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CC Resolution 2011-010RESOLUTION NO. 2011 - 010 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, IN OPPOSITION TO THE STATE BUDGET PROPOSAL TO ABOLISH REDEVELOPMENT AGENCIES IN CALIFORNIA WHEREAS, as part of its fiscal year 2011 -12 State budget proposal, the Governor has proposed permanently abolishing California's more than 400 local redevelopment agencies; and WHEREAS, this proposal represents more of the same misguided and illegal State budget raids of local government funds that voters have repeatedly sought to end, most recently in November 2010 when an overwhelming 61 % of voters elected to stop State raids of local government funds, including redevelopment funds; and WHEREAS, this proposal will bring very little financial benefit to the State. According to the State Controller's Office, redevelopment agencies have more than $87 billion in bond and other contractual obligations that legally must be repaid before revenues are available to any other purpose. In fact, according to the State Department of Finance's own budget documents, there will be zero State savings in future years from shutting down redevelopment; and WHEREAS, this proposal will destroy local economic development, including hundreds of thousands of jobs and billions of dollars in local economic activity throughout California. In fact, in La Quinta, California, abolishing redevelopment will destroy many public works and housing projects, including: major roadway construction and reconstruction throughout the City; storm drain improvements in several major roadways; construction of a fire station in the southeast section of the City; improvements, expansion, and upgrades to City facilities; new public facilities (fire station, parks); major infrastructure projects that will facilitate commercial development; bridge improvements; and single and multi - family affordable housing projects. These projects are proposed to generate over 2,300 construction - related jobs, generate millions of dollars in local economic activity, including over $14 million in State and local revenues, and facilitate further economic and community development; and WHEREAS, it is important to remember that four major items must be taken into consideration when analyzing the fiscal impact of the Governors proposal to eliminate the La Quinta Redevelopment Agency on June 30, 2011: 1) the City was incorporated after passage of Proposition 13 and as a result the amount of property taxes that are received from the County of Riverside are less than cities that were incorporated before Proposition 13; 2) 80% of the cities boundaries are in the La Quinta Redevelopment Agency so this proposal has a significant impact on the City Resolution No. 2011 -010 Opposition to State Proposal to Permanently Abolish RDAs Adopted: February 1, 2011 Page 2 and over 10% of the City is in the Riverside County's Thermal Redevelopment Agency so less than 5% of the City boundaries are not in a Redevelopment Agency; 3) the local taxpayers will not see their property taxes reduced; and 4) the proposal will take away the tax increment property tax revenues that is generated in this community for much needed capital and housing projects, that will directly benefit the residents and visitors of this community.; and WHEREAS, the Governors proposal would take $1.7 billion in property tax increment generated State -wide in FY 2011/2012 and use it for State purposes. A similar take of $2 billion in FY 2008/2009 resulted in the La Quinta Redevelopment Agency making a $23.5 million payment to the State of California. Funding goes toward repaying the debt service, pass through payments to other governmental entities such as the Desert Sands Unified School District, Coachella Valley Unified School District, Desert Community College District, and the Riverside County Superintendent of Schools, and housing commitments which provides for affordable housing projects within our community for those who would otherwise not afford to live in La Quinta. Additionally, it is projected that this proposal would result in another $20 million take; and WHEREAS, the City recognizes that this represents one of the toughest state budget proposals in history. The City has reduced its workforce and implemented other cost cutting measures over the past two fiscal years to maintain a balanced budget. More than $4 million in General Fund expenditure reductions were made consisting of reductions in all departments to balance the budgets in FY 2009- 2010. Staff will be presenting an all funds mid -year analysis of FY 2010/2011 revenues and expenditures at the February 15, 2011 meeting to the City Council and the Redevelopment Agency. Cities and counties throughout the State of California need to send a strong message that taking local funding - particularly funding that creates such a great number of jobs and fuels economic growth is not the way for the state to solve its fiscal problems and will only make the cities' and state's economic situation worse.; and WHEREAS, throughout California, redevelopment activities support 304,000 jobs annually, including 170,600 construction jobs, contribute over $40 billion annually to California's economy in the generation of goods and services, and generates more than $2 billion in state and local taxes in a typical year; and WHEREAS, eliminating redevelopment will take away one of the few tools local governments have to comply with state requirements to plan for more compact urban development supported by transit- oriented development, housing, jobs and infrastructure; and WHEREAS, eliminating redevelopment will destroy the development of affordable housing in California. Redevelopment agencies are the second largest Resolution No. 2011 -010 Opposition to State Proposal to Permanently Abolish RDAs Adopted: February 1, 2011 Page 3 funder of affordable housing, behind only the federal government, responsible for over 98,000 units of affordable housing since 1993; and WHEREAS, shutting down redevelopment agencies is a violation of multiple State and Federal constitutional provisions. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta, California as follows: La Quinta formally opposes the Administration's proposal to abolish redevelopment in California. THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of La Quinta, California as follows: La Quinta authorizes its council and city staff to communicate its opposition to this proposal to the Governor, the Legislature, business groups, and citizens. PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta City Council, held on this 1" day of February 2011, by the following vote: AYES: Council Members Evans, Franklin, Henderson, Sniff, Mayor Adolph NOES: None ABSENT: None ABSTAIN: None DON ADOL H, Ma r City of La Quinta, California ATTEST: VERONICA J. MON ECINO, CM , Cit Cler U City of La Quinta, California (CITY SEAL) Resolution No. 2011 -010 Opposition to State Proposal to Permanently Abolish RDAs Adopted: February 1, 2011 Page 4 APPROVED AS TO FORM: KATHERINE J N, City Attorney City of La Quint , California :A