RDA Resolution 1993-15e4ZZ RESOLUTION NO. RA 93-15
RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY
AUTHORIZING EXECUTION OF AN AGREEMENT BY AND BETWEEN
THE LA QUINTA REDEVELOPMENT AGENCY AND THE DESERT
SANDS UNIFIED SCHOOL DISTRICT AND MAKING Certain
FINDINGS LA QUINTA REDEVELOPMENT PROJECT, AS PROPOSED
TO BE AMENDED)
WHEREAS, by Ordinance No.43, adopted November 29, 1983, City Council of the
City of La Quinta the City Council") approved the Redevelopment Plan the Original Plan")
for the La Quinta Redevelopment Project, which is also referred to as Project No.1" the
Original Project"); and
WHEREAS, the Original Plan included provisions for tax increment financing with
respect to the project area as originally established the Original Project Area"); and
WHEREAS, pursuant to the Original Plan, the Agency was authorized to undertake the
redevelopment of the area therein designated as the Redevelopment Project Area the Original
Project Area") of the La Quinta Redevelopment Project the Project"); and
WHEREAS, the Agency, the City of La Quinta the City"), and the Desert Sands
Unified School District the District") entered into an Agreement dated as of June 21, 1988 the
1988 Agreement"), which, in part, provided for the Agency to make certain payments from time
to time to a capital improvement fund as designated by the District; and
WHEREAS, in the course of implementing the 1988 Agreement, the parties have
determined that some of the language contained in the 1988 Agreement is unworkable, and
further that certain matters described in the 1988 Agreement have been accomplished; and
WHEREAS, the Agency and the District desire to restate the obligation of the Agency to
make certain payments to the District with respect to the Original Project Area; and
WHEREAS, the Agency has proposed by an Amended Redevelopment Plan the
Amended Plan") to make numerous substantive changes to the Original Plan; and
WHEREAS, meetings have been held by representatives of the Agency and
representatives of the District, to discuss the fiscal impact of the Project as amended by the
Amended Plan; and
WHEREAS, to alleviate any financial burden or detriment which the Project as so
amended may cause the District, and to amicably resolve any differences regarding the Project as
so amended, the parties hereto enter into this Agreement; and
WHEREAS, the District has approved the agreement the Agreement") which is
attached hereto and incorporated by reference herein providing for certain payments to the
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e4ZZRESOLUTION NO. RA 93-15
District, which payments will alleviate any adverse fiscal impact on the District resulting from
the Project and Amendment No.1; and
WHEREAS, pursuant to the Agreement, the Agency is to make certain payments into
a specified fund the Capital Fund") which shall be applied to defray the cost of certain public
improvements provided for in the Agreement the Designated Public Improvements"); and
WHEREAS, the Designated Public Improvements will serve inhabitants of the Project
Area, and will further be of benefit to the Project Area; and
WHEREAS, the Agency and the District have each reviewed their existing and
anticipated financial condition, as well as the financial condition of the City both present and
anticipated), and have determined that there is no reasonable alternative available for the
financing of the Designated Public Improvements except for the use of tax increment revenues
as provided pursuant to the Agreement;
NOW, THEREFORE, THE LA QUINTA REDEVELOPMENT AGENCY DOES
RESOLVE AS FOLLOWS:
Section 1: The Agency fmds and determines that: a) the Project as amended will cause
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; and b)
the Agreement alleviates any such financial burden or detriment.
Section 2: The Agency further fmds and determines that: a) the Designated Public
Improvements are of benefit to the Project Area, and b) no other reasonable means of financing
the Designated Public Improvements are available to the community.
Section 3: The Chairman and the Clerk of the Agency are authorized to execute the
Agreement, and to cause payments to be made to the District pursuant to the Agreement.
PASSED, APPROVED AND ADOP'I"ED this 21st day of December, 1993 at a regular
meeting of the La Quinta Redevelopment Agency by the following vote:
AYES: Members Bangerter, McCartney, Perkins, Sniff, Chairman Pena
NOES: None
ABSENT: None
ABSTAIN: None
La Quinta Redevelopment Agency
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e4ZZRESOLUTION NO. RA 93-15
La Quinta Redevelopment Agency
APPROVED AS TO FORM:
DAWN HONEYWELL
Stradling, Yocca, Carlson & Rauth
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