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2006 05 16 RDAeaf q4ad4a 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, MAY 16, 2006 — 2:00 PM Beginning Resolution No. RA 2006-007 CALL TO ORDER Roll Call: Agency Board Members: Adolph, Henderson, Kirk, 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. 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, DOUG EVANS, PURSUANT TO GOVERNMENT CODE SECTION 54956.8 CONCERNING POTENTIAL TERMS AND CONDITIONS OF ACQUISITION AND/OR DISPOSITION OF REAL PROPERTY LOCATED AT 78-990 MILES AVENUE (APN 604-032-22). PROPERTY OWNER/NEGOTIATOR: SOUTHERN CALIFORNIA HOUSING DEVELOPMENT CORP. Redevelopment Agency Agenda 1 May 16, 2006 2. CONFERENCE WITH AGENCY'S REAL PROPERTY NEGOTIATOR, THOMAS P. GENOVESE, PURSUANT TO GOVERNMENT CODE SECTION 54956.8 CONCERNING POTENTIAL TERMS AND CONDITIONS OF ACQUISITION AND/OR DISPOSITION OF REAL PROPERTY LOCATED AT THE SOUTHEAST CORNER OF MILES AVENUE AND WASHINGTON STREET. PROPERTY OWNER/NEGOTIATOR: CP DEVELOPMENT LA QUINTA, LLC., RICHARD OLIPHANT 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 MAY 2, 2006. 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 MAY 16, 2006. 2. RECEIVE AND FILE TREASURER'S REPORT DATED MARCH 31, 2006. 3. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED MARCH 31, 2006. 4. ACCEPTANCE OF THE ARNOLD PALMER CLASSIC COURSE AT SILVERROCK RESORT, PROJECT NO. 2002-07C, 002 Redevelopment Agency Agenda 2 May 16, 2006 5. APPROVAL OF PLANS, SPECIFICATIONS AND ENGINEER'S ESTIMATE AND AUTHORIZATION TO ADVERTISE FOR BID FOR THE VISTA DUNES COURTYARD HOMES, PROJECT 2005-12. 6. APPROVAL OF A PURCHASE AND SALE AGREEMENT BY AND BETWEEN THE REDEVELOPMENT AGENCY AND LORENZO P. AND SANDRA V. PEREYRA TO PURCHASE A SINGLE FAMILY RESIDENCE LOCATED AT 46-178 DUNE PALMS ROAD (APN: 649-040-012), AND THE APPROPRIATION OF $486,500 FROM THE 2004 LOW AND MODERATE HOUSING BOND FUND FOR ACQUISITION, RELOCATION AND PHASE 1 ENVIRONMENTAL SURVEY COSTS. 7. APPROVAL OF A RELOCATION PLAN FOR THE DUNE PALMS ROAD PROJECT. BUSINESS SESSION - NONE STUDY SESSION — NONE CHAIR AND BOARD MEMBERS' ITEMS — NONE PUBLIC HEARINGS 1 . JOINT PUBLIC HEARING WITH THE LA QUINTA CITY COUNCIL TO CONSIDER THE SALE OF REAL PROPERTY LOCATED AT 53-205 AVENIDA NAVARRO BY AND BETWEEN THE LA QUINTA REDEVELOPMENT AGENCY AND KIM LOUTSENHIZER. A. MINUTE ORDER ACTION 2. JOINT PUBLIC. HEARING WITH THE LA QUINTA CITY COUNCIL TO CONSIDER THE SALE OF REAL PROPERTY LOCATED AT 53-195 AVENIDA CARRANZA BY AND BETWEEN THE LA QUINTA REDEVELOPMENT AGENCY AND CORINA GOMEZ. A. MINUTE ORDER ACTION ADJOURNMENT Adjourn to a regularly scheduled meeting of the Redevelopment Agency to be held on June 6, 2006 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. 003 Redevelopment Agency Agenda 3 May 16, 2006 DECLARATION OF POSTING 1, 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 May 16, 2006, 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 111, on May 12, 2006 DATED: May 12, 2006 JUNE S. GREEK, MMC, City Clerk City of La Quinta, California , , i3�4 Redevelopment Agency Agenda 4 May 16, 2006 COUN ITEM TITLE: T ft 4t!t 4 Sepa�w AGENDA CATEGORY: A MEETING DATE: May 16, 2006 CONSENT CALENDAR STUDY SESSION Demand Register Dated May 16, 2006 PUBLIC HEARING RECOMMENDATION: It is recommended the Redevelopment Agency Board: Receive and File the Demand Register Dated May 02, 2006 of which $45,833.01 represents Redevelopment Agency Expenditures. PLEASE SEE CONSENT CALENDAR ITEM NUMBER 1 ON CITY COUNCIL AGENDA ceihf 4 Sep COUNCIL/RDA MEETING DATE: May 16, 2006 ITEM TITLE: Receive and File Transmittal of Treasurer's Report as of March 31, 2006 RECOMMENDATION: It is recommended the La Quinta Redevelopment Agency: AGENDA CATEGORY: BUSINESS SESSION: ..L CONSENT CALENDAR: C STUDY SESSION: PUBLIC HEARING: Receive and File the Treasurer's Report as of March 31, 2006. PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA oos T a 4h of 4 44" AGENDA CATEGORY: BUSINESS SESSION: COUNCIL/RDA MEETING DATE: May 16, 2006 CONSENT CALENDAR: ITEM TITLE: STUDY SESSION: Receive and File Transmittal of Revenue and Expenditure PUBLIC HEARING: Report for March 31, 2006 RECOMMENDATION: Receive and File BACKGROUND AND OVERVIEW: Transmittal of the March 31, 2006 State of Revenue and Expenditures for the La Quinta Redevelopment Agency. Respectfully submitted, X6.�Fa-lconer, Finance Director Approved for submission by: Thomas P. Genovese, Executive Director Attachments 1: Revenue and Expenditures Report, March 31, 2006 007 LA QUINTA REDEVELOPMENT AGENCY REVENUE SUMMARY PROJECT AREA N0,1: 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 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 8,567,604.00 4,838,920.10 3,728,683.90 360,000.00 183,320.73 176,679.27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 276, 000.00 180, 343.50 95,656.50 480,000.00 510,901.10 (30,901.10) 0.00 0.00 0.00 50,000.00 55,531.67 (5,531.67) 30,000.00 32,892.19 (2,892.19) 1,000,000.00 1,054,455.07 (54,455.07) 0.00 0.00 0.00 10,763,604.00 6,856,364.36 3,907,239.64 DEBT SERVICE FUND: Tax Increment 34,270,416.00 19,244,180.08 15,026,235.92 Allocated Interest 300,000.00 472,574.95 (172,574.95) Non Allocated Interest 0.00 0.00 0.00 Interst - County Loan 0.00 0.00 0.00 Interest Advance Proceeds 0.00 0.00 0.00 Transfers In 3,945,802.00 3,465 227.35 480,574.65 TOTAL DEBT SERVICE 38,516,218.00 23,181,982.38 15,334,235.62 CAPITAL IMPROVEMENT FUND - NON-TAXABLE Pooled Cash Allocated Interest 150,000.00 122,459.56 27,540.44 Non Allocated Interest 1,000,000.00 699,072.53 300,927.47 Litigation Settlement Revenue 0.00 0.00 0.00 Loan Proceeds 0.00 0.00 0.00 Rental Income 0.00 0.00 0.00 Transfers In 913 378.00 276 867.94 636,510.06 TOTAL CAPITAL IMPROVEMENT 2,063,378.00 1,098,400.03 964,977.97 CAPITAL IMPROVEMENT FUND - TAXABLE Pooled Cash Allocated Interest 0.00 0.00 0.00 Non Allocated Interest 0.00 0.00 0.00 Litigation Settlement Revenue 0.00 0.00 0.00 Bond proceeds 0.00 0.00 0.00 Rental Income 0.00 0.00 0.00 Transfers In 0.00 0.00 0.00 TOTAL CAPITAL IMPROVEMENT 0.00 0.00 0.00 2 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 LOW/MOD BOND 07/01/2005 - 03/31/06 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 .00 LOW/MODERATE TAX FUND: PERSONNEL 4,900.00 4,988.33 0.00 (88.33) SERVICES 265,405.00 174,556.43 0.00 90,848.57 BUILDING HORIZONS 125,000.00 75,000.00 0.00 50,000.00 LQ RENTAL PROGRAM 332,000.00 204,793.13 0.00 127,206.87 LQ HOUSING PROGRAM 320,000.00 748.00 0.00 319,252.00 LOWMOD VILLAGE APARTMENTS 400,000.00 400,000.00 0.00 0.00 2nd TRUST DEED PROGRAM 3,298,340.00 40,000.00 0.00 3.258,340.00 LQRP - REHABILITATION 0.00 0.00 0.00 0.00 APT REHABILITATION 136,000.00 130,878.88 0.00 5,121.12 FORECLOSURE 150,000.00 0.00 0.00 150,000.00 REIMBURSEMENT TO GEN FUND 679,574.00 509,680.53 0.00 169,893.47 TRANSFERS OUT 3,945,802.00 3,465,227.35 0.00 480,574.65 TOTAL LOW/MOD TAX 9,657,021.00 5,005,872.65 0.00 4,651,148.35 DEBT SERVICE FUND: SERVICES 537,800.00 297,050.58 0.00 240,749.42 BOND PRINCIPAL 2,500,000.00 2,500,000.00 0.00 0.00 BOND INTEREST 7,805,905.00 7,805,905.26 0.00 (0.26) INTEREST CITY ADVANCE 1,124,738.00 869,738.18 0.00 254,999.82 PASS THROUGH PAYMENTS 16,610,336.00 9,352,710.40 0.00 7,257,625.60 ERAF SHIFT 2,903,657.00 0.00 0.00 2,903,657.00 TRANSFERS OUT 4,374,737.00 3,738,227.35 0.00 636,509.65 TOTAL DEBT SERVICE 35,857,17 .00 24,563,631.77 0.00 11,293,541.23 CAPITAL IMPROVEMENT FUND: PERSONNEL 4,900.00 4,988.33 0.00 (88.33) SERVICES 313,862.00 160,314.59 0.00 153,547.41 LAND ACQUISITION 0.00 0.00 0.00 ASSESSMENT DISTRICT 0.00 0.00 0.00 0.00 ADVERTISING -ECONOMIC DEV 0.00 2,000.00 0.00 (2,000.00) ECONOMIC DEVELOPMENT 48,500.00 0.00 0.00 48,500.00 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 319,515.00 239,636.24 0.00 79,878.76 TRANSFERS OUT 23,578,108.00 5,458,868.13 0.00 18,119,239.87 TOTAL CAPITAL IMPROVEMENT 24,2 ,88 .00_ 5,865,807.29 0.00 18,399,077.71 CAPITAL IMPROVEMENT FUND/TAXABLE BOND BOND ISSUANCE COSTS 0.00 0.00 0.00 0.00 TRANSFERS OUT (4,594.00) 0.00 0.00 (4,594.00) TOTAL CAPITAL IMPROVEMENT (4,594.00) 0.00 0.00 (4,594.00) 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 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 4,707,594.00 2,692,397.69 2,015,196.31 275, 300.00 202,188.73 73,111.27 0.00 0.00 0.00 0.00 0.00 0.00 15,000.00 15,320.18 (320.18) 112,500.00 250,301.85 (137,801.85) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5,110,394.00 3,160,208.45 1,950,185.55 0.00 0.00 0.00 0.00 0.00 0.00 1,418,400.00 1,593,995.84 (175,595.84) 0.00 0.00 0.00 1,418,400.00 1,593,995.84 (175,595.84) DEBT SERVICE FUND: Tax Increment 18,830,375.00 10,695,317.80 8,135,057.20 Allocated Interest 275,000.00 349,266.18 (74,266,18) Non Allocated Interest 0.00 0.00 0.00 Interest Advance Proceeds 0.00 0.00 0.00 Transfer In 7,998,654.00 7,998,653.78 0.22 TOTAL DEBT SERVICE 27,104,029.00 19,043,237.76 8,060,791.24 CAPITAL IMPROVEMENT FUND: Allocated Interest 80,000.00 70,600.07 9,399.93 Non Allocated Interest 0.00 0.00 0.00 Developer Agreement 7,824,584.00 7,824,583.57 0.43 Transfers In 0.00 0.00 0.00 TOTAL CAPITAL IMPROVEMENT 7,904,584.00 7,895,183.64 9,460.36 )10 4 LA QUINTA REDEVELOPMENT AGENCY EXPENDITURE SUMMARY PROJECT AREA NO.2: 0710l/2005 - 03/31/06 REMAINING BUDGET EXPENDITURES ENCUMBERED BUDGET LOW/MODERATE BOND FUND 0.00 0.00 0.00 0.00 2nd TRUST DEEDS LAND 0.00 0.00 0.00 0.00 BOND ISSUANCE COSTS 0.00 0.00 0.00 0.00 TRANSFERS OUT 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 2,900.00 3,018.71 0.00 (118.71) SERVICES 280,628.00 193,069.43 0.00 87,558.57 2ND TRUST DEEDS 852,693.00 0.00 0.00 852,693.00 2ND TRUST DEEDS FROM CENTERPOINTE 2,520,000.00 0.00 0.00 2,520,000.00 48TH AND ADAMS - FROM CENTERPOINTE 1,423,203.00 710.00 0.00 1,422,493.00 WASH/MILES PROJECT 0.00 0.00 0.00 0.00 VISTA DUNES MOBILE HOME PARK 147,307.00 111,935.91 0.00 35,371.09 LOW MOD HOUSING PROJECT 105,015.00 0.00 0.00 105,015.00 47TH/ADAMS PROJECT 776,239.00 0.00 0.00 776,239.00 FORECLOSURE ACQUISITION 150,000.00 0.00 0.00 150,000.00 REIMBURSEMENT TO GEN FUND 350,708.00 263,030.95 0.00 87,677.05 TRANSFERS OUT 1,846,754.00 1,706,753.78 0.00 140,000.22 TOTAL LOW/MOD TAX 8,455,447.00 2,278,518.78 0.00 6,176,928.22 2004 LOW/MODERATE BOND FUND HOUSING PROGRAMS 51,021,866.00 48.00 0.00 51,021,816.00 LAND 3,000,000.00 0.00 0.00 3,000,000.00 TRANSFERS OUT 3,361,986.00 1,112,517.44 0.00 2,249,468.56 TOTAL LOW/MOD BOND 57,383,85 .00 1,112,565.44 0.00 56,271,286.56 DEBT SERVICE FUND: SERVICES 195,970.00 152,363.88 0.00 43,606.12 BOND PRINCIPAL 200,000.00 100,000.00 0.00 100,000.00 BOND INTEREST 319,168.00 319,167.50 0.00 0.50 INTEREST CITY ADVANCE 1,205,104.00 955,104.19 0.00 249,999.81 PASS THROUGH PAYMENTS 16,020,307.00 8,802,077.76 0.00 7,218,229.24 TRANSFERS OUT 1,706,754.00 1,706,753.78 0.00 0.22 TOTAL DEBT SERVICE 19, 7,303.00 12,035,467.11 0.00 7,611,835.89 CAPITAL IMPROVEMENT FUND: PERSONNEL 2,900.00 3,017.13 0.00 (117.13) SERVICES 195,162.00 51,478.41 0.00 143,683.59 ADVERTISING -ECONOMIC DEV 0.00 0.00 0.00 0.00 ECONOMIC DEVELOPMENT ACTIVITY 0.00 0.00 0.00 0.00 REIMBURSEMENT TO GEN FUND 23,903.00 17,927.28 0.00 5,975.72 TRANSFERS OUT 6,776,933.00 6,468,347.27 0.00 308,585.73 TOTAL CAPITAL IMPROVEMENT 6,998,898.00 6,540,770.09 0.00 458,127.91 5 COUNCIURDA MEETING DATE: May 16, 2006 ITEM TITLE: Acceptance of the Arnold Palmer Classic Course at SilverRock Resort, Project No. 2002-07C RECOMMENDATION: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: 4 STUDY SESSION: PUBLIC HEARING: Accept the Arnold Palmer Classic Course at SilverRock Resort Golf Course No. 1, Project No. 2002-07C as complete; authorize the City Clerk to file a Notice of Completion with the Office of the County Recorder; authorize staff to release any remaining retention to Weitz Golf, Inc. thirty-five (35) days after the Notice of Completion is recorded. FISCAL IMPLICATIONS: The following is a budget summary: Original Contract Amount Golf Course No. 1 SilverRock Phase 1 Amenities Total Original Contract Amount Contract Change Order Nos. 1-71 Revised Total Contract Amount paid to date Remaining Fiscal Commitment $8,187,850.00 $3,133,154.00 $1 1,321,004.00 $2,310,599.62 $13, 631, 603.62 $13,532,603.62 $ 99,000.00 Amenities in support of Phase 1 of SilverRock Resort constructed by Weitz Golf are as follows: Access Roads Village Lakes Comfort Station Utilities Site Electrical Service Canal Jacking Operations Grand Total: $20,480.00 $ 2, 300, 000.00 $198,924.00 $550,000.00 $63,750.00 $ 3,133,154.00 S:\CityMgr\STAFF REPORTS ONLY\C4 Proj 2002-07C.doc Seventy-one change orders were necessary to complete the golf course construction in order to be opened in early 2005. A detailed summary of those change orders is included as Attachment 1. The change order cost by category is as follows: Accelerated Schedule Cost $421,472.24 BOR/CVWD Permit Delays $413,966.54 Design Modifications $366,135.12 Bob Hope Chrysler Classic Requests $287,001 .53 Work Moved to Weitz Contract $225,948.79 Weather Related Repair Work $208,323.10 Verizon Delay Claims to Date $172,315.32 Phone Service to Site $131,814.07 Landscape Plan Changes $83,622.81 Total: $2,310,599.52 The final retention payment of $99,000 was withheld pending the completion of as - built plans for the native areas, replacement of 12 warrantee trees, and repair of a water main leak on hole #7. These items were completed as of May 5, 2006. On November 10, 2005, the City filed a claim against Verizon in the amount of at least $641,001.57 for delays to Wood Bros, Weitz Golf, and Weitz's subcontractors caused by conflicts with Verizon's underground facilities. A claim by the golf course contractor, Weitz Golf, was filed on this project on April 11, 2006 in the amount of $1,312,156.51. Staff will continue to apprise the Agency of progress to resolve both claims. BACKGROUND AND OVERVIEW: This project consisted of the construction of the Arnold Palmer designed 18 hole championship golf course known as the Arnold Palmer Classic Course at SilverRock, as well as numerous amenities in support of the first phase of the development of SilverRock Resort. The golf course construction consisted of approximately 140,000 square feet of greens, 335,000 square feet of tees, 213,000 square feet of sand bunkers, 50 acres of fairways, 75 acres of rough, 18 acres of lakes, 25 acres of native landscape, a 12 acre driving range, and 30,000 linear feet of golf cart path. The work included, but was not limited to, dust control, clearing and grubbing, rough and finish shaping and any other specialty shaping requested by Palmer Design. The greens were constructed to the United States Golf Association (USGA) specifications. The amenities also included the purchase and installation of the golf course drainage, landscape and native irrigation, lake equalization lines, soil amendments, and all of the landscape plant material for the golf course and native areas. The contractor, Weitz Golf, was responsible for installing irrigation main lines under the All American Canal as well as constructing the entry feature and village lake systems, and the golf course irrigation pump station. The contractor purchased and installed the potable water, sewer, and power lines for the two comfort stations located on the golf course. The final cost for Weitz to construct non -golf amenities and infrastructure in support of Phase 1 of the SilverRock Resort, such as the village lake system, access roads, water, sewer, and power lines, for the site was approximately $3.1 million excluding contract change S:\CityMgr\STAFF REPORTS ONLY\C4 Proj 2002-07C.doc orders. Outstanding Claims On November 10, 2005, the City filed a claim against Verizon in the amount of at least $641,001.57 for delays caused to Weitz Golf and its subcontractors due to Verizon's inability to relocate its facilities in a timely manner. Staff will inform the Agency of the resolution of this claim at a future meeting. A claim for $1,312,156.51 was filed by Weitz Golf on April 11, 2006 for acceleration and other costs associated with meeting the grassing schedule for the project. Among other things, staff believes these costs were in large part covered by the contract change orders previously approved for the project. Staff will continue to negotiate with Weitz Golf on their claim and report back as to the progress at a future Agency meeting. Staff has reviewed the golf course construction and confirmed the project complies with the contract terms, conditions, plans and specifications. As of May 5, 2006, the project work, including the added work and warranty items, was considered 100% complete and is recommended for acceptance by the Agency. Prior to filing the Notice of Completion, staff must receive authorization from the Agency to accept this project as complete and authorize the City Clerk to file a Notice of Completion. Thirty-five (35) days after the Notice of Completion is recorded, staff will release any remaining retention. FINDINGS AND ALTERNATIVES: The alternatives available to the Agency include: 1. Accept the Arnold Palmer Classic Course at SilverRock Resort Golf Course No. 1, Project No. 2002-07C as complete; authorize the City Clerk to file a Notice of Completion with the Office of the County Recorder; authorize staff to release any remaining retention to Weitz Golf, Inc. thirty-five (35) days after the Notice of Completion is recorded; or 2. Do not Accept the Arnold Palmer Classic Course at SilverRock Resort Golf Course No. 1, Project No. 2002-07C as complete; authorize the City Clerk to file a Notice of Completion with the Office of the County Recorder; authorize staff to release any remaining retention to Weitz Golf, Inc. thirty-five (35) days after the Notice of Completion is recorded; or 3. Provide staff with alternative direction. 014 S:\CityMgr\STAFF REPORTS ONLY\C4 Proj 2002-07C.doc Respectfully submitted, Ti othy R. J nass n P.E. ublic Works Dire /City Engineer Approved for submission by: Thomas P. Genovese, Executive Director Attachment : 1. Contract Change Order Summary 015 S:\CityMgr\STAFF REPORTS ONLY\C4 Proj 2002-07C.doc COUNCIL/RDA MEETING DATE. May 16, 2006 ITEM TITLE: Approval of Plans, Specifications and Engineer's Estimate and Authorization to Advertise for Bid for the Vista Dunes Courtyard Homes, Project 2005-12 RECOMMENDATION: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: 6- 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 Vista Dunes Courtyard Homes, Project No. 2005-12. FISCAL IMPLICATIONS: Based upon the Engineer's estimate of probable construction costs in the amount of $18,000,000 the following represents the anticipated project budget: Activity Budget Construction $1710001000 Contingency @ 6% $110001000 TOTAL: $181000, 000 Funding for the project will come from the 2004 Housing Bond proceeds. CHARTER CITY IMPLICATIONS: The project is being bid as a non -prevailing wage job thereby decreasing the costs of construction to the Agency. BACKGROUND AND OVERVIEW: In December 2003 the Agency Board authorized staff to purchase the Vista Dunes Mobile Home Park, and refine the site and building plans. At that meeting, the Board also reviewed a preliminary site and building construction budget that anticipated $13.0 million hard construction costs, based upon using manufactured homes. The Board also directed staff to incorporate additional building and site enhancements. Staff presented these enhancements in August 2004; they included the following: • Increasing the home size/changing construction approach. The total home square footage for all units increase by 44 percent from 71,000 square feet to the current 017 S:\CITYMGR\STAFF REPORTS ONLY\C-1 PSE VISTA DUNES.DOC 103,000 square feet. In order to incorporate other design features, the construction method was changed from manufactured to site -built units. This allowed for building improvements that would be compatible with the desert environment. • Parking improvements. The parking spaces that serve each unit were housed in carports versus open parking stalls. • Solar electricity generation. Incorporate solar energy panels so that each dwelling would benefit from reduced electric energy costs. • Incorporate better building materials. Improve the exterior and interior finish materials so that the dwellings would be more durable and on -going maintenance costs would be reduced. The Engineer's Estimate anticipates that site and building improvement costs will be $18.0 million or a 38 percent increase. This is due to the above improvements and the fact that labor and material costs have increase by at least 30 percent since December 2003. The PS&E are now substantially complete and will be available in the Building and Safety Department for review. Assuming the Agency approves the authorization to receive bids for the aforementioned buildings on May 16, 2006, the following represents the anticipated project schedule: Approve PS&E and authorize to receive bids May 16, 2006 Bid Opening June 21, 2006 Award Construction Contract July 5, 2006 Construction Period July 2006-July 2007 Accept Improvements August 2007 FINDINGS AND ALTERNATIVES: Alternatives available to the Agency Board include: 1. Approve the Plans, Specifications, and Engineer's Estimate (PS&E) of probable construction costs and authorize staff to advertise for bids for the Vista Dunes Courtyard Homes Project No. 2005-12; 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 project; or 3. Provide staff with alternative direction. Pq C-1 PSE VISTA DUNES.DOC Respectfully submitted, 90- Tom Hartung, Director of Building and Safety Approved for submission by: r14 .' . /' � �zy- , - - , Thomas P. Genovese, Executive Director 3 C-1 PSE VISTA DUNES.DOC COUNCIL/RDA MEETING DATE: May 16, 2005 ITEM TITLE: Approval of a Purchase and Sale Agreement by and Between the Redevelopment Agency and Lorenzo P. and Sandra V. Pereyra to Purchase a Single Family Residence Located at 46-178 Dune Palms Road (APN: 649-040-012), and the Appropriation of $486,500 from the 2004 Low and Moderate Housing Bond Fund for Acquisition, Relocation, and Phase 1 Environmental Survev Costs RECOMMENDATION: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: Approve the Agreement for Purchase and Sale and appropriate $486,500 from the 2004 Low and Moderate Income Housing Bond Fund to underwrite acquisition, relocation, appraisal, and phase 1 environmental investigation. FISCAL IMPLICATIONS: Purchasing this property will result in the expenditure of up to $486,500 of 2004 Low and Moderate Income Housing Bond Fund proceeds. As the Agency endeavors to purchase other properties located southeast of the intersection of Westward Ho Drive and Dune Palms Road, up to $2,800,000 of additional housing fund expenditures may be required to acquire these other properties and relocate their occupants. BACKGROUND AND OVERVIEW: The Agency Board directed the Executive Director to transmit a letter to property owners who have holdings southeast of the Westward Ho Drive and Dune Palms Road intersection. The Agency Board indicated an interest in purchasing these properties so that: • The City may widen Dune Palms Road from the CVWD Stormwater Channel north to Westward Ho. The proposed Dune Palms Road alignment will result in the roadway being adjacent to front entries of the existing homes, requiring a full versus a partial takes to accommodate street widening activities. C►20 • The Agency may enlarge the site it owns immediately southeast of the Westward Ho/Dune Palms Road intersection to accommodate CVWD well site parcel size requirements (this property is scheduled to be improved and transferred to CVWD to satisfy some of the SilverRock domestic well requirements). The Agency may assemble parcels for affordable housing development. A letter was transmitted to the owners and RSG was subsequently contacted by all of the owners, and four of six expressed interest in entering into property acquisition negotiations with the Agency. Three properties entail single-family residences and the fourth is a vacant parcel. The total land area encompasses 5.12 acres. The attached Purchase and Sale Agreement is the second of two that staff is requesting the Agency Board consider. Attachment 1 identifies the subject property. This Agreement involves a 7,800 square foot parcel that is developed with a single- family residence; this property fronts Dune Palms Road. The property owners, Mr. Lorenzo P. and Sandra V. Pereyra, have agreed to sell their property at the appraised value ($390,000) and require up to $51,000 in relocation assistance. The relocation assistance will facilitate their move to a home they wish to purchase in Palm Desert. When acquired, the existing improvements will be demolished, the Dune Palms Road frontage will be dedicated to the City to facilitate Dune Palms Road widening, and the remaining property will be combined with the adjoining parcels as they are acquired. If the Agreement is approved by the Agency Board, an environmental consultant will complete a hazardous materials review to determine if there is soils contamination. An initial review indicated that there was none. If the survey reports problems, then the means to correct these problems will be identified and implemented before closing escrow. If the property is clean, then staff will proceed to close escrow. Staff is requesting the appropriation of an additional $45,200 to commission additional real property appraisals and Phase 1 environmental assessments. Up to $15,200 of appraisal costs may be incurred; with the pending Hartnett and Pereyra sales, adjoining Dune Palms Road property owners have expressed interest in selling their properties to the Agency. Up to $30,000 of phase 1 environmental assessment costs may be incurred related to conducting environmental surveys of the Dune Palms Road properties, and the Washington Street and Highway 1 1 1 properties the Agency has under consideration. FINDINGS AND ALTERNATIVES: The alternatives available to the Agency Board include: 1 . Approve the Agreement for Purchase and Sale and appropriate $486,500 from the 2004 Low and Moderate -Income Housing Bond Fund to underwrite acquisition, relocation, a hazardous materials survey and closing costs; or GPI 2. Do not Approve the Agreement for Purchase and Sale and appropriate $486,500 from the 2004 Low and Moderate -Income Housing Bond Fund to underwrite acquisition, relocation, a hazardous materials survey and closing costs; or 3. Provide staff with alternative direction. Respectfully submitted, kozVLvi.� Douglas R./Evans Community Development Director Approved for submission by: Thomas P. Genovese, City Manager Attachments: 1 . Vicinity Map 2. Purchase and Sale Agreement 21) ATTACHMENT 1 ATTACHMENT #2 AGREEMENT FOR PURCHASE AND SALE AND ESCROW INSTRUCTIONS THIS AGREEMENT FOR PURCHASE AND SALE AND ESCROW INSTRUCTIONS ("Agreement") is made and entered into as of , 2006 ("Effective Date") by and between LORENZO PEREYRA AND SANDRA PEREYRA (collectively, "Seller") and the LA QUINTA REDEVELOPMENT AGENCY, a public body corporate and politic ("Buyer"). RECITALS: A. Seller is the owner of that certain real property located in the City of La Quinta, County of Riverside, State of California, commonly known as 46178 Dune Palms Road (APN 649-040-012), more particularly described in the legal description attached hereto as Exhibit "A" (the "Real Property") improved with a residential dwelling and a swimming pool, spa, and a Cabana with a separate bath (the "Improvements"). B. Buyer desires to purchase the Property (as that term is defined below) from Seller, and Seller desires to sell the Property to Buyer, on the terms and conditions set forth herein. C. On February 27, 2006, Buyer issued an offer letter to Seller indicating Buyer's intention to acquire the Property for the public purpose of developing the Real Property as an affordable housing project. This action will cause Seller to become a displaced person pursuant to the California Relocation Assistance Act (Cal. Govt. Code § 7260 et seq.) and Buyer is complying with the provisions of the Relocation Assistance Act. AGREEMENT: NOW, THEREFORE, in consideration of the foregoing recitals and mutual covenants herein contained, the parties hereto agree as follows: 1. PROPERTY. Subject to all of the terms, conditions and provisions of this Agreement, and for the consideration herein set forth, Seller hereby agrees to sell to Buyer and Buyer hereby agrees to purchase from Seller the Real Property and Seller hereby agrees to sell and Buyer hereby agrees to buy the following: 1.1 Improvements. Seller's interest in and to the Improvements and all tenements, hereditaments and appurtenances thereto, subject to the Permitted Exceptions (as that term is defined in Section 8.1); 1.2 Fixtures and Personal Property. Any and all fixtures and fittings that are attached to the Real Property and Improvements, all existing electrical, mechanical, lighting, plumbing and heating fixtures, ceiling fans, fireplace inserts, gas logs and grates, solar systems, built-in appliances, window and door screens, awnings, shutters, window coverings, attached floor coverings, television antennas, private integrated telephone systems, air coolers/conditioners, pool/spa equipment, garage door openers/remote controls, mailbox, in -ground landscaping, 2156/015610-0090 703341.01 a05/10/06 1 0'' 4 trees/shrubs, water softeners, water purifiers, and security systems/alarms (collectively, the "Fixtures and Personal Property"). However, Buyer and Seller agree that Seller may remove the following items in the home: (1) cabinets in the kitchen; (2) the refrigerator and microwave; (3) a bookcase in the den and (4) several plants described as a palm tree and lemon tree, provided that following removal of these plants, the Seller shall fill in the holes. Seller shall use due care in removing these items and shall not cause waste to the Real Property in removing such items. The Real Property, the Improvements, and the Personal Property are hereinafter collectively referred to as the "Property." 2. PURCHASE PRICE. 2.1 Amount. The purchase price which Seller agrees to accept and Buyer agrees to pay for the Property is the sum of THREE HUNDRED AND NINETY THOUSAND DOLLARS ($390,000.00) ("Purchase Price"). The parties agree that with the exception of relocation benefits referenced in the Section 3, below, the Purchase Price reflects the full payment that Seller will receive from Buyer for the Property. 2.2 Payment of Purchase Price. On or before 5:00 p.m. on the business day preceding the "Closing Date" (as that term is defined in Section 6.1) or such earlier time as required by "Escrow Holder" in order to close "Escrow" (as those terms are defined in Section 4.1) on the Closing Date, Buyer shall deposit with Escrow Holder the Purchase Price. 3. RELOCATION ASSISTANCE. In addition to the Purchase Price, Buyer and Seller agree that Seller shall be entitle to the relocation assistance pursuant to California Relocation Assistance Act (Cal. Govt. Code Sections 7260 et seq.; Relocation Assistance and Real Property Acquisition Guidelines, California Administrative Cove Title 25), in accordance with the terms and amounts in the relocation benefit letter that will be issued by RSG. For reference purposes only, it is anticipated that the Seller shall receive relocation assistance benefits in the amount of $50,750, which benefits shall be paid pursuant to the eligibility letter and not through this escrow. 4. ESCROW. 4.1 Opening of Escrow. Closing of the sale of the Property shall take place through an escrow ("Escrow") to be established within three (3) business days after the execution of this Agreement by the parties hereto, with Four Seasons Escrow, Inc. ("Escrow Holder") at its office located at 47-350 Washington Avenue, Suite 101, La Quinta, California 92253. The opening of the Escrow (the "Opening of Escrow") shall be deemed to be the date that a fully executed copy of this Agreement is delivered to the Escrow Holder. Escrow Holder is instructed to notify Buyer and Seller in writing of the date of the Opening of Escrow. 4.2 Escrow Instructions. This Agreement, once deposited in Escrow, shall constitute the joint escrow instructions of Buyer and Seller to Escrow Holder. Additionally, if Escrow Holder so requires, Buyer and Seller agree to execute the form of escrow instructions that Escrow Holder customarily requires in real property escrows administered by it. In the event of any conflict or inconsistency between Escrow Holder's standard instructions and the provisions of this Agreement, the provisions of this Agreement shall supersede and be controlling. The 2156/015610-0090 703341.01 a05/10/06 -2- parties additionally agree to the Escrow Holder's standard terms, a copy of which is attached hereto as Exhibit E and to the additional supplemental instructions contained in Exhibit F. 5. TITLE MATTERS. Buyer shall obtain a preliminary title report prepared by Old Republic Title Company ("Title Company"), located at 25240 Hancock Avenue, Suite 330, Murrieta, California 92562, describing the state of title of the Property together with copies of all underlying documents and a map of plotted easements (collectively, the "Preliminary Title Report"). Buyer may, at its sole cost and expense, obtain a current survey of the Property (the "Survey"). Notwithstanding anything herein to the contrary, Seller shall be obligated to remove all monetary encumbrances against the Property excluding non -delinquent real property taxes (except as otherwise provided for in Section 9 below). Buyer shall notify Seller in writing of any objections Buyer may have to title exceptions contained in the Preliminary Title Report or matters shown on the Survey (if Buyer has obtained) no later than the date which is fifteen (15) days after the later of (i) its receipt of the Preliminary Title Report or (ii) its receipt of the Survey ("Buyer's Objection Notice"). Buyer's approval or disapproval of the matters set forth in the Preliminary Title Report (and the Survey, if applicable) may be granted or withheld in Buyer's sole and absolute discretion. Buyer's failure to provide Seller with a Buyer's Objection Notice within said period shall constitute Buyer's approval of all exceptions to title shown on the Preliminary Title Report and all matters shown on the Survey (if Buyer has obtained). Seller shall have a period of five (5) days after receipt of Buyer's Objection Notice in which to deliver written notice to Buyer ("Seller's Notice") of Seller's election to either (i) agree to remove the objectionable items on the Preliminary Title Report or Survey prior to the Close of Escrow, or (ii) decline to remove any such title exceptions or Survey matters and terminate Escrow and the obligations of Buyer and Seller to purchase and sell the Property under this Agreement. Seller's failure to provide Buyer with Seller's Notice within said period shall constitute Seller's election to remove the objectionable items on the Preliminary Title Report. If Seller notifies Buyer of its election to terminate rather than remove the objectionable items on the Preliminary Title Report or Survey, Buyer shall have the right, by written notice delivered to Seller within five (5) days after Buyer's receipt of Seller's Notice, to agree to accept the Property subject to the objectionable items, in which event Seller's election to terminate shall be of no effect, and Buyer shall take title at the Close of Escrow subject to such objectionable items without any adjustment to or credit against the Purchase Price. All exceptions to title shown on the Preliminary Title Report, other than those which Seller may agree to remove pursuant to this Section 4.2, shall be deemed to have been approved by Buyer unless Seller is notified otherwise in writing. Upon the issuance of any amendment or supplement to the Preliminary Title Report which adds additional exceptions, including any survey exceptions, the foregoing right of review and approval shall also apply to said amendment or supplement. The process set forth above for Buyer's review and Seller's response shall apply to any review and response with respect to any amendment or supplement to the Preliminary Title Report, and the Closing shall be extended for such period as is necessary to allow for that review and response process to be completed. 6. CLOSE OF ESCROW. 6.1 Close of Escrow; Closing Date. Provided that all of the conditions of this Agreement precedent to the "Close of Escrow" (as hereinafter defined) as set forth in Section 10 2156/015610-0090 703341.01 a05/10/06 -3- 026 below have been satisfied (or waived by the appropriate party) prior to or on the Closing Date, the Closing of this transaction for the sale and purchase of the Property shall take place on or before June 12, 2006 ("Outside Closing Date"). Notwithstanding the foregoing, if Buyer and Seller agree to advance the Closing, and so long as all of "Buyer's Conditions to Closing" and all of "Seller's Conditions to Closing" (as those terms are defined in Section 10) have been satisfied (or waived by the appropriate party), Seller and Buyer may elect to authorize the Closing before the Outside Closing Date. The terms "Close of Escrow", "Closing Date" and the "Closing" are used herein to mean the time Seller's grant deed conveying fee title to the Property to Buyer is recorded in the Official Records of the Office of the County Recorder of Riverside ("Official Records"). If Escrow is not in a condition to close by the Outside Closing Date, either party not then in default hereunder may, upon five (5) days advance written notice to the other party and Escrow Holder, elect to terminate this Agreement and the Escrow. No such termination shall release either party then in default from liability for such default. If neither party so elects to terminate this Agreement and the Escrow, Escrow Holder shall close the Escrow as soon as possible. 6.2 Recordation; Release of Funds and Documents. 6.2.1 Escrow Holder is directed, on the Closing Date, to record in the Official Records, the following documents in the order listed: (i) the grant deed (in the form attached hereto as Exhibit `B") transferring title to the Property to Buyer ("Grant Deed"); and (ii) such other and further documents as may be directed jointly by Buyer and Seller. 6.2.2 Upon the Closing, Escrow Holder shall deliver (i) the Purchase Price, less any amount to pay property taxes and/or assessments allocable to Seller pursuant to Section 9, and (ii) conformed copies of all recorded documents to both Buyer and Seller. 7. DELIVERY OF DOCUMENTS REQUIRED FROM BUYER AND SELLER. 7.1 Buyer's Obligations. Buyer agrees that on or before 5:00 p.m. of the last business day immediately preceding the Closing Date, Buyer shall deposit or cause to be deposited with Escrow Holder the following: (a) the Purchase Price; and (b) any and all additional funds, instruments or other documents required from Buyer (executed and acknowledged where appropriate) as may be reasonably necessary in order for the Escrow Holder to comply with the terms of this Agreement. 7.2 Seller's Obligations. Seller agrees that on or before 5:00 p.m. of the last business day immediately preceding the Closing Date, Seller shall deposit or cause to be deposited with Escrow Holder each of the following: (a) the executed and acknowledged Grant Deed, subject only to the Permitted Exceptions (defined hereafter); (b) a Certificate of Non -Foreign Status (the "Non -Foreign Affidavit") executed and acknowledged by Seller in the form attached hereto as Exhibit "C"; 2156/015610-0090 703341.01 a05/10/06 4 �' 0 (c) a Bill of Sale (the "Bill of Sale") executed and acknowledged by Seller in the form attached hereto as Exhibit "D"; and (d) all other funds, items, and instruments required from Seller (executed and acknowledged where appropriate) as may be reasonably necessary in order for Escrow Holder to comply with the provisions of this Agreement. 8. TITLE INSURANCE POLICY. 8.1 Title Policy. At the Closing Date, the Title Company, as insurer, shall issue a CLTA owner's standard coverage policy of title insurance ("Title Policy"), in favor of Buyer, as insured, with liability in the amount of the Purchase Price, subject to the following (the "Permitted Exceptions"): (a) non -delinquent real property taxes, subject to Seller's obligations to pay certain taxes pursuant to Section 9 below; (b) covenants, conditions, restrictions and reservations of record that do not interfere with the Buyer's proposed use of the Property, as determined in the sole and absolute discretion of Buyer; (c) easements or rights -of -way over the Property for public or quasi -public utility or public street purposes; (d) title exceptions approved or deemed approved by Buyer pursuant to Section 4.2 above; (e) any other exceptions approved by Buyer; and (f) the standard printed conditions and exceptions contained in the CLTA standard owner's policy of title insurance regularly issued by the Title Company. 8.2 Payment for Title Policy. Buyer shall be responsible for the charges for the Title Policy with coverage up to the amount of the Purchase Price. Buyer shall pay any additional coverage or endorsements it requests. Buyer may, at its election and expense, request an ALTA extended policy of title insurance. Buyer shall also pay for the Survey, if applicable. 9. REAL PROPERTY TAXES AND ASSESSMENTS. Upon Buyer's acquisition of fee title to the Property, the Property will be exempt from the payment of property taxes due to Buyer's status as a public agency. Seller shall be responsible for paying (through Escrow at Closing) all real and personal property taxes and assessments which are of record as of the Closing Date and/or have accrued against the Property prior to (and including) the Closing Date (notwithstanding whether such taxes and/or assessments are due and payable as of the Closing Date). Buyer hereby acknowledges and agrees that Buyer will provide the funds necessary to completely payoff, at Closing, any amounts outstanding under the City of La Quinta Assessment District 2000-1. Seller shall be responsible for paying for all real or personal property taxes or assessments assessed against the Property after the Closing for any period prior to the Closing. 2156/015610-0090 703341.01 a05/10/06 -5- 10. CONDITIONS PRECEDENT TO CLOSING. 10.1 Conditions Precedent to Buyer's Obligations. The obligations of Buyer under this Agreement to purchase the Property and close the Escrow shall be subject to the satisfaction or signed written waiver by Buyer of each and all of the following conditions precedent (collectively, "Buyer's Conditions to Closing"): (a) on the Closing Date, the Title Company shall be irrevocably committed to issue the Title Policy pursuant to Section 8 above insuring fee title to the Property as being vested in Buyer, subject only to the Permitted Exceptions; (b) Escrow Holder holds all instruments and funds required for the Closing and will deliver to Buyer the instruments and funds, if any, accruing to Buyer pursuant to this Agreement; (c) except as otherwise permitted by this Agreement, all representations and warranties by the Seller in this Agreement shall be true on and as of the Closing Date as though made at that time and all covenants of Seller pursuant to this Agreement shall have been fulfilled by the Closing Date; (d) Seller is not in material default of any term or condition of this Agreement; (e) as of the Closing Date, no judicial or administrative challenges have been presented or filed against the Agency or the City of La Quinta's actions in connection with developing the Real Property as an affordable housing project, including, without limitation, any challenge to environmental approvals or financing methods; and In the event that any of Buyer's Conditions to Closing are not satisfied, deemed satisfied, or waived in a writing signed by Buyer prior to the expiration of the applicable period for satisfaction or waiver, Buyer may terminate this Agreement. 10.2 Conditions Precedent to Seller's Obligations. The obligations of Seller under this Agreement shall be subject to the satisfaction or signed written waiver by Seller of each and all of the following conditions precedent ("Seller's Conditions to Closing"): (a) Escrow Holder holds the Purchase Price and all other instruments and funds required for the Closing and will deliver to Seller the instruments and funds, including but not limited to the Purchase Price (less Seller's closing costs) accruing to Seller pursuant to this Agreement; (b) except as otherwise permitted by this Agreement, all representations and warranties by the Buyer in this Agreement shall be true on and as of the Closing Date as though made at that time and all covenants of Buyer pursuant to this Agreement shall have been fulfilled by the Closing Date; and Agreement. 2156/015610-0090 703341.01 a05/10/06 (c) Buyer is not in material default of any term or condition of this In 629 In the event that any of Seller's Conditions to Closing are not satisfied, deemed satisfied, or waived in a writing signed by Seller prior to the expiration of the applicable period for satisfaction or waiver, Seller may terminate this Agreement. 11. POSSESSION. After the Close of Escrow, Buyer agrees to allow Seller to remain in possession of the Property up to and including the earlier of the following dates: (1) one hundred and twenty (120) days after the Closing, or (2) the date when Seller surrenders possession of the Property to Buyer. Seller agrees that on or before that date, Seller shall surrender the Property to the City. Seller's right of possession under this provision shall not be transferable and may only be utilized by Seller and Seller's immediate family. Seller shall coordinate the delivery of keys and transfer of possession with the Public Works Department of the City of La Quinta or its designee. During the Holdover Period, Seller shall pay rent to Buyer in the amount of ONE THOUSAND DOLLARS ($1,000) per month ("Rent"). Rent shall be due and payable, in advance, on the first day of each month, except that if the Close of Escrow occurs on a day other than the first of the month then Rent shall be prorated for the number of days remaining in that month and the number of days in the last month of the Holdover Period. Additionally, during the Holdover Period, Seller shall be responsible for the payment of all utilities, telephone, waters, alarm systems, gardening services, landscape maintenance and such other charges as those normally paid by a month -to -month tenant of residential property. Prior to the transfer of possession, Seller shall coordinate with Buyer as to the cancellation and/or transfer of any ongoing services, such as utilities. Seller shall take no action which would result in a lien or assessment being recorded against or imposed upon the Property. Seller may wish to obtain renters insurance and any other insurance Seller deems necessary to protect Seller's interests and the interests of Seller's family. Seller understands that Buyer is in no way providing any insurance coverage that would extend protection to Seller or Seller's family. During the holdover period, the Seller shall maintain the property in its current condition, normal wear and tear excepted. Seller accepts the Property during this period in its "AS IS" condition, and Buyer makes no representations or warranties as to the conditions of the Property. Seller acknowledges that up until the transfer of possession, Buyer has not inspected the Property and Buyer shall have no liability arising from the condition or use of the Property during the holdover period. Seller, on behalf of Seller and Seller's family, hereby waives and releases the Buyer, its employees and agents from any and all liability and claims for damages, including property damage, bodily injury, or death, which arise the condition, use, occupancy of the Property during the holdover period. Should any claim be made against the Buyer, its employees or agents (the "Indemnified Parties") for damages, including property damage, bodily injury, or death, which arise from the condition, use, or occupancy of the Property, or occur on the Property, during the holdover period, Seller shall defend and indemnify the Indemnified Parties and promptly pay any judgment rendered against them. 12. ALLOCATION OF COSTS. 12.1 Buyer's Costs. Buyer shall pay all closing costs associated with this Agreement and the conveyance of the Property from Seller to Buyer, including any and all escrow and title fees, recording fees, documentary transfer tax, the premium for the Title Policy (plus any additional fee for ALTA extended coverage and/or title endorsements requested by Buyer), and Buyer's own attorney's fees in connection with this Agreement and the transactions contemplated hereby. 2156/015610-0090 703341.01 a05/10/06 -7 030 12.2 Seller's Costs. Seller shall pay Seller's own attorney's fees, if any, in connection with this Agreement and the transactions contemplated hereby. 13. CONDEMNATION. In the event that, prior to the Close of Escrow, any governmental entity (other than the City) shall commence any proceedings of or leading to eminent domain or similar type proceedings to take all or any portion of the Property, Buyer or Seller shall promptly meet and confer in good faith to evaluate the effect of such action on the purposes of this Agreement. 14. HAZARDOUS MATERIALS. To the best of Seller's knowledge, the Property has not at any time been used for the purposes of storing, manufacturing, releasing or dumping Hazardous Materials. For purposes of this Agreement, the term "Hazardous Materials" shall mean (1) hazardous wastes, hazardous materials, hazardous substances, hazardous constituents, toxic substances or related materials, whether solids, liquids or gases, including, but not limited to, substances deemed as "hazardous wastes," "hazardous materials," "hazardous substances," "toxic substances," "pollutants," "contaminants," "radioactive materials," or other similar designations in, or otherwise subject to regulation under, the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended ("CERCLA"), 42 U.S.C. § 9601 et seq.; the Toxic Substance Control Act ("TSCA"), 15 U.S.C. § 2601 et seq.; the Hazardous Materials Transportation Act, 49 U.S.C. § 1802; the Resource Conservation and Recovery Act ("RCRA"), 42 U.S.C. § 9601, et seq.; the Clean Water Act ("CWA"), 33 U.S.C. § 1251 et seq.; the Safe Drinking Water Act, 42 U.S.C. § 300 et seq.; the Clean Air Act ("CAA"), 42 U.S.C. § 7401 et seq.; the Hazardous Waste Control Law, California Health and Safety Code § 25025 et seq., the Carpenter -Presley -Tanner Hazardous Substance Account Act, California Health and Safety Code, Division 20, Chapter 6.8, the Hazardous Materials Release Response Plans and Inventory Act, California Health and Safety Code, Division 20, Chapter 6.95, The Underground Storage of Hazardous Substances Act, California Health and Safety Code, Division 20, Chapter 6.7, the Porter -Cologne Act, California Water Code § 13050 et seq. and in any permits, licenses, approvals, plans, rules, regulations or ordinances adopted, or other criteria and guidelines promulgated pursuant to the preceding laws or other similar federal, state or local laws, regulations, rules or ordinances now or hereafter in effect relating to environmental matters (collectively the "Environmental Laws"); and (ii) any other substances, constituents or wastes subj ect to any applicable federal, state or local law, regulation, ordinance or common law doctrine, including any Environmental Law, now or hereafter in effect, including, but not limited to, (A) petroleum, (B) refined petroleum products, (C) waste oil, (D) waste aviation or motor vehicle fuel, (E) asbestos, (F) lead in water, paint or elsewhere, (G) radon, (H) polychlorinated biphenyls (PCB's) and (I) ureaformaldehyde. 15. COVENANTS OF SELLER. Seller agrees that during the period between the Effective Date of this Agreement and the Closing Date: (a) Seller shall maintain the Property in not less than the state of repair as that existing on the Effective Date (excepting ordinary wear and tear); (b) Seller shall not convey, grant, lease, assign, mortgage, hypothecate, encumber, or otherwise transfer (on or off record) the Property or any interest therein; 2156/015610-0090 _ 703341.01 a05/10/06 —8 r �' (c) Prior to Closing, Seller shall maintain Seller's existing insurance, if any, on the Property; and (d) Prior to the Closing, Seller shall not alter the physical condition of the Property or introduce or release, or permit the introduction or release, of any Hazardous Materials in, from, under, or on the Property. 16. MISCELLANEOUS. 16.1 Assignment. This Agreement shall be binding upon and shall inure to the benefit of Buyer and Seller and their respective heirs, personal representatives, successors and assigns. Seller may not assign or otherwise transfer this Agreement or any interest or right hereunder or under the Escrow without the prior written consent and approval of the Buyer, which consent and approval may be withheld in the Buyer's sole and absolute discretion. No provision of this Agreement is intended nor shall in any way be construed to benefit any party not a signatory hereto or to create a third party beneficiary relationship. 16.2 Notices. All notices under this Agreement shall be effective upon personal delivery, via facsimile so long as the sender receives confirmation of successful transmission from the sending machine, or three (3) business days after deposit in the United States mail, registered, certified, postage fully prepaid and addressed to the respective parties as set forth below or as to such other address as the parties may from time to time designate in writing: To Seller: Lorenzo Pereyra Sandra Pereyra 46178 Dune Palms Road La Quinta, California 92253 Telephone: (760) 578-4019 Facsimile: (760) 578-4049 To Buyer: City of La Quinta 78-495 Calle Tampico La Quinta, CA 92253 Attn: City Manager Facsimile No.: (760) 777-7101 Copy to: Rutan & Tucker, LLP 611 Anton Boulevard, Suite 1400 Costa Mesa, California 92628-1950 Attn: M. Katherine Jenson, Esq. Facsimile No.: (714) 546-9035 16.3 Fair Meaning. This Agreement shall be construed according to its fair meaning and as if prepared by both parties hereto. 16.4 Headinp-s. The headings at the beginning of each numbered Section of this Agreement are solely for the convenience of the parties hereto and are not a part of this Agreement. 2156/015610-0090 703341.01 a05/10/06 -9- r' 16.5 Choice of Laws; Litigation Matters. This Agreement shall be governed by the internal laws of the State of California and any question arising hereunder shall be construed or determined according to such law. The Municipal and Superior Courts of the State of California in and for the County of Riverside, or such other appropriate court in such county, shall have exclusive jurisdiction of any litigation between the parties concerning this Agreement. Service of process on Buyer shall be made in accordance with California law. Service of process on Seller shall be made in any manner permitted by California law and shall be effective whether served inside or outside California. 16.6 Nonliability of Buyer Officials. No officer, official, member, employee, agent, or representatives of Buyer 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, member, employee, agent, or representative. 16.7 Gender; Number. As used in this Agreement, masculine, feminine, and neuter gender and the singular or plural number shall be deemed to include the others wherever and whenever the context so dictates. 16.8 Survival. This Agreement and all covenants to be performed after the Closing, and, except as otherwise set forth herein, all representations and warranties contained herein, shall survive the Closing Date and shall remain a binding contract between the parties hereto. 16.9 Time of Essence. Time is of the essence of this Agreement and of each and every term and provision hereof, it being understood that the parties hereto have specifically negotiated the dates for the completion of each obligation herein. 16.10 Waiver or Modification. A waiver of a provision hereof, or modification of any provision herein contained, shall be effective only if said waiver or modification is in writing, and signed by both Buyer and Seller. No waiver of any breach or default by any party hereto shall be considered to be a waiver of any breach or default unless expressly provided herein or in the waiver. 16.11 Broker's Fees. Seller and Buyer represent and warrant to the other that neither Buyer nor Seller has employed any broker and/or finder to represent its interest in this transaction. Each party agrees to indemnify and hold the other free and harmless from and against any and all liability, loss, cost, or expense (including court costs and reasonable attorney's fees) in any manner connected with a claim asserted by any individual or entity for any commission or finder's fee in connection with the conveyance of the Property arising out of agreements by the indemnifying party to pay any commission or finder's fee. 16.12 Duplicate Originals. This Agreement may be executed in any number of duplicate originals, all of which shall be of equal legal force and effect. 16.1.3 Severability. If any term, covenant or condition of this Agreement or the application thereof to any person, entity, or circumstance shall, to any extent, be invalid or unenforceable, the remainder of this Agreement, or the application of such term, covenant, or condition to persons, entities, or circumstances other than those as to which it is held invalid or 2156/015610-0090 703341.01 a05/10/06 1 0 / 0 l unenforceable, shall not be affected thereby and each term, covenant or condition of this Agreement shall be valid and enforceable to the fullest extent permitted by law. 16.14 Exhibits. The following exhibits are attached hereto and incorporated herein by this reference: Exhibit "A" Legal Description of Property Exhibit `B" Grant Deed Exhibit "C" Non -Foreign Affidavit Exhibit "D" Bill of Sale Exhibit "E" Escrow Instructions Exhibit "F" Special Escrow Instructions 16.15 Authority. The person(s) executing this Agreement on behalf of each of the parties hereto represent and warrant that (i) such party is duly organized and existing, (ii) they are duly authorized to execute and deliver this Agreement on behalf of said party, (iii) by so executing this Agreement such party is formally bound to the provisions of this Agreement, and (iv) the entering into this Agreement does not violate any provision of any other agreement to which such party is bound. 16.16 Entire Agreement; Amendment. Except as set forth above, this Agreement and the exhibits incorporated herein contain the entire agreement of Buyer and Seller with respect to the matters contained herein, and no prior agreement or understanding pertaining to any such matter shall be effective for any purpose. No provisions of this Agreement may be amended or modified in any manner whatsoever except by an agreement in writing signed by duly authorized officers or representatives of each of the parties hereto. [END -- SIGNATURE PAGE FOLLOWS] 2156/015610-0090 ! ' Tj 703341.01 a05/10/06 -11- `/ IN WITNESS WHEREOF, Buyer and Seller each hereby represents that it has read this Agreement, understands it, and hereby executes this Agreement to be effective as of the day and year first written above. ATTEST: June Greek, Agency Clerk APPROVED AS TO FORM: RUTAN & TUCKER, LLP M. Katherine Jenson, Agency Counsel SELLER: LORENZO PEREYRA SANDRA PEREYRA BUYER: LA QUINTA REDEVELOPMENT AGENCY, a public body corporate and politic M Thomas P. Genovese, Executive Director [end of signatures] 2156/015610-0090 703341.01 a05/10/06 r �- U �^t Four Seasons Escrow Inc. agrees to act as Escrow Holder in accordance with the terms of this Agreement that are applicable to it. Four Seasons Escrow Inc. By: Name: Its: 2156/015610-0090 1 703341.01 a05/10/06 -13- 0r)s EXHIBIT "A" LEGAL DESCRIPTION OF PROPERTY That portion of the South 330.00 feet of the North 660.00 feet to the Northwest quarter of the Northwest quarter of the Northeast quarter of Section 29, Township 5 South, Range 7 East, San Bernardino Meridian, in the City of La Quinta, County of Riverside, State of California, according to the Official Plat thereof, described as follows: Beginning at the Northwest corner of the Northeast quarter of said Section 28; Thence Southerly, on the Westerly line of the Northeast quarter of said Section 29, 330.00 feet to the Northwest corner of land conveyed to Leon J. Heitzman, et ux, by Deed recorded in Book 1796, Page(s) 462 of Official Records of Riverside County, California, said last mentioned Northwest comer also being the true point of beginning; , Thence Easterly, on the Northerly line of said land conveyed to Leon J. Heitzman, 166.00 feet; Thence Southerly and parallel with the Westerly line of the Northeast quarter of said Section 29, 58.00 feet; Thence Westerly, parallel to the Northerly line of said land conveyed to Leon J. Heitzman, 166.00 feet to the Westerly line of the Northeast quarter of said Section 29; Thence Northerly, on the Westerly line of the Northeast quarter of said Section 29, 58.00 feet to the true point of beginning. Except that portion within Dune Palms Road. APN: 649-040-012 2156/015610-0090 703341.01 a05/10/06 037 EXHIBIT "B" FORM OF GRANT DEED [SEE ATTACHED] 2156/015610-0090 703341.01 a05/10/06 038 RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: LA QUINTA REDEVELOPMENT AGENCY 78-495 Calle Tampico La Quinta, CA 92253 Attn: Executive Director SPACE ABOVE THIS LINE FOR RECORDER'S USE (Exempt from Recordation Fee per Gov. Code § 6103) GRANT DEED FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, LORENZO PEREYRA AND SANDRA PEREYRA, Husband and Wife, as Joint Tenants, hereby grant to the LA QUINTA REDEVELOPMENT AGENCY, a public body corporate and politic, that certain real property located in the City of La Quinta, County of Riverside, State of California, legally described on Attachment No. 1, which is attached hereto, and incorporated herein by this reference, subject to all matters of record. Dated: , 2006 LORENZO PEREYRA SANDRA PEREYRA 2156/015610-0090 703341.01 a05/10/06 2 0 STATE OF CALIFORNIA ) ss COUNTY OF ) On , before me, personally appeared personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s) or the entity upon behalf of which the person(s) acted, executed the instrument. Witness my hand and official seal. [SEAL] STATE OF CALIFORNIA ) ) ss COUNTY OF ) On personally appeared Notary Public before me, personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s) or the entity upon behalf of which the person(s) acted, executed the instrument. Witness my hand and official seal. Notary Public [SEAL] 2156/015610-0090 r 703341.01 a05/10/06 -3- t IL 040 40 ATTACHMENT NO. 1 LEGAL DESCRIPTION OF PROPERTY That portion of the South 330.00 feet of the North 660.00 feet to the Northwest quarter of the Northwest quarter of the Northeast quarter of Section 29, Township 5 South, Range 7 East, San Bernardino Meridian, in the City of La Quinta, County of Riverside, State of California, according to the Official Plat thereof, described as follows: Beginning at the Northwest corner of the Northeast quarter of said Section 28; Thence Southerly, on the Westerly line of the Northeast quarter of said Section 29, 330.00 feet to the Northwest corner of land conveyed to Leon J. Heitzman, et ux, by Deed recorded in Book 1796, Page(s) 462 of Official Records of Riverside County, California, said last mentioned Northwest corner also being the true point of beginning; Thence Easterly, on the Northerly line of said land conveyed to Leon J. Heitzman, 166.00 feet; Thence Southerly and parallel with the Westerly line of the Northeast quarter of said Section 29, 58.00 feet; Thence Westerly, parallel to the Northerly line of said land conveyed to Leon J. Heitzman, 166.00 feet to the Westerly line of the Northeast quarter of said Section 29; Thence Northerly, on the Westerly line of the Northeast quarter of said Section 29, 58.00 feet to the true point of beginning. Except that portion within Dune Palms Road APN: 649-040-012 2156/015610-0090 `• 041 703341.01 a05/10/06 Attachment 1 to Grant Deed CERTIFICATE OF ACCEPTANCE THIS IS TO CERTIFY that the interest in real property conveyed by a Grant Deed dated from Lorenzo Pereyra and Sandra Pereyra, Husband and Wife, as Joint Tenants, to the La Quinta Redevelopment Agency, a public body corporate and politic ("Agency"), is hereby accepted by the Agency by the signature of the undersigned agent on behalf of the Agency pursuant to the authority conferred upon him by the Resolution No. 2006- , adopted on , 2006, and that the Agency, as the Grantee, by its said duly authorized agent, hereby consents to the recordation thereof. DATED: LA QUINTA REDEVELOPMENT AGENCY, public body corporate and politic By: Name: Thomas P. Genovese Executive Director, La Quinta Redevelopment Agency I HEREBY ATTEST to the authenticity of the foregoing signature and to the said adoption of the said Resolution of his general authority to so act and certify that said authority has not been revoked by any subsequent Resolution or order of the Agency. DATED: June S. Greek, Agency Clerk, La Quinta Redevelopment Agency r, 2156/015610-0090 703341.01 a05/10/06 Attachment 1 to Grant Deed EXHIBIT "C" AFFIDAVIT OF NON -FOREIGN ENTITY TO: LA QUINTA REDEVELOPMENT AGENCY ("Buyer") The Internal Revenue Code of 1954 ("Code") (26 U.S.C. Sections 1445, 7701) provides that a transferee of a U.S. real property interest must withhold tax if the transferor is a foreign person. To inform the transferee that withholding of tax is not required upon transfer of that certain U.S. real property interest described in Exhibit "A" to the Agreement for Purchase and Sale and Escrow Instructions dated , 2006, and incorporated herein by reference ("Property"), that the undersigned ("Seller") hereby certifies the following: 1. Seller is not a foreign corporation, foreign partnership, foreign trust or foreign estate (as those terms are defined in the Internal Revenue Code and Income Tax Regulations); and 2. The U.S. taxpayer identification number for Seller is and ; and 3. The address for mailing purposes of Seller is: and 4. Seller understands that this certification may be disclosed to the Internal Revenue Service by Buyer and that any false statement contained herein could be punished by fine, imprisonment, or both. Under penalty of perjury, I declare that I have examined this Certification and to the best of my knowledge and belief, it is true, correct, and complete, and I further declare that I have authority to sign this document on behalf of Seller. Dated: 92006 SELLER: LORENZO PEREYRA SANDRA PEREYRA 2156/015610-0090 O 703341.01 a05/10/06 EXHIBIT "D" BILL OF SALE LORENZO PEREYRA AND SANDRA PEREYRA (collectively, the "Seller"), in consideration of good and valuable consideration in hand paid by LA QUINTA REDEVELOPMENT AGENCY (the "Buyer"), the receipt and sufficiency of which is hereby acknowledged, does by these presents release, transfer, bargain, sell, assign and convey unto the Buyer, its successors and assigns, all of the Personal Property as such is defined in that certain Agreement for Purchase and Sale and Escrow Instructions between Seller and Buyer executed , 2006, as such may have been amended. Seller does hereby represent and warrant that all such property is free and clear of all security interests, liens and encumbrances other than those assumed by Buyer and in good working order and condition. Seller does hereby covenant with Buyer that it has good right to sell, transfer, convey and assign all of right, title and interest in the same to Buyer and will warrant and defend the same in favor of Buyer, its successors and assigns. IN WITNESS WHEREOF, the Seller has caused these presents to be signed as of this day of 92006. SELLER: LORENZO PEREYRA SANDRA PEREYRA 2156/015 610-0090 r 703341.01 a05/10/06 044 `' EXHIBIT "E" ESCROW INSTRUCTIONS [To be inserted by Escrow Holder] 2156/015610-0090 r 045 � ` 703341.01 a05/10/06 5 EXHIBIT "F" SPECIAL ESCROW INSTRUCTIONS PRORATIONS AND/OR ADJUSTMENTS: Escrow Holder is authorized and instructed to prorate and/or make adjustments on the following items as of the close of escrow date: TAXES ON REAL PROPERTY: Prorate taxes, including all tax bill items, except taxes on personal property not conveyed through this escrow, based on the current year's taxes, except between July 1 S1 and the date you are furnished current taxes, based on immediate preceding year's taxes. In each case use the figures furnished you by the title company, without liability on your part as to their correctness. Owner to pay prior to delinquency, supplemental tax bills, and any taxes on personal property not being sold herein, which taxes are a lien on the real property being conveyed and you are not to be concerned herewith. Refund, if any, from the Riverside County Tax Collector, for refund of taxes buyer is being debited for herein, is to be handled outside of escrow. Four Seasons Escrow Inc., its officers and employees are relieved of all responsibility and liability in connection therewith. 2156/015610-0090 046 � 6A 703341.01 a05/10/06 l AGREEMENT FOR PURCHASE AND SALE AND ESCROW INSTRUCTIONS BY AND BETWEEN LORENZO PEREYRA AND SANDRA PEREYRA ("SELLER") AND LA QUINTA REDEVELOPMENT AGENCY ("BUYER") 2156/015610-0090 703341.01 a05/10/06 ; �� 4 7 TABLE OF CONTENTS Page 1. PROPERTY....................................................................................................................1 1.1 Improvements.....................................................................................................1 1.2 Fixtures and Personal Property...........................................................................1 2. PURCHASE PRICE.........................................................................................................2 2.1 Amount.............................................................................:................................... 2 2.2 Payment of Purchase Price....................................................................................2 3. RELOCATION ASSISTANCE........................................................................................2 4. ESCROW..........................................................................................................................2 4.1 Opening of Escrow...............................................................................................2 4.2 Escrow Instructions...............................................................................................2 5. TITLE MATTERS............................................................................................................ 3 6. CLOSE OF ESCROW......................................................................................................3 6.1 Close of Escrow; Closing Date............................................................................. 3 6.2 Recordation; Release of Funds and Documents...................................................4 7. DELIVERY OF DOCUMENTS REQUIRED FROM BUYER AND SELLER.............4 7.1 Buyer's Obligations..............................................................................................4 7.2 Seller's Obligations...............................................................................................4 8. TITLE INSURANCE POLICY........................................................................................ 5 8.1 Title Policy............................................................................................................ 5 8.2 Payment for Title Policy....................................................................................... 5 9. REAL PROPERTY TAXES AND ASSESSMENTS...................................................... 5 10. CONDITIONS PRECEDENT TO CLOSING.................................................................6 10.1 Conditions Precedent to Buyer's Obligations....................................................... 6 10.2 Conditions Precedent to Seller's Obligations....................................................... 6 11. POSSESSION..................................................................................................................7 12. ALLOCATION OF COSTS.............................................................................................7 12.1 Buyer's Costs..........................................................................:............................. 7 12.2 Seller's Costs........................................................................................................ 8 2156/015610-0090� 703341.01 a05/10/06 _1_ Page 13. CONDEMNATION ..........................................................................................................8 14. HAZARDOUS MATERIALS.........................................................................................8 15. COVENANTS OF SELLER.............................................................................................8 16. MISCELLANEOUS...... ....................................................................................................9 16.1 Assignment...........................................................................................................9 16.2 Notices.................................................................................................................. 9 9 16.3 Fair Meaning .......................................................... 16.4 Headings...............................................................................................................9 16.5 Choice of Laws; Litigation Matters....................................................................10 16.6 Nonliability of Buyer Officials...........................................................................10 16.7 Gender; Number..................................................................................................10 16.8 Survival...............................................................................................................10 16.9 Time of Essence..................................................................................................10 16.10 Waiver or Modification.......................................................................................10 16.11 Broker's Fees......................................................................................................10 16.12 Duplicate Originals.............................................................................................10 16.13 Severability.........................................................................................................10 16.14 Exhibits...............................................................................................................11 16.15 Authority............................................................................................................. 11 16.16 Entire Agreement; Amendment..........................................................................11 EXHIBITS Exhibit A Legal Description of Property Exhibit B Form of Grant Deed Exhibit C Form of Affidavit of Non -Foreign Entity Exhibit D Bill of Sale Exhibit E Escrow Instructions Exhibit F Special Escrow Instructions 2156/015610-0090 703341.01 a05/10/06 -11- ` 49 �rw AGENDA CATEGORY: COUNCIL/RDA MEETING DATE: May 16, 2006 BUSINESS SESSION: ITEM TITLE: Approval of a Relocation Plan for the CONSENT CALENDAR: Dune Palms Road Project STUDY SESSION: PUBLIC HEARING: RECOMMENDATION: Approve the Relocation Plan for the Dune Palms Road Project and authorize the City Manager .to submit the Relocation Plan to the State. Department of Housing and Community Development. FISCAL IMPLICATIONS: Implementing the Relocation Plan will result in the expenditure of up to $140,000 for resident relocation costs. Funds are available for these expenses from the Redevelopment Agency's 2004 Low- and Moderate- Income Housing Bond Fund. CHARTER CITY IMPLICATIONS: None. BACKGROUND AND OVERVIEW: On March 16, 2006 the City Council reviewed a draft Relocation Plan that addressed the relocation needs for two single-family residences on Dune Palms Road. The La Quinta Redevelopment Agency is in the process of considering property acquisition agreements for these properties. After discussion, the City Council directed staff to circulate the draft plan to the property owners and the general public for review and comment. No comments were received. Staff is now recommending the City Council approve the attached Relocation Plan (Attachment 1), and direct the City Manager to submit the Relocation Plan to the State Department of Housing and Community Development. The Agency Board has directed staff to contact property owners in the Dune Palms Road corridor (north of the Whitewater River and south of Westward Ho Road) to ascertain their interest in selling their property to the Agency so that properties may be assembled to accommodate affordable housing development. Three 5 0 owners expressed interest in selling their property to the Agency. Staff is continuing to discuss purchase options with the remaining three owners. Two of the three properties that staff is negotiating purchase agreements with are owner -occupied single-family residences. Prior to considering property purchase agreements, the California Community Redevelopment Law and the California Relocation and Real Property Acquisition Guidelines require the Agency to prepare and submit a relocation plan for City Council review and approval. Attached is the Relocation Plan for the Dune Palms Road properties for Council consideration. The Relocation Plan presents: • Survey data concerning the demographic characteristics and present circumstances 'of the affected residents and their relocation needs • An assessment of the availability of comparable replacement housing within the City of La Quinta and the surrounding community • The steps and procedures the Agency will follow to ensure a fair and equitable relocation program • An estimate of the potential relocation costs. The data presented in the Relocation Plan was compiled through a series of interviews conducted in February 2006. The two households are occupied by owner occupants, consisting of five adults. Both households have identified single-family homes that they wish to purchase. The Relocation Plan also details the relocation assistance program and the scope of the relocation benefits. The relocation assistance program generally entails: • Informing residents of their relocation rights and the scope of the relocation benefits • Determining each households specific housing needs Identifying and updating information on replacement housing opportunities Identifying federal, State and other governmental agency housing program assistance Assisting each person with completing relocation assistance applications Assisting each displacee with finding replacement housing opportunities Providing relocation payments in accordance with all State standards • Establishing an appeal procedure with respect to disputes over relocation benefits. The scope of relocation benefits entails: • Providing moving expense payments based upon the actual cost of using a professional mover or based upon a fixed payment schedule if residents elect to move themselves • A home purchase price differential payment based upon the difference between the appraised value of the resident's home and the cost to purchase- a 0 J 1 comparable replacement dwelling • Mortgage interest differential payments to compensate for a loss if the owners can demonstrate that their existing loans are at better financing terms than current market terms. • Incidental expense payments including legal, closing cost title and other costs related to purchasing a comparable replacement dwelling. The total relocation costs are estimated to range from $98,000 to $140,000. FINDINGS AND ALTERNATIVES: Alternatives available to the City Council include: 1 . Approve the Relocation Plan for the Dune Palms Road Project and authorize the City Manager to submit the Relocation Plan to the State Department of Housing and Community Development; or 2. Do not approve the Relocation Plan for the Dune Palms Road Project and authorize the City Manager to submit the Relocation Plan to the State Department of Housing and Community Development; or 3. Provide staff with alternative direction. Respectfully submitted, Doug as R. rvaAs, Community Development Director Approved for submission by: �t.o • Thomas P. Genovese, City Manager Attachment: 1. Relocation Plan C 0 pow ATTACHMENT DUNE PALMS ROAD RELOCATION PLAN LA QUINTA REDEVELOPMENT AGENCY (q RSG INTELLIGENT COMMUNITY DEVELOPMENT 053 DUNE PALMS ROAD RELOCATION PLAN LA QUINTA REDEVELOPMENT AGENCY CONTENTS OF THIS RELOCATION PLAN INTRODUCTION......................................................................................................1 A. ASSESSMENT OF NEEDS............................................................................2 B. REPLACEMENT HOUSING RESOURCES.................................................3 C. CONCURRENT RESIDENTIAL DISPLACEMENT .....................................3 D. TEMPORARY HOUSING................................................................................3 E. PROGRAM ASSURANCES AND STANDARDS.........................................3 F. RELOCATION ASSISTANCE PROGRAM...................................................4 G. CITIZEN PARTICIPATION/PLAN REVIEW................................................4 H. RELOCATION BENEFIT CATEGORIES.....................................................5 1. PAYMENT OF RELOCATION BENEFITS ............................ :...................... 7 J. APPEALS POLICY..........................................................................................7 K. PROJECTED DATES OF DISPLACEMENT................................................7 L. ESTIMATED RELOCATION COSTS............................................................7 GARSG I-aQuinta0une Palms Road Acq\Relocation Plan\Dune Palms Relocation Plan - Final.DOC r ' DUNE PALMS ROAD RELOCATION PLAN INTRODUCTION The La Quinta Redevelopment Agency ("Agency") established Project Area No. 2 in May, 1989 to provide a mechanism to remove impediments to commercial and residential development, to address public infrastructure and facility deficiencies, and to increase and improve the community's supply of affordable housing. The properties along Dune Palms Road ("Project Site") are within Project Area No. 2 and are being considered by the Agency as a site for the development of affordable housing. This action may result in the purchase and development of properties within the Project Site and as a result, some housing will be affected and two households will have to be permanently displaced. The acquisition of the Project Site will be pursued pursuant to negotiated acquisition by property owners. The location of the housing, which is the subject of this plan, is generally described as being located near the southeast corner of Dune Palms Road and Westward Ho Drive and is more particularly described as Assessor Parcel Numbers 649-040-005, 649-040-004, and 649-040-012. The location is displayed on Attachment 1 a and 1 b. The purpose of this Relocation Plan ("Plan") is to describe the affected buildings and occupants and to discuss the Relocation Assistance that will be made available to the occupants. Rosenow Spevacek Group, Inc. ("RSG") has prepared and will administer the Plan under the direction of the Agency and will act as the relocation consultant for this Plan. This Plan provides the results of a needs assessment survey, a housing resource study, and details of the Agency's proposed relocation assistance program. Furthermore, this Plan sets forth policies and procedures necessary to conform with statutes and regulations established by the California Relocation Assistance Law, California Government Code section 7260 et seq. ("CRAL") and the California Relocation Assistance and Real Property Acquisition Guidelines, Title 25, California Code of Regulations, chapter 6, section 6000 et seq. ("Guidelines"). No displacement activities will take place prior to the required reviews and approval of this Plan. ROSENOW SPEVACEK GROUP INC. PAGE 1; 0 DUNE PALMS ROAD RELOCATION PLAN A.. ASSESSMENT OF NEEDS To obtain information for the preparation of this Plan, personal interviews were conducted with the two households living in the Project Site. The inquiries made of each household concerned household size and composition, income, length and type of occupancy, ethnicity, home language, disabilities/health problems, and replacement housing preferences. Interviews were conducted on -site from February to March, 2006. The descriptive data in this Plan are based solely on the responses provided by the households. No attempt was made to qualify income or other information provided by residents. Occupancy/Overcrowding The population consists of 5 adults all residing in two- or three -bedroom homes. Income Income information was provided by both of the households. According to income standards for the County of Riverside (Attachment 2), adjusted for family size as published by the United States Department of Housing and Urban Development ("HUD"), both households are categorized as above moderate income. Ethnicity/Language The Project Site households identified themselves as Caucasian (3) and Hispanic (2). The households reported the primary language as English (3) and Spanish (2). Senior/Handicapped Households There are two seniors (62 years or older) and no handicapped individuals. None of the households indicated that they require any special accommodates or have any specific facility needs. Table 1, shows some of the household characteristics and needs. Table 1: Housing Description occu ncy I Houshold Size Room Count Ethnicity Language ISeniors lincome Levels Owners I Tenant I Adults I Children I Bedrooms I Bath I Total Caucasian lHispanic JEnglish ISpanish Yes n/a 2 0 2 2.25 6 n/a 2 n/a 2 n/a Above Moderate Yes n/a 3 0 31 2.50 B 3 n/a 3 n/a I Yes I Above Moderate Source: Survey of prpperty owners The Project Site The Project Site is situated on the southeast corner of Dune Palms Road and Westward Ho Drive. La Quinta High School is directly in front of the Project Site and Amelia Earhart Elementary School, and John Glen Middle School are within short driving distance. The Project Site is located within close proximity to a community park, a Fire Station, shopping centers, and grocery stores. ROSENOW SPEVACEK GROUP INC. PAGE 2 DUNE PALMS ROAD RELOCATION PLAN Preferred Relocation Areas and Location Needs The Project Site residents expressed a desire to remain in La Quinta or relocate to Palm Desert. However, they also indicated a willingness to relocate to other Desert communities. Both households are only interested in home ownership. No additional or special relocation needs (i.e. proximity to public transportation, employment, schools, medical facilities, public/social services and agencies, recreational services, parks, community centers, and shopping) were expressed by either household. B. REPLACEMENT HOUSING RESOURCES A resource survey was conducted between February and March, 2006 to identify available comparable, decent, safe, and sanitary units available in close proximity to the Project Site. One three -bedroom unit, and one two -bedroom unit, are required to adequately relocate the Project Site households. Replacement property was identified in consultation with a local realtor, through internet research, and MLS searches. The survey focused on confirming the availability of comparable, decent, safe, and sanitary units, which contain the required minimum number of bedrooms, an area of adequate size for each household, and an area comparable with respect to the number of rooms and habitable living space. Attachment 3a and 3b provide lists of comparables (as defined in Guideline section 6008) in La Quinta and Palm Desert based on the results of the homeowner surveys. The replacement houses have a similar lot size and living area to the homeowners original property and are located in the desired communities. C. CONCURRENT RESIDENTIAL DISPLACEMENT There are no other known projects currently underway that will compete for similar replacement housing in the City of La Quinta. D. TEMPORARY HOUSING There is no anticipated need for temporary housing because relocation will not occur until the Agency has entered binding agreements to acquire the property from the owners and it is expected that the owners shall acquire replacement housing prior to moving from the Project Site. Should such a need arise, the Agency will respond appropriately and in accordance with all applicable laws and requirements. E. PROGRAM ASSURANCES AND STANDARDS Adequate funds are and will be made available to accommodate the payment of all required relocation benefits. Services will be provided to ensure that displacement does not result in different or separate treatment of households based on race, nationality, color, religion, national origin, sex, marital status, familial status, disability or any other basis protected by the federal Fair Housing Amendments ROSENOW SPEVACEK GROUP INC. PAGE 3` DUNE PALMS ROAD RELOCATION PLAN Act, the Americans with Disabilities Act, Title VI of the Civil Rights Act of 1964, Title VIII of the Civil Rights Act of 1968, the California Fair Employment & Housing Act, and the Unruh Act, as well as any other arbitrary or unlawful discrimination. No one will be displaced without 90 days notice and unless "comparable" replacement housing can be located and is available. "Comparable" housing includes standards such as: decent, safe, and sanitary (as defined in § 6008(d) of the Guidelines); comparable as to the number of bedrooms, living space, and type and quality of construction of the acquired unit but not lesser in rooms or living space than necessary to accommodate the displaced household; in an area that does not have unreasonable environmental conditions; not generally less desirable than the acquired unit with respect to location to schools, employment, health and medical facilities, and other public and commercial facilities and services; and within the financial means of the displaced household as defined in section 6008, subdivision (c)(5) of the Guidelines. The relocation program to be implemented by the Agency conforms to the standards and provisions set forth in Government Code section 7260 et seq., the Guidelines, California Health and Safety Code section 33410 et seq., if applicable, and all other applicable regulations and requirements. F. RELOCATION ASSISTANCE PROGRAM Staff is available to assist any displaced household with questions about relocation and/or assistance in relocating. Andrea Castro, the Acquisition Coordinator can be contacted at (760) 765-3070 extension 102 from 8:30 am to 5:00 pm, Monday through Friday. A comprehensive relocation assistance program, with technical and advisory assistance, will be provided to the households being displaced. Close contact will be maintained with each household. Specific activities will include: 1. Distribution of an informational brochure. (see Attachment 4) 2. Timely referrals to at least three comparable replacement units as defined above and, if necessary, transportation will be provided to inspect potential replacement units. 3. Assistance with completion and filing of relocation claims, loan applications, and appeals forms, if necessary. G. CITIZEN PARTICIPATION/PLAN REVIEW This Plan will be provided to each household and will be made available to the public for the mandatory thirty (30) day review period. Comments to this Plan will be included as a Plan addendum prior to submission for approval before the Agency. A copy of the approved Plan will be forwarded to the California Department of Housing and Community Development ("HCD"). ROSENOW SPEVACEK GROUP INC. PAGE � 058 k. DUNE PALMS ROAD RELOCATION PLAN H. RELOCATION BENEFIT CATEGORIES Relocation benefits will be provided in accordance with the CRAL, the Guidelines, and all other applicable regulations and requirements. Benefits will be paid upon submission of required claim forms and documentation in accordance with approved procedures. The Agency will provide appropriate benefits for each displaced household as required by law. Residential Moving Expense Payments The subject households will be eligible to receive a payment for moving expenses. Payments will be made based upon either a fixed room count schedule or an invoice for actual reasonable moving expenses from a licensed professional mover. The method of moving expense payments may be selected by the household. Fixed Payment - A fixed payment for moving expenses based on the number of rooms containing furniture or other personal property to be moved. The fixed moving payment will be based upon the most recent Federal Highway Administration schedules maintained by the California Department of Transportation. (See Attachment 5) Actual Reasonable Moving Expense Payments - The displaced households may elect to have a licensed, professional mover perform the move; if so, the Agency will pay for the actual cost of the move up to 50 miles and all reasonable charges for packing, unpacking, insurance, and utility connection charges. The payment will be made directly to the mover or as reimbursement to the displaced household. Assistance to Homeowners It is anticipated that two homeowner households will be displaced. Displaced homeowners will be eligible for relocation replacement housing payments if the following conditions are met: a. The household has owned and occupied their unit for not less than 180 days prior to the "Initiation of Negotiations." and b. The household purchases and occupies a replacement unit within one year from: (i) the date that the household receives the final payment from the Agency for all the costs of the acquired unit - or- (ii) the date that the household vacates the acquired unit, whichever is later. Displaced homeowner households will receive assistance in locating a "comparable replacement" unit and will be eligible for the following benefits: KUSENUw SPEVACEK GROUP INC. PAGE 5 6019 DUNE PALMS ROAD RELOCATION PLAN 1. Purchase Price Differential: The displaced households will be entitled to receive an amount equal to the difference between the price paid for the acquired unit and the amount required to purchase a "comparable replacement" unit. The Agency will utilize a Comparative Method (as explained in section 6102 of the Guidelines) to calculate any price differential. Comparative Method: On a case -by -case basis, the Agency will determine the price of a "comparable replacement" unit, which is most representative of the acquired unit, by selecting and considering the listing price of at least three (whenever possible) "comparable replacement" units. (25 Cal. Code Regs. Sec. 6102 (c)(1)(A)(1).) The Price Differential is the difference between the acquisition cost of the displacement dwelling and the lesser of the following two amounts: • The price the displaces actually paid for the replacement dwelling; or • The price of a comparable dwelling as determined by the Agency. 2. Other Payments: Moreover, displaced homeowners will receive the following assistance: (a) Payments to cover the cost between the difference of the household's current debt or mortgage service and any increase in debt or mortgage costs necessary to acquire a "comparable replacement" housing unit; and (b) Incidental and reasonable one-time costs for acquiring a replacement unit, such as escrow costs, and recording and credit reporting fees. 3. Rental Assistance Option: If a displaced homeowner household, which has purchased and occupied its current unit at least 180 days prior to the "initiation of negotiations," desires to rent instead of purchase a replacement unit, the household is eligible for all the benefits and assistance that is available to tenant households. However, such replacement housing payments may not exceed the payments the household would have been entitled to if it had elected to purchase a replacement unit. 4. Last Resort Housing Payments: There is currently sufficient comparable replacement housing for homeowner households and the Agency does not anticipate a lack of sufficient comparable replacement housing in the near future. However, should such a situation arise, the Agency will respond appropriately and in conformance with all applicable laws and requirements. ROSENOW SPEVACEK GROUP INC. PAGE Q' �f DUNE PALMS ROAD RELOCATION PLAN 1. PAYMENT OF RELOCATION BENEFITS Relocation benefit payments will be made expeditiously. Claims and supporting documentation for relocation benefits must be filed with the Acquisition Coordinator within eighteen (18) months from: (i) the date the claimant moves from the acquired property; -or- (ii) the date on which final payment for the acquisition of real property is made, whichever is later. The Acquisition Coordinator will then submit the relocation benefit claim form to the City Finance Department for review and payment, if appropriate. Failure to submit claims within the 18 month period will prevent the Agency from paying such claims. No household will be displaced until "comparable" housing is located as defined above and in section 6008, subdivisions (c) and (d) of the Guidelines. Relocation staff will inspect any replacement units to which referrals are made to verify that they meet all the standards of decent, safe, and sanitary as defined in section 6008, subdivision (d) of the Guidelines. However, no household will be denied benefits if it chooses to move to a replacement unit which does not meet the standards of decent, safe, and sanitary housing. J. APPEALS POLICY The appeals policy will follow the standards described in section 6150 et seq. of the Guidelines as supplemented by the Agency's approved Grievance Procedures(See Attachment 6). Briefly stated, the displaced household will have the right to ask for a review when there is a complaint regarding any of its rights to relocation and relocation assistance, such as a determination as to eligibility, the amount of payment, or the failure to provide a comparable replacement housing referral. The request for review must be made within eighteen (18) months from: (i) the date the claimant moves from the acquired property; -or- (ii) the date on which final payment for the acquisition of real property is made, whichever is later. Failure to make a timely request for review will result in your request being denied. K. PROJECTED DATES OF DISPLACEMENT Households will receive a 90 day notice to vacate before they are required to move. These notices are expected to be issued on or about July, 2006. Relocation is expected to be completed for all households on or about October, 2006. L. ESTIMATED RELOCATION COSTS The Agency anticipates using the following funds for the Project: • Project Area No. 2, Low and Moderate Housing Funds ROSENOW SPEVACEK GROUP INC. PAGE 7� c �� U DUNE PALMS ROAD RELOCATION PLAN The following estimates are for budgeting purposes only. These figures should not be interpreted as firm, "not to exceed" or actual entitlement costs. These figures are based on the data obtained through occupant interviews, replacement site availability, market rate research, and the judgment of the Agency staff. They do not include payments to consultants or to contractors. Any and all required financial assistance will be provided. The budget estimate is: Table 2: Project Cost Estimate Most Probable Cost $51,064 High Estimate 1 $94,679 ROSENOW SPEVACEK GROUP INC. PAGE 8 062 DUNE PALMS ROAD RELOCATION PLAN INDEX OF TABLES A ATTACHMENTS TABLES Table 1: Table 2: ATTACHMENTS Attachment la: Housing Description Estimated Relocation Costs Regional Site Map Attachment 1 b: Project Site Map. Attachment 2: HUD Income Category Limits for Riverside County Attachment 3a: Housing Resource Survey — Two Bedroom Comparables Attachment 3b: Housing Resource Survey — Three Bedroom Comparables Attachment 4: Relocation Assistance To Displaced Homeowner Occupants (Brochure) Attachment 5: Fixed Payment Moving Schedule. Attachment 6: Grievance Process ROSENOW SPEVACEK GROUP INC. PAGE(J 063 064 G� C C��S Attachment 2: HUD Income Category Limits for Riverside County RIVERSIDE COUNTY 2005 Affordable Housing Costs for Home Purchase Programs (income figures based on Department of Housing and Community Development income Limits dated February 25, 2005) I Person Household 2 Person Household 3 Person HousehoTn 4 Person Household Monthly Monthly Monthly Monthly Income �'� Affordable Income Annual Income Affordable Income Annual Income Affordable Income Annual Income Affordable _Category Annual Income Housing 9 I Category g y Housing 9 Category 9 Y Housing g Category g Y Housin g (2) Cost Costs Costs Costs Very ow 19,500 1 $487 IVeryLow 22,250Very ow 1 $25,050 26 1 Veryo $27,850 96 Low (3) 1 $31 200 $682 1 Low 35,650 $779 1 Low $40 100 $877 1 Low $44 550 $974 oderite46 750 $1 250 IlMnijarnte $53 450 1 428 0 Moderate $60 100 1 607 0Moderate 66 800 $1,785 Person Household 6 Person Househommorld 7 Person Household 8 Person Household FIncom Annual Income Monthly Affordable Housin 9 Income Cate or 9 Y Annuallncome Monthly Affordable Housin 9 Income Category Cate or Annuallncome Monthly Affordable Housin 9 Income Cate or g Y Annual Income Monthly Affordable Housin g Very 30 050 51 VeryLow 32 300 807 Ver Low 34 500 863 VeryLow 36 750 918 48 100 1 052 Low 51 700 1 130 Low 55 250 1 208 Low 58 800 1 285 72 150 1 928 Moderate 77 500 2 071 Moderate 82 850 2 214 Moderate 88 200 2 357 1 Attachment 3a: Housing Resource Survey Two Bedroom Comparables Address Type Sales Price Bedroom/Baths 44095 Calico Cir., La Quinta Single Family $395,000 3/2 73083 Santa Rosa Way, Palm Desert Single Famil $395,900 3/2 78760 Nolan Cir, La Quinta Sin le Famil $ 425,000 3/2 Note: Based on the assessed value of subject property, listings of comparable sales within the target price range were comprised of three -bedrooms. Available two -bedroom dwelling did not meet square footage and sales price criteria. Attachment 3b: Housing Resource Survey Three Bedroom Comparables Address Type Sales Price Bedroom/Baths 53720 Avenida Carranza, La Quinta Single Family $510,000 3/2 43621 Palmero Ct., La Quinta Single Famil $514,900 3/2 78605 Sanita Drive, La Quinta iSingle Famil $ 525,000 4/3 067 Attachment 4 City of La Quinta Redevelopment Agency RELOCATION ASSISTANCE TO DISPLACED HOMEOWNER OCCUPANTS Introduction This booklet describes the relocation payments and other relocation assistance provided under the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970, as amended ("URA") to most homeowners whose home is acquired by the City of La Quinta Redevelopment Agency ("Agency"). To be eligible for the assistance described in this booklet, you must have owned and occupied your home for at least 180 days before the Agency offered to buy it. If you are notified that your home will be acquired and you will be displaced, it is important that you do not move before you learn what you must do to receive the relocation payments and other assistance to which you are entitled. This booklet may not answer all of your questions. If you have more questions, contact the Agency. (Check the back of this booklet for the name of the person to contact at the Agency.) Ask your questions before you move. Afterwards, it may be too late. Summary of Relocation Assistance As an eligible displaced homeowner occupant, you will be offered the following advisory and financial assistance: Advisory Services. This includes referrals to comparable replacement homes, the inspection of replacement housing to ensure that it meets established standards, help in preparing claim forms for relocation payments and other assistance to minimize the impact of the move. Payment for Moving Expenses. You may choose either a: ❖ Payment for Your Actual Reasonable Moving and Related Expenses, or ❖ A Fixed Moving Payment, or ❖ A combination of both, based on circumstances. Replacement Housing Payment. To enable you to buy or, if you prefer, rent a comparable replacement home, you may choose either: r C1 6 8 ❖ Purchase Assistance, or ❖ Rental Assistance. If you disagree with the Agency's decision as to the relocation assistance for which you are eligible, you may appeal that decision as provided by the Agency's Grievance Procedures and state HCD Grievance Guidelines. General Questions Will I Be Paid For My Property Before I Have To Move? If you reach an agreement to sell your property to the Agency, you will not be required to move before you receive the agreed purchase price. If the property is acquired through an eminent domain proceeding, you cannot be required to move before the estimated fair market value of the property has been deposited with the court. (You should be able to withdraw this amount immediately, less any amounts necessary to pay off any mortgage or other liens on the property and to resolve any special ownership problems. Withdrawal of your share of the money will not affect your right to seek additional compensation for your property.) Will I Have To Pay Rent To The Agency Before I Move? You may be required to pay a fair rent to the Agency for the period between the acquisition of your property and the date that you move. The rent will not exceed that charged for the use of comparable properties. How Will I Know I Am Eligible For Relocation Assistance? You should receive a written notice explaining your eligibility for relocation assistance. You will become eligible for relocation assistance on the date you receive the Agency's written offer of "just compensation" to purchase your home. You should not move before receiving that purchase offer. If you do, you may not receive relocation assistance. How Will The Agency Know How Much Help I Need? You will be contacted at an early date and personally interviewed by a representative of the Agency to determine your relocation needs and preferences for replacement housing and advisory services. The interviewer will ask certain questions about you and other members of your household. It is to your advantage to provide the information so that the Agency can assist you in moving with a minimum of hardship. The information you give will be kept in confidence. How Soon Will I Have To Move? If possible, a mutually agreeable date for the move will be worked out. You will be given enough time to make plans for moving. Unless there is a health or safety emergency, you will not be required to move without at least 90 days advance written notice of (1) at least one "comparable replacement home" that is available to you and (2) the earliest date by which you must move. What Is A Comparable Replacement Home? A comparable replacement home is: • Decent, safe, and sanitary. • Functionally equivalent to your present home. • Actually available for you to buy. • Affordable. • Reasonably accessible to your place of employment. • Generally as well located with respect to public and commercial facilities, such as schools and shopping, as your present home. • Not subject to unreasonable adverse environmental conditions. • Available to all persons regardless of race, color, religion, sex, or national origin. What is Decent, Safe, and Sanitary Housing? Decent, safe, and sanitary housing is housing that: • Meets local housing and occupancy requirements. Additionally, it is housing that: • Is structurally sound, weather tight, and in good repair. • Contains a safe, adequate electrical wiring system. • Has adequate living space for the occupants. • Has a kitchen with a sink, hot and cold running water, and connections for a stove and refrigerator. • Has a separate, complete bathroom with hot and cold running water and sewage system. • Has heating as required by climatic conditions. • Has an unobstructed exit to safe, open space at ground level. • Is free of any barriers that would preclude your reasonable use of the unit, if you are a person with a physical disability. 070 Will The Agency Help Me Find A Replacement Home? Yes. You will be provided with referrals to comparable replacement housing. If possible, you will be referred to at least three comparable replacement homes. The maximum financial assistance for which you may qualify will be based on the cost of the most representative comparable replacement home that is available to you. When the Agency gives you its initial written purchase offer, it will typically inform you at that time, or shortly thereafter, of your eligibility for relocation assistance, identifying the most comparable replacement home and explain the maximum amount of relocation assistance available to you. Once the Agency representative has a clear understanding of your needs and preferences, he or she will work with you to assure that you are given the best possible choice of housing and offer you transportation to inspect these units. If there is a mortgage on your present home, the Agency will refer you to lenders that can provide mortgage financing for your new home. If the money paid for your old home is applied to the purchase of your new home, there should not be any increase in the number or amount of your monthly payments for mortgage interest and principal. What If I Find My Own Replacement Housing? You have every right to find your own replacement housing. However, before you buy or rent, ask the Agency to inspect the unit to make sure that it is decent, safe, and sanitary. If the housing unit is not decent, safe, and sanitary, you will not receive a replacement housing payment. What If I Encounter A Problem In Obtaining Housing Of My Choice? If you encounter a problem in buying or renting housing of your choice, notify the Agency immediately. The Agency will look into the matter and try to resolve it. You will receive this help whether you were referred to the housing unit or found it yourself. If you are unable to buy or rent a housing unit because of discriminatory practices on the part of a real estate broker, rental agent, lender, or a property owner, the Agency will help you file a formal housing discrimination complaint with the U.S. Department of Housing and Urban Development or the appropriate State or local fair housing agency. What Other Services Will I Receive? In addition to help in obtaining a comparable replacement home, other assistance, as necessary, will be provided in order to minimize the impact of your move. This assistance may include referral to appropriate public and private agencies that provide services concerning housing financing, employment, health, welfare, or legal assis- tance. The range of services depends on the needs of the person being displaced. 071 You should ask the Agency representative to tell you about the specific services that will be available to help you and your family. What Is a Payment For Actual Reasonable Moving And Related Expenses? You are entitled to a relocation payment to cover the actual reasonable cost of your move. If you choose a Payment For Actual Reasonable Moving And Related Expenses, you may include in your claim the reasonable costs for: • Transportation for you and your family. • Packing, moving and unpacking your household goods. • Disconnecting and reconnecting household appliances and other personal property (e.g., telephone and cable TV). • Storage of household goods, as may be necessary. • Insurance for the replacement value of your property during the move and necessary storage. • The replacement value of property lost, stolen or damaged in the move (but not through your neglect) if insurance is not reasonably available. The Agency will explain all eligible moving costs, as well as those which are not eligible. You must be able to account for any costs that you incur, so keep all your receipts. Select your mover with care. The Agency can help you select a reliable and reputable mover. You may elect to pay your moving costs yourself and be repaid by the Agency or, if you prefer, you may have the Agency pay the mover. In either case, let the Agency know before you move. What Is A Fixed Moving Payment? If you choose a Fixed Moving Payment, you will receive a payment based on the number of rooms of furniture you will be moving, as shown on the Fixed Residential Moving Cost Schedule. The Agency has a copy of the schedule and will help you decide whether choosing this payment is in your best interest. If you do not have an unusually large amount of personal property to move and are capable of moving yourself, this payment should be more advantageous to you. No special documentation is required to support your claim. You need only move your personal property and complete the appropriate claim form in order to receive your payment. 1 Want To Buy Another Home. How Much Purchase Assistance Will I Receive? To help you buy a comparable replacement home, you will receive Purchase Assistance equal to the sum of the following three costs: 0% Purchase Price Differential. If the cost of replacement housing exceeds the amount the Agency pays for your present home, you may be eligible for a payment to cover the difference. The Agency will inform you in writing of the location and cost of comparable replacement housing (and explain the basis of its determination) so that you will know in advance how much assistance you may receive. That information should help you decide how much you wish to pay for replacement housing. You are free to purchase any decent, safe and sanitary housing unit of your choice. If the purchase price is less than the cost of a comparable replacement home, the payment will be limited to the actual difference. If it exceeds the cost of a comparable replacement home, the payment will be based on the cost of a comparable home. Examples: Let's say that the Agency pays $120,000 to purchase your home and that a comparable replacement home costs $130,000. ❖ If you pay $129,000 for a replacement home, you would receive a $9,000 differential payment (the difference between the Agency's payment for the acquisition of your home and the cost of your replacement home). •'• If you pay $132,000 for the replacement home, you would receive a $10,000 • differential payment (the difference between the Agency's acquisition payment and the cost of the comparable replacement home). Mortgage Interest Differential Payment. This amount covers the "present value" of the additional costs required to finance the purchase of a replacement home that result if the interest rate you must pay for a new mortgage is higher than the interest rate on the mortgage on your present home. It also covers other debt service costs. The payment is based on the lesser of: the mortgage balance on your present home or your new mortgage amount. To be eligible, the mortgage on your home must have been a valid lien for at least 180 days before the Agency's initial written purchase offer for your home. You should provide the Agency with a copy of your mortgage(s) as soon as possible. Based on that information and the prevailing terms and conditions of new mortgage financing, the Agency will compute the approximate mortgage interest differential payment for which you will be eligible, inform you of that amount and explain the conditions on which it is based. The payment will be made available with the purchase price differential in a timely manner to reduce the amount you must borrow to buy your new home. Incidental Expenses. This amount covers those extra costs typically charged when one buys real property, such as the cost of preparing the deed and recording fees; � ` 073 the cost of title insurance, revenue stamps and transfer taxes (not to exceed the cost for comparable replacement housing); loan application, loan origination and appraisal fees; the cost of a credit report; and for other costs such as certification of structural soundness, home inspection and termite inspection. It does not cover prepaid expenses, such as property taxes and insurance. Remember, your total replacement housing payment is the sum of the purchase price differential, mortgage interest differential, and incidental expenses. To qualify for the payment, you must purchase and occupy a decent, safe and sanitary replacement home within one year after the later of: the date you move or the date you receive the final payment for the acquisition of your present home. However, the Agency will extend this period for good cause. If I Decide To Rent, Rather Than Buy, Another Home, How Much Assistance Will I Receive? If you decide to rent rather than buy a replacement home, you may be eligible to receive Rental Assistance. The assistance covers a 42-month period and is computed in the following manner. The assistance needed for one month is based on the difference between the market rent for your present home (including utilities), as determined by the agency, compared to a comparable rental dwelling available on the market (including utilities). That monthly need, if any, is multiplied by 42 to determine the total amount that you will receive. This amount will be paid directly to you in monthly installments or other periodic payments. Examples: Let's say that the monthly "market rent' and average cost for utilities for your present home are $250 and the monthly rent and estimated average utility costs for a comparable replacement home are $350. •'• If you rent a replacement home for $360 per month, including estimated utility • charges, you will receive $4,200. That amount is 42 times $100 (the difference between the market rent for your present home ($250) and the cost for a comparable replacement home ($350)). ••• If you rent a replacement home for $310, including estimated average monthly utility • charges, you will receive $2,520. That amount is 42 times $60 (the difference between the "base monthly rent" for your present home ($250) and the actual cost of your new home ($310)). To qualify for rental assistance, you must rent and occupy a decent, safe, and sanitary home within one year after the later of: the date you move or the date you receive the t� 0- 74 final payment for the acquisition of your present home. However, the Agency will extend this period for good cause. The amount of rental assistance cannot exceed the computed purchase price differential. Must I File A Claim To Obtain A Relocation Payment? Yes. You must file a claim for each relocation payment. The Agency will provide you with the required claim forms, help you to complete them, and explain the type of documentation, if any, that you must submit in order to receive your relocation pay- ments. If you must pay any relocation expenses before you move (e.g., a deposit when you contract for the purchase of a new home), discuss your financial needs with the Agency. You will be able to obtain an advance payment to meet these costs. An advance payment to purchase a home may be placed in "escrow." An advance payment for moving expenses may be paid directly to the moving contractor to ensure that the move will be completed on a timely basis. You must file your claim within 18 months after the date you move or receive the final payment for the acquisition of your present home. However, it is to your advantage to file as soon as possible after you move. The sooner you submit your claim, the sooner it can be processed and paid. If you are unable to file your claim within 18 months, ask the Agency to extend this period; however the Agency is not obligated to extend this 18 month period.. Be careful not to confuse this 18-month period with the 12-month period within which you must buy or rent and occupy a replacement dwelling in order to be eligible for a replacement housing payment. You will be paid promptly after you file an acceptable claim. If there is any question regarding your right to a relocation payment or the amount of the payment, you will be notified, in writing, of the problem and the action you may take to resolve the matter. Do I Have To Pay Federal Income Taxes On My Relocation Payments? No. Section 216 of the URA states that you need not report relocation payments as part of your gross income for Federal tax purposes. For information on State or local income taxes, you should check with the State or local income tax office in your area or with your personal tax advisor. What If I Don't Receive The Required Assistance. Can I Appeal? If you disagree with the Agency's decision as to your right to relocation assistance or the amount of a payment, or the adequacy of the housing to which you have been referred, 075 you may appeal the decision to the Agency. The appeal procedure is spelled out in the HCD Grievance Procedure Guidelines and the Agency's Grievance Procedures. A copy of the Agency's procedures has been attached to the Relocation Plan. The Agency will inform you of its appeal procedures. Your appeal must be in writing. However, if you need help, the Agency will assist you in preparing your appeal. If you are a low- or moderate -income person and are dissatisfied with the Agency's determination on your appeal, you may have an additional right to request administrative review of that decision (e.g., by HUD or the State). The Agency will explain whether this option is available. You can expect a fair decision on any appeal. However, if you are not satisfied with the final administrative decision on your appeal, you may seek review of the matter by the courts. I Have More Questions. Who Will Answer Them? If you have any questions after reading this booklet, contact the Agency and discuss your concerns with an Agency representative. Agency: City of La Quinta Redevelopment Agency Address: 78-495 Calle Tampico La Quinta, CA 92253 Office Hours: 8:30 AM through 5:00 PM; Monday through Friday Telephone Number: (760) 765-3070 Person to Contact: Andrea Castro '" 076 Attachment 5: Fixed Moving Schedule Schedule A (Occupant Owns Furniture Number of Rooms Payments 1 $ 625 2 $ 800 3 $ 1,000 4 $ 1,175 5 $ 1,425 6 $ 1,650 7 $ 1,900 8 $ 2,150 Each additional room $ 225 Source: California Department of Transportation, Federal Highway Administration Schedules 077 Attachment 6 City of La Quinta Redevelopment Agency GRIEVANCE PROCEDURES Purpose: The purpose of the Grievance Procedures is to attempt to resolve disputes between the claimant and the Agency at the lowest possible administrative level while affording the claimant an opportunity to have a full and fair review of his/her case. Therefore, all relevant evidence should be presented at the lowest level of these proceedings. In any case where such evidence could have been presented at a lower level and the claimant failed to do so, the relevant hearing body may, at its discretion, refer the matter back to the lower level for consideration and determination prior to their considering such evidence. A failure to provide evidence at a lower level of proceedings may prevent the issue or evidence from being further reviewed, including, without limit, in judicial review for failure to exhaust remedies. These procedures are supplemented by HCD Guidelines sections 6150-6176. A. Right of Review Initial Determination: Any displaced person or business who is not satisfied with a determination as to eligibility, amount of payment, and failure by the Agency to provide comparable permanent or adequate temporary replacement housing or the Agency's property management practices, or not properly applying appropriate regulations, at his/her election, may have his/her claim reviewed and reconsidered by the Agency's relocation consultant in accordance with the following procedures. To obtain an initial determination from the Agency's relocation consultant, claimant must complete a Relocation Complaint form and submit it to the Agency's relocation consultant and the City Clerk within (540) days from the date he/she moves from the acquired property or receives final compensation for displacement from the property, whichever is later. The Agency's relocation consultant shall provide the claimant with a full written explanation of the determination and the basis therefore, which explanation shall be provided within three weeks from the date of receipt of the request. The written explanation shall include a statement of claimant's right to seek within ten (10) days further review of his/her claim by either formal or informal review and an explanation of the steps the claimant must take to obtain this review. The right to an informal oral presentation as provided in section B below or a formal hearing as provided in section C below shall not be conditioned upon first obtaining an initial determination from the Agency's relocation consultant. B. Informal Oral Presentation Agency Review: If the claimant feels that the written explanation provided in section A above is incorrect or inadequate, or if the claimant desires to proceed directly to informal review, he/she may request an informal hearing with the Community Development Director or Designee ("Director"). (1) To obtain an informal hearing before the Director the claimant must request in writing that the Director schedule such a hearing. Such written request shall be made (i) within ten (10) days from the date of the written initial determination or, if the claimant does not wish to request an initial determination, (ii) by submitting a Relocation Complaint form within five hundred forty (540) days from the date he/she moves from the acquired property or receives final compensation from the property, whichever is later. (a) Within fifteen (15) days from the date of receipt of claimant's Relocation Complaint form for an informal hearing, he/she will be afforded an opportunity to make an oral presentation, or to request a written review by the Director of the relevant documents and written materials submitted by the claimant. (b) The claimant may be represented by an attorney or other person of his/her choosing at the oral presentation hearing (at the cost of the claimant). (c) The Director shall prepare a summary of the matters discussed and determinations made during the informal hearing, or written review, and serve a copy thereof upon the claimant. (d) The Director shall review and reconsider the determination of the claimant's case in light of: - All material upon which the Agency based its original determination including all applicable rules and regulations; - The reasons given by the claimant for requesting review and reconsideration of his/her claim; - Whatever additional written material has been submitted by the claimant; and Any further information which the Director may, in his/her discretion, obtain by request, investigation or research, to ensure fair and full review of the claim. The proceedings shall not be bound by any formal rules of evidence. (2) The final determination on review by the Director shall include, but is not limited to: (a) The Agency relocation consultant's initial determination, if applicable; (b) The factual and legal basis upon which the decision is based, including any pertinent explanation or rationale; and (c) A statement of claimant's right to seek within ten (10) days further review of his/her claim by the City Manager and Assistant City Manager and an explanation of the steps the claimant must take to obtain this review. (3) The right to a formal hearing as provided in section C below shall not be conditioned upon first obtaining an informal hearing by the Director. C. Request for Formal Review The City Manager and the Assistant City Manager Review: If the claimant feels that the initial determination by the Agency's relocation consultant, the Director's determination following the informal oral hearing, or written review by the Director is incorrect or inadequate, or if the claimant desires to proceed directly to formal review, he/she may request a formal hearing before the City Manager and the Assistant City Manager (or, if there is no Assistant City Manager, such other person as the City Manager may designate), acting as the Appeals Board ("Appeals Board"). To obtain a formal hearing before the Appeals Board the claimant must request in writing that the Director schedule such a hearing. Such request shall be made (i) within ten (10) days from the date of the Agency relocation consultant's initial determination, the Director's determination following the informal 079. hearing or the Director written review or, if the claimant does not wish to request an informal hearing (ii) within five hundred forty (540) days from the date he/she moves fro the acquired property or receives final compensation from the property, whichever is later. (1) Within fifteen (15) days from the date of receipt of claimants written request, he/she will be notified of the formal hearing date. If the claimant requests additional time to prepare material for consideration and shows good cause therefore, the hearing date shall be continued to another date. (2) The Appeals Board shall, at the time it gives notice of the formal hearing date, notify the claimant that he/she has the right to be represented by an attorney or others at his/her own expense, to present his/her case by oral or documentary evidence; the right to submit oral or documentary evidence; the right to submit rebuttal evidence to conduct such cross- examination as may be required for full and true disclosure of facts; and the right to seek judicial review after having exhausted all administrative appeal remedies. (3) The Appeals Board shall review and reconsider the initial determination and/or the determination made at an informal hearing taking into consideration all material upon which the challenged determination was made, all applicable rules and regulations, the reasons given by the claimant for requesting review, any additional relevant evidence, oral or documentary, submitted by either the claimant or the Agency's representatives. No evidence may be relied upon by the Appeals Board where the claimant has been improperly denied an opportunity to rebut evidence or cross-examine a witness. The proceedings of the Appeals Board shall not be bound by any formal rules of evidence. (4) The Appeals Board shall make its determination within six weeks from the date on which the formal hearing is concluded or the date of receipt of the last material submitted, whichever is later. (5) The Appeals Board's determination shall be made in writing and shall contain its decision, the factual and legal basis upon which the decision is made and a statement informing the claimant of his/her right to appeal the decision to the Agency Board as provided below. (6) The claimant shall be promptly served with a copy of the Appeals Board's determination. Review by Redevelopment Agency. Any person who believes himself/herself to be aggrieved by any final decision of the Appeals Board may, within five (5) days after that date on the Appeal Board's notice of such ruling or act, appeal the Appeals Board's determination to the Redevelopment Agency Board of Directors (the "Agency") by filing with the Community Development Director a written statement of the rulings or acts complained of and the reasons for taking such appeal. The Director shall thereupon refer such appeal to the Agency at its next regular meeting and the Agency shall thereupon fix a time for the hearing of said matter, which time shall be not less than thirty (30) days from the time said appeal is presented to the Agency by the Director. On the date thus fixed, or on the date to which said hearing shall have been continued, the Agency shall proceed to hear and consider the evidence relating to said matter and shall make and enter on its minutes its final determination therein. The Agency may confirm, modify or set aside the findings of the Appeals Board, and the Agency's determination in the matter shall be final and conclusive. No proceeding or action shall lie against the City, the Agency, the Community Development Director, the City Manager, the Assistant City Manager (or such appointed designee) or any member of either thereof, nor against any officer, agent or employee of the Agency or City to review or enjoin the enforcement of its. determination or orders of the Agency made pursuant hereto, or to recover damages for carrying out such orders in a lawful and reasonable manner, unless such action is commenced within ninety days (90) from and after service of notice of the findings and determination of the Agency. Notice of the determination of the Agency shall be served by the Community Development Director upon the person, or persons, taking the appeal. The effect of any order from which an appeal is so taken as herein provided shall be suspended and of no force or effect until such appeal is fully determined. The claimant shall be deemed to have exhausted his/her administrative remedies upon filing timely appeals and the Agency taking action upon his/her complaint. E. Time Limits General: The Community Development Director may extend any of the time limits as permitted by HCD Guidelines section 6162 upon a showing of good cause; provided, however, that the time periods established by these Grievance Procedures within which to timely appeal a decision from a lower body shall not be extended. Any refusal to waive a time limit may be reviewed in accordance with the procedures set forth in Section C above; provided, however, any request to review shall be made within thirty (30) days from the date of receipt by claimant of written notice that the request to extend time has been denied. F. Review of Files By Claimant The claimant may inspect all files and records bearing upon his/her claim or the prosecution of the claimant's grievance, except to the extent the confidentiality of the material sought or the disclosure thereof is protected or prohibited by law. G. Effect of Determination Determinations made by the Agency Board pursuant to the paragraph entitled "Review by Redevelopment Agency" in section C shall be applicable to all eligible persons in similar situations regardless of whether any such eligible person seeks a review. All written determinations shall be filed in the records of the Agency and available for public inspection. H. Right to Counsel Any claimant has the right to be represented by an attorney at his/her expense at any and all stages of the proceedings set forth in this Article. I. Stay of Displacement Pending Review If claimant seeks to prevent displacement, the Agency shall not require the claimant to move until at least 20 days after it has made a determination and the claimant has had an opportunity to seek judicial review. In all cases the Agency shall notify the claimant in writing 20 days prior to the proposed new date of displacement. J. Further Review If the Agency denies the eligibility of a claimant for a payment, or disapproves the full amount claimed, or refuses to consider the claim on its merits because of untimely filing, or any other ground, the Agency's notification to the claimant of its determination shall inform the claimant of its reasons therefore, and shall also inform the claimant of the applicable procedures for obtaining further review of this determination. These regulations prescribe the City of La Quinta procedures for granting administrative relief to any person aggrieved by a determination as to eligibility for a payment authorized by the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 and the State of California Government Code Section 7260, et. seq., with regard to the obligation of the Agency to refer such person to an adequate replacement dwelling or to any person aggrieved by a determination as to eligibility for a payment authorized by the above legislation to provide the opportunity for his/her application to be reviewed by the appropriate department responsible for administering such payments. 082 Exhibit B FIRST AMENDMENT TO THE AMENDED AND RESTATED AGREEMENT FOR THE COLLECTION, TRANSPORTATION AND DISPOSAL OF MUNICIPAL SOLID WASTE This first amendment (the "Amendment") to that certain agreement entitled "Amended and Restated Agreement for the Collection, Transportation, and Disposal of Municipal Solid Waste" (the "Agreement") is entered between the City of La Quinta (hereinafter "City") and Burrtec Waste and Recycling Services, LLC (hereinafter "Burrtec" and/or "Contractor") so as to be effective as of July 1, 2006. RECITALS A. City and Waste Management of California, Inc., a California Corporation dba Waste Management of the Desert ("Waste Management") entered the Agreement, which is dated July 5, 2000. B. Waste Management's has requested that its rights and obligations as set forth in the Agreement be transferred and assigned to Burrtec, and City has consented to this request contingent upon various factors, including Burrtec's agreement to certain amendments to the Agreement, which amendments the parties desire to memorialize by entering this Amendment. COVENANTS Section 1. Contractor. The term "Contractor" as used in the Agreement shall now refer to Burrtec. Section 2. Assumption of Obligations. By executing this Amendment, Burrtec agrees to assume all of Waste Managements right, title, and interest in and to the Agreement, and Burrtec agrees to timely discharge, perform or cause to be performed and to be bound by all of the liabilities, duties and obligations imposed in connection with the Agreement as if it had been the original party designated as the "Contractor" thereto. Included specifically, without limitation, in the obligations and liabilities assumed by Burrtec are those set forth in Article X of the Agreement. In this regard, Burrtec shall specifically assume any obligations and liabilities of Waste Management resulting from the application of the hazardous substances indemnification provisions of Section 10.2 in connection with the disposal of materials at facilities chosen by Waste Management or owned by Waste Management or any of its Affiliates. While as between Contractor and City this Agreement requires Contractor to assume any obligations and liabilities of Waste Management that may exist pursuant to the terms of the Agreement, it is not intended to abrogate any rights which Contractor may have pursuant to that certain asset purchase agreement entered between Burrtec and Waste Management, dated January 25, 2006, to seek indemnification or other remedies from Waste Management as a result of Contractor's obligations hereunder. Section 3. Maintenance of Existing Service Levels. Burrtec shall provide programs, staffing levels, and services that meet or exceed the programs, staffing levels and services 083 provided by Waste Management prior to City's consent to the transfer and assignment of the Agreement, without regard to whether such programs, staffing levels or services are specifically called out in the Agreement or this Amendment. For instance, Waste Management allows any Residential Customer desiring to change Cart sizes to do so at no charge, and Burrtec agrees to continue this practice. Section 4. Insurance and Surety Bond: As a condition precedent to the effectiveness of City's consent to the transfer the Agreement to Burrtec, Burrtec shall provide evidence of insurance and a performance bond meeting the requirements of Articles V and VI of the Agreement. Section 5. Identification of Vehicles and Equipment. City understands Burrtec will utilize containers and collection vehicles in performance of the Agreement that it purchased from Waste Management. All such equipment utilized by Burrtec shall be uniformly painted as required by Article III of the Agreement. Burrtec shall not be required to repaint containers or collection vehicles purchased from Waste Management to reflect its corporate colors, however if it chooses to do so it shall accomplish repainting as expeditiously as reasonably possible. All collection vehicles utilized by Burrtec shall comply with applicable laws and regulations, including those related to the use of alternative fuels, and at a minimum all vehicles used in residential and commercial routes shall be powered by low emission fuel sources. Section 6. Limitation on requests for Fuel Surcharge. As additional consideration for the City's consent to the transfer of the Agreement, Burrtec agrees that if during the remainder of the term it seeks the City's consent to implement a "fuel surcharge," and recognizing that City has unfettered discretion as to whether to permit any such surcharge, it will not do so until after July 1, 2007. Section 7. Residential Document Shredding Program Implementation. As additional consideration for the City's consent to the transfer of the Agreement, Burrtec agrees to implement a residential shredding program at no additional cost. The residential document shredding program shall be designed to meet at least the following minimum requirements. Not less than one time per calendar year, Contractor shall establish a location within City to which residents may deliver confidential documents, such as financial records. Contractor, or such vendor to whom it may contract to provide this service, shall take possession of all records delivered by residents to such location on the designated day(s) and cause them to be shredded on site. Thereafter, Contractor shall make all reasonable efforts to recycle the materials remaining after the shredding process is complete, and shall properly dispose of any remaining materials. Section S. Audited Financial Statements: Burrtec shall provide a third party designated by City, such as its City Attorney or solid waste consultant, with its audited financial statements for calendar year 2006 and calendar year 2007 within five (5) months of the end of such calendar years. The City acknowledges that these records are viewed by Burrtec as proprietary and confidential, and will endeavor to maintain the confidentiality of all proprietary information provided by Burrtec. Notwithstanding the foregoing, any documents provided to City that are public records are subject to being disclosed as may be required by law pursuant to a Public Records Act request. Section 9. Additional Reports/Records: The parties agree that Section 7.1 of the Agreement shall be amended to require maintenance of the following records in addition to those already required: 1. Customer services and billing/payment records; 2. Number of refuse, recycling and green waste routes and rout hours by service category (residential, commercial, roll -off, and special services); 3. Facilities, equipment, and personnel used; 4. Number of refuse, recycling and green waste containers in service by frequency of collection for each customer group (residential, commercial, roll -off); and 5. Number of roll -off box pulls. Section 10. Transition Obligations: The parties agree that the Agreement shall be amended to add the following language to Section 21.2: At the end of the Term, or in the event this Agreement is terminated for cause prior to the end of the Term, Contractor shall cooperate fully with City and any subsequent solid waste enterprise it designates to assure a smooth transition of services. Contractor's cooperation shall include, but not be limited to, providing route lists, billing information and other operating records needed to service all premises covered by this Agreement. The failure to cooperate with City following termination shall be conclusively presumed to be grounds for specific performance of this covenant and/or other equitable relief necessary to enforce this covenant. Contractor shall provide any new solid waste enterprise with all keys, security codes and remote controls used to access garages, gates and bin enclosures. Contractor shall be responsible for coordinating transfer immediately after its final collection activities, so as to not disrupt services. Contractor shall provide City with detailed rout sheets containing service names and addresses, billing names and addresses, monthly rate and service levels (number and size of containers and pickup days) at least 90 days prior to the transition date, provide an updated list two weeks before the transition, and a final updated list with any changes the day before the transition. Contractor shall provide means of access to the new solid waste enterprise at least one full business day prior to its first day of collection, and within sufficient time so as to not impede in any way the new solid waste enterprise from easily servicing all containers. Section 11. Liquidated Damages: The parties agree that the Agreement shall be amended to add a new Section 9.2 which shall read as follows: The City finds, and Contractor agrees, that as of the time of the execution of this Amendment, it is impractical, if not impossible, to reasonably ascertain the extent of damages which shall be incurred by City as a result of a breach by Contractor of certain specific obligations of Contractor. The factors relating to the impracticability of C 0 8 5 ascertaining damages include, but are not limited to, the fact that: (i) substantial damage results to members of the public who are denied services or denied quality or reliable service; (ii) such breaches cause inconvenience, anxiety, frustration, and deprivation of the benefits of the Agreement to individual members of the general public for whose benefit this Agreement exists, in subjective ways and in varying degrees of intensity which are incapable of measurement in precise monetary terms; (iii) that the services that are the subject of this Agreement might be available at substantially lower costs than alternative services and the monetary loss resulting from denial of services or denial of quality or reliable services is impossible to calculate in precise monetary terms; and (iv) the termination of this Agreement for such specific breaches, and other remedies are, at best, a means of future correction and not remedies which make the public whole for past breaches. The parties further acknowledge that consistent, reliable Solid Waste collection service is of utmost importance to City and that City has considered and relied on Contractor's representations as to its quality of service commitment in entering this Amendment and the Agreement. The parties further recognize that some quantified standards of performance are necessary and appropriate to ensure consistent and reliable service and performance. The parties further recognize that if Contractor fails to achieve the performance standards, or fails to submit required documents in a timely manner, City and its residents will suffer damages and that it is and will be impractical and extremely difficult to ascertain and determine the exact amount of damages which City will suffer. Therefore, the parties agree that the following liquidated damage amounts represent a reasonable estimate of the amount of such damages for such specific breaches, considering all of the circumstances existing on the date of this Amendment, including the relationship of the sums to the range of harm to City that reasonably could be anticipated and the anticipation that proof of actual damages would be costly or impractical. In placing their initials at the places provided, each party specifically confirms the accuracy of the statements made above and the fact that each party has had ample opportunity to consult with legal counsel and obtain an explanation of the liquidated damage provisions at the time that the Agreement was made. Contractor City Initial Here Initial Here Contractor agrees to pay (as liquidated damages and not as a penalty) the amounts set forth below for each of the respective acts: Failure to provide services For each day that Contractor fails to provide any of the services required under this Agreement, commencing five (5) business days after written notice is provided by the City that Contractor is not providing required services: $500.00/day Failure to provide reports or records For each day that required monthly reports are late or incomplete, or that records required to be produced hereunder are not made available: $50.00/day r 086 For each day that required annual reports are late or incomplete: $100.00/day Failure to Cooperate with Service Provider Transition: For each day routing information, customer data and other operation information requested by City is received after City established due dates, both for preparation of a request for proposals and for new service providers implementation of service: $1,000.00/day For each day delivery of keys, access codes, remote controls, or other means of access to containers or container locations is delayed beyond one (1) day prior to new service provider servicing containers: $5,000/day Prior to assessing liquidated damages, City shall give Contractor notice of its intention to do so. The notice will include a brief description of the incident(s)/non-performance. Contractor may review (and make copies at its own expense) all information in the possession of City relating to incident(s)/non-performance. Contractor may, within ten (10) days after receiving the notice, request a meeting with City. Contractor may present evidence in writing and through testimony of its employees and others relevant to the incident(s)/non-performance. City will provide Contractor with a written explanation of his or her determination on each incident(s)/non-performance prior to authorizing the assessment of liquidated damages. The decision of City shall be final. Contractor shall pay any liquidated damages assessed by City within ten (10) days after they are assessed. If they are not paid within the ten (10) day period, City may proceed against the performance bond required by the Agreement or find Contractor in default and terminate this Agreement, or both. Section 12. Guarantee of Contractor's Performance. Concurrent with executing this Amendment Contractor shall deliver to City a Corporate Guarantee, in the form attached hereto as Exhibit 1, executed by Burrtec Waste Group Inc. affirming that it shall act as guarantor of Contractor's obligations as set for in the Agreement, as amended by this Amendment. Section 13. Reimbursement of City Expenses. As a condition precedent to the effectiveness of the provisions of this Amendment, Contractor shall pay City an amount equal to all administrative, legal and consulting costs it incurred in connection with negotiating, analyzing, and entering this Amendment. Such payment shall be taken from the deposit already provided to City by Contractor, with any amounts exceeding the amount of the deposit due within 30 days of Contractor receiving an invoice from City for the foregoing expenses. Section 14. Effectiveness of Agreement. ement. All provisions of the Agreement, excepting for those expressly amended herein, shall remain unchanged and in full force and effect. IN WITNESS WHEREOF, the Parties hereto have executed this Amendment to be effective as of the date written above. CITY OF LA QUINTA LORA DON ADOLPH, Mayor Attest: JUNE S. GREEK, City Clerk Approved as to form: By: M. KATHERINE JENSON, City Attorney BURRTEC WASTE AND RECYCLING SERVICES, LLC 0 its: EXHIBIT 1 CORPORATE GUARANTY THIS GUARANTY (the "Guaranty) is given as of the 1st day of July, 2004, and is made with reference to the following facts and circumstances: A. Burrtec Waste and Recycling Services, Inc., hereinafter ("Contractor") is a an affiliate of Burrtec Waste Group (Guarantor). B. Contractor has assumed the obligations of Waste Management of California, Inc., a California Corporation dba Waste Management of the Desert ("Waste Management") in that certain agreement with the City of La Quinta ("City") dated July 5, 2000 and entitled "Amended and Restated Agreement for the Collection, Transportation, and Disposal of Municipal Solid Waste" (the "Agreement"). C. Contractor has additionally entered into an agreement with City dated July 1, 2006 and entitled "First Amendment to Amended and Restated Agreement for the Collection, Transportation, and Disposal of Municipal Solid Waste" (the "First Amendment") D. It is a requirement of the First Amendment, and a condition to the City approving the transfer and assignment of the Agreement to Contractor, that Guarantor guaranty Contractor's performance of the Agreement, including as it has been modified by the First Amendment. E. Guarantor is providing this Guaranty to induce the City to approve the transfer of the Agreement and enter into the First Amendment. NOW, THEREFORE, in consideration of the foregoing, Guarantor agrees as follows: 1. Guaranty of the Agreement. Guarantor hereby irrevocably and unconditionally guarantees to the City the complete and timely performance, satisfaction and observation by Contractor of each and every term and condition of the Agreement, as amended and modified by the First Amendment, which Contractor is required to perform, satisfy or observe. In the event that Contractor fails to perform, satisfy or observe any of the terms and conditions of the Agreement, as amended and modified by the First Amendment, Guarantor will promptly and fully perform, satisfy or observe them in the place of the Contractor (including by causing the services required of Contractor to be performed by a Solid Waste Enterprise acceptable to City). Guarantor hereby guarantees payment to the City of any damages, costs or expenses which might become recoverable by the City from Contractor due to its breach of the Agreement, as amended and modified by the First Amendment. 2. Guarantor's Obligations Are Absolute. The obligations of the Guarantor hereunder are direct, immediate, absolute, continuing, unconditional and unlimited, and with respect to any payment obligation of Contractor under the Agreement, or the First Amendment, shall constitute a guarantee of payment and not of collection, and are not conditional upon the genuineness, validity, regularity or enforceability of the Agreement or First Amendment. In any action brought against the Guarantor to enforce, or for damages for breach of, its obligations hereunder, the Guarantor shall be entitled to all defenses, if any, that would be available to the Contractor in an action to enforce, or for damages for breach of, the Agreement as amended and modified by the First Amendment (other than discharge of, or stay of proceedings to enforce, obligations under the Agreement under bankruptcy law). 3. Waivers. Except as provided herein the Guarantor shall have no right to terminate this Guaranty or to be released, relieved, exonerated or discharged from its obligations under it for any reason whatsoever, including, without limitation: (1) the insolvency, bankruptcy, reorganization or cessation of existence of the Contractor; (2) the actual or purported rejection by a trustee in bankruptcy of the Agreement, or any limitation on any claim in bankruptcy resulting from the actual or purported termination of the Agreement; (3) any waiver with respect to any of the obligations of the Agreement, as amended and modified by the First Amendment, guaranteed hereunder or the impairment or suspension of any of the City's rights or remedies against the Contractor; or (4) any merger or consolidation of the Contractor with any other corporation, or any sale, lease or transfer of any or all the assets of the Contractor. Without limiting the generality of the foregoing, Guarantor hereby waives the rights and benefits under California Civil Code Section 2819. The Guarantor hereby waives any and all benefits and defenses under California Civil Code Section 2846, 2849, and 2850, including without limitation, the right to require the City to (a) proceed against Contractor, (b) proceed against or exhaust any security or collateral the City may hold now or hereafter hold, or (c) pursue any other right or remedy for Guarantor's benefit, and agrees that the City may proceed against Guarantor for the obligations guaranteed herein without taking any action against Contractor or any other guarantor or pledgor and without proceeding against or exhausting any security or collateral the City may hold now or hereafter hold. City may unqualifiedly exercise in it sole discretion any or all rights and remedies available to it against Contractor or any other guarantor or pledgor without impairing the City's rights and remedies in enforcing this Guaranty. The Guarantor hereby waives and agrees to waive at any future time at the request of the City to the extent now or then permitted by applicable law, any and all rights which the Guarantor may have or which at any time hereafter may be conferred upon it, by statute, regulation or otherwise, to avoid any of its obligations under, or to terminate, cancel, quit or surrender this Guaranty. The Guarantor hereby expressly waives, diligence, presentment, demand for payment or performance, protest and all notices whatsoever, including, but not limited to, notices of non- payment or non-performance, notices of protest, notices of any breach or default, and notices of acceptance of this Guaranty. If all or any portion of the obligations guaranteed hereunder are paid or performed, Guarantor's obligations hereunder shall continue and remain in full force and effect in the event that all or any part of such payment or performance is avoided or recovered directly or indirectly from the City as a preference, fraudulent transfer or otherwise, irrespective of (a) any notice of revocation given by Guarantor or Contractor prior to such avoidance or recovery, and (b) payment in full of any obligations then outstanding. C9� 4. Term. This Guaranty is not limited to any period of time, but shall continue in full force and effect until all of the terms and conditions of the Agreement have been fully performed or otherwise discharged and Guarantor shall remain fully responsible under this Guaranty without regard to the acceptance by the City of any performance bond or other collateral to assure the performance of Contractor's obligations under the Agreement. Guarantor shall not be released of its obligations hereunder as long as there is any claim by the City against Contractor arising out of the Agreement based on Contractor's failure to perform which has not been settled or discharged. 5. No Waivers. No delay on the part of the City in exercising any rights under this Guaranty or failure to exercise such rights shall operate as a waiver of such rights. No notice to or demand on Guarantor shall be a waiver of any obligation of Guarantor or right of the City to take other or further action without notice or demand. No modification or waiver of any of the provisions of this Guaranty shall be effective unless it is in writing and signed by the City and by Guarantor, nor shall any waiver be effective except in the specific instance or matter for which it is given. 6. Attorney's Fees. In addition to the amounts guaranteed under this Guaranty, Guarantor agrees in the event of Guaranty's breach of its obligations including to pay reasonable attorney's fees and all other reasonable costs and expenses incurred by the City in enforcing this Guaranty, or in any action or proceeding arising out of or relating to this Guaranty, including any action instituted to determine the respective rights and obligations of the parties hereunder. 7. Governing Law: Jurisdiction. This Guaranty is and shall be deemed to be a contract entered into in, and pursuant to the laws of, the State of California and shall be governed and construed in accordance with the laws of California without regard to its conflicts of laws, rules for all purposes including, but not limited to, matters of construction, validity and performance. Guarantor agrees that any action brought by the City to enforce this Guaranty may be brought in any court of the State of California and Guarantor consents to personal jurisdiction over it by such courts. 8. Severability. If any portion of this Guaranty is held to be invalid or unenforceable, such invalidity will have no effect upon the remaining portions of this Guaranty, which shall be severable and continue in full force and effect. 9. Binding On Successors. This Guaranty shall inure to the benefit of the City and its successors and shall be binding upon Guarantor and its successors, including transferee(s) of substantially all of its assets and its shareholder(s) in the event of its dissolution or insolvency. 10. Authority. Guarantor represents and warrants that it has the corporate power and authority to give this Guaranty, that its execution of this Guaranty has been authorized by all necessary action under its Article of Incorporation and By -Laws, and that the person signing this Guaranty on its behalf has the authority to do so. r C9I 11. Notices. Notice shall be given in writing, deposited in the U.S. mail, registered or certified, first class postage prepaid, addressed as follows: To the City: Thomas P. Genovese, City Manager City of La Quinta P. O. Box 1504 La Quinta, CA 92247 with a copy to the City's Legal Counsel at the same address. M To the Guarantor: Guarantor: Burrtec Waste Group, Inc. (title) r " 092 COUNCIL/RDA MEETING DATE: May 16, 2006 ITEM TITLE: A Joint Public Hearing Between the City Council and Redevelopment Agency to Consider the Sale of Real Property Located at 53-205 Avenida Navarro By and Between the La Quinta Redevelopment Agency and Kim Loutsenhizer RECOMMENDATION: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: Approve the sale of 53-205 Avenida Navarro to maintain an affordable housing unit in Project Area No. 1 for a purchase price of $165,000 and authorize the Executive Director to execute the necessary documents to complete the property sale. FISCAL IMPLICATIONS: The Agreement would result in the Agency receiving approximately $68,000 from sale proceeds. The Agency would also provide a $96,000 silent second trust deed loan to insure that the dwelling is affordable to a very low income household for 45 years. BACKGROUND AND OVERVIEW: In August, 1995, the Agency acquired 50 single family homes located in the Cove to secure these units from bankruptcy proceedings filed by the then owner, Coachella Valley Land. Prior to the bankruptcy, the Agency invested $1 .0 million to maintain the dwellings as very low income rental units. Since then, the Agency has substantially rehabilitated these dwellings to correct deficiencies and improve their appearance. These costs have been funded from rental income. In February 1998, the Agency directed staff to sell two (2) units per year first to qualified tenants, and secondly, to other eligible very low income households. The proposed sale is the twenty-second (22nd) unit to be sold; twelve (12) of these units were sold to existing tenants and ten (10) to non -tenant households. The proposed purchaser is an existing tenant who expressed an interest in purchasing the property, took the required actions to qualify for a first trust deed loan, and qualifies in the very low income category. The sale transaction would be structured as other Agency affordable housing projects, wherein the existing Agency -funded silent second trust deed would cover the difference between the market sales price and an affordable first trust deed mortgage. 093 If this sale is authorized, the unit will be sold for the market value of $165,000, with the buyer funding a 3% down payment and a private lender originating a $64,050 first trust deed mortgage (the maximum loan the homebuyer can obtain). The Agency would convert $96,000 of its equity in the property into a silent second trust deed loan. This unit has substantially rehabilitated and therefore, can be counted toward the Agency's inclusionary housing requirement. FINDINGS AND ALTERNATIVES: The alternatives available to the Redevelopment Agency include: 1. Approve an agreement to sell real property located at 53-205 Avenida Navarro to Kim Loutsenhizer for a purchase price of $165,000 and authorize the Executive Director to execute the necessary documents to complete the property sale; or 2. Do not approve an Agreement to sell real property located at 53-205 Avenida Navarro to Kim Loutsenhizer for a purchase price of $165,000; or 3. Provide staff with alternative direction. Respectfully submitted, Douglas vans Community Development Director Attachments: 1. Summary Report Approved for submission by: Thomas P. Genovese, Executive Director it o94 ATTACHMENT#1 SUMMARY REPORT FOR THE PROPOSED RESIDENTIAL HOME SALE AGREEMENT BETWEEN THE LA QUINTA REDEVELOPMENT AGENCY AND KIM LOUTSENHIZER May 16, 2006 INTRODUCTION This document is the Summary Report ("Report") for the proposed Sale Agreement ("Agreement") between the La Quinta Redevelopment Agency ("Agency") and Kim Loutsenhizer ("Buyers"). The purpose of Agreement is to facilitate the sale by the Agency of a single-family dwelling to the Buyers. This Report has been prepared pursuant to Section 33433 of the California Health and Safety Code ("California Community Redevelopment Law") and presents the following: • A summary of the proposed transaction. • The cost of the sale to the Agency. • The estimated value of the interest to be conveyed, determined at the highest and best uses permitted. by the Agency's Redevelopment Plan. • The estimated value to be conveyed, determined by the use and with the conditions, covenants, and development costs required by the Agreement. • An explanation of why the sale, pursuant to the Agreement, will assist in the elimination of blight. SUBJECT PROPERTY The home is a vacant 3-bedroom 2-bath single-family dwelling located at 53-205 Avenida Navarro within La Quinta Redevelopment Project Area No. 1 ("Property"). The Agency acquired the Property in 1995 to preserve single-family homes that were affordable to very -low income Section 8 households. These homes have been rented to said households since 1995. The Buyers are the current tenants of this home who expressed interest in purchasing it and subsequently qualified for a first trust deed loan. The Agency then elected to enter into the Agreement to facilitate this sale. 0J5 THE TRANSACTIONS PROVIDED FOR BY THE AGREEMENT The Agreement will accommodate the sale of the Property to the Buyers, who will continue to occupy the dwelling. The sales price of $165,000, which represents the fair market value, will be funded through a combination of the Buyers' down payment of $4,950, a first trust deed mortgage of $.64,050, and the Agency's equity of $96,000 that will be converted into a silent second trust deed loan. This second trust deed loan will include covenants to insure that the Property will remain affordable to very low income -households for 45 years. History of Property This Property is part of the Agency Rental Property Purchase Program. In May 1998, the Agency offered these properties first to the existing tenants for purchase and secondly to other qualified very low income households. The Buyers are the current tenants, who expressed an interest in purchasing the unit, and were recently approved by Total Financial Group for a mortgage up to the amount of $64,050. The Buyers qualify as a very low income household. The Cost of the Sale to the Agency To date the Agency has invested $127,750 in the Property through a combination of the initial purchase cost ($86,500) and expenses related to rehabilitating the dwelling ($41,250). Per the Agreement the Agency will sell the Property for $165,000; of this amount the Agency will receive $69,000 in sale proceeds and retain a silent second trust deed of $96,000 in order to insure that the annual costs are affordable to very low income households. Estimated Value of the Interest to be Conveyed, Determined at the Highest and Best Uses Permitted by the Agency's Redevelopment Plan The Redevelopment Plan for La Quinta Redevelopment Project No. 1 provides that the Property shall be used for low -density residential development. Current residential property sales for like dwellings in the Cove market area indicate values of $310,000 to $325,000 for three bedroom, two bath single family dwellings in good condition. Estimated Value of the Interest to be Conveyed, Determined at the Use With the Conditions, Covenants, and Development Costs Required by the Agreement The Agreement provides that the Property will be sold for $165,000. This value was selected in order to facilitate the sale at a cost affordable to a very low income household. C 96 1aquinta\1ghp\renta1 housing\Sum Rpt 53-205 Ave Navarro 2 Explanation of Why the Sale of the Property Pursuant to the Agreement will Assist in the Elimination of Blight The Agreement does not eliminate blight in that it does not facilitate a transaction that remedies blight. Instead the Agreement expands that Agency's affordable housing efforts and increases the community's supply of affordable housing. Prior to the sale, the Agency substantially rehabilitated the Property extending the Property's economic life while improving its appearance. Thus, the transaction will insure the continued affordability of a substantially rehabilitated single-family dwelling to a very low income household. 097 1aquinta\1ghp\renta1 housing\Sum Rpt 53-205 Ave Navarro 3 T 0 .-Odf 4 �wQu�.rw COUNCIL/RDA MEETING DATE: May 16, 2006 ITEM TITLE: A Joint Public Hearing Between the City Council and Redevelopment Agency to Consider the Sale of Real Property Located at 53-195 Avenida Carranza By and Between the La Quinta Redevelopment Agency and Corina Gomez RECOMMENDATION: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: Approve the sale of 53-195 Avenida Carranza to maintain an affordable housing unit in Project Area No. 1 for a purchase price of $165,000 and authorize the Executive Director to execute the necessary documents to complete the property sale. FISCAL IMPLICATIONS: The Agreement would result in the Agency receiving approximately $68,000 from sale proceeds. The Agency would also provide a $96,000 silent second trust deed loan to insure that the dwelling is affordable to a very low-income household for 45 years. BACKGROUND AND OVERVIEW: In August, 1995, the Agency acquired 50 single family homes located in the Cove to secure these units from bankruptcy proceedings filed by the then owner, Coachella Valley Land. Prior to the bankruptcy, the Agency invested $1.0 million to maintain the dwellings as very low income rental units. Since then, the Agency has substantially rehabilitated these dwellings to correct deficiencies and improve their appearance. These costs have been funded from rental income. In February 1998, the Agency directed staff to sell two (2) units per year first to qualified tenants, and secondly, to other eligible very low income households. The proposed sale is the twenty-first (21 st) unit to be sold; eleven (1 1) of these units were sold to existing tenants and ten (10) to non -tenant households. The proposed purchaser is an existing tenant who expressed an interest in purchasing the property, took the required actions to qualify for a first trust deed loan, and qualifies in the very low income category. The sale transaction would be structured as other Agency affordable housing projects, wherein the existing Agency -funded silent second trust deed would cover the difference between the market sales price and an affordable first trust deed mortgage. It If this sale is authorized, the unit will be sold for the market value of $165,000, with the buyer funding a 3% down payment and a private lender originating an $64,050 first trust deed mortgage (the maximum loan the homebuyer can obtain). The Agency would convert $96,000 of its equity in the property into a silent second trust deed loan. This unit has substantially rehabilitated and therefore, can be counted toward the Agency's inclusionary housing requirement. FINDINGS AND ALTERNATIVES: The alternatives available to the Redevelopment Agency include: 1. Approve an agreement to sell real property located at 53-195 Avenida Carranza to Corina Gomez for a purchase price of $165,000 and authorize the Executive Director to execute the necessary documents to complete the property sale; or 2. Do not approve an Agreement to sell real property located at 53-195 Avenida Carranza to Corina Gomez for a purchase price of $165,000 and authorize the Executive Director to execute the necessary documents to complete the property sale; or 3. Provide staff with alternative direction. Respectfully submitted, Douglas R vans Commun y Development Director Attachments: 1. Summary Report Approved for submission by: Thomas P. Genovese, Executive Director 099