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RDA Resolution 2008-003RESOLUTION N0. RA 2008-003 A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY ACCEPTING AND APPROVING A PRELIMINARY PLAN FOR THE FIFTH AMENDMENT TO THE REDEVELOPMENT PLAN FOR THE LA QUINTA REDEVELOPMENT PROJECT AREA NO. 2, DESIGNATING THE ADDED AREA, AUTHORIZING TRANSMITTAL TO THE AFFECTED TAXING AGENCIES AND THE STATE BOARD OF EQUALIZATION, AND DIRECTING PREPARATION OF THE FIFTH AMENDMENT WHEREAS, the La Quinta Redevelopment Agency ("Agency"1 is a public body, corporate and politic, organized and existing under the California Community Redevelopment Law (Health & Safety Code Section 33000 et seq.) ("CRL"1; and WHEREAS, pursuant to the CRL, the City Council of the City of La Quinta ("City" or "City Council", as applicable) approved and adopted the Redevelopment Plan for La Quinta Redevelopment Project Area No. 2 ("Project Area No. 2"1, by Ordinance No. 139 on May 16, 1989, as amended by Ordinance No. 259 on December 20 ,1994 and Ordinance No. 399 on February 3, 2004, Ordinance No. 403 on March 16, 2004 and Ordinance No. 404 on March 16, 2004; and WHEREAS, in accordance with Section 33310 of the CRL the City Council, as the legislative body for the City, designated by Resolution No. 2008-046 on July1, 2008, a survey area ("Survey Area") for study purposes to determine the feasibility of adding territory to Project Area No. 2 and to determine the feasibility of potential redevelopment activities within the Survey Area in order to address those conditions set forth in Sections 33320.2 of the CRL; and ' WHEREAS, the Agency seeks to analyze the potential for amending the Redevelopment Plan to add territory to Project Area No. 2; and WHEREAS, the Planning Commission of the City of La Quinta ("Planning Commission") adopted Resolution No. 2008-018 on July 8, 2008, approving the boundaries of the proposed added area to Project Area No. 2 ("Added Area") and formulating a Preliminary Plan for the Fifth Amendment to the Redevelopment Plan for Redevelopment Project Area No. 2, pursuant to CRL Sections 33450, 33320.1, 33320.2, 33322, 33324, and 33325 ("Preliminary Plan"); and WHEREAS, the Planning Commission has transmitted the Preliminary Plan to the Agency in the form submitted herewith. Resolution No. RA 2008-003 Preliminary Plan for Fifth Amendment Redevelopment Plan, Project Area No. 2 Adopted: July 15, 2008 Page 2 NOW, THEREFORE, THE LA QUINTA REDEVELOPMENT AGENCY DOES HEREBY RESOLVE, ORDER, AND DETERMINE AS FOLLOWS: SECTION 1. The Agency hereby receives and approves the Preliminary Plan, inclusive of the proposed Added Area as approved by the Planning Commission and submitted herewith and attached as Exhibit A. SECTION 2. The Agency hereby authorizes staff to make such transmittals as may be required pursuant to CRL Section 33327, including a statement that there is no need to establish a base year valuation for the proposed Added Area due to the fact that it will not collect tax increment. SECTION 3. The Agency hereby authorizes staff to prepare the Fifth Amendment to the Redevelopment Plan for Redevelopment Project Area No. 2 and to take such other actions consistent with the purposes thereof and the provisions of the CRL. PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta Redevelopment Agency held this 15t" day of July, 2008, by the following vote: AYES: Board Members Adolph, Henderson, Osborne, Sniff, Chairman Kirk NOES: None ABSENT: None ABSTAIN: None :IRK, Chairman inta Redevelopment Agency ATTEST: La Quinta (SEAL) elopment Agency Resolution No. RA 2008-003 Preliminary Plan for Fifth Amendment Redevelopment Plan, Project Area No. 2 Adopted: July 15, 2008 Page 3 APROVED AS TO FORM: M. A 'HERIN - JENSON, A Counsel La Quinta Redevelopment ncy