CC Resolution 2009-014RESOLUTION NO. 2009-014
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LA QUINTA ELECTING TO RECEIVE TAX REVENUES
PURSUANT TO HEALTH AND SAFETY CODE SECTIONS
33607.5 AND 33607.7 FROM THE LA QUINTA
REDEVELOPMENT PROJECT AREA NO. 1
WHEREAS, The City Council of the City of La Quinta ("City Council") and
the La Quinta Redevelopment Agency ("Agency") in 2003 amended La Quinta
Redevelopment Project No. 1 to eliminate the time limit to incur debt (the time
period was 20 years from the date the Redevelopment Project was adopted (1983)
or 2003);and,
WHEREAS, Pursuant to Health & Safety Code Section 33607.7, this action
initiated fiscal mitigation payments to those entities that did not have fiscal
mitigation agreements; these entities are Coachella Valley Public Cemetery, the
Riverside County Superintendent of Schools, the Coachella Valley Parks and
Recreation District, the Riverside County Resource Conversation District, and the
City of La Quinta; and,
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LA QUINTA,
DOES HEREBY FIND, DETERMINE AND RESOLVE AS FOLLOWS:
SECTION 1. The City elects to receive all payments pursuant to Health &
Safety Code Sections 33607.5 and 33607.7 relating to the amendment to the La
Quinta Redevelopment Project No. 1 referenced above, commencing as of fiscal
year 2004-2005, and each fiscal year thereafter.
SECTION 2. The City Council directs staff to transmit a copy of this
Resolution to the La Quinta Redevelopment Agency and the Auditor Controller of
the County of Riverside.
PASSED, APPROVED AND ADOPTED at a regular meeting of the La Quinta City
Council held on this 17th day of February, 2009 by the following vote:
AYES: Council Members Franklin, Henderson, Kirk, Sniff, Mayor Adolph
NOES: None
ABSENT: None
ABSTAIN: None
Resolution No. 2009-014
Electing to Receive Tax Revenues
Adopted: February 17, 2009
Page 2
DON ADOLP'~i, M
City of La Quinta,
ATTEST:
City of La
~('ONTECINO, CMC, City Clerk
nta, California
(CITY SEAL) -
APPROVED AS TO FORM:
~~
M. A HERI E JENSO City Attorney
City of La Quinta, California