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RDA Resolution 2011-027RESOLUTION NO. RA 2011 - 027 A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY OF THE CITY OF LA QUINTA CALIFORNIA CONSENTING TO THE EXPENDITURE OF FUNDS FOR THE PHASE II WASHINGTON STREET DRAINAGE IMPROVEMENTS, AND MAKING CERTAIN FINDINGS PURSUANT TO HEALTH AND SAFETY CODE SECTION 33445(a) WITH RESPECT TO THE AGENCY'S EXPENDITURES WHEREAS, the Phase II Washington Street Drainage Improvements are located in La Quinta Redevelopment Project Area No. 2, (the "Project Area "); and WHEREAS, the construction and installation of the Phase II Washington Street Drainage Improvements would afford the Redevelopment Agency the opportunity to address the blighted conditions; and WHEREAS, there is inadequate funding within the City's General Fund, Development Impact Fee Fund or from other sources to construct the proposed Phase 11 Washington Street Drainage Improvements, in that (1) the City's General Funds are needed to provide essential public services, such a police services and maintenance of existing public improvements, (2) payments into the City's Development Impact Fee Fund have sharply declined with the economic downturn, and (3) the amounts currently on deposit in Development Impact Fee Fund are needed for other public infrastructure projects and to fund the repayment of certain financing and reimbursement agreements and; WHEREAS, proceeding with the construction and installation of the Phase 11 Washington Street Drainage Improvements at this point in time will help to stimulate the local economy by providing local jobs and construction - related expenditures; and WHEREAS, it would be in the best interest of the public to construct and install the Phase 11 Washington Street Drainage Improvements. 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. c , SECTION 2 . The Agency Board hereby appropriates additional Agency funding4o'be utilized for the Phase II Washington Street Drainage Improvements from Project Atea No. 2 in the amount of $ 161,500. The Executive Director is authorized to execute the public works contract for the project in order to acknowledge the Agency's obligation to provide the funding for the contract. Resolution No. RA 2011-027 Appropriating RDA Project Area No. 2 Funds Washington St Drainage, Project 2010-08 Adopted: June 28, 2011 Page 2 SECTION 3. Pursuant to Health and Safety Code Section 33445(a), the Agency finds and determines that: A. The construction and installation of Phase II Washington Street Drainage Improvements is of benefit to the Project Areas and to the immediate neighborhoods in which the improvements are located. B. No other reasonable means of financing the Phase II Washington Street Drainage Improvements are available to the community at this point in time. C. The Phase II Washington Street Drainage Improvements will assist in the elimination of one or more blighted conditions inside the Project Areas, and are consistent with the Redevelopment Agency's implementation plan adopted pursuant to Section 33490. PASSED, APPROVED and ADOPTED at a special meeting of the La Quints Redevelopment Agency held on this 28th day of June 2011, by the following vote: AYES: Agency Members Adolph, Franklin, Chair Henderson NOES: None ABSENT: Agency Member Sniff ABSTAIN: Agency Member Evans TERRYNDERSON, Chairperson La Quipto Redevelopment Agency /i1 La .QbWbAedevelop "me (AC3EN6Y-$EAL) D, CMC, Secretary Agency Resolution No. RA 2011-027 Appropriating RDA Project Area No. 2 Funds Washington St Drainage, Project 2010 -08 Adopted: June 28, 2011 Page 3 APPROVED AS TO FORM: A'AJ6::IMC-�1 M. KATHE INE JENSO&VAgehey Coun I La Quinta Redevelopment Agency