CC Resolution 2011-045RESOLUTION NO. 2011 - 045
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LA QUINTA, CONSENTING TO THE USE OF
REDEVELOPMENT AGENCY FUNDING FOR, AND
APPROVING A PURCHASE AND SALE AGREEMENT
BETWEEN THE REDEVELOPMENT AGENCY AND UNION
HOME LOAN INC., ET AL., AND MAKING CERTAIN
FINDINGS PURSUANT TO HEALTH AND SAFETY CODE
SECTION 33445 WITH RESPECT TO THE AGENCY'S
EXPENDITURE
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 the Union Home Loan Inc., which is the representative of the individual
property owners, for real property identified as Assessor Parcel Nos. 773 - 076 -002,
003, 004, 005, and 010, 011, 012, and 013 (collectively, "Properties ") for off -
street parking opportunities, the expansion of recreation opportunities, public
facilities, or the development of affordable housing (collectively, the "Infrastructure
Improvements'), to facilitate access to the Village; and
WHEREAS, the Properties are located within the Project Area; and
WHEREAS, the Agreement would provide for the Agency's expenditure of
One Million Three Hundred Sixty -Eight Thousand Three Hundred Eighty Dollars
($1,368,380) plus closing costs to acquire the property bounded by Avenida Villa,
Avenida Montezuma, Avenida Navarro and Calle Tampico;
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 is in accordance with the Redevelopment Plan
and is of benefit to the Project Area and the City of La Quinta; and
Resolution No. 2011 -045
Purchase & Sale Agreement with Union Home Loans, Inc, at al.
APNs 773- 076 -002 through 005 and 773- 076 -010 through 013
Adopted: June 14, 2011
Page 2
WHEREAS, the Agency's financial contribution pursuant to the Agreement is
necessary to effectuate the purposes of the Redevelopment Plan;
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of
La Quints, as follows:
SECTION 1. The above recitations are true and correct.
SECTION 2. Pursuant to Health and Safety Code Section 33445(a), the City
Council of the City of La Quinta finds and determines that:
A. The acquisition of Property 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 is available, 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 for the Property 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 Agreement is hereby approved. The City Council hereby
consents to the use of Agency funding to acquire the subject Property.
SECTION 5. The City Council directs its City Manager to (i) sign such documents
that require the City's signature in order to effectuate the City's acquisition of the
Property, and (ii) take such other and further actions as may be necessary and
proper to carry out the terms of the Agreement.
Resolution No. 2011 -045
Purchase & Sale Agreement with Union Home Loans, Inc, at al.
APNs 773 - 076 -002 through 005 and 773- 076 -010 through 013
Adopted: June 14, 2011
Page 3
SECTION 6. The City Manager is authorized to accept the conveyances of the
Property, and to take such other actions and execute such other documents as may
be necessary to implement and affect this Resolution on behalf of the City.
PASSED, APPROVED and ADOPTED at a special meeting of the La Quinta
City Council held on this 14th day of June, 2011, by the following vote to wit:
AYES: Council Members Evans, Franklin, Henderson, Sniff, Mayor Adolph
NOES: None
ABSENT: None
ABSTAIN: None
DON ADOL Ma r
City of La Quinta
A'
VERONICA J. ^t NTECINO, CMC,
City of La QLdnta
(CITY SEAL)
CLERK
APPROVED AS TO FORM:
M. KATHERINE Jff City Attorney
City of La Quinta