CC Resolution 1992-033^#A RESOLUTION NO. 92-33
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA
QUINTA APPROVING AND MAKING CERTAIN FINDINGS
REGARDING PU*LIC IMPROVENENTS.
WHEREAS, the La Quinta Redevelopment Agency the Agency.')
is carrying out the Redevelopment Plan the Redevelopment
Plan") for the La Quinta Redevelopment Project No. 2 the
Project"); and
WHEREAS, the Agency has approved an Owner Participation
Agreement the OPA") between Washington/Adams L.P. and the
Agency providing for the development of a retail shopping
center on certain real property the Site") located within the
boundaries of the Project; and
WHEREAS, pursuant to the OPA, the Agency is responsible for
a portion of the costs of certain public improvements to be
constructed and installed in connection with the development of
the Site; and
WHEREAS, one additional public itnprovement, the rough
grading of Adams Street between Highway 111 and Avenue 47, has
become necessary subsequent to the execution of the OPA in
order for the Developer to timely complete the construction of
the Wal-Mart store to be constructed on the Site; and
WHEREAS, the Agency has previously agreed to finance the
cost of that additional public improvement at a later time; and
WHEREAS, the cost of the additional public improvement is
estimated to be approximately Seventy-Three Thousand Dollar*
$73,000); and
WHEREAS, pursuant to Section 33445 of the Community
Redevelopment Law, the Agency is authorized with the consent of
the City Council to be responsible for all or any part of the
value of and the cost of installation and construction of any
building, facility, structure or other improvement which is
publicly owned either within or without the Project Area upon a
determination by the City Council that such building, facility,
structure or other improvement is of benefit to the Project
Area or the immediate area in which the Project is located and
that no other reasonable means of financing such building,
facility, structure or other improvement is available to the
community.
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^#A NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of La Quinta as follows:
Section 1. The City Council hereby finds and determines
that the provision of the additional public improvement
consisting of the rough grading of Adams Street between Highway
111 and Avenue 47 by the Agency in connection with the
development of the Site in the manner set forth in the OPA is
of benefit to the Project Area and that no other reasonable
means of financing such additional public i*provement is
available to the City. The City Council hereby authorizes the
Agency to participate in the costs of installation and
construction of such additional public improvement.
Section 2. The City Council hereby approves and
authorizes execution of an amendment to the OPA which requires
the Developer to undertake the construction of the additional
public improvement and requires the Agency to pay the cost
therefor.
PASSED, APPROVED AND ADOPTED this *17th day of March
1992.
I hereby certify that the foregoing Resolution was
duly and regularly adopted by the La Qui nta City Council at a
ular meeting thereof held on the 17th day of
arch 1992, by the following vote:
AYES: Council Members Franklin, Rushworth, Sniff & Mayor Pena
NOES: None
ABSENT: None
ABSTAIN: Council Member Bohne rger
ity Clerk
03/16/92
Qq5Ou/25B8/OOO 2
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08-03-1998-U01
04:52:18PM-U01
ADMIN-U01
CCRES-U02
92-U02
33-U02