RDA Resolution 1995-05^# I
RESOLUTION NO. *5
RESOLUTION OF I1IE LA QUINTA REDEVELOPMENT
AGENCY MAKING CERTMN FINDINGS WIIII RESPECT
TO LOW- AND MODERATE- INCOME HOUSING IN
CONNECTION WITh THE REDEVELOPMENT PLAN FOR
THE LA QUINTA REDEVELOPMENT PROJECT AS
AMENDED BY AMENDMENT NO.1
WHEREAS, the City Council of the City of La Quinta, California the City Council")
did duly pass and adopt Ordinance No.43 on November 29, 1983, and did thereby adopt and
approve the Redevelopment Plan for the La Quinta Redevelopment Project the Redevelopment
Plan"); and
WHEREAS, the City Council did duly pass and adopt Ordinance No.258 on December
20, 1994 and did thereby revise certain time limitations set forth in the Redevelopment Plan in
compliance with Section 33333.6 of the Community Redevelopment Law, California Health and
Safety Code Sections 33000, er *q. the Community Redevelopment Law"); and
WHEREAS, the La Quinta Redevelopment Agency the Agency") has undertaken the
required steps for the consideration of the adoption of a proposed amendment the Amendment
No.1") to the Redevelopment Plan; and
WHEREAS, a draft Redevelopment Plan for the La Quinta Redevelopment Project as
Amended by Amendment No.1 the Amended Redevelopment Plan") has been prepared in
accordance with the provisions of the Community Redevelopment Law; and
WHEREAS, the Amended Redevelopment Plan provides for the allocation of taxes from
the La Quinta Redevelopment Project the Project Area" or the Project"); and
WHEREAS, Section 33334.2 of the Community Redevelopment Law requires that not
less than twenty percent 20%) of all taxes allocated to the Agency pursuant to Section 33670 of
the Community Redevelopment Law be used for the purpose of increasing, improving and
preserving the community's supply of low- and moderate-income housing available at affordable
housing cost; and
WHEREAS, Section 33334.2(g) of the Community Redevelopment Law provides that
such funds may be used outside the Project Area if a fmding is rnade by resolution of the Agency
and the City Council that such use will be of benefit to the Project.
NOW, THEREFORE, BE IT RESOLVED by the La Quinta Redevelopment Agency as
follows:
Secdon 1. The La Quinta Redevelopment Agency hereby finds and determines that
the use of taxes allocated ftom the Project Area for the purpose of increasing, improving and
preserving the community's supply of low- and moderate-income housing available at affordable
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RESOLUTION NO. RA 95-05
housing cost outside the Project Area and within the City of La Quinta will be of benefit to the
Project. *
PASSED, APPROVED AND ADOPTED at a regular meeting of the La Quinta
Redevelopment Agency held the 7th day of Narch 1995, by the following roll cail
vote:
AYES: Board Neuiberg Perkins, Pena, Chairman Sniff
NOES: None
ABSENT: None
ABSTMN: Board Members Bangerter, Cathcart
***hairman,La Quinta$ffiveloP*tgency
Agency Clerk
APPROVED AS TO FORM:
* K /**L.i*Y
DAWN HONEYWELL, City Attorney
PUBL:23609*I 14241B2338.42 2
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