Loading...
1996 07 22 RDAing -> 105WC * Redevelopment Agency Agenda CITY COUNCIL CHAMBER 78-495 CaIle Tampico La Quinta, California 92253 Adjourned Regular Meeting July 22, 1996 3:00 P.M. CALL TO ORDER a. Roll Call Beginning Res. No. 96?5 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. Please watch the timing device on the podium. CONFIRMATION OF AGENDA APPROVAL OF MINUTES a. Approval of Minutes of July 2 & July 16, 1996. BUSINESS SESSION 1. CONSIDERATION OF ADOPTION OF RESOLUTION APPROVING THE FISCAL YEAR 1996/97 BUDGET. RESOLUTION ACTION. Ou?1 BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105W2. CONSIDERATION OF REQUEST OF THE BOYS AND GIRLS CLUB BUILDING HORIZONS, TO AMEND THE DISPOSITION AND DEVELOPMENT AGREEMENT. A) MINUTE ORDER ACTION. 3. CONSIDERATION OF RECOMMENDATION BY THE SELECTION COMMITTEE TO ENTER INTO NEGOTIATIONS FOR A CONTRACT WITH CATELLUS RESIDENTIAL GROUP FOR THE DEVELOPMENT OF AN AGENCY HOUSING PROJECT AT THE CORNER OF 48TH AVENUE AND JEFFERSON STREET. A) MINUTE ORDER ACTION. 4. CONSIDERATION OF RECOMMENDATION BY THE SELECTION COMMITTEE TO ENTER INTO NEGOTIATIONS FOR A CONTRACT WITH LA QUINTA REAL ESTATE, MR. RUPERT YESSAYIAN, FOR PROPERTY MANAGEMENT AND REAL ESTATE SERVICES FOR 50 SINGLE FAMILY RENTAL UNITS OWNED BY THE REDEVELOPMENT AGENCY. A) MINUTE ORDER ACTION. CONSENT CALENDAR Note: Consent Calendar items are considered to be routine in nature and will be approved by one motion. 1. APPROVAL OF DEMAND REGISTER DATED JULY 22, 1996. 2. TRANSMITTAL OF TREASURY REPORT DATED MAY 31,1996. 3. ACCEPTANCE OF ASSESSMENTISEWER HOOK-UP FEE SUBSIDY PROGRAM PROJECT 96-07 AND AUTHORIZATION FOR CITY CLERK TO FILE NOTICE OF COMPLETION. 4. APPROVAL OF CONTRACT SERVICES AGREEMENT WITH THE LA QUINTA ARTS FOUNDATION FOR FISCAL YEAR 1996/97. DEPARTMENT REPORTS 1. TRANSMITTAL OF REVENUE AND EXPENDITURES REPORT DATED MAY 31, 1996. CHAIR AND BOARD MEMBERS' ITEMS Page 2 BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105WPUBLIC HEARINGS None CLOSEOSESSION NOTE: PERSONS IDENTIFIED AS NEGOTIATING PARTIES WHERE THE CITY IS CONSIDERING ACQUISITION OF THEIR PROPERTY ARE NOT INVITED INTO THE CLOSED SESSION MEETING. 1. CONFERENCE WITH AGENCY'S REAL PROPERTY NEGOTIATOR PURSUANT TO GOVERNMENT CODE SECTION 54956.8 CONCERNING AN AMENDMENT TO THE DISPOSITION AND DEVELOPMENT AGREEMENT WITH WILLIAMS DEVELOPMENT CORPORATION THAT WOULD AFFECT THE TERMS OF PAYMENT FOR THE PROPERTY LOCATED ON CALLE TAMPICO WEST OF WASHINGTON STREET. PROPERTY OWNERINEGOTIATOR: BETTY WILLIAMS. ADJOURNMENT DECLARATION OF POSTING I, Saundra L. Juhola, City Clerk of the City of La Quinta, California, do hereby declare that the foregoing agenda for the Adjourned Redevelopment Agency meeting of July 22, 1996 was posted on the outside entry to the Council Chamber, 78-495 CaIle Tampico and on the bulletin board at the La Quinta Chamber of Commerce on Friday, July 1 9, 1996. AUNDRA L. JU LA, Secretary La Quinta Redevelopment Agency PUBLICNOTICE The La Quinta City Council chamber S 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] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105W AGENDA CATEGORY: BUSINESS SESSION: COUNCILIRDA MEETING DATE: July 22,1996 CONSENT CALENDAR: ITEM TITLE: STUDY SESSION: PUBLIC HEARING: Consideration of Adopting Resolution approving the Fiscal Year 1996-97 La Quinta Redevelopment Agency Budget RECOMMENDATION: Adopt Resolution approving Fiscal Year 1996-97's Proposed Redevelopment Agency Budget and receive and file the Five Year Resource Allocation Plan. FISCAL IMPLICATIONS: All Fiscal Year 1996-97 revenues, operational appropriations and capital project funding are included in the Proposed Fiscal Year 1996-97 City of La Quinta Budget. BACKGROUND AND OVERVIEW: See City Council Staff Report. Thomas P. Genovese, Executive Director 0u4 BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105,W NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105-W NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105.W NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105WU AGENDA CATEGORY: BUSINESS SESSION: COUNC1L?DA MEETING DATE: July 22, 1996 CONSENT CALENDAR: ITEM TITLE: STUDY SESSION: PUBLIC HEARING: Consideration of a request by the Boys and Girls Club-Building Horizons to amend the Disposition and Development Agreement RECOMMENDATION: Approve the modifications that would provide for four-bedroom units, a sales price increase to $11 5,000 and the substitution of a low income household for the moderate income household, and authorize Agency legal counsel to so modify the 1 996-97 Affordable Housing Agreement. FISCAL IMPLICATIONS: The program outlined in the existing agreement will require an expenditure of up to $210,000; however, up to $150,000 of this amount would be repaid to the Agency at the close of escrow when the two single-family dwellings are sold. If the staff recommended modifications are approved by the Agency Board, $11 0,000 would be repaid to the Agency as opposed to $150,000. The source of the funds necessary to underwrite this Agreement is the Agency's Project No.1 Low and Moderate Income Housing Fund. BACKGROUND AND OVERVIEW: On June 4, 1 996, the Agency Board approved the 1 996-97 Affordable Housing Agreement involving the Agency and the Building Horizons Program that will facilitate the construction and sale of two single-family homes affordable to low or moderate income households. The Building Horizons Program is sponsored by the Boys and Girls Club of Coachella Valley and provides residential dwelling design and construction training for high school students. The Agency entered into similar agreements in both 1 994 and 1 995 which resulted in the construction of four single-family dwellings in the Cove; two of the dwellings have been sold to low and moderate income families, and Building Horizons is actively marketing the remaining two dwellings. The 1 996-97 Affordable Housing Agreement provides that the Agency will loan up to $210,000 to Building Horizons to fund property acquisition and dwelling construction CCJH006 Ou3 BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105/W NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 1050W NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105W OFT?? AGENDA CATEGORY: BUSINESS SESSION: COUNCILIRDA MEETING DATE: July 22, 1996 CONSENT CALENDAR: ITEM TITLE: Consideration of a recommendation by the Selection STUDY SESSION: Committee to enter into negotiations for a contract with PUBLIC HEARING: Catellus Residential Group for the development of an Agency housing project at the corner of 48th Avenue and Jefferson Street RECOMMENDATION: Approve the recommendation to enter into contract negotiations with Catellus Residential Group, authorize the Agency Chair to sign the contract, and instruct staff to appropriate the necessary funds. 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 ensure affordable housing costs. Said assistance would be a combination of land and on- and off-site infrastructure improvement subsidies which have been, or will be, funded from the Project No.2 Housing Fund. BACKGROUND AND OVERVIEW: On April 16,1996, the Agency Board authorized the circulation of a Request for Qualifications RFQ) to residential developers and the formation of an Agency Selection Committee. The RFQ itemized housing opportunities in La Quinta, and delineated the Agency's desire to accommodate the construction of a mixed-use development that features affordable single-family dwellings on a 40-acre Agency-owned parcel located at the northwest corner of 48th Avenue and Jefferson Street Subject Site"). The California Community Redevelopment Law mandates that the Agency proactively seek the development of affordable housing, that feature covenants to ensure their continued affordability for 30 years; current projections indicate that by the year 2004, the Agency must endeavor to facilitate construction of a projected 1,371 units that will remain affordable to very low, low, and moderate income households. The Subject Site was purchased in 1991 to accommodate residential development that would partially fulfill this need. CCJII.007 Ull BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 1051W NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 1052W NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105W AGENDA CATEGORY: BUSINESS SESSION: COUNCILIRDA MEETING DATE: July 22, 1996 CONSENT CALENDAR: ITEM TITLE: Consideration of a recommendation by the Selection STUDY SESSION: Committee to enter into negotiations for a contract PUBLIC HEARING: with La Quinta Real Estate, Mr. Rupert Yessayian, for property management and real estate sales services for 50 single family rental units owned by the Redevelopment Agency RECOMMENDATION: Approve the recommendation and authorize staff to enter into negotiations for the management and possible sale of the 50 single family units owned by the Redevelopment Agency. FISCAL IMPLICATIONS: None at this time. The La Quinta Housing Program currently pays a fee for property management services under the current management arrangement. This cost may be the same or less if a Property Management Agreement is implemented with La Quinta Real Estate. These expenses are funded from Program rent receipts. BACKGROUND AND OVERVIEW: On April 1 6, 1 996, the Agency Board authorized the circulation of a Request for Proposals RFP) to local real estate companies and the formation of a Selection Committee. The RFP outlined the Agency's desire to seek proposals for property management and real estate services related to the maintenance, management, and selective sale of the 50 single family dwellings that constitute the La Quinta Housing Program. The Agency purchased these homes in 1 995 and has continued to rent them to very low income Section 8 Certificate households. The RFP was distributed to 1 0 companies and individuals that specialize in real estate and property management services; three 3) proposals were received from the following firms: 1. California Management Consultants of North Shore, California 2. La Quinta Properties of La Quinta, California 3. La Quinta Real Estate of La Quinta, California 0i4 CCJH.OO5 BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 1053W NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105WSifi AGENDA CATEGORY BUSINESS SESSION COUNCILIRDA NIEETING DATE: JULY 22, 1996 CONSENT CALENDAR ITEM TITLE: STUDY SESSION Deniand Register Dated July 22, 1996 PUBLIC HEARfNG RECOMMENDATION: Approve Demand Register Dated July22, 1996 BACKGROUND. Prepaid Warrants 25718 50,278.97 25729 25773 72,004.72 25774 25775? 259.22 25776?? 900.00 25777 25790,? 72,369.02 25791 29,340.00 PIR l4075-l4l46? 69,962.37 PIR l4l47-l4224? 76,562.91 PIR Tax Transfers? 42,794.78 CITY DEMANDS $870,230.81 Payable Warrants. 25792 25897t? 560,049.62 RDA DEMANDS 104,290.80 $974,521.61 $974,521.61 FISCAL IMPLICATIONS: Demand of Cash RDA $104,290.80 u1&J BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 1054W NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 1055W NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 1056W NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 1057W NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 1058W NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 1059W NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105:W NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105;W NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105<W NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105=W NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105>W NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105?W NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105@W NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105AW NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105BW NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105CW NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105DW NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105EW NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105FW NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105GW NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105HW NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105IW NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105JW NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105LW NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105MW NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105NW NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105OW NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105PW NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105QW NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105TW NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105VW NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105WW NOTEXTPAGE BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 d_#6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_# 6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_# 6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#!6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#"6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_##6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 ing -> 105KW 1?ItII,?F,IIi1?IljIliJfAA OF AGENDA CATEGORY: BUSINESS SESSION: COUNCILIRDA MEETING DATE: July 22, 1996 CONSENT CALENDAR: ITEM TITLE: STUDY SESSION: PUBLIC HEARING: Transmittal of Treasurer's Report as of May 31,1996 RECOMMENDATION: Receive and file. BACKGROUND AND OVERVIEW: Transmittal of Treasurer's Report dated May 31, 1996 for the La Quinta Redevelopment Agency. FINDINGS AND ALTERNATIVES: I certify that this report accurately reflects all pooled investments and is in compliance with California Government Code Section 53645 as amended 1/1/86; and is in conformity with City Code 3.08.010 to 3.08.070 Investment of Money and Funds I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet next month's estimated expenditures. A 6 Jo n M. Falconer, inance Director o?5 BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 d_#$6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#%6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#&6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#(6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#)6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#*6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 ing -> 105RW AGENDA CATEGORY: OF BUSINESS SESSION: COUNCILJRDA MEETING DATE: July 22, 1996 CONSENT CALENDAR: ITEM TIThE: STUDY SESSION: Acceptance of Assessment/Sewer Hook-Up Fee Subsidy PUBLIC HEARING: Program Project 96-07 and Authorization for City Clerk to Record Notice of Completion RECOMMENDATION: Accept Project 96-07 and instruct the City Clerk to file a Notice of Completion with the County Recorder. FISCAL IMPLICATIONS: None. BACKGROUND AND OVERVIEW: All work for Project 96-07 Low Mod Sewer Hook Up) has been completed in accordance with the specifications. FINDINGS AND ALTERNATIVES: All work has been completed to specifications, there is no alternative but to accept the project. I Tom Hartung Director of Building & Safety C?6?2 BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 ing -> 105SW z AGENDA CATEGORY: BUSINESS SESSION: COIJNCIL?DA MEETING DATE: July 22, 1996 CONSENT CALENDAR: ITEM TITLE: Consideration of Contract Services STUDY SESSION: Agreement with the La Quinta Arts Foundation for Fiscal Year 1 996-97 PUBLIC HEARING: RECOMMENDATION: Approve the Contract Services Agreement with the La Quinta Arts Foundation for Fiscal Year 1 996-97. FISCAL IMPLICATIONS: The La Quinta Arts Foundation(LOAF) contract requires the payment of $75,000 to the LQAF. The contract would be funded from the following accounts: 101-103-605-538 Economic Development $37,500) 405-902-605-538 RDA No.1 Capital Projects $25,500) 405-905-605-538 RDA No.2 Capital Projects $12,000) BACKGROUND AND OVERVIEW: The LOAF is a non-profit organization which produces the nationally acclaimed La Cluinta Arts Festival as well as other art events in the City. The LOAF has requested $75,000 to assist with the implementation of a variety of programs and events Attachment No. 1). Additional background information e.g. 1995/96 event and program statistics and budgets, and a description of LQAF programs) is included within Attachment No.1. The LOAF also supplied approximately 70-80 pages of newspaper clippings, etc. about the LOAF and its activities. These materials are available for viewing in the City Clerk's Office. At their June 20, 1 996 Special City Council meeting, the Council directed staff to include $75,000 in the preliminary Fiscal Year 1 996-97 budget for LOAF funding. The proposed 1 996/97 Contract Services Agreement Attachment No.2) has been prepared by the LOAF. The scope of services for the contract requires the LOAF to provide those services related to the promotion and implementation of a three-day BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 d_#+6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 ing -> 105UW AGENDA CATEGORY: BUSINESS SESSION: COUNCILIRDA MEETING DATE: July 22, 1996 CONSENT CALENDAR: ITEM TITLE: STUDY SESSION: PUBLIC HEARING: Transmittal of Revenue and Expenditures Report dated May31, 1996 RECOMMENDATION: Receive and File BACKGROUND AND OVERVIEW: Transmittal of the May 31, 1996 Statement of Revenue and Expenditures for the La Quinta Redevelopment Agency. J n M. Falconer, Finance Director BIB] 07-12-1999-U01 11:09:37AM-U01 ADMIN-U01 RDA-U02 07-U02 22-U02 1996-U02 d_#,6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02 d_#-6 NOTEXTPAGE BIB] 04-09-1999-U01 03:13:47PM-U01 ADMIN-U01 RDA-U02 07-U02 26-U02 1993-U02