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2005 06 21 RDA Minutes LA QUINT A REDEVELOPMENT AGENCY MINUTES JUNE 21, 2005 A regular meeting of the La Quinta Redevelopment Agency was called to order by Chairman Osborne. PRESENT: Board Members Adolph, Henderson, Perkins, Sniff, Chairman Osborne ABSENT: None PUBLIC COMMENT - None CLOSED SESSION 1 . Conference with the Agency's legal counsel pursuant to Government Code Section 54956.9(c), initiation of litigation (one matter). The Redevelopment Agency recessed to Closed Session at 2:04 p.m., to and until the hour of 7:00 p.m. 7:00 P.M. PUBLIC COMMENT Barbara Bowey, the County Librarian introduced the City's new librarian Irene Wickstrom, who expressed her pleasure to be coming to the beautiful new library the City has constructed. CONFIRMATION OF AGENDA Mayor Adolph requested the removal of Consent Calendar Item No. 5 for separate discussion. APPROVAL OF MINUTES MOTION - It was moved by Board Members Sniff/Henderson to approve the Redevelopment Agency Minutes of June 7, 2005 as submitted. Motion carried unanimously. Redevelopment Agency Minutes 2 June 21, 2005 CONSENT CALENDAR 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 & 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. Mayor Adolph stated he would .Iike to have some guarantee that the run-off damage will be fixed by this additional work. Public Works Director Jonasson said this is not a forever fix but should address the problems of a 10 year storm. It was moved by Board Members Sniff/Adolph to approve Consent Calendar Item No. 5 subject to approval of the contract by the City Manager and City Attorney. Motion carried unanimously. MOTION - It was moved by Board Members Sniff/Henderson to approve the Consent Calendar as amended. Motion carried unanimously. BUSINESS SESSION 1 . CONSIDERATION OF A RESOLUTION ADOPTING THE INVESTMENT POLICY OF THE CITY OF LA GUINTA FOR FISCAL YEAR 2005/2006. There were no changes to the staff report as submitted and on file in the City Clerk's Office. RESOLUTION NO. RA 2005-007 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LA GUINTA, CALIFORNIA, APPROVING AND ADOPTING THE AMENDED INVESTMENT POLICY FOR FISCAL YEAR 2005/2006. Redevelopment Agency Minutes 3 June 21, 2005 It was moved by Board Members Henderson/Sniff to adopt Resolution No. RA 2005-007 as submitted. Motion carried unanimously. STUDY SESSION - None CHAIR AND BOARD MEMBERS' ITEMS - None PUBLIC HEARINGS - None The Redevelopment Agency recessed to Closed Session as delineated on Page 1 at 7:23 p.m. The Redevelopment Agency meeting was reconvened with no decisions being made in Closed Session which require reporting pursuant to Section 54957.1 of the Government Code (Brown Act). ADJOURNMENT There being no further business, it was moved by Board Members Sniff/Henderson to adjourn. Motion carried unanimously. Respectfully submitted, ~ J2:f: ~ JUNE S. GREEK, Secretary City of La Quinta, California