SA Resolution 2014-008 SilverRock PSDARESOLUTION NO. SA 2014-008
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE
LA QUINTA REDEVELOPMENT AGENCY APPROVING
THE EXPENDITURE OF REDEVELOPMENT AGENCY
BOND PROCEEDS FOR THE SILVERROCK GOLF COURSE
RESTORATION IMPROVEMENTS, AND MAKING
CERTAIN FINDINGS PURSUANT TO HEALTH AND
SAFETY CODE SECTION 33445(a)
WHEREAS, the SilverRock Golf Course Restoration Improvements are located
in the former La Quinta Redevelopment Project Area No. 1 (the "Project Area"); and
WHEREAS, the lack of recreational facilities and the prevalence of economic
maladjustment were documented as some of the conditions of blight that justified
the formation of the Project Area; and
WHEREAS, the construction and installation of the SilverRock Golf Course
Restoration Improvements would afford the City the opportunity to continue
addressing blighting conditions resulting from the lack of recreational facilities; and
WHEREAS, there is inadequate funding within the City's General Fund or
from other sources to construct the proposed SilverRock Golf Course Restoration
Improvements, in that the City's General Funds are needed to provide essential
public services, such a police services and maintenance of existing public
improvements; and
WHEREAS, proceeding with the construction and installation of the
SilverRock Golf Course Restoration 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 SilverRock Golf Course Restoration Improvements.
NOW, THEREFORE, BE IT RESOLVED by the Successor Agency to the La
Quinta Redevelopment Agency as follows:
SECTION 1. The above recitals are true and correct and are adopted as the findings
of the City Council.
Resolution No. SA 2013-008
SilverRock Golf Course Restoration Improvements
Adopted: July 15, 2014
Page 2
SECTION 2. The City Council hereby consents to the expenditure of former
Redevelopment Agency Bond proceeds to be utilized for the SilverRock Golf Course
Restoration Improvements.
SECTION 3. Pursuant to Health and Safety Code Section 33445(a), the City
Council finds and determines that: .
A. The construction and installation of the SilverRock Golf Course
Restoration Improvements is of benefit to the former Redevelopment
Project Area and to the immediate neighborhoods in which the
improvements are located.
B. No other reasonable means of financing the SilverRock Golf Course
Restoration Improvements are available to the community at this point
in time.
C. Restoring the SilverRock Golf Course will assist in the elimination of
one or more blighting conditions inside the former Project -Area No. 1,
including the lack of recreational facilities and opportunities, and is
consistent with the implementation plan that was in place at the time
of the bond sale, pursuant to Section 22490.
PASSED, APPROVED, and ADOPTED at a regular meeting of the Successor
Agency to the La Quinta Redevelopment Agency held on this 15th day of July
2014, by the following vote:
AYES: Agency Members Evans, Franklin, Henderson, Osborne, Chair Adolph
NOES: None
ABSENT: None
ABSTAIN: None
DON ADPLPH, Chairperson
City of La Quinta Acting as Successor
Agency to the La Quinta Redevelopment
Agency
Resolution No. SA 2013-008
SilverRock Golf Course Restoration Improvements
Adopted: July 15, 2014
Page 3
Fill III d *3 IF
SUSAN MAYSELS, Se etary
City of La Quinta Acting as Successor Agency
To the La-Quinta Redevelopment Agency
(AGENCY SEAL)
APPROVED AS TO FORM:
[fin I
WILLIAM H. IHRKE, Successor Agency Counsel
City of La Quinta Acting as Successor Agency
To the La Quinta Redevelopment Agency