HA Resolution 2011-001RESOLUTION NO. HA 2011 - 001
A RESOLUTION OF THE LA QUINTA HOUSING
AUTHORITY APPROVING A FUNDING AGREEMENT FOR
FUTURE PUBLIC IMPROVEMENTS AND AFFORDABLE
HOUSING IN THE CITY OF LA QUINTA
WHEREAS, the La Quinta Redevelopment Agency ( "Agency "), pursuant to
Health and Safety Code Section 33445, is authorized to provide funding for the
development of publicly owned improvements; and
WHEREAS, the City of La Quinta ( "City ") and Agency mutually desire to
enter into a Funding Agreement for Future Public Improvements and Affordable
Housing in the City of La Quinta (the "Agreement ") to, among other things, set
forth their respective obligations with respect to the funding of certain public
improvements which are outlined on Exhibit "A" and Exhibit "B" of the Agreement
(collectively, the "Public Improvements "); and
WHEREAS, City does not have the funding to plan, design, or build the
Public Improvements without Agency funding; and
WHEREAS, to ensure that the Public Improvements are completed in a timely
manner, the Agency and City wish to enter into the Agreement; and
WHEREAS, City, Agency, and the La Quinta Housing Authority wish to
ensure the continued provision of affordable housing within the community to serve
the needs of existing and future residents who qualify as moderate - income, low -
income, and very low- income; and
WHEREAS, City has been assigned the following affordable housing
obligations pursuant to the Regional Housing Needs Assessment for the years
2008 -2014: Very Low - Income — 1,065 dwelling units, Low - Income — 724 Dwelling
Units, and Moderate - Income — 796 Dwelling Units; and
WHEREAS, to ensure that adequate housing is provided for persons within
Moderate - Income, Low - Income, and Very Low- Income households, the Agency
wishes to transfer to the City or Authority its future Low and Moderate Income
Housing Funds that are not previously pledged for other purposes in order to fund
the affordable housing projects listed on Exhibit "C" of the Agreement ( "Housing
Projects "); and
WHEREAS, City and Authority do not have the funding to plan, design, or
build the Housing Projects without Agency funding; and
WHEREAS, to ensure that the Housing Projects are completed in a timely
manner and that the City's residents of all income categories have descent, safe
Resolution No. HA 2011 -001
Funding Agreement Between City & RDA
Adopted: January 18, 2011
Page 2
and sanitary housing, the Agency desires to fund the Housing Projects through the
Agreement.
WHEREAS, graffiti is a significant blighting condition within Project Area
Nos. 1 and 2;
WHEREAS, with other demands on the City's General Fund, it ability to
timely and fully remove graffiti within Project Area Nos. 1 and 2 has been impaired;
and
WHEREAS, the annual cost of graffiti removal in Project Area Nos. 1 and 2 is
$138,000;
WHEREAS, the Agency wishes to fund the removal of graffiti in Project Area
Nos. 1 and 2 through the execution of the Agreement.
NOW THEREFORE, BE IT RESOLVED,, by the La Quinta Housing Authority, as
follows:
SECTION 1. The above recitations are true and correct.
SECTION 2. The Agreement, a copy of which is on file with the Authority
Secretary, is hereby approved and the Authority Executive Director is hereby
authorized and directed to sign the Agreement.
PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta
Housing Authority held on this 18th day of January, 2011, by the following vote to
wit:
AYES: Authority Members Adolph, Franklin, Henderson, Sniff, Chairp Evans
NOES: None
ABSENT: None
ABSTAIN: None
cy &
LINEYA EVANS, Chairperson
La Quinta Housing Authority
Resolution No. HA 2011 -001
Funding Agreement Between City & RDA
Adopted: January 18, 2011
Page 3
ATTEST:
City of La
, California
(AUTHORITY SEAL)
APPROVED AS TO FORM:
Secretary
104. KATHERINE JEN$OX,, Authority Attorney
City of La Quinta, California