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CC Resolution 1991-017^">' RESOLUTION NO. 91-17 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA CONSENTING TO THE APPROVAL BY THE LA QUINTA REDEVELOPMENT AGENCY OF AN OWNER PARTICIPATION AGREEMENT BY AND BETWEEN THE LA QUINTA REDEVELOPMENT AGENCY AND WASHINGTON/ADAMS, L.P., A CALIFORNIA LIMITED PARTNERSHIP, APPROVING THE PROVISION OF PUBLIC IMPROVEMENTS AND MAKING OTHER FINDINGS. WHEREAS, the La Quinta Redevelopment Agenc* hereinafter referred to as the Agency") under the provision of the California Community Redevelopment Law, is engaged in activities necessary for the execution of the Redevelopment Plan for te Redevelopment Project No. 2 hereinafter referred to as the Project Area"); and WHEREAS, Washington/Adams, L.P., a California limited partnership the Participant") proposes to undertake the provision of extensive drainage, traffic, and other infrastructure improvements the Agency Infrastructure Improvements") and to develop substantial private on-site improvements as more fully set forth in the Agreement" as hereinbelow defined; and WHEREAS, based upon the report by the City Engineer and testimony presented by the Participant, substantial efficiencies and cost savings will be realized if the Participant undertakes the Agency Infrastructure Improvements as an integrated project with one contractor in conjunction with the completion of improvements on the Site; and WHEREAS, the Participant proposes to undertake the Agency Infrastructure Improvements and the development of the Site on the terms set forth in the Owner Paticipation Agreement submitted herewith the Agreement"); and WHEREAS, pursuant to the Agreement, the Agency is to bear the cost of certain off-site improvements having a cost in excess of Three Million Dollars $3,000,000), all as more particularly set forth in the Agreement; and WHEREAS, the provision of assistance of the Agency pursuant to the Agreement, which is submitted herewith and is incorporated herein by reference enhances the feasibility of the activities of the Participa*t; and BIB] 07-30-1998-U01 08:44:40AM-U01 ADMIN-U01 CCRES-U02 91-17-U02 ^">' WHEREAS, the Agency and the City Council have duly considered all terms and conditions of the Agreement and believes that the development of the Site pursuant to the Agreement is in the best interests of the City and health, safety, and welfare of its residents, and in accord with the public purposes and provisions of applicable State and local law requirements; and WHEREAS, on April 17, 1990, the City Council approved a Negative Declaration pursuant to its Environmental Assessment 89-150 the Negative Declaration") which encompassed all development contemplated by the Agreement; and WHEREAS, circumstances relative to such development have not changed subsequent to the approval of the Negative Declaration; WHEREAS, the Agency and the City Council have received and considered the report of said Agency staff on the proposed development to be carried out pursuant to said Agreement. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF LA QUINTA DOES RESOLVE AS FOLLOWS: Section 1: The City Council finds and determines that no supplemental or further environmental clearance is required, and that the environmental implications and effects all activities contemplated pursuant to the Agreement have been adequately addressed by the Negative Declaration. Section 2: The City Council finds and determines that: i) the provision of the Agency Infrastructure Improvements is of benefit to the Project Area and the neighborhood in which such Agency Infrastructure Improvements are to be situated; ii) no other reasonable means of financing the Agency Infrastructure Improvements are available to the City of La Quinta; and iii) the provision of the Agency Infrastructure Improvements is exempt from statutory requirements of competitive bidding, based upon the recitals set forth above and the evidence submitted in connection with the consideration of this Resolution. 2/26/91 BIB] 07-30-1998-U01 08:44:40AM-U01 ADMIN-U01 CCRES-U02 91-17-U02 ^">' Section 3: The City Council consents to the approval of the Agreement by the Agency, and the provision of the Agency Infrastructure Improvements pursuant to the terms of the Agreement. ADOPTED this 5th day of March 1991. I hereby cetify that the foregoing Resolution was duly and regularly adopted by the City Council of the City of La Quinta at a regular meeting thereof held on the 5th day of March 1991, by the following vote: AYES: COUNCILMEMBERS: Bohnenberger, Franklin, Rushworth, Sniff & **Tor F*a NOES: COUNCILMEMBERS: ABSENT: COUNCILMEMBERS: ABSTAIN: COUNCILMEMBERS: ity Clerk 2/26/91 BIB] 07-30-1998-U01 08:44:40AM-U01 ADMIN-U01 CCRES-U02 91-17-U02