1988 10 18 RDAi^& REDEVELOPMENT AGENCY
AGENDA
CITY COUNCIL CHAMBERS
78-105 Calle Estado
La Quinta, California 92253
Regular Meeting
October 18, 1988 7:30 P.M.
CALL TO ORDER
a. Roll Call
HEARINGS
BUSINESS SESSION
1. Adoption of Resolution of Intention to Sell Bonds La
Quinta Redevelopment Project Tax Allocation Bonds, Series
1988.
a) Report of Consultant.
b) Resolution Action.
2. Adoption of Resolution of Issuance of Bonds La Quinta
Redevelopment Project Tax Allocation Bonds, Series 1988.
a) Report of Consultant.
b) Resolution Action.
3. Adoption of Resolution Approving the Official Statement
La Quinta Redevelopment Project Tax Allocation Bonds,
Series 19B8.
a) Report of Consultant.
b) Resolution Action.
CONSENT CALENDAR
1. Approval of Minutes of October 4, 1988.
Status Report on Sports Complex.
COMMITTEE REPORTS
a. Receipt of Project Area Committee Minutes of September 28,
1988.
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i^& DECLARATION OF POSTING
I, Saundra L. Juhola, Secretary of the La Quinta Redevelopment
Agency, do hereby certify that the foregoing agenda for the
Redevelopment Agency of October 18, 1988 was posted on the
outside entry to the Council Chambers, 78-105 Calle Estado and
at the bulletin board at the La Quinta Post Office on Friday,
October 14, 1988.
*. October 14, 1988.
SAUNDRA L. JUHOLA, Secretary
La Quinta Redevelopment Agency
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i^& I. MEMORANDUM
TO: The Honorable Chairman and Members of the Agency
FROM: Thomas P. Genovese, Assistant City Manager**
DATE: October 18, 1988
SUBJECT: Redevelopment Consultant Services Proposal for Project
Area No. 1 Bond Issue
BACKGROUND:
Please find attached a proposal submitted by The Rosenow,
Spevacek Group Inc. RSG) to provide consulting services
necessary for the issuance of bonds for Project Area No. 1.
As you are aware the Agency is considering
issuance/refunding of bonds for improvements to the Cove
area. As an expansion on the scope of the original
Agreement with RSG, RSG proposes to undertake additional
tasks relating to the issuance of additional securities
including:
1) Update building permit and developer information
2) Prepare a promotional brochure and/or other
appropriate graphics for communication with the
rating agencies and/or insurance companies,
3) Attend necessary team, staff and Agency meetings
and represent the Agency before the rating
agencies and/or insurance companies of New York.
As indicated to you at the last Redevelopment Agency
meeting, the Agency is attempting to secure a favorable
rating for the proposed issuance. It is felt that the
services described above will assist in the accomplishment
of that goal. The consultant will bill for services
pursuant to the hourly rate of the existing contract with a
cost not to exceed $15,000. The fees requested in the
proposal are at about the standard level of fees charged for
such services and are usually paid or reimbursed to the City
from the proceeds of the bond sale and are recoverable from
a future bond sale if such a sale is not eminent.
RECOMMENDATION:
1. Approval of the proposal of RSG as attached.
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i^& ***IEO
BERMUOA dunes De8ert Sancis Unifieci S*li**l Di5**t
RANCHO MIRAGE * 82-879 HIGHWAY ilie INDIO. CALIFORNIA 92201-5678e *61 9 347-8631
* INDIANWELLS *
PALM DESERT
* LA
OUINTA
Q INDIO *
October 13, 1988
City of La Quinta
P.O. Box 1504
La Quinta, CA 92253
Subject: Status Report and Update on La Quinta Middle School and
Community Use Sports Complex
Honorable City Council:
The Desert Sands Unified School District is pleased to provide the
City of La Quinta with a pro*ress report on the City of La Quinta/
Desert Sands Unified School District joint use project.
As you are aware, the City of La Quinta and the Redevelopment Agency
approved a program to develop the sports field and community use
project, a two-phased project. Phase I is 95% complete and will be
totally complete by November 15, 1988.
A summary of the Phase I and Phase II of the project is shown in Table
I see attached). It indicates the original cost estimates.
Table II see attached) is the **Actual Phase I Progress Report*',
indicating: 1) the percent completed by item, and 2) the costs, and
expenditures to date.
The construction and total project costs indicate in Table II, that
costs are only slightly higher than estimated and are due mainly to
additional items for developing the park property and improvements to
the amphitheater and concession stand projected originally to Phase II
construction. The costs are within the parameters of the funding
program.
A summary of the status of the project is as follows: Table II
indicates a more detailed progress report and the costs incurred.)
1. City Parking Lot The parking lot on the park property will
be complete October 31, 1988.
2. Sports fields will be totally complete October 21, including
the irrigation system, plants, lawn, walks and dugouts.
Overseeding of fields will be complete October 21.
3. Fencing and backstops are completed.
4. Grading The amphitheater and city park property grading,
north of Park Street, is complete.
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i^& 5. Sports field lighting poles foundations, anchor bolts,
conduits and wiring are complete.
6. Light fixtures have been received.
7. Light poles will be delivered October 14 and October 20.
8. Completion of light poles is expected mid-November.
9. Play fields will be usable November 1.
10. Concession stand pad is complete.
11. Basketball courts, play equipment, volleyball courts and
apparatus swings, obstacle course, etc.) are complete and
fully operational.
12. Utilities including sewer, water and electrical service is
complete for the lights, future concession stand and
drinking fountains.
The Phase II program indicates in Table I that it is expected to be
bid out in February and completed in August 1990. The plans were
submitted to the Office of the State Architect in June and are
expected to be approved in November 1988. This includes the
amphitheater, multi-use building and concession/restroom building.
The Phase I project has already provided the large earth berm for the
amphitheater, the building pad for the concession stand as well as
water, sewer, electrical service for the concession stand and City
park property.
We are extremely pleased with the progress made and are pleased with
the quality of work by the contractor Massey. The project's only delay
has been the light poles and some sportsfield improvements caused by
the priority of developing the interim middle school, which was not
anticipated when the project was designed and bid. Our anticipated
completion date is 30 days behind our original scheduled completion
date.
We wish to express our thanks for this cooperative and mutually
beneficial joint project. This joint effort has made it possible for
the District and City to serve our publics recreational and
educational needs in a cost effective, expeditious and efficient
manner.
Sincerely,
Richard M. Beck, Director
Facilities Planning and Development
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