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2002 11 19 RDA Minutes LA QUINTA REDEVELOPMENT AGENCY MINUTES NOVEMBER 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 Board Member Pe~a abstained from participating in Item No. 4 due to a potential conflict of interest. 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 at the northwest corner of Avenue 52 and Jefferson Street (APN 772-220-007). Property Owner/Negotiator: Susan Harvey. 2. Conference with Agency's real property negotiator, Mark Weiss, pursuant to Government Code Section 54956.8 concerning potential terms of acquisition and/or disposition of real property located on the north side of Calle Tampico, west of Desert Club Drive, Embassy Suites (Tentative Parcel Map 29909, Parcel 8). Property Owner/Negotiator: Danny Brown, Bison Hotel Group. 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 southeast of the Miles Avenue and Washington Street intersection and north of the Whitewater Channel (APNs 604-040-012, 013 and 604-040-022, 023. Property Owner/Negotiator: Richard Oliphant, California Intelligent Communities, LLC. 4. 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 a 20-foot wide easement running east/west and generally located between Avenida Bermudas and Desert Club Drive, north of Avenida La Fonda, and south of Calle Tampico. Property Owner/Negotiator: La Quinta Arts Foundation. Redevelopment Agency Minutes 2 November 19, 2002 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 CONFIRMATION OF AGENDA - Confirmed APPROVAL OF MINUTES MOTION - It was moved by Board Members Pe~a/Sniff to approve the Minutes of November 5, 2002, as submitted. Motion carried unanimously. CONSENT CALENDAR 1. APPROVAL OF DEMAND REGISTER DATED NOVEMBER 19, 2002. 2. TRANSMITTAL OF TREASURER'S REPORT AS OF SEPTEMBER 30, 2002. 3. TRANSMITTAL OF REVENUE & EXPENDITURES REPORT DATED SEPTEMBER 30, 2002. 4. APPROVAL OF THE SEPARATELY-ISSUED LA QUINTA REDEVELOPMENT AGENCY ANNUAL AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2002. 5. APPROVAL OF AMENDMENT NO. 1 TO THE EARLY ENTRY AGREEMENT WITH CALIFORNIA INTELLIGENT COMMUNITIES, LLC. MOTION - It was moved by Board Members Sniff/Adolph to approve the Consent Calendar as recommended. Motion carried unanimously. Redevelopment Agency Minutes 3 November 19, 2002 BUSINESS SESSION 1, CONSIDERATION OF THE COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2002. MOTION - It was moved by Board Members Sniff/Adolph to approve, receive, and file the Comprehensive Annual Financial Report for the year ended June 30, 2002. Motion carried unanimously. 2. CONSIDERATION OF ADOPTION OF A RESOLUTION APPROVING AN AFFORDABLE HOUSING AGREEMENT BY AND BETWEEN THE LA QUINTA REDEVELOPMENT AGENCY AND APARTMENTS AT LA QUINTA VILLAGE, L.P., FOR PROPERTY LOCATED ON THE EAST SIDE OF EISENHOWER DRIVE, NORTH OF CALLE TAMPICO, AND WEST OF AVENIDA BERMUDAS. Consultant Frank Spevacek presented the staff report. In response to Board Member Pe~a, Agency Counsel Jenson confirmed corrections have been made to the agreement but recommended legal counsel and the Executive Director be authorized to make final revisions to the document. RESOLUTION NO. RA 2002-20 A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY OF THE CITY OF LA QUINTA, CALIFORNIA, APPROVING AN AFFORDABLE HOUSING AGREEMENT BETWEEN THE AGENCY AND APARTMENTS AT LA QUINTA VILLAGE, L.P. FOR PROPERTY LOCATED ON THE EAST SIDE OF EISENHOWER DRIVE, NORTH OF CALLE TAMPICO, AND WEST OF AVENIDA BERMUDAS. It was moved by Board Members Sniff/Adolph to adopt Resolution No. RA 2002-20, subject to final review and revision by Agency counsel and the Executive Director, and to authorize the Agency Chair and Executive Director to execute the necessary documents to fund up to $3,000,000 in expenditures from the Project Area No. 1 Low and Moderate-Income Housing Accounts, re- appropriate $500,000 from Project Area No. 1 Low and Moderate-Income Housing Account 245-903-683-675, appropriate $675,000 from Project Area No. 1 Low and Moderate-Income Housing Account 245-000-300-290 fund balances, approve the transfer of $1,825,000 from the Project Area No. 2 Low and Moderate-Income Housing Account funds, re-appropriate $1,000,000 from Project Area No. 2 Low and Moderate-Income Housing Account 246-906-684- 000, and appropriate $825,000 from Project Area No. 2 Low and Moderate- Income Housing Account 246-000-300-290 fund balances. Motion carried unanimously. Redevelopment Agency Minutes 4 November 1 9, 2002 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 Sniff/Pe~a to adjourn. Motion carried unanimously. Respectfully submitted, JUNE S. GREEK, Agency Secretary La Quinta Redevelopment Agency