CC Resolution 2004-055RESOLUTION NO. 2004-055
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA,
CALIFORNIA, ADOPTING THE FISCAL YEAR 2004/2005 THROUGH
2008/2009 CAPITAL IMPROVEMENT PLAN AND MAKIN CERTAIN
FINDINGS PURSUANT TO HEALTH AND SAFETY COD . SECTION
33445(a) AND CONSENTING TO THE EXPENDITURE OF UNDS FOR
THE IMPROVEMENTS
WHEREAS, pursuant to Government Code Section 66002, the City of La
Quinta (the "City") is required to review and adopt a Capital Improvement Plan (the
"Plan"); and
WHEREAS, the City is required to conduct a noticed public hearing for
consideration of adoption of the Plan; and
WHEREAS, notice of the public hearing has been given pursuant to
Government Code Section 65090; and
WHEREAS, the Plan is a five-year planning instrument used by the City to
identify capital improvement needs and to coordinate financing and timing of those
needs in a manner that maximizes the return to the public; and
WHEREAS, the Plan is a statement of the City's goals, objectives and
priorities for a five-year Plan and the financial commitments required to accomplish
those objectives; and
WHEREAS, the Fiscal Year 2004/2005 through 2008/2009 Plan proposes
approximately $11,591,892 in improvement projects and $60,374,086 of
unfunded additional improvement projects over the five-year period, commencing
on July 1, 2004 and ending June 30, 2009; and
WHEREAS, the amount allocated from the Plan for first -year projects, called
the capital budget, proposes $10,458,076 in improvements, as shown in Exhibit 1,
heretofore made a part of this Resolution; and
WHEREAS, there is inadequate funding within the City's General Fund or
from other sources to completely and fully fund the improvements identified within
the capital budget; and
Resolution No. 2004-055
Capital Improvement Plan
Adopted: May 18, 2004
Page 2
WHEREAS, the completion of the improvements identified within the capital
budget will help to obtain the goals and objectives of La Quinta Redevelopment
Project Area No. 1 ("Project Area") as well as to afford an opportunity to eliminate
conditions of blight in the Project Area; and
WHEREAS, it would be in the best interest of the public to completely fund
all improvements identified within the capital budget.
NOW THEREFORE, BE IT RESOLVED, by the La Quinta City Council:
SECTION 1. The above recitations are true and correct and are adopted as
the findings of the City Council.
SECTION 2. The City Council does hereby adopt the Fiscal Year 2004/2005
through 2008/2009 Capital Improvement Plan, and approve the capital budget, as
shown in Exhibit 1, heretofore made a part of this Resolution.
SECTION 2. The City Council hereby consents to Agency funding to be
utilized to fund certain improvements within the Fiscal Year 2004/2005 Capital
Budget.
SECTION 3. Pursuant to Health and Safety Code Section 33445 (a), the City
Council finds and determines that:
A. The proposed improvements identified within the Fiscal Year
2004/2005 Capital Budget are of benefit to the Redevelopment Agency Project
Area No. 1 and to the immediate neighborhoods in which the improvements will be
located.
B. No other reasonable means of financing the improvements are
available to the community.
C. The proposed improvements identified within the Fiscal Year
2004/2005 Capital Budget will assist in the elimination of one or more blighting
conditions inside the Project Area and are consistent with the La Quinta
Redevelopment Agency's implementation plan adopted pursuant to Section 33490.
BE IT FURTHER RESOLVED, the City Council for the City of La Quinta
authorizes the inclusion of said capital budget into the Fiscal Year 2004/2005
operating budget, which appropriates funds for specific facilities, equipment and
improvements.
Resolution No. 2004-055
capital Improvement Plan
Adopted: May 18, 2004
Page 3
PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta
City Council held on this 18th day of May 2004, by the following vote to wit:
AYES: Council Members Henderson, Osborne, Perkins, Sniff, Mayor Adolph
NOES: None
ABSENT: None
ABSTAIN: None
DON ADOLPH, Ma r
City of. La Quinta, California
ATTEST:
S. GREEK, CM , ity Clerk
City of La Quinta, California
(City Seal)
APPROVED AS TO FORM:
M. K TH INE JENSON ity Attor ey
City of La Quinta, California
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