CC Resolution 1993-104^!F RESOLUTION NO.93-104
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LA QUINTA, CALIFORNIA, CONSENTING TO THE EXECUTION
OF AN AGREEMENT BY AND BETWEEN THE LA QUINTA
REDEVELOPMENT AGENCY AND THE DESERT SANDS UNIFIED
SCHOOL DISTRICT AND MAKING CERTAIN FINDINGS
WHEREAS, by Ordinance No.43, adopted November 29, 1983, City Council of
the City of La Quinta, the City Council") approved the Redevelopment Plan the Original
Plan") for the La Quinta Redevelopment Project, which is also referred to a Project No.1" the
Original Project"); and
WHEREAS, the Original Plan included provisions for tax increment financing
with respect to the project area as originally established the Original project Area") and
WHEREAS, pursuant to the Original Plan, the Agency was authorized to
undertake the redevelopment of the area therein designated as the Redevelopment Project Area
the Project") and
WHEREAS, the Agency, the City of La Quinta the City"), and the Desert Sands
Unified School District the District") entered into an Agreement dated as of June21, 1988 the
1988 Agreement"), which, in part, provided for the Agency to make certain payments from
time to time to a capital improvement fund as designated by the District; and
WHEREAS, in the course of implementing the 1988 Agreement, the parties have
determined that some of the language contained in the 1988 Agreement is unworkable, and
further that certain matters described in the 1988 Agreement have been accomplished; and
WHEREAS, the Agency and the District desire to restate the obligation of the
Agency to make certain payments to the District with respect to the Original Project Area; and
WHEREAS, the Agency has proposed by an Amended Redevelopment Plan the
Amended Plan") to make numerous substantive changes to the Original Plan; and
WHEREAS, meetings have been held by representatives of the Agency and
representatives of the District, to discuss the fiscal impact of the Project as amended by the
Amended Plan; and
WHEREAS, to alleviate any *financial burden or detriment which the Project as
so amended may cause the District, and to amicably resolve any differences regarding the
Project as so amended, the parties hereto enter into this Agreement, and
WHEREAS, the District has approved the agreement the Agreement") which
is attached hereto and incorporated by reference herein providing for certain payments to the
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^!F JL*, I,
Resolution No. 93-104
District, which payments will alleviate any adverse fiscal impact on the District resulting from
the project and Amendment No.1; and
WHEREAS, pursuant to the Agreement, the Agency is to make certain payments
into a specified fund the Capital Fund") which shall be applied to defray the cost of certain
public improvements provided for in the Agreement the Designated Public Improvements");
and
WHEREAS, the Designated Public Improvements will serve inhabitants of the
Project Area and will further be of benefit to the Project Area; and
WHEREAS, the City, the Agency, and the District have reviewed their existing
and anticipated financial condition, and have determined that there is no reasonable alternative
available for the financing of the Designated Public Improvements except for the use of tax
increment revenues as provided pursuant to the 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: a) the Designated Public
Improvements are of benefit to the Project Area, and b) no other reasonable means of financing
the Designated Public Improvements are available to the community.
Section 2: The City Council consents to the execution of the Agreement by the
Agency.
PASSED, APPROVED AND ADOPTED this 21st day of December, 1993 by the
following vote:
AYES: Council Members Bangerter, McCartney, Perkins, Sniff, Mayor
Pena
NOES: None
ABSENT: None
ABSTAIN: None
City of La Quinta, California
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^!F Resolution No 93-104
ATTE T:
AUNDRA L. JUHOLA, ity Clerk
City of La Quinta, California
APPROVED AS TO FORM:
I I
STRADLING, YOCCA, *ARLSON & RAUTH
City Anomey
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