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RDA Resolution 1996-010L RESOLUTION RDA 96-01 A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY APPROVING THE OWNER PARTICIPATION AGREEMENT BY AND BETWEEN THE LA QUINTA REDEVELOPMENT AGENCY AND HAROLD AND HARRIET HARRIS MAKING CERTAIN FINDINGS IN CONNECTION THEREWITH WHEREAS, the La Quinta Redevelopment Agency the Agency'*) is a community Redevelopment Agency organized and existing under the California Community Redevelopment Law, Health and Safety Code Section 33000 et seq., and has been authorized to transact business and exercise the powers of a redevelopment agency pursuant to action of the City Council of the City of La Quinta the City Council"); and WHEREAS, the City Council, acting pursuant to the provisions of the California Community Redevelopment Law Health and Safety Code Section 33000 et seq.), has adopted the Redevelopment Plan the Plan") for the La Quinta Redevelopment Project No.1 the Proj ectt') by Ordinance No.264; and WHEREAS, in order to carry out and implement such Redevelopment Plan the Agency proposes to enter into that certain Owner Participation Agreement the Agreement") with Harold and Harriet Harris the Participant"), for the development of certain property the Sitett) in the Project Area the Project Area"), all as described in the Agreement; and WHEREAS, Health and Safety Code Section 33445 authorizes redevelopment agencies, with the consent of the legislative body, to pay all or 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 if the legislative body determines that such improvements are of benefit to the redevelopment project area or the immediate neighborhood in which the project is located, and that no other reasonable means of financing such buildings, facilities, structures or other improvements are available to the community; and WHEREAS, the Agreement would require the Agency to pay a portion of the cost of local agency fees described in the Scope of Development, attached to the Agreement as Attachment No. 3 located within the Project Area; and WHEREAS, the Agency has duly considered all terms and conditions of the proposed Agreement and believes that the development of the Site pursuant thereto is in the best interests of the City of La Quinta and the health, safety, and welfare of its residents, and in accord with the public purposes and provisions of applicable state and local laws and requirements. RESORDA.OO I BIB] 11-03-1997-U01 03:13:38PM-U01 ADMIN-U01 RDARES-U02 96-U02 01-U02 0LResolution RDA 96-01 NOW, THEREFORE, BE IT RESOLVED by the La Quinta Redevelopment Agency as follows: Section 1. The Agency approves the execution of the Agreement and a copy of the Agreement when executed shall be placed on file in the office of the City Clerk. The Executive Director of the Agency is authorized to implement the Agreement and execute all flirther documents and take such fitrther actions as may be necessary to carry out the Agreement. Section 2. The Mitigated Negative Declaration has been adopted for the project. Sec4on3. The Secretary shall certif* to the adoption of this Resolution. APPROVED AND ADOPTED this 20th day of February, 1996 at a regular meeting of the La Quinta Redevelopment Agency by the following vote: AYES: Board Members Adolph, Bangerter, Henderson, Perkins, Chairman Sniff NOES: None ABSENT: None ABSTAIN: None La Quinta Redevelopment Agency SAUNDRA L. JUH A, Secretary La Quinta Redevelopment Agency APPROVED AS TO FORM: * C. DAWN*NEYWELL, Age%y Counsel La Quinta Redevelopment Agency a' RESORDA.00 1 BIB] 11-03-1997-U01 03:13:38PM-U01 ADMIN-U01 RDARES-U02 96-U02 01-U02