RDA Resolution 1993-16 RESOLUTION NO. *A 93-16
RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY
AUTHORIZING EXECUTION OF AN AGREEMENT BY AND BETWEEN
THE LA QUINTA REDEVELOPMENT AGENCY AND THE DESERT
COMMUNITY COLLEGE DISTRICT *A 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 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
District, which payments will alleviate any adverse fiscal impact on the District resulting from
the Project and Amendment No.1;
NOW, THEREFORE, THE LA QUINTA REDEVELOPMENT AGENCY DOES
RESOLVE AS FOLLOWS:
Section 1: The Agency finds 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 1)) the
Agreement alleviates any such financial burden or detriment.
Section 2: The Chairman and the Clerk of the Agency are authorized the execute the
Agreement, and to cause payments to be made to the District pursuant to the Agreement.
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RESOLUTION NO. RA 93-16
PASSED, APPROVED AND Adopted*D 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
*N[LL*A,Secretary
La Quinta Redevelopment Agency
APPROVED AS TO FORM:
DAWN Honeywell*L, Counsel
Stradling, Yocca, Carlson & Rauth
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