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CC Resolution 2003-074 RESOLUTION NO. 2003-074 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) AND CONSENTING TO THE EXPENDITURE OF FUNDS FOR THE AVENIDA LA FONDA STREET ENHANCEMENTS 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 the Village commercial area; and WHEREAS, the Avenida La Fonda Street Enhancements will be located in La Quinta Redevelopment Project Area No. 1 (the "Project Area") and will help to attain the aforementioned objective; and WHEREAS, the need for the improvement to La Fonda Street 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 La Quinta Redevelopment No. 1; and WHEREAS, Section 518 of the Redevelopment Plan for La Quinta Redevelopment Project No. 1, as amended by Amendment No. 1, authorizes the Agency to undertake the funding of the Avenida La Fonda Street Enhancements; and WHEREAS, the construction of the Avenida La Fonda Street Enhancements would afford the Agency the opportunity to address some of the aforementioned conditions of blight; and WHEREAS, there is inadequate funding within the City's General Fund or from other sources to construct the Avenida La Fonda Street Enhancements; and WHEREAS, it would be in the best interest of the public to construct the Avenida La Fonda Street Enhancements. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of La Quinta, California as follows: SECTION 1. The above recitations are true and correct and are adopted as the findings of the City Council. SECTION 2. Pursuant to Health and Safety Code Section 33445(a), the City Council finds and determines that: Resolution No. 2003-074 La Fonda Street Enhancements Adopted: August 19, 2003 Page 2 A. The construction of the Avenida La Fonda Street Enhancements is of benefit to the Project Area and to the immediate neighborhood in which the Avenida La Fonda Street is located. B. No other reasonable means of financing the improvements are available to the community. C. The Avenida La Fonda Street Enhancements will assist in the elimination of one or more blighting conditions inside the Project Area, including need for improvement to the infrastructure within the Village commercial area, and is consistent with the Agency's implementation plan adopted pursuant to Section 33490. SECTION 3. The City Council consents to the Agency appropriating and expending funds to implement the terms of the Agreement and facilitate the construction of the La Fonda Street Enhancements. PASSED, APPROVED and ADOPTED at a regular meeting of the City Council of the City of La Quinta, California held on this 19th day of August, 2003, by the following vote: AYES: Council Members Henderson, Osborne, Perkins, Mayor Pro Tem Sniff NOES: None ABSENT: Mayor Adolph ABSTAIN: None ATTEST: J[ CMC, Cit~ Clerk City of La Quinta, California (CITY SEAL) Resolution No. 2003-074 La Fonda Street Enhancements Adopted: August 19. 2003 Page 3 APPROVED AS TO FORM: M. KA~ H~E~RINE JENS~orney City of La Quinta, California