RDA Resolution 2006-002
RESOLUTION NO. RA 2006-002
A RESOLUTION OF THE lA QUINTA REDEVELOPMENT
AGENCY OF THE CITY OF lA QUINTA, CALIFORNIA,
APPROVING A DEVELOPMENT AGREEMENT FOR
PARKING MANAGEMENT, ASSOCIATED WITH AN
APPROVED DEVELOPMENT PROJECT
DEVELOPMENT AGREEMENT 2005-009
NISPERO PROPERTIES, INC.
WHEREAS, California Government Code Section 65864 et seq. (the
"Development Agreement Law") authorizes cities to enter into binding development
agreements with persons having a legal or equitable interest in real property for the
development of such property, all for the purpose of strengthening the public
planning process, encouraging private participation and comprehensive planning,
and identifying the economic costs of such development; and,
WHEREAS, the City Council of the City of La Quinta, California, did on
the 7th day of February, 2006, approve Village Use Permit 2005-032 for a
± 19,433 gross square-foot commercial office building, to include a 935 square-
foot coffee bar use, and inclusive of the Development Agreement (DA 2005-009)
as adopted by Ordinance 426 of the City Council, to be located at the northwest
corner of Main Street and A venida La Fonda, more particularly described as:
LOTS 68 & 77, MB 021/060, DESERT CLUB TRACT UNIT #4
WHEREAS, the Redevelopment Agency of the City of La Quinta,
California, is entering into this Agreement for the sole and exclusive purposes of
providing its consent, as provided in said Development Agreement, to the crediting
of 1 9 parking stalls on the Agency Parking Lot property, as described in said
Development Agreement, towards the Project's parking and for no other purpose;
and,
WHEREAS, the La Quinta Redevelopment Agency finds that all actions
required to be taken by the City precedent to the adoption of this Resolution, have
been regularly and duly taken.
NOW, THEREFORE, BE IT RESOLVED by the La Quinta Redevelopment
Agency of the City of La Quinta, as follows:
1 . That the above recitations are true and constitute the findings of the Agency
in this case;
Resolution No. RA 2006-002
Development Agreement 2005-009
Nispero Properties, Inc.
February 21, 2006
Page 2
2. That it does hereby approve Development Agreement 2005-009 for the
reasons set forth in this Resolution.
PASSED, APPROVED, and ADOPTED at a regular meeting of the La
Quinta Redevelopment Agency, held on this the 21 st day of February, 2006, by the
following vote, to wit:
AYES: Members Adolph, Henderson, Sniff, Chair Osborne
NOES: None
ABSENT: One Vacancy
ABSTAIN: None
ATTEST:
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DEBORAH POWELL, Acting Agency Secretary
La Quinta Redevelopment Agency
(AGENCY SEAL)
APPROVED AS TO FORM:
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