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HomeMy WebLinkAboutRDA RES 260RESOLUTION NO. 260 A RSSOLUTION OF THS PALM DBSERT RSDSVSLOPI NT AGSNCY APPROVING THS PAYMENT BY THS AGSNCY FOR ALL OR PART OF THE VALUR OF TH$ LAND FOR AND Ti COST OF INSTALLATION AND CONSTRUCTION OF CSRTAIN PUBLICLY OWN}3D FACILITISS AND IMPROVSMENTS THE PALM DESERT REDEVELOPMENT AGENCY HEREBY FINDS, DETERMINES, RESOLVES AND ORDERS AS FOLLOWS: Section 1. Pursuant to provisions of the Community Redevelopment Law (California Health and Safety Code Section 33000, et. seq.), and in particular section 33445 thereof, the Agency proposes to pay all or part of the value of the land for and the costs of installation and construction of certain publicly owned facilities and improvements to be located in the City o Palm Desert. Those facilities and improvements include a municipal golf course, which is proposed to be located southeast of the intersection of Portola Avenue and Frank Sinatra Drive; traffic circulation improvements to facilitate a freeway interchange at Cook Street; park and recreational Whitewater Channel at Cook Street; park and recreational facilities in the Civic Center area of the City, including tennis courts, volleyball courts, baseball diamonds and playing fields; traffic circulation and drainaqe improvements at Highway 111 and Deep Canyon Drive; and parking improvements and facilities to be located near the Town Center Mall and surrounding commercial uses. The construction of the proposed parks and recreation improvements and facilities, including the municipal golf course, will provide new, modern and efficient recreational facilities to serve the residents and taxpayers of the City and particularly of Project Area No. 1, As Amended. The bulk of the residents and taxpayers of the City reside in Project Area No. 1, As Amended, and it is expected that they will be the principal users and beneficiaries of the park and recreational facilities, includinq the municipal golf course. Cook Street is a major north-south thoroughfare serving the City, and in particular Project Area No. 1, As Amended, of the Agency. Cook street provides access to Project Area no. 1, As Amended, generally along its eastern boundary. The interchange improvements and the bridge will further improve traffic circulation in and around Project Area No. 1, As Amended. Similarly, the traffic circulation and drainage improvements at Highway 111 and Deep Canyon Drive will improve traffic circulation in Project Area No. 1, As Amended, and in particular the commercial areas of the Original Territory of the Project Area. The parking improvements and facilities proposed to be located near the Town Center Mall and surrounding commercial uses will provide additional public parking facilities and help to attract and retain customers to those commercial uses in the original Territory of Project Area No. 1, As Amended. The foregoing will help correct the situation of inadequate public improvements and facilities in the Project Area, promote the sound RESOLUTION NO. 260 dAvelopment and redevelopment of the project areas, reduce crime and juvenile delinquency and create �nbs, alI for the benefit of tlie health, safety and welfare of the residents and taxpayers of the City and Project Area No. 2, As Amended. Section 2. The budget constraints of the City and the extraordinary voter approval requirements applicable to traditional methods oi financing such facilities and improvements (such as general obligation bonds and community facilities district bonds) as a practical matter prevent the City from financing the acquisition of land and payment for the cost of the installation and construction of these facilities by any other means. While special assessment bonds will finance a portion of the cost of the freeway interchange improvements at Cook Street, the remaining improvements wi11 have more general rather than special benefits to property owners, and ther�fore special assessment financing would not be an appropriate method of financing the facilities and improvements described in Section 1. Section 3. The Agency hereby finds and determines that based upon the foregoing and other information presented to the Agency� (i) the facilities and improvements described in Section 1, above, will be of benefit to, and will primarily benefit, Project Area No. 1, As Amended; and ( ii) no other reasonable means of financing stich acquisition and installation and construction are available to the City. Section 4. The Agency hereby approves the payment by thA Agency for all or part of the value of the land for and the cost of installation and construction of facilities and improvements described in Section 1, hereof, from any revenues of the Agency lawfully available therefor, including taxes allocated to the Agency from Project Area No. 1, As Amended. PASSED, APPROVED AND ADOPTED this 23rd day of April, 1992. AYES: BENSON, CRITES, SNYDER, WILSON, KELLY NOES: NONE ABSENT: NONE ABSTAIN: NONE , �r / � '� ATTEST' : ' � � � '� � Ri rd S. K"el ly, Cha ' man �{ � � `�- ✓�� �' �,�.,. J t v%C,- L{t c' ,� �✓ Sheila R, Gilligan, Se retary �