RDA Resolution 2011-011RESOLUTION NO. RA 2011 - 011
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT
AGENCY 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; and
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;
NOW THEREFORE, BE IT RESOLVED by the La Quinta Redevelopment
Agency, as follows:
SECTION 1. The above recitations are true and correct.
SECTION 2. Pursuant to Health and Safety Code Section 33445(a), the La Quinta
Redevelopment Agency finds and determines that:
Resolution No. RA 2011 -011
Village Land Acquisition - P &S Agreements
Adopted: March 15, 2011
Page 2
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.
PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta
Redevelopment Agency held on this 15th day of March, 2011, by the following vote to
wit:
AYES: Agency Members Adolph, Evans, Franklin, Sniff, Chair Henderson
NOES: None
ABSENT: None
ABSTAIN: None
TERR NDERSON, Chairperson
La Qu Redevelopment Agency
Resolution No. RA 2011 -011
Village Land Acquisition - P &S Agreements
Adopted: March 15, 2011
Page 3
ATTEST:
Secretary
L•a,Quinta Red
APPROVED AS TO FORM:
M. KATHERINE JENSO gency Counsel
La Quinta Redevelopment Agency
(Agency Seal)