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RDA Resolution 2000-05 RESOLUTION NO. RA 2000-05 A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY EXTENDING THE TIME PERIOD DURING WHICH THE LA QUINTA REDEVELOPMENT AGENCY MAY RETAIN CERTAIN REAL PROPERTY PURSUANT TO HEALTH & SAFETY CODE SECTION 33334.16 WHEREAS, the La Quinta Redevelopment Agency ("Agency") purchased certain real property located within the City of La Quinta with moneys from the Low and Moderate Income Housing Fund, more specifically, (1) the real property located at the southeast corner of Washington Street and Miles Avenue (Assessor's Parcel Nos. 604-040-01 2, 604-040-013, 604-040-022 and 604-040-023), hereinafter referred to as the "Washington/Miles Property" and (2) the real property located on northeast corner of Avenue 48 and Adams Street (a portion of Assessor's Parcel No. 649-030-036), hereinafter referred to as the "Avenue 48/Adams Property"; and WHEREAS, the Agency acquired the Washington/Miles Property on August 4, 1995, and acquired the Avenue 48/Adams Property on August 17, 1995; and WHEREAS, despite its diligent efforts to develop the Washington/Miles Property and the Avenue 48/Adams Property with housing affordable to persons and families of low and moderate income, the properties have not yet been developed in this matter; and WHEREAS, the Board of the La Quinta Redevelopment Agency wishes to affirm its intention to develop the Washington/Miles Property and the Avenue 48/Adams Property with housing affordable to persons and families of low and moderate income, the properties have not yet been developed in this matter; and NOW, THEREFORE, BE IT RESOLVED by the Board of the La Quinta Redevelopment Agency as follows: 1. That the above recitations are true and correct and constitute the findings of the Agency Board. 2. Pursuant to Health and Safety Code Section 33334.17, the period during which the Agency may retain the Washington/Miles Property and the Avenue 48/Adams Property is hereby extended for a period of five (5) years from the date the Agency originally acquired the properties. Resolution No. RA 2000-05 Retention of Property Adopted: July 5,2000 Page 2 3. The Board of the La Quinta Redevelopment Agency hereby affirms its intention to develop the Washington/Miles Property and the Avenue 48/Adams Property with housing affordable to persons and families of low and moderate income. PASSED, APPROVED and ADOPTED this 5~ day of July, 2000, by the following vote: AYES: Members Adolph, Pe~a, Perkins, Sniff, Chair Henderson NOES: None ABSENT: None ABSTAIN: None ATTEST: J U N E ~~EEK ,C"~MC/A ~y La Quinta Redevelopment Agency (Agency Seal) Resolution No. RA 2000-05 Retention of Property Adopted: July 5,2000 Page 3 APPROVED AS TO FORM: La Quinta Redevelopment Agency