CC Resolution 1995-014^ H RESOLUTION NO.95-14
F OF THE*ITYRTMCNOUNCIL OF THE CITY OF
FINDINGS WITH
RESPECT TO LOW- AND MODERATE- INCOME HOUSING
IN CONNE*ON WITh THE REDEVELOPMENT PLAN
FOR THE LA QUINTA REDEVELOPMENT PROJECT AS
AMENDED BY AMENDMENT NO.1
WHEREAS, the City Council of the City of La Quinta, California the City Council")
did duly pass and adopt Ordinance No.43 on November 29, 1983, and did thereby adopt and
approve the Redevelopment Plan for the La Quinta Redevelopment Project the Redevelopment
Plan"); and
WHEREAS, the City Council did duly pass and adopt Ordinance No.258 on December
20, 1994 and did thereby revise certain time limitations set forth in the Redevelopment Plan in
compliance with Section 33333.6 of the Community Redevelopment Law, California Health and
Safety Code Sections 33000, et seq. the Community Redevelopment Law"); and
WHEREAS, the La Quinta Redevelopment Agency the #Agency*) has undertaken the
required steps for the consideration of the adoption of a proposed amendment the Amendment
No.1") to the Redevelopment Plan; and
WHEREAS, a draft Redevelopment Plan for the La Quinta Redevelopment Project as
Amended by Amendment No.1 the Amended Redevelopment Plan") has been prepared in
accordance with the provisions of the Community Redevelopment Law; and
WHEREAS, the Amended Redevelopment Plan provides for the allocation of taxes from
the La Quinta Redevelopment Project the Project Area" or the Project"); and
WHEREAS, Section 33334.2 of the Community Redevelopment Law requires that not
less than twenty percent 20%) of all taxes allocated to the Agency pursuant to Section 33670 of
the Community Redevelopment Law be used for the purpose of increasing, improving and
preserving the community's supply of low- and moderate-income housing available at affordable
housing cost; and
WHEREAS, Section 33334.2(g) of the Community Redevelopment Law provides that
such funds may be used outside the Project Area if a finding is made by resolution of the Agency
and the City Council that such use will be of benefit to the Project.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La
Quinta as follows:
Section 1. The City Council of the City of La Quinta hereby finds and determines
that the use of taxes allocated from the Project Area for the purpose of increasing, improving and
preserving the community's supply of low- and moderate-income housing available at affordable
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RESOLUTION NO.95-14
housing cost outside the Project Mea and within the City of La Quinta will be of benefit to the
Prc*ject
PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council of the
City of La Quinta held the 7th day of March 1995, by the following roll call vote:
AYES: Council Nembers Perkjns, Sniff, Mayor Pena
NOES: Nonp
ABSENT: None
ABSTMN: Council Meubers Bangerter, Cathcart
JOHN PE*ayoij'of La Quinta
SAUNDRA JUH A, City Clerk
APPROVED AS TO FORM:
*
DAWN HONEYWELL,* City Attorney
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