1987 10 20 RDA( REDEVELOPMENT AGENCY
AGENDA
CITY COUNCIL CHAMBERS
78-105 Calle Estado
La Quinta, California 92253
Regular Meeting
October 20, 1987 7:30 P.M.
CALL TO ORDER
a. Roll Call
HEARINGS
BUSINESS SESSION
CONSENT CALENDAR
1. Approval of Minutes 9f September 29th & October 13th.
2. Approval of Demands.
ADJOURNMENT
DECLARATION OF POSTING
I, Saundra L. Juhola, Secretary of the La Quinta Redevelopment
Agency, hereby declares that the foregoing agenda for the
Redevelopment Agency meeting of October 20, 1987 was posted on the
outside entry to the Council Chambers, 78-105 Calle Estado and on the
bulletin board at the La Quinta Post Office on Friday, October 16,
1987.
Da(ed: October 16, 1987
**A*DRA L. JUHOLA, *ecretary
La Quinta Redevelopment Agency
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( AGEk'*TL'I*F
r'
*
*
LA QUINTA REDEVELOPMENT AGENCY
Demand/Warrant Re*ister
October 20. 1987
check # NAME PURPOSE DATE AM0W*'T
323 cancelled
324 William Hoyle Auto/phone compensation, Oct 10/16/87 $ 100.00
325 Stanley Sniff Auto/phone compensation, oct 10/16/87 $ 100.00
326 Dale Bohnenberger Auto/phone compensation, Oct 10/16/87 $ 100.00
327 John Pena Auto/phone compensation, Oct 10/16/87 $ 100.00
328 Judith Cox Auto/phone compensation, Oct 10/16/87 $ 100.00
329 Katz Hollis Proj 9607/8705, Mo of August 10/16/87 $2,426.25
Revised Discr. Revenue Analysis
* $2.926.25
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( LA QUINTA REDEVELOP*[ENT AGENCY
STATEMENT OF FINANCIAL POSITION
4At Se*ternber 3O* 1987
ASSETS
Cash in Bank $ 8,093.05
Restricted Cash $ 3,892,161.43
LAIF Investments $ 429,000.00
Mint available retirement long term debt $ 3,811,339.72
Mint to be provided retire long term debt $ 16,212,093.00
TOTAL ASSETS $ 24,352,687.20
LIABILITIES
Bonds Payable $ 20,000,000.00
Due to County of RiverBide $ 293,756.00
Notes payable to Water District $ 778,000.00
TOTAL LIABILITIES $ 21,071,756.00
Fund Balance $ 3,280,931.20
TOTAL LIABILITY & FUND EQUITY $ 24,352,687.20
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( *UINTA REDEVELOPHENT AGENCY
STATEMENT OF REVENUES AND EXPENDITURES
At September 30*49*
COLLECTED ESTIMATED UNCOLLECTED % TO
TO DATE REVENUE *
REVENUE
Tax Increment $ 44,890.59 $3,316,000.00 $ 3,271,109.41 1.4
Interest Earned 0- $ 32,000.00 $ 32,000.00 0-
M1.scellAneous $ 45.00 0- 45.00) 0-
TOTAL $ 44,935.59 $3,348,000.00 3,303,064.41 1.3
EXPENDITURES BUDGET UNCOLLECTED % TO
TO DATE BALANCE DATE
EXPENDITURES
Debt Service 0- $2,259,000.00 $ 2,259,000.00 0-
Taxing Agency 0- $ 30,000.00 $ 30,000.00 0-
ProfessionallAdm $ 77,932.50 $ 100,000.00 $ 22,067.50 77.9
Low Inc. Housing 0- $ 927,000.00 $ 927,000.00 0-
Net Revenue 32,996.9* 0- $ 32,996.91 0-
FY 87-88
TOTAL $ 44,935.59 $3,316,000.00 $ 3,271,064.41 1.4
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