OBRES 2012-009RESOLUTION NO. OB 2012 -009
A RESOLUTION OF THE OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY TO LA QUINTA REDEVELOPMENT
AGENCY MAKING CERTAIN ACKNOWLEDGMENTS AND
APPROVALS WITH RESPECT TO ASSESSOR'S PARCEL
NUMBER 773 - 234 -015 PREVIOUSLY OWNED BY THE LA
QUINTA REDEVELOPMENT AGENCY
WHEREAS, the Oversight Board of the Successor Agency to La Quinta
Redevelopment Agency ( "Oversight Board ") has been established to direct the City
of La Quinta, in its capacity as "successor agency," to take certain actions to wind
down the affairs of the former La Quinta Redevelopment Agency ( "Agency ") in
accordance with the requirements of Assembly Bill 26, also known as chapter 5,
Statutes 2011, First Extraordinary Session, which added Part 1.8 and Part 1.85 of
Division 24 of the California Health and Safety Code ( "ABx1 26 "); and
WHEREAS, in fulfilling its purpose of expanding the supply of low- and
moderate - income housing in the City of La Quinta, the former Agency, utilizing
funds from its Low- and Moderate - Income Housing Fund, acquired ownership of
certain vacant parcels, including a vacant parcel identified as Assessor's Parcel
Number ( "APN ") 773 - 234 -015 located at West side of Avenida Navarro between
Calle Durango and Calle Sonora (the "Affordable Vacant Parcel "); and
WHEREAS, to facilitate the development, operation, and /or use of the
Vacant Affordable Parcel for affordable housing purposes, in March 2011, the
Agency transferred fee title to the Vacant Affordable Parcel to the La Quinta
Housing Authority ( "Authority "); and
WHEREAS, on January 2, 2012, the City Council of the City of La Quinta
( "City Council" or "City," as applicable) adopted City Council Resolution No. 2012-
002, affirmatively electing to be the "successor agency" to the former Agency; and
WHEREAS, on January 17, 2012,
Resolution No. 2012 -02, electing to be
Agency.
the Authority adopted Housing Authority
the "housing successor" to the former
NOW, THEREFORE, the Oversight Board of the Successor Agency to La
Quinta Redevelopment Agency does hereby resolve as follows:
SECTION 1 . The above Recitals are true and correct.
Resolution No. OB 2012 -008
Approval of Property Transfers to Housing Authority
Adopted: April 18, 2012
Page 2
SECTION 2 . The City of La Quinta is the "successor agency" to the former La
Quinta Redevelopment Agency.
SECTION 3 . The La Quinta Housing Authority is the "housing successor" to the
former La Quinta Redevelopment Agency.
SECTION 4 . The Vacant Affordable Parcel is a "housing asset" of the former La
Quinta Redevelopment Agency, as that term is used in Health and Safety Code
Sections 34176(a) and 34177(8 ).
SECTION 5 . The transfer of the Vacant Affordable Parcel as a "housing asset" to
the La Quinta Housing Authority is hereby approved.
PASSED, APPROVED and ADOPTED at a regular meeting of the Oversight
Board of the Successor Agency to the La Quinta Redevelopment Agency held this
18' day of April, 2012 by the following vote, to wit:
AYES: Board Members Ellis, Maysels, Marshall, and Osborne
NOES: Board Member Nelson
ABSENT: Board Member McDaniel
ABSTAIN: Chairperson Pena
f; .
OSBORNE, Vice Chairperson
Oversight Board of the Successor Agency
to La Quinta Redevelopment Agency
ATTEST:
U\
LORI LAFOND
Oversight Board S retary