2002 03 05 RDA Redevelopment Agency Agendas are
available on the City's Web Page
@ www. la-quinta, org
Redevelopment Agency
Agenda
CITY COUNCIL CHAMBER
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
Tuesday March 5, 2002 - 2:00 P.M.
Beginning Res. No. RA 2002-06
I. CALL TO ORDER
Roll Call:
Board Members: Adolph, Pe~a, Perkins, Sniff, Chairperson Henderson
II. PUBLIC COMMENT
At this time, members of the. public may address the Redevelopment Agency on any
matter not listed on the agenda., please complete a "request to speak" form and limit
your comments to three minutes,' .~:~.,!ease watch the timing device on the podium.
II1. 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 78-120 CALEO BAY DRIVE. PROPERTY OWNER/NEGOTIATOR: GIOVANNI
GIAMMARCO.
RDA Agenda March 5, 2002
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 EAST OF MONROE STREET AND NORTH OF AVENUE 58. PROPERTY
OWNER/NEGOTIATOR: SUSAN HARVEY
NOTE: Time permitting, the Redevelopment Agency Board may conduct Closed Session
discussions during the dinner recess. In addition, when the Agency is considering
acquisition of property, persons identified as negotiating parties are not invited into the
Closed Session Meeting.
RECONVENE AT 3:00 PM
IV. PUBLIC COMMENT
At this time members of the public may address the Agency Board on items that appear
within the Consent Calendar or matters that are not listed on the agenda. Please
complete a "request to speak" form and limit your comments to three minutes.
When you are called to speak, please come forward and state your name for the
record. Please watch the timing device on the podium.
For all Agency Business Session matters or Public Hearings on the agenda, a completed
"request to speak" form must be filed with the City Clerk prior to the Agency beginning
consideration of that item.
V. CONFIRMATION OF AGENDA
VI. APPROVAL OF MINUTES
1. MINUTES OF THE MEETING OF FEBRUARY 5, 2002.
VII. CONSENT CALENDAR
Note: Consent Calendar items are considered to be routine in nature and will be approved by
one motion.
1. APPROVAL OF DEMAND REGISTER DATED MARCH 5, 2002.
2. APPROVAL OF REALLOCATION OF BUDGETED HOUSING FUNDS FROM
REDEVELOPMENT PROJECT AREA NO. 1 FOR THE LA QUINTA HOUSING PROGRAM
SECOND TRUST DEED LOAN PROGRAM.
VIII. BUSINESS SESSION
1. CONSIDERATION AND AUTHORIZATION TO SEND OUT A REQUEST FOR PROPOSALS
(RFP) FOR AUDITING SERVICES AND APPOINTMENT OF A SELECTION COMMITTEE.
RDA Agenda -2- March 5, 2002
IX. PRESENTATIONS - None
X. STUDY SESSION - None
Xl. DEPARTMENT REPORTS
Xll. CHAIR AND BOARD MEMBERS' ITEMS
Xlll. PUBLIC HEARINGS
XlV. ADJOURNMENT - Adjourn to a Regular Meeting of the Redevelopment Agency to be held on
March 19, 2002, commencing with Closed Session at 2:00 P.M. in the City Council Chambers,
78-495 Calle Tampico, CA 92253.
DECLARATION OF POSTING
I, June S. Greek, City Clerk of the City of La Quinta, do hereby declare that the foregoing agenda for
the La Quinta Redevelopment Agency meeting of Tuesday, March 5, 2002, was posted on the outside
entry to the Council Chambers, 78-495 Calle Tampico and on the bulletin board at the La Quinta
Chamber of Commerce and at Stater Bros. 78-630 Highway 111, on Friday, March 1, 2002.
DATED: March 1, 2002
City Clerk, City of La Quinta, California
PUBLIC NOTICES
The La Quinta City Council Chamber is handicapped accessible. If special equipment is needed for the
hearing impaired, please call the City Clerk's Office at 777-7025, 24-hours in advance of the meeting
and accommodations will be made
RDA Agenda -3- March 5, 2002
AGENDA CATEGORY:
BUSINESS SESSION
COUNCIL/RDA MEETING DATE: MARCH 5, 2002
CONSENT CALENDAR /
ITEM TITLE:
STUDY SESSION
Demand Register Dated March 5, 2002 PUBLIC HEARING
RECOMMENDATION:
It is recommended the Redevelopment Agency Board:
Receive and File the Demand Register Dated March 5, 2002 of which $3,082,308.14
represents Redevelopment Agency Expenditures.
PLEASE SEE CONSENT CALENDAR ITEM NUMBER 1 ON CITY COUNCIL AGENDA
AGENDA CATEGORY:
BUSINESS SESSION:
COUNCIL/RDA MEETING DATE: March 5, 2002 CONSENT CALENDAR:
ITEM TITLE: STUDY SESSION:
Approval of a Reallocation of Budgeted Housing Funds
from Redevelopment Project Area No. //2 to PUBLIC HEARING:
Redevelopment Project Area No. //1 for the La Quinta
Housing Program Second Trust Deed Loan Program
RECOMMENDATION:
Approve a reallocation of FY 2001-02 budgeted Housing Funds in the amount of
$445,077 from Redevelopment Project Area No. #2 (Acct. 246-906-683-676) to
Redevelopment Project Area No. //1 (Acct. 245-903-683-676) for the La Quinta
Housing Program Second Trust Deed Loan Program.
FISCAL IMPLICATIONS:
The transfer of $445,077 from Non-Carryover Funds in Project Area No. //2 (Acct.
246-906-683-676) to Project Area No. //1 (Acct. 245-903-683-676) would result in
a revised current fiscal year budget of:
Project Area No. 1 $2,635,077
Project Area No. 2 ~ 95,800
$2,730,877
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
The FY 2001-02 budget allocated $1,500,000 in Project Area No.//1 (Acct. 245-903-
683-676) and $1,455,000 in Project Area No. //2 (Acct. 246-906-683-676) for the
La Quinta Housing Program Second Trust Deed Program. On October 16, 2001, the
Agency Board approved the transfer of $690,000 from Project Area No. 2 to Project
Area No. 1.
Project Area No. 1 has funded $1,922,118, reserved $195,000 for funding, and has
a remaining balance of $72,882. As of February 27, 2002, applications are pending
G:\WPDOCS\CC Stf Rpts\RDAHousing Realloc.wpd
even with the recent changes in the program to increase the home price, has only
funded $45,800 in assistance. There are no other applications pending in Project Area
No. 2.
Staff is requesting, because of the success of the program in Project Area No. 1, to
reallocate funds from Project Area No. 2 to Project Area No. 1.
The following chart provides the details by Project Area of the funds budgeted,
expended or encumbered, and loan requests for the Program during FY 2001-02:
Project Area No. 1
Total Budget $ 2,190,000
Already funded (37 loans) 1,922,118
Funds available 267,882
Approved loans pending $1 95,000
Other applications pending 592,105
Total funds required (15 loans) 787,105
Shortfall 51 9,223
Project Area No. 2
Total budget $540,877
Already funded (1 loan) 45,800
Funds available 495,077
Funds needed (2 loans) 50,000
Transfer amount $445,077
This transfer will permit the funding of all but two loans which will be held as
contingencies in the event one of the earlier applications is canceled.
FINDINGS AND ALTERNATIVES:
The alternatives available to the Agency Board include:
1. Approve a reallocation of FY 2001-02 budgeted Housing Funds in the amount
of $445,077 from Redevelopment Project Area No. //2 (Acct. 246-906-683-
676) to Redevelopment Project Area No. //1 (Acct. 245-903-683-676) for the
La Quinta Housing Program Second Trust Deed Loan Program; or
2. Do not approve a reallocation of FY 2001-02 budgeted Housing Funds in the
amount of $445,077 from Redevelopment Project Area No.//2 (Acct. 246-906-
683-676) to Redevelopment Project Area No.//1 (Acct. 245-903-683-676) for
the La Quinta Housing Program Second Trust Deed Loan Program; or
G:\WPDOCS\CC Stf RptsXRDAHousing Realloc.wpd
3. Provide staff with alternative direction.
Respectfully submitted,
an
rector
Approved for submission by:
/..~Thomas P. Genovese, Executive Director
O07
G:\WPDOCS\CC Stf Rpts~*,DAHousing Realloc.wpd
AGENDA CATEGORY:
BUSINESS SESSION: /
COUNCIL/RDA MEETING DATE: March 5, 2002 CONSENT CALENDAR:
ITEM TITLE: STUDY SESSION:
Consideration and Authorization PUBLIC HEARING:
to Send Out a Request for Proposals :
(RFP) for Auditing Services and
Appoint a Selection Committee
RECOMMENDATION'
It is recommended the Redevelopment Agency Board'
Provide staff with direction on proceeding with the selection process.
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA