RDA Resolution 1991-02t Y
RESOLUTION NO. RA 91-2
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT
AGENCY APPROVING AN OWNER PARTICIPATION
AGREEMENT BY AND BETWEEN THE AGENCY AND LA
QUINTA REAL ESTATE PARTNERSHIP; DETERMINING
THAT THE CONSTRUCTION OF CERTAIN PUBLIC
IMPROVEMENTS ADJACENT TO THE SITE IS OF
BENEFIT TO REDEVELOPMENT PROJECT NO.2 AND THE
IMMEDIATE NEIGHBORHOOD IN WHICH THE PROJECT IS
LOCATED; DETERMINING THAT THERE ARE NO OTHER
REASONABLE MEANS OF FINANCING SAID
IMPROVEMENTS; AND AUTHORIZING THE EXECUTION
AND DELIVERY OF SAID OWNER PARTICIPATION
AGREEMENT.
WHEREAS, the La Quinta Redevelopment Agency Agency") is
authorized to carry out the redevelopment of the Redevelopment
Project Area No. 2 Project Area"); and
WHEREAS, the Redevelopment Plan for the Project Area
authorizes and directs the Agency to pay all or part of the value
of the construction of certain public improvements; and
WHEREAS, the Agency desires to enter into an Owner
Participation Agreement OPA") with La Quinta Real Estate
Partnership the Participant"), substantially in the form
presented to the Agency at the meeting at which this resolution was
adopted; and
WHEREAS, pursuant to the OPA, the Agency shall bear certain
costs for Whitewater Channel improvements adjacent to the Site the
Channel Improvements") as more particularly described in the OPA;
and
WHEREAS, the City has previously conducted its environmental
review of the activities contemplated by the OPA and has approved
a Negative Declaration EA No. 89-129, Case No. PP 89-417) in
connection therewith; and
WHEREAS, California Health and Safety Code Section 33445
provides that a redevelopment 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 finding that such
public improvements are of benefit to the project area or the
immediate neighborhood in which the project is located and that
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tRESOLUTION NO. RA 91-2
there are no other reasonable means of financing such public
improvements available to the community.
NOW, THEREFORE, THE LA QUINTA REDEVELOPMENT AGENCY DOES HEREBY
RESOLVE AS FOLLOWS:
Section 1: The Agency hereby approves the form of the OPA
presented to the City Council at the meeting at which this
resolution was adopted.
Section 2: The Agency hereby determines that the acquisition,
construction and installation of the Channel Improvements is of
benefit to the Project Area and the surrounding neighborhood in
which the project is located.
Section 3: The Agency hereby determines that it is
appropriate to construct and install or cause the construction and
installation of the Channel Improvements and that there are no
other reasonable means of financing the Channel Improvements.
PASSED, APPROVED AND ADOPTED this 15th day of January
1991 at a regular meeting of the La Quinta Redevelopment Agency by
the following vote:
AYES: Mr. Bohnenberger, Mrs. Franklin, Mr. Rushworth, Mr. Sniff,
Chairman Pena
NOES: None Th
ABSENT: None
ABSTAIN: None
La Quinta Redevelopment Agency
SAUNDRA L. JUHOLA SECRETARY
La Quinta Redevelopment Agency
APPROVED AS TO FORM:
QLr\A I
DAWN HONEYWELL, tITY ATTORNEY
City of La Quinta
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