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1987 06 16 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. June 16, 1987 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 June 2, 1987. B. RESOLUTION NO. RA-87-9. APPROVING DEMANDS. 1) Motion to approve Consent Calendar. ROLL CALL VOTE) 5. BUSINESS SESSION A. Financial Report May, 1987. 6. ADJOURNMENT BIB] 10-22-1998-U01 10:37:14AM-U01 ADMIN-U01 RDA-U02 06-U02 16-U02 1987-U02 4:8. L*4TE AGENDA ITEM A*PR*\*D oDENIED oCONTINUED TO RESOLUTION RA-87-9 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 June 16, 1987. APPROVED and ADOPTED this June 16, 1987 by the following roll call vote: AYES: NOES: ABSENT: ABSTAIN: CHAIRMAN ATTEST: SECRETARY BIB] 10-22-1998-U01 10:37:14AM-U01 ADMIN-U01 RDA-U02 06-U02 16-U02 1987-U02 LA OUINTA REDEVEW*ENI' * D**dA*ant *ister June 16. 1987 jLa*eck PuRPo*E 291 John Axt, Security Pacific Tax Increeent, tax allocation bonds 5/29/87 $ 579,707.03 292 William *yle Auto/phone ooe*sation, June 6/9/87 100.00 293 Stanley Sniff Auto/phone acirpensation, June 6/9/87 100.00 294 Dale Bohnenberger Auto/phone c*rpensation, June 6/9/87 100.00 295 John Pena Auto/phone c*tpE*sation, June 6/9/87 100.00 296 Judith A Cox Auto/phone catpensation, June 6/9/87 100.00 297 C.V. b'bsguito Abat*nt Dist bbsguito abate*rent FY 86-87 6/9/87 28.807.60 298 John Axt, Security Pacific Tax Incr*t*nt, tax allocation bonds 6/9/87 $ 434,127.47 TOTAL $ 1,043,142.10 BIB] 10-22-1998-U01 10:37:14AM-U01 ADMIN-U01 RDA-U02 06-U02 16-U02 1987-U02 &.A. AGENDA!TEM# DENIED LA QUINTA * A*E*CY * CONiNUED TO * *F FIN*IAL POSITICN At Mav 31. 1987 AsSEI* $ 463,991.59 5,007,652.00 AIF Investir*nts $ 429,000.00 Tax Thcr*t*nt Revenue Receivable $ 2,662.26 Restricted Interest Receivable $ 104,508.00 Amount available for retir*r*nt long-te*in debt $ 3,659,352.00 Amount to be provided for long-term debt $ 17,412,404.00 TOTAL ASSE*S $ 27,079,569.85 LIABILITIES Bonds Payable $ 20.000.000.00 Due to *unty of Riverside $ 293,756.00 *tes Payable to Water District $ 778,000.00 *AL LIABILITIES $ 21,071,756.00 FUND BAI** $ 6,007.813.85 * **IMTIES & FUND EDUITY $ 27.079.569.85 BIB] 10-22-1998-U01 10:37:14AM-U01 ADMIN-U01 RDA-U02 06-U02 16-U02 1987-U02 QUINTA PEDEVEID*E*T * SThT***T OF *EVE**UES AND EXPE*DITURES 11 *nths endia Mav 31.1987 OOIL** ESTIMAThD UN*L**D * TODATE RE*7ENUE REv*NuE Tax IncrE*nt $ 2,436,015.54 $ 2,207,000.00 $ 229,015.54) 110.4 Interest Earned $ 23,386.44 $ 30,000.00 $ 6,613.56 78.0 Miscellaneous $ 5.00 0- $ 5.00) 0- TOTAL $ 2,459.406.98 $ 2,237,000.00 $ 222,406.98) 109.9 EXPE*ITU1* BUDGET UNOOM*** To To DATE DATE EXPENDI*iR* Debt Service 0- $ 2,207,000.00 $2,207,000.00 0- Taxing Agency Payxr*nts 0- $ 30,000.00 $ 30,000.00 0- Professional serv $ 29,536.23 $ 30,000.00 $ 463.77 98.5 Administrative ex $ 82,085.78 $ 30,000.00 $ 52,085.78) 273.6 Net Rev. 86-87 $ 2,347,784.97 0- 2,347,784.97) 0- TOIAL $ 2.459.406.98 $ 2,297,000.00 $ 162.406.98) 107.1 BIB] 10-22-1998-U01 10:37:14AM-U01 ADMIN-U01 RDA-U02 06-U02 16-U02 1987-U02 La Quinta Redevel**t*nt Agency Finance Directors Report May 31, 1987 BALANCE April 30, 1987 PE*EIPTS DISB*BMEN*S BAL**NCE Re*tricted Cash $ 4,314,783.78 $ 692,868.22 0 $ 5,007,652.00 Cash on Hand 0- 0- Pooled Account 8,939.44 1.160,712.62 $ 705,660.47 $ 463,991.59 Tbtal Cash $ 4,323,723.22 * 1,853,580.84 $ 705,660.47 $ 5,471,643.59 Invest**nts $ 429,000.00 0- 0- $ 429,000.00 *tal Cash and Investit*nts $ 5,900,643.59 * OF DISBUPS*ME**TS Accounts Payable $ 705,660.47 Payroll 0- Investn*nts 0- Tbtal $ 705,660.47 BIB] 10-22-1998-U01 10:37:14AM-U01 ADMIN-U01 RDA-U02 06-U02 16-U02 1987-U02 IA *EVEWPMENT * S*EDUI OF INVESTED FUNDS May 31, 1987 *po*i tory Date Invested Maturity Rate Account State Treasurer various call * 7.044% $ 429,000.00 *April yield BIB] 10-22-1998-U01 10:37:14AM-U01 ADMIN-U01 RDA-U02 06-U02 16-U02 1987-U02