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RDA Resolution 2003-08RESOLUTION NO. RA 2003-08 A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY OF THE CITY OF LA QUINTA, CALIFORNIA, APPROVING THE CONCEPTUAL MASTER PLAN FOR THE LA QUINTA GOLF AND RESORT PROJECT WHEREAS, in June 2002, the La Quinta Redevelopment Agency (Agency) purchased 525 acres of land, known as The Ranch, to be developed with golf, -hotel, retail, and recreation uses; and WHEREAS, the Agency acquired the property to create a world -class destination resort; generate transient occupancy and sales tax revenues; provide tournament -quality golf and recreational opportunities for residents and visitors; and WHEREAS, in November 2002, the Agency retained the services of GMA International to prepare a Conceptual Master Plan that will guide the development of the property; and WHEREAS, GMA International has utilized the services of planners, architects, economists, and engineers in developing a viable land use concept for the property; and WHEREAS, GMA International has refined the Conceptual Master Plan based on input from the Agency Board and City residents; and WHEREAS, the Agency finds the May 6, 2003 Conceptual Master Plan (Master Plan) prepared by GMA International to accurately reflect Agency and Community objectives for the property. NOW, THEREFORE, BE IT RESOLVED, by the La Quinta Redevelopment Agency of the City of La Quinta, as follows: 1 Approves the Conceptual Master Plan for the La Quinta Golf and Resort Project. Resolution No. RA 2003-08 La Quinta Golf and Resort Project Adopted: May 6, 2003 Page 2 PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta Redevelopment Agency held on this 6" day of May, 2003, by the following vote to wit: AYES: Council Members Henderson, Osborne, Perkins, Sniff, Mayor Adolph NOES: None ABSENT: None ABSTAIN: None TERR HENDERSON, Chair La Qu nta Redevelopment Agency ATTEST: JUNL§. 6REEK, CMC, Agency 'Secretairy La Quinta Redevelopment Agency (Agency Seal', APPROVED AS TO FORM: M. KATHERINE JENSON, Agency Counsel i m-a Quinta Redevelopment Agency