CC Resolution 1996-087^ M9 RESOLUTION NO.96-87
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA
APPROVING A FIRST AMENDMENT TO OWNER PARTICIPATION
AGREEMENT BY AND BETWEEN THE AGENCY AND LA QUINTA
REAL ESTATE PARTNERSHIP
WHEREAS, the La Quinta Redevelopment Agency *Agency") is authorized to
carry out the redevelopment of the Redevelopment Project Area No.2 * Project Area");
and
WHEREAS, the Redevelopment Plan for the Project Area authorizes and directs
the Agency to pay all or part of the value of the construction of certain public
improvements; and
WHEREAS, the Agency previously approved an Owner Participation Agreement
entered into by and between the La Quinta Redevelopment Agency and La Quinta Real
Estate Partnership the Participant") dated * J*-* I OPA") and
WHEREAS, pursuant to the OPA, certain public improvements have been
completed, the restaurant has been constructed and the only outstanding item is the
proposed office structures; and
WHEREAS, the City has previously conducted its environmental review of the
activities contemplated by the OPA and has approved a Negative Declaration EA No.
89-1 29, Case No. PP 89-41 7) in connection therewith;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LA QUINTA HEREBY
RESOLVE AS FOLLOWS:
Section 1: The City Council hereby approves the form of the First Amendment
to the OPA presented to the City Council at the meeting at which this resolution was
adopted.
PASSED, APPROVED AND ADOPTED this 19th day of November, 1 996
at a regular meeting of the La Quinta Redevelopment Agency by the following vote:
AYES: Council Members Adolph, Henderson, Perkins, Sniff, Mayor Holt
NOES: None
ABSENT: None
ABSTAIN: None
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^ M9Resolution No.96-87
Page 2
GLENDA L. HOLT, MAYOR
City of La Quinta
AT ST:
AUNDRA L. JU OLA, CITY CLERK
APPROVED AS TO FORM:
*JJAl
DAWN C. HONEYWE*3L;CI*Y ATTORNEY
2
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