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2004 06 15 RDAI � el a 4e 44 Redevelopment Agency Agendas are Available on the City's Web Page @ www.la-quinta.org REDEVELOPMENT AGENCY AGENDA CITY COUNCIL CHAMBERS 78-495 Calle Tampico La Quinta, California 92253 Regular Meeting Tuesday, June 15, 2004 - 2:00 P.M. Beginning Resolution No. RA 2004-011 CALL TO ORDER Roll Call: Agency Board Members: Adolph, Osborne, Perkins, Sniff, and Chairperson Henderson 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. Please watch the timing device on the podium. CLOSED SESSION NOTE: Time permitting, the Redevelopment Agency Board may conduct Closed Session discussions during the dinner recess. In addition, persons identified as negotiating parties are not invited into the Closed Session meeting when the Agency is considering acquisition of real property. 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 Redevelopment Agency Agenda June 15, 2004 PROPERTY LOCATED EAST OF DUNE PALMS ROAD AND 650 FEET SOUTH OF HIGHWAY 1 1 1, WHICH INCLUDES OR IS A PORTION OF APNs: 649-030-016, -017, AND -040, FOR AN AFFORDABLE HOUSING AGREEMENT. PROPERTY OWNER/NEGOTIATOR: DOUGLAS P. BIGLEY; URBAN PROPERTY COMMUNITIES. 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 AT THE NORTHWEST CORNER OF AVENUE 48 AND DUNE PALMS ROAD (APN: 649-303-034). PROPERTY OWNER/NEGOTIATOR: STAN ROTHBART. RECONVENE AT 3:00 P.M. 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 should be filed with the City Clerk prior to the Agency beginning consideration of that item. CONFIRMATION OF AGENDA APPROVAL OF MINUTES 1. APPROVAL OF MINUTES OF JUNE 1, 2004 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 JUNE 15, 2004. 2. TRANSMITTAL OF TREASURER'S REPORT DATED APRIL 30, 2004. 3. TRANSMITTAL OF REVENUE & EXPENDITURES REPORT DATED APRIL 30, 2004. Redevelopment Agency Agenda 2 June 15, 2004 4. APPROVAL OF AMENDED AGREEMENT FOR LEGAL SERVICES WITH RUTAN AND TUCKER, LLP. 5. APPROVAL OF PLANS, SPECIFICATIONS, AND ENGINEER'S ESTIMATE AND AUTHORIZATION TO ADVERTISE FOR BID THE SILVERROCK RESORT TEMPORARY CLUB HOUSE, PROJECT 2002-7H. 6. APPROVAL OF CONTRACT CHANGE ORDER NOS. 4 AND 5, TO WOOD BROS., INC. FOR SILVERROCK RESORT HOTEL PADS AND ADDITIONAL WORK AROUND A VERIZON TELEPHONE FACILITY, PROJECT NO. 2002-02B, MASS GRADING. 7. APPROVAL OF A LOAN AGREEMENT BETWEEN THE LA QUINTA REDEVELOPMENT AGENCY AND THE CITY OF LA QUINTA FOR A LOAN OF UP TO $5,800,000, AND APPROPRIATION OF $5,800,000 FROM THE LA QUINTA REDEVELOPMENT PROJECT NO. 2 CAPITAL PROJECTS FUND AND $8,720,000 FROM THE PROCEEDS OF THE SUPPLEMENTAL LOAN AGREEMENT BETWEEN THE LA QUINTA FINANCING AUTHORITY AND THE LA QUINTA REDEVELOPMENT AGENCY FOR THE ACQUISITION OF CERTAIN REAL PROPERTY LOCATED AT THE NORTHWEST CORNER OF DUNE PALMS ROAD AND AVENUE 48. 8. APPROVAL TO AWARD A CONTRACT TO DAVIS/REED CONSTRUCTION TO CONSTRUCT THE SILVERROCK RESORT MAINTENANCE BUILDING, COMFORT STATIONS AND PUMP HOUSE, PROJECT NO. 2002-7D. BUSINESS SESSION 1. CONSIDERATION OF A RESOLUTION ADOPTING THE INVESTMENT POLICY OF THE CITY OF LA QUINTA FOR FISCAL YEAR 2004/2005. A. RESOLUTION ACTION 2. CONSIDERATION OF BRAND PROMISE FOR SILVERROCK RESORT. A. MINUTE ORDER ACTION STUDY SESSION - NONE CHAIR AND BOARD MEMBERS' ITEMS - NONE PUBLIC HEARINGS - NONE Redevelopment Agency Agenda 3 June 15, 2004 ADJOURNMENT Adjourn to a Special Meeting of the Redevelopment Agency to be held on June 18, 2004, at 10:00 a.m. in the City Council Chambers, 78-495 Calle Tampico, La Quinta, 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, June 15, 2004, was posted on the outside entry to the Council Chamber, 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, June 11, 2004. DATED: June 11, 2004 1 �R JUNE S. GREEK, CIVIC City Clerk City of La Quinta, California Redevelopment Agency Agenda 4 June 15, 2004 COUNCEURDA MEETING DATE: JUNE 15, 2004 ITEM TITLE: Demand Register Dated June 15, 2004 RECOMMENDATION: It is recommended the Redevelopment Agency Board: AGENDA CATEGORY: BUSINESS SESSION CONSENT CALENDAR STUDY SESSION PUBLIC HEARING Receive and File the Demand Register Dated June 15, 2004 of which $2,012,902.82 represents Redevelopment Agency Expenditures. PLEASE SEE CONSENT CALENDAR ITEM NUMBER 1 ON CITY COUNCIL AGENDA Incovaam 4 M G5 C�At OFF AGENDA CATEGORY: COUNCIL/RDA MEETING DATE: June 15, 2004 ITEM TITLE: Transmittal of Treasurer's Report as of April 30, 2004 RECOMMENDATION: It is recommended the Redevelopment Agency Board: Receive and file. BUSINESS SESSION: CONSENT CALENDAR: -- STUDY SESSION: PUBLIC HEARING: PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA COUNCIL/RDA MEETING DATE: June 15, 2004 Transmittal of Revenue and Expenditure Report for April 30, 2004 RECOMMENDATION: Receive and File BACKGROUND AND OVERVIEW: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: 3 STUDY SESSION: PUBLIC HEARING: Transmittal of the Statement of Revenue and Expenditures for April 30, 2004 for the La Quinta Redevelopment Agency. Resctfully su mit ed, John M. Falc ner, Financ e Director p v for submissi b Thomas P. Genovese, Executive Director Attachments: 1. Revenue and Expenditures for April 30, 2004 LA QUINTA REDEVELOPMENT AGENCY REVENUE SUMMARY PROJECT AREA NO. 1: DEBT SERVICE FUND: Tax Increment Allocated Interest Non Allocated Interest Interst - County Loan Interest Advance Proceeds Transfers in TOTAL DEBT SERVICE CAPITAL IMPROVEMENT FUND - NON-TAXABLE Pooled Cash Allocated Interest REMAINING % BUDGET RECEIVED BUDGET RECEIVED 23,134,787.00 11,977,735.63 11,157,051.37 51.770% 66,000.00 109,096.29 (43,096.29) 165.300% 0.00 784.41 (784.41) 0.000% 0.00 0.00 0.00 0.000% 967,182.00 0.00 967,182.00 0.000% 1,731,455.00 1,731,455.00 0.00 100.000% 25,899,424.00 13,819,071.33 12,080,352.67 53.360% 0.00 191,923.83 (191,923.83) 0.000% Non Allocated Interest 437,100.00 254,771.80 182,328.20 58.290% Litigation Settlement Revenue 0.00 0.00 0.00 0.000% Loan Proceeds 0.00 0.00 0.00 0.000% Rental Income 4,530.00 6,794.40 (2,264.40) 149.990% Transfers In 0.00 0.00 0.00 0.000% TOTAL CAPITAL IMPROVEMENT 441,630.00 453,490.03 (11,860.03) 102.690% CAPITAL IMPROVEMENT FUND - TAXABLE Pooled Cash Allocated Interest Non Allocated Interest Litigation Settlement Revenue Bond proceeds Rental Income Transfers In TOTAL CAPITAL IMPROVEMENT LOW/MODERATE TAX FUND: Tax Increment Allocated Interest Non Allocated Interest Miscellaneous revenue Non Allocated Interest LQRP-Rent Revenue Home Sales Proceeds Sale of Land Sewer Subsidy Reimbursements Rehabilitation Loan Repayments 2nd Trust Deed Repayment Transfer In TOTAL LOW/MOD TAX LOW/MODERATE BOND FUND: Allocated Interest Home Sale Proceeds Non Allocated Interest Transfer In TOTAL LOW/MOD BOND 0.00 (262.86) 262.86 0.000% 0.00 56,357.04 (56,357.04) 0.000% 0.00 0.00 0.00 0.000% 26,400,000.00 26,400,000.00 0.00 100.000% 0.00 0.00 0.00 0.000% 0.00 0.00 0.00 0.000% 26,400,000.00 26,456,094.18 (56,094.18) 100.210% 5,783,697.00 2,994,433.96 2,789,263.04 51.770% 4,400.00 5,967.74 (1,567.74) 135.630% 0.00 0.00 0.00 0.000% 0.00, 0.00 0.00 0.000% 0.00 0.00 0.00 0.000% 341,000.00 306,172.48 34,827.52 89.790% 150,000.00 215,820.56 (65,820.56) 143.880% 0.00 0.00 0.00 0.000% 0.00 128,174.63 (128,174.63) 0.000% 0.00 3,929.15 (3,929.15) 0.000% 0.00 396,047.58 (396,047.58) 0.000% 0.00 0.00 0.00 0.000% 6,279,097.00 4,050,546.10 2,228,550.90 64.510% 0.00 0.00 0.00 0.000% 0.00 0.00 0.00 0.000% 0.00 0.00 0.00 0.000% 0.00 0.00 0.00 0.000% 0.00 0.00 0.00 0.000% 2 LA QUINTA REDEVELOPMENT AGENCY 07/01/2003 - 4130/04 REMAINING EXPENDITURE SUMMARY BUDGET EXPENDITURES ENCUMBERED BUDGET PROJECT AREA NO, 1: DEBT SERVICE FUND: SERVICES 394,585.00 355,986.74 0.00 38,598.26 BOND PRINCIPAL 2,208,831.00 2,208,831.00 0.00 0.00 BOND INTEREST 8,060,234.00 8,060,234.64 0.00 (0.64) INTEREST CITY ADVANCE 967,182.00 805,985.00 0.00 161,197.00 PASS THROUGH PAYMENTS 11,011,803.00 5,861,839.55 0.00 5,149,963.45 ERAF SHIFT 1,467,995.00 1,467,995.00 0.00 0.00 TRANSFERS OUT 0.00 0.00 0.00 0.00 TOTAL DEBT SERVICE 24,110,630.00 18,760,871.93 0.00 5,349,758.07 CAPITAL IMPROVEMENT FUND: PERSONNEL 4,900.00 9,459.99 0.00 (4,559.99) SERVICES 99,619.00 121,122.41 0.00 (21,503.41) LAND ACQUISITION 307,300.00 292,410.55 0.00 14,889.45 ASSESSMENT DISTRICT 0.00 0.00 0.00 0.00 ADVERTISING -ECONOMIC DEV 16,700.00 25,758.55 0.00 (9,058.55) ECONOMIC DEVELOPMENT 187,000.00 131,138.73 0.00 55,861.27 BOND ISSUANCE COSTS 0.00 0.00 0.00 0.00 CAPITAL - BUILDING 0.00 0.00 0.00 0.00 REIMBURSEMENT TO GEN FUND 1,225,208.00 1,021,005.00 0.00 204,203.00 TRANSFERS OUT 27,628,079.00 11,907,075.52 0.00 39,535,154.52 TOTAL CAPITAL IMPROVEMENT 29,468,806.00 10, ,180.29 .00 39,774,986.29 CAPITAL IMPROVEMENT FUNDITAXABLE BOND BOND ISSUANCE COSTS 955,822.00 949,968.12 0.00 5,853.88 TRANSFERS OUT 25,444,178.00 15,548,641.97 0.00 9,895,636.03 TOTAL CAPITAL IMPROVEMENT 26,400,000. 16,4 ,510.09 0.00 9,901,489.91 LOWIMODERATE TAX FUND: PERSONNEL 4,900.00 9,459.99 0.00 (4,559.99) SERVICES 250,497.00 213,576.45 0.00 36,920.55 BUILDING HORIZONS 210,000.00 0.00 0.00 210,000.00 LQ RENTAL PROGRAM 150,000.00 162,490.51 0.00 (12,490.51) LQ HOUSING PROGRAM 1,509,196.00 1,140,956.00 0.00 368,240.00 LOWMOD VILLAGE APARTMENTS 2,350,000.00 0.00 0.00 2,350,000.00 LQRP - REHABILITATION 426,411.00 0.00 0.00 426,411.00 APT REHABILITATION 350,000.00 0.00 0.00 350,000.00 FORECLOSURE ACQUISITION 220,000.00 220,000.00 0.00 0.00 REIMBURSEMENT TO GEN FUND 82,595.00 68,829.20 0.00 13,765.80 TRANSFERS OUT 3,898,079.00 3,286,621.35 0.00 611,457.65 TOTAL LOWIMOD TAX 9,451,678.00 5,1 1, .50 0.00 4,34 ,744.50 LOWIMODERATE BOND FUND PERSONNEL 0.00 0.00 0.00 0.00 SERVICES 0.00 0.00 0.00 0.00 REIMBURSEMENT TO GEN FUND 0.00 0.00 0.00 0.00 HOUSING PROJECTS 0.00 0.00 0.00 0.00 TRANSFERS OUT 74,623.00 74,623.00 0.00 0.00 TOTAL LOWIMOD BOND 74,623.00 74,62 .00 0.00 0.00 K LA QUINTA REDEVELOPMENT AGENCY REVENUE SUMMARY PROJECT AREA NO.2: DEBT SERVICE FUND: Tax Increment Allocated Interest Non Allocated Interest Interest Advance Proceeds Transfer In TOTAL DEBT SERVICE CAPITAL IMPROVEMENT FUND: .Allocated Interest Non Allocated Interest Developer Agreement Transfers In TOTAL CAPITAL IMPROVEMENT LOW/MODERATE TAX FUND: Tax Increment Allocated Interest Non Allocated Interest Developer funding 2nd Trust Deed Repayment ERAF Shift - Interest Sale of Land Transfer In TOTAL LOW/MOD TAX REMAINING % BUDGET RECEIVED BUDGET RECEIVED 11,465,062.00 6,011,441.12 5,473,620.88 52.340% 0.00 39,790.25 (39,790.25) 0.000% 0.00 34.73 (34.73) 0.000% 863,674.00 0.00 863,674.00 0.000% 3,442,855.00 337,984.00 3,104,871.00 9.820% 15,791,591.00 6,389,250.10 9,402,340.90 40.460% 0.00 17,936.90 (17,936.90) 0.000% 0.00 18,457.33 (18,457.33) 0.000% 0.00 0.00 0.00 0.000% 0.00 0.00 0.00 0.000% 0.00 36,394.23 (36,394.23) 0.000% 2,871,265.00 1,502,860.28 1,368,404.72 52.340% 7,400.00 71,370.40 (63,970.40) 964.460% 20,000.00 0.00 20,000.00 0.000% 7,054,074.00 622,304.65 6,431,769.35 8.820% 0.00 55,733.59 (55,733.59) 0.000% 0.00 0.00 0.00 0.000% 0.00 108,570.08 (108,570.08) 0.000% 0.00 0.00 0.00 0.000% 9,952,739.00 2,360,839.00 7,591,900.00 23.720% LOW/MODERATE BOND FUND: Allocated Interest 0.00 0.00 0.00 0.000% Non Allocated Interest 400,000.00 0.00 400,000.00 0.000% Bond proceeds (net) 39,150,000.00 0.00 39,150,000.00 0.000% Transfer In 0.00 0.00 0.00 0.000% TOTAL LOW/MOD BOND 39,550,000.00 0.00 39,550,000.00 0.000% 4 LA QUINTA REDEVELOPMENT AGENCY 07101/2003.4130/04 REMAINING EXPENDITURE SUMMARY BUDGET EXPENDITURES ENCUMBERED BUDGET PROJECT AREA NO.2: DEBT SERVICE FUND: SERVICES 229,013.00 167,988.69 0.00 61,024.31 BOND PRINCIPAL 176,169.00 176,169.00 0.00 0.00 BOND INTEREST 578,895.00 578,894.14 0.00 0.86 INTEREST CITY ADVANCE 957,800.00 798,166.66 0.00 159,633.34 INTEREST - ERAF L/MOD LOAN 0.00 0.00 0.00 0.00 PASS THROUGH PAYMENTS 9,779,225.00 4,890,112.89 0.00 4,889,112.11 TRANSFERS OUT 0.00 0.00 0.00 0.00 TOTAL DEBT SERVICE 11,721,102.00 6,611,331.3 0.00 5,1 ,7 0.62 CAPITAL IMPROVEMENT FUND: PERSONNEL 2,900.00 5,723.45 0.00 (2,823.45) SERVICES 78,544.00 93,969.02 0.00 (15,425.02) ADVERTISING -ECONOMIC DEV 0.00 8,041.13 0.00 (8,041.13) ECONOMIC DEVELOPMENT ACTIVITY 0.00 5,702.81 0.00 (5,702.81) REIMBURSEMENT TO GEN FUND 34,509.00 28,755.80 0.00 5,753.20 TRANSFERS OUT (36,670.00) (47,737.01) 0.00 11,067.01 . TOTAL CAPITAL IMPROVEMENT 79,283.00 94,455.20 0.00 (16,172.20) LOW/MODERATE TAX FUND: PERSONNEL 2,900.00 5,724.39 0.00 (2,824,39) SERVICES 127,171.00 141,063.76 0.00 (13,892.76) 2ND TRUST DEEDS 150,000.00 0.00 0.00 150,000.00 2ND TRUST DEEDS FROM CENTERPOINTE 2,520,000.00 0.00 0.00 2,520,000.00 48TH AND ADAMS - FROM CENTERPOINTE 1,423,203.00 0.00 0.00 1,423,203.00 LOW MOD HOUSING PROJECT/47TH/ADAMS PROJ 533,943.00 0.00 0.00 533,943.00 48TH/ADAMS PLANNING 480,000.00 280,000.00 0.00 200,000.00 FORECLOSURE ACQUISITION 150,000.00 0.00 0.00 150,000.00 REIMBURSEMENT TO GEN FUND 71,988.00 59,990.00 0.00 11,998.00 TRANSFERS OUT 10,131,066.00 1,393,149.00 0.00 8,737,917.00 TOTAL LOWIMOD TAX 15, 90,2 1.00 1,879,927.16 0.00 13,710,343.85 LOW/MODERATE BOND FUND 2nd TRUST DEEDS 7,000,000.00 0.00 0.00 7,000,000.00 LAND 31,000,000.00 0.00 0.00 31,000,000.00 BOND ISSUANCE COSTS 1,500,000.00 0.00 0.00 1,500,000.00 TRANSFERS OUT 50,000.00 0.00 0.00 50,000.00 TOTAL LOWIMOD BOND 39,550,000.00 0.00 0.00 9, ,000. 0 5 ti Lam w 1 MOM OF T9 COUNCIL/RDA MEETING DATE: June 15, 2004 ITEM TITLE: Approval of Amended Agreement for Legal Services with Rutan & Tucker, LLP RECOMMENDATION: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: Please see the same report under the City Council agenda. Respectfully submitted, r;4 • M. Katherine Jenson, City Attorney 7eyt- k�T Approved for submission by: Thomas P. Genovese, City Manager COUNCIL/RDA MEETING DATE: June 15, 2004 ITEM TITLE: Approval of Plans, Specifications and Engineer's Estimate and Authorization to Advertise for Bid for SilverRock Resort Temporary Clubhouse, Project 2002-07 H RECOMMENDATION: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: 5 STUDY SESSION: PUBLIC HEARING: Approve the Plans, Specifications, and Engineer's Estimate (PS&E) of probable construction costs and authorize staff to advertise for bids for the temporary clubhouse for the SilverRock Resort, Project No. 2002-07H. FISCAL IMPLICATIONS: The SilverRock Resort improvements are included within the Fiscal Year 2003/2004 Capital Improvement Program (CIP). Based upon the Engineer's estimate of probable construction costs in the amount of $650,000, the following represents the anticipated project budget: Activity Budget Construction $650,000 Inspection/Testing/Survey $6,000 Contingency - 10% $65,000 TOTAL: $721,000 CHARTER CITY IMPLICATIONS: None. BACKGROUND AND OVERVIEW: On November 18, 2003 the Redevelopment Agency approved a contract with the Dahlin Group for the design of the temporary clubhouse. At the January 6, 2004 meeting, the Agency gave the project architect direction with regards to the remodel of the existing Ahmanson Ranch house for use as a temporary clubhouse. C-9 PSE TEMP CLUBHOUSEMOC The plans, specifications and engineering estimates are now substantially complete and will be available in the Building and Safety Department for review. Assuming the City Council approves the authorization to receive bids for the aforementioned buildings on June 15, 2004, the following represents the anticipated project schedule: Approve PS&E and authorize to receive bids Bid Opening Award Construction Contract Construction Period Accept Improvements FINDINGS AND ALTERNATIVES: Alternatives available to the Agency Board include: June 15, 2004 July 14, 2004 July 20, 2004 August 2004- December 2004 January 2005 1. Approve the Plans, Specifications, and Engineer's Estimate (PS&E) of probable construction costs and authorize staff to advertise for bids for the temporary clubhouse for the SilverRock Resort, Project No. 2002-071-1; or 2. Do not approve the Plans, Specifications, and Engineer's Estimate (PS&E) and do not authorize staff to advertise for bids for the aforementioned building; or 3. Provide staff with alternative direction. Respectfully submitted, �l Tom Hartung Director of Building and Safety Approved for submission by: Thomas P. Genovese, Executive Director C-9 PSE TEMP CLUBHOUSEAOC 2 T4&f 4 SepQumrw COUNCIL/RDA MEETING DATE: June 15, 2004 ITEM TITLE: Approval of Contract Change Order Nos. 4 and 5 to Wood Bros., Inc. for SilverRock Resort Hotel Pads and Additional Work Around a Verizon Telephone Facility, Project No. 2002-07B, Mass Grading RECOMMENDATION: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: Approve Contract Change Order No. 4 in an amount not to exceed $340,200 to Wood Bros., Inc. for the SilverRock Resort Hotel pads, Project No. 2002-07B, Mass Grading and approve Contract Change Order No. 5 in an amount not to exceed $303,700 for additional work necessary to work around Verizon telephone facilities. FISCAL IMPLICATIONS: Change Order No. 4 will complete the hotel pads with the mass grading portion of the SilverRock Resort project at a cost estimated to be $340,200. To date, staff has approved $21,100 in contract change orders for this contract. Contract Change Order No. 5 is for work around a Verizon conduit, which was not relocated in time by the utility company. The cost for this work is estimated to be $303,700. Pending contract change orders for changes necessary to accommodate galleries for golf tournaments total $50,800. Therefore, the total contract amount will increase from the original contract amount of $2,665,896 to approximately $3,381,700 with all items included (Attachment 1). The exact quantities for the earthwork will be determined at the end of the project. The engineer's estimate for this contract was $3,308,730 when the project was approved for advertisement. The total amount of these change orders is $715,800. Staff recommends allocating $500,000 of the $715,800 in change orders from the Golf Course Construction contingency account and the balance of $215,800 from the General Contingency account in order to pay for these change orders. The General Contingency account has a balance of $4,772,714. Staff is also requesting the application of $470,000 toward the General Contingency account for the maintenance building which would leave a balance of .$4,086,914, if both requests are approved. S:\CityMgr\STAFF REPORTS ONLY\C 6 2002-07B.doc BACKGROUND AND OVERVIEW: On January 17, 2004, City Council awarded the SilverRock Resort Mass Grading Project to Wood Bros., Inc. in the amount of $2,665,896, and authorized the City Manager to negotiate Contract Change Orders up to $100,000 with an aggregate total of $200,000 in order to expedite construction of this project. Completion of mass grading is necessary in order for the golf course contractor, Weitz Golf, to complete construction of the golf course and grass the course by September 15, 2004. This will enable the golf course to be overseeded in time to open for play in January 2005. In order to complete grassing by this deadline, Weitz Golf must start grassing the golf course by the end of June 2004. Staff has worked with Wood Bros., Inc. in order to develop a construction schedule that stays ahead of Weitz Golf's schedule by working extended hours and Saturdays. Staff believes Wood Bros., Inc. has cooperated fully with the Agency's goal of opening Golf Course No. 1 by January 2005 by bringing additional equipment and man power on site in order to meet this very aggressive schedule. Two contract change orders are now pending that require the Agency's approval. Staff requests authority to approve these Contract Change Orders up to the stated amounts to avoid delays to the contractor while the exact amounts are determined. The first is Contract Change Order No. 4 in an amount not to exceed $340,200 in order to complete the hotel pads. Although bid as a lump sum item which included the hotel pads, the earthwork quantity of 1,999,300 cubic yards appears low by approximately 350,700 cubic yards. This additional 18% of soil is necessary due to an underestimate of the amount of shrinkage that would occur from taking the soil from the existing condition on the east side of the project to the compacted condition within the golf course envelope on the west side of the project. This is considered a changed condition warranting a contract change order. Wood Bros., Inc. has agreed to honor their bid price of $0.97 per cubic yard for the extended quantity. Staff believes this to be a very competitive price that will not likely be matched if this work is delayed. The second contract change order, Contract Change Order No. 5, is for delays and extra work required in order to avoid a Verizon telephone duct that was not relocated in time by Verizon. The cost of these delays is estimated to be $303,700. The Verizon duct contained fiber optic cable as well as a conventional wire that has recently been relocated, but impacted Wood Bros., Inc.'s work for over 27 days. The Keith Companies had been coordinating with Verizon since November 2003 to relocate their facilities. Despite reassurances from Verizon, the utility company was unable to meet the Agency's schedule. A claim against Verizon for delays to the Agency's contractor is currently under investigation by the City Attorney. 2 S:\CityMgr\STAFF REPORTS ONLY\C 6 2002-07B.doc FINDINGS AND ALTERNATIVES: The alternatives available to the Agency Board include: 1. Approve Contract Change Order No. 4 in an amount not to exceed $340,000 to Wood Bros., Inc. for the SilverRock Resort Hotel pads, Project No. 2002-07131 Mass Grading and approve Contract Change Order No. 5 in an amount not to exceed $303,700 for additional work necessary to work around Verizon telephone facilities; or 2. Do not approve Contract Change Order No. 4 in an amount not to exceed $340,200 to Wood Bros., Inc. for the SilverRock Resort Hotel pads, Project No. 2002-07B, Mass Grading and do not approve Contract Change Order No. 5 in an amount not to exceed $303,700 for additional work necessary to work around Verizon telephone facilities; or 3. Provide staff with alternative direction. Respectfully submitted, T mothytjjjon�4on, P. E.ubIic Ws D ctor/City Engineer Approved for submission y: Thomas P. Genovese, Executive Director Attachment: 1. Contract Change Order Summary 3 ATTACHMENT 1 ?- ru P,� Qu&ra cwe4ty/ 4 ZP WOOD BROS., INC. CONTRACT CHANGE ORDER SUMMARY PROJECT NO. 2002-0713, MASS GRADING ORIGINAL CONTRACT AMOUNT: APPROVED CONTRACT CHANGE ORDERS Date # Description 5/13/04 1 Nine (9) days added to contract $0.00 5/13/04 2 Revised grading Hole #7 Lake $7,500.00 5/24/04 3 _ Grading Hole #3 Berm along Avenue 52 $13,600.00 REVISED CONTRACT TOTAL: PENDING C.C.O.'S: Description $ 2,665,896.00 TOTAL = $21,100.00 Hope Classic #4 Tee $6,800.00 Hope Classic #7 Green $39,000.00 Hope Classic #8 Green $5,000.00 Additional Earth Work for Hotel Pad (300,700 cy @ 0.97/cy) $340,200.00 Verizon Estimate "Wood Bros. $303,700.00 $2,686,996.00 TOTAL = $694,700.00 PENDING CONTRACT TOTAL: $3,381,696.00 4 T:\PWDEPT\COUNCIL\2004\06-15-04\C 6 2002-07B attach.doc COUNCIL/RDA MEETING DATE: June 15, 2004 Approval of a Loan Agreement Between the La Quinta Redevelopment Agency and the City of La Quinta for a Loan of Up to $5,800,000, and Appropriation of $5,800,000 from the La Quinta Redevelopment Project No. 2 Capital Projects Fund and $8,720,000 from the Proceeds of the Supplemental Loan Agreement Between the La Quinta Financing Authority and the La Quinta Redevelopment Agency for Acquisition of Certain Real Property Located at the Northwest Corner of Dune Palms Road and Avenue 48 RECOMMENDATION: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: Approve a loan from the City of La Quinta to the La Quinta Redevelopment Agency, and appropriate $5,800,000 from the La Quinta Redevelopment Project No. 2 Capital Projects Fund and $8,720,000 from the proceeds of the Supplemental Loan Agreement between the La Quinta Financing Authority and the La Quinta Redevelopment Agency for acquisition of property located at the northwest corner of Dune Palms Road and Avenue 48. FISCAL IMPLICATIONS: This transaction will facilitate the acquisition of approximately 27.75 acres of property for affordable housing and commercial development. Property acquisition costs are anticipated to total $14,520,000. Approximately 1 1.75 acres will be sold for commercial development; sale proceeds will be used to repay the City loan. BACKGROUND AND OVERVIEW: The La Quinta Redevelopment Agency ("Agency") is purchasing approximately 27.75 acres of property to facilitate the development of affordable housing. Approximately 16 acres may be developed with housing, with the remaining 11.75 acres designated by the City's General Plan for commercial use. In order to acquire any of the property, the Agency must purchase the entire parcel. The Agency intends to sell this portion for commercial development at the prevailing market value. S:\CityMgr\STAFF REPORTS ONLY\C 21 Hammer RDA Loan.doc A combination of housing and non -housing revenue will be used to acquire this property. Proceeds from the Agency/Financing Authority Loan will be used to acquire the housing portion; however, Project Area No. 2 does not have sufficient uncommitted reserves to acquire the non -housing segment. The Agency has requested the City loan the Agency $5,800,000 to fund the non -housing land acquisition costs. Staff has prepared a Loan Agreement from the City of La Quinta to the Agency (Attachment 1). The proposed Loan has a repayment date as that of the sale o commercial property, or the expiration of the Redevelopment Plan of May 1, 2039, whichever occurs first, and an interest rate of 7%, between the City and the Agency, in an amount of $5,800,000. FINDINGS AND ALTERNATIVES: The alternatives available to the Redevelopment Agency. Board include: 1. Approve a Loan Agreement from the City of La Quinta to the La 'Quinta Redevelopment Agency, and appropriate $5,800,000 from the La Quinta Redevelopment Project No. 2 Capital Projects Fund and $8,720,000 from the proceeds of the Supplemental Loan Agreement between the La Quinta Financing Authority and the La Quinta Redevelopment Agency for acquisition of property at the northwest Corner of Dune Palms Road and Avenue 48; or 2. Do not approve a Loan Agreement from the City of La Quinta to the La Quinta Redevelopment Agency; or 3. Provide staff with alternative direction. Respectfully submitted, YU�I � John M. Falc ner, Finance Director Approved for Submission by: .mod Thomas P. Genovese, Executive Director Attachment: 1. Loan Agreement S:\CityMgr\STAFF REPORTS ONLY\C 21 Hammer RDA Loan.doc 2 ATTACHMENT 1 LOAN AGREEMENT THIS LOAN AGREEMENT ("Agreement") is made and entered into this day of 2004, by and between the CITY OF LA QUINTA, a charter city and municipal corporation ("City"), and the LA QUINTA REDEVELOPMENT AGENCY, a public body, corporate and politic ("Agency"). RECITALS A. City is a municipal corporation and a charter city of the State of California organized and existing under the Constitution of the State of California. B. Agency is a public body, corporate and politic, organized under the California Community Redevelopment Law (Health & Safety Code § 33000 et seq.). C. On or about March 1, 2004, Agency entered into an Agreement for Purchase and Sale and Escrow Instructions (the "Purchase and Sale Agreement") to purchase certain real property located northwest of the intersection of Avenue 48 and Dune Palms Road in the City of La Quinta, County of Riverside, State of California (the "Property"), as further set forth in the Purchase and Sale Agreement. D. Agency anticipates facilitating the development of approximately sixteen (16) acres of the Property for use as affordable housing (the "Affordable Housing Property"), and selling the remaining eleven (11) acres of the Property for commercial uses (the "Commercial Property"). The Commercial Property is located adjacent to and fronts Highway 111. E. The Agency's purchase price for the portion of the Property that comprises the Commercial Property is approximately Five Million Eight Hundred Thousand Dollars ($5,800,000) (the "Commercial Property Purchase Price"). F. The City desires to loan to the Agency, and the Agency desires to borrow from the City, pursuant to the terms and conditions set forth herein, funds in the amount of the Commercial Property Purchase Price (the "City Loan"), for purposes of funding the Agency's acquisition of the Commercial Property. AGREEMENT NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter contained, City and Agency agree as follows: Section 1. City Loan; Interest; Use of Loan Principal. City hereby loans to Agency the City Loan.. Interest shall accrue on the outstanding principal amount of the City Loan at the rate of seven percent (7%) per annum. Agency shall use the City Loan to acquire the Commercial Property. 2095/015610-0047 514139.02 a06/11/04 3 Section 2. Repayment. The Agency shall repay to the City the City Loan and all accrued interest thereon on the earlier of (a) thirty (30) days after the Agency sells and conveys the Commercial Property, or (b) May 1, 2039. The Agency's repayment of the City Loan shall be from the proceeds the Agency receives from its sale of the Commercial Property. Section 3. Subordination. The repayment of the City Loan by Agency shall be junior and subordinate to all Agency obligations incurred prior to the date of this Agreement. Section 4. Non -Recourse Obligation. No officer, official, employee, agent, or representatives of the Agency shall be liable for any amounts due hereunder, and no judgment or execution thereon entered in any action hereon shall be personally enforced against any such officer, official, employee, agent, or representative. Section 5. Entire Agreement; Amendments. This Agreement shall constitute the entire agreement of the parties. This Agreement may be amended or modified only by an agreement in writing signed by the parties. [end — signature page follows] 2095/015610-0047 514139.02 a06/11/04 4 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their authorized representatives, as of the date first above written. "CITY" CITY OF LA QUINTA BY: Thomas P. Genovese, City Manager ATTEST: June S. Greek, City Clerk APPROVED AS TO FORM: M. Katherine Jenson, City Attorney "AGENCY" LA QUINTA REDEVELOPMENT AGENCY By: Thomas P. Genovese, Executive Director ATTEST: June S. Greek, Secretary APPROVED AS TO FORM: M. Katherine Jenson, Agency Counsel 2095/015610-0047 514139.02 a06/11/04 1A - �• F f `5 Y OF'I'19 COUNCIURDA MEETING DATE: June 15, 2004 AGENDA CATEGORY: BUSINESS SESSION: ITEM TITLE: Approval to Award a Contract to Davis/Reed CONSENT CALENDAR: Construction Inc. to Construct the SilverRock Resort Maintenance Building, Comfort Stations and Pump STUDY SESSION: House, Project No. 2002-7D RECOMMENDATION: PUBLIC HEARING: Award the contract to Davis/Reed Construction Inc. in the amount of $1,920,000 (not deducting Alternates 1,3,4,5 or 6 and not adding Alternate 2) for the maintenance building, comfort stations and pump house for the SilverRock Resort, Project No. 2002-07D. FISCAL IMPLICATIONS: The SilverRock Resort improvements are included within the Fiscal Year 2003/2004 Capital Improvement Program (CIP). Based upon the Engineer's estimate of probable construction costs in the amount of $1,450,000, the following represents the approved project budget: Activity Budget Construction $174501000 The following bids were received on June 9, 2004 for the project: Davis/Reed Construction Inc. $119201000 Commercial Diversified $211001000 PW Construction $2,935,000 As shown, the lowest responsive bidder was $470,000 over the engineer's estimate. Staff is recommending that an additional $470.000 be utilized from the available $4,772,714 in the project contingency fund for the construction, resulting in the following budget: Activity Budget Construction $119207000 SACITYMMSTAFF REPORTS ONLY\C-10 MAINT BLD.DOC CHARTER CITY IMPLICATIONS: None. BACKGROUND AND OVERVIEW: On November 18, 2003 the Redevelopment Agency approved a contract with the Dahlin Group for the design of the maintenance building, comfort stations and pump house for the SilverRock Resort project. At the February 17, 2004 Study Session, the Agency gave the project architect direction with regards to the preferred architectural themes for the future buildings at the Resort. On April 7, 2004, the maintenance building was approved by the Architecture and Landscape Review Committee. On April 13, 2004, the maintenance building was approved by the Planning Commission. Assuming the Agency awards the contract for the aforementioned buildings on June 15, 2004, the following represents the anticipated project schedule: Award Construction Contract June 15, 2004 Construction Period July 2004-October 2004 Accept Improvements November 2004 FINDINGS AND ALTERNATIVES: Alternatives available to the Agency Board include: 1. Award the contract to Davis/Reed Construction Inc. in the amount of $1,920,000 (not deducting Alternates 1,3,4,5 or 6 and not adding Alternate 2), for the maintenance building, comfort stations and pump house for the SilverRock Resort, Project No. 2002-07D or 2. Reject all bids and do not award a contract for construction of Project 2002- 07 D; or 3. Provide staff with alternative direction. S:\CITYMGR\STAFF REPORTS ONLY\C-10 MAINT BLD.DOC 2 Respectfully submitted, Tom Hartung Director of Building and Safety Approved for submission by: Thomas P. Genovese, Executive Director S:\CITYMGR\STAFF REPORTS ONLY\C-10 MAINT BLD.DOC 3 � s ce4tf 4 64zo OF AGENDA CATEGORY: COUNCIL/RDA MEETING DATE: June 15, 2004 BUSINESS. SESSION: ITEMTITLE: Consideration of a Resolution Adopting the Investment Policy of the Redevelopment Agency CONSENT CALENDAR: for Fiscal Year 2004/2005 STUDY SESSION: PUBLIC HEARING: RECOMMENDATION: Adopt a Resolution of the Redevelopment Agency approving the Investment Policy of the City of La Quinta for Fiscal Year 2004/2005. SEE CITY COUNCIL STAFF REPORT RESOLUTION NO. RA 2004- A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY OF THE CITY OF LA QUINTA APPROVING AND ADOPTING THE AMENDED INVESTMENT POLICY FOR FISCAL YEAR 2004/2005 WHEREAS, the general purpose of the Investment Policy is to provide the rules and standards users must follow in investing funds of the City of La Quinta; and WHEREAS, the primary objectives, in order of priority, of the City of La Quinta's investment activity shall be: Safety of principal is the foremost objective of the investment program. Investments of the City of La Quinta shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. The investment portfolio shall remain sufficiently liquid to meet all operating requirements that may be reasonably anticipated. The investment portfolio shall be designed with the objective of attaining a market rate of return or yield throughout budgetary and economic cycles, taking into account the investment risk constraints and liquidity needs. WHEREAS, authority to manage the City of La Quinta's investment portfolio is derived from the City Ordinance. Management responsibility for the investment program is delegated to the City Treasurer, who shall establish and implement written procedures for the operation of the City's investment program consistent with the Investment Policy; and WHEREAS, the Investment Policy will be adopted before the end of June of each year and amended as considered necessary; and NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the City of La Quinta to adopt the 2004/2005 Fiscal Year Investment Policy (Exhibit A/Attachment 2) . 2 PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta Redevelopment Agency, held on this day of 2004 by the following vote, to wit: AYES: NOES: ABSTAIN: ABSENT: TERRY HENDERSON, Chair La Quinta Redevelopment Agency ATTEST: JUNE S. GREEK, Secretary City of La Quinta, California APPROVED AS TO FORM: KATHY JENSON, City Attorney City of La Quinta, California 3 IKnR9N7177 9w5w OF 'T COUNCIL/RDA MEETING DATE: June 15, 2004 AGENDA CATEGORY: BUSINESS SESSION: ITEM TITLE: Consideration of Brand Promise for CONSENT CALENDAR: SilverRock Resort STUDY SESSION: PUBLIC HEARING: RECOMMENDATION: As deemed appropriate by the Redevelopment Agency Board. FISCAL IMPLICATIONS: None. BACKGROUND AND OVERVIEW: On February 17, 2004, the Redevelopment Agency considered an item related to the branding efforts for SilverRock Resort. McMurry, the marketing firm for SilverRock, retained the expertise of Mr. Duane Knapp, author of The BrandMindset, to lead the brand development effort. Stephen Williams of McMurry presented the Agency with Mr. Knapp's five -step plan (Attachment 1), indicating that the first four steps would be employed to develop a genuine and unique brand for SilverRock Resort. On April 6, 2004, the Agency considered an item on the initial branding process, which was to start with Brand Assessment as the first step (Attachment 2). The Agency was advised the initial effort would involve conducting creative sessions with key stakeholders of SilverRock Resort. The goal of this initial effort was to develop a Brand Promise for SilverRock Resort (Attachment 3) and articulate it in writing utilizing the thoughts and sentiments gathered at these meetings. As Agency members are aware, two creative sessions were held. The first session took place April 21, 2004, and the second session took place May 17, 2004 (minutes for both meetings are provided as Attachment 4). Agency Members, staff, and key consultants such as GMA, Landmark, and McMurry, attended the sessions which were led by Mr. Duane Knapp. As a result of the discussions that transpired during those meetings and the surveys that were completed and analyzed, McMurry is submitting for Agency consideration the original brand promise (as derived during the second meeting) and three brand promise alternatives (Attachment 5). Articulation and approval of a Brand Promise for SilverRock Resort will allow McMurry and others marketing the project to begin sending a consistent message and begin action steps to deliver upon the promise. A representative from McMurry will be available to guide the Agency through the Brand Promise alternatives, review the next steps of the branding process, and answer any questions the Agency may have. FINDINGS AND ALTERNATIVES: The alternatives available to the Redevelopment Agency Board include: 1. Approve a Brand Promise for SilverRock Resort; or 2. Do not approve a Brand Promise for SilverRock Resort; or 3. Provide staff with alternative direction. Respectfully submitted, • Mar Weiss, Assistant City Manager Approved for submission by: Thomas P. Genovese, City Manager Attachments: 1. SilverRock Ranch Brand Development Process 2. SilverRock Resort Brand Development Process, Initial Phase 3. Developing a BrandPromise° Commitment for SilverRock Resort 4. Minutes of April 21 and May 17, 2004 Branding Meeting 5. Original Brand Promise and Refined Brand Promise (Alternatives) 2 Attachment 1 SilverRock Ranch Brand Development Process McMurry, Inc. has retained Duane Knapp and his company,Brand Strategy, Inc to facilitate the development of the SilverRock Ranch BrandPromise(V Commitment (Promise). Duane will employ the first four steps of his tried and tested five -step plan to develop a genuine, unique SilverRock Ranch brand. The fifth step, Brand Advantage cannot be facilitated until SilverRock Ranch is an ongoing, viable entity serving real customers. Step five is therefore not within the scope of this initial engagement. The basic steps are as follows: 1.) Brand Assessment In this initial phase, Duane and McMurry will conduct "inspirational" research meetings with key stakeholders including but not limited to representatives from the La Quinta RDA, GMA Palmer Course Design, Landmark... This constituent committee, under Duane's tutelage will develop a consensus regarding the SilverRock Ranch brand position. Ideally, the constituent "interviews" and discussions will be held in a collective, live workshop. If,critical constituents are not available for the group meet' s), their input will be sought through telephonic interviews. A, review of the brand experience as delivered by locally, competitive properties will be included. 2.) Brand Promise What should the SilverRock Ranch's Promise be? A distillation of the collective thoughts and discussions derived from the first Brand Assessment meeting will be articulated in a written definition of the Promise from the customer's perspective. The Promise is the foundation from which the brand principals are developed. 3.) Brand Blueprint How will the brand be communicated to the myriad SilverRock Ranch audiences? Duane will advise McMurry in developing a blueprint to chartthe path to effectively create, design and communicate the intended brand perception. It will signal what SilverRock Ranch will deliver in its golf course product, services, attitude and internal culture. - 4.) Brand Culturalizution In essence, Duane will identify how every SilverRock Ranch employee must understand and adopt the Brand Promise. Each and every SilverRock Ranch employee and associate must understand. and adopt the Promise and the Promise must be an integral part of the SilverRock Ranch culture and must drive every related decision. Culturalization will occur as a result of consistent, persistent and passionate training of all SilverRock Ranch staff and associates. To this end, Landmark plays a 3 critical role as they are the primary on -site management. As a key constituent throughout the branding process, Landmark will be an integral and essential brand partner. How long will this entirebranding process take? The four steps of the process as identified herein will take approximately two months and will .require at least two constituent meetings and numerous telephonic interviews. As soon as the list of participatory constituents is agreed to the first Brand Assessment meeting can. be scheduled and the process evolves from there. It should be understood that the fourth step, Brand Culturalization is ostensibly never completed as training must be continual, not only to ensure effective Brand Culturalization amongst new hires but to ensure that standards are maintained across all existing staff. Next Steps? In co-operation with the La Quinta RDA, McMurry and Duane Knapp we will identify the key constituent entities and who specifically within those entities should serve as a valued representative on the branding committee. 4 Attachment 2 SilverRock Resort Brand Development Process, Initial Phase As per the previous document on this subject, the development of the SilverRock Resort Brand Promise will follow the first four steps of Duane Knapp's Brand Strategy Inc. tried and tested five step process. The first and initial Brand Assessment phase will be conducted in a live session held in the Session Room at La Quinta City Hall on Friday, April 16, 2004. A suggested list of key stakeholders to be included in this initial assessment is detailed below -single or multiple: representatives from these entities are acceptable. In this initial phase, Duane Knapp will 'lead the group by asking a series of inspirational, thought provoking questionsspecifically designed to`illicit identification of the core brand position as deemed critical by each participating stakeholder. Through continued discussion and debate, what initially will be a`varied and possibly conflicting articulation of the desired brand promise will be distilled to a concentrated and unilaterally agreed upon consensus. Although it is preferable that all constituents attend a "live". session, if this is not possible, the session can be augmented by telephonic interviews with non -attendees. The distillation or collective thoughts derived from phase one of the process will be made available by Duane Knapp and will form the Brand Promise: as detailed in phase two of the process. Preliminary list of SilverRock Resort branding constituents and stakeholders: La Quinta Redevelopment Agency/City Council City of La Quinta representative(s) SRR Project Management (including Mark Weiss and Roy Stephenson) GMA International Landmark McMurry, Inc. Brand Strategy Palmer Course Design 5 Attachment 3 . i 4 10 Thinking like a brand requires a different BrandPromise Methodology mindset, perspective and approach than just The promise should serve as the "guiding business as usual. The BrandPromiseg star" for everything SilverRock Resort Commitment is the key to this different becomes. Its rim se is to primary P approach and is absolutely fundamental to communicate clearly what the brand stands. creating a Genuine Brand Image for for to every stakeholder (guests, employees, SilverRock Resort. agents, representatives, etc.). A BrandPromise (promise) communicates Developing a BrandPromiseg) three inherent attributes: Commitment A something will be done A there is an expressed assurance BrandStrategy, Inc.. will facilitate two A a perception of distinctiveness and BrandPromise creative sessions which will excellence focus on answering three primary questions A promise is written to define the intended in order to develop an effective promise: functional and emotional benefits from the A What is our brand experience? A` What differentiates our products and customer's point of view after experiencing services from competitors?. SilverRock Resort. Because it incorporates What is `superior about the value we the customer's viewpoint, a promise is offer our guests . distinctly different from a .business's mission or vision statement. The promise Guests will develop their perception of value represents SilverRock Resort's commitment through a subjective feeling as a result of to its guests and how it wants them to feel. comparing the brand's, products and service offerings with those of its competitorsbased Creating a successful marketing strategy for on his or her own needs, preferences, buying SilverRock requiresa' discipline that is behavior, and characteristics. Thus, guests' focused on a BrandPromise Commitment perceptions of value constantly change. that will create a distinctive and valued Consequently, SilverRock's ability to perception that results in "preference" or deliver"exceptional experiences" for its "insistence" that is much more desirable guests is deeply rooted in the promise. than other competing golf developments. Genuine Brands make a promise and they deliver on that promise consistently, eagerly-, and at the guest's convenience. BrandWouisere. BrandPromise*, and BrandSlrategyTM are trademarks of BrandStrategy, Inc. All other trademarks are the prope►ty.of their respective companies. Additionally, other easily recognizable brands and brand Wines are used for illustrative purposes and are not associated with BrandStJategy, Inc. ' A d i s; n R G t a s i e r B r r a J. 2415 T Avenue. Suite 210 Anacortes, WA 98221 Phone 360.293.8810 Fax 360.293.8811 Email dknapp@brandstrategy.com Attachment 4 LA QUINTA REDEVELOPMENT AGENCY SPECIAL MEETING MINUTES APRIL 21, 2004 A special meeting of the La Quinta Redevelopment Agency was called to order by Chairperson Henderson at 3:00 p.m. PRESENT: Board Members Adolph, Osborne, Perkins, Sniff, Chairperson Henderson ABSENT: None Chairperson Henderson led the audience in the Pledge of Allegiance. PUBLIC COMMENT - None CONFIRMATION OF AGENDA - Confirmed STUDY SESSION 1. DISCUSSION REGARDING INITIAL BRANDING PROGRAM FOR SILVERROCK RESORT. Duane Knapp, of Brand Strategy, Inc., gave a brief overview of the brand strategy (promise) process wherein he explained the "promise" is how you want people to feel. He proceeded to ask questions such as, "What is our experience and how will SilverRock be distinctive?" and solicited comments from the participants. (Chairperson Henderson, Agency Members Adolph, Osborne, Perkins, and Sniff, Executive Director Genovese, Assistant Executive Director Weiss, Community Development Director Herman, Redevelopment Consultant Spevacek, Gil Martinez of GMA International, Judy Vossler and Ed Schiller of Landmark Golf Management, and Steven Williams and Bruce Nilsson of McMurry, Inc.) Comments received from the participants included: first-class resort; first-class golf; great place; memorable experience; want people to come back; want people to feel special; view of mountains will touch people; magical experience; historical site (waterline mark from being under water hundreds of years ago and seasonal home for Indians who were very spiritual and mystical); tie the rock in the SilverRock 7 Redevelopment Agency Minutes 2 April 21, 2004 name to the mountains; and use a silver theme as opposed to silver "rock." There was also some discussion as to what makes the golf course unique and comments included: Arnold Palmer design; need one or two memorable golf holes to draw people back; it is a long course and a tournament course without gimmicks; it's a course built by the people and for the people; the golf course project would benefit from a unique or special feature but you can't remove the rocks out of the mountain area and it's very expensive to get them elsewhere; must maintain a 25-foot buffer zone at toe of slope; and it's too early to know which holes will be best. Closing comments included: each piece of the project is the most important piece; other important components besides golf; experience is different for each individual; need to go over master plan again; first impressions at entrances give a sense of arrival; and need to expand perspectives as to what the next generation will want. Mr. Knapp requested research on the following issues: when was the area under water; what did the Indians do for recreation; and what elements of the course will make it distinctive and unique. He distributed a Brand Blueprint Checklist and a questionnaire, which he requested be returned by April 26th. He indicated that he and representatives from McMurry, Inc. will use the responses to draft some brand promises to bring back at a second meeting in approximately three weeks. CHAIR AND BOARD MEMBERS' ITEMS - None ADJOURNMENT There being no further business, it was moved by Board Members Adolph/Osborne to adjourn. Motion carried unanimously. Respectfully submitted, JUNE S. GREEK, Agency Secretary City of La Quinta, California LA QUINTA REDEVELOPMENT AGENCY SPECIAL MEETING MINUTES MAY 17, 2004 A special meeting of the La Quinta Redevelopment Agency was called to order by Chairperson Henderson at 9:12 a.m. at the La Quinta Resort, Frank Capra Room "C". PRESENT: Board Members Adolph, Osborne; Sniff, Chairperson Henderson ABSENT: Board Member Perkins Also present were: RDA Assistant Executive Director Weiss, Redevelopment Consultant Frank Spevacek, Gil Martinez of GMA International, Judy Vossler and Ernie Vossler of Landmark Golf Management, Duane Knapp of Brand Strategy, Inc., and Steven Williams and Bruce Nilsson of McMurry, Inc. PLEDGE OF ALLEGIANCE Chairperson Henderson led the participants in the Flag Salute. PUBLIC COMMENT - None CLOSED SESSION - None CONFIRMATION OF AGENDA - Confirmed APPROVAL OF MINUTES - None STUDY SESSION 1. DISCUSSION REGARDING BRANDING PROGRAM FOR SILVERROCK RESORT. Chairperson Henderson turned the meeting over to facilitator Duane Knapp who asked Gil Martinez, of GMA International to discuss some elements of the property and the history of the property that led to the development of the master plan for SilverRock Resort. Mr. Martinez gave a brief overview of points of history of the site that were taken into consideration during the development process of the site master plan. �9 Redevelopment Agency Minutes 2 May 17, 2004 He also suggested some ideas to draw upon that history to create special and unique attractions for the resort such as utilizing the lake for canoe rides or creating a lazar show or holographs on the mountain. He felt the creation of a "story line" might be of help in the branding process and suggested concentrating on the uniqueness of the site. Duane Knapp outlined the goals of the session as: 1) to review the promise; 2) to determine what the tenants of the promise are; 3) to develop the promise and finally to reach some agreement on at least 75 % of the text of the promise. In response to Agency Member Sniff he stated the promise should state what the City wants the guest to feel or experience when they visit SilverRock. Mr. Knapp showed some "mentor" brands such as the Ritz Carlton which is "We are ladies and gentlemen serving ladies and gentlemen." Agency Member Osborne asked if the promise will be in place even when the Resort is still in its "temporary phase" i.e. still in the temporary clubhouse and with only one golf course completed. Mr. Knapp's response was tactics will develop over time but the delivery of the promise must take place at every phase. He requested the participants think about what elements they would like to see included in the promise. Chairperson Henderson responded "lasting guest impression"; Mr. Spevecek responded "non-corporate/not a chain"; Mr. Martinez said "describe what kind of experience you want to have". Agency Member Adolph said he wants it to convey uniqueness; Agency Member Sniff said it should convey "elegant/simplicity, which includes emotional benefit, gratification/pleasure." Assistant Agency Director Weiss responded "world class standards." Agency Member Sniff suggested some slogans such as "'play the SilverRock way,' 'take the SilverRock challenge' and 'enjoy the SilverRock magic."' Mr. Knapp distributed a handout containing a prototype brand story and brand promise. Agency Sniff expressed dissatisfaction with the 10 Redevelopment Agency Minutes 3 May 17, 2004 reference to hot or boiling water, stating the statement would more accurately refer to Palm Springs or Desert Hot Springs, not La Quinta. Mr. Knapp then asked the participants to consider a prototype brand promise which read, "Enjoy the mystique of SilverRock; the crown jewel of La Quinta's golf legacy. The breathtaking beauty of the Santa Rosa Mountains frame our commitment for an exceptional SilverRock experience for every guest. Our Promise: Refresh, Relax and Enjoy! Judy Vossler suggested substituting the word "discover" for "enjoy" in the first sentence. There was general consensus that would be a good change. Agency Member Sniff felt the word golf should be removed and the first sentence read La Quinta's legacy. Agency Member Osborne stated the project is about golf as well as a resort and it is important to keep that in the promise. Chairperson Henderson felt it is very important to keep in mind that the promise is about creating an attitude. Judy Vossler stated she prefers legacy as shown on the handout to the word paradise which was shown on the graphic. Ernie Vossler suggested the word "every" guest be changed to "each" guest. Bruce Nilsson of McMurry commented the promise seems to be generally what the Agency was looking for and McMurry, Inc can clear up any wording challenges and present it to the Agency. Mr. Knapp agreed and felt his portion of the branding process was completed. He advised at this point someone needs to take charge of establishing the action steps to deliver on the promise. Assistant Executive. Director Weiss felt this can be worked on by Agency staff in the context of their present duties. Chairperson Henderson asked it there were any additional items from the members of the Agency. CHAIR AND BOARD MEMBERS' ITEMS — None 11 Redevelopment Agency Minutes 4 May 17, 2004 ADJOURNMENT There being no further business, it was moved by Agency Members Sniff/Osborne to adjourn. Motion carried with Agency Member Perkins absent. Respectfully submitted, JUNE S. GREEK, City Clerk/ Redevelopment Agency Secretary City of La Quinta, California 12 Attachment 5 Original Brand Promise Discover the mystique of SilverRock Resort. The crown jewel of La Quinta's golf legacy. The breathtaking beauty of the Santa Rosa Mountains frames our commitment for an exceptional SilverRock experience for every guest. Our promise: Refresh, Relax, Enjoy. Refined Brand Promise (Alternatives) Brand Promise 1 With a retreat to SilverRock Resort, guests will be afforded every opportunity to relax and rejuvenate in a manner most enjoyable to them. Surrounded by the majestic Santa Rosa Mountains, at the crown jewel of La Quinta's golf legacy, guests will be renewed and their experiences long remembered. Our promise: Peace of mind, body, and soul. Brand Promise 2 At SilverRock Resort, guests from all walks of life have the privilege of enjoying all the pleasures that come with staying at the crown jewel of La Quinta's golf legacy. Rising from the base of the majestic Santa Rosa Mountains, SilverRock Resort affords every guest the very finest in all things. From world -class golf to a world -class spa. From designer fashions to five-star dining. All the best is here. Our promise: Exceptional In All, For All, Always. Brand Promise 3 Few places in the world can compare to SilverRock Resort as a setting for renewal and relaxation. Rising up to the west are the majestic Santa Rosa Mountains, rich in both history and legend. Beyond her gates, the rugged yet sublime beauty of La Quinta and the Coachella Valley. Within her gates, all the amenities and opportunities for indulgence one deserves at a truly world -class resort. Our promise: Always the perfect host to renewal and relaxation. 13 THE BRAND PROMISE >A91t rrd Discover the mystique of the SilverRock Resort. The crown jewel of La Quinta and its golf legacy. The breathtaking beauty of the Santa Rosa Mountain frames our commitment for an exceptional SiiverRock experience fbreeely-g� The SlIverRock promise: Refreshing - Relaxing - Enjoyable - Unique - Special Discover the mystique of la Quinta's SilverRock Resort. Rising from the base of the majestic Santa Rosa Mountains SilverRock will provide you the opportunity to savor your leisure time to the nth degree. Golf at it's finest, relaxation at it's best, excitement at it's optimum an exceptional SilverRock experience for each guest. Our promise; To deliver an exceptional experience