1988 12 20 RDAi^ P REDEVELOPMENT AGENCY
AGENDA
CITY COUNCIL CHAMBERS
78-105 Calle Estado
La Quinta, California 92253
Regular Meeting
December 20, 1988 7:30 P.M.
CALL TO ORDER
a. Roll Call
HEARINGS
BUSINESS SESSION
1. Adoption Of Resolution And Supplemental Resolution
Authorizing The Issuance Of Tax Allocation Bonds Of Said
Agency In A Principal Amount Not To Exceed Eight Million
Dollars $8,000,000) To Finance A Portion Of The Cost Of A
Redevelopment Project Known As The La Quinta Redevelopment
Project And Approving Certain Documents And Taking Certain
Other Actions In Connection Therewith.
a) Report of Consultant.
b) Resolution Action.
CONSENT CALENDAR
1. Approval of Minutes of December 6, 1988.
2. Approval of Demand Register.****- *
3. Adoption of Resolution Setting the Date and Time of the
Joint Public Hearing with Respect to the Redevelopment and
the Final Environmental Impact Report for the Redevelopment
Project Area No. 2.
DECLARATION OF POSTING
I, Saundra L. Juhola, Secretary of the La Quinta Redevelopment
Agency do hereby declare that the foregoing agenda for the
Redevelopment Agency Meeting of December 20, 1988 was posted on
the outside entry to the Council Chamber, 78-105 Calle Estado
and on the bulletin board at the La Quinta Post Office on
Friday, December 16, 1988.
D*ed: December 16, 1988
*DRAL.JUH I Secretary
La Quinta Redevelopment Agency
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i^ P BUSINESS SESSION ITEM NO. I
RESOLUTION NO.
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
LA QUINTA REDEVELOPMENT AGENCY AUTHORIZING THE
ISSUANCE OF TAX ALLOCATION BONDS OF SAID AGENCY
IN A PRINCIPAL AMOUNT NOT TO EXCEED EIGHT
MILLION DOLLARS $8,000,000) TO FINANCE A
PORTION OF THE COST OF A REDEVELOPMENT PROJECT
KNOWN AS THE LA QUINTA REDEVELOPMENT PROJECT AND
APPROVING CERTAIN DOCUMENTS AND TAKING CERTAIN
OTHER ACTIONS IN CONNECTION THEREWITH
WHEREAS, the La Quinta Redevelopment Agency the
Agency"), is a redevelopment agency a public body, corporate
and politic) duly created, established and authorized to
transact business and exercise its powers, all under and
pursuant to the Community Redevelopment Law Part 1 of Division
24 commencing with Section 33000) of the Health and Safety
Code of the State of California) and the powers of the Agency
include the power to issue bonds for any of its corporate
purposes; and
WHEREAS, the Redevelopment Plan for a redevelopment
project known and designated as La Quinta Redevelopment
Project" has been adopted and approved by Ordinance No. 43 of
the City of La Quinta, which became effective on December 29,
1983, and all requirements of law for and precedent to the
adoption and approval of the Redevelopment Plan have been duly
complied with; and
WHEREAS, pursuant to Resolution No. RA 85-5 the Agency
issued Twenty Million Dollars $20,000,000) of La Quinta
Redevelopment Agency, La Quinta Redevelopment Project, Tax
Allocation Bonds, Series 1985" the 1985 Bonds"); and
WHEREAS, in order to raise additional funds for the
implementation of the Redevelopment Plan, the Agency deems it
necessary at this time to issue tax allocation bonds on a
parity with the 1985 Bonds for such purpose; and
WHEREAS, the corporate purposes of the Agency will be
accomplished by issuing at this time tax allocation bonds in a
principal amount of Eight Million Dollars $8,000,000) pursuant
to this Resolution to be designated La Quinta Redevelopment
Agency, La Quinta Redevelopment Project, Tax Allocation Bonds,
Series 1989 the Bonds"); and
WHEREAS, the Agency is authorized to issue the Bonds
pursuant to the Community Redevelopment Law of the State of
California being Part I of Division 24 of the Health and
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i^ PAGENCY MEETING DATE: December 20, 1988 AGENDA CATEGORY:
ITEM TITLE: PUBLIC HEARING:
Resolution setting the date and time
of the Joint Public Hearing with BUSINESS SESSION:
respect to the Redevelopment Plan
and the Final Environmental Impact CONSENT CALENDAR: *
Report for the Redevelopment Project
Area No. 2 STUDY SESSION:
BACKGROUND:
This resolution is necessary as part of the formal process to hold a
Joint Public Hearing on February 21, 1989 regarding Redevelopment
Project Area No. 2
FISCAL IMPLICATIONS:
APPROVED BY:
RECOMMENDATION:
Adoption of the Resolution
Su*initted by: Approved for submission to
City Council:
*;` *
Signature RON KIEDROWSKI, CITY MANA* *
FORM*001 ALL
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i^ P
LA QUINTA REDEVELOPMENT AGENCY
AGENDA REPORT
Meeting Date: December 20, 1988
TO: Agency Members
FROM: Ronald L. Kiedrowski
DATE: December 16, 1988
SUBJECT: RESOLUTION SETTING THE DATE AND TIME OF THE JOINT PUBLIC
HEARING WITH RESPECT TO THE REDEVELOPMENT PLAN AND
THE FINAL ENVIRONMENTAL IMPACT REPORT FOR THE
REDEVELOPMENT PROJECT AREA NO.2
BACKGROUND
The proceedings to adopt a Redevelopment Plan and Project Area are nearing the final
step in the process. Prior to City Council consideration of the ordinance approving the
Plan, a public hearing must be held to hear all testimony for and against the proposed
Plan and Final Environmental Impact Report.
DISCUSSION
The Co*munity Redevelopment Law provides that when a city council serves as the
governing board of the redevelopment agency, both bodies may hold a joint public
hearing to receive testimony on the redevelopment plan. Further, the law stipulates that
the Notice of the Joint Public Hearing must be published in a newspaper of general
circulation for four 4) consecutive weeks prior to the hearing, and be mailed to all
property owners within the Project Area via returned mail return receipt requested.
It is proposed that the joint public hearing on the Redevelopment Plan for Project Area
No.2 be scheduled for February 21, 1988 at 7:30p.m. Action on this Resolution will set
the time and date for the public hearing and assure that all Notices are published and
mailed to Project Area property owners prior to the February 21st meeting. Staff
proposes to follow the aforementioned noticing procedures as prescribed by the
Community Redevelopment Law. If other procedures are desired by the Agency they
should be discussed at the December 20th meeting.
RECOMMENDATION
That the Agency adopt the attached Resolution setting the date and time for the joint
public hearing and authorizing the Executive Director to give notice in the form and
manner prescribed by the Community Redevelopment Law.
3
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