RDA Resolution 1991-08 RESOLUTION NO. RA 91-8
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT
AGENCY RATIFYING THE EXECUTION OF AN
AGREEMENT BY AND MAKING CERTAIN FINDINGS IN
CONNECTION THEREWITH AMONG THE CITY, THE
LA QUINTA REDEVELOPMENT AGENCY AND THE
COACHELLA VALLEY UNIFIED SCHOOL DISTRICT
WHEREAS, the La Quinta Redevelopment Agency the Agency")
and the City Council of the City of La Quinta the City") have
previously taken all appropriate actions to adopt the
Redevelopment Plan for Redevelopment Project No. 1 the
Project); and
WHEREAS, the Redevelopment Plan for the Project includes
provisions for tax increment financing; and
WHEREAS, the Agency1 the city and the Coachella Valley
Unified School District the District") have previously
entered into that certain Agreement for Cooperation the
Agreement"), a copy of which is attached hereto, which
provides, in part, for the Agency to make certain payments to
the District, subject to the terms and conditions set forth in
the Agreement; and
WHEREAS, the Agency has determined based upon evidence in
the record that, absent the Agreement, the Plan will cause and
has caused the District a financial burden or detriment and
that the payments are necessary to alleviate the financial
burden or detriment.
NOW, THEREFORE, THE LA QUINTA REDEVELOPMENT AGENCY DOES
RESOLVE AS FOLLOWS:
Section 1: Based upon the evidence submitted, the Agency
finds that the Plan will cause and has caused a financial
burden or detriment to the District and that the payments as
are provided for in the Agreement are necessary to alleviate
the financial burden or detriment of the District.
Section 2: The Agency hereby ratifies execution of the
Agreement in the form attached hereto and approves
implementation of the Agreement according to its terms.
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RESOLUTION NO. RA 91-8
PASSED, APPROVED AND ADOPTED this 2nd day of July, 1991.
AYES: Mr. Rush*Rushworth, Mr. Sniff, Chairman Pena
NOES: None
ABSENT: Mr. Bohnenberger, Mrs. Franklin
ABSTAIN: None
Chairman Quinta *reDEVELOPMENT
gency Secretar
5856u/2338/OOO 2-
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