RDA Resolution 2011-017RESOLUTION NO. RA 2011 - 017
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT
AGENCY APPROVING AN AGREEMENT FOR PURCHASE
AND SALE BY AND BETWEEN THE AGENCY, RICHARD
VARGE AND PATRICE VARGE, MAKING CERTAIN
FINDINGS PURSUANT TO HEALTH AND SAFETY CODE
SECTION 33445 WITH RESPECT TO THE AGENCY'S
EXPENDITURE AND ALLOCATING $995,000 TO FUND
THE ACQUISITION
WHEREAS, the La Quinta Redevelopment Agency ( "Agency ") is a redevelop-
ment 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
Council" or "City," as applicable); and
WHEREAS, pursuant to the CRL, the City Council approved and adopted the
Redevelopment Plan ( "Redevelopment Plan ") for La Quinta Project Area No. 1
( "Project Area ") on November 29, 1983, by Ordinance No. 43; and
WHEREAS, Agency staff has negotiated a Purchase and Sale Agreement
with Richard Varge, and Richard and Patrice Varg6 for real property located north
of the La Quinta Community Park ( "Property "), to facilitate off - street parking
opportunities, the expansion of recreation opportunities, or the development of
affordable housing (collectively, the "Infrastructure Improvements "), to facilitate
access to the Village; and
WHEREAS, the Property is located within the Project Area; and
WHEREAS, the Agreement would provide for the Agency's expenditure of
Nine Hundred Eighty -Seven Thousand Six Hundred Twenty -Four Dollars ($987,624)
plus closing costs to acquire the Property; and
WHEREAS, with the legislative body's consent and the satisfaction of certain
specified requirements set forth in Health and Safety Code Section 33445, 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, the Agreement are in accordance with the Redevelopment Plan
and is of benefit to the Project Area and the City of La Quinta; and
WHEREAS, the Agency's financial contribution pursuant to the Agreements
is necessary to effectuate the purposes of the Redevelopment Plan;
Resolution No. RA 2011 -017
Property Purchase and Sale Agreement
Seller: Varge,
APNs 773 - 072 -005, 773 -072 -021 through 027
Adopted: June 7, 2011
Page 2
NOW THEREFORE, BE IT RESOLVED by the La Quinta Redevelopment
Agency, as follows:
SECTION 1. The above recitations are true and correct.
SECTION 2. Pursuant to Health and Safety Code Section 33445(a), the La Quints
Redevelopment Agency finds and determines that:
A. The acquisition of land pursuant to the Agreement for the future
development of the Infrastructure Improvements is of benefit to the
Project Area, by helping to eliminate blight within the Project Area, in
that the Infrastructure Improvements will consist of public
infrastructure improvements, and the Redevelopment Plan provides for
the elimination, and prevention of the spread, of blight and blighting
influences through the installation, construction, or re- construction of
streets, utilities, and other public facilities and improvements.
B. No other reasonable means of financing the purchase of the Property
or the Infrastructure Improvements are available to the community, for
the following reasons: (i) City monies are dedicated to critical police,
fire, and other necessary expenditures, including other capital
improvement projects; (ii) the only practical means of paying for the
Property and Infrastructure Improvements is to use Agency funding;
(iii) without Agency funding, the Property could not be acquired and
the Infrastructure Improvements would not be completed, all to the
detriment of the Project Area.
C. The acquisition of the Property and the future installation of the
Infrastructure Improvements are consistent with the Agency's
implementation plan adopted pursuant to Health and Safety Code
Section 33490 ("Implementation Plan "), in that improving public
infrastructure and facilities within the Project Area are goals set forth
in the Implementation Plan.
SECTION 3. The Agency's expenditure for the Property for future development
with the Infrastructure Improvements is necessary to effectuate the purposes of
the Redevelopment Plan and is in the best interests of the City of La Quinta.
SECTION 4. The Agency authorizes the appropriation and expenditure of up to
$995,000 to close the transaction contemplated by the Purchase and Sale
Agreement from Project Area No. 1 Capital Projects Fund (Account Number 405-
0000- 290.00 -00) .
SECTION 5. The Executive Director is hereby authorized to sign the Purchase and
Sale Agreement subject to such minor modifications approved by the Agency
Resolution No. RA 2011 -017
Property Purchase and Sale Agreement
Seller: Varge,
APNs 773 - 072 -005, 773- 072 -021 through 027
Adopted: June 7, 2011
Page 3
Counsel and the Executive Director, and to sign such other documents and take
such other actions as to carry out the terms of the Agreement.
PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta
Redevelopment Agency held on this 7th day of June, 2011, by the following vote
to wit:
AYES: Agency Members Adolph, Franklin, Sniff, Chair Henderson
VL�]���R•Tifa
ABSENT: Agency Member Evans
ABSTAIN: None
TERRY NDERSON, Chairperson
La Quin Redevelopment Agency
0
VERONICA J AONTECINO, CMC, Agency Secretary
La Quinta Redevelopment Agency
(Agency Seal)
APPROVED AST ORM:
M. KATHERINE JENSON, Agency Counsel
La Quinta Redevelopment Agency