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RDA Resolution 2005-006 RESOLUTION NO. RDA 2005-006 A RESOLUTION OF THE LA GUINTA REDEVELOPMENT AGENCY, MAKING CERTAIN FINDINGS PURSUANT TO HEALTH AND SAFETY CODE SECTION 33445(a) WHEREAS, on the 18TH day of May, 2004 the La Quinta City Council (the IICity Council") approved the Fiscal Year 2004/2005 through 2008/2009 Capital Improvements Program (CIP) 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 (RDA) 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 Quinta Redevelopment Agency ('1 Agency") as follows: SECTION 1. Pursuant to Health and Safety Code Section 33445 (a), the Agency finds and determines that: a. The Village Parking lot Improvements will be of benefit to RDA Project Area No.1, to the area surrounding RDA 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 the RDA CIP 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. RDA 2005-006 Village Parking Lot Improvements Adopted: June 7, 2005 Page 2 SECTION 2. The Agency therefore consents to the funding of the improvement costs of the Village Parking Lot Improvements in RDA Project Area No.1. PASSED, APPROVED and ADOPTED at a regular meeting of the La Ouinta Redevelopment Agency held on this 7th day of June, 2005, by the following vote: AYES: Members Adolph, Henderson, Perkins, Sniff, Chair Osborne NOES: None ABSENT: None ABSTAIN: None ~ . ~ EM. OSS RNE, Chairperson La Ouinta Redevelopment Agency ATTEST: ~-"' ø~..1J JU . REEK, CMC, gency Secretary La Ouinta Redevelopment Agency (Agency Seal) _..__._-------_.~-_.__.- - - ------- -