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2001 10 02 RDA Minutes LA QUINTA REDEVELOPMENT AGENCY MINUTES OCTOBER 2, 2001 A regular meeting of the La Quinta Redevelopment Agency was called to order by Chairperson Henderson. PRESENT: Board Members Adolph, Perkins, Sniff, Chairperson Henderson ABSENT: Board Member PeRa MOTION -It was moved by Board Members Sniff/Adolph to excuse Board Member Pe~a. Motion carried unanimously. PUBLIC COMMENT- None CLOSED SESSION 1. 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 at the northwest corner of Jefferson Street and Avenue 48 regarding an Affordable Housing Agreement. Property Owner/Negotiator: DC & TC LLC - Michael Shovlin. The Agency recessed to Closed Session to and until the hour of 3:00 pm. 3:00 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 CONFIRMATION OF AGENDA- Confirmed Redevelopment Agency Minutes 2 October 2, 2001 APPROVAL OF MINUTES MOTION -It was moved by Board Members Sniff/Adolph to approve the Minutes of September 1 3, 2001, as submitted. Motion carried unanimously with Board Member Pe~a ABSENT. MOTION - It was moved by Board Members Adolph/Sniff to approve the Minutes of September 18, 2001, as submitted. Motion carried unanimously with Board Member Pe~a ABSENT. CONSENT CALENDAR 1. APPROVAL OF DEMAND REGISTER DATED OCTOBER 2, 2001. MOTION -It was moved by Board Members Sniff/Adolph to approve the Consent Calendar as recommended. Motion carried unanimously with Board Member Pe~a ABSENT. BUSINESS SESSION 1. CONSIDERATION OF INSURANCE REQUIREMENT FOR THE LA QUINTA HISTORICAL SOCIETY. Community Services Director Horvitz presented the staff report. In response to Board Member Adolph, Ms. Horvitz advised loaned exhibits are between the Historical Society and the owner of the exhibit. Agency Counsel Jenson clarified neither the Historical Society or loaner of the exhibit will be required to provide insurance if the exhibit insurance requirement is deleted from the agreement. Joe Irwin, of the La Quinta Historical Society, advised they accept very few exhibits on loan and would have to deal with each case individually. In response to Chairperson Henderson, Mr. Irwin advised the broker insists on formal appraisals and will not accept blanket insurance policies. MOTION -It was moved by Board Members Sniff/Adolph to authorize the addendum to the Operating and Use Agreement between the La Quinta Redevelopment Agency Minutes 3 October 2, 2001 2. CONSIDERATION OF A "RESOLUTION OF INDUCEMENT" TO FACILITATE THE APPLICATION BY DC & TC LLC FOR 4% LOW AND MODERATE-INCOME HOUSING TAX CREDITS TO DEVELOP AN AFFORDABLE SENIOR CITIZEN RENTAL APARTMENT PROJECT AT THE NORTHWEST CORNER OF JEFFERSON STREET AND AVENUE 48, AND PERTAINING TO THE AGENCY'S PROVISION OF ADDITIONAL FINANCIAL ASSISTANCE TO THE PROJECT. Consultant Frank Spevacek, of RSG, presented the staff report and in response to Board Member Adolph, confirmed $80,508 per unit is the maximum amount. RESOLUTION NO. 2001-05 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LA QUINTA, CALIFORNIA, INDUCING THE DEVELOPER TO UNDERTAKE THE ACQUISITION AND DEVELOPMENT OF THE PROJECT AS HEREIN DESCRIBED, AUTHORIZING APPLICATION TO THE CALIFORNIA DEBT LIMITATION ALLOCATION COMMITTEE FOR ISSUANCE OF PRIVATE ACTIVITY BONDS FOR THE PROJECT, DECLARING THE AGENCY'S OFFICIAL INTENT TO REIMBURSE CERTAIN EXPENDITURES FROM THE PROCEEDS OF INDEBTEDNESS, AND CONFIRMING THE AGENCY'S APPROVAL OF THE PROJECT. It was moved by Board Members Sniff/Adolph to adopt Resolution No. 2001-05 as submitted. Motion carried unanimously with Board Member Pe~a ABSENT. 3. CONSIDERATION OF AN APPROVAL TO ALLOW THE DISTRIBUTION OF A REQUEST FOR PROPOSALS FOR REAL PROPERTY MANAGEMENT SERVICES FOR THE LA QUINTA HOUSING PROGRAM. Community Development Director Herman presented the staff report. MOTION -It was moved Board Members Adolph/Perkins to' approve a Request for Proposals (RFP) to solicit bids for property management services for the 45 single family rental properties in the La Quinta Rental Housing Program; authorize transmittal to qualified property management firms; and appoint a Consultant Selection Committee (Assistant City Manager, Community Development Director, Finance Director, and RDA Consultants Frank Spevacek and Nancy Madrid) to review the responses, interview selected candidates, and provide the Agency with a recommendation. Motion carried unanimously with Board Member Pe~a ABSENT. Redevelopment Agency Minutes 4 October 2, 2001 STUDY SESSION - None 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/Perkins to adjourn. Motion carried unanimously. Respectfully submitted, JUNE S. GREEK, Agency Secretary La Quinta Redevelopment Agency