CC Resolution 2002-056 RESOLUTION NO. 2002-56
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUlNTA,
CALIFORNIA, MAKING CERTAIN FINDINGS PURSUANT TO HEALTH
AND SAFETY CODE SECTION 33445(a)
WHEREAS, the City Council on May 15, 2001 approved the 2001-02 Economic
Development Plan which includes implementation policies supporting economic
diversification, business expansion, economic protection and preservation, and
recreational opportunities; and
WHEREAS, The Ranch property is located in Redevelopment Project Area 1, and
includes 525 acres suitable to attain the aforementioned objectives; and
WHEREAS, an Option Agreement is a suitable vehicle to allow the Agency an
opportunity to complete due diligence activities prior to property acquisition; and
WHEREAS, the lack of recreational opportunities and amenities is one of the
conditions within the Project Area 1 which was found to create blight; and
_. WHEREAS, there is inadequate funding within the City's General Fund or from
other sources to acquire The Ranch; and
WHEREAS, it would be in the best interest of the public to pursue acquisition
of The Ranch property.
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) Entering into the Option Agreement for possible acquisition of The
Ranch property will be of benefit to the Project Area and to the
immediate neighborhood in which The Ranch is located.
(b) No other reasonable means of financing the Option Agreement at
this time exist and alternative funds will not accumulate for that
purpose in the near future.
(c) The payment of funds for the Option Agreement and possible
purchase of The Ranch will assist in the elimination of one or more
blighting conditions inside the project area, including the lack of
recreational facilities and opportunities, and is consistent with the
implementation plan adopted pursuant to Section 33490.
Resolution No. 2002-56
The Ranch / Option Agreement
Adopted: April 16, 2002
Page 2
SECTION 2. The City Council therefore consents to the La Quinta
Redevelopment Agency appropriating funding for the Option Agreement for possible
acquisition of The Ranch.
PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City
Council held on this 16th day of April, 2002, by the following vote, to wit:
AYES: Council Members Adolph, Henderson, Perkins, Sniff, Mayor Pe~a
NOES: None
ABSENT: None
ABSTAIN: None
(~:.Ot y No~f i. :(~u i n~ layer
~California
ATTEST:
EK, CMC, City-~lerk
City of La Quinta, California
(City Seal)
APPROVED AS TO FORM:
M. KATHERINE JEN~I~N, City Att-~6'ro ney
City of La Quinta, California