RDA Resolution 2003-18 RESOLUTION NO. RA 2003-18
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF LA QUINTA MAKING AND UPDATING
CERTAIN FINDINGS PURSUANT TO HEALTH AND SAFETY
CODE SECTION 33445(a), RELATING TO THE
.DEVELOPMENT OF'THE SILVERROCK RANCH PROJECT
WHEREAS, on the 1 5th day of May, 2001 the La Ouinta City Council (the
"City Council") approved the 2001-02 Economic Development Plan which includes
implementation policies sUpporting economic diversification, business expansion,.
economic prOtection and preservation, and recreational opportunities; and
WHEREAS, the La Quinta Redevelopment Agency now owns 525 acres of
property (the "SilverRock Ranch") located in La Quinta RedevelOpment Project Area
No. 1 (the "Project Area") which is suitable to attain the aforementioned objectives;
and
· ~ WHEREAS, on the 16th day of April, 2002 the City Council made findings
pursuant to Health and Safety Code 33345 to approve use of funds from
Redevelopment Project Area No. 1 for an Option Agreement to allow the La Quinta
--- Redevelopment Agency (the "Agency") an opportunity to complete due diligence
activities related to acquiring the SilverRock Ranch; and
WHEREAS, on 1 5th day of May, 2002 the Agency made certain findings
related to acquiring the SilverRock .Ranch; and
WHEREAS, the Agency has now approved an updated budget and
conceptual plan for the SilverRock Ranch project; and
WHEREAS, the Agency now wishes to update its prior findings now that
the budget has been updated and conceptual plans have been approved; and
WHEREAS, the lack of recreational facilities and the prevalence of
economic maladjustment were documented as some 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 Project 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 purchase and improve property for park, recreation, cultural and community
facilities; and
Resolution No. RA 2003-18
The SilvarRock Ranch
Adopted: October 21, 2003
Page 2
WHEREAS, developing the SilverRock Ranch project 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 develop the SilverRock Ranch project; and
WHEREAS, it would be in the best interest of the public to pursue the
development of the SilverRock Ranch project.
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 Governing Board.
SECTION 2. Pursuant to Health and Safety Code Section 33445(a), the
Agency finds and determines that:
A. The continued development of the SilverRock Ranch project is of benefit to the
Project Area and to the immediate neighborhood in which the SilverRock Ranch
is located.
B. No other reasonable means of financing the SilverRock Ranch project are
available to the community.
C. The payment of funds for the development of the SilverRock Ranch project will
assist in the elimination of one or more blighting conditions inside the Project
Area, including the lack of recreational facilities and opportunities, and is
consistent with the Agency,s implementation plan adopted pursuant to Section
33490.
D. This resolution shall take effect from and after its adoption.
PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta
Redevelopment Agency held on the 21't of October, 2003, by the following vote:
Resolution No. RA 2003-18
The SilverRock Ranch
Adopted: October 21, 2003
Page 3
AYES' Members Adolph, Perkins, Sniff, Chair Henderson
NOES: None.
ABSENT: Member Osborne
ABSTAIN: None
TERRY I-~DERSON, Chair
La Quint~/Redevelopment Agency
ATTEST:
JU~EK, Cl~/IC, A~ency Secretary
La Quinta Redevelopment Agency
(Seal)
APPROVED AS TO FORM:
tM' K~,TI-I~ERINE JENS(~, Agency Cou~
La Quinta Redevelopment Agency