RDA Resolution 1992-19 RESOLUTION NO. RA92-19
RESOLUTION OF THE LA QUINTA REDEVELOPMENT
AGENCY APPROVING AND AUTHORIZING EXECUTION
OF AN AGREEMENT FOR CONSTRUCTION OF PUBLIC
IMPROVEMENTS
WHEREAS, the La Quinta Redevelopment Agency the Agency")
is in the process of implementing the Redevelopment Plan for
the La Quinta Redevelopment Project No. 1 the Project")
pursuant to the provisions of the California Community
Redevelopment Law California Health and Safety Code Section
33000, et seq.); and
WHEREAS, in furtherance of the Project, the Agency desires
to enter into an Agreement for Construction of Public
Improvements the Agreement") with the City of La Quinta the
City") and the Coachella Valley Water District the
District") under which the City will install and construct
certain street, utility and other public improvements and
facilities the Improvements") to serve the Project;
WHEREAS, pursuant to the Agreement, the Agency would pay
the City for all costs of such Improvements with monies which
the Agency has obtained or would obtain from the issuance and
sale of tax allocation bonds by the Agency, and the District
would pay the costs and expenses of the sanitary trunk sewer
facilities according to the terms of the Agreement; and
WHEREAS, the Agency desires to proceed with the
construction of the Improvements referenced in the Agreement;
and
WHEREAS, pursuant to Section 33445 of the Health and Safety
Code, the Agency may, with the consent of the City Council, pay
all or part of the cost of the installation and construction of
any building, facility, structure or other improvement which is
publicly owned either within or without the Project Area, if
the City Council determines that such buildings, facilities,
structures, or other improvements are of benefit to the project
area or the immediate neighborhood in which the project is
located and that no other reasonable means of financing such
buildings, facilities, structures or improvements are available
to the community; and
WHEREAS, the City Council has found and determined that the
construction of the Improvements referenced in the Agreement
will be of benefit to the Project Area in that the public
health, safety, and welfare of its inhabitants will be promoted
by the provision of the Improvements; and
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RESOLUTION NO. RA 92-19
WHEREAS, the City Council has found and determined, based
upon the report prepared by staff, that there are no reasonable
means of financing the Improvements reasonably available other
than the payment of construction costs by the Agency and the
District;
NOW, THEREFORE, THE LA QUINTA REDEVELOPMENT AGENCY DOES
RESOLVE AS FOLLOWS:
Section 1. The Agency hereby approves the Agreement and
the Chairman and the Secretary of the Agency are hereby
authorized to execute the Agreement on behalf of the Agency.
PASSED AND ADOPTED THIS **day of September, 1992 by the
following vote:
AYES: Mr. Bohnenberger, Mrs. Franklin, Mr. Rushworth,
Mr. Sniff & Chairman Pena
NOES: None
ABSENT: None
Chairmaj< j*
ATTEST:
2369Q/2258/OO 2-
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