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RDA Resolution 2007-011 RESOLUTION NO. RA 2007-011 A RESOLUTION OF THE LA QUINTA 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 PARK AVENUE LANDSCAPE IMPROVEMENTS WHEREAS, the Park Avenue Landscape Improvements are located in La Quinta Redevelopment Project Area No.2 (the "Project Area"); and WHEREAS, Park Avenue is documented as a condition of blight within the Project Area; and WHEREAS, the construction of the Park Avenue Landscape Improvements would afford the Agency the opportunity to address the aforementioned condition of blight; and WHEREAS, there is inadequate funding within the City's General Fund or from other sources to construct the Park Avenue Landscape Improvements; and WHEREAS, it would be in the best interest of the public to construct the Park Avenue Landscape Improvements. NOW, THEREFORE, BE IT RESOLVED, by the La .Quinta Redevelopment Agency as follows: ' SECTION 1. The above recitals 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 Park Avenue Landscape Improvements. SECTION 3. Pursuant to Health and Safety Code Section 33445(a), the Agency finds and determines that: A. The construction of the Park Avenue Landscape Improvements is of benefit to the Project Area and to the immediate neighborhood in which the Park Avenue Landscape Improvements are located. B. No other reasonable means of financing the improvements are available to the community. Resolution No. RA 2007.011 Park Avenue Landscape Adopted: September 18, 2007 Page 2 C. The Park Avenue Landscape 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. PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta Redevelopment Agency held on this 18th day of September, 2007, by the following vote: AYES: Board Members Adolph, Henderson, Kirk, Sniff, Chairman Osborne NOES: None ABSENT: None ABSTAIN: None M. OS RNE, Chairman La Quinta Redevelopment Agency ATTEST: VERONICA J. TE INO, Agency Secretary La Quinta Redevelopment Agency (Agency Seal) - APPROVED AS TO FORM: M. KATHERIN JENSON, A ncy Counsel La Quinta Redevelopment Agency