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RDA Resolution 2003-15 RESOLUTION NO. RA 2003-15 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LA QUINTA MAKING CERTAIN FINDINGS PURSUANT TO HEALTH AND SAFETY CODE SECTION 33445(a) AND AUTHORIZING 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 La Quinta Redevelopment Agency as follows: SECTION 1. The above recitations are true and correct and are adopted as the findings of the Agency Board. SECTION 2. The Agency Board hereby authorizes Agency funding to be utilized for the Avenida La Fonda Street Enhancements. Resolution RA 2003-15 La Fonda Street Enhancements Adopted: August 19, 2003 Page 2 SECTION 3. Pursuant to Health and Safety Code Section 33445(a), the Agency finds and determines that: 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. PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta Redevelopment Agency held on this 19th day of August, 2003, by the following vote: AYES: Members Osborne, Perkins, Sniff, Chair Henderson NOES: None ABSENT: Member Adolph ABSTAIN: None TERRY ~I~NDERSON, Chair La Quin~ Redevelopment Agency ATTEST: ~E~,, ~-'~-'~, Agency Secretary La Quinta Redevelopment Agency (AGENCY SEAL) Resolution RA 2003-15 ..... La Fonda Street Enhancements Adopted: August 19, 2003 Page 3 APPROVED AS TO FORM: M. K/~THERINE JEll'ON, Agency Counsel La Quinta Redevelopment Agency