RDA Resolution 1996-09^# I
RESOLUTION NO. RA 96-09
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY
APPROVING A FIRST AMENDMENT TO OWNER PARTICIPATION
AGREEMENT BY AND BETWEEN THE AGENCY AND LA QUINTA
REAL ESTATE PARTNERSHIP
WHEREAS, the La Quinta Redevelopment Agency Agency") is authorized to
carry out the redevelopment of the Redevelopment Project Area No.2 Project Area");
and
WHEREAS, the Redevelopment Plan for the Project Area authorizes and directs
the Agency to pay all or part of the value of the construction of certain public
improvements; and
WHEREAS, the Agency previously approved an Owner Participation Agreement
entered into by and between the La Quinta Redevelopment Agency and La Quinta Real
Estate Partnership the Participant") dated *- * I OPA"); and
WHEREAS, pursuant to the OPA, certain public improvements have been
completed, the restaurant has been constructed and the only outstanding item is the
proposed office structures; and
WHEREAS, the City has previously conducted its environmental review of the
activities contemplated by the OPA and has approved a Negative Declaration EA No.
89-129, Case No. PP 89-417) in connection therewith;
NOW, THEREFORE, THE LA QUINTA REDEVELOPMENT AGENCY DOES
HEREBY RESOLVE AS FOLLOWS:
Section 1: The Agency hereby approves the form of the First Amendment to
the OPA presented to the City Council at the meeting at which this resolution was
adopted.
Section 2: The Agency hereby authorizes the Executive Director to execute
the First Amendment to the OPA and perform all tasks necessary to ensure its
completion.
BIB]
11-03-1997-U01
03:32:35PM-U01
ADMIN-U01
RDARES-U02
96-U02
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^# a
Resolution No. RA 96-09
Page 2
PASSED, APPROVED AND ADOPTED this 1 9th day of November, 1 996 at a
regular meeting of the La Quinta Redevelopment Agency by the following vote:
AYES: Board Members Adolph, Henderson, Holt, Perkins, Chairman Sniff
NOES: None
ABSENT: None
ABSTAIN: None
STANLEY L. SNlF* CHA
La Quinta Redevelopment Agency'
ST:
* Secretary
La Quinta Redevelopment Agency
APPROVED AS TO FORM:
DAWN C. HONEY*ELL, Attorney
La Quinta Redevelopment Agency
2
BIB]
11-03-1997-U01
03:32:35PM-U01
ADMIN-U01
RDARES-U02
96-U02
09-U02