CC Resolution 2014-024RESOLUTION NO. 2014 - 024
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF LA QUINTA, CALIFORNIA,
APPROVING THE FISCAL YEAR 2014/2015
THROUGH 2O18/2019 CAPITAL
IMPROVEMENT PROGRAM
WHEREAS, pursuant to Government Code Section 66002, the City of
La Quinta ("City") is required to review and approve a Capital Improvement
Program ("CIP"); and
WHEREAS, the City is required to conduct a noticed public hearing for
consideration and approval of the CIP; and
WHEREAS, notice of the public hearing has been given pursuant to
Government Code Section 65090, specifically, the required notice was published
on May 21, 2014 in The Desert Sun; and
WHEREAS, the CIP is a five-year planning instrument used by the City to
identify capital improvement needs and to coordinate financing and timing of those
needs in a manner that maximizes the return to the public; and
WHEREAS, the CIP is a statement of the City's goals, objectives and
priorities for a five-year plan and the financial commitments required to accomplish
those objectives; and
WHEREAS, the Fiscal Year 2014/2015 through 2018/2019 Program
proposes approximately $25,129,035 in improvement projects and $193,031,916
of unfunded additional improvement projects over the five-year period, commencing
on July 1, 2014 and ending June 30, 2019; and
WHEREAS, the amount allocated from the CIP for first -year projects, called
the "Capital Budget," proposes $14,244,766 in improvements, as shown in Exhibit
A, which is attached hereto and made a part of this Resolution;,and
WHEREAS, there is inadequate funding within the City,s ,General Fund or
from other sources to completely and fully fund the improvements identified within
the Capital Budget; and
WHEREAS, it would be in the best interest of the public to completely fund
all improvements identified within the Capital Budget.
Resolution No. 2014-
Capital Improvement Plan
Adopted: June 3, 2014
Page 2
NOW THEREFORE, BE IT RESOLVED, by the La Quinta City Council, as
follows:
SECTION 1. The above recitations are true and correct.
SECTION 2. The City Council hereby approves the Fiscal Year 2014/2015
through 2018/2019 Capital Improvement Program, approves the Capital Budget,
and authorizes the inclusion of the Capital Budget into the Fiscal Year 2014/2015
operating budget, which appropriates funds for specific facilities, equipment and
improvements.
PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta
City Council held on this 3re day of June 2014, by the following vote:
AYES: Council Members Evans, Franklin, Henderson, Osborne, Mayor Adolph
NOES: None
ABSENT: None
ABSTAIN: None
-kT��
DON ADOlIPH, M or
City of La Quinta, California
ATTEST:
SUSAN MAYSELS, CIT CLERI
City of La Quinta, California
(City Seal)
APPROVED A' TO FORM:
M. KATHERINE JENSON, City
City of La Quinta, California
Resolution 2014-024 EXHIBIT A
CITY OF LA QUINTA
CAPITAL IMPROVEMENT PROGRAM
REVENUE SUMMARY
General 2002 Bond Quimby DIF
Project Description Fund Proceeds Funds Transportation Measure A Other Total
2014/2016
FY 2014/2016 SUBTOTAL: 1,546,000 7,500,000 394,887 91,160 774,627 3,923,284 14,244,766