SA Resolution 2012-005RESOLUTION NO. SA 2012 - 005
A RESOLUTION OF THE CITY OF LA QUINTA ACTING
AS THE SUCCESSOR AGENGY TO LA QUINTA
REDEVELOPMENT AGENCY ADOPTING AN AMENDED
RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR
THE PERIOD OF JANUARY 2012 THROUGH JUNE 2012
WHEREAS, the City Council of the City of La Quinta ("City Council" or "City,"
as applicable) approved and adopted (i) the Redevelopment Plan for La Quinta Project
Area No. 1 ("Project Area No. 1 " or "Project Area No. 1 Redevelopment Plan," as
applicable) on November 29, 1983, by Ordinance No. 43, as amended on December
20, 1994, by Ordinance No. 258, on August 19, 2003, by Ordinance No. 388, and on
March 16, 2004, by Ordinance No. 402; and (ii) the Redevelopment Plan for La Quinta
Redevelopment Project Area No. 2 ("Project Area No. 2" or "Project Area No. 2
Redevelopment Plan," as applicable) on May 16, 1989, by Ordinance No. 139, as
amended on December 20, 1994, by Ordinance No. 259, on February 3, 2004, by
Ordinance No. 399, on March 16, 2004, by Ordinance No. 403, and on March 16,
2004, by Ordinance No. 404; and
WHEREAS, the La Quinta Redevelopment Agency ("Agency") was engaged
in activities to execute and implement the Project Area No. 1 Redevelopment Plan
and the Project Area No. 2 Redevelopment Plan (collectively, the "Redevelopment
Plans") pursuant to the provisions of the California Community Redevelopment Law
(Health and Safety Code § 33000, et sec.) ("CRL"); and
WHEREAS, as part of the 2011-12 State budget bill, the California
Legislature enacted and the Governor signed, companion bill ABx1 26 requiring that
each redevelopment agency be dissolved; and
WHEREAS, an action challenging the constitutionality of ABx1 26 and ABx1
27 was filed in the California Supreme Court by the California Redevelopment
Association, the League of California Cities, and two individual cities; and
WHEREAS, on December 29, 2011, the Court upheld ABx1 26; and
WHEREAS, Health and Safety Code Section 34169 requires successor
agencies to prepare and adopt a "Recognized Obligation Payment Schedule" that
lists all obligations of the former redevelopment agency that are enforceable within
the meaning of subdivision (d) of Section 34167 for the period of January 2012
through June 2012; and
Resolution No. SA 2012-005
Adoption of Recognized Obligation Payment Schedule
Adopted: April 3, 2012
Page 2
WHEREAS, on March 20, 2012, the City of La Quinta acting as the
Successor Agency to the La Quinta Redevelopment Agency adopted by Resolution
Number SA 2012-003 approving an amended Recognized Obligation Payment
Schedule for the period of January 2012-June 2012; and
WHEREAS, the City of La Quinta acting as the Successor Agency to the La
Quinta Redevelopment Agency wishes to amend the BOPS, which is permitted
under Health & Safety Code Section 34177(a)11); and
WHEREAS, all other legal prerequisites to the adoption of this Resolution
have occurred.
NOW THEREFORE, BE IT RESOLVED, by the City of La Quinta Acting as the
Successor Agency to the La Quinta Redevelopment Agency, as follows:
Section 1. Recitals. The Recitals set forth above are true and correct and
incorporated herein by reference.
Section 2. Adoption of a Recognized Obligation Payment Schedule. In order to
enable the City of La Quinta as Successor Agency to strictly comply with ABx1 26,
and based on the Recitals set forth above, the Successor Agency hereby adopts
the Schedule attached hereto as Exhibit A as the Recognized Obligation Payment
Schedule for the period of January 2012 through June 2012. Pursuant to Health &
Safety Section 341731e1, the Successor Agency's liability, including, but not
limited to, its liability for the obligations on the attached schedule is limited to the
total sum of property tax revenues it receives pursuant to Part 1.85 of AB x1 26.
Section 3. Implementation. The Successor Agency hereby authorizes and directs
the Interim Executive Director to take any action and execute any documents
necessary to implement this Resolution, and further authorizes the Interim
Executive Director to forward the Recognized Obligation Payment Schedule to the
Oversight Board. The Successor Agency further authorizes and directs the Interim
Executive Director to make any modifications to the Recognized Obligation
Payment Schedule required by the Oversight Board, Department of Finance, and/or
State Controller.
Section 4. Severability. If any provision of this Resolution or the application
thereof to any person or circumstance is,held invalid, such invalidity shall not affect
other provisions or applications of this Resolution which can be given effect
without the invalid provision or application, and to this end the provisions of this
Resolution are severable. The Successor, Agency hereby declares that it would
have adopted this Resolution irrespective of the invalidity of any particular portion
thereof.
Resolution No. SA 2012-005
Adoption of Recognized Obligation Payment Schedule
Adopted: April 3, 2012
Page 3
PASSED, APPROVED, AND ADOPTED at the meeting of the City of La
Quinta Acting as the Successor Agency to the La Quinta Redevelopment Agency
held this 3rd of April, 2012, by the following vote, to wit:
AYES: Agency Members Evans, Franklin, Henderson, Osborne, Chair Adolph
NOES: None
ABSENT: None
ABSTAIN: None
00_v_�' 1)�-
DON ADOLPH, M e
City of La Quinta Acting as Successor
Agency to the La Quinta Redevelopment
Agency
ATTEST:
SUSAN MAYSELS, Interi ecretary
City of La Quinta Acting as Successor Agency
To the La Quinta Redevelopment Agency
(AGENCY-SEAL)�
APPROVED AS TO FO
M KAT ERINE JE Ofi, Successor Agency Counsel
City of La Quinta Acting as Successor Agency
To the La Quinta Redevelopment Agency
0 -
0
�
Li
w
s
s
g
�
�
a
8
l
8
m
w
w
w
=
o
O
sO.
.Q Na
c
0
f
QQ a
cm
m!_^
¢N
ER
E�
25K
5
w 5 aAb
..
oo
a'o
AEA
Q
Qo
c
a�
c
g
JA
€d
Eby
gyp'
E
E
8
E.
ygyi±��2
E
E
@�•P$
E
E
Sin co
yE
L'1.Q
R
a��
c
E8
a c
c $ee
u
°
E
E n
-9
o
o
x
Ya
iS
_
P 8
ESo
m
2
>
E
E
g�_
IN
S
! x
d
ay
*
;&
|
�
=
k
#
¥
�
k
§
#
&
§
#
§
a
t
#
m
#
§!|r
,2
#
!
§I\
,
|2
�kk
}
k£�
{ƒ�!
2
4|2
`\kE
�
!
!llkf2|
ll2f2f
�
0
$Q$
N
r3
�
w
w
O
a
o+
w
W
w
w
W
m
w
w
w
W
w
¢
w
W
s
s
s
x
$a
q
d
p
ry�au
r a'
iaRn
ZN "J o52i0
w
w S G
ryw S LC ry
o
< c
2 E
E
E
E
E
E
E
dZN
ain
ci Ee
az
a
�tA
U
e
�
23
ta
m
yE E
m
z
o
N
y
= E
E
aa
'o
ry 2
N
6
$
a
R
M
N
h
a
N
V+
p
�
p
»
N
QN
M
N
N
»
C
N
tp
S E
y�
W
W
W
W
y
W
w
E
M z
m
m
8
8�
51..
8€
t
8
8.
�.
6
g
F .5dS
ffi
E E�
� ¢ O
�S
] `O
?
SC�
�_� �
��
�h r�
�rd
�� C
�• £
`d
�
is
E
F
pp
W
t0
�(mf
WW
N
N
M
N
N
N
N
N
N
7
�
N
N
n
q
N
S
O
E
H
N
N
N
N
N
_N
4
M
N
N_
ja
W
W
W
W
W
W
W
W
p
S
S
`G�o
O
W
O
Q
m
O
f?
(O
0
N
O
Ol
�Np
F
Gy
G
N
T8
9
t
I
I
-R
n
n
n
c
Q`
0�
�
8
8y
8,
8
8p
8
8q
8y
5
8
j
y
Jt
yyy8
a
m
`aS
m
CT
$
5
0
$�8+
ap€
$$
g
g
5
2
a
yy
_
55
c
N
a
n
c
HtCyrr�,'t-o
iii
�i
s
3
E
L C@
0000
.-.
N
R
Q
N
iG
fz�l
W
6
N
ah
�
I
�
a
7
.
!�
|
�
)
a
J
#
R
R
G
G
■
S
#
`
#!
E®
E
E
E
r
E(
F
E
r
IIIi»IlIIƒƒf
Al��i�I
!
�
a
�
!
�
£
`
�!
!
■
!
f
�
k
t$
$$
$f
$f
$$
/
/
77
/ME
.
�
!
2
2
92
!
�