1986 10 07 RDA AGENDA
LA QUINTA REDEVELOPMENT AGENCY
A regular meeting of the
La Quinta Redevelopment Agency,
to be held at City Hall, 78-105
Calle Estado, La Quinta, California.
October 7, 1986 7:30 p.m.
1. CALL TO ORDER
2. ROLL CALL
3. HEARINGS
4. CONSENT CALENDAR
A. Approval of the Minutes of a regular meeting of the La
Quinta Redevelopment Agency held September 16, 1986.
B. RESOLUTION NO. RA-86-10. APPROVING DEMANDS.
1) Motion for adoption. ROLL CALL VOTE)
C. RESOLUTION NO. RA-86-11. DESIGNATING AUTHORIZED
SIGNATURES AT SECURITY
PACIFIC NATIONAL BANK.
1) Motion for adoption. ROLL CALL VOTE)
5. BUSINESS SESSION
A. Financial Report Finance Director)
B. Approval of General Services Agreement Redevelopment
Agency Consulting Services. Executive Director)
1) Motion to approve.
C. Other.
6. ADJOURNMENT
BIB]
10-21-1998-U01
04:42:28PM-U01
ADMIN-U01
RDA-U02
10-U02
07-U02
1986-U02
*
Io*7*1*
DATE AGENDAITEM#
APPROVED
oCONTINUED TO
RESOLUTION RA-86-1O
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT
AGENCY, APPROVING DEMANDS.
BE IT RESOLVED by the La Quinta Redevelopment Agency of the
City of La Quinta, California, to approve demands as shown on the
Demand/Warrant Register dated October 7, 1986.
APPROVED and ADOPTED this 7th day of October, 1986,by the
following roll call vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
CHAIRMAN
ATTEST:
SECRETARY
BIB]
10-21-1998-U01
04:42:28PM-U01
ADMIN-U01
RDA-U02
10-U02
07-U02
1986-U02
I
LA QUINTA REDEVELOPMENT AGENCY
DEMAND/ WARRANT REGISTER
October 7, 1986
check * NAME PURPOSE DATE AMOUNT
217 Katz-Hollis Seminar-City Manager/Finance Director 9/11/86 $190.00
218 Judith A Cox Auto/phone comp. Sept. 9/19/86 100.00
219 Lawrence 0 Allen Auto/phone comp. Sept 9/19/86 100.00
220 Fred Wolff Auto/phone comp. Sept 9/19/86 100.00
221 John J Pena Auto/phone comp. Sept 9/19/86 100.00
222 Dale Bohnenberger Auto/phone comp. Sept 9/19/86 100.00
223 VOID TOTAL $690,Q0
BIB]
10-21-1998-U01
04:42:28PM-U01
ADMIN-U01
RDA-U02
10-U02
07-U02
1986-U02
DATE AGENDAITEM#
APPROVED oDENIED
oCONTINUED TO
RESOLUTION NO. RA-86-1l
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT
AGENCY, DESIGNATING AUTHORIZED SIGNATURES AT
SECURITY PACIFIC NATIONAL BANK.
BE IT RESOLVED by the La Quinta Redevelopment Agency, as follows:
Section 1. Authorized signatures on all accounts, warrants
and checks shall be as follows:
John J. Pena Chairman
Dale V. Bohnenberger Vice-Chairman
Ronald L. Kiedrowski Executive Director
Henry Harvey Finance Director
On warrants and checks, any two of the above signatures must be
original.
APPROVED and ADOPTED this 7th day of October, 1986.
MAYOR
ATTEST:
CITY MANAGER/CLERK
APPROVED AS TO FORM:
CITY ATTORNEY
BIB]
10-21-1998-U01
04:42:28PM-U01
ADMIN-U01
RDA-U02
10-U02
07-U02
1986-U02
*A.
LA QUINTA REDEVELOPMENT AGENCY DATE AGENDAITEM#
F]NANCE DIRECTORS REPORT * APPROVED DEWED
CONTINUED TO
SEPTEMBER 30, 1986
BALANCE 8/31/86 RECEIPTS DISBURSEMENTS BALANCE 9/30/86
Restricted cash $ 3,101,207.00 $ 3,101,207.00
Cash on Hand $ 0- $ 0-
Pooled Account 62,357.80 $ 30,537.83 $ 60,690.00 $ 32,205.63
Total Cash $ 3,163,564.80 $ 30,537.83 $ 60,690.00 $3,133,412.63
Investments $ 374,000.00 60,000.00 $ 434,000.00
Total Cash and Investments $ 3,567,412.63
SUMMARY OF DISBURSEMNTS
Accounts Payable 690.00
Payroll $ 0-
Investments $ 60,000.00
Total $ 60*690.O0
BIB]
10-21-1998-U01
04:42:28PM-U01
ADMIN-U01
RDA-U02
10-U02
07-U02
1986-U02
LA QUINTA REDEVELOPMENT AGENCY
SCHEDULE OF INVESTED FUNDS
SEPTEMBER 30, 1986
De*ository Date Invested Maturity Rate Account
State Treasurer Various Call 7.844 * $ 434,000.00
BIB]
10-21-1998-U01
04:42:28PM-U01
ADMIN-U01
RDA-U02
10-U02
07-U02
1986-U02
*A.
DATE AGENDAlTEM*
LA QUINTA REDEVELOPMENT AGENCY APPROVED DE*ED
BALANCE SHEET AT AUGUST 31, 1986* * CONTINUED TO
ASSETS
Cash in Bank 62,357.80
Restricted cash $3,101,207.00
L.A.I.* Investments 3?*Ofl.00
TOTAL ASSETS $3,537,564.80
CURRENT LIABILITIES
Interest payable 1,931,400.00
Payable to other Governments Q6.000.O0
Total Current Liabilities $2,027,400.00
LONG TER* DEBT
1985 Bond 20,000,000.00
Payable to other governments 2.0g3.333.0Q
Total Long term debt $22,093,333.00
FUND EQUITY 20,583,168.20)
TOTAL LIABILITIES & FUND EQUITY *7564.80
BIB]
10-21-1998-U01
04:42:28PM-U01
ADMIN-U01
RDA-U02
10-U02
07-U02
1986-U02
LA QUINTA REDEVELOPMENT AGENCY
STATEMENT OF REVENUES & EXPENDITURES
T*0 MONTHS ENDING AUGUST 31, 1986
Estimated Collected Uncollected * collect
Revenue to date Balance to date
REVENUE
Tax Increment 2 207,000.00 23,249.79 2,183,750.21 1.05
Interest Earned 30,000.00 7,825.86 22,174.14 26.09
TOTAL 2,237,000.00 31,075.65 2,205,924.35 1.39
Appropriations Expenditures Unexpended exp.
to date Balance to da*
EXPENDITURES
Debt service 2,207.000.00 0- 2,207,000.00
Taxing agency payments 30,000.00 0- 30,000.00
Professional service 30,000.00 3,661.90 26,338.10 12.21
Administrative expense 36,000.00 1,053.83 34,946.17 2.93
TOTAL 2,303,000.00 4,715.73 2,298,284.27
BIB]
10-21-1998-U01
04:42:28PM-U01
ADMIN-U01
RDA-U02
10-U02
07-U02
1986-U02
/oI7I*'
DATE AGENDAITEM#
MEMORANDUM APPROVED DEN?ED
CITY OF LA QUINTA oCONTINUED TO
To. Honorable Mayor and Members of the Council
From: Ronald Kiedrowski, City Manager
Date: September 26, 1986
Subject: Redevelopment Agency Consulting Services
The firm of Katz, Hollis, Coren, and Associates, Inc.,
have been furnishing Financial Consulting Services to the
City's Redevelopment Agency since May 5, 1985.
The services performed by the firm were generally services which
could not be substitued by the City1s staff in that the Services
required intensive computer models of prospected growth factors in
the City's development, the technical documents required for
Bond Sales and an independent relationship with the City in order
that the public and investors could rely on the opinions and
information furnish by the firm necessary to conduct our affairs
in an open market and with our trustees.
Our contractual relationship with the firm has expired,
therefore the firm as forwarded a new service agreement for your
approval. New services which are proposed are those services which
require on a very limited basis until such time as the agency may
elect to sell additional Bonds, revise its plan, or add a new
project but which services are important to have available
to the agency.
Annual expenditures to the firm should be nominal and are
lawful uses of the tax increment of the Agency. Therefore,
there would be no cost to the City's operating budget for the
firm's services.
Recommendation:
The council approve the attached General Services Agreement.
BIB]
10-21-1998-U01
04:42:28PM-U01
ADMIN-U01
RDA-U02
10-U02
07-U02
1986-U02
KatzHollis
or C
September 15, 1986 C
Mr. Ronald Kriedrowski
City Manager
City of La Quinta
P.O. Box 1504
La Quinta, California 92553 40
Dear Mr. Kriedrowski:
Since May 5, 1985 Katz Hollis has been pleased to provide services to
your City based upon an on-going general services contract. We are
currently updating all of our general services contracts to reflect our
1986 hourly rates and certain other changes.
The 1986 rates represent an average annual increase of five to six
percent since our current rates were established in 1984. Other
changes in the contract include:
1) the addition of a paragraph in Section I relating to the
development on implementation of computer programs;
2) the addition of assessment maps and rolls as an incurred
expense in Section III.A.; and
3) the addition of a late payment charge in Section III.B.
We have enclosed a draft of a new contract with your City
incorporating the 1986 rates and other changes. We would appreciate
your favorable consideration of this updated contract.
Yours very truly,
KATZ1 HOLLIS, COREN & ASSOCIATES, INC.
/%L
Calvin E. Hollis
Enclosure.' Draft General Services Contract
091586
0709.khc/fj
BIB]
10-21-1998-U01
04:42:28PM-U01
ADMIN-U01
RDA-U02
10-U02
07-U02
1986-U02
ing -> 107^?? NOTEXTPAGE
BIB]
07-12-1999-U01
04:41:52PM-U01
ADMIN-U01
RDA-U02
d_ NOTEXTPAGE
BIB]
12-15-1998-U01
09:07:22AM-U01
BASIC-U01
RDA-U02
10-U02
17-U02
1989-U02
d_0g NOTEXTPAGE
BIB]
06-24-1999-U01
12:40:08PM-U01
ADMIN-U01
RDA-U02
10-U02
17-U02
1995-U