Loading...
CC Resolution 2004-144 RESOLUTION NO. 2004-144 - I A RESOLUTION OF THE CITY OF LA QUINTA MAKING , AND UPDATING CERTAIN FINDINGS PURSUANT TO '. HEALTH AND SAFETY CODE SECTION 33445(8) , RELATING TO THE DEVELOPMENT OF THE SILVERROCK RESORT PROJECT WHEREAS, on the 15th day of May, 2001 the La Quinta City Council (the "City 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 (II Agency") owns 525 acres of property (the "SilverRock Resort") located in La Quinta Redevelopment Project Area No. 1 (the "Project Area") which is suitable to attain the aforementioned objectives; and WHEREAS, on the 16th day of April, 2002 the City Council made findings pursuant to Health and Safety Code 33345 to approve use of funds from r- Redevelopment Project Area No. 1 for an Option Agreement to allow the Agency an opportunity to complete due diligence activities related to acquiring the SilverRock Resort property; and WHEREAS, on 15th day of May, 2002, and October 21, 2003, the City Council made certain findings related to acquiring and developing the SilverRock Resort project; and WHEREAS, the Agency has now approved an updated budget for the SilverRock Resort project; and WHEREAS, the City Council now wishes to update its prior findings now that the budget has been updated; and WHEREAS, the lack of recreational facilities and the prevalence of economic maladjustment were documented as some of the conditions of blight that justified the formation of the Project Area, as cited in the October 1 983 Report to the .La Quinta City Council on the Proposed Redevelopment Plan for La . Quinta Redevelopment Project No.1; and - Resolution No. 2004-144 SilverRock I Implementation Policies Adopted: November 16, 2004 Page 2 WHEREAS, the lack of recreational facilities and the prevalence of economic maladjustment were documented as some of the conditions of blight that justified the formation of Project Area 2; and WHEREAS, . Section 518 of the Redevelopment Plans for La Ouinta Redevelopment Project Nos. 1 and 2, as amended, authorizes the Agency to purchase and improve property for park, recreation, cultural and community facilities; and WHEREAS, developing the SilverRock Resort project would afford the Agency the opportunity to address some of the aforementioned conditions of blight; and WHEREAS, there is inadequate funding within the City's General Fund or from other sources to develop the SilverRock Resort project; and WHEREAS, it would be in the best interest of the public to pursue the development of the SilverRock Resort project. NOW, THEREFORE, BE IT RESOLVED, by the La Ouinta City Council 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 Resort project is of benefit to Project Area Nos. 1 and 2, and to the immediate neighborhood in which the SilverRock Resort is located. B. No other reasonable means of financing the SilverRock Resort project are available to the community. C. The payment of funds for the development of the SilverRock Resort 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 plans adopted pursuant to Section 33490. - ---- -.-- -.-.- -.--- --- Resolution No. 2004-144 SHverRock 'Implementation Policies - Adopted: November 16, 2004 ¡ Page 3 t ì i" D. This resolution shall take effect from and after its adoption. BE IT FURTHER RESOLVED, the City Council for the City of La Quinta consents to the expenditure of the Agency's Project Area 1 and 2 funding for the completion of the SilverRock Resort project. PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City Council held on the .16th day of November, 2004, by the following vote: AYES: Council Members Henderson, Osborne, Perkins, Sniff, Mayor Adolph NOES: None ABSENT: None ABSTAIN: None VJ.w ,..-- f I DON ADOLPH, or i City of La Quinta, California . ATTEST: ~~.~~.~V . U E . GREEK, CMC, . Clerk City of La Quinta, California (City Seal) APPROVED AS TO FORM: . AT ERINE JENS , City Attorney r-- City of La Quinta, California $ ¡ ;