1995 07 18 RDAing -> 10/*10?L?
8?L
CITY COUNCIL CHAMBER
78A95 Calle Tampico
La Quinta, California 92253
Regular Meeling
July 18, 1995 3:00 P.M.
CAll Th ORDER
a. Roll Call Beginning Res. No.95-il
CONFTRMATION OF AGENDA
APFROVAL OF MINIYIES
a. Approval of Minutes of June 22 & July 5, 1995
PUBUC COMMENT
Th?i u the Nt UMef.rpnilic' commuit en-, net for a pflibc hmriag. F'ene
a 1 U.' ui.Ea yurnr cmi*mtl to tkr. rn?uaiu.
BUSINESS SKSSION
1 CONSWERATION OF ADOPTING RESOLUTION APPROVING TIiE FISCAL YEAR 1995/96
BUDGET.
A) RESOLUTION ACTION.
CONSKNT CALNDAR
Note: &m1 41! candi? to be IR U.' wW be b, one
1. APPROVAL OF DEMAND REGISTER DATED JULY 18, 1995.
OOOi
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10/*1DEPARIMENT REPORTS
CHAIR AND BOARD MEMBUS' frEIIIS
JOINT PUBUC HEARING WrITI THE IA OUINTA C? COUNCIL:
1. RESOLUTION OP THE LA QUINTA REDEVELOPMENT AGENCY APPROVING AN AMENDMENT
TO THE BOYS & GIRLS CLUB BUILDING HORIZONS DISPOSITION AND DEVELOPMENT
AGREEMENT BY AND BETWEEN THE BOYS & GIRLS CLUB AND THE LA QUINTA
REDEVELOPMENT AGENCY.
A) RESOLUTION ACTION.
CloSED SESSION
Note: Persons identified as negotiating parties here the City is considering acquisition of their property are not
invited into the Closed Session meeting.
1. CONFERENCE WITH REAL PROPERTY NEGOTIATOR CONCERNING 50 INDIVIDUAL,
RESIDENTIAL PROPERTIES LOCATED GENERALLY IN THE COVE, SPECIFICALLY
IDENTIFIED IN THE AGREEMENT WITH COACRELLA VALLEY LAND. NEGOTIATOR:
BYRON RADAKKER. INSTRUCTING THE NEGOTIATOR CONCERNING PRICE, TERMS OF
PAYMENT FOR ACQUISITION OF PROPERTIES PURSUANT TO GOVERNMENT CODE SECTION
54956.8.
2. CONFERENCE WITH REAL PROPERTY NEGOTIATOR MR. RANDALL WRIGHT PURSUANT TO
GOVERNMENT CODE SECTION 54956.8 INSTRUCTING THE NEGOTIATOR CONCERNING
CONCEPT, TERMS, SITE PLANNING FOR PROPERTY LOCATED AT THE SOUTHEAST CORNER
OF MILES AVENUE AND WASHINGTON STREET.
ADJOURNMENT
I)ECLARA'I'1ON OF FO?IlNG
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 iS, 1995 was posted on the outside entry
to the Council Chamber, 78-495 Calle Tampico and on the bulletin board at the La Quinta Chamber of
Co erce on Friday, July 14, 1995.
La Quinta Redevelopment Agency
Z00000
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10/*1 2< 0%
AGENDA CATEGORY:
C?oF BUSINESS SESSION:
COUNCIL/RDA MEETING DATE: July 18,1995 CONSENT CALENDAR:
ITEM TIThE: STUDY SESSION:
Consideration of Adopting Resolution PUBLIC HEARING:
approving the Fiscal Year 1995-96
Redevelopment Agency Budget
RECOMMENDATION:
Adopt Resolution approving Fiscal Year 1995-96's Proposed Redevelopment Agency Budget and
receive and file the Five Year Resource Allocation Plan.
FISCAL IMPLICATIONS:
All Fiscal Year 1995-96 revenues, operational appropriations and capital project funding are included
in the Proposed Fiscal Year 1995-96 Budget.
BACKGROUND AND OVERVIEW:
At the June 22nd Special Council Meeting, Council provided staff direction regarding the Preliminary
1995-96 Budget.
1. A Summary of the increases and decreases> since that meeting by Fund are as follows:
General Fund $ 86,750
Gas Tax 4,400>
RDA Capital Project #1 7,250
RDA Low/Moderate #1 8,250
RDA Capital Project #2 3,700
RDA Low/Moderate #2 4.200
1 05.750
These Changes are detailed in Attachment 1 & 2.
2. A new schedule, page C-3 of the Budget Document entitled FY 1994/95 Reserve and Designation
Summary has been prepared that reflects the reserves and designations for the FY 94/95 fund balances.
These reserves and designations reflect the anticipated use of these fund balances for future purposes.
Within this schedule is a column entitled Reserved for Continuing Appropriations $4,800 and
Encumbrances of $151,185 for a total of $155,985.
OOOOO
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10/*1 NOTEXTPAGE
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10/*1 NOTEXTPAGE
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10/*1 NOTEXTPAGE
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10/*1 NOTEXTPAGE
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10/* 1 NOTEXTPAGE
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10/*!1 NOTEXTPAGE
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10/*1 AGENDA CATEGORY:
BUSINESS SBSSION
COUNCIliRDA MEETING DATE: JULY 18,1995 CONSENT CALENDAR I
ITEM TITLE: STUDY SESSION
PUBLIC HEAR[NG
Demand Register Dated July 18, 1995
RECOMMENDATION: Approve Demand Register Dated July 18, 1995
gAC.KGROUND:
Prepaid Warrants:
CITY DEMANDS $525,284.6]
22u88-22 126 $66,349.28
22] 27-22128 2,8C'O.08
PIR 12068-12129 73,746.35
PIR Tax Transfers? 18,933.74
Pay?Ie Warrants: RDA DEMANDS 224,687.23
22]29 22220 588,142.39 RDA-WILLIAMS 0.00
$749,971.84 $749,971.84
I'ISCAL jMPLICATJO?NS:
Demand of Cash RDA $224,687.23
oOoo1?
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10/*"1 NOTEXTPAGE
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10/*#1 NOTEXTPAGE
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10/*$1 NOTEXTPAGE
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10/*%1 NOTEXTPAGE
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10/*&1 NOTEXTPAGE
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10/*(1 NOTEXTPAGE
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10/*)1 NOTEXTPAGE
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10/**1 NOTEXTPAGE
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10/*+1 NOTEXTPAGE
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10/*,1 NOTEXTPAGE
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10/*-1 NOTEXTPAGE
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10/*.1 NOTEXTPAGE
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10/*/1 NOTEXTPAGE
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10/*01 NOTEXTPAGE
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10/*11 NOTEXTPAGE
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10(1 NOTEXTPAGE
BIB]
04-28-1999-U01
11:18:45AM-U01
ADMIN-U01
RDA-U02
07-U02
19-U02
1994-U02
ing -> 10(1 NOTEXTPAGE
BIB]
04-28-1999-U01
11:18:45AM-U01
ADMIN-U01
RDA-U02
07-U02
19-U02
1994-U02
ing -> 10(1 NOTEXTPAGE
BIB]
04-28-1999-U01
11:18:45AM-U01
ADMIN-U01
RDA-U02
07-U02
19-U02
1994-U02
ing -> 10(1 NOTEXTPAGE
BIB]
04-28-1999-U01
11:18:45AM-U01
ADMIN-U01
RDA-U02
07-U02
19-U02
1994-U02
ing -> 10(1 NOTEXTPAGE
BIB]
04-28-1999-U01
11:18:45AM-U01
ADMIN-U01
RDA-U02
07-U02
19-U02
1994-U02
ing -> 10(1 NOTEXTPAGE
BIB]
04-28-1999-U01
11:18:45AM-U01
ADMIN-U01
RDA-U02
07-U02
19-U02
1994-U02
ing -> 10(1 NOTEXTPAGE
BIB]
04-28-1999-U01
11:18:45AM-U01
ADMIN-U01
RDA-U02
07-U02
19-U02
1994-U02
ing -> 10(1 NOTEXTPAGE
BIB]
04-28-1999-U01
11:18:45AM-U01
ADMIN-U01
RDA-U02
07-U02
19-U02
1994-U02
ing -> 10(
1 NOTEXTPAGE
BIB]
04-28-1999-U01
11:18:45AM-U01
ADMIN-U01
RDA-U02
07-U02
19-U02
1994-U02
ing -> 10(1 NOTEXTPAGE
BIB]
04-28-1999-U01
11:18:45AM-U01
ADMIN-U01
RDA-U02
07-U02
19-U02
1994-U02
ing -> 10(1 NOTEXTPAGE
BIB]
04-28-1999-U01
11:18:45AM-U01
ADMIN-U01
RDA-U02
07-U02
19-U02
1994-U02
ing -> 10(1 NOTEXTPAGE
BIB]
04-28-1999-U01
11:18:45AM-U01
ADMIN-U01
RDA-U02
07-U02
19-U02
1994-U02
ing -> 10(1 NOTEXTPAGE
BIB]
04-28-1999-U01
11:18:45AM-U01
ADMIN-U01
RDA-U02
07-U02
19-U02
1994-U02
ing -> 10/*'1 & 0
4
AGENDA CATEGORY:
BUSINESS SESSION:
COUNCILIRDA MEETING DATE: July 18, 1995 CONSENT CALENDAR:
ITEM TIThE: Resolution of the La Quinta Redevelopment Agency STUDY SESSION:
approving an Amendment to the Boys and Girls Club-Building PUBLIC HEARING:
Horizons Disposition and Development Agreement DDA) by and
between the Boys and Girls Club-Building Horizons and the La
Quinta Redevelopment Agency
RECOMMENDATION:
Adopt Agency resolution approving and authorizing the execution of the amendment.
FISCAL IMPLICATIONS:
The Second Trust Deed loan increases from $12,000 to $20,000. This is an additional commitment of $8,000
for each of the two units from the Low-Mod Housing Fund for Project Area #1. Therefore, an allocation of
an additional $16,000 for the Building Horizons I)DA from the Low-Mod Housing Fund for Project Area #1 is
requested.
BACKGROUND AND OVERVIEW:
The Agency received a request from Building Horizons, Inc. to amend the DDA. The Amendment, if adopted,
should result in a successful marketing and sale of the two units to moderate income homebuyers.
The amendment, as drafted, provides the following:
1. It reduces the down payment from 10% to 3%;
2. Increases the Agency's funding for the Second Trust Deed loan from $12,000 to $20,000 per unit;
3. Allows flexibility for the billing of expenses to be reimbursed, provided the total allocation for
reimbursement does not exceed $85,000 per unit.
FINDINGS AND ALTERNATIVES:
Options available to the Agency are:
1. Approve the request as presented;
2. Amend the request by adding or changing the request;
3. Deny the request.
BIB]
06-09-1999-U01
01:49:00PM-U01
ADMIN-U01
RDA-U02
07-U02
18-U02
1995-U02
ing -> 10(1 NOTEXTPAGE
BIB]
04-28-1999-U01
11:18:45AM-U01
ADMIN-U01
RDA-U02
07-U02
19-U02
1994-U02
ing -> 10(1 NOTEXTPAGE
BIB]
04-28-1999-U01
11:18:45AM-U01
ADMIN-U01
RDA-U02
07-U02
19-U02
1994-U02
ing -> 10(1 NOTEXTPAGE
BIB]
04-28-1999-U01
11:18:45AM-U01
ADMIN-U01
RDA-U02
07-U02
19-U02
1994-U02
ing -> 10(1 NOTEXTPAGE
BIB]
04-28-1999-U01
11:18:45AM-U01
ADMIN-U01
RDA-U02
07-U02
19-U02
1994-U02
ing -> 10(1 NOTEXTPAGE
BIB]
04-28-1999-U01
11:18:45AM-U01
ADMIN-U01
RDA-U02
07-U02
19-U02
1994-U02
ing -> 10(1 NOTEXTPAGE
BIB]
04-28-1999-U01
11:18:45AM-U01
ADMIN-U01
RDA-U02
07-U02
19-U02
1994-U02
ing -> 10(1 NOTEXTPAGE
BIB]
04-28-1999-U01
11:18:45AM-U01
ADMIN-U01
RDA-U02
07-U02
19-U02
1994-U02
ing -> 10(1 NOTEXTPAGE
BIB]
04-28-1999-U01
11:18:45AM-U01
ADMIN-U01
RDA-U02
07-U02
19-U02
1994-U02
ing -> 10(1 NOTEXTPAGE
BIB]
04-28-1999-U01
11:18:45AM-U01
ADMIN-U01
RDA-U02
07-U02
19-U02
1994-U02
ing -> 10(1 NOTEXTPAGE
BIB]
04-28-1999-U01
11:18:45AM-U01
ADMIN-U01
RDA-U02
07-U02
19-U02
1994-U02