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HomeMy WebLinkAboutRDA RES 362RESOLUTION NO. 362 A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY _ APPROVING PAYMENT BY TFiE AGENCY FOR ALL OR PART OF THE VALUE OF THE LAND FOR AND THE COST OF THE INSTALLATION AND CONSTRUCTION OF A PUBLICLY OWNED GOLF COURSE AND RELATED FACILITIES AND IMPROVEMENTS (SOUTH GOLF COURSE) THE PALM DESERT REDEVELOPMENT AGENCY HEREBY FINDS, DETERMINES, RESOLVES AND ORDERS AS FOLLOWS: �ction 1. Pursuant to provisions of the Community Redevelopment Law (California Health and Safety Code Section 33000, �t sea.), and in particular Section 33445 thereof, the Palm Desert Redevelopment Agency (the "Agency") proposes to pay for all or part of the value of the land for and the cost of the installation and construction of improvements to an 18 hole golf course called the "south golf course" (which, together with the north golf course adjacent thereto will be known as the "Desert Willow Resort"). The improvements include the installation and construction of a golf course, together with appurtenances and appurtenant facilities, including a block wall, a well, restrooms and landscaping (collectively, the "Improvements"i. The south golf course is bounded approximately on the north by Frank Sinatra Drive, on the west by Portola Avenue, on the east by Cook Street, and on the south by Country Club Drive. The south golf course is located in Project Area No. 2 of the Agency ("Project Area No. 2"). Project Area No. 2 is an area that has previously been identified in the Redevelopment Plan as a blighted area. The area has previously been determined to create a social and economic burden on the community which cannot reasonably be expected to be reversed or alleviated by private enterprise or governmental action, or both, without redevelopment. In addition, Project Area No. 2 contains vacant and underutilized properties and properties which suffer from economic dislocation, deterioration or disuse, including depreciated or stagnant property values and impaired investments. The Improvements will increase recreational opportunities and provide new, modern and efficient recreational facilities to serve the residents and taxpayers of the City, including the residents and taxpayers of Project Area No. 2, and the other Project Areas of the Agency as well. The recreational facilities are all for the benefit of the health, safety and welfare of such residents and taxpayers. There are no public recreational facilities in the City comparable to the Desert Willow Resort. ,'C13; ?64�_-GOC": dc� lE'�%49 .. The construction of the Improvements on previously vacant, underutilized land will remedy the lack of adequate public improvements, assist in the revitalization of Project Area No. 2, encourage private sector investment and create job opportunities, all for the health, safety and welfare of the residents and taxpayers of the City. Sect�on 2. The budget constraints of the City prevent the City from financing the Improvements 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 requirements of two- thirds of the electorate. Assessment financing or special tax financing could overburden benefitting properties with assessments or special taxes which would be added to existing taxes and assessments, and, in addition, special taxes require a two-thirds vote and assessment financing may not be expressly authorized. Section 3. The Agency hereby finds and determines that based upon the foregoing and other information presented to the Agency: (i) the Improvements will be of benefit to Project Area No. 2 and to the immediate neighborhood in which the project is located, (ii) the payment of funds for the acquisition of the above-described land and the cost of the Improvements will assist in the elimination of one or more blighting conditions inside Project Area No. 2 by remedying the lack of adequate public improvements, assisting in the revitalization of Project Area No. 2, providing increased recreational and employment opportunities, and encouraging private sector investment, (iii) the payment of funds for the acquisition of the land and the cost of the Improvements is consistent with the Agency's implementation plan adopted pursuant to Health and Safety Code Section 33490; and (iv) no other reasonable means of financing the acquisition of the land and the Improvements are available to the City. Section 4. Following notice duly given, the City Council and the Agency have held a public hearing pursuant to Health and Safety Code Section 33679 on the payment by the Agency of all or a part of the value of the above-described land and the installation and construction of the Improvements. Section 5. The Agency hereby approves payment by the Agency for all or a part of the value of the above-described land and the cost of the installation and construction of the Improvements and hereby approves the transfer by the Agency to the City of such land and Improvements upon completion. Section 6. The Chairman of the Agency is hereby authorized to execute any instruments reasonably necessary to cause such transfer to occur. 5 ,._. ?6���-r�0::''._ dcs 1F.?Z'44 _ — 2 — PASSED, APPROVED and ADOPTED this 22nd day of October � 1998 • AiTES: Crites, Ferguson, Kelly, Spiegel, Benson NOES : None ABSENT : None ABSTAIN: None y'^i?: �6tiC2-, r,"v_ acs 16-2?49 � — 3—