RDA Resolution 1992-02) RESOLUTION NO. RA92-2
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY
APPROVING A FIRST AMENDMENT TO THE AFFORDABLE
HOUSING AGREEMENT BY AND BETWEEN THE LA QUINTA
REDEVELOPMENT AGENCY AND COACHELLA VALLEY HOUSING
COALITION
WHEREAS, the La Quinta Redevelopment Agency the Agency*')
and the Coachella Valley Housing Coalition, a California
nonprofit public benefit corporation the **Developer") entered
into a certain Affordable Housing Agreement, dated as of
June 11, 1991 the Agreement"); and
WHEREAS, the Agreement provides that the Developer would
acquire twenty 20) parcels of land within the Cove" area of
the City of La Quinta the City") and cause the construction
of twenty(20) single family houses thereon, to be constructed
by and sold to persons and households of lower income at an
affordable housing cost; and
WHEREAS, the Agency and the Developer have been proceeding
to perform their respective obligations pursuant to the
Agreement; and
WHEREAS, the Agency and the Developer now desire to amend
the Agreement to reduce the number of houses constructed from
twenty 20) to ten 10), to provide that the Agency purchase
the sites and convey those sites to the Developer, to increase
the amount of the loans the Agency will make to each homebuyer,
to decrease the amount of the construction grant and
construction loan to be made by the Agency to the Developer,
and to make other changes as set forth in the First Amendment
to Affordable Housing Agreement the Amendment"); and
WHEREAS, the Agency has prepared a report pursuant to
Section 33433 of the California Health and Safety Code and has
caused such report to be on display pursuant to the
requirements of Section 33433; and
WHEREAS, the approval and execution of the Amendment will
facilitate the orderly completion of the houses as contemplated
in the Agreement and in furtherance of the Redevelopment Plan
for La Quinta Redevelopment Project No. 1 the Redevelopment
Plan"); and
WHEREAS, the Agency and the City Council of the City of La
Quinta have conducted a duly noticed joint public hearing
regarding the proposed amendment;
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) RESOLUTION NO. RA 92-2
NOW1 THEREFORE1 the La Quinta Redevelopment Agency does
resolve as follows:
Section 1. The Environmental Determination Exemption)
prepared with respect to the Amendment is based upon the
determination that, pursuant to Section 15061 of the State CEQA
Guidelines, there is no possibility that the Amendment will
have a significant effect on the environment beyond the effect
of the Agreement. The Agency approves the exemption, and
directs the Agency Secretary to prepare and file with the
County Clerk of the County of Riverside a Notice of Exemption
pursuant to Section 15061 of the State CEQA Guidelines.
Section 2. The Agency has received and heard all oral
and written objections to the proposed Amendment, and all such
objections are overruled.
Section 3. The Agency hereby approves the Amendment,
and authorizes and directs the Chairman of the Agency to
execute the Amendment on behalf of the Agency. A copy of the
Amendment shall be placed on file in the office of the Agency
Secretary.
Section 4. The Executive Director of the Agency or his
or her designee) is hereby authorized, on behalf of the Agency,
to sign all documents and take all actions necessary or
appropriate to carry out and implement the Agreement, as
amended by the Amendment, and to administer the Agency*s
obligations, responsibilities and duties to be performed under
the Agreement, as amended by the Amendment.
PASSED, APPROVED AND ADOPTED this 3rd day of March
1992, by the following vote:
AYES: Mr. Bohnenberger, Mrs. Franklin, Mr. Rushworth,
Chairinan Pena
NOES.* None
ABSTAIN: Mr. Rushworth
ABSENT: None
LA QUINTA REDEVELOPMENT AGENCY
By:
*
ATT*T*A
*
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ADMIN-U01
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92-U02
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