1990 04 17 RDAd_ga Z
REDEVELOPMENT AGENCY
AGENDA
CITY COUNCIL CHAMBERS
78-105 Calle Estado
La Quinta, California 92253
Regular Meeting
April 17, 1990 7:00 F.M.
CALL TO ORDZR Beginning Res. No. 90-3
a. Roll Call
HEARINGS
BUSINESS SESSION
1. Adoption of Resolution of the Board of Directors of the La
cuinta Redevelopment Agency Authorizing the Issuance of Tax
Allocation Refunding Bonds of the Agency in a Principal
Amount Not to Exceed Twenty Million Dollars $20,000,000)
To Refund Certain Obligations of the Agency and Approving
an Escrow Agreement.
a) Resolution Action.
2. Consideration of Resolution Approving the Expansion of a
Program for the Furnishing of Assistance for Affordable
Housing and Authorizing the Expenditure of agency Funds
Pursuant to Such program.
a) Resolution Action.
3. Consideration of Settlement Agreement and Release Regarding
La Quinta Estates, Indio Case No. 44797.
a) Minute Order Action.
CONSENT ITEMS
1. Approval of Minutes of April 3, 1990.
CLOSED SESSION
a. Discussion of Litigation
a. City of Indio/Indio Case No. 57496
ADJOURNMENT
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d_ga 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 April 17, 1990 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, April
13, 1990.
DatZ: PiZ13F.ZZ
Z JUHOLASecretary
La Quinta Redevelopment Agency
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d_ga REDEVELOPMENT AGENCY
MEETING DATE: April 3, 1990 AGENDA CATEGORY:
ITEM TITLE; PUBLIC HEARING:
Resolution of the Board of Directors of the La Quinta BUSINESS SESSION:
Redevelopment AZency authorizing the issuance of
Tax Allocation Refunding Bonds of the Agency in a CONSENT CALENDAR:
Principal Amount not to exceed Twenty Million Dollars
$20,000,000) to refund certain obligations of the STUDY SESSION:
agency and approving an escrow agreement.
BACKGROUND:
On March 14, 1990, the City Council/Redevelopment Agency members reviewed a
presentation by Fieldman and Rolapp, the City's Financial Advisors, regarding
the refunding of the 1985 Series Tax Allocation Bonds. The passage of this
resolution is necessary for the execution of the referenced refunding.
FISCAL IMPLICATIONS: APPROVED BY:
RECOMMENDATION:
Approval of the necessary Resolution to complete the Refunding of the 1985
Series Tax Allocation Bonds.
Submitted by: Approved for submission to
City Council:
Z
Signature RON KIEDROWSKI, CITY MZAGER
FORMZOO2
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d_ga RESOLUTION NO. RA
RESOLUTION OF THE BOARD OF DIRECTORS OF THE LA
QUINTA REDEVELOPMENT AGENCY AUTHORIZING THE
ISSUANCE OF TAX ALLOCATION REFUNDING BONDS OF THE
AGENCY IN A PRINCIPAL AMOUNT NOT TO EXCEED TWENTY
MILLION DOLLARS $20,000,000) TO REFUND CERTAIN
OBLIGATIONS OF THE AGENCY AND APPROVING AN ESCROW
AGREEMENT.
C!
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d_g>a REDEVELOPMENT AGENCY
MEETING DATE: April 17, 1990 AGENDA CATEGORY:
ITEM TITLE: PUBLIC HEARING:
A resolution of the La quinta redevelopment Agency BUS IZESS SESSION:
approving the eppansion of a program for the furnishing CONSENT CALENDAR:
of assistance for affordable housing and authorizine
the expenditure of agency funds pursuant to such program. STUDY SESSION:
BACKGROUND:
on February 21, 1989, final approval was granted for implementation of the Assessment
Subsidy Program. Under the Program established at that meeting, property owners of
Very Zw, Zw and Zderate Incorre were given assistance in making Assessment Payments levied
for Assessment District 88-1. Zis Program was subsequently eppanded by the inclusion
of Sewer Hook-Up Fees in assessment District 88-1 and the inpleeentation of the
Assessment/Hook-Up Fee Subsidy Program in Assessment District 89-2.
FISCAL IMPLICATIONS: APPROVED BY:
RECOMMENDATION:
By Ztion, grant adoption of the attached Pesolution by the Pedevelopeent Agency for;
1) approval of proposed Assessment District 90-1 and
2) jnplementation of the Assessment/Hook-Up Fee Subsidy Program in Assessment
District 90-1Z
Submitted by: Approved for submission to
* City Council:
Signature ZZDROWSKI,ZITY MANAGER
FORM*002
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d_g?aDATE: April 17,1990
TO: Mayor and Members of the City Council
Chair and Members of the Redevelopment Agency
FROM: Ronald E. Kiedrowski, City Manager
SUBJECT: ASSESSMENT/HOOK-UP FEE SUBSIDY PROGRAM
ASSESSMENT DISTRICT 90-1
BACKGROUND
On February 21,1989, final approval was granted for implementation of the Assessment
Subsidy Program. Under the Program established at that meeting, property owners of
Very Low, Low and Moderate Income were given assistance in making Assessment
Payments levied for Assessment District 88-1. This Program was subsequently
expanded by the inclusion of Sewer Hook-Up Fees in Assessment District 88-1 and the
implementation of the Assessmer.t/Hcok-Up Fee Subsidy Program in Assessment
District 89-2.
DISCUSSION
Implementation of the Program in the initial two Assessment Districts is in progress
Forty-two 42) property owners have qualified for the Program to date.
In order to grant further financial assistance to eligible property owners while expanding
the scope of infrastructure improvements, it is proposed that the Assessment/Hook-Up
Fee Subsidy Program be implemented in the proposed Assessment District 90-1. Due to
the on-going infrastructure improvements within the Cove community, it is prudent for
the creation of an additional Assessment District and for eligible property owners within
the proposed District to be given financial assistance identical to that of Assessment
Districts 88-1 and 89-2. As with the previous two Assessment Districts, the Agency's
20% set-aside funds will be used to subsidize the additional assessment and Hook-Up
Fees for income-eligible property owners. The attached map depicts the boundaries of
proposed Assessment District 90-1.
Also attached please find the necessary Resolutions for the expansion of the Program
into proposed Assessment District 90-1. The attached Statement of the La Quinta
Redevelopment Agency Assessment/Hook-up Fee Subsidy Program has been revised
in order to provide for the new Assessment District.
CONCLUSION
The expansion of the Program into an additional Assessment District will provide
continued financial assistance to those unable to pay for the on-going infrastructure
improvements within the Cove community.
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d_g@aRECOMMENDATION
By motion, grant adoption of the attached Resolutions by the City Council and
Redevelopment Agency for: 1) approval of proposed Assessment District 90-1, and 2)
implementation of the Assessment/Hook-up Fee Subsidy Program in Assessment
District 90-1.
9<;
\IZuInta\.Z9Zi 2
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d_gOa SETTLEMENT AGREEMENT AND RELEASE
1. PARTIES
The parties to this agreement are La Quinta Estate, a
partnership La Quinta) and Coachella Valley Water District
CVWD).
2. RECITALS
2.01 CVWD filed its complaint in eminent domain on
September 13, 1985, as Action No. Indio 44797, naming La
Quinta as one of the defendants, as to Parcel LQ-12.
2.02 The action against La Quinta was tried beginning
September 6, 1988, and a judgment entered on November 101
1988, in Judgment Book 140, Page 192, in the amount of
$2,500,000.
2.03 ZZsJZfluZry 23, 1989, the Riverside Superior Court
entered an order granting attorney's fees, costs and
interest in the total amount of $792,796.14.
2.04 On December 2, 1989, CVWD filed its notice of
appeal from the judgment and on February 8, 1989, CVWD filed
its notice of appeal from the post-judgment order for
ZCA
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d_gPainterest, litigation costs and expenses.
2.05 CVWD and La Quinta have agreed to settle the case
between them including all sums due in connection with the
condemnation of Parcel LQ-12 and the appeals of the judgment
rendered and post-judgment order entered in that case.
2.06 It is the purpose of this agreement to set forth
the terms of the settlement between the parties.
3. SETTLEMENT OF ALL CLAIMS AND CONFIRMATION OF
EMINENT DOMAIN
3.01 The parties hereto hereby incorporate in this
agreement the recitals set forth in Paragraph 2, above.
3.02 CVWD agrees to the following:
a) To pay cash of Three Million Dollars
$3,000,000) to La Quinta within ten days from
the date of the execution by all parties of
this agreement in full settlement of all
claims for condemnation of Parcel LQ-12 in
Action No. Indio 44797, including attorney's
fees, interest and costs.
2- /Z)c)
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d_gQa b) CVWD agrees to dismiss its appeals. CVWD and
La Quinta will enter into a stipulation
providing for dismissal of CVWD's appeals and
for issuance of the remittitor forthwith
stating that each party will bear its costs on
appeal.
3.03 La Quinta agrees to accept the sum of Three
Million Dollars $3,000,000) in full settlement of all
claims it asserts in connection with the condemnation of
Parcel LQ-12 including attorney's fees, costs and
interest. La Quinta further agrees that upon delivery of
the Three Million Dollars $3,000,000) settlement, La Quinta
will furnish CVWD with a notarized satisfaction of judgment
stating it is a full satisfaction of the judgment and post-
judgment order, and CVWD can, without further notice to La
Quinta, apply for a final order of condemnation as to Parcel
LQ-12.
4. WARRANTIES AND RELEASE OF ALL CLAIMS
4.01 La Quinta hereby warrants that it has not assigned
any interest in the real property described as Parcel LQ-12
in the complaint, or the right to receive the proceeds from
the condemnation of that property to any third party and
that it has the right to release all claims to such funds.
3-
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d_gaa CONSENT ITEM NO: 1
LA QUINTA REDEVELOPMENT AGENCY
MINUTES
APRIL 3, 1990
Regular meeting of the La Quinta Redevelopment Agency was called
to order by Chairman Pena.
PRESENT: Mr. Bohnenberger, Mrs. Bosworth, Mr. Rushworth, Mr.
Sniff, Chairman Pena
ABSENT: None
PUBLIC HEARINGS None
BUSINESS SESSION
1. ADOPTION OF RESOLUTION OF THE BOARD OF DIRECTORS OF THE LA
QUINTA REDEVELOPMENT AGENCY AUTHORIZING THE ISSUANCE OF TAX
ALLOCATION REFUNDING BONDS OF THE AGENCY IN A PRINCIPAL
AMOUNT NOT TO EXCEED TWENTY MILLION DOLLARS $20,000,000) TO
REFUND CERTAIN OBLIGATIONS OF THE AGENCY AND APPROVING AN
ESCROW AGREEMENT.
Mr. KieZrowskZ advised that this matter will be rescheduleZ
for the next meeting.
CONSENT ITEMS
lZ APPROVAL OF MINUTES OF MARCH 14 AND MARCH 20, 1990.
MOTION It was moved by Mr. Bohnenberger, seconded by Mr.
Sniff that the Consent Calendar be approved. Motion carried
unanimously. MINUTE ORDER NO. RA 90-11.
The Board adjourned to Closed Session to discuss litigation1
City of Indio, Indio Case No. 57496.
The Board reconvened with no action being taken.
There being no further business, the meeting was adjourned.
submitted,
SAUNDRA L. JUHOLA, Secretary
City of La Quinta, California
ii
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