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CC Resolution 2002-022 RESOLUTION NO. 2002-22 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 July 20, 1 999 approved the Five Year Capital Improvement Project as part of the FY 1999/2000 budget which approved proceeding with improvements to Phase 1 of the Jefferson Street Improvements ("Jefferson Street Improvements"), all of which are publicly owned improvements; WHEREAS, the Jefferson Street Improvements are located in the La Quinta Redevelopment Agency's Project Area land 2, and will enhance the public's use within Project Area 1 and 2; WHEREAS, there is inadequate funding available from La Quinta Redevelopment Agency's Project Area 2 to proceed with the Jefferson Street Improvements at this point in time in Project Area 2; WHEREAS, the funding for the Jefferson Street Improvements is not otherwise available at this time; WHEREAS, it would be in the best interest of the public for the Jefferson Street 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 Jefferson Street Improvements will be of benefit to the Project Area 1, to the area surrounding Project Area 1, and to the immediate neighborhood in which the Jefferson Street Improvements will be located. (b) That no other reasonable means of financing the Jefferson Street Improvements in Project Area 2 are available to the community at this time, and that the RDA Capital Improvement Project No. 2 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. Nor are the funds otherwise available from other sources. Resolution No. 2002-22 Jefferson St. Project / Use of RDA Funds February 19, 2002 Page 2 (c) That the payment of funds for the construction of the Jefferson Street 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. (d) That the construction of the Jefferson Street Improvements are consistent with the implementation plan adopted pursuant to Health & Safety Code Section 33490, in that the Jefferson Street Improvements were identified as Street/Drainage Improvements I.G. SECTION 2. The City Council therefore consents to the La Quinta Redevelopment Agency funding of the improvement costs of the Jefferson Street Improvements in Project Area 2 with La Quinta Redevelopment Agency Project Area 1 funds. PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City Council held on this 19th day of February, 2002, by the following vote to wit: AYES: Council Members Adolph, Henderson, Perkins, Sniff, Mayor Pe~a NOES: None ABSENT: None ABSTAIN: None JOHN k~ayor -- City of La Quinta, California ., ATTEST: JUNE~~EK, CMC, C~ City of La Quinta, California (City Seal) Resolution No. 2002-22 Jefferson St. Project / Use of RDA Funds February 19, 2002 Page 3 APPROVED AS TO FORM: