2002 02 19 RDA Minutes LA QUINTA REDEVELOPMENT AGENCY
MINUTES
FEBRUARY 19, 2002
A regular meeting of the La Quinta Redevelopment Agency was called to order by
Chairperson Henderson.
PRESENT: Board Members Adolph, Pe~a, 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 east of Madison Street
between Avenue 58 and Avenue 60. Property Owner/Negotiator: Winchester
Development; and real property located west of Madison Street between
Avenue 60 and Avenue 62. Property Owner/Negotiator: Davis Capital
Management; and real property generally located on the west side of Jefferson
Street south of Avenue 52. Property Owner/Negotiator: KSL.
2. 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 southeast corner
of Calle Tampico and Eisenhower Drive. Property Owner/Negotiator: Rael
Development Corporation.
3. 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 at 78-'120 Caleo Bay
Drive. Property Owner/Negotiator: Tim Ellis.
The Agency recessed to Closed Session to and until the hour of 7:00 pm.
7:00 P.M.
PUBLIC COMMENT- None
Redevelopment Agency Minutes 2 February 19, 2002
PUBLIC HEARINGS
JOINT PUBLIC HEARING WITH THE LA QUINTA CITY COUNCIL
1. JOINT PUBLIC HEARING BY AND BETWEEN THE LA QUINTA
REDEVELOPMENT AGENCY AND CITY COUNCIL TO CONSIDER AN
AMENDMENT TO THE AFFORDABLE HOUSING AGREEMENT BY AND
BETWEEN THE LA QUINTA REDEVELOPMENT AGENCY AND DC & TC LLC,
AND TO CONSIDER THE ISSUANCE OF UP TO $8,000,000 OF MULTI-FAMILY
HOUSING REVENUE BONDS THAT FACILITATE DEVELOPMENT OF A 118-
UNIT SENIOR APARTMENT COMPLEX AS PART OF THE MIRAFLORES
NEIGHBORHOOD LOCATED NORTHWEST OF THE JEFFERSON STREET AND
AVENUE 48 INTERSECTION.
The Chairperson declared the PUBLIC HEARING OPEN at 8:17 p.m.
Community Development Director Herman presented the staff report.
In response to Board Member Adolph, Frank Spevacek, of Rosenow, Spevacek
Group, referenced the number of units sold to date without any major problems.
He understood the issue related to the resident who did not qualify for the
moderate-income housing assistance program has been resolved by the
developer agreeing to sell the home at the contract price but without any
affordable housing assistance. As for Ms. Money's problem, he will meet
tomorrow with Michael Shovlin to discuss that matter.
In response to Chairperson Henderson, Mr. Spevacek explained the $80,508
figure on Page 3 is the Agency assistance amount, not the full value.
There being no other requests to speak, the Chairperson declared the PUBLIC
HEARING CLOSED at 8:24 p.m.
RESOLUTION NO. RA 2002-02
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY OF THE CITY
OF LA QUINTA, CALIFORNIA, APPROVING AMENDMENT NO. I TO THE
AFFORDABLE HOUSING AGREEMENT BETWEEN THE AGENCY AND
MIRAFLORES, L.P.
It was moved by Board Members Sniff/Adolph to adopt Resolution No.
RA 2002-02 as submitted. Motion carried unanimously.
Redevelopment Agency Minutes 3 February 19, 2002
RESOLUTION NO. RA 2002-03
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY OF THE CITY
OF LA QUINTA, CALIFORNIA, APPROVING AND AUTHORIZING THE
ISSUANCE, SALE, AND DELIVERY OF NOT TO EXCEED $5,000,000 MULTI-
FAMILY HOUSING REVENUE BONDS, (MIRAFLORES PROJECT) 2002 SERIES
A; AUTHORIZING THE EXECUTION AND DELIVERY OF AN INDENTURE OF
TRUST, REGULATORY AGREEMENT, FINANCING AGREEMENT, OTHER
AGREEMENTS, OFFICIAL STATEMENT, BOND PURCHASE AGREEMENT, AND
ALL NECESSARY AND RELATED DOCUMENTS AND ACTIONS IN
CONNECTION WITH THE AUTHORIZATION, ISSUANCE, SALE, AND DELIVERY
OF THE BONDS.
It was moved by Board Members Adolph/Sniff to adopt Resolution No.
RA 2002-03 as submitted. Motion carried unanimously.
RESOLUTION NO. RA 2002-04
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY OF THE CITY
OF LA QUINTA, CALIFORNIA, APPROVING AND AUTHORIZING THE
ISSUANCE, SALE, AND DELIVERY OF NOT TO EXCEED $3,000,000 MULTI-
FAMILY HOUSING REVENUE BONDS, (MIRAFLORES PROJECT) 2002 SERIES
B; AUTHORIZING THE EXECUTION AND DELIVERY OF AN INDENTURE OF
TRUST, REGULATORY AGREEMENT, FINANCING AGREEMENT, OTHER
AGREEMENTS, OFFICIAL STATEMENT, BOND PURCHASE AGREEMENT, AND
ALL NECESSARY AND RELATED DOCUMENTS AND ACTIONS IN
CONNECTION WITH THE AUTHORIZATION, ISSUANCE, SALE, AND DELIVERY
OF THE BONDS.
It was moved by Board Members Sniff/Adolph to adopt Resolution No.
RA 2002-04 as submitted. Motion carried unanimously.
MOTION -It was moved by Board Members Sniff/Adolph to appropriate $1.95
million from Project Area No. 1 and Project Area No. 2 Housing and Bond funds
unallocated reserves and transfer from existing line items $1.55 million for a
total of $3.5 million toward the multi-family project. Motion carried
unanimously.
CONFIRMATION OF AGENDA- Confirmed
Redevelopment Agency Minutes 4 February 19, 2002
APPROVAL OF MINUTES
MOTION - It was moved by Board Members Sniff/Adolph to approve the Minutes of
February 5, 2002, as submitted. Motion carried unanimously.
CONSENT CALENDAR
1. APPROVAL OF DEMAND REGISTER DATED FEBRUARY 19, 2002.
2. TRANSMITTAL OF TREASURER'S REPORT DATED DECEMBER 31, 2001.
3. TRANSMITTAL OF REVENUE AND EXPENDITURES REPORT DATED DECEMBER
31, 2001.
4. ACCEPTANCE OF ASSESSMENT/SEWER HOOK-UP FEE SUBSIDY PROGRAM -
PROJECT 2001-03 AND AUTHORIZATION FOR THE CITY CLERK TO RECORD
THE NOTICE OF COMPLETION.
5. APPROVAL OF CONTRACT AMENDMENT NO. 2 TO BERGH AND ASSOCIATES
FOR CONSTRUCTION MANAGEMENT SERVICES ASSOCIATED WITH
ASSESSMENT DISTRICT 2000-01, PROJECT 98-19, AREAS A, B, C, D, AND
PROTOTYPICAL STREET.
6. APPROVAL OF THE USE OF FUNDS FROM LA QUINTA REDEVELOPMENT
PROJECT AREA NO. I FOR PHASE 1 JEFFERSON STREET IMPROVEMENTS
PROJECT WITHIN LA QUINTA REDEVELOPMENT PROJECT AREA NO. 2 AND
ADOPT A RESOLUTION MAKING FINDINGS PURSUANT TO HEALTH AND
SAFETY CODE 33445. (RESOLUTION NO. RA 2002-05)
MOTION - It was moved by Board Members Sniff/Adolph to approve the
Consent Calendar as recommended with Item No. 6 being approved by
RESOLUTION NO. RA 2002-05. Motion carried unanimously.
BUSINESS SESSION - None
STUDY SESSION - None
DEPARTMENT REPORTS - None
Redevelopment Agency Minutes 5 February 1 9, 2002
CHAIR AND BOARD MEMBERS' ITEMS - None
The Agency recessed to Closed Session as delineated on Page 1.
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).
ADJOURNMENT
There being no further business the meeting was adjourned.
Respectfully submitted,
JUNE S. GREEK, Agency Secretary
La Quinta Redevelopment Agency