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1996 04 02 RDAing -> 103DOF Redevelopment Agency Agenda CITY COUNCIL CHAMBER 78-495 CalIe Tampico La Quinta, California 92253 Regular Meeting April 2, 1996 3:00 PM. CALL TO ORDER a. Roll Call Beginning Res. No.96-03 CONFIRMATION OF AGENDA APPROVAL OF MINUTES a. Approval of Minutes of March 19, 1996. PUBLIC COMMENT This is the time set aside for public comment on any matter not scheduled for a public hearing. Please complete a request to speak" form and limit your comments to three minutes. BUSINESS SESSION 1. CONSIDERATION OF AUTHORIZATION TO DISTRIBUTE A REQUEST FOR QUALIFICATIONS FOR THE DEVELOPMENT OF AFFORDABLE HOUSING AT THE CORNER OF 48TH AVENUE AND JEFFERSON STREET. A) MINUTE ORDER ACTION. 000001 BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103DCONSENT CALENDAR 1. APPROVAL OF DEMAND REGISTER DATED APRIL 2, 996. 2. APPROVAL OF SELECTION OF BROKER/DEALERS FOR THE CITY OF LA QUINTA LISTING OF FINANCIAL INSTITUTIONS. 3. ADOPTION OF RESOLUTION AUTHORIZING THE EXPENDITURE OF AGENCY'S LOW AND MODERATE FUNDS FOR CERTAIN PUBLIC IMPROVEMENTS NECESSARY TO DEVELOP THE AGENCY'S PROPERTY INTO AN AFFORDABLE HOUSING PROJECT. DEPARTMENT REPORTS CHAIR AND BOARD MEMBERS' ITEMS PUBLIC HEARINGS None CLOSED SESSION None ADJOURNMENT 000(3)02 BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D DECLARATION OF 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 April 2, 1996 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 Commerce, and Albertsons on Friday, March 29,1996. D?d:Marnh 29, 1996 NDRA?A.secretary La Quinta Redevelopment Agency PUBLIC NOTICE The La Quinta City Council Chamber is handicapped accessible. If special equipment is needed for the hearing impaired, please call the City Clerk's Office at 777-7025, 24-hours in advance of the meeting and accommodations will be made. Page 3 BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D L-,,? 0 O?G::2.?;D?3?MEETING AGENDA CATEGORY: BUSINESS SESSION: DATE: April 2,1996 CONSENT CALENDAR: ITEM TIThE: STUDY SESSION: Consideration of a Request for Qualifications to be circulated to qualified PUBLIC REARING: developers pertaining to the development of Agency.owned property located at the northwest corner of 48th Avenue and Jefferson Street and appointment of the Selection Committee RECaMMENDATION: Approve the attached Request for Qualifications and authorize circulation to qualified developers. Appoint a selection committee comprised of staff, Redevelopment consultant members, and two Agency Board Members if deemed appropriate. FISCAL IMPLICATIONS: None at this time; however, subsequent development of affordable housing units may require up to $4.0 million in Agency financial assistance to insure affordable housing costs. Said assistance would be a combination of land and on and off-site infrastructure improvement subsidies which has been or would be funded from the Project No.2 Housing Fund. BACKGROUND AND OVERVIEW: The California Community Redevelopment Law mandates that the Agency proactively facilitate the development of affordable housing in both Project Areas No.1 and No.2. Further, State Planning Law mandates that the City of La Quinta facilitate the development of affordable housing to insure a balanced socioeconomic community profile. The Agency's Housing Affordability Compliance Plan, adopted on December 6, 1994, and the City's Housing Element, adopted June 20, 1995, further delineate these mandates. Pursuant to the Housing Compliance Plan, the Agency must endeavor to facilitate the construction of a projected 1,371 dwellings that will remain affordable to very low, low, and moderate income households by 2004. Further, these units must feature covenants that will insure their continued affordability for 30 years. In an attempt to achieve these mandates, the Agency, since 1991, has purchased various properties throughout the City that could be used for affordable housing development. To date, the Agency has acquired 144 acres of property involving three separate parcels of 39 acres or greater in size. When the property acquisition activities were authorized by the Agency Board, the Board directed staff to seek the subsequent development of these properties through either a request for qualifications or a request for development proposals process. Approval and circulation of the attached Request for Qualifications would initiate this process for one of the Agency.owned properties. Subiect Site. The subject site is an approximately 40-acre parcel, located northwest of the intersection of 48th Avenue and Jefferson Street. The site is currently zoned for single.family detached development at a density not to exceed cv', I BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103 D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D 0 oY? AGENDA CATEGORY. BUSINESS SESSION COUNCILIRDA MEETING DATE: APRIL 2, 1996 CONSENT CALENDAR ITEM TITLE: STUDY SESSION Demaud Register Dated April 2, 1996 PUBLIC REMUNG RECOMMENDATION: Approve Demand Register Dated April 2, 1996 BACK.; GROUND: Prepaid Warrants: 24646 24652? 4,620.64 24653 24657 20,608.50 24658 24669 30,425.83 Wire Transfers 246,616.75 P,'R l3385-l3463? 72,704.64 P/R Tax Transfers) 22,461.51 CITY DEMANDS $551,?38.73 Payable Warrants: 24670 24792) 210,251.66 RDA DEMANDS 56,550.80 607,689.53 $607,689.53 FISCAL IMPLICATIONS: Demand of Cash RDA $56,550.80 k,? Jo n lv'. Falconer, Finance Director BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103 D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103!D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103"D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103#D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103$D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103%D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103&D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103'D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103(D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103)D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103*D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103+D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103,D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103-D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103.D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103/D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 1030D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 1031D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 1032D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 1033D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 1034D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 1035D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 1036D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 1037D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 1038D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 1039D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103:D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103;D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103<D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103=D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103>D 7 4OF?? AGENDA CATEGORY: BUSINESS SESSION: COUNCILIRDA MEETING DATE: April 2, 1996 CONSENT CALENDAR: z ITEM TIThE: STUDY SESSION: Consideration of Selection of Broker/Dealer PUBLIC HEARING: for La Quinta Redevelopment Agency Listing of Financial Institutions RECOMMENDATION: Approve Mr. Ernest Marchowsky of Dean Witter, Newport Beach Attachment No.1) and Mr. Ron Meraz and Mr. Aifredo Sandoval of Merrill Lynch Pierce Fenner & Smith, Inc. of Indian Wells Attachment No.2) be placed as broker/dealers on the Listing of Financial Institutions for the La Quinta Redevelopment Agency. See City Council Agenda Business Session Item No.4 for background information. BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103?D 0 AGENDA CATEGORY: 4OF?? BUSINESS SESSION: COUNCILIRDA MEETING DATE: April 2, 1996 CONSENT CALENDAR: ITEM TIThE: STUDY SESSION: Adopt Redevelopment Agency Resolution authorizing an expenditure PUBLIC HEARING: of Agency Low and Moderate funds for certain public improvements necessary to develop the Agency's property into an affordable housing project RECOMMENDATION: I. Adopt Redevelopment Agency Resolution approving and authorizing the expenditure of Low and Moderate income housing funds and make certain findings and authorize the appropriation of $2,760,000 to the City's Capital Improvement Program funds for construction costs necessary to construct certain improvements on Washington Street and Miles Avenue. 2. Authorize the appropriation of $3.1 million to the City's CIP find for construction costs necessary to construct certain improvements on 48th Avenue. FISCAL IMPLICATIONS: This action would authorize the expenditure of $2,765,000 and $3.1 million previously approved for the 48th Avenue improvements in the Disposition and Development Agreement with Desert Sands Unified School District) to fund the design, construction, and administration of these infrastructure improvements. The source of these finds would be the Project No.2 Housing Fund. BACKGROUND AND OVERVIEW: In August of 1995, the Redevelopment Agency purchased a 55-acre parcel Site") located southeast of the intersection of Miles Avenue and Washington Street from Stamco Properties. The Agency's purpose was to reserve the Site for future development of affordable housing units. Tn order to develop this Site, curb, gutter, sidewalk and roadway improvements, involving both Miles Avenue and Washington Street which bound the Site on the north and west sides, respectively) as well as associated intersection improvements, must be constructed. Further, pursuant to the City of La Quinta's development standards, these improvements must be installed either prior to, or in conjunction with, Site development activities. BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103@D NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103AD NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103BD NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103CD NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02 ing -> 103DD NOTEXTPAGE BIB] 07-09-1999-U01 11:05:26AM-U01 ADMIN-U01 RDA-U02 04-U02 02-U02 1996-U02