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HomeMy WebLinkAboutRDA RES 409RESOLUTION NO. 409 A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY APPROVING PAYMENT BY _ THE AGENCY FOR ALL OR PART OF THE COST OF THE INSTALLATION AND CONSTRUCTION OF A PUBLICLY OWNED VISITORS' 1NFORMATION CENTER 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 se c .), and in particular Sections 33445 and 33679 thereof, the Palm Desert Redevelopment Agency (the "Agency") proposes to pay for all or part of the cost of the installation and construction of a Visitors' Information Center to be located in the City of Palm Desert, California on a site which is bounded by the. Palm Valley Stormwater Channel on the west, EI Paseo on the east, Painters Path on the south and Highway 111 on the north. The Visitors' Information Center will be located in Project Area No. 1 of the Agency. Project Area No. 1 is an area in which the combination of conditions of blight is so prevalent and so substantial that it causes a reduction of, or lack of, proper utilization of the area to such an extent that it constitutes a serious physical, social and economic burden on the community which cannot reasonably be expected to be reversed or alleviated by private enterprise or governmenta! action, or both, without redevelopment. Project Area No. 1 contains vacant properties and properties which suffer from economic dislocation, deterioration or disuse, including depreciated or stagnant property values and impaired investments. Such conditions tend to further deterioration and disuse because of the lack of incentive to landowners and their inability to improve, modemize or rehabilitate their property while the condition of the neighboring property remains unchanged. The Visitors' Information Center will provide a new, modern and efficient facility to serve t ie residents and taxpayers of the City, including the residents and taxpayers of Project Area No. 1, and the other Project Areas of the Agency as well. The construction of the building on previously vacant, underutilized land will promote tourism, assist in the revitalization of Project Area No. 1, encourage private sector investment in Project Area No. 1, and create job opportunities for the residents of Project Area No. 1 and the City, all for the benefit of the health, safety and welfare of the residents and taxpayers of the City. Section 2. The budget constraints of the City prevent the City from payi g for the cost of the installation and constn.iction of the Visitors' Information Center 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 is subject to a majority protest and special tax financing requires a finro-thirds vote of the electorate. Section 3. The Agency hereby finds and determines that based upon the foregoing and other information presented to the Agency: (i) the above-described Visitors' Information Center is of benefit to Project Area No. 1 and to the immediate P6402\0001\629163.2 RESOLUTION NO. 409 neighborhood in which the project is located; (ii) the payment of funds for the cost of the Visitors' Information Center will -�ssist in the elimmation of one or more blighting conditions inside Project Area No. 1 by, among other things, assisting in the promotion of tourism and the revitalization of Project Area No. 1, encouraging pnvate sector investment and creating job opportunities for the residents of Project Area No. 1 and the City; (iii) the payment of funds for the cost of the Visitors' Information Center 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 Visitors Information Center is 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 for all or a part of the cost of the Visitors' Information Center. Section 5. The Agency hereby approves payment by the Agency for all or a part of the cost of the installation and construction of the Visitors' Information Center frorn any revenues lawfully available to the Agency. 2000. PASSED, APPROVED arld ADOPTED this 14th day Of DecembPr , AYES: BENSON, CRITES, KELLY, SPIEGEL, FERGUSON NOES: NONE ABSENT: NONE ABSTAIN: NONE P6402\0001\629163.2 2