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2005 06 21 RDAea# 4 4 adja 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 21, 2005 — 2:00 PM Beginning Resolution No. RA 2005-007 CALL TO ORDER Roll Call: Agency Board Members: Adolph, Henderson, Perkins, Sniff, and Chairman Osborne 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. RECESS TO CLOSED SESSION 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 LEGAL COUNSEL PURSUANT TO GOVERNMENT CODE SECTION 54956.9(c), INITIATION OF LITIGATION (ONE MATTER) RECONVENE AT 3:00 P.M. Redevelopment Agency Agenda 1 June 21, 2005 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 7, 2005. 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 21, 2005. 2. TRANSMITTAL OF TREASURER'S REPORT FOR THE PERIOD ENDING APRIL 30, 2005. 3. TRANSMITTAL OF REVENUE AND EXPENDITURES REPORT FOR THE PERIOD ENDING APRIL 30, 2005. 4. ACCEPTANCE OF CAPITAL IMPROVEMENT PROJECT NO. 2002-07H, SilverRock RESORT - TEMPORARY CLUBHOUSE. 5. APPROVAL OF CONTRACT AMENDMENT NO. 3 WITH PACIFIC ADVANCED CIVIL ENGINEERING (PACE) FOR SilverRock RESORT. BUSINESS SESSION 1. CONSIDERATION OF A RESOLUTION ADOPTING THE INVESTMENT POLICY OF THE CITY OF LA QUINTA FOR FISCAL YEAR 2005/2006 A. RESOLUTION ACTION. Redevelopment Agency Agenda 2 June 21, 2005 STUDY SESSION - NONE CHAIR AND BOARD MEMBERS' ITEMS - NONE PUBLIC HEARINGS - NONE ADJOURNMENT Adjourn to a regularly scheduled meeting of the Redevelopment Agency to be held on July 5, 2005 commencing with closed session at 2:00 PM and open session at 3:00 PM 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 June 21, 2005, was posted on the outside entry to the Council Chamber at 78-495 Calle Tampico and on the bulletin boards at 51-321 Avenida Bermudas and 78-630 Highway 1 1 1, on June 17, 2005. DATED: June 17, 2005 (a� - �e� JUNE S. GREEK, CIVIC, City Clerk City of La Quinta, California Redevelopment Agency Agenda 3 June 21, 2005 c&',, 4 etP Q" AGENDA CATEGORY: BUSINESS SESSION COUNCIL/RDA MEETING DATE: JUNE 21, 2005 CONSENT CALENDAR ITEM TITLE: STUDY SESSION Demand Register Dated June 21, 2005 PUBLIC HEARING RECOMMENDATION: It is recommended the Redevelopment Agency Board: Receive and File the Demand Register Dated June 21, 2005 of which $3,266,209.09 represents Redevelopment Agency Expenditures. PLEASE SEE CONSENT CALENDAR ITEM NUMBER 1 ON CITY COUNCIL AGENDA �a�T �•c V S 444 G�. OFAGENDA CATEGORY: 'L1�9 COUNCIL/RDA MEETING DATE: June 21, 2005 Transmittal of Treasurer's Report as of April 30, 2005 RECOMMENDATION: It is recommended the Redevelopment Agency Board: Receive and file. BUSINESS SESSION: 01 CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA Ti4 4 e(PQ" COUNCIL/RDA MEETING DATE: June 21, 2005 Transmittal of Revenue and Expenditure Report for April 30, 2005 RECOMMENDATION: Receive and File BACKGROUND AND OVERVIEW: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: Transmittal of the Statement of Revenue and Expenditures for April 30, 2005 for the La Quinta Redevelopment Agency. y lly submitted Falcone , Finance Director A proved for submission b Thomas P. Genovese, Executive Director Attachments: 1. Revenue and Expenditures for April 30, 2005 ATTACHMENT 1 LA QUINTA REDEVELOPMENT AGENCY REVENUE SUMMARY PROJECT AREA NO. 1: LOW/MODERATE BOND FUND: Allocated Interest Home Sale Proceeds Non Allocated Interest Transfer In TOTAL LOW/MOD BOND 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 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 Non Allocated Interest Litigation Settlement Revenue Loan Proceeds Rental Income Transfers In TOTAL CAPITAL IMPROVEMENT CAPITAL IMPROVEMENT FUND - TAXABLE Pooled Cash Allocated Interest Non Allocated Interest Litigation Settlement Revenue Bond proceeds Rental Income Transfers In TOTAL CAPITAL IMPROVEMENT REMAINING BUDGET RECEIVED BUDGET 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6,480,979.00 3,387,575.13 3,093,403.87 20,800.00 26,268.95 (5,468.95) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 341,000.00 234,977.80 106,022.20 825,000.00 668,641.92 156,358.08 0.00 0.00 0.00 0.00 71,822.12 (71,822.12) 0.00 86,643.95 (86,643.95) 0.00 1,353,152.11 (1,353,152.11) 0.00 0.00 0.00 7,667,779.00 5,829,081.98 1,838,697.02 25, 923, 915.00 13, 550, 300.56 12, 373, 614.44 66,000.00 115,421.80 (49,421.80) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,478,347.00 2,478,346.90 0.10 28, 468,262.00 16,144,069.26 12,324,192.74 150,000.00 113,033.79 36,966.21 750,000.00 475,644.61 274,355.39 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 900,000.00 588,678.40 311,321.60 0.00 0.00 0.00 50,000.00 39,593.27 10,406.73 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 50,000.00 39,593.27 10,406.73 LA QUINTA REDEVELOPMENT AGENCY EXPENDITURE SUMMARY PROJECT AREA NO. 1: LOW/MODERATE BOND FUND PERSONNEL SERVICES REIMBURSEMENT TO GEN FUND HOUSING PROJECTS TRANSFERS OUT TOTAL LOWIMOD BOND 07/01/2004 - 04/30/05 REMAINING BUDGET EXPENDITURES ENCUMBERED BUDGET 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 LOW/MODERATE TAX FUND: PERSONNEL 4,900.00 5,501.75 0.00 (601.75) SERVICES 253,157.00 182,751.48 0.00 70,405.52 BUILDING HORIZONS 250,000,00 225,000.00 0.00 25,000.00 LQ RENTAL PROGRAM 150,000.00 239,502.55 0.00 (89,502.55) LQ HOUSING PROGRAM 3,118,240.00 155,000.00 0.00 2,963,240.00 LOWMOD VILLAGE APARTMENTS 400,000.00 0.00 0.00 400,000.00 LQRP - REHABILITATION 0.00 0.00 0.00 0.00 APT REHABILITATION 276,411.00 119,220.87 0.00 157,190.13 LQ HOUSING PROJECTS 500,000.00 (55,000.00) 0.00 555,000.00 REIMBURSEMENT TO GEN FUND 668,272.00 556,893.34 0.00 111,378.66 TRANSFERS OUT 2,478,347.00 2,478,346.90 0.00 0.10 TOTAL LOW/MOD TAX 8,099,327.00 3,907,216.89 0.00 4,192,110.11 DEBT SERVICE FUND: SERVICES 496,585.00 360,415.19 0.00 136,169.81 BOND PRINCIPAL 2,395,000.00 2,395,000.00 0.00 0.00 BOND INTEREST 7,929,969.00 7,929,969.26 0.00 (0.26) INTEREST CITY ADVANCE 952,764.00 793,970.00 0.00 158,794.00 PASS THROUGH PAYMENTS 12,283,973.00 6,585,227.24 0.00 5,698,745.76 ERAF SHIFT 2,780,728.00 2,780,728.42 0.00 (0.42) TRANSFERS OUT 1,995,101.00 1,995,101.00 0.00 0.00 TOTAL DEBT SERVICE 28,834,120.00 22,840,411.11 0.00 5,993,708.89 CAPITAL IMPROVEMENT FUND: PERSONNEL 4,900.00 4,956.60 0.00 (56.60) SERVICES 116,393.00 148,366.89 0.00 (31,973.89) LAND ACQUISITION 0.00 0.00 0.00 0.00 ASSESSMENT DISTRICT 0.00 0.00 0.00 0.00 ADVERTISING -ECONOMIC DEV 40,000.00 40,000.00 0.00 0.00 ECONOMIC DEVELOPMENT 50,000.00 16,770.12 0.00 33,229.88 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 292,413.00 269,574.56 0.00 22,838.44 TRANSFERS OUT 39,278,614.00 12,287,239.41 0.00 26,991,374.59 TOTAL CAPITAL IMPROVEMENT 39,782,320.00 12,766,907.58 0.00 27,015,412.42 CAPITAL IMPROVEMENT FUND/TAXABLE BOND BOND ISSUANCE COSTS 0.00 0.00 0.00 0.00 TRANSFERS OUT 5,778,816.00 5,783,408.98 0.00 (4,592.98) TOTAL CAPITAL IMPROVEMENT 5,778,816.00 5,783,408.98 0.00 (4,592.98) 3 LA QUINTA REDEVELOPMENT AGENCY REVENUE SUMMARY PROJECT AREA NO.2: LOW/MODERATE BOND FUND: Allocated Interest Non Allocated Interest Bond proceeds (net) Transfer In TOTAL LOW/MOD BOND LOW/MODERATE TAX FUND: Tax Increment Allocated Interest Non Allocated Interest Developer funding Vista Dunes MHP Rental Rev 2nd Trust Deed Repayment ERAF Shift - Interest Sale of Land Transfer In TOTAL LOW/MOD TAX 2004 LOW/MODERATE BOND FUND: Allocated Interest Home Sale Proceeds Non Allocated Interest Transfer In TOTAL LOW/MOD BOND 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 REVENUE GRAND TOTALS PER REPORT REMAINING BUDGET RECEIVED BUDGET 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,345,543.00 1,757,352.93 1,588,190.07 24,100.00 63,290.73 (39,190.73) 0.00 0.00 0.00 7,054,074.00 7,096,293.56 (42,219.66) 0.00 198,821.50 (198,821.50) 0.00 332,746.70 (332,746.70) 0.00 0.00 0.00 8,637,300.00 801,359.00 7,835,941.00 0.00 0.00 0.00 19,061,017.00 10,249,864.42 8,811,152.58 0.00 0.00 0.00 0.00 0.00 0.00 1,000,000.00 943,721.76 56,278.24 0.00 0.00 0.00 1,000,000.00 943,721.76 56,278.24 13,382,173.00 7,029,411.78 6,352,761.22 0.00 75,393.22 (75,393.22) 0.00 (5.35) 5.35 0.00 0.00 0.00 4,099,819.00 4,142,038.56 (42,219.56) 17,481,992.00 11,246,838.21 6,235,153.79 50,000.00 30,915.01 19,084.99 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 50,000.00 30,915.01 19,084.99 REMAINING BUDGET RECEIVED BUDGET 207,742,423.68 125,444,345.55 82,298,078.13 4 LA QUINTA REDEVELOPMENT AGENCY EXPENDITURE SUMMARY PROJECT AREA NO.2: LOW/MODERATE BOND FUND 2nd TRUST DEEDS LAND BOND ISSUANCE COSTS TRANSFERS OUT 07/01/2004 - 04/30/05 REMAINING BUDGET EXPENDITURES ENCUMBERED BUDGET 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL LOW/MOD BOND 0.00 0.00 0.00 0.00 LOW/MODERATE TAX FUND: PERSONNEL SERVICES 2ND TRUST DEEDS 2ND TRUST DEEDS FROM CENTERPOINTE 48TH AND ADAMS - FROM CENTERPOINTE WASH/MILES PROJECT VISTA DUNES MOBILE HOME PARK LOW MOD HOUSING PROJECT/47TH/ADAMS PROJ 48TH/ADAMS PLANNING FORECLOSURE ACQUISITION REIMBURSEMENT TO GEN FUND TRANSFERS OUT TOTAL LOW/MOD TAX 2,900.00 2,999.58 0.00 (99.58) 192,088.00 342,131.65 0.00 (150,043.65) 500,000.00 0.00 0.00 500,000.00 2,520,000.00 0.00 0.00 2,520,000.00 1,423,203.00 7,058.20 0.00 1,416,144.80 0.00 5,317.50 0.00 (5,317.50) 0.00 255,613.65 0.00 (255,613.65) 776,239.00 44,351.00 0.00 731,888.00 150,000.00 0.00 0.00 150,000.00 150,000.00 150,000.00 0.00 0.00 333,272.00 277,726.66 0.00 55,545.34 7,350,044.00 7,392,263.56 0.00 (42,219.56) 13,397,746.00 8,477,461.80 0.00 4,920,284.20 2004 LOW/MODERATE BOND FUND 2nd TRUST DEEDS 0.00 0.00 0.00 0.00 LAND 0.00 0.00 0.00 0.00 BOND ISSUANCE COSTS 0.00 0.00 0.00 0.00 TRANSFERS OUT 1,920,965.00 353,090.40 0.00 1,567,874.60 TOTAL LOW/MOD BOND 1,920,965.00 353,090.40 0.00 1,567,874.60 DEBT SERVICE FUND: SERVICES 179,013.00 179,518.60 0.00 (505.60) BOND PRINCIPAL 95,000.00 95,000.00 0.00 0.00 BOND INTEREST 323,264.00 323,263.75 0.00 0.25 INTEREST CITY ADVANCE 1,053,580.00 1,216,310.00 0.00 (162,730.00) INTEREST - ERAF LIMOD LOAN 0.00 0.00 0.00 0.00 PASS THROUGH PAYMENTS 11,394,169.00 5,739,111.68 0.00 5,655,057.32 TRANSFERS OUT 994,948.00 994,948.00 0.00 0.00 TOTAL DEBT SERVICE 14,039,974.00 8,548,152.03 0.00 5,491,821.97 CAPITAL IMPROVEMENT FUND: PERSONNEL 2,900.00 3,327.70 0.00 (427.70) SERVICES 117,820.00 89,708.20 0.00 28,111.80 ADVERTISING -ECONOMIC DEV 250.00 0.00 0.00 250.00 ECONOMIC DEVELOPMENT ACTIVITY 40,000.00 34,104.07 0.00 5,895.93 REIMBURSEMENT TO GEN FUND 41,443.00 34,537.44 0.00 6,905.56 TRANSFERS OUT 1,826,079.00 2 141,046.08 0.00 (314,967.08) TOTAL CAPITAL IMPROVEMENT 2,028,492.00 2,302,723.49 0.00 (274,231.49) ceit!t 4 stP Q9&& COUNCIL/RDA MEETING DATE: June 21, 2005 ITEMTITLE: Acceptance of Capital Improvement Project No. 2002-07H, SilverRock Resort Temporary Clubhouse AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: RECOMMENDATION: Accept Capital Improvement Project No. 2002-07H, SilverRock Resort Temporary Clubhouse; and Authorize the Agency Secretary to file a Notice of Completion with the office of the County Recorder; and Authorize the release of retention funds held by the Agency 35 days after the Notice of Completion is recorded. FISCAL IM PUCATIONS: Throughout the course of the project, 10% retention was withheld from each progress payment. To date the Agency has withheld $129,609. BACKGROUND AND OVERVIEW: On August 3, 2004, the Redevelopment Agency awarded a contract to Davis Reed Construction Inc. in the amount of $992,000 for construction of the temporary clubhouse at SilverRock Resort. On September 3, 2005, the Agency approved a Change Order to add a full kitchen to the project which resulted in a total contract price of $1, 296, 085. City staff has determined that the project is complete and is in compliance with the plans and specifications. Prior to filing the Notice of Completion, the Agency must formally accept the project and authorize the City Clerk to file the Notice of Completion. FINDINGS AND ALTERNATIVES: The alternatives available to the Agency include: 1 . Accept Capital Improvement Project #2002-07H, SilverRock Resort Temporary Clubhouse; and Authorize the Agency Secretary to file a Notice of Completion with the office of the County Recorder; and Authorize the release of retention funds held by the Agency, 35 days after the Notice of Completion is recorded; or 2. Do not accept the project as complete; or 3. Provide staff with alternative direction. Respectfully submitted, Tom Hartung Director of Building and Safety Approved for submission by: Thomas P. Genovese, Executive Director 2 COUNCIL/RDA MEETING DATE: June 21, 2005 ITEM TITLE: Approval of Contract Amendment No. 3 with Pacific Advanced Civil Engineering for SilverRock Resort RECOMMENDATION: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: Approve Contract Amendment No. 3 (Attachment 1) to the Professional Services Agreement (PSA) with Pacific Advanced Civil Engineering (PACE) in an amount not -to - exceed $41,210 for additional engineering services for the SilverRock Resort project, authorize the Executive Director to execute the amendment, and appropriate $41,210 from Project Area No. 1 Economic Development Reserve that has been earmarked for the Santa Rosa Plaza Project for this contract amendment. FISCAL IMPLICATIONS: On June 7, 2005, staff estimated the cost to complete the design and construction of the mountain storm drainage improvements to be $250,000. Staff recommends an appropriation be made from Project Area No. 1 Economic Development Reserve to cover this contract amendment. BACKGROUND AND OVERVIEW: On November 4, 2003, the Agency approved a PSA with PACE to provide water resources design services for the SilverRock Resort project. Included in the services were the preparation of a Water Management Plan for the entire site to meet CVWD regulations, design of the project lake system, pipes, pumps, wells, canal turnouts, irrigation master controls, drainage master plan and treatment of storm water run-off. On May 18, 2004, the Agency approved an amendment in the amount of $83,250 for various design modifications and construction support services. On June 7, 2005, the City Council directed staff to complete the secondary drainage design as well as the storm water conveyance system from the adjacent mountain through the golf course. The proposed amendment addresses this design effort as well as previous design work changes required to complete the backup irrigation well and the investigation of the impact of storm runoff on the golf course from the winter rains. A summary of the proposal from PACE (Attachment 2) is as follows: Lake System Electrical Design for Well Site (Dream Engineering) $10,500 This work was required in order to complete the electrical design for the well site which was not a part of PACE's design proposal. Storm Impact Assessment & Evaluation of Watershed Offsite $4,820 As directed by staff, PACE completed an evaluation of the golf course drainage system as well as the evaluation of a 48" diameter storm drain in Avenue 52 in order to bypass the storm drain outlet at the northwest corner of the project site. This evaluation is the basis for the design of the storm drain by The Keith Companies. As -Built Grading Storm Drainage Assessment $14,290 Upon completion and receipt of the Phase I golf course area as -built topographic survey, PACE will prepare evaluation of the as -built drainage system and determine 100-year water surface ponding elevations for all of the storm drainage retention and detention basins within the Phase I golf course area. Project Consulting and Coordination $4,400 PACE shall coordinate with TKC relative to preparation of construction plans for the 48" diameter storm drain along Avenue 52 particularly as related to grading for storm drain outlet on Phase 2 of the SilverRock project. Post Construction Services $5,500 PACE will provide water feature system exhibits that show water transfer capabilities as designed by PACE in order to minimize runoff impacts to the golf course and in -play native areas. Each system will be described in detail identifying all equipment used for transfer capability of each system including the water delivery turnout structure, well system, and lake systems. Reimbursable/Expenses (T&E) $1,600 Travel, mileage, plans and report reproduction, and other miscellaneous reimbursable expenses at cost plus 10%. Total Contract Amendment No. 3: $41,210 2 FINDINGS AND ALTERNATIVES: The alternatives available to the Agency Board include: 1. Approve Contract Amendment No. 3 to the Professional Services Agreement with Pacific Advanced Civil Engineering in an amount not -to -exceed $41,210 for additional engineering services for the SilverRock Resort project, authorize the Executive Director to execute the amendment, and appropriate $41,210 from Project Area No. 1 Economic Development Reserves that has been earmarked for the Santa Rosa Plaza Project for this contract amendment; or 2. Do not approve Contract Amendment- No. 3 to the Professional Services Agreement with Pacific Advanced Civil Engineering in an amount not -to -exceed $41,210 for additional engineering services for the SilverRock Resort project, do not authorize the Executive Director to execute the amendment, and do not appropriate $41,210 from Project Area No. 1 Economic Development Reserves that has been earmarked for the Santa Rosa Plaza Project for this contract amendment; or 3. Provide staff with alternative direction. Respectfully submitted, r othy R. Jo(a son blic Works Director/ ' y Engineer Approved for submission by: Thomas P. Genovese, Executive Director Attachments: 1. Contract Amendment No. 3 2. PACE Proposal 3 ATTACHMENT 1 PROFESSIONAL SERVICES AGREEMENT CONTRACT AMENDMENT NO. 3 PROJECT: SilverRock Resort Water Resources Design Services CONSULTANT: Pacific Advanced Civil Engineering, Inc. Pursuant to the terms of the original Contract Agreement, you are hereby directed to make the herein described changes or do the following described work not included in the plans and specifications for this Contract. Unless otherwise stated all work shall conform to the terms, general conditions, and special provisions of the original Contract. DESCRIPTION OF CHANGE Provide additional services as described in the attached proposal from PACE. Submitted By: Approved By: Previous Contract Amount $177,500 Amendment No. 1 $83,250 Add this Amendment No. 2 $30,050 Add this Amendment No. 3 $41,210 Revised Contract Total $332,010 Date: Date: We, the undersigned Consultant, have given careful consideration to the change proposed and hereby agree, if this proposal is approved, that we will provide all equipment, furnish all materials, perform all labor, except as may be noted above, and perform all services necessary to complete the above specified work, and hereby accept as full payment the amount shown above. Accepted By: Consultant: Title: Date: 4 ATTACHMENT 2 PACIFIC ADVANCED CIVIL ENGINEERING, INC. 17520 Nekvhope Street, Suite 200 - Fountain Valley, California 92708 ■ 7 14.48 1.7300 ■ fax: 714.481.7299 AUTHORIZATION FOR CHANGE ORDER TO: Mr. Mark Weiss ATTN: City of La Quinta DATE: 78-495 Calle Tampico / P.O. Box 1504 PROJECT: La Quinta, CA 92253-1504 Mark Weiss February 23, 2005 PACE # 7645E - SilverRock Resort Telephone: (760) 777-7035 C.O. AUTHORIZATION #: Facsimile: (760) 777-7101 3 Per you request, we are submitting the attached change order for authorization. This change order include additional electrical services provided by Dream Engineering (Subconsultant to PACE), storm drainage consulting provided by PACE, project coordination and additional miscellaneous reimbursable expense. Description of Services: Task 23 — Lake System Electrical Design for Well Site (Dream Engineerinq) Work has already been completed for the electrical design for the well site(s). Additional tasks related to electrical design was added to meet project needs as listed in the items below: A. Provide dry utility engineering, prepare applications, coordination and deliver plans for electric, telephone, gas, and electrical engineer's services. B. Provide electrical load calculations, site electrical, meter locations, etc. on construction drawings in AutoCAD format to deliver to IID. C. Provide two (2) electrical services. One (1) for each of two (2) well sites. D. Add pdf provide control diagrams to construction drawings. Coordinate with well pump contractor. E. Construction drawings to be produced five (5) sheets and electrical specifications. F. Correspondence, mailing, copies, associated with the work is included. G. Construction observation services including review submittals, respond to RFI's, field trips and/or meetings during construction. H. This does not cover any coordination or plan review by CVWD. This does however provides for complete design of electrical system for two (2) well sites. I. Reimbursable expenses for drawing and specification reproduction Fees: $ 10,500 Task 27 — Storm Impact Assessment and Evaluation of Watershed Offsite - (COMPLETED) As directed by Roy Stephenson and Tim Jonasson, PACE completed the following evaluation of the golf course drainage system. A. Evaluate 48" diameter storm drain inlet to the northwest corner of the project site and provide qualitative quantification of stormwater inflow (rate & volume) associated with 100-year event from the cove and other offsite 5 Mr. Mark Wise February 23, 2004 SilverRock Resort — 7645E Page 2 of 3 drainage areas. This effort entailed review of MDS Consulting (MDS), The Keith Companies (TKC), and City Master Drainage Plan documents including review of Rondo Channel and Citrus Course drainage bypass system to assess the impacts to the SilverRock golf course. B. Coordinate with TKC and obtain as -built spot elevation of golf course and attempt to utilize data to determine variances in the design grade stormwater retention areas. C. Conduct site visits to evaluate and determine source and possible alternative solution to Hole #4 (and others) flooding (detention) access. D. Provide preliminary layout, profile and outlet condition for the re -alignment of the 48" diameter storm drain along Avenue 52 to the east approximately 2200 linear feet from Phase I to Phase II of the SilverRock project. E. Attend meetings at City offices regarding drainage system alternative. Principal - Mark Krebs - 14 hours @ $ 165.00 = $ 2,310 Sr. Project Manager - Sonny Sim - 5 hours @ $ 145.00 = $ 725 Project Engineer - Chris Lapaz - 11 hours @ $ 105.00 = $ 1,155 Sr. CAD Tech - Paul Morelli - 7 hours @ $ 90.00 = 630 Total Task 27 $ 4,820 Task 28 — As -Built Grading Storm Drainage Assessment - (FUTURE) A. Upon completion and receipt of the Phase I golf course area as -built topographic survey (by others), PACE shall prepare evaluation of the as -built drainage system and determine 100-year water surface ponding elevations for all of the storm drainage detention and detention basins within the Phase I golf course area. B. PACE shall coordinate with project geotechnical engineer and obtain (provided by Owner) estimate of the golf course retention and detention basin area percolation rates. C. PACE shall estimate the remaining stormwater retention basin bonding 24- hours after the 100-year storm event based upon item A & B above (Task 28). PACE shall develop stage storage discharge curves for each of the major retention/detention areas for the golf course. D. PACE shall make recommendations regarding the additions of storm drain pipelines, inlets or golf course grading revisions to facilitate reduced stormwater retention ponding in the golf course play areas. E. PACE shall evaluate and prepare stormwater transfer valuing and pumping operation sequences which will allow golf course operations staff to transfer stormwater from west of the canal to the resort lakes which are each of the canal via the project lake system. Principal - Mark Krebs - 12 hours @ $ 165.00 = $ 1,980 Sr. Project Manager - Sonny Sim - 26 hours @ $ 145.00 = $ 3,770 Project Engineer - Chris Lapaz - 48 hours @ $ 105.00 = $ 5,040 Sr. CAD Tech - Paul Morelli - 40 hours @ $ 90.00 = 3,600 Total Task 28 $14,390 Mr. Mark Wise February 23, 2004 SilverRock Resort 7645E Page 2 of 3 Task 29 — Project Consulting and Coordination $ 4,400 A. Consultant shall provide consulting services beyond original scope relative to design and permit coordination related to CVWD turn -out structure. B. Consultant shall coordinate with TKC relative to preparation of construction plans for the 48" diameter storm drain along Avenue 52 particularly as related to grading for storm drain outlet on Phase 2 of the SilverRock project. C. General project coordination relative to drainage, lake and water feature construction beyond original scope. Task 81 — Services Post Construction (PACE) $ 5,500 Provision of additional services post construction as described below: A. Provide water feature system exhibits that show water transfer capabilities as designed by PACE. B. Provide detailed system description to be included as part of exhibit(s). C. Each system will be described in detail identifying all equipment used for transfer capability of each system including the water delivery turnout structure, well system, and lake systems. D. Each color exhibits (hardcopy) will be produced and will also be provided in pdf format on CD for reproduction by others. E. Reimbursable expenses for reproduction are included. Task 00 — Reimbursables/Expenses (T&E) $ 1,600 Travel, mileage, plans and report reproduction, and other miscellaneous reimbursable expenses at cost plus 10% Fee Subtotal: $ 41,210 Amount of Compensation: Previously Authorized: $177,500 Change Order #1: $ 83,250 Change Order #2: $ 30,050 This Request - Change Order #3: 41,210 Estimated By: Mark E. Krebs, P.E. AGREED TO AND ACCEPTED BY: By Mark Wise, City of La Quinta P.17645E13-Contracts - ProposaWChange Order#3 - 02-23-05.doc New Contract Amount: $332,010 Date Date 7 pig\ma's' /; . ra x� G OF TKO AGENDA CATEGORY: COUNCIL/RDA MEETING DATE: June 21, 2005 BUSINESS SESSION: ITEM TITLE: Consideration of a Resolution Adopting the Investment Policy of the Redevelopment Agency CONSENT CALENDAR: for Fiscal Year 2005/2006 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 2005/2006. SEE CITY COUNCIL STAFF REPORT RESOLUTION NO. RA 2005- A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY OF THE CITY OF LA QUINTA APPROVING AND ADOPTING THE AMENDED INVESTMENT POLICY FOR FISCAL YEAR 2005/2006 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 i_y eld 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 2005/2006 Fiscal Year Investment Policy (Exhibit A). PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta Redevelopment Agency, held on this day of , 2005 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