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CC Resolution 1993-062^#E3 RESOLUTION NO.93-62 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA DETERMINING THAT THE USE OF CERTAIN REAL PROPERTY FOR PUBLIC IMPROVEMENTS IS OF PUBLIC BENEFIT TO THE REDEVELOPMENT PROJECT AND THE IMMEDIATE NEIGHBORHOOD IN WHICH THE PROJECT IS LOCATED AND DETERMINING THAT THERE ARE NO OTHER REASONABLE MEANS OF FINANCING SAID PUBLIC IMPROVEMENTS WHEREAS, the La Quinta Redevelopment Agency the Agency") desires to approve certain street widening improvements located on Park Avenue north of Avenue 50 which will be of benefit to the La Quinta Redevelopment Project Area No.1 and the immediate neighborhood in which the Project is located; and WHEREAS, the Agency desires to use Agency funds for said street improvements in an amount of Sixty Thousand Dollars $60,000) as budgeted in the Fiscal Year 1993-1994 Budget; and WHEREAS, California Health and Safety Code Section 33445 provides that the Agency may, with the consent of the legislative body, pay all or part of the value of public buildings, facilities, structures or other improvements upon a finding that such public improvements are of benefit to the Project Area or the immediate neighborhood in which the Project is located and that there is no other reasonable means of financing such public improvements available for the community; and NOW, THEREFORE, the City Council of the City of La Quinta does hereby find, determine, order and resolve as follows: Section 1. Pursuant to Health and Safety Code Section 33445: i) the proposed street improvements for which the project is located are of benefit to the Project Area and the neighborhood in which such improvements are to be situated; and ii) no other reasonable means of financing the improvements are available to the City of La Quinta. PASSED, APPROVED and ADOPTED this26thday of July 1993. AYES: Council Members Bangerter, McCartney, Sniff, Mayor Pena NOES: None ABSENT: Council Member Perkins ABSTAIN: None BIB] 08-17-1998-U01 11:11:56AM-U01 ADMIN-U01 CCRES-U02 93-U02 62-U02 ^#E3Resolution No. 93-62 j<( Mayor PuBL:3949*Il 1871B2588.o 2 BIB] 08-17-1998-U01 11:11:56AM-U01 ADMIN-U01 CCRES-U02 93-U02 62-U02