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1997 06 17 RDAing -> 10;%H Redevelopment Agency Agenda CITY COUNCIL CHAMBER 78-495 CaIle Tampico La Quinta, California 92253 Regular Meeting June 17, 1997 3:00 P.M. CALL TO ORDER a. Roll Call Beginning Res. No. RA 97-02 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 June 3, 1997 BUSINESS SESSION None 000001 BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%HCONSENT 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 JUNE 7, 1997. 2. TRANSMITTAL OF TREASURER'S REPORT DATED APRIL 30, 1997. 3. APPROVAL OF SETTLEMENT AGREEMENTS IN THE 0CM LITIGATION WITH: 1) COLORADO COUNTY OFFICIALS AND EMPLOYEES RETIREMENT ASSOCIATION; 2) ILIFF SCHOOL OF THEOLOGY; 3) COUNTY OF MOBILE, ALABAMA; AND 4) THE CITY OF NEWPORT BEACH. 4. ADOPTION OF RESOLUTION APPROVING THE INVESTMENT POLICY FOR FISCAL YEAR 1997/98. DEPARTMENT REPORTS REVENUE AND EXPENDITURES REPORT DATED APRIL 30, 1997. CHAIR AND BOARD MEMBERS? ITEMS PUBLIC HEARINGS None CLOSED SESSION NOTE: PERSONS IDENTIFIED AS NEGOTIATING PARTIES WHERE THE AGENCY 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 CENTER. PROPERTY OWNERS/NEGOTIATOR: DICK OLIPHANT. 2. 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 SOUTHEAST CORNER OF WASHINGTON STREET AND MILES AVENUE. NEGOTIATOR FOR POTENTIAL ACQUISITION: JOHN SALINERO. ADJOURNMENT Page 2 000002 BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H 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 June 17, 1997 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, June 13, 1997. Da?: June 13, 1997. AL-A AUNDRA L. JUHOLA, 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 000003 BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H 0 34ffl. AGENDA CATEGORY: BUSINESS SESSION COUNCILIRDA MEETING DATE: JUNE 17, 1997 CONSENT CALENDAR TTEM TITLE: STUDY SESSION Demand Register Dated June 7, 1997 PUBLIC HEARING RECOMMENDATION: Approve Demand Register Dated June 17, 1997 BACKGROUND: Prepaid Warrants: 29319- 29325 20,477.06 29326 1,876.00 29327- 29360 2,159.50 29361 750.00 Wire Transfers 136,800.00 P/R 15987 I6068? 92,859.63 PIR Tax Transfers? 23,278.96 CITY DEMANDS $586,592.56 Payable Warrants: 29362 29481 452,409.58 RDA DEMANDS 44,01 8.17 $730,610.73 $730,610.73 FISCAL IMPLICATION$..: Demand of Cash-RDA $144,018.17 WA obn Falconer, Fin nce Director 000004 BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;% H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%H AGENDA CATEGORY. BUSINESS SESSION: COUNCILIRDA MEETING DATE: June 17, 1997 CONSENT CALENDAR: ITEM TITLE: STUDY SESSION.. PUBLIC HEARING: Transmittal of Treasurer's Report as of April 30, 1 997 RECOMMENDATION: Receive and file. BACKGROUND AND OVERVIEW: Transmittal of Treasurer's Report dated April 30, 1 997 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. J hn M. Falco er, Finance Director O()0031 BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;% H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%!H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%"H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%#H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%$H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%%H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%&H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%'H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%(H G z GPL4 AGENDA CATEGORY: OF BUSINESS SESSION: COUNCILfRDA MEETING DATE: June 17, 1997 CONSENT CALENDAR: 3 ITEM TITLE: STUDY SESSION: Approval of Settlemc L and Release PUBLIC HEARING: Agreements with 1) luff School of Theology; 2) County of Mobile, Alabama; 3) City of Newport Beach; and 4) Colorado County Officials and Employees Retirement Association Concerning the 0CM Litigation RECOMMENDATION: Approval of the Settlement and Release Agreements based on Council's prior settlement negotiation authorization. FISCAL IMPLICATIONS: City will receive $38,500. BACKGROUND AND OVERVIEW: This matter concerns part of the liquidation of the Steven Wymer estate. The parties concerned are described in the attached letters from Stradling, Yocca, Carlson & Rauth. All of the settlements are within the settlement authority previously authorized by Council in direction to Mr. Cannon of SYC&R. FINDINGS AND ALTERNATIVES 1. Approval of the Settlement and Release Agreements. DAWN C. HONEYWELL, City t?o rn ey City of La Quinta, California BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%)H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%*H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%+H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%,H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%-H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%.H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%/H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%0H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%1H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%2H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%3H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%4H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%5H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%6H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%7H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%8H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%9H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%:H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%;H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%<H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%=H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%>H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%?H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%@H NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%AH NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%BH NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%CH L2? Cr 4?OF?? AGENDA CATEGORY: BUSINESS SESSION: COUNCILIRDA MEETING DATE: June 17, 1997 CONSENT CALENDAR: ITEM TITLE: STUDY SESSION: PUBLIC HEARING: Consideration of a Resolution of the Redevelopment Agency of the City of La Quinta, California Adopting the Investment Policy of the City of La Quinta for Fiscal Year 1 997/98 RECOMMENDATION: Approve the resolution of the Redevelopment Agency of the City of La Quinta, California adopting the Investment Policy of the City of La Quinta for Fiscai Year 1997/98. SEE CITY COUNCIL STAFF REPORT I 000067 BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%DH NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%EH NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%FH AGENDA CATEGORY: BUSINESS SESSION: COUNCILIRDA MEETING DATE: June 17, 1997 CONSENT CALENDAR: ITEM TITLE: STUDY SESSION: PUBLIC HEARING: Transmittal of Revenue and s*e: 5 Expenditures Report dated April 30, 1997 RECOMMENDATION: Receive and File BACKGROUND AND OVERVIEW: Transmittal of the April 30, 1 997 Statement of Revenue and Expenditures for the La Quinta Redevelopment Agency. hn J M. Falco er, Finance Director OOO?7q BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%GH NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02 ing -> 10;%HH NOTEXTPAGE BIB] 08-11-1999-U01 10:32:40AM-U01 ADMIN-U01 RDA-U02 06-U02 17-U02 1997-U02