RDA Resolution 1996-03^#/ II
RESOLUTION NO. RA 96-03
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY
MAKING CERTAIN PUBLIC IMPROVEMENT FINDINGS IN CONNECTION
WITH A TRAFFIC SIGNAL PROJECT ON HIGHWAY 111
WHEREAS, pursuant to Government Code Section 66002, the City of La Quinta
the City") is required to review and adopt a Capital Improvement Plan; and
WHEREAS, a portion of the Plan includes a traffic signal improvement located
on Highway 111 which is proposed to be improved with Redevelopment Agency
funds;
WHEREAS, pursuant to Health and Safety Code Section 33445, the La Quinta
Redevelopment Agency Agency") is authorized to use tax increment revenues to pay
all or a part of the value of the land for and 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;
NOW, THEREFORE, the La Quinta Redevelopment Agency does resolve as
follows:
Section 1. Pursuant to Health and Safety Code Section 33445, the Agency
finds and determines that: 1) the public improvements set forth in Exhibit A to be
constructed by the Agency are of benefit to the Project Area and the immediate
neighborhood in which the project is located; and 2) no other reasonable means of
financing the improvements are available to the community.
PASSED, APPROVED AND ADOPTED this 1 8th day of June, 1 996 by the
following vote:
AYES: Board Members Adolph, Henderson, Holt, Perkins, Chairman Sniff
NOES: None
ABSENT: None
ABSTAIN: None
1q
*YL.SNlFChairman*\*
La Quinta, Redevelopment Agency
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^#/Resolution No. RA 96-03
Page 2
SAUNDRA L. J LA, City Clerk
City of La Quinta, California
APPROVED AS TO FORM:
* *
DAWN C. HONEYW ELL, City Attorney
City of La Quinta, California
EXHIBIT A
Project Description
Create a new intersection at Plaza La Quinta on Highway 111. Project includes right of way
acquisition, traffic signalization, relocation of existing intersection, and landscape median
improvements.
Project Costs
Acquisitions $50,000
Administration $11,905
Construction $203,500
Engineering $20,350
Inspection/Testing $14245
Total Project Costs $300,000
BIB]
11-03-1997-U01
03:16:27PM-U01
ADMIN-U01
RDARES-U02
96-U02
03-U02