HomeMy WebLinkAboutRDA RES 456RESOLUTION NO. 456
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY
APPROVING PAYMENT BY THE AGENCY FOR ALL OR A PART OF
— THE VALUE OF THE LAND FOR AND THE COST OF THE
INSTALLATION AND CONSTRUCTION OF CERTAIN PARK AND
RECREATION FACILITY IMPROVEMENTS AND CERTAIN PUBLIC
PARKING IMPROVEMENTS
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 seg.), and in particular
Section 33445 thereof, the Palm Desert Redevelopment Agency has paid or
proposes to pay for all or a part of the value of the land for and the cost of the
installation and construction of improvements to the public parking facilities generally
located between EI Paseo and Highway 111, east of Monterey Avenue and west of
Sage Street.
The subject public parking facilities are located in Project Area No. 1,
As Amended, of the Agency. The City Council has previously determined that the
Project Area 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 governmental action, or both, without
redevelopment. Among other things, the Project Area contains vacant and
underutilized properties, properties which suffer from depreciated or stagnant
property values, and deteriorated, aged and obsolete buildings. In addition, the
Project Area is characterized by the existence of inadequate public improvements
and public facilities, including inadequate circulation improvements which cannot be
remedied by private or governmental action without redevelopment.
The subject public parking facilities will improve traffic circulation within the
Project Area and thereby mitigate congestion and safety hazards, all for the benefit of the
health, safety and welfare of the residents and taxpayers of the Project Area. The subject
public parking facilities provide additional parking and thereby help to attract and
retain customers to commercial uses in the Project Area. The subject public parking
facilities will thereby assist in the elimination of conditions of blight within the Project Area
which are caused by inadequate public improvements. This in tum will assist in eliminating
a factor which prevents or substantially hinders the economically viable use or capacity of
buildings or lots and will encourage private-sector investment in the Project Area, thereby
faci(itating the redevelopment of the Project Area.
Section 2. The budget constraints of the City prevent the City from financing
the subject public parking facilities by any means. No moneys of the City are available to
pay for the cost of such facilities. 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.
P6402\0001\710345.2
RESOLUTION NO. 456
Assessment financing or special tax financing could overburden benefitting properties with
assessments or special taxes and, in addition, special taxes require a two-thirds vote and
assessments are subject to a majority protest.
Section 3. The Agency Board hereby finds and determines that based upon
the foregoing and other information presented to the Agency Board: (i) the subject public
parking facilities are of benefit to the Project Area and the immediate neighborhood in
which the project is located; (ii) the payment of funds for the acquisition of land and the
cost of such facilities will assist in the elimination of one or more blighting conditions inside
the Project Area; (iii) the payment of funds for the acquisition of land and the cost of such
facilities 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
improvements is available to the City.
Section 4. The Agency hereby approves payment by the Agency for all or
a part of the value of the land for and the cost of the installation and construction of the
foregoing facilities.
Section 5. The Executive Director is hereby directed to effect the
conveyance to the City of all of right, title and interest of the Agency in all of the land and
improvements described in this Resolution pursuant to the form of grant deed attached
hereto as Exhibit A.
PASSED, APPROVED and ADOPTED this 14rh day of November, 2002.
AYES:
NOES:
ABSENTS:
BENSON, CRITES, SPIEGEL, KELLY
NONE
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ABSTAINS: FERGUSON
Attest:
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Rache e . assen, Secretary
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RI HARD S. KELLY, CHAI
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