fund or
from other sources to develop the SilverRock Ranch project; and
WHEREAS, it would be in the best interest of the public to continue to
pursue development of the SilverRock Ranch project.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of La Quinta,
California as follows:
SECTION 1. The above recitations are true and correct and are adoPted as the findings
of the City Council.
SECTION 2. Pursuant to Health and Safety Code Section 33445(a), the City Council
finds and determines that:
A. The continued development of the SilverRock Ranch project is of benefit to the
Project Area and to the immediate neighborhood in which the SilverRock Ranch
is located.
B. No other reasonable means of financing the SilverRock Ranch project are
available to the community.
C. The payment of funds for the development of the SilverRock Ranch project will
assist in the elimination of one or more blighting conditions inside the Project
Area, including the lack of recreational facilities and opportunities, and is
consistent with the Agency's implementation plan adopted pursuant to Section
33490.
D. The City Council consents to the Agency appropriating and expending funds to
implement the development of the SilverRock Ranch and ratifies all prior
expenditures of such funds.
E. This Resolution shall take effect from and after its adoption.
PASSED, APPROVED and ADOPTED at a regular meeting of the City Council of
the City of La Quinta, California held on the 21st of October, 2003, by the following
vote:
Resolution No. 2003-104
The SilverRock Ranch
Adopted: October 21, 2003
Page 3
AYES: Council Members Henderson, Perkins, Sniff, MaYor Adolph
NOES: None
ABSENT: Council Member Osborne
ABSTAIN: None ~ ~
DON' AD(~[LPH, IVl~yor
City of La Quinta, California
ATTEST:
U~.~IE S/. GREEK, CMC-,, Cit~ Clerk
City of La Quinta, California
· (Seal)
APPROVED AS TO FORM:
ity Attorney
City oT La Quinta, California