RDA Resolution 1990-03 RESOLUTION NO. RA9O--3
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT
AGENCY APPROVING THE EXPANSION OF A PROGRAM
FOR THE FURNISHING OF ASSISTANCE FOR
AFFORDABLE HOUSING AND AUTHORIZING THE
EXPENDITURE OF AGENCY FUNDS PURSUANT TO SUCH
PROGRAM
WHEREAS, the La Quinta Redevelopment Agency the Agency") Is in the
process of implementing the Redevelopment Plan for Redevelopment Project Area No.1
as adopted by City of La Quinta Ordinance No.34 the Project"); and
WHEREAS, the Redevelopment Plan the Redevelopment Plan") for the Project
provides that certain funds are to be made available to improve and expand the supply
of low and moderate income housing, in conformity with the provisions of Section
33334.2 of the California Health and Safety Code; and
WHEREAS, the Redevelopment Plan provides for the provision by the Agency of
certain public improvements; and
WHEREAS, the City of La Quinta the City") has established and implemented
two Assessment Districts Assessment Districts B8-1 and 89-2), which will provldo cGrta,:r,
sewer and related Infrastructure improvements the Improvements") of benefit to
residents of the Project Area of the Project; and
WHEREAS, Hook-Up Fees will be levied against property owners wishing to have
their property connected to the sewer improvements; and
WHEREAS, although the Improvements will be of benefit once completed, the
imposition of an Assessment and Hook-Up Fee to defray the cost of such Improvements
would create a burden for certain residents of the affected area, particularly those of
limited means; and
WHEREAS, the Agency currently implements an Assessment/Hook-Up Fee
Subsidy Program which provides assistance to defray the cost of the assessment by the
District for the benefit of persons who qualify due to income or who covenant to provide
affordable housing for a fifteen-year period the Minimum Period"); and
WHEREAS, extending the Program to an additional Assessment District
Assessment District 90.1) would allow for continuing Improvements" to be made
available to a greater portion of the City's population; and
WHEREAS, the Program for the provision of such assistance the Program") is
described in the Statement of the La Quinta Redevelopment Agency Assessment/Hook.
U Fee Subsidy Program the Statement"), which is attached hereto as Exhibit A", and
which, tog ether with all attachments thereto, is incorporated herein by reference; and
WHEREAS, the provision of the Improvements will benefit the Project Area; and
WHEREAS, there is no other reasonable means available to the community to
finance the Improvements; and
BIB]
07-30-1997-U01
02:03:42PM-U01
ADMIN-U01
RDARES-U02
90-U02
03-U02
RESOLUTION NO. RA 90-3
WHEREAS1 the implementation of the Program benefits the Project Area and the
community.
NOW, THEREFORE1 the La Quinta Redevelopment Agency does resolve as
follows:
1. The Agency finds and determines that: a) the provision of the
Improvements will benefit the Project Areas; b) there is available to the community no
other reasonable means of financing the Improvements than that set forth in the
Statement, and c) the Assessment/Hook.Up' Fee Subsidy Program is currently being
Implemented.
2. The Agency approves the extension of the Nprogr*mu to an additional
Assessment District Assessment District 90.1). The Chairman and Executive Director
are authorized to execute on behalf of the Agency all documents necessary and proper
to effectuate the provisions of the Program, as described in the Statement.
PASSED, APPROVED AND ADOPTED this 17th day of April I 1990 by
the following vote:
AYES: *BOHENBERGER, DO*RIH, RUSH**, *SNIFF & CHM:I*M**N p*
NOES: None
ABSENT: None
ABSTAIN: None
ency Secretary SA
APPI*VED As IOFOF*:
* *
D* 1*:*HONEYWELL, city* AI*O*
\-InIa\eg*** 2
BIB]
07-30-1997-U01
02:03:42PM-U01
ADMIN-U01
RDARES-U02
90-U02
03-U02