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CC Resolution 2003-099 RESOLUTION NO. 2003-099 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA 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, oi is about to enter into, that · certain Agreement for Purchase and Sale of Real Property located at the southeast corner of Westward Ho Drive and Dune Palms Road (AIPN 640-040-001), City of La Ouinta, California (the "Agreement"), with John T. Slater', Jr., Trustee ("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 Fifty Thousand Dollars ($50,000) (the "Purchase Price"). City intends to 'develop and maintain the Property as a well site; 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 Ouinta 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. 2003-099 Westward Ho Well Site Purchase Adopted: October 7, 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 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 it will facilitate the development of recreation facilities at SilverRock Ranch and promote economic development activity in the Project Area by facilitating .one of the CVWD requirements for providing water and sewer service to the SilverRock Ranch development. 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 the SilverRock Ranch, 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 benefiting 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. Resolution No. 2003-099 Westward Ho Well Site Purchase Adopted: October 7, 2003 Page 3 Section 3. The Agency's payment to purchase and improve the Property is hereby approved, and the funding is authorized for these purposes. 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 and improvement of the Property. PASSED, APPROVED, and ADOPTED at a regular meeting of the City Council of 'the City of La Quinta held this 7th day of October, 2003, by the following vote: AYES: Council Members Henderson, Perkins, Sniff, Mayor Adolph · NOES: None ABSENT: Council Member Osborne ABSTAIN: None ' . DON ADJ3~LPH, I~iyor City of La Quinta, California ATTEST: JUN~K, CMC, 'City C-i-erk City of La Quinta, California (City Seal) Resolution No. 2003-099 Westward Ho Well Site Purchase Adopted: October 7, 2003 Page 4 APPROVED AS TO FORM: City of La Quinta, California