RDA Resolution 2011-006RESOLUTION NO. RA 2011 - 006
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT
AGENCY AUTHORIZING THE EXECUTIVE DIRECTOR TO
CONVEY CERTAIN REAL PROPERTY TO THE CITY OF LA
QUINTA
WHEREAS, the La Quinta Redevelopment Agency ("Agency") is a
redevelopment agency organized and existing under the California Community
Redevelopment Law ("Health & Safety Code § 33000 et seq.) ("CRL") and has
been authorized to transact business and exercise the powers of a redevelopment
agency pursuant to action of the City Council of the City of La Quinta ("City" or
"City Council," as applicable); and
WHEREAS, with the legislative body's consent and the satisfaction of certain
specified requirements set forth in Health and Safety Code Sections 33445 and
33679, the CRL authorizes redevelopment agencies to expend tax increment funds
to acquire real property for, and to fund the cost of the installation and
construction of, publicly owned buildings, facilities, and improvements; and
WHEREAS, pursuant to the provisions of Health and Safety Code Sections
33445 and 33679, the Agency has acquired ownership of several parcels of real
property developed with public buildings, facilities and/or improvements
(collectively, the "Public Facilities Properties"); and
WHEREAS, the Public Facilities Properties are listed on Attachment 1 to this
Resolution, which is incorporated herein by this reference; and
WHEREAS, the Agency now desires to authorize the Executive Director, if
and when the Executive Director deems it appropriate, to transfer ownership to the
Public Facilities Properties to the City; and
WHEREAS, the Agency has also acquired certain properties that are intended
to be redeveloped by private parties, including the approximately 85 acres of
commercial development pads at SilverRock Resort, and the approximately 10
acres of commercial property located south of Highway 111 and east of Dune
Palms (collectively, the "Private Redevelopment Properties"); and
WHEREAS, the Agency has commissioned appraisals of the current fair
market value of the Private Redevelopment Properties which have not yet been
completed; and
WHEREAS, if the City wishes to accept the Private Redevelopment
Properties, it must pay the Agency the fair market value for the properties; and
Resolution No. RA 2011-006
Transfer of Non -Housing Properties to City
Adopted: February 15, 2011
Page 2
WHEREAS, the Agency currently has over $39 million in debt owed to the
City.
NOW, THEREFORE, the La Quinta Redevelopment Agency does hereby
resolve as follows:
SECTION 1. The Agency hereby approves the conveyances of the Public Facilities
Properties to the City.
SECTION 2. The Executive Director is authorized, if and when the Executive
Director deems it appropriate, to convey to the City the Public Facilities Properties
and to take such other actions and execute such other documents as may be
necessary to implement and effect this Resolution on behalf of the Agency.
SECTION 3. The Executive Director is authorized, if and when the Executive
Director deems it appropriate, to convey to the City the Private Redevelopment
Properties in exchange for a reduction in the Agency's debt to the City equal to the
amount of the fair market value of the Private Redevelopment Properties as
determined by the updated appraisal thereof, to take such other actions and
execute such other documents as may be necessary to implement and effect this
Resolution on behalf of the Agency, and is further authorized to execute a deed of
trust in favor of the City on the Highway 111/Dune Palms property to secure the
City's remaining unpaid principal ($7,185,498).
SECTION 4. The Secretary shall certify to the adoption of this Resolution.
PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta
Redevelopment Agency held this 15" day of February, 2011.
AYES: Agency Members Adolph, Evans, Franklin, Sniff, Chair Henderson
NOES: None
ABSENT: None
ABSTAIN: None
Terry He rson, Chairperson
La Quint edevelopment Agency
Resolution No. RA 2011-006
Transfer of Non -Housing Properties to City
Adopted: February 15, 2011
Page 3
ATTEST:
VERONICA 4,,/MONTECINO, CIVIC Secretary
La Quinta Redevelopment Agency
(AGENCY SEAL)
APPROVED AS TO FORM:
M.'KPITH RIl7E JENOfl, General Counsel
La Quinta edevelop nt Agency
Resolution No. RA 2011-006
Transfer of Non -Housing Properties to City
Adopted: February 15, 2011
Page 4
RDA NON -HOUSING PROPERTY
Description
Vacant Land:
Remainder lot purchased to widen Avenue 52
at Calle Sinaloa/Eisenhower Drive
Street Easement located at the SWC Hwy 1 1 1
and Dune Palms Road
Vacant land for future development on Hwy 1 1 1
east of Dune Palms Road
Public Properties:
Pioneer Park (Park Centre Pointe on Seeley Drive)
North La Quinta Park
Library parking lot and landscaped lot
west of Senior Center
Village Parking lot
La Quinta Museum
ATTACHMENT1
Use '
Public Improvement
Public Improvement
Private Development
Public Improvement
Public Improvement
Public Improvement
Public Improvement
Public Improvement
Parking lot behind Police Substation Public Improvement
Resolution No. RA 2011-006
Transfer of Non -Housing Properties to City
Adopted: February 15, 2011
Page 5
SilverRock Resort
Redevelopment Agency- Owned Parcels by Parcel Number
Parcel
Number
Acreage
Use
Lot A
7.41
Public Improvement
Lot B
.47
Public Improvement
Lot C
4.54
Public Improvement
Lot D
2.95
Public Improvement
Lot E
.85
Public Improvement
Lot F
3.44
Public Improvement
Lot G
2.77
Public Improvement
Lot H
3.48
Public Improvement
Lot 9
.59
Public Improvement
Lot 10
55.78
Public Improvement
Lot 12
31.27
Public Improvement
Lot 13
1.17
Public Improvement
Lot 14
3.72
Public Improvement
Lot 15
31.63
Public Improvement
Lot 16
8.94
Public Improvement
Lot 18
73.43
Public Improvement
Lot 20
2.43
Public Improvement
Lot 21
7.15
Public Improvement
Lot 22
1.46
Public Improvement
Total
243.48
Lot 3
19.65
Private Development
Lot 4
.78
Private Development
Lot 5
11.84
Private Development
Lot 6
9.93
Private Development
Lot 8
18.51
Private Development
Lot 11
8.63
Private Development
Lot 19
13.79
Private Development
Lot 23
3.82
Private Development
Total
86.95
Parcel Map
Number 33367