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1991 07 02 RDAing -> 10" EI)E:?E 3E CITY COUNCIL CHAMBERS 78-105 Calle Estado La Quinta, California 92253 REGULAR MEETING July 2, 1991 3:00 P.M. CALL TO ORDER Beginning Res. No. RA 91-B a) Roll Call PUBLIC HEARINGS BUSINESS SESSION 1. Consideration of Resolution Ratifying Execution of an Agreement with Coachella Valley Unified School District and Making Certain Findings in Connection Therewith. a) Resolution Action. CONSENT CALENDAR 1. Apprpval of Minutes June 18, 1991. 2. Approval of Agreement for Assignment of Disposition and Development Agreement A & M Construction to Brian and Linda Merritt. CLOSED SESSION Discussion of potential litigation SB 2557 pursuant to Government Code Section 54956.9(a). ADJOURNMENT BIB] 02-02-1999-U01 02:40:04PM-U01 ADMIN-U01 RDA-U02 07-U02 02-U02 1991-U02 ing -> 10" 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 July 2, 1991 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, June 28, 1991. DRAL.JUHO??Ltm La Quinta Redevelopment Agency 4j ti BIB] 02-02-1999-U01 02:40:04PM-U01 ADMIN-U01 RDA-U02 07-U02 02-U02 1991-U02 ing -> 10" d?G(4?Uiii?i REDEVELOPMENT AGENCY MEETING DATE: July 2, 1991 AGENDA CATEGORY: PUBLIC HEARING: ITEM TITLE: BUSINESS SESSION: I APPROVAL OF RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY RATIFYING THE EXECUTION CONSENT CALENDAR: OF AN AGREEMENT BY AND AMONG THE CITY OF LA QUINTA, THE LA QUINTA REDEVELOPMENT AGENCY AND STUDY SESSION: THE COACHELLA VALLEY UNIFIED SCHOOL DISTRICT AND MAKING CERTAIN FINDINGS IN CONNECTION THEREWITH BACKGROUND: At their regulary scheduled City Council meeting of April 2, 1991, the Council approved the agreement by and among the City of La Quinta, the La Quinta Redevelopment Agency and the Coachella Valley Unified School District. Attached is a copy of that executed agreement. This resolution further rati-fies the said agreement. FISCAL IMPLICATIONS: APPROVED BY: RECOMMENDATION: Approve the Resolution of the La Quinta Redevelopment Agency ratifying the execution of an agreement by and among the City of La Quinta, the La Quinta Redevelopment Agency and the Coachella Valley Unified School District and making certain findings in connection therewith. Subinitted by: Approved for submission to Chairman and members of the La Quinta Redevelopment Agency: Signature RON KIEDROWSKI, CITY MANAGER BIB] 02-02-1999-U01 02:40:04PM-U01 ADMIN-U01 RDA-U02 07-U02 02-U02 1991-U02 ing -> 105$ NOTEXTPAGE BIB] 07-12-1999-U01 11:03:16AM-U01 ADMIN-U01 RDA-U02 07-U02 02-U02 1996-U02 ing -> 105$ NOTEXTPAGE BIB] 07-12-1999-U01 11:03:16AM-U01 ADMIN-U01 RDA-U02 07-U02 02-U02 1996-U02 ing -> 105$ NOTEXTPAGE BIB] 07-12-1999-U01 11:03:16AM-U01 ADMIN-U01 RDA-U02 07-U02 02-U02 1996-U02 ing -> 105$ NOTEXTPAGE BIB] 07-12-1999-U01 11:03:16AM-U01 ADMIN-U01 RDA-U02 07-U02 02-U02 1996-U02 ing -> 105$ NOTEXTPAGE BIB] 07-12-1999-U01 11:03:16AM-U01 ADMIN-U01 RDA-U02 07-U02 02-U02 1996-U02 ing -> 105$ NOTEXTPAGE BIB] 07-12-1999-U01 11:03:16AM-U01 ADMIN-U01 RDA-U02 07-U02 02-U02 1996-U02 ing -> 105$ NOTEXTPAGE BIB] 07-12-1999-U01 11:03:16AM-U01 ADMIN-U01 RDA-U02 07-U02 02-U02 1996-U02 ing -> 105$ NOTEXTPAGE BIB] 07-12-1999-U01 11:03:16AM-U01 ADMIN-U01 RDA-U02 07-U02 02-U02 1996-U02 ing -> 105$ NOTEXTPAGE BIB] 07-12-1999-U01 11:03:16AM-U01 ADMIN-U01 RDA-U02 07-U02 02-U02 1996-U02 ing -> 10" 3: 44??? I c??sE:?;? ASSIG???T OF INTEREST AGREEMENT This ASSTGNMENT OF INTEREST AGREEMENT this ie?gree?efltI?) is entered in?o between the LA QUI?TA EDEVELOpMENT A?E?CY Agen?y") and A&M CONSTRUCTION, a general partnership Deve1oper?) dated 1991 concerning the transfer of intere?t in ceL-taiu Disposition and Development Agreement da?ed August 11 1990 the DDA") between the same parties. WHEREAS1 the Developer has equested the ability to assign the DDA pursuant to Section 107 of the DDA; WHEREAS, the Agency believes the proposed assignment to be in the best interest of the City of La Quinta and the orderly development of th? pro?ect Le8; NOW, THERE?ORE, the parties hereto agree as follows: 1. The Agency hereby grants its approval for the a?signinent and transfer of tbe inte?e?t?, rights an? responsibilities of the Developer under the DDA to Bryan H. Merritt and Lynda J. Merritt, husband and wife and joint ten?nt? collectively, the A??ignee??)1 inc1?di?y t?A? rj?ht of the transfer of the subject property i? the DDA for an amount of Sixty ThouSand Dollars $60,000). 2. The Developer hereby verifies that this assignment is at its re?uest and ap?rova1 and that it rernai?s d?iti.onally responsible for all of the Developer duties nder the original DDA. The Executive Director of the Agency is hereby authorized to e?ecute all documents necessary to affect the a?ove transfer and complete the provisions of the DDA including the sale of the subject property for an amo?nt of Sixty Thousand Dollars $60,000) to the Assignee. 4? This Agreement is solely for purposes of the approval of tho ign?ent quired by Section 107 of the D?A and there is no intent to alter any term or obligation of the original DDA. IN WITNESS WHEREOF, the parties hereto have signed this Aqreement as of the date set forth above. t.A QUINTA REDEVELOPMENT AGENCY By: Cha i r?an Signatures continued on next pm?e.] *? G 1 BIB] 02-02-1999-U01 02:40:04PM-U01 ADMIN-U01 RDA-U02 07-U02 02-U02 1991-U02 ing -> 10" I TrP'? Ci I;c?I II r31? j? P33 A i I??- I ATTEST: Agency ec!?e?ary APPROVED AS TQ FORM: Aqe?cy Counsel A & M CONSTRUCT?O?, a enera1 partnership By?. Manny Abarca, General partner By Richard Morris, General Partner 9'ASSIG?EE'? By Bryan Merritt, joint Tenant By: Lynda Merritt, Joint Tenant BIB] 02-02-1999-U01 02:40:04PM-U01 ADMIN-U01 RDA-U02 07-U02 02-U02 1991-U02