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1992 08 04 RDAing -> 108 THE CITY OF a! 982 l?Q2 Ten a?rar D?e 1:) E: E: C;E CITY COUNCIL CHAMBERS 78-105 Calle Estado La Quinta, California 92253 REGULAR MEETING August 4, 1992 3:00 P.M. CALL TO ORDER eginning Res. No. RA 92-17 a) Roll Call APPROVAL OF MINUTES Minutes of July 21, 1992 PUBLIC COMMENT BUSINESS SESSION 1. Selection of Underwriter for Tax Allocation Bond Issue Series 1992, Project Area No. 2. a) Minute Order Action. 2. Consideration of Agreement with walling & McCallum for Professional Design/Development Services for a Site in The village at La Quinta. a) Minute Order Action. PUBLIC HEARINGS None CONSENT CALENDAR 1. Approval of Demand Register. 2. Submittal of Statement of Financial Position July 1, 1991 through May 31, 1992. OOOOOi BIB] 03-05-1999-U01 10:23:50AM-U01 ADMIN-U01 RDA-U02 08-U02 04-U02 1992-U02 ing -> 108CLOSED SESSION a. Discussion of negotiations pursuant to Government Code Section 54956.8 La Quinta Canyon Center Development & Disposition Agreement Coachella Valley Land Proposal for Housing Project including potential acquisition of properties in the Cove area Williams Development Corporation Proposal for Housing Project including potential acquisition of properties in the Cove area Walling & McCallum Proposal including potential acquisition of property in The Village at La Quinta. 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 August 4, 1992 was posted on the outside entry to the Council Chamber, 78-105 Calle Estado and on the bulletin board at the La Quinta Chamber of Commerce on Thursday, July 31, 1992. D ed: July 1, 1992. AUNDRA L. HOLA, Secretary La Quinta Redevelopment Agency 000002 BIB] 03-05-1999-U01 10:23:50AM-U01 ADMIN-U01 RDA-U02 08-U02 04-U02 1992-U02 ing -> 108 AVE.. wa..-..A a 78-105 CALLE ESTADO LA QUINTA, CALIFORNIA 92259? 619? 564-2246 C?fOF 619) 564-5617 LA QUINTA REDEVELOPMENT AGENCY ADDENDUM TO AGENDA AUGUST 4, 1992 3:00 P.M. BUSINESS SESSION 3. Consideration of First Aukendment to Owner Participation Agreement with washington/Adams L. P. a) Resolution Action. DECLARATION OF POSTING I, Saundra L. Juhola, City Clerk of the City of La Quinta, California, hereby declare that the foregoing agenda for the City Council meeting of August 4, 1992 was posted on the outside entry to the Council Chamber, 78-105 Calle Estado and on the bulletin board at the La Quinta Chamber of Commerce on Friday, August 4, 1992. D?ed:J?l? 31, 1992 DRA L. JU<O?ty Clerk City of La Quinta, California OOOOU'3 MAILING ADDRESS P.O. BOX 1?O4 LA QUINTA, CALI?ORNIA 92253 BIB] 03-05-1999-U01 10:23:50AM-U01 ADMIN-U01 RDA-U02 08-U02 04-U02 1992-U02 ing -> 108 7- z 4 REDEVELOPMENT AGENCY MEETING DATE: August 4, 1992 AGENDA CATEGORY: PUBLIC HEARING: ITEM TITLE: I BUSINESS SESSION: SELECTION OF UNDERWRITER FOR TAX ALLOCATION BOND ISSUE SERIES 1992, PROJECT AREA NO. 2 CONSENT CALENDAR: STUDY SESSION: BACKGROUND: The City has conducted a Request for Proposal process that included interviews with four underwriter firms. The RFP process was conducted by the City?s Financial Advisors, Fieldman, Rolapp & Associates and interviews were completed utilizing staff members from their firm and City staff members Murray Warden, Interim City Manager, and Tom Genovese, Assistant City Manager. Attached is a letter from Fieldman, Rolapp & Associates which outlines the recomendation to the Redevelopment Agency for selection of underwriter for the referenced Bond Issue. FISCAL IMPLICATIONS: All expenditures for services of Underwriter will be paid for from Bond Proceeds. APPROVED BY: RECOMMENDATION: Approve the selection of Westhoff Martin as underwriters for the Tax Allocation Bond Issue Series 1992, Project Area No. 2 Submitted by: Approved for submission to Chairman and members of the La Quinta Redevelopment Agency: Signature BIB] 03-05-1999-U01 10:23:50AM-U01 ADMIN-U01 RDA-U02 08-U02 04-U02 1992-U02 ing -> 10<2 NOTEXTPAGE BIB] 08-11-1999-U01 02:52:33PM-U01 ADMIN-U01 RDA-U02 08-U02 05-U02 1997-U02 ing -> 10<2 NOTEXTPAGE BIB] 08-11-1999-U01 02:52:33PM-U01 ADMIN-U01 RDA-U02 08-U02 05-U02 1997-U02 ing -> 108 C 2 OF REDEVELOPMENT AGENCY MEETING DATE: August 4, 1992 AGENDA CATEGORY: PUBLIC HEARING: ITEM TITLE: BUSINESS SESSION: CONSIDERATION OF AGREEMENT WITH WALLING & MCCALLUM FOR PROFESSIONAL DESIGN/DESIGN CONSENT CALENDAR: SERVICES FOR A SITE IN THE VILLAGE AT LA QUINTA. STUDY SESSION: BACKGROUND: Attached is a staff report outlining the background of the proposed Agreement. The Agreement is continuing its formation and is anticipated to be complete in the very near future and distributed to the Agency Board Members for their review. FISCAL IMPLICATIONS: If approved, the Agency Board will need to appropriate $29,270 for the specified services. 7 APPROVED BY: RECOMMENDATION: Consider Agreement with Walling & McCallum for Professional Design/Development Services for a site in the Village at La Quinta. Submitted by: Approved for submission to Chairman and members of the La Quinta Redevelopment Agency: Th jjPI??? Signature BIB] 03-05-1999-U01 10:23:50AM-U01 ADMIN-U01 RDA-U02 08-U02 04-U02 1992-U02 ing -> 10<2 NOTEXTPAGE BIB] 08-11-1999-U01 02:52:33PM-U01 ADMIN-U01 RDA-U02 08-U02 05-U02 1997-U02 ing -> 10<2 NOTEXTPAGE BIB] 08-11-1999-U01 02:52:33PM-U01 ADMIN-U01 RDA-U02 08-U02 05-U02 1997-U02 ing -> 10<2 NOTEXTPAGE BIB] 08-11-1999-U01 02:52:33PM-U01 ADMIN-U01 RDA-U02 08-U02 05-U02 1997-U02 ing -> 10< 2 NOTEXTPAGE BIB] 08-11-1999-U01 02:52:33PM-U01 ADMIN-U01 RDA-U02 08-U02 05-U02 1997-U0 ing -> 10<2 NOTEXTPAGE BIB] 08-11-1999-U01 02:52:33PM-U01 ADMIN-U01 RDA-U02 08-U02 05-U02 1997-U02 ing -> 10<2 NOTEXTPAGE BIB] 08-11-1999-U01 02:52:33PM-U01 ADMIN-U01 RDA-U02 08-U02 05-U02 1997-U02 ing -> 10<2 NOTEXTPAGE BIB] 08-11-1999-U01 02:52:33PM-U01 ADMIN-U01 RDA-U02 08-U02 05-U02 1997-U02 ing -> 10<2 NOTEXTPAGE BIB] 08-11-1999-U01 02:52:33PM-U01 ADMIN-U01 RDA-U02 08-U02 05-U02 1997-U02 ing -> 10<2 NOTEXTPAGE BIB] 08-11-1999-U01 02:52:33PM-U01 ADMIN-U01 RDA-U02 08-U02 05-U02 1997-U02 ing -> 108REDEVELOPMENT AGENCY COUNCIL MEETING DATE: AUGUST 4, 1992 AGENDA CATEGORY: ITEM TITLE: PUBLIC HEARING: BUSINESS SESSION: Demand Register CONSENT CALENDAR: I STUDY SESSION: BACKGROUND: Warrants 552 557 $2,537,910.26 FISCAL IMPLICATIONS: APPROVED BY: Demand of Cash $2,537,910.26 RECOMMENDATION: Approval of Demand Register Submitted by: Approved for submission to City Council ature 000017 BIB] 03-05-1999-U01 10:23:50AM-U01 ADMIN-U01 RDA-U02 08-U02 04-U02 1992-U02 ing -> 10<2 NOTEXTPAGE BIB] 08-11-1999-U01 02:52:33PM-U01 ADMIN-U01 RDA-U02 08-U02 05-U02 1997-U02 ing -> 108 * 0 REDEVELOPMENT AGENCY MEETING DATE: AUGUST 4, 1992 AGENDA CATEGORY: ITEM TITLE: PUBLIC HEARING: BUSINESS SESSION: DEPARTMENT STAFF REPORT ASSISTANT CITY MANAGER CONSENT CALENDAR: TRANSMITTAL OF STATEMENT OF STUDY SESSION: FINANCIAL POSITION Transmital of July 1, 1991 thru May 31, 1992 Statement of Financial Position for the La Quinta Redevelopment Agency. RECOMMENDATION: Receive and File Submitted by: Approved for submi?sion to City Council Signature WA INTERIM C?TY MANAGER BIB] 03-05-1999-U01 10:23:50AM-U01 ADMIN-U01 RDA-U02 08-U02 04-U02 1992-U02 ing -> 10<2 NOTEXTPAGE BIB] 08-11-1999-U01 02:52:33PM-U01 ADMIN-U01 RDA-U02 08-U02 05-U02 1997-U02 ing -> 10<2 NOTEXTPAGE BIB] 08-11-1999-U01 02:52:33PM-U01 ADMIN-U01 RDA-U02 08-U02 05-U02 1997-U02 ing -> 10<2 NOTEXTPAGE BIB] 08-11-1999-U01 02:52:33PM-U01 ADMIN-U01 RDA-U02 08-U02 05-U02 1997-U02 ing -> 10<2 NOTEXTPAGE BIB] 08-11-1999-U01 02:52:33PM-U01 ADMIN-U01 RDA-U02 08-U02 05-U02 1997-U02 ing -> 10<2 NOTEXTPAGE BIB] 08-11-1999-U01 02:52:33PM-U01 ADMIN-U01 RDA-U02 08-U02 05-U02 1997-U02 ing -> 10<2 NOTEXTPAGE BIB] 08-11-1999-U01 02:52:33PM-U01 ADMIN-U01 RDA-U02 08-U02 05-U02 1997-U02 ing -> 10<2 NOTEXTPAGE BIB] 08-11-1999-U01 02:52:33PM-U01 ADMIN-U01 RDA-U02 08-U02 05-U02 1997-U02 ing -> 108 IRST AMENDMENT TO O??ER PARTIC?PATI0N AGREEMENT THIS FIRST AME?MENT TO OWNER PARTI?IPATION A?REFMENT the First Amen?ent") is tnade and entered into as of * 1992 by and between the LA QUINTA REDEVELOPMENT AGEN?Y, a public body corpor?te &?d politic the U?g?fl(;y?)? wAsHI?GTQN/ADANS, a California lj?jted partnership the Original Participant"), and wASHING?oN/ADAMS PAR?NE?RsH?P? a Californ?a general partners?ip the Assignee articipant"). RE?I?ALS The h?ave entered into that Owner Participation Agreement dated a? of March 5. 19?1 the Agreement"). The Agreement is on file with the Agency as a public record and is incorporated herein by reference. The Agreernen? provide? Qr the development of a retail shopping center on the Site as def?ned in the Agreement), and requires the Agency and the Original participant tc construct certain onsite and o??fsite public improvements related to 5?ch retail shopping center. B. The Original Participant proposes to as?ign all of it6 rights and obligations under the Agreerrent to the Assignee Particip?nt. The 801e pai-tz?er? the Assi?nee articipant are Sc Enterprises, a Cali?ornia 1?mited partnership, and Washington Plaza Associates, a California general partner?hip. Those entities are also the sole partnerB of Original Participant. C. The Agency, the riginal Participant and the Assignee Participant now desire to a?e certain changes to the Agree?ent to provide or the Agen?y S approval of the assi?niti?nt of the Agreement from the Original Participant to the As?ignee Participant, to provide for the A?encyvs construction of certain dditiona1 public improvements, to approve a different operator of the Pharmacy to be constructed on the Site, and to odify the Agreement To e ecorded A?ecting eal Property.'1 NOW, TP?REFO?, the Agency, t?e Original Participant and the Assign?? art??ip?nt her?by agree ag ol1cw?: Approval of Assignment. Purs?ant to Section 108 of the A;reernent, the Agency h?r?by approves the assiq??ent to Assignee Participant of- all of Original Participant's rights6 obligations, titi?e and interest under the Agreement. Upon the eZ?ec??ve date o? such assignment1 any reference in this First Amendrnent or in the Agreement to the Partic?pant shall apply to the Assignee Participant. The Assignee articipant shall submit to the A?ency an executed a?sign?'n?nt agreernent in a forr?. 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