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CC Resolution 2003-039 RESOLUTION NO. 2003-039 A RESOLUTION OF THE CITY COUNCIL OF~THE CITY OF LA QUINTA, CALIFORNIA APPROVING THE LA QUINTA REDEVELOPMENT AGENCY'S PAYMENT FOR CERTAIN PUBLICLY OWNED LAND WHEREAS, the La Quinta Redevelopment Agency ("Agency") is a public body, corporate and politic organized and existing under the Community Redevelopment Law (California Health and Safety Code § 33000, et seq.) To carry out the purposes of redevelopment in the City of La Quinta ("City"); and WHEREAS, the Agency is engaged in activities necessary to execute and implement the Redevelopment Plan for the La Quinta Redevelopment Project No. 1 ('Redevelopment Plan" or "Project Area," as applicable); and WHEREAS, the City has entered into, or is about to enter into, that certain Agreement for Purchase and Sale of Real Property Located Along the East Line of Avenida Montezuma (APNs 773-245-002, 774-020-003, and 773-311-027), City of La Quinta, California (the ~Agreement"), with William D. Calkins and Lynn R. Kunkle, co-conservators of the Estate of Charles Brian Murphy, as to an undivided 25% interest; Lynn R. Kunkle, an unmarried man, as to an undivided 25% interest; and AM Partnership, a California general partnership, as to an undivided 50% interest (collectively, "Seller"), pursuant to which the City has agreed to purchase certain real property located within the Project Area (the "Property") from Seller, for the purchase price of Two Hundred Ninety Thousand Dollars ($290,000) (the "Purchase Price"). City intends to develop and maintain the Property as a public park (the "Park"); and WHEREAS, on the 6th day of May, 2003, the La Quinta City Council (the "City Council") approved the 2003-2004 Economic Development Plan which includes implementation policies supporting enhancement of recreational opportunities; and WHEREAS, the lack of recreational facilities was documented as one of the conditions of blight that justified the formation of the Project Area, as cited in the October 1983 Report to the La Quinta City Council on the Proposed Redevelopment Plan for the Project Area; and WHEREAS, Section 518 of the Redevelopment Plan authorizes the Agency to purchase and improve property for park facilities; and WHEREAS, purchasing the Property would afford the Agency the opportunity to address some of the aforementioned conditions of blight; and Resolution No. 2003-039 Agency Park Purchase Adopted: June 17, 2003 Page 2 WHEREAS, there is inadequate funding within the City's General Fund or from other sources to acquire the Property; and WHEREAS, the Agency's purchase of the Property for the City's subsequent development and maintenance of a Park is in accordance with the Redevelopment Plan and is of benefit to the Project Area. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LA QUINTA AS FOLLOWS' SECTION 1. That the above recitals are true and correct and incorporated herein. SECTION 2. That the City Council does hereby find and determine as follows' a. That the Agency's funding of the purchase of the Property is of benefit to the Project Area and to the immediate neighborhood of the Property, in that the Park to be developed thereon will be available for use by residents of the Project Area and of the immediate neighborhood. b. That no other reasonable means of financing the purchase of the Property, which is publicly owned land, is available to the community for the following reasons: (i) City monies are dedicated to critical police, fire, and other necessary expenditures, including other capital improvement projects; (ii) the only practical means of paying for the Property is to use Agency funding; (iii) without Agency funding the City would be unable to purchase the Property and thereafter develop and maintain the Park, all to the detriment of the redevelopment of the Project Area. c. That the Agency's payment identified herein will assist in the elimination of blighting conditions in the Project Area in that deficient recreational facilities is a blighting condition addressed by the Agency's payment. d. That the Agency's payment identified herein is consistent with Agency's adopted implementation Plan, in that improving public facilities in and benefitting the Project Area is a priority identified in the Implementation Plan. e. That the Agency's payment for the Property is necessary to effectuate the purposes of the Redevelopment Plan. SECTION 3. The Agency's payment for the Property is hereby approved. Resolution No. 2003-039 Agency Park Purchase Adopted: June 17. 2003 SECTION 4. The City Council hereby approves of the Agency's authorization and direction to its Executive Director to take such other and further actions as may be necessary and proper to effect the Agency's payment for the Property. PASSED, APPROVED and ADOPTED at a regular meeting of the City Council of the La Quinta held on this 17th day of June, 2003, by the following vote: AYES: Council Members Henderson, Osborne, Perkins, Sniff, Mayor Adolph NOES: None ABSENT: None ABSTAIN:None DON ADO'I.~H, I~layor City of La Quinta, California ATTEST: JUNE~S'.~REEK, CMC, C~Clerk City of La Quinta, California (CITY SEAL) APPROVED AS TO FORM: x, M. KATHERINE JENSON, City Attorney City of La Quinta, California