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2003 03 04 RDA Minutes LA QUINTA REDEVELOPMENT AGENCY MINUTES MARCH 4, 2003 A regular meeting of the La Quinta Redevelopment Agency was called to order by Chairperson Henderson. PRESENT: Board Members Adolph, Osborne, 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 Whitewater Channel (APN: 604-040-012/013 and 604-040-0221023). Property Owner/ Negotiator: Richard Oliphant, California Intelligent Communities, LLC. 2. 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 south of Avenue 52, west of the All American Canal (APN: 770-260-017, 772-290-006, and 772-310-002/003). Property Owner/Negotiator: Chevis Hosea, KSL Desert Resorts, Inc. 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 at the southwest corner of Highway 111 and Washington Street (APN: 604-050-005/016). Property Owner/Negotiator: M/H Realty Partners II, LP. The Agency recessed to Closed Session to and until the hour of 3:00 pm. 3:00 P.M. PUBLIC COMMENT - None Redevelopment Agency Minutes 2 March 4, 2003 CONFIRMATION OF AGENDA - Confirmed APPROVAL OF MINUTES MOTION - It was moved by Board Members Sniff/Adolph to approve the Minutes of February 18, 2003, as submitted. Motion carried unanimously. CONSENT CALENDAR 1. APPROVAL OF DEMAND REGISTER DATED MARCH 4, 2003. MOTION -It was moved by Board Members Sniff/Adolph to approve the Consent Calendar as recommended. Motion carried unanimously. BUSINESS SESSION 1. CONSIDERATION OF AN APPROPRIATION OF UP TO $220,000 FROM PROJECT AREA NO. I LOW/MOD INCOME HOUSING FUND TO ACQUIRE A SINGLE FAMILY HOME LOCATED AT 53-625 AVENIDA NAVARRO. Community Development Director Herman presented the staff report. Board Member Sniff suggested future reports include photographs of the houses. Board Member Osborne questioned the expenditure amount to keep the property in the affordable housing program and to protect a $50,000 second-trust deed. Mr. Herman explained the purpose is to meet State mandates for the affordable housing program. If this property is lost, the Agency will have to purchase another property at a cost of $180,000-$200,000 and then pay another $75,000 to put a Quiet Second on it. He noted this is not a cost-effective program but rather a State-mandated program. Board Member Osborne asked if the Agency is likely to have a number of affordable housing properties in this situation each year. Mr. Herman advised the Agency lost one property last year because it was out bid at the sale. Redevelopment Agency Minutes 3 March 4, 2003 Executive Director Genovese confirmed there is potential for this process happening for up to five units a year as more units are acquired. However, as prices stabilize in the Cove, it will not have the same magnitude and effect that it has today. Board Member Osborne stated he hopes the Agency can change the manner in which it fills these numbers in the future. Mr. Herman stated the City is running out of developable land where people are not opposed to affordable housing. Staff will be coming back in the future with some opportunities to acquire additional affordable housing units. MOTION - It was moved by Board Members Sniff/Adolph to approve the acquisition of property located at 53-625 Avenida Navarro, authorize the Executive Director to appropriate the funds necessary to acquire, rehabilitate, and resell the property to another Iow-income household, and authorize RSG to act on the Agency's behalf at the sale. Motion carried with Board Member Osborne voting NO. 2. CONSIDERATION OF AN APPROPRIATION OF UP TO $60,000 FROM PROJECT AREA NO. 1 LOW/MOD INCOME HOUSING FUND TO ACQUIRE A SINGLE FAMILY HOME LOCATED AT 52-125 AVENIDA RUBIO. Community Development Director Herman presented the staff report. Board Member Osborne stated he has the same concerns as with Business Item No. 1. Chairperson Henderson noted the Agency is enhancing the community by rehabilitating these units. MOTION - It was moved by Board Members Sniff/Adolph to approve the acquisition of property located at 52-125 Avenida Rubio, authorize the Executive Director to appropriate the funds necessary to acquire, rehabilitate, and resell the property to another Iow-income household, and aL, thorize RSG to act on the Agency's behalf at the sale. Motion carried with Board Member Osborne voting NO. STUDY SESSION - None Redevelopment Agency Minutes 4 March 4, 2003 CHAIR AND BOARD MEMBERS' ITEMS - None The Agency recessed to Closed Session as delineated on Page I and to and until 7:00 p.m. 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 HEARINGS - None ADJOURNMENT There being no further business, it was moved by Board Members Sniff/Adolph to adjourn. Motion carried unanimously. Respectfully submitted, JUNE S. GREEK, Agency Secretary La Quinta Redevelopment Agency