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Crly COUNCIL CHAMBER
78495 CalIe Tampico
La Quinta, California 92253
Regular Meeting
July 19, 1994 3:00 P.M.
CALL TO ORDER Beginning Res. No. RA 94-10
a. Roll Call
CONFTRMATION OF AGENDA
APPROVAL OF MINLITES
a. Approval of Minutes of June 21 & July 5,1994.
PUBUC COMMENT
BUSINESS SESSION
1. CONSIDERATION OF ADOPTION OF FISCAL YEAR 1994/95 BUDGET.
A) RESOLUTION ACTION.
CONSENT CAU??AR
1 APPROVAL OF DEMAND REGISTER DATED JULY 19, 1994.
2 ACCEPTANCE OF AVENUE 50/EISENHOWER DRIVE IMPROVEMENTS PROJECT NO. 92-10.
3. ACCEPTANCE OF BID FOR ASSESSMENT/SEWER HOOK-UP FEE SUBSIDY PROGRAM
PROJECT NO.92-10.
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4. APPROVAL OF PROFESSIONAL SERVICES AGREEMENT WITH HALL AND FOREMAN, INC.
RELATED TO WASHINGTON WIDENING FROM WHITEWATER CHANNEL SOUTH TO SIMON
DRIVE PHASE I CONSTRUCTION DOCUMENTS.
5. APPROVAL OF A RESOLUTION AUTHORIZING A LOAN FROM THE CITY'S GENERAL FUND
TO THE REDEVELOPMENT AGENCY'S PROJECT AREA NOS. 1 & 2.
6. APPROVAL OF A RESOLUTION PERTAINING TO POTENTIAL AMENDMENTS TO THE
WILLIAMS DISPOSITION AND DEVELOPMENT AGREEMENT FOR COMPLIANCE WITH THE
CALIFORNIA TAX CREDIT ALLOCATION COMMITTEE SUBMITTAL REQUIREMENTS AND
TIM ELINES.
7 APPROVAL OF FISCAL YEAR 1994/95 INVESTMENT POLICY FOR CITY OF LA QUINTA/LA
QUINTA REDEVELOPMENT AGENCY/LA QUINTA FINANCING AUTHORITY.
DEPARTMENT REPORTS None
CHAIR AND BOARD MEMBERS' MS
PUBLIC HEARINGS 7:00 P.M.
Note: There are no public hearings scheduled for this meeting.
CLOSED SESSION
1 Conference with Real Property Negotiator pursuant to Government Code Section 54956.8 Consideration
of property negotiations with Williams Development Corporation for the terms, sale of property, and
acquisition of Deed of Trust interest located east of Desert Club Dr. North Side of Calle Tampico.
ADJOURNMENT
DECLARATION O? POSTING
I, SAUNDRA L. JUHOLA, Secretary of the La Quinta Redevelopment Agency, do hereby declare that the
foregoing agenda for the Redevelopment Agency Meeting of July 19, 1994 was posted on tbe outside entry to the
Council Chamber, 78-495 Calle Tanipico and on the bulletin board at the La Quinta Chamber of Commerce on
Frid y, July 15, 1994.
La Quinta Redeve[opment Agency
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4OFT??? BUSINESS SESSION:
COUNCILIRDA MEETING DATE:
July 19, 1994 CONSENT CALENDAR:
ITEM TIThE: STUDY SESSION:
PUBLIC HEARING:
Consideration of Adopting Resolution
94- approving the Fiscal Year
199???5 Budget
RECOMMENDATION:
Adopt Resolution RA94- approving Fiscal Year 1994-95's Proposed Budget.
FISCAL IMPLICATIONS:
All Fiscal Year 1994-95 revenues, operational appropriations and capital
project funding is included in the Proposed Fiscal Year 1994-95 Budget.
BACKGROUND AND OVERVIEW:
At the June 20th Special Meeting, the Board provided staff direction
regarding Fiscal Year 1994-95's Budget. The Agency requested additional
detailed schedules identifying budgeted appropriations regarding Attorney
Services and Training. A summary Report listing Fiscal Year 1993-94's
Accomplishments was also requested.
Subsequent events effecting the Fiscal Year 1994-95 Preliminary Budget have
occurred since its adoption on June 20th. The changes impact the City's
General Fund, Lighting and Landscaping District and Redevelopment Agency
Funds.
General Fund
The revised Fiscal Year 1994-95 operating revenues in excess of expenditures
net profit for the General Fund has increased to $160,216 from the
Preliminary Budget's operating revenues in excess of expenditures of $14,518.
Several items accounted for the increase of $145,698 to the General Fund.
Attachment 1 identifies each item and their fiscal impact on the Proposed FY
1994-95 Budget. A brief description of each item is presented in the
following two paragraphs.
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AGENDA CATEGORY:
BUSINESS SESSION:
COUNCILIRDA MEETING DATE: July 19, 1994 CONSENT CALENDAR:
ITEM TIThE: STUDY SESSION:
PUBLIC HEARING:
Demand Register July 19, 1994
RECOMMENDATION:
Approval of Demand Register.
BACKGROUND & OVERVIEW:
Prepaid Warrants:
18867-18888) $ 117,983.74
18790-92,18864-6618890-91) 31,854.39
PIR 10304-10363) 55,054.55
City Demands $ 751,487.29
Payable Warrants:
18893-18984) 1,423,066.71 RDA Demands $ 876,472.10
$1,627,959.39 $1,627,959.39
FISCAL IMPLICATIONS:
Demand of Cash RDA $ 876,472.10
ichard Parzonko, nce Director
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CP4OF
AGENDA CATEGORY:
BUSINESS SESSION:
COUNCILIRDA MEETING DATE: July 19,1994 CONSENT CALENDAR:
ITEM TIThE: STUDY SESSION:
Acceptance of Avenue 50 and Eisenhower PUBLIC HEARING:
Drive Improvements Project No.92-10
RECOMMENDATION:
Accept Avenue 50 and Eisenhower Drive Improvements
FISCAL IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
Refer to Consent Calender Item No.
er, hc Works
David M Director
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REDEVELOPMENT AGENCY BUSINESS SESSION:
MEETING DATE: July 19, 1994
CONSENT CALENDAR:
ITEM TLE:
STUDY SESSION:
Acceptance of Bid for Assessment/Sewer
Hook-Up Fee Subsidy Program Project 94-03 PUBLIC HEARING:
to Hendrickson Construction, Inc.
RECOM?N?NDATION:
Accept the low bid from Hendrickson Construction, Inc. for the hook-up of 17 sewers in the amount of
$42,518.00.
FISCAL IMPLICATIONS:
Funds of $3,484.00 are available in the RDA Assessment Subsidy Program, Assessment District 89-2 for the
two sewers located in Assessment District 89-2, funds of $4,480.00 are available in Assessment District 90-1,
for the two sewers located in Assessment District 90-1, funds of $9,612.00 are available in Assessment District
91-1, for the five sewers located in Assessment District 91-1, and funds are available in Assessment District
92-1 for the eight sewers located in Assessment District 92-1, for a total of $42,518.00.
BACKGROUND AND OVERVIEW:
Project 94-03 is for the hook-up of 17 sewers on the fee subsidy program, located on the attached map.
Attachment No.1). Two contractors submitted bids as follows:
1) Hendrickson Construction, Inc. $42,518.00.
2) Dateland Construction Company Inc. $49,451.00.
The bid proposal for the project is included as Attachment No.2.
FINDINGS AND ALTERNATIVES:
The low bidder Hendrickson Construction) has met all the requirements of the bid specifications and has
proven to be qualified in previous projects performed for the city. The bid price is consistent with previous
sewer projects. The only alternative to awarding the project to Hendrickson is to reject all bids and d?ay
construction of Project 94-03.
Tom Hartung, Director of Building and Safety
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BUSINESS SESSION:
COUNCILIRDA MEETING DATE: July 19, 1994 CONSENT CALENDAR:
ITEM TIThE: STUDY SESSION:
Cons ideration of Professional Services Agreement with Hall & PUBLIC HEARING:
Foreman, Inc., Related to Washington Street Widening from
Whitewater Channel South to Simon Drive Phase I
Construction Documents
RECOMMENDATION:
Adopt Resolution No. RA 94-?, determining that the use of Redevelopment Agency funds for public
improvements are of public benefit to the Redevelopment Agency project, and the immediate
neighborhood in which the project is located, and determining that there is no other reasonable means
of financing said public improvements;
FISCAL INPUCATIONS:
ESTIMATED ACTUAL COST: $126,200
BUDGETED: FUNDIACCOUNT: RDA-PA2 Capital Improvement/Washington Street Improvement
Bridge to Simon Drive AMOUNT: $1,064,503
BACKGROUND AND OVERVIEW:
Business Session Item No.
David M. Cosper; ubliQWorks Director
SDS/ss
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AGENDA CATEGORY:
C?OF BUSINESS SESSION:
COUNCILIRDA MEETING DATE: July 19, 1994 CONSENT CALENDAR:
ITEM TIThE: STUDY SESSION:
PUBLIC REARING:
Approval of Resolutions RA94-___ and RA94-
authorizing a Loan from the City's General
Fund to the Redevelopment Agency Project
Area Nos. 1 & 2 respectively
RECOMMENDATION:
1) Adopt Resolution No. RA94- approving a loan from the City's General
Fund in the amount not to exceed $2,200,000 to the Redevelopment Agency
Project Area No. its Capital Projects Fund.
2) Adopt Resolution RA94-___ approving a loan from the City's General Fund
in the amount of $4,321,796 to the Redevelopment Agency Project Area No. 2's
Capital Projects Fund.
FISCAL IMPLICATIONS:
The City's General Fund will earn $652,179 in interest if the loans are
approved for Fiscal Year 1994-95.
BACKGROUND AND OVERVIEW:
As a result of large infrastructure capital improvement projects, both
Project Areas' Capital Project Funds require a loan to subsidize cash flow
deficits. Governmental Code Section 53601(d) allows the City's General Fund
to provide a loan to fund a Redevelopment Agency's cash shortfall.
Project Area No. 2's Capital Fund cash flow deficit occurred in Fiscal Year
1992-93. A one year Promissory Note dated July 1, 1993 was issued in the
aruount of $5,121,796 by the City Council at the July 6, 1993 meeting. Debt
payments made during Fiscal Year 1993-94 included $800,000 of principal
reimbursed to the City's General Fund. A loan from the City's General Fund
in the amount of $4,321,796 is needed to fund Fiscal Year 1994-95's cash flow
deficit.
Project Area No. l's Capital Fund cash flow deficit resulted from the
completion of capital infrastructure projects in Fiscal Year 1993-94. The
projected amount required to meet cash flow needs in Fiscal Year 1994-95 is
$2,200,000.
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MEETING DATE: July 19, 1994 AGENDA CATEGORY:
BUSINESS SESSION:
ITEM TITLE: Resolution of the
La Quinta Redevelopment Agency CONSENT CALENDAR:
Authorizing Preparation of
Amendments to the Disposition STUDY SESSION:
and Development Agreement
Between the Agency and PUBLIC HEARING:
E.G. Williams Development
Corporation to Conform the
DDA to Tax Credit Allocation
Committee Submittal
Requirements and Timelines
RECOMMENDATION:
Adopt Resolution 94- authorizing preparation of amendments to
the Disposition and Development Agreement between the Agency and
E.G. Williams Development Corporation.
FISCAL IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
On June 28, 1994, the La Quinta Redevelopment Agency approved a
Disposition and Development Agreement DDA'P) with E.G. Williams
Development Corporation Developer"). The DDA facilitates the
development of a 153-unit housing project that includes 62
single-family homes and 91 multifamily rental units; these
dwellings will be subsequently occupied by very low, low, and
moderate income family and senior citizen households,
respectively.
In order to achieve rents affordable to very low and low income
senior citizen households, the Developer is applying for Low
Income Housing Tax Credits with the California Tax Credit
Allocation Committee. The tax credit application is currently
being prepared for submittal by August 1, 1994. As part of the
application preparation process, the Developer' 5 tax credit
consultant and legal counsel have reviewed the DDA to ensure that
the Agency/Developer transaction for the rental housing units
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