RDA Resolution 1995-15^# I
RESOLUTION RDA 95-15
A RESOLUTION OF THE REDEVELOPMENT
AGENCY OF THE CITY OF LA QUINTA
APPROVING THE TRANSFER OF LOW AND
MODERATE INCOME FUNDS TO THE
GENERAL AGENCY FUND TO TRANSFER
CERTAIN REAL PROPERTY TO THE
OWNERSHIP AND CONTROL OF THE LOW
AND MODERATE INCOME FUND
WHEREAS, the La Quinta Redevelopment Agency the Agency"), acquired the
property known as the Murphy property in May, 1991; and
WHEREAS, the Agency wishes to develop or assist in the development of an
affordable housing project to be located in a portion of the Murphy Property identified more
specifically by the legal description attached as Exhibit A", hereto and incorporated herein by this
reference the Property"); and
WHEREAS, the Agency is authorized to acquire property for the development of
affordable housing; and
WHEREAS, the proposed $1,986,090 cost of the Property to the Low and Moderate
Fund is based pursuant to the financial advisors report of the fair market value of the Property; and
NOW, THEREFORE, the Redevelopment Agency of the City of La Quinta does
resolve and find as follows:
Section 1 The Agency approves the transfer of One Million Nine Hundred Eighty-Six
Thousand and Ninety Dollars $1,986,090) to the General Redevelopment Agency Fund in
consideration for the transfer of control and ownership of the Property to the Low and Moderate
Fund for the purpose of developing or assisting in the development of an affordable housing project
on the Property.
Section 2. The Agency hereby finds that the flinds authorized in Section 1 are the fair
market value for the Property based on the Agency fmancial consultant's review of the 1995 market
sales data and conclusion that this amount is ajust value for the Property.
Section 3. The Agency has determined that approval of this flind transfer is exempt under
the California Environmental Quality Act Guidelines Section 15061(b)(1) and b)(3) as the flind
transfer is not a project as defined in Section 15378 and/or there is no possibility that the flind
transfer could have a significant effect on the environment
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^# 5
Resolution R0A95 15
PASSED APPROVED, and ADOPTED at a regular meeting of the La Quinta
Redevelopment Agency held on this L* day of October, 1995, by the following vote, to wlt:
AYES: Board Members Bangerter, Cathcart, Pena, Perkins,
Chairman Sniff
NOES: None
ABSENT: None
ABSTAIN: None
STANLEY
La Quinta Redevelopment Agency
SAUNDRA L ml LA, Secretary
La Quinta Redevelopment Agency
APPROVED AS TO FORM
DAWN HONEYWELL, X*'gency Counsel
La Quinta Redevelopment Agency
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^# EXHIBIT A"
THE SOUTH HALF OF SOUTHEAST QUARTER OF SECTION 29, TOWNSHIP 5 SOUTH,
RANGE 7 EAST, SAN BERNARDINO MERIDIAN, IN THE COUNTY OF RIVERSIDE, STATE
OF CALIFORNIA, ACCORDING TO THE OFFICIAL PLAT THEREOF.
EXCEPT THE NORTH HALF OF NORTH HALF OF SOUTHEAST QUARTER OF SOUTHEAST
QUARTER OF SAID SE*ON;
ALSO EXCEPT THE WEST 30.00 FEET OF THE SOUTIEST QUARTER OF THE
SOUTHEAST QUARTER OF SAID SECTION.
ALSO EXCEPT THAT PORTION OF THE ABOVE DESCRIBED PROPERTY DESCRIBED AS
FOLLOWS:
A PORTION OF LAND LYING IN THE SOUTH HALF OF THE SOUTHEAST QUARTER OF
SECTION 29, TOWNSHIP 5 SOUTH, RANGE 7 EAST, SAN BERNARDINO MERIDIAN,
DESCRIBED AS FOLLOWS:
COMMENCING AT THE SOUTHWEST CORNER OF THE SOUTH HALF OF THE
SOUTHEAST QUARTER OF SAID SECTION 29;
THENCE SOUTH 89' 16' 19" EAST ALONG THE SOUTHERLY LINE OF SAID SOUTH HALF
OF THE SOUTHEAST QUARTER, 275.35 FEET TO A POINT ON A CURVE, SAID POINT
BEING THE TRUE POINT OF BEGINNING.
THENCE NORTHEASTERLY ALONG AN ARC OF A CURVE CONCAVE TO THE RIGHT,
HAVING A RADIUS OF 6,620.00 FEET, THROUGH A CENTRAL ANGLE OF 95' 39t 27", A
DISTANCE OF 653.67 FEET;
THENCE SOUTH 47' 99' 90" EAST ALONG A RADIAL LINE, 10.00 FEET;
THENCE NORTHEASTERLY ALONG AN ARC OF A CURVE CONCAVE TO THE RIGHT
HAVING A RADIUS OF 6,610.00 FEET, THROUGH A CENTRAL ANGLE OF 91' 57' 91", A
DISTANCE OF 225.00 FEET;
THENCE NORTH 44' 48' 91" EAST, 655.76 FEET TO A POINT ON THE WESTERLY LINE OF
THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SAID SECTION 29, SAID
POINT BEING 229.28 FEET SOUTH OF THE NORTHWEST CORNER OF SAID SOUTHEAST
QUARTER OF THE SOUTHEAST QUARTER;
THENCE SOUTH 90' 97' 34" EAST ALONG SAID WESTERLY LINE, 111.67 FEET;
THENCE NORTH 89' 40' 28" EAST, 197.80 FEET;
THENCE SOUTH 44' 48' 91" WEST, 590.27 FEET;
THENCE SOUTH 45' 11' 59" EAST, 10.00 FEET;
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^#THENCE SOUTH 44* 48' Ol" WEST, 125.00 FEET TO A POINT OF CURVATRRE,
THENCE SOUTHWESTERLY ALONG AN ARC OF A CURVE CONCAVE TO THE LEFT,
HAVING A RADIUS OF 6,380.00 FEET, THROUGH A CENTRAL ANGLE OF 05* 5995399, A
DISTANCE OF 667.90 FEET TO A POINT OF SAID SOUTHERLY LINE;
THENCE NORTH 89* 16' 19" WEST ALONG SAID SOUTHERLY LINE 301.55 FEET TO THE
POINT OF BEGINNING.
ALSO EXCEPT THAT PORTION OF THE ABOVE DESCRIBED PROPERTY DESCRIBED AS
FOLLOWS:
COMMENCING AT THE SOUTHWEST CORNER OF SAID SOUTHWEST ONE-QUARTER OF
THE SOUTHEAST ONE-QUARTER OF SECTION 29;
THENCE N00*10'l6"W ALONG THE WESTERLY LINE OF SAID SOUTHWEST ONE-
QUARTER OF THE SOUTHEAST ONE-QUARTER OF SECTION 29, A DISTANCE OF 30.00
FEET TO A POINT IN THE NORTHERLY RIGHT-OF-WAY LINE OF 48TH AVENUE;
THENCE S89*16'18"E ALONG SAID NORTHERLY RIGHT-OF-WAY LINE OF 48TH AVENUE,
A DISTANCE OF 30.00 FEET TO A POINT IN THE EASTERLY RIGHT-OF-WAY LINE OF
DUNE PALMS ROAD, SAID POINT BEING THE POINT OF BEGINNING OF THE PARCEL
OF LAND BEING DESCRIBED,
THENCE N00*10'16"W ALONG SAID EASTERLY RIGHT-OF-WAY LINE OF DUNE PALMS
ROAD, A DISTANCE OF 1321.70 FEET TO A POINT IN THE NORTHERLY LINE OF THE
SOUTHWEST ONE-QUARTER OF THE SOUTHEAST ONE-QUARTER OF SECTION 29;
THENCE S89*48'30"E ALONG SAID NORTHERLY LINE OF THE SOUTHWEST ONE-
QUARTER OF THE SOUTHEAST ONE-QUARTER OF SECTION 29, A DISTANCE OF 1294.25
FEET TO THE NORTHEAST CORNER OF SAID SOUTHWEST ONE-QUARTER OF THE
SOUTHEAST ONE-QUARTER OF SECTION 29;
THENCE S00*07'34"E ALONG THE EAST LINE OF SAID SOUTHWEST ONE-QUARTER OF
THE SOUTHEAST ONE-QUARTER OF SECTION 29, A DISTANCE OF 229.28 FEET TO A
POINT IN THE NORTHWESTERLY RIGHT-OF-WAY LINE OF THE LA QUINTA
EVACUATION CHANNEL CONVEYED TO COACHELLA VALLEY WATER DISTRICT BY
FINAL ORDER OF CONDEMNATION RECORDED DECEMBER 12, 1978 AS INSTRUMENT
NO.260944, OFFICIAL RECORDS, RECORDS OF RIVERSIDE COUNTY, STATE OF
CALIFORNIA;
THENCE S44*48'01"W ALONG SAID NORTHWESTERLY RIGHT-OF-WAY LINE OF THE LA
QUINTA EVACUATION CHANNEL, A DISTANCE OF 655.76 FEET TO THE BEGINNING OF
A 6610.00 FOOT TANGENT CURVE, CONCAVE TO THE SOUTHEAST;
THENCE CONTINUING ALONG SAID NORTHWESTERLY RIGHT-OF-WAY LINE OF THE
LA QUINTA EVACUATION CHANNEL, SOUTHWESTERLY ALONG SAID CURVE,
THROUGH A CENTRAL ANGLE OF 01*57'01" AN ARC LENGTH OF 225.00 FEET;
THENCE CONTINUING ALONG SAID NORTHWESTERLY RIGHT-OF-WAY LINE OF THE
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^# LA QUINTA EVACUATION CHANNEL, NON-TANGENT TO SAID CURVE, N47*09*00*'W, A
DISTANCE OF *0.00 FEET TO THE BEGINNING OF A 6620.00 FOOT NON-TANGENT
CURVE, CONCAVE TO THE SOUTHEAST THE IMTIAL RADIAL LINE BEARS
N47*09*00HW);
THENCE CONTINUING ALONG SAID NORTHWESTERLY RIGHT-OF-WAY LINE OF THE
LA QUINTA EVACUATION CHANNEL, SOUTHWESTERLY ALONG SAID CURVE,
THROUGH A CENTRAL ANGLE OF 05*20'02*', AN ARC LENGTh OF 616.28 FEET TO A
POINT IN SAID NORTHERLY RIGHT-OF-WAY LINE OF 48TH AVENUE;
THENCE NON-TANGENT TO SAID CURVE, N89*16'18"W ALONG SAID NORTHERLY
RIGHT-OF-WAY LINE OF 48TH AVENUE, A DISTANCE OF 268.12 FEET TO THE POINT OF
BEGINNING OF THE PARCEL OF LAND BEING DESCRIBED HEREIN.
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