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HomeMy WebLinkAboutCC RES 97-085139Ob RESOLUTION NO. 97-85 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT APPROVING PAYMENT BY THE PALM DESERT REDEVELOPMENT AGENCY FOR ALL OR PART OF THE COST OF CONSTRUCTION OF A PUBLICLY OWNED PARKING LOT WHEREAS, pursuant to provisions of the Community Redevelopment Law (California Health and Safety Code Section 33000, ei .), and in particular Section 33445 thereof, the Palm Desert Redevelopment Agency ("the Agency") proposes to pay for all or part of the cost of construction of a publicly owned parking lot ("the Project") located in the vicinity of El Paseo and Highway 74 ("the Project Site"). WHEREAS, the Project Site is located in Project Area 1 of the Agency. Project Area 1 is characterized by problems of circulation, drainage, parking shortage, and access, creating economic blight. In addition, Project Area 1 is characterized by properties which suffer from economic dislocation, deterioration or disuse because of the existence of inadequate public improvements and public facilities which cannot be remedied by private or governmental action without redevelopment, which causes a reduction of, or lack of, proper utilization of Project Area 1 to such an extent that it constitutes a serious physical, social or economic burden on the City that cannot reasonably he expected to he reversed or alleviated by private enterprise acting alone. WHEREAS, the construction of the Project is a necessary component of the overall redevelopment of Project Area 1, and is integral to the goals of eliminating existing blight and preventing additional blight within the core commercial area of the City. Redevelopment of the core commercial area consistent with the Redevelopment Plan requires the development of additional public parking in key locations that will promote the improved circulation, improved access, and other goals of the Redevelopment Plan. The location of the Project Site makes it an ideal location for meeting the goals of increased public parking and better traffic circulation, and thereby also enhancing the potential for future development in the immediate area that will prevent the reoccurrence of the problems leading to blight. WHEREAS, the Project will serve a basic purpose of redevelopment and is consistent with the Agency's Implementation Plan adopted pursuant to California Health and Safety Code Section 33490. Redevelopment includes the provision of structures as may be appropriate or necessary in the interest of the general welfare, including parking facilities. The development of additional public parking in this key location will promote improved circulation and access in the core commercial area and will assist in the elimination of conditions of blight within Project Area 1 of the Agency which are caused by inadequate parking and circulation facilities. WHEREAS, the budget constraints of the City prevent the City from financing the Project by any means. Traditional methods of financing such as the issuance of general obligation bonds are unavailable as a practical matter because of the extraordinary majority voter approval -1- 9':]924 jar 167017C Resolution No. 97-85 requirements of two-thirds of the electorate. Assessment financing or special tax financing could overburden benefitting properties with assessments or special taxes which would he added to existing taxes and assessments, and, in addition, special taxes require a two-thirds vote and assessment financing may not be expressly authorized. NOW, THEREFORE, the City Council of the City of Palm Desert DOES HEREBY RESOLVE, DETERMINE AND ORDER as follows: Section 1. Recitals. The above recitals. and each of them, are true and correct. Section 2. Findings. Based upon the foregoing and other information presented to the City Council: (i) the Project will be of benefit to Project Area 1 of the Agency and to the immediate neighborhood in which the Project is located, (ii) the payment of funds for the cost of such improvements will assist in the elimination of one or more blighting conditions inside Project Area 1 by providing increased parking facilities, thereby encouraging private -sector investment; and (iii) no other reasonable means of financing such improvements are available to the City. Section 3. Approval of pavment Agency. The City Council hereby approves payment by the Agency for all or a part of the cost of the Project from any revenues of the Agency lawfully available therefor. Section 4. Effective Date. This Resolution shall take effect immediately upon adoption. PASSED, APPROVED and ADOPTED this 25th day of September. 1997. AYES: BENSON, CRITES, SNYDER, SPIEGEL NOES: KELLY ABSENT: NONE ABSTAIN: NONE Richard S. Kelly, Mayor Attest: • Sheila R. Gilligan, City Clerk? -2- 970929 jar 160017D