1985 02 19 RDA^ 1,
AGENDA
IA QUINTA REDEVEW*ENT AGENCY
A regular n*eting of the La Quinta
Redevelo*t Agency, to be held
at City Hall, 78-105 Calle Estado,
La Quinta, California.
February* 19, 1985 7:30 p.m.
1. CALL TO ORDER
2. ROLL r*j
3. HEAR*
4. CONSENT C*L*AAR
A. Approval of the Minutes of a regular ir*eting of the La Quinta *develo*n*nt
Agency held February 5, 1985.
5. BUSINESS SESSION
A. PROPOSED RE*OLUTION. A RESOLUTION OF THE IA QUINT** REDEVEW*ENT
AGENCY, *COUNTY OF RIVERSIDE, STATE OF
C*LIF*RNIA, AUTHORIZING DEPOSIT AND WITHDRAWAL*** IN THE 5* STATE *Cy
INVESTMENT* FUND.
1) Report fr*n the E*ecutive Director.
2) Resolution* for adoption.
B. Other.
6. ArUOUI**
I
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^ MEMORANDUM
CITY OF LA QUINTA
To: The Honorable Chairman and Agency Members
From: Frank M. Usher, Executive Director
Date: February 12, 1985
Subject: Investment of Agency Funds
The Redevelopment Agency has received its first distribution of tax
increment. For the first half of Fiscal Year 1984-1985, the amount
is approximately $248,500. It is necessary to establish a separate
account for the Agency with the Local Agency Investment Fund in order
to earn interest on the funds.
At the meeting of March 5, we will be presenting checks for approval
reimbursing, with interest, the advances which have been made from
Landmark, Ridgeway and the City, and making the necessary tax increment
pass-through to the Coachella Valley Mosquito Abatement District and
the Coachella Valley Unified School District.
Adoption of the accompanying resolution i respectfully recommended.
FMU:dmv
5A*
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