1996 12 17 RDAing -> 108Bp
Redevelopment Agency
Agenda
CITY COUNCIL CHAMBER
78-495 CalIe Tampico
La Quinta, California 92253
Regular Meeting
December 17, 1996 3:00 P.M.
CALL TO ORDER
a. Roll Call Beginning Res. No.96-10
PUBLIC COMMENT
This is the time set aside for public comment on any matter not scheduled for a public hearing. Rease
complete a request to speak" form and limit your comments to three minutes.
Rease watch the timing device on the podium.
CONFIRMATION OF AGENDA
APPROVAL OF MINUTES
a. Approval of Minutes of December 3, 1996
BUSINESS SESSION
1. CONSIDERATION OF ALLOCATING ADDITIONAL FUNDS FOR THE COMPLETION OF THE
WILLIAMS 4TH IMPLEMENTATION AGREEMENT.
A) MINUTE ORDER ACTION.
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Note: Consent Calendar items are considered to be routine in nature and will be approved by one
motion.
1. APPROVAL OF DEMAND REGISTER DATED DECEMBER 17,1996.
2. TRANSMITTAL OF TREASURY REPORT DATED OCTOBER 31, 1996.
3. ACCEPTANCE OF ANNUAL DISCLOSURE FOR THE LA QUINTA REDEVELOPMENT AGENCY
1995 HOUSING TAX ALLOCATION BONDS FOR FISCAL YEAR ENDING JUNE 30, 1996.
DEPARTMENT REPORTS
1 TRANSMITTAL OF REVENUE & EXPENDITURES REPORT DATED OCTOBER 31, 1996.
CHAIR AND BOARD MEMBERS' ITEMS
PUBLIC HEARINGS None
CLOSED SESSION None
ADJOURNMENT
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I, Saundra L. Juhola, Secretary of the La Quinta Redevelopment Agency, do hereby declare that the
foregoing agenda for the Redevelopment Agency meeting of December 17, 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 at Albertson's, 78-630 Highway 111, on Friday, December 13,
1996
December13 1996
JUHO 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.
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AGENDA CATEG()RY:
BUSINESS SESSION:
COUNCILIRDA MEETING DATE: December 17, 1996 CONSENT CALENDAR:
ITEM TITLE:
STUDY SESSION:
Consideration of allocating additional funds for the PUBLIC HEARING:
completion of the Williams 4th Implementation Agreement
RECOMMENDATION:
Staff Will reagendize this item for January 7, 1997
FISCAL IMPLICATIONS:
None
BACKGROUND AND OVERVIEW:
Staff is still analyzing the dollar amount needed to complete the improvements for the housing and
elementary school projects. The information will be available for the January 7, 1996 Agency Board
meeting.
FINDINGS AND ALTERNATI'VES
The options available to the Agency are as follows:
Not applicable.
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OF
AGENDA CATEGORY:
BUSINESS SESSION
COUNCIL/RDA NILElING DX1E. DLCFMBER 17, 1996
CONSENTCALENDAR
ITEM TITLE:
STUDY SESSION
Deiiiand Register D?ted Deceniber I 7, 1996 PUBLIC HEARING
RECOMNIENDATION: Appro\e Demand Register Dated December 17, 1996
BACKGROUND.
Prepaid Warrants:
27380 27398? 220,233.84
27399-27432: 2,673.75
27433 27435: 490.00
74?6 7440: 4,238.97
RR 14902-14982: 91,358.28
RR Tax Tran?fers: 23,153.22 CITY DEMANDS $730,261.30
Payable Warrant?:
27441 27556? 588,101.21 RDA DEMANDS 199,987.97
$930,249.27 $930,249.27
FISCAL IMPLICATIONS:
Demand of Cash RDA $199,987.97
ohi M. Falconer, Finance Director
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BUSINESS SESSION:
COUNCILIRDA MEETING DATE:
December 17, 1996 CONSENT CALENDAR:
ITEM TIThE: STUDY SESSION:
PUBLIC HBARING:
Transmittal of Treasurer's Report
as of October31, 1996
RECOMMENDATION:
Receive and file.
BACKGROUND AND OVERVIEW:
Transmittal of Treasurer's Report dated October 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.
4/U
Joh M. Falconer, Fi ance Director
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AGENDA CATEGORY:
BUSINESS SESSION:
COUNCILIRDA MEETING DATE: December 17, 1996 CONSENT CALENDAR:
ITEM TITLE: STUDY SESSTON:
PUBLIC HEARING:
Acceptance of Annual Continuing Disclosure
for the La Quinta Redevelopment Agency
1 995 Housing Tax Allocation Bonds for Fiscal
Year End June 30, 1996
RECOMMENDATION:
Receive and File.
FISCAL IMPLICATIONS: None
BACKGROUND AND OVERVIEW:
On November 1 0, 1 994, the Securities and Exchange Commission adopted
amendments to existing federal regulations Rule 1 5c2-1 2) that for bonds issued
after July 3, 1 995, for each issue of municipal securities Bond issues) sold after
that date, issuers are annually required to do each of the following:
1. Prepare official statements meeting the content requirement of Rule
1 5c2-1 2.
2. File certain financial information and operating data with national and
state repositories each year.
3. Prepare announcements of the significant events including payment
defaults, defeasances and draws on a reserve fund) as the events
occur.
Therefore, attached is the 1 995/96 Annual Continuing Disclosure Statement for the
La Quinta Redevelopment Agency 1 995 Housing Tax Allocation Bonds prepared in
accordance with the three aforementioned requirements. Section III Item A Audited
Financial Statements may be found as Business Item Number 9. Additionally, no
announcement of significant events were incurred for Fiscal Year 1 995/96.
FINDINGS AND ALTERNATIVES: None
ohn M. OOOC5?
Falconer, Finance Director
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AGENDA CATEGORY:
BUSINESS SESSION:
COUNCILIRDA MEETING DATE: December 17, 1996 CONSENT CALENDAR:
ITEM TITLE: STUDY SESSION:
PUBLIC HEARING:
Transmittal of Revenue and pert ar:
Expenditures Report dated
October31, 1996
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
Transmittal of the October 31, 1996 Statement of Revenue and Expenditures for
the La Quinta Redevelopment Agency.
Ii
J hn M Falcon r, Finance Director
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