1997 03 18 RDAw791 w---
1
OF Redevelopment Agency
Agenda
CITY COUNCIL CHAMBER
78-495 CaIle Tampico
La Quinta, California 92253
Regular Meeting
March 18, 1997 3:00 P.M.
CALL TO ORDER
a. Roll Call Beginning Res. No. RA 97-01
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 February 25 & March 4, 1997
BUSINESS SESSION
1. CONSIDERATION OF ADOPTION OF RESOLUTION TERMINATING THE FIRST AMENDED AND
RESTATED AGREEMENT BETWEEN WILLIAMS DEVELOPMENT CORPORATION AND THE LA
QUINTA REDEVELOPMENT AGENCY.
A) RESOLUTION ACTION.
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w791CONSENT 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 MARCH 18, 1997.
2. TRANSMITTAL OF TREASURY REPORT DATED JANUARY 31, 1997.
3. AUTHORIZATION TO SEND OUT A REQUEST FOR PROPOSALS FOR AUDITING SERVICES
AND APPOINT A SELECTION COMMITTEE.
4. APPROVAL OF CONTRACT SERVICES AGREEMENT FOR REDEVELOPMENT HOUSING, AND
ECONOMIC DEVELOPMENT WITH ROSENOW, SPEVACEK GROUP.
DEPARTMENT REPORTS
1. TRANSMITTAL OF REVENUE & EXPENDITURES REPORT DATED JANUARY31, 1997.
CHAIR AND BOARD MEMBERS' ITEMS
PUBLIC HEARINGS None
CLOSED SESSION
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 THE POTENTIAL TERMS AND CONDITIONS OF
ACQUISITION AND/OR DISPOSITION OF REAL PROPERTY LOCATED AT THE NORTHWEST
CORNER OF HIGHWAY 111 AND ADAMS STREET IN THE ONE-ELEVEN LA QUINTA CENTER.
PROPERTY OWNER/NEGOTIATOR: DICK OLIPHANT.
ADJOURNMENT
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w791 DECLARATION OF POSTING
I, Saundra L. Juhola, Secretary ot the La Quinta Redevelopment Agency, do hereby declare that the
foregoing agenda for the Redevelopment Agency meeting of March 18, 1997 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 and at Albertson's, 78-630 Highway 111, on Friday, March 14,
1997.
SAUNDRA L. J OLA, 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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w791 AGENDA CATEGORY:
BUSINESS SESSION: j
COUNCILIRDA MEETING DATE: March 1 8, 1 997
CONSENT CALENDAR:
ITEM TITLE:
Consideration of adoption of Resolution Terminating STUDY SESSION:
the First Restated and Amended Disposition and PUBLIC HEARING:
Development Agreement Between La Quinta
Redevelopment Agency and E.G. Williams
Development Corporation
RECOMMENDATION:
Adopt Agency Resolution terminating the First Restated and Amended Disposition and
Development Agreement Agreement") with E.G. Williams Development Corporation and
authorize the Executive Director to execute the necessary documents to reconvey the
Agency's Deed of Trust and Conditions, Covenants, and Restrictions recorded on those
portions of the project remaining in the ownership of E.G. Williams Development
Corporation. Further, staff recommends that the Agency not take action to seek
reimbursement of the approximately $186,204 of Agency assistance that remains with the
Developer.
FISCAL IMPLICATIONS:
Approximately $186,204 of Agency assistance to the project's single-family component)
is outstanding at this time. Terminating the Agreement would not result in Agency receipt
of these funds. E.G. Williams Development Corporation C'Developer") has indicated, and
staff is in the process of verifying, that approximately $145,000 of cost overruns were
incurred during project development activities; further, approximately $225,000 of
improvements remain to be constructed. If not claimed by the Agency, the $186,204 could
be used for these items.
If the Agreement is not terminated, additional Agency financial assistance may be required
in order to construct and sell the remaining 30 units.
BACKGROUND AND OVERVIEW:
On July 5,1994, the Agency and Developer entered into a Disposition and Development
Agreement DDA") that provided Agency assistance to facilitate the construction of 60
single-family homes, 90 multifamily apartments, and a 5-acre flood control detention basin.
000004
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5'.ffl
OF
AGENDA CATEGORY:
BUSINESS SESSION
COUNCILRDA MEETING DATE: NI ARCH 18, 1997
CONSENT CALENDAR
ITEM TITLE:
STUDY SESSION
Deniand Register Dated March 18, I 997 PUBLIC EAR1NG
RECOMMENDATION: Approve Demand Register Dated March 18, 1997
BACKGROUND:
Prepaid Warrants:
28327 28339? 1,119,159.33
28340 283741 4,621.00
28375 28386? 238,557.80
P,'R 15492-155701 76,962.29
P/R Tax Transfers1 22,527.10 CITY DEMANDS $1,161,888.25
Payable Warran?s:
28387 28521 421,568.90 RDA DEMANDS 721,508.17
$1,883,396.42 $1,883,396.42
FISCAL IMPLICATIONS:
Deniand of Cash RDA $721,508.17
ohn F;;o?netr,Fi;ancjD?rector OOOO?12
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AGENDA CATEGORY:
BUSINESS SESSION:
COUNCILIRDA MEETING DATE:
March 18, 1997 CONSENTCALENDAR:
ITEM TIThE: STUDY SESSION:
PUBLIC HEARING:
Transmittal of Treasurer's Report
as of January 31? 1997
RECOMMENDATION:
Receive and file.
BACKGROUND AND OVERVIEW:
Transmittal of Treasurer?s Report dated January 31, 1997 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.
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AGENDA CATEGORY:
OF BUSINESS SESSION:
COUNCILIRDA MEETING DATE: March 18, 1997 CONSENT CALENDAR:
ITEM TIThE: STUDY SESSION:
Consideration and Authorization PUBLIC HEARING:
to send out a Request for Proposals RFP) for
Auditing Services and appoint a selection
Committee
RECOMMENDATION:
Approve the Request for Proposals for auditing services for the next five fiscal
years, beginning July 1, 1 996 and ending June 30, 2001. Authorize staff to initiate
the selection process to contract for professional services, and appoint two
Council Members to participate in the selection process.
PLEASE SEE BUSWESS SESSION ITEM NO.5, CITY COUNCIL AOENDA
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BUSINESS SESSION:
COUNCILIRDA MEETING DATE..
CONSENT CALENDAR:
4
March 1 8, 1 997
ITEM TITLE:
STUDY SESSION:
Consideration of a Contract Services PUBLIC HEARING:
Agreement for Redevelopment, Housing,
and Economic Development with Rosenow
Spevacek Group, Inc.
RECOMMENDATION:
Authorize the Executive Director to enter into a contract services agreement with the
Rosenow Spevacek Group RSG) for redevelopment, housing and economic
development services.
SEE RELATED CITY COUNCIL CONSENT CALENDAR
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w7901 DEPARTMENT REPORTS:
c:P4%o:;LIR2;iD&.Y3?MEETING
AGENDA CATEGORY:
BUSINESS SESSION:
DATE: March 18, 1997 CONSENT CALENDAR:
ITEM TIThE: STUDY SESSION:
PUBLIC HEARING:
Transmittal of Revenue and
Expenditures Report dated
January31, 1997
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
Transmittal of the January 31, 1 997 Statement of Revenue and Expenditures for
the La Quinta Redeve?opment Agency.
J?hn M. Falconer, Finance Director
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