2001 05 01 RDA Minutes LA QUINTA REDEVELOPMENT AGENCY
-- MINUTES
MAY 1, 2001
A regular meeting of the La Quinta Redevelopment Agency was called to order by
Chairperson Henderson,
PRESENT: Board Members Adolph, PaVia, Perkins, Sniff, Chairperson Henderson
ABSENT: None
PUBLIC COMMENT - None
CLOSED SESSION
1. Conference with Agency's real property negotiator, Mark Weiss, pursuant to
Government Code Section 54956.8 concerning potential terms and conditions
of acquisition and/or disposition of real property located southeast of the Miles
Avenue and Washington Street intersection and north of the Whitewatar
Channel. Property Owner/Negotiator: CW
-- 2. Conference with Agency's real property negotiator, Mark Weiss, pursuant to
Government Code Section 54956.8 concerning potential terms and conditions
of acquisition end/or disposition of reel property located at the terminus of
Avenue 62' and west of Madison Street. Property Owner/Negotiator:
Travertine.'
3. Conference with Agency's real property negotiator, Jerry Herman, pursuant to
Government Code Section 54956.8 concerning potential terms and conditions
of acquisition and/or disposition of real property located south of Calle Tecate
between Avenlda Bermudas and Avenide Montezuma. Property Owner:
La Quinta Redevelopment Agency - Acquiring Party: Desert Sands Unified
School District.
The Agency recessed to Closed Session to and until the hour of 7:00 pm.
7:00 P.M.
The Agency meeting reconvened with no decisions being made in Closed Session
which require reporting pursuant to Section 54957.1 of the Government Code (Brown
Act).
PUBLIC COMMENT - None
Redevelopment Agency Minutes 2 May 1, 2001
CONFIRMATION OF AGENDA - Confirmed
APPROVAL OF MINUTES
MOTION - It was moved by Board Members Sniff/Adolph to approve the Minutes of
April 17, 2001, as submitted. Motion carried unanimously.
CONSENT CALENDAR
1. APPROVAL OF DEMAND REGISTER DATED MAY 1, 2001.
MOTION - It was moved by Board Members Pe~a/Adolph to approve the
Consent Calendar as recommended. Motion carried unanimously.
BUSINESS SESSION
CONSIDERATION OF: 1) AUTHORIZATION TO PROCEED WITH THE
ISSUANCE OF LA QUINTA REDEVELOPMENT AGENCY 2001 PROJECT AREA
NO. I TAX ALLOCATION BONDS; 2) APPROVAL OF BOND DISCLOSURE
COUNSEL CONTRACT; AND 3) APPROVAL OF BOND UNDERWRITER
CONTRACT.
Finance Director Falconer presented the staff report.
Chairperson Henderson questioned the Bond Disclosure Counsel's professional
liability insurance amount.
Agency Counsel Jenson stated the firm may have insurance in excess of $25
million and that staff will verify the amount.
MOTION - It was moved by Board Members Sniff/Pe~a to authorize staff and
the bond team to proceed with the issuance of 2001 Project Area No. 1 Bonds
and approve a contract with Stradling, Yocca, Carlson & Rauth to serve as Bond
Disclosure Counsel and Wedbush Morgan Securities to provide underwriting
services. Motion carried unanimously.
STUDY SESSION - None
Redevelopment Agency Minutes 3 May 1, 2001
DEPARTMENT REPORTS - None
CHAIR AND BOARD MEMBERS' ITEMS - None
PUBLIC HEARINGS - None
ADJOURNMENT
There being no further business, it was moved by Board Members Adolph/PeRa to
adjourn. Motion carried unanimously.
Respectfully submitted,
J EEK, Agency Secretary
La Quinta Redevelopment Agency