CC Resolution 1991-048^#> RESOLUTION NO.91-48
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT
AGENCY APPROVING THE REVISIONS TO THE
ASSESSMENT/HOOK-UP FEE. SUBSIDY PROGRAM
FOR THE FURNISHING OF ASSISTANCE FOR
AFFORDABLE HOUSING
WHEREAS, the La Quinta Redevelopment Agency the Agency") is in the
process of implementing the Redevelopment Plans the Plans") for Redevelopment
Project Area No. 1 as adopted by City of La Quinta Ordinance No. 34 and
Redevelopment Project Area No.2 as adopted by City of La Quinta Ordinance No.
139 the Project Areas"); and
WHEREAS, the Plans for the Project Areas provide that certain funds are to be
made available to improve and expand the supply of low and moderate income
housing in conformity with the provisions of Section 33334.2 of the California Health
unsafely; and
WHEREAS, the Plans provide for the provision by the Agency of certain public
improvements; and
WHEREAS, the City of La Quinta the City") has established and implemented
four Assessment Districts the Districts"), which will provide certain sewer and
related infrastructure improvements the Improvements") of benefit to residents of
the Project Areas; and
WHEREAS, the Agency currently implements an Assessment/Hook-Up Fee
Subsidy Program the Program") which provides assistance to defray the cost of the
assessment and sewer connection fees *y the Districts for the benefit of persons
who qualify due to income or who covenant to provide affordable housing for a
fifteen-year period; and I',
WHEREAS, it is necessary to make certain modifications to the Program by
incorporating a requirement for a Deed of Trust and Promissory Note which are
attached hereto as Exhibit A and to the Statement of the La Quinta Redevelopment
Agency Assessment/Hook.Up Fee Subsidy Program the Statement"), which is
attached hereto as Exhibit *B", and which are all incorporated herein by reference;
and
WHEREAS, the continued provision of the Improvements will benefit the
Project Areas and there is no other reasonable means available to the community to
finance the Improvements.
NOW, THEREFORE, the La Quinta Redevelopment Agency does resolve as
follows:
1. The above recitals are true and correct.
2. The Agency finds and determines that: a) the provision of the
Improvements will benefit the Project Areas; b) the Improvements directly and
specifically Improve or increase the community's supply of low or moderate Income
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^#>housing; c) there is available to the community no other reasonable means of
financing the improvements than that set forth in the Statement, d) the Program is
currently being implemented, and e) the modifications are necessary to the
continued success of the Program.
3. The Agency approves and adopts the revisions to the Program as
described in the above recitals.
PASSED, APPROVED AND ADOPTED this 18th day of June 1991
by the following vote:
AYES: Council Members Bohnenberger, Rushworth, Sniff, Mayor Pena
NOES: None
ABSENT: Council Member Franklin
ABSTAIN: None
Chairm n
ATT*T:
2
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