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RDA Resolution 2011-002RESOLUTION NO. RA 2011 - 002 A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY OF THE CITY OF LA QUINTA CALIFORNIA MAKING CERTAIN FINDINGS PURSUANT TO HEALTH AND SAFETY CODE SECTION 33445 AND AUTHORIZING THE EXPENDITURE OF FUNDS TO PURCHASE A TAX- DEFAULTED PROPERTY FROM THE RIVERSIDE COUNTY TREASURER-TAX COLLECTOR WHEREAS, the parcel (APN 770-152-007) is located in La Quinta Redevelopment Project Area No. 1 (the "Project Area"1; and WHEREAS, the purchase and improvement of the parcel would afford the Redevelopment Agency the opportunity to address the blighting conditions; and WHEREAS, there is inadequate funding within the City's General Fund or from other sources to purchase the parcel or to construct the public improvements on the parcel, which improvements will improve the appearance of the area and will enhance pedestrian access within the Village; and WHEREAS, it would be in the best interest of the public for the City to purchase the property and to improve the property. NOW, THEREFORE, BE IT RESOLVED, by the La Quinta Redevelopment Agency of the City of La Quinta, California, 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 purchase of the property from the Riverside County Treasurer-Tax Collector. SECTION 3. Pursuant to Health and Safety Code Section 33445, the Agency finds and determines that: A. The purchase of the property and its improvement will be a direct benefit to the Project Area and to the immediate neighborhoods in which the property is located. The benefits include improvement of pedestrian access within the Village and the beautification of the area. B. No other reasonable means of financing the purchase and development of the property is available to the community. Resolution No. RA 2011-002 Tax-Defaulted Property Purchase Adopted: January 18, 2011 Page 2 C. The purchase and improvement of the property will assist in the elimination of one or more blighting conditions inside the Project Area, and is consistent with the Redevelopment 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 18`" day of January 201 1, by the following vote: AYES: Agency Members Adolph, Evans, Franklin, Sniff, Chairperson Henderson NOES: None ABSENT: None ABSTAIN: None TERRY La Quir ATTEST: (AGENCY SEAL) APPROVED AS TO FORM: i ,_~. . KATHERINE JE ,Agency Counsel La Quinta Redevelopment Agency City of La Quinta, California NDERSON, Chairperson Redevelopment Agency '~ "~ _ ;/ /..,