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CC Resolution 2005-041 RESOLUTION NO. 2005-041 A RESOLUTION OF THE CITY OF LA QUINT A, CALIFORNIA, MAKING CERTAIN FINDINGS PURSUANT TO HEALTH AND SAFETY CODE SECTION 33445(a} WHEREAS, on the 18TH day of May, 2004 the La Ouinta City Council (the IfCity Council") approved the Fiscal Year 2004/2005 through 2008/2009 Capital Improvements Program as part of the Fiscal Year 2004/2005 budget which approved proceeding with improvements to the Village Parking Lot Improvements, all of which are publicly owned improvements; and WHEREAS, the Village Parking Lot Improvements are located in Redevelopment Project Area No.1, and will enhance the public's use and enjoyment of Village Area within Redevelopment Project Area No.1; and WHEREAS, the funding for the Village Parking Lot Improvements is not otherwise available at this time; and WHEREAS, it would be in the best interest of the public for the Village Parking Lot Improvements to be installed at this point and time. NOW, THEREFORE, BE IT RESOLVED, by the La Ouinta City Council as follows: SECTION 1. Pursuant to Health and Safety Code Section 33445 (a), the City Council finds and determines that: a. That the Viltage Parking lot Improvements will be of benefit to Redevelopment Project Area No.1, to the area surrounding Redevelopment Project Area No.1, and to the immediate neighborhood in which the Village Parking Lot Improvements will be located. b. No other reasonable means of financing the Village Parking Lot Improvements are available to the community at this time, and tl=1at the Redevelopment Capital Improvement Project Area No.1 fund currently does not have sufficient funds to pay for the construction, and will not accommodate sufficient funds for that purpose within the near future. Nor are the funds otherwise available from other sources. c. The payment of funds for the construction of the Village Parking Lot Improvements will assist in the elimination of one or more blighting conditions inside the project area, and is consistent with the Agency's implementation plan adopted pursuant to Section 33490. Resolution No. 2005-041 Village Parking Lot Improvements Adopted: May 17, 2005 Page 2 SECTION 2. The City Council therefore consents to the Redevelopment Agency funding of the improvement costs of the Village Parking Lot Improvements in Redevelopment Project Area No.1. PASSED, APPROVED and ADOPTED at a regular meeting of the La Ouinta City Council held on the 17th day of May, 2005, by the following vote: AYES: Council Members Henderson, Osborne, Perkins, Sniff, Mayor Adolph NOES: None ABSENT: None ABSTAIN: None ÛrDOU City of La Ouinta, California ATTEST: .~ ,...¿..-l:::1 -k. / . ~_d -k:2, Y--A-<,~ J . . GREEK, CMC, CfffClerk City of La Ouinta, California (City Seal) APPROVED AS TO FORM: - -- --..-