SA Resolution 2017-003RESOLUTION NO. SA 2017 - 003
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE LA
QUINTA REDEVELOPMENT AGENCY APPROVING THE
SUCCESSOR AGENCY ADMINISTRATIVE BUDGET FOR THE
PERIOD OF JULY 1, 2018 THROUGH JUNE 30, 2040
WHEREAS, the City Council of the City of La Quinta ("City Council" or "City," as
applicable) elected to act as the Successor Agency and to take certain actions to wind
down the affairs of the former La Quinta Redevelopment Agency ("Agency") in accordance
with the California Health and Safety Code; and
WHEREAS, the Agency was engaged in activities to execute and implement the
Project Area No. 1 Redevelopment Plan and the Project Area No. 2 Redevelopment Plan
(collectively, the "Redevelopment Plans") pursuant to the provisions of the California
Community Redevelopment Law (Health and Safety Code § 33000, et sue.) ("CRL"); and
WHEREAS, as part of the 2011/2012 State budget bill, the California Legislature
enacted and the Governor signed, ABx1 26 requiring that each Redevelopment Agency be
dissolved; and
WHEREAS, an action challenging the constitutionality of ABx1 26 and companion
bill ABx1 27 was filed in the California Supreme Court by the California Redevelopment
Association, the League of California Cities, and two individual cities; and
WHEREAS, on December 29, 2011, the Court upheld ABx1 26; and
WHEREAS, Health and Safety Code Section 341770) requires each Successor
Agency to prepare a proposed administrative budget setting forth the successor agency's
estimated administrative costs of carrying out the wind -down activities of the former
redevelopment agency, proposing sources of payment for such estimated administrative
costs, and proposing for arrangements for administrative and operations services provided
by a city, county and/or other entity; and
WHEREAS, the Successor Agency has prepared a proposed administrative budget
for the remainder of the Agencies dissolution period July 1, 2018 through June 30, 2040
(the "Administrative Budget"); and
WHEREAS, all other legal prerequisites to the adoption of this Resolution have
occurred.
NOW THEREFORE, BE IT RESOLVED, by City of La Quinta Acting as the Successor
Agency to La Quinta Redevelopment Agency, does hereby resolve as follows:
Resolution No. SA 2017-003
Adoption of SA Administrative Budget from July 1, 2018 through June 30, 2040
Adopted: August 1, 2017
Page 2 of 3
SECTION 1. Recitals. The Recitals set forth above are true and correct and incorporated
herein by reference.
SECTION 2. Approval of Administrative Budget. The Successor Agency hereby approves
the Administrative Budget, which Administrative Budget is attached hereto as "Exhibit A".
SECTION 3. Severability. If any provision of this Resolution or the application thereof to
any person or circumstance is held invalid, such invalidity shall not affect other provisions
or applications of this Resolution which can be given effect without the invalid provision or
application, and to this end the provisions of this Resolution are severable. The Successor
Agency hereby declares that it would have adopted this Resolution irrespective of the
invalidity of any particular portion thereof.
SECTION 4. The Successor Agency Secretary shall certify to the adoption of this
Resolution.
PASSED, APPROVED, and ADOPTED at the meeting of the City of La Quinta Acting
as the Successor Agency to La Quinta Redevelopment Agency held this 1st day of August,
2017, by the following vote:
AYES: Agency Members Fitzpatrick, Pena, Radii, Sanchez, Chair Evans
NOES: None
ABSENT: None
ABSTAIN: None
LINDA EVANS, Chairperson
City of La Quinta Acting as Successor Agency
to the La Quinta Redevelopment Agency
ATTEST:
SUSAN MAYSELS, Secr ry
City of La Quinta Acting as Successor
Agency to the La Quinta Redevelopment Agency
(AGENCY SEAL)
Resolution No. SA 2017-003
Adoption of SA Administrative Budget from July 1, 2018 through June 30, 2040
Adopted: August 1, 2017
Page 3 of 3
APPROVED AS TO FORM:
WILLIAM H. IHRKE, Counsel
City of La Quinta Acting as Successor
Agency to the La Quinta Redevelopment Agency
EXHIBIT A
Item 22 - Administrative Budget
Legal Finance Total
$ 2,400
$ 2,400
$ 2,400
$ 2,400
$ 2,400
$ 2,400
$ 2,400
$ 2,400
$ 2,400
$ 2,400
$ 2,400
$ 2,400
$ 1,920
$ 1,920
$ 1,440
$ 1,200
$ 960
$ 480
$ 480
$ 480
$ 480
$ 480
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
600
600
600
600
600
600
600
600
600
600
600
600
480
480
360
300
240
120
120
120
120
120
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
2,400
2,400
1,800
1,500
1,200
600
600
600
600
600
-
-
-
ROPS 18-19A
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
1,500
1,500
1,500
1,500
1,500
1,500
1,500
1,500
1,500
1,500
1,500
1,500
1,200
1,200
900
750
600
300
300
300
300
300
ROPS 18-19B
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
1,500
1,500
1,500
1,500
1,500
1,500
1,500
1,500
1,500
1,500
1,500
1,500
1,200
1,200
900
750
600
300
300
300
300
300
ROPS 19-20A
ROPS 19-20B
ROPS 20-21A
ROPS 20-21B
ROPS 21-22A
ROPS 21-22B
ROPS 22-23A
ROPS 22-23B
ROPS 23-24A
ROPS 23-24B
ROPS 24-25A
ROPS 24-25B
ROPS 25-26A
ROPS 25-26B
ROPS 26-27A
ROPS 26-27B
ROPS 27-28A
ROPS 27-28B
ROPS 28-29A
ROPS 28-29B
ROPS 29-30A
ROPS 29-30B
ROPS 30-31A
ROPS 30-31B
ROPS 31-32A
ROPS 31-32B
RODS 32-33A
ROPS 32-33B
ROPS 33-34A
ROPS 33-34B
ROPS 34735A
RODS 34-3-56
ROPS 35-36A
ROPS 35-36B
ROPS 36-37A
ROPS 36-37B
ROPS 37-38A
ROPS 37-38B
ROPS 38-39A
ROPS 38-39B
ROPS 39-40A
ROPS 39-40B
ROPS 40-41A
ROPS 40-41 B
ROPS 41-42A
ROPS 41-42B
ROPS 42-43A
ROPS 42-43B
ROPS 43-44A
ROPS 43-44B
ROPS 44-45A
ROPS 44-45B
ROPS 45-46A
ROPS 45-46B
ROPS 46-47A
ROPS 46-47B
$ 38,640
$
9,660
$ 48,300
$ 24,150
$ 24,150
NOTES
2029/30 -
RDA loan repayment is completed.
2032/33 -
2013 Series B Bond is paid off.
2033/34 -
2013 Series A Bond is paid off.
2034/35 -
2014 Bond is paid off.
2039/40 -
2016 Bond is paid off.