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CC Resolution 2002-004 RESOLUTION NO. 2002-04 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, MAKING CERTAIN FINDINGS PURSUANT TO HEALTH AND SAFETY CODE SECTION 33445(a) WHEREAS, the City Council on November 20, 2001, approved proceeding with improvements to the Civic Center Campus ("Campus Improvements"), all of which are publicly owned improvements; WHEREAS, the Campus Improvements are located in the La Quinta Redevelopment Agency's Project Area 1, and will enhance the public's use Project Area 1; WHEREAS, there is inadequate funding available from the Park and Recreation Developer Impact Fund to proceed with the Campus Improvements at this point in time; WHEREAS, it would be in the best interest of the public for the Campus Improvements to be installed at this point in time; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta, California, as follows: SECTION 1. Pursuant to Health and Safety Code Section 33445(a), the City Council finds that: (a) That the Campus Improvements will be of benefit to the Project Area and to the immediate neighborhood in which the Campus Improvements will be located. (b) That no other reasonable means of financing the Campus Improvements are available to the community at this time, in the City's Park & Recreation Developer Impact Fee fund currently does not have sufficient funds to pay for the construction, and will not accumulate sufficient funds for that purpose within the near future. (c) That the payment of funds for the acquisition of the Campus Improvements will assist in the elimination of one or more blighting conditions inside the project area and is consistent with the implementation plan adopted pursuant to Section 33490. SECTION 2. The City Council therefore consents to the La Quinta Redevelopment Agency funding of the costs of the Campus Improvements, and authorizes the execution of the Financing Agreement for that purpose. Resolution No. 2002-04 Financing Agreement / Campus Improvements January 15, 2002 Page 2 PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City Council held on this 15th day of January, 2002, by the following vote' AYES: Council Members Adolph, Henderson, Sniff, Mayor Pe~a NOES: None ABSENT: Council Member Perkins ABSTAIN: None JO ' or City d~-4.a Ouihta, California ATTEST: JUNFJS?GREEK, CMC, Cit~Clerk City of La Quinta, California (City Seal) APPROVED AS TO FORM: ~..__.r M.~KAT H' i~NE~., ~.~~.~~CityAttorney City of La Quinta, California