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PCRES 2003-074PLANNING COMMISSION RESOLUTION 2003-074 A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF LA QUINTA, CALIFORNIA APPROVING THE PRELIMINARY PLAN FOR THE REDEVELOPMENT PROJECT AREA NO. 2 AMENDMENT AND AUTHORIZING SUBMITTAL OF THE PRELIMINARY PLAN CASE: LA QUINTA REDEVELOPMENT PROJECT AREA NO. 2 REDEVELOPMENT PLAN AMENDMENT APPLICANT: LA QUINTA REDEVELOPMENT AGENCY WHEREAS, the California Community Redevelopment Law provides that increasing the tax increment limit contained in a Redevelopment Plan constitutes a Major Redevelopment Plan Amendment.; and WHEREAS, the Law provides that the community's Planning Commission, in cooperation with the Redevelopment Agency, shall formulate and consider a Preliminary Plan for the major Redevelopment Plan Amendments; and WHEREAS, the Planning Commission of the City of La Quinta, California, did on the 9th day of September 2003, review the Preliminary Plan for the La Quinta Redevelopment Project Area No. 2 Amendment, wherein said Amendment is proposed to increase the tax increment limit contained in the Redevelopment Plan for La Quinta Redevelopment Project No. 2. NOW, THEREFORE, BE IT RESOLVED by the Planning Commission of the City of La Quinta, California, as follows: 1. The Commission hereby approves and submits to the La Quinta Redevelopment Agency the Preliminary Plan for the La Quinta Redevelopment Project Area No. 2 Amendment as submitted herewith and attached hereto as Exhibit A. Planning Commission Resolution 2003-074 Redevelopment Project Area No. 2 Plan Amendment Adopted: September 9, 2003 PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta Planning Commission held on this 9`" day of September 2003, by the following vote, to wit: AYES: Commissioners Quill, Tyler, and Chairman Kirk NOES: None ABSENT: Commissioners Abels and Daniels ABSTAIN: None MOM K, Chairman i of La Quinta, California ATTEST: iY HERMAN, Community Development Director of La Quinta, California La Quinta Redevelopment Project No. 2 Amendment September 2, 2003 La Quinta Redevelopment Agency 78-495 Calle Tampico La Quinta, Califomia 92253 Rosenow Spevacek Group, Inc. 217 North Main Street, Suite 300 Santa Ana, California 92701-4822 Phone: (714) 5414585 Fax: (714) 836-1748 __ E-Mail: info@webrsg.com Preliminary Plan La Quinta Redevelopment Project No. 2 Amendment Introduction...............................................................................I Project Area Location and Description.....................................2 General Statement of Planning Elements.................................2 LandUses........................................................................................................2 General Statement of Proposed Layout of Principal Streets.....................3 General Statement of Proposed Population Densities...............................3 General Statement of Proposed Building Intensities.................................3 General Statement of Proposed Building Standards.................................4 Attainment of the Purposes of the Redevelopment Law ..........4 Consistency with the General Plan of the City .........................4 General Impact of the Proposed Project upon the Residents of the Project Area and Surrounding Neighborhoods ....................4 Exhibit A - Project Area Map.....................................................5 CIWINDOWSTEMPORARY INTERNET FILESOLK62B V RELIMINARYPIAN.DDC Preliminary Plan La Quinta Redevelopment Project No. 2 Amendment This document is the Preliminary Plan ("Plan") for the proposed amendment to the La Quinta Redevelopment Project No. 2 Redevelopment Plan ("Redevelopment Plan"). Its purpose is to provide a general description of the amendment the La Quinta Redevelopment Agency ("Agency') in contemplating. If this Plan is approved by the City of La Quinta Planning Commission ("Planning Commission") and the Agency, the process would commence to amend the Redevelopment Plan for La Quinta Redevelopment Project No. 2 ("Redevelopment Plan") to increase the limit on the cumulative tax increment revenue from $400,000,000 to $1,500,000,000. This increase is being proposed in order to continue with projects and programs that eliminate blight, to fund new affordable housing programs and projects, and to accommodate repayment of existing bond and other debt obligations. The Redevelopment Plan was adopted in 1989 and subsequently amended in 1994 to incorporate modifications required by AB 1290. Since 1989, the Agency has been actively implementing redevelopment projects and programs that address blight, correct infrastructure deficiencies, increase and improve the supply of affordable housing, and stimulate economic development. In accordance with Section 33324 of the California Community Redevelopment Law ("Law"), this Plan must: • Describe the boundaries of the La Quinta Redevelopment Project Area No. 2 ("Project Area"); • Contain a general statement of land uses and of the layout of principal streets, population densities, building intensities and standards for the Project Area; • Show how the purposes of the Law would be attained by redevelopment of the Project Area; • Show how redevelopment within Project Area is consistent with the community's general plan; and ROSENOW SPEVACEK GROUP, INC. PAGE 1 AMENDED PRELIMINARY PLAN LA QUINTA REDEVELOPMENT PROJECT NO.2 AMENDMENT Describe, generally, the impact of the project upon residents of the Project Area and surrounding neighborhoods. The Project Area is located in the city of La Quinta, County of Riverside, California. The Project Area includes commercial residential and institutional land uses and is approximately 3,116 acres in size. Encompassing the northern area of the City, the Project Area is bounded by Avenue 50 to the south, Fred Waring Drive (Avenue 44) to the north, Washington Street to the west, and Jefferson Street to the east. The Project Area also includes property west of Washington Street, north of the prolongation of the future alignment of Avenue 48; property surrounding Point Happy, north of Highway 111 and west of Washington Street; and property easterly of Jefferson Street and north of Highway 111. The Amendment will not modify the planning elements that guide implementation activities. The planning elements contained in the Redevelopment Plan mirror the applicable provisions of the General Plan and all other state and local codes and guidelines, as they may be amended from time to time. Land Uses The Amendment will not modify permitted land uses. Permitted land uses will continue to be those allowed by the General Plan, as it is constituted today or is hereafter amended. Current permitted General Plan land uses are as follows: Low Density Residential (LDR) [2-4 du/ac] Medium Density Residential (MDR) [4-8 du/ac] High Density Residential (HDR) [8-16 du/ac] Regional Commercial (RC) Community Commercial (CC) Neighborhood Commercial (NC) ROSENOW SPEVACEK GROUP, INC. PAGE 2 AMENDED PRELIMINARY PLAN LA QUINTA REDEVELOPMENT PROJECT NO.2 AMENDMENT Tourist Commercial (TC) Office Commercial (0) Major Community Facilities (MC) Commercial Park (CP) Parks and Recreation (P) Open Space (OS) Water (W) General Statement of Proposed Layout of Principal Streets The Amendment will not change the layout of principal streets. Exhibit A presents a map of the Project Area that identifies the principal streets. These include: Highway 111, Avenue 50, Avenue 48, Avenue 46, Fred Waring Drive (Avenue 44), Jefferson Street, Dune Palms Road, Adams Street, and Washington Street. The layout of principal streets, and those that may be developed in the future shall conform to the General Plan as currently adopted or is hereafter amended. General Statement of Proposed Population Densities The Amendment will not change population densities. As provided in the Redevelopment Plan, population densities will conform to the General Plan and zoning code, as currently adopted or as hereafter amended, and other applicable codes and ordinances. General Statement of Proposed Building Intensities The Amendment will not change building intensity, which shall continue to be controlled by limits on the: Percentage of the building site covered by the building (land coverage); Size and location of the buildable area on the building site; and Height of the building. These limits shall be in accordance with the General Plan and zoning code, as it now exists or is hereafter amended. ROSENOW SPEVACEK GROUP, INC. PAGE 3 AMENDED PRELIMINARY PLAN LA QUINTA REDEVELOPMENT PROJECT NO.2 AMENDMENT General Statement of Proposed Building Standards The Amendment will not change building standards. Building standards shall continue to conform to applicable codes and ordinances. The Project Area was previously selected because it was determined to be a blighted area as then defined by the Law. The Redevelopment Plan contains a $400,000,000 tax increment revenue limit; revenue projections indicated that would be achieved in fiscal year 2020-21, 19 years prior to the year the Redevelopment Plan expires. If the existing tax increment limit is not increased, then the Agency must cease all redevelopment and affordable housing activities by 2010 and reserve fund to retire the Project No. 2 tax Allocation Bonds, Series 1998, and repay outstanding City General Fund loans. This would impair the Agency's ability to address the remaining blighting conditions within the Project Area, and significantly limit the Agency's ability to fund new affordable housing initiatives. Addressing remaining blight and the provision of affordable housing attain the purposes of the Redevelopment Law. Because land uses, transportation, and other development standards incorporate existing General Plan policies, this Plan is consistent with the General Plan. This Plan does not propose to institute additional land use policies not otherwise permitted by the General Plan. The Amendment will improve economic and physical conditions, and expand affordable housing opportunitities. By amending the Redevelopment Plan, the Agency will gain additional financial capacity to facilitate additional infrastructure improvements, enhance economic development activities, improve community facilities, and improve existing and provide new affordable housing opportunities. ROSENOW SPEVACEK GROUP, INC. PAGE 4 Preliminary Plan La Quinta Redevelopment Project No. 2 Amendment ROSENOW SPEVACEK GROUP, INC. PAGE 5