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RDA Resolution 2008-007RESOLUTION NO. RA 2008-007 A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY MAKING FINDINGS PURSUANT TO HEALTH AND SAFETY CODE SECTION 33445 REGARDING FUNDING OF THE ACQUISITION OF LAND LOCATED EAST OF DUNE PALMS ROAD, SOUTH OF HIGHWAY 111 AND APPROPRIATING FUNDS FOR THE ACQUISITION WHEREAS, in order to improve traffic circulation in the vicinity of Highway 1 1 1 and Dune Palms Road, the City of La Quinta has proposed to construct a new public roadway ("Roadway Improvements') which will allow traffic to access businesses and proposed residential development east of Dune Palms Road and south of Highway 1 1 1 without having to drive along Highway 1 1 1; and WHEREAS, the Roadway Improvements will also enhance the emergency vehicle access to the general area; and WHEREAS, the Roadway Improvements are proposed in connection with the Desert Sand Unified School District in an effort to coordinate and jointly facilitate bus and passenger vehicle traffic in the area; and WHEREAS, the lack of adequate roadways was documented as one of the conditions of blight that justified the formation of Project Area 2; and WHEREAS, constructing the Roadway Improvements would afford the Agency the opportunity to address the aforementioned conditions of blight; and WHEREAS, constructing the Roadway Improvements would enhance the safe access to and from the Agency's proposed affordable housing project located east of Dune Palms and south of Highway 1 11; and WHEREAS, there is inadequate funding within the City's General Fund or from other sources to develop the Roadway Improvements; and WHEREAS, it would be in the best interest of the public to pursue the construction of the Roadway Improvements. NOW, THEREFORE, BE IT RESOLVED, by the La Quinta Redevelopment Agency as follows: SECTION 1. The above recitations are true and correct and are adopted as the findings of the Board. Resolution No. RA 2008-007 Funding of Lend East of Dune Palms Adopted: December 16, 2008 Page 2 SECTION 2. Pursuant to Health and Safety Code Section 33445(a-, the Agency finds and determines that: A. The construction of the Roadway Improvements is of benefit to Project Area No. 2, and to the immediate neighborhood in which the Roadway Improvements are to be located, in that it will improve the flow of traffic, reduce the number of traffic trips on Highway 1 1 1, and enhance the ability of emergency vehicles to service the area. B. No other reasonable means of financing the Roadway Improvements are available to the community. C. The payment of funds for the development of the Roadway Improvements will assist in the elimination of one or more blighting conditions inside the Project Area, including the lack of adequate roadways, and will also assist in the Agency's provision of affordable housing, and is consistent with the Agency's implementation plans adopted pursuant to Section 33490. SECTION 3. The Agency hereby appropriates 5310,365 from the Project No. 2 Low and Moderate Income Fund Unallocated Reserves, Account 246-0000-290.00-00, and 5310,365 from Project No. 2 Unallocated Reserves, Account 406-0000-290.00- 00, for the acquisition of the property needed in order to construct the Roadway Improvements. PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta Redevelopment Agency held on the 16`" of December, 2008, by the following vote: AYES: Council Members Franklin, Henderson, Kirk, Sniff, Mayor Adolph NOES: None ABSENT: None ABSTAIN: None Chairman Resolution No. RA 2008-007 Funding of Lend Eest of Dune Palms Adopted: December 16, 2008 Pege 3 ATTEST: ~\ VERONICA MONT CINO, Agency Secretary La Quirita Redevelopment Agency (Seal) APPROVED AS TO FORM: ATHER NE JENS 'N gency Counsel La Quinta Redevelop nt Agency