CC Resolution 2011-017770-123-002, 003, 004
770-123-006, 010
770-124-002, 003
770-124-009
770-124-007
RESOLUTION NO. 2011 - 017
A RESOLUTION OF THE CITY OF LA QUINTA
APPROVING PURCHASE AND SALE AGREEMENTS BY
THE LA QUINTA REDEVELOPMENT AGENCY AND FIVE
PROPERTY OWNERS, CONSENTING TO THE
EXPENDITURE OF FUNDS BY THE AGENCY TO ACQUIRE
CERTAIN REAL PROPERTY, AND MAKING CERTAIN
FINDINGS PURSUANT TO HEALTH AND SAFETY CODE
SECTION 33445 WITH RESPECT TO THE AGENCY'S
EXPENDITURE
WHEREAS, the La Quinta Redevelopment Agency ( "Agency ") is a redevelop-
ment agency organized and existing under the California Community
Redevelopment Law ( "Health & Safety Code § 33000 et seq.) ( " CRL ") and has
been authorized to transact business and exercise the powers of a redevelopment
agency pursuant to action of the City Council of the City of La Quinta ( "City
Council" or "City," as applicable); and
WHEREAS, pursuant to the CRL, the City Council approved and adopted the
Redevelopment Plan ( "Redevelopment Plan ") for La Quinta Project Area No. 1
( "Project Area") on November 29, 1983, by Ordinance No. 43; and
WHEREAS, Agency staff have negotiated purchase and sale agreements
(collectively, the "Agreements") with five (5) independent owners of residential real
property located in the Village area of the City (collectively, the "Properties ") for
future public parking and /or road realignment purposes (collectively, the
"Infrastructure Improvements "), to facilitate access to the Village; and
WHEREAS, the Properties are located within the Project Area; and
WHEREAS, the Agreements would provide for the Agency's expenditure of
Three Million Eight Hundred Sixty -Nine Dollars ($3,869,000) plus closing costs to
acquire the Properties;
WHEREAS, with the legislative body's consent and the satisfaction of certain
specified requirements set forth in Health and Safety Code Section 33445, the CRL
authorizes redevelopment agencies to expend tax increment funds to acquire real
property for, and to fund the cost of the installation and construction of, publicly
owned buildings, facilities, and improvements; and
WHEREAS, the Agreements are in accordance with the Redevelopment Plan
and is of benefit: to the Project Area and the City of La Quinta; and
WHEREAS, the Agency's financial contribution pursuant to the Agreements
is necessary to effectuate the purposes of the Redevelopment Plan;
Resolution No. 2011 -017
Village Land Acquisition - P &S Agreements
Adopted: March 15, 2011
Page 2
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of
La Quinta, as follows:
SECTION 1. The above recitations are true and correct.
SECTION 2. Pursuant to Health and Safety Code Section 33445(a), the City
Council of the City of La Quinta finds and determines that:
A. The acquisition of publicly owned land pursuant to the Agreements for the
future development of the Infrastructure Improvements is of benefit to the
Project Area, by helping to eliminate blight within the Project Area, in that
the Infrastructure Improvements consist of public infrastructure
improvements, and the Redevelopment Plan provides for the elimination, and
prevention of the spread, of blight and blighting influences through the
installation, construction, or re- construction of streets, utilities, and other
public facilities and improvements.
B. No other reasonable means of financing the Infrastructure Improvements are
available to the community, for the following reasons: (i) City monies are
dedicated to critical police, fire, and other necessary expenditures, including
other capital improvement projects; (ii) the only practical means of paying for
the Infrastructure Improvements is to use Agency funding; (iii) without
Agency funding for the Infrastructure Improvements, the Infrastructure
Improvements would not be completed, all to the detriment of the Project
Area.
C. The Infrastructure Improvements are consistent with the Agency's
implementation plan adopted pursuant to Health and Safety Code Section
33490 ( "Implementation Plan "), in that improving public infrastructure and
facilities within the Project Area are goals set forth in the Implementation
Plan.
SECTION 3. The Agency's expenditure for the Properties for future development
with the Infrastructure Improvements is necessary to effectuate the purposes of
the Redevelopment Plan and is in the best interests of the City of La Quinta.
SECTION 4. The Agreements are hereby approved. The City Council directs its
City Manager to make final modifications to the Agreements that are consistent
with the substantive terms of the Agreements approved hereby, and to thereafter
sign the Agreements on behalf of the City.
SECTION 5. The City Council directs its City Manager to (i) sign such other and
further documents that require the City's signature, and (ii) take such other and
further actions as may be necessary and proper to carry out the terms of the
Agreements.
Resolution No. 2011 -017
Village Land Acquisition - P &S Agreements
Adopted: March 15, 21011
Page 3
SECTION 6. The City Manager is authorized to accept the conveyances of the
Properties, and to take such other actions and execute such other documents as
may be necessary to implement and effect this Resolution on behalf of the City.
PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta
City Council held on this 15th day of March, 2011, by the following vote to wit:
AYES: Council Members Evans, Franklin, Henderson, Sniff, Mayor Adolph
NOES: None
ABSENT: None
ABSTAIN: None
DON ADO PH, M or
City of La Quinta
U
City of La Ouinta
(City Seal)
ECINO, CMC, CITY CLERK
APPROVED AS TO FORM:
V f—
M NE JENSO Cit Attorney
ey
City of La Quinta