1989 11 21 RDAing -> 10D REDEVELOPMENT AGENCY
AGENDA
CITY COUNCIL CHAMBERS
78-105 Calle Estado
La Quinta, California 92253
Regular Meeting
November 21, 1989 7:30 P.M.
CALL TO ORDER Beginning Res. No. 89-22
a. Roll Call
HEARINGS
BUSINESS SESSION
1. Consideration of Resolution of the La Quinta Redevelopment
Agency Authorizing the Execution of a Supplemental
Cooperation Agreement with City of La Quinta Relating to
Public Improvements.
a) Resolution Action.
2. Approval of Agreement with Coachella Valley Water District
for Phase II Cove Improvement Project.
a) Minute Order Action.
CONSENT ITEMS
1. Approval of Minutes of November 7, 1989.
ADJOURNMENT
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 November 21, 1989 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, November 17, 1989.
Da November 17 1989.
A
SAUNDRA L. JUHOLA, Secretary
La Quinta Redevelopment Agency
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ing -> 10D LA QUINTA REDEVELOPMENT AGENCY MEETING
REDEVELOPMENT AGENCY MEETING DATE: AGENDA CATEGORY:
November 21, 1989
ITEM TITLE: PUBLIC HEARING:
Consideration of a Resolution of the La Quinta BUSINESS SESSION:
Redevelopment Agency authorizing the execution
of a supplemental cooperation agreement with CONSENT CALENDAR:
City of La Quinta relating to public improve-
ments STUDY SESSION:
BACKGROUND:
The attached Resolution has been prepared by the City's Redevelopment
Agency Attorney to facilitate and formalize the repayment to the
City for debt of the City incurred on behalf of the Redevelopment Agency
FISCAL IMPLICATIONS: APPROVED BY:
RECOMMENDATION:
By motion, approval of the Resolution of the La Quinta Redevelopment
Agency authorizing the execution of a supplemental cooperation agree-
ment with City of La Quinta relating to Public Improvements.
Submitted by: Approved for submission to
City Council:
Signature Z,. I;L;R(ZjSA;Z CITY Z4ANAGER
FORM#002
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ing -> 10D RESOLUTION NO.
RESOLUTION OF THE LA QUINTA REDEVELOPMENT
AGENCY AUTHORIZING THE EXECUTION OF A
SUPPLEMENTAL COOPERATION AGREEMENT WITH
CITY OF LA QUINTA RELATING TO PUBLIC
IMPROVEMENTS.
WHEREAS, by Ordinance No. 43 adopted on December 29, 1983,
the City Council of the City of La Quinta adopted and approved
a certain Redevelopment Plan the Redevelopment Plan") for
Project Area No. 1, the Project"); and
WHEREAS, pursuant to the Community Redevelopment Law of the
State of California Health and Safety Code Section 33000, et
sea.), the La Quinta Redevelopment Agency the Agency") is
carrying out the Redevelopment Plan for the Project in the
redevelopment project area the Project Area"); and
WHEREAS, in furtherance of the Project, the Agency and the
City desire to enter into an agreement under which the City
will advance funds required to install and construct certain
Public Improvements to serve the project the Improvements")
as described in Exhibit A" attached to said agreement, and the
Agency will pay the City for all costs of such Improvements in
accordance with that certain Cooperation Agreement dated
August 16, 1983 between the City and the Agency; and
WHEREAS, the Improvements are of benefit to the Project
Area and the immediate neighborhood of the Project Area in that
they will increase the safety and contribute to the elimination
of blight; and
WHEREAS, arrangements for the Improvements are more
particularly described in the Implementing Agreements", which
are attached hereto as Exhibit B" and incorporated herein by
reference; and
WHEREAS, no other reasonable means of financing such
Improvements are available to the community in that the cost of
the iZprovements exceeds the financial ability of the City to
pay, no private sources of funding are available, and all state
and federal grant alternatives have been exhausted,
NOW, THEREFORE, BE IT RESOLVED by the La Quinta-
Redevelopment Agency as follows:
SECTION I:
Z.he Acency hereby deterZines that the Improvements are or
benefZt to the Project Area and the immediate neighborhood in
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ing -> 10Dwhich the Project Area is located, and that no other reasonable
means of financing such Improvements are available to the
community, and hereby consents to the undertaking ot
construction and installation of the Improvements in accordance
with the Supplemental Cooperation Agreement in the form
attached to this resolution and incorporated herein by
reference. The determination that the Improvements will
benefit the Project Area is based'upon the fact that the
Improvements will increase safety and contribute to elimination
of blight.
SECTION II:
The Chairman is hereby authorized to execute the Agreement
on behalf of the Agency.
ADOPTED this day of 1989.
Chairman, La Quinta Redevelopment Agency
ATTEST:
Clerk, La Quinta Redevelopment Agency
I hereby certify that the foregoing Resolution was
duly and regularly adopted by the La Quinta Redevelopment
Agency at a regular meeting thereof held on the day of
1989, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Clerk, La Quinta Redevelopment Agency
RESO NO.
1
OE/13/89
4977n/233B/07 2-
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ing -> 107D BUSINESS SESSION ITEM NO. Z
AGREEMENT FOR CONSTRUCTION
OF PUBLIC IMPROVEMENTS
THIS AGREEMENT is made and entered into by and among the CITY OF
LA QUINTA the CITY"), the LA QUINTA REDEVELOPMENT AGENCY the
AGENCY"), and the COACHELLA VALLEY WATER DISTRICT the DISTRICT").
RECITALS
A. The CITY is a municipal corporation duly organized pursuant
to the general laws of the State of California.
B. 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, California Health and Safety Code
section 33000, et seq.
C. The DISTRICT is a county water district organized and
existing pursuant to California Water Code section 30000, et. seq.
D. The CITY, the AGENCY and the DISTRICT wish to cooperate in
undertaking a project for the construction of certain public
improvements within the CITY, including domestic water facilities,
sanitary sewer facilities, street improvements, and storm drains;
each intends to contribute to the cost of some or all of these
improvements through direct financial contribution, through
assessment district financing and/or through the sale of bonds as
hereinafter described.
jZj
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ing -> 108D E. The CITY, the AGENCY and the DISTRICT desire to enter into
this Agreement to undertake and finance said project pursuant to
sections 10109-10111 of the Municipal Improvement Act of 1913 set
forth in California Streets and Highways Code section 10000, et seq.
the Act").
THEREFORE, IT IS AGREED:
ASSESSMENT DISTRICT PROCEEDINGS, FUNDING
1. Formation
The CITY shall form an Assessment District as shown on the
attached Exhibit A" pursuant to the Act fo finance those portions of
the project described in the attached Exhibit B."
2. Funds
Upon adoption of a resolution by the City Council declaring
its action on the Engineer's Report and Assessment, confirming the
proposed assessment, ordering the project to be constructed and
installed and causing the improvement bonds representing unpaid
assessments) to be sold, upon the receipt of paid assessments and the
proceeds of the bond sales, the following funds shall be established
and maintained by the CITY from the sources and for the purposes
described:
a. Improvement Fund
Into this Fund shall be deposited all net proceeds
received by the CITY pursuant to the assessment district assessments
and bond sales and any cash payments by the DISTRICT. This fund
shall be used to pay the cost of construction of all improvements
2
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ing -> 109D b. Tax Allocation Bond Fund
The AGENCY shall transfer to the CITY, monies which
AGENCY has obtained or shall obtain from the issuance and sale of tax
allocation bonds by the AGENCY. Said money shall be kept by the CITY
in a Tax Allocation Bond Fund" and, except as provided in the
following Subparagraph C, shall be used to pay the cost of
constructing those improvements described on Exhibits C-i'1 and C-21'
Street Improvements and Storm Drains).
C. Sewage Elector Pump Contingency Fund
The CITY, upon receipt of the monies obtained from the
issuance and sale of tax allocation bond by the AGENCY shall retain
an amount of FIFTY THOUSAND DOLLARS $50,000.00) for the purpose of
providing ejector pumps for the developed parcels where sewage will
not flow by gravity from the point of the building connection to the
sanitary sewers constructed pursuant to this Agreement. Said funds
shall be administered by the CITY. Appropriate qualifying criteria
shall be established by the CITY and the DISTRICT for the
disbursement of these funds.
FINANCING PROVISIONS
3. DISTRICT'S Obligation
The DISTRICT'S obligation to pay the costs and expenses of
the project shall be limited to domestic water facilities. The
DISTRICT shall budget and contribute up to a total of $1,000,000.00
per fiscal year, starting with the fiscal year 1988-1989 toward the
total cost of the domestic water facilities to be constructed as part
of the project and shown on Exhibit D". If the total cost and
expenses of constructing domestic water facilities exceed the amount
7
of $1,000,000.00 in any one fiscal year, the CITY shall advance the
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