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REDEVELOPMENT AGENCY
AGENDA
CHY COUNCIL CHAMBERS
7?1O5 Calle Estado
La Quinta, California 92253
R?ar Meeting
J"June, 1993-3:OOP.M.
CALL TO ORDER Beginning Res. No. RA 93-6
a. Roll Call
PUBLIC COMMENT
BUSINESS SESSION
1. Consideration of Modification of Financial Assistance for the Coachella Valley
Housing Coalition Housing Project.
a) Minute Order Action.
2. Transmittal of Treasurer's Report March 31, 1993.
CONSENT CALENDAR
1. Approval of Demand Register Dated June 1, 1993.
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DEPARIMT REPORTS
a. Transinittal of Statement of Financial Position March 31, 1993.
CLOSED SESSION
a. Discussion of negotiations pursuant to Government Code Section 54956.8
Williams Development Corporation proposal for housing project including
potential land acquisition in the Cove area.
AwOURN?
DECLARAIlON 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 June 1, 1993
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, May 28, 1993.
Dat?d: May 28, 1993.
UNDRA L. JUHOLA, Secretary
La Quinta Redevelopment Agency
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REDEVELOPMENT AGENCY
MEETING DATE: June 1, 1993 AGENDA CATEGORY:
PUBLIC HEARING:
ITEM TITLE: Consideration of Modification I
Financial Assistance for the Coachella Valley BUSINESS SESSION: I
Housing Coalition Hqusing Project Construction
CONSENT CALENDAR:
STUDY SESSION:
SUMMARY: This item was continued from the May 18, 1993 Redevelopment Agency
Meeting. The reason the item was continued was to allow Agency staff to
produce and provide maps regarding the location of each of the units in the
program thereby assisting the Agency Board Members in determining their
eligibility to vote on this project. The map is attached as Exhibit A.
On March 25, 1992, the Agency entered into a First Amendment to the
Affordable Housing Agreement with the Coachella Valley Housing Coalition
CVHC) that provided a total of $444,000 to facilitate the development of ten
single-family homes in the Cove. The homes were to house two very low income
and eight low income households. On April 29) 1993, Agency staff received
correspondence from CVHC that requested an additional $7,959 in Agency
housing funds to facilitate the substitution of three very low income
households for three low income households.
FISCAL IMPLICATIONS: If the Agency granted this request, an additional
$7,959 would be allocated to this project. These funds would be charged
against the unexpected funds in the Agency's low and moderate income housing
account. APPROVED BY:
RECOMMENDATION: That the Agency grant CVHC's request and provide an
additional $7,959 to facilitate the substitution of three very low income
households for three low income households, and direct staff to amend the
Agreement to provide for this additional funding allocation.
Submitted by: Approved for submission to the
Thomas P. Genovese, Chairman and Members of the La
Assistant City Managef? Quinta Redevelopment Agency:
Signature Robert L. Hunt, Executive Director
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COUNCIL MEETING DATE: JUNE 1, 1993 AGENDA CATEGORY:
ITEM TITLE: PUBLIC HEARING:
BUSINESS SESSION:
Demand Register CONSENT CALENDAR: I
STUDY SESSION:
BACKGROUND:
Warrants 538 539 $435,147.68
FISCAL IMPLICATIONS: APPROVED BY:
Demand of Cash $435,147.68
RECOMMENDATION:
Approval of Demand Register
Submitted by: Approved for submission to
City Council
Signature ROBERT L. HUNT
CITY MANAGER
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MEETING DATE: JUNE 1, 1993 AGENDA CATEGORY:
ITEM TITLE: PUBLIC HEARING:
BUSINESS SESSION:
DEPARTMENT STAFF REPORT
FINANCE DIRECTOR CONSENT CALENDAR:
TRANSMITTAL OF STATEMENT OF STUDY SESSION:
FINANCIAL POSITION
DEPARTMENT REPORT: a
Transmital of the March 31, 1993 Statement of Financial Position
for the La Quinta Redevelopment Agency.
RECOMMENDATION:
Receive and File
Subraitted by: Approved for submission to
City Council
ROBERT L. HUNT
CITY MANAGER
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