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RDA Resolution 2007-013 RESOLUTION NO. RA 2007-013 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LA QUINTA, CALIFORNIA MAKING CERTAIN FINDINGS PURSUANT TO HEALTH AND SAFETY CODE SECTION 33445(a) AND AUTHORIZING THE EXPENDITURE OF FUNDS FOR EISENHOWER DRIVE PAVEMENT REHABILITATION IMPROVEMENTS WHEREAS, the Eisenhower Drive Pavement Rehabilitation Improvements are located in La Quinta Redevelopment Project Area No.1 (the "Project Area"); and WHEREAS. Eisenhower Drive is documented as a condition of blight within the Project Area; and WHEREAS. the construction of the Eisenhower Drive Pavement Rehabilitation 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 Eisenhower Drive Pavement Rehabilitation Improvements; and WHEREAS, it would be in the best interest of the public to construct the Eisenhower Drive Pavement Rehabilitation Improvements. NOW, THEREFORE, BE IT RESOLVED, by the La Quinta Redevelopment Agency as follows: . SECTION 1. The above recitals are true and correct "nd are adopted as the findings of the Agency Board. - SECTION 2. The Agency Board hereby authorizes Agency funding to be utilized for the Eisenhower Drive Pavement Rehabilitation Improvements. SECTION 3. Pursuant to Health and Safety Code Section 33445(a), the Agency finds and determines that: A. The construction of the Eisenhower Drive Pavement Rehabilitation Improvements is of benefit to the Project Area and to the immediate neighborhood in which the Eisenhower Drive Pavement Rehabilitation Improvements are located. B. No other reasonable means of financing the improvements are available to the community. Resolution No. RA 2007M013 Eisenhower Rehabilitation Adopted: October 2; 2007 Page 2 C. The Eisenhower Drive Pavement Rehabilitation 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 2nd day of October, 2007, by the following vote: AYES: Board Members Adolph, Henderson, Kirk, Sniff, Chairman Osborne NOES: None ABSENT: None ABSTAIN: None EM. SBORNE, Chairman La Quinta Redevelopment Agency ATTEST: VERONICA J. IN ,Agency Secretary La Quinta Redevelopment Agency (Agency Seal) APPROVED AS TO FORM: M. KATH INE JENSON,: gency Counsel La Quinta Redevelopment Agency