RDA Resolution 2004-017
RESOLUTION NO. RA 2004-017
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i A RESOLUTION OF THE REDEVELOPMENT AGENCY 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 SIL VERROCKRESORT PROJECT
WHEREAS, on the 15th day of May, 2001 the La Quinta City Council (the
'ICity 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 owns 525 acres of
property (the IISilverRock Resort") located in La Quinta Redevelopment Project Area
No.1 (the IIProject 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
- Redeve.lopment Project Area No.1 for an Option Agreement to allow the La Quinta
Redevelopment Agency (the II Agency") an opportunity to complete due diligence
activities related to acquiring the SilverRock Resort; and
WHEREAS, on 15th day of May, 2002, and October 21, 2003, the
Agency made certain findings related to acquiring the SilverRock Resort; and
WHEREAS, the Agency has now approved an updated budget for the
SilverRock Resort project; and
WHEREAS, the Agency 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 Area No.1; and
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Resolution No. RA 2004-017
The SilverRock Resort
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 No.2; and
WHEREAS, Section 518 of the Redevelopment Plans for La Quinta
Redevelopment Project Area 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 Quinta Redevelopment
Agency as follows:
SECTION 1. The above recitations are true and correct and are adopted
as the findings of the Agency Governing Board.
SECTION 2. Pursuant to Health and Safety Code Section 33445(a), the
Agency 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.
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Resolution No. RA 2004-017
The SlverRock Resort
r Adopted: November 16, 2004
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D. This resolution shall take effect from and after its adoption.
PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta
Redevelopment Agency held on the 1 6th day of November, 2004, by the following
vote:
AYES: Members Adolph, Osborne, Perkins, Sniff, Chair Henderson
NOES: None
ABSENT: None
ABSTAIN: None
~
ENDERSON, Chair
r- Redevelopment Agency
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ATTEST:
J N . GREEK, CMC, Agency Secretary
La Quinta Redevelopment Agency
(Seal)
APPROVED AS TO FORM:
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