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
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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
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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
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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
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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
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