2006 10 17 RDAeaw 41p4&z
Redevelopment Agency agendas are
available on the City's web page
@ www.la-quinta.org
REDEVELOPMENT AGENCY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calls Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, OCTOBER 17, 2006 - 3:30 P.M.
Beginning Resolution No. RA 2006-015
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.
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
acquisition of real property is considered.
CONFERENCE WITH THE AGENCY'S REAL PROPERTY NEGOTIATOR,
DOUGLAS R. EVANS, PURSUANT TO. GOVERNMENT CODE SECTION
54956.8 CONCERNING POTENTIAL TERMS AND CONDITIONS OF
ACQUISITION AND/OR DISPOSITION OF REAL PROPERTY LOCATED ON
THE SOUTH SIDE OF AVENIDA LA FONDA BETWEEN AVENIDA BERMUDAS
AND DESERT CLUB DRIVE (APN 770-122-010, 011, 012). PROPERTY
OWNER/NEGOTIATOR: THOMAS K. DOCZI.
Redevelopment Agency Agenda 1 OCTOBER 17, 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 A PORTION OF 525± ACRES LOCATED AT THE
SOUTHWEST CORNER OF AVENUE 52 AND JEFFERSON STREET.
PROPERTY OWNER/NEGOTIATOR: DDC DESERT DEVELOPMENT, INC.,
THEODORE LENNON.
3. CONFERENCE WITH AGENCY'S LEGAL COUNSEL REGARDING PENDING
LITIGATION, WEITZ GOLF CONSTRUCTION, INC. V. LA QUINTA
REDEVELOPMENT AGENCY, RIVERSIDE SUPERIOR COURT CASE NO. INC
057961, PURSUANT TO GOVERNMENT CODE SECTION 54956.9(A).
RECESS TO CLOSED SESSION
RECONVENE AT 4:30 P.M.
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.
CONFIRMATION OF AGENDA
APPROVAL OF MINUTES
APPROVAL OF MINUTES OF OCTOBER 3, 2006
CONSENT CALENDAR
NOTE: Consent Calendar items are considered to be routine in nature and will be
approved by one motion.
APPROVAL OF DEMAND REGISTER DATED OCTOBER 17, 2006.
RECEIVE AND FILE TREASURER'S REPORT DATED AUGUST 31, 2006.
3. RECEIVE AND FILE REVENUE AND EXPENDITURES REPORT DATED
AUGUST 31, 2006 AND INVESTMENT SUMMARY REPORT FOR THE
QUARTER ENDING SEPTEMBER 30, 2006.
BUSINESS SESSION - NONE
Redevelopment Agency Agenda 2 OCTOBER 17, 2006
STUDY SESSION — NONE
CHAIR AND BOARD MEMBERS' ITEMS — NONE
PUBLIC HEARINGS — NONE
For all Public Hearings on the agenda, a completed "request to speak" form must
be filed with the City Clerk prior to consideration of that item.
ADJOURNMENT
Adjourn to a regularly scheduled meeting of the Redevelopment Agency to be held on
November 7, 2006 commencing with closed session at 3:30 p.m. and open session at
4:30 p.m. in the City Council Chambers, 78-495 Calle Tampico, La Quinta, CA 92253.
DECLARATION OF POSTING
I, Veronica Montecino, City Clerk of the City of La Quinta, do hereby declare that the
foregoing agenda for the La Quinta Redevelopment Agency meeting of October 17,
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
October 13, 2006.
DATEp: October 13, 2006
44 1 /A//
VERONICA J. MONTECINO, City Clerk
City of La Quinta, California
Redevelopment Agency Agenda 3 OCTOBER 17, 2006
,V1, Q/•C�
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�OF Tt�°
IL/RDA MEETING DATE: October 17, 2006
'ITLE:
I Register Dated October 17, 2006
AMENDATION:
ommended the Redevelopment Agency Board:
Receive and File the Demand Register Dated Oct. 17, 2006 of which
represents Redevelopment Agency Expenditures.
AGENDA CATEGORY:
CONSENT CALENDAR
STUDY SESSION
PUBLIC HEARING
$252,184.25
{E SEE CONSENT CALENDAR ITEM NUMBER 1 ON CITY COUNCIL AGENDA
Wd4t 4 e4zo QuINAL
COUNCIL/RDA MEETING DATE: October 17, 2006
ITEM TITLE:
Receive and File Transmittal of Treasurer's Report
as of August 31, 2006
RECOMMENDATION:
It is recommended the La Quinta Redevelopment Agency:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR: y
STUDY SESSION:
PUBLIC NEARING:
Receive and File the Treasurer's Report dated August 31, 2006.
PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
i
COUNCIURDA MEETING DATE: October 17. 2006
ITEM TITLE: Receive and File Transmittal of Revenue
and Expenditure Report dated August 31, 2006
and Investment Summary Report for the
Quarter Ending September 30, 2006
Receive and File.
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR: 3
STUDY SESSION:
PUBLIC HEARING:
Receive and File Transmittal of the August 31, 2006 Statement of Revenue and Expenditur
the La Quinta Redevelopment Agency and Investment Summary Report for the Quarter En(
September 30, 2006.
Res ectfully submitted,
r� 7 <.�.
John M. Falconer, Finance Director
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures Report, August 31, 2006
2. Investment Summary Report for the Quarter Ending September 30, 200
MI 1/1Vf11w1VI
IINTA REDEVELOPMENT AGENCY
NUE SUMMARY
ECT AREA NO.1:
MODERATE BOND FUND:
Allocated merest
Home Sale Proceeds
Non Allocated Interest
Transfer In
TOTAL LOWIMOD BOND
MODERATE TAX FUND:
Tax Increment
Allocated Interest
Non Allocated Interest
Miscellaneous revenue
Non Allocated Interest
LQRP-Rem Revenue
Home Sales Proceeds
Sale of Land
Sewer Suosmy Reimbursements
Rehabilitation Loan Repayments
2nd Trust Dead Repayment
Transfer In
TOTAL LOWIMOD TAX
0710112006 - 0813112006 REMAINING
BUDGET RECEIVED BUDGET
000
0.00
000
0,00
000
000
000
000
000
0.00
000
000
000
000
000
8.915,10D00
152,908.32
8.762.19168
333.300 00
0 DO
333,300 00
000
57597
(575 97)
000
000
000
000
0.00
0.00
252.000 00
24,139 42
227.860 58
315,OD0 00
248,910 80
66,089.20
000
000
000
000
7,43735
(7,43735)
000
000
000
000
446,775 90
(446.775 90)
0.00
000
000
9,815,40000
880,74776
8,934,65224
SERVICE FUND:
Tax Increment
35.430.9M 00
611.63330
34.819.26670
Allocated interest
93.100-00
320
93,096 80
Non Allocated Interest
000
000
000
Intent - County Loan
0 DO
0.00
0.00
Interest Advance Proceeds
000
0.00
0.00
Transfers In
444830400
000
4=3D000
TOTAL DEBT SERVICE
39.972,30400
611,83&50
39,360,66750
TAIL IMPROVEMENT FUND - NON-TAXABLE
Pooled Cash Allocated Interest
12,500 00
0.00
12,500.00
Non Allocated Interest
500.000 00
164,511 69
335.488 31
Litigation Settlement Revenue
0.00
000
0.00
Loan Proceeds
0.00
000
0 DO
Rental Income
000
000
0.00
Transient In
2,500,000 00
002
2 500 000.00
TOTAL CAPITAL IMPROVEMENT
3,012.50000
164,51169
2,847,988.31
TAL IMPROVEMENT FUND -TAXABLE
Pooled Cash Allocated Interest
0.00
000
000
Non Allocated Interest
000
0.00
0.00
Litigation Settlement Revenue
000
000
0.00
Bond proceeds
000
000
000
Rental Income
000
0.00
000
Transfers In
0.00
000
0.00
TOTAL CAPITAL IMPROVEMENT
0.00
0OD
000
DUINTA REDEVELOPMENT AGENCY
07/01/2006-0013112005
BUDGET
EXPENDITURES
ENCUMBERED
REMAINING
BUDGET
PENDITURE SUMMARY
OJFCT AREA NO 11
WRAODERATE BOND FUND
000
000
000
000
PERSONNEL
000
0DO
000
000
SERVICES
REIMBURSEMENT TO
GEN FUND 000
000
000
0DO
HOUSING PROJECTS
000
000
000
000
TRANSFERS OUT
000
000
000
000
TOTAL LC NfMOD BOND
MIIMODERATE TAX FUND:
4,90000
B5190
00O
4,D4810
PERSONNEL
SERVICES
36888100
8.08529
000
36079471
BUILDING HORIZONS
250.00000
000
000
250,00000
LO RENTAL PROGRAM
200.000 GO
25282 90
0 DO
174 71710
208 TRUST DEED PROGRAM
500,000 GO
000
000
500,DD000
LAND
7.000 000 00
000
000
7.000,000 00
FORECLOSURE
15000000
000
000
IM.000 DO
REIMBURSEMENT TO GEN FUND
46412700
80,0762
000
403.43938
TRANSFERS OUT
4,4 .30400
000 ------
000
4,448,30400
TOTAL LOW/MOD TAX
ydr—lTNTM3
?BT SERVICE FUND:
SERVICES
45730000
4.71000
000
BOND PRINCIPAL
2,640 000 00
000
000
640.0000
2840.0000
BOND INTEREST
7658 SIX 00
000
000
7.65890000
INTEREST CITY ADVANCE
1020 000 00
170,00000
000
850,00000
PASS THROUGH PAYMENTS
17 108 646 00
375.72535
000
16,732.92065
ERAF SHIFT
000
000
000
000
TRANSFERS OUT
6468,51500
000
000
6,468.51500
TOTAL DEBT SERVICE
,3fi00
APITAL IMPROVEMENT FUND:
490000
85190
000
404810
PERSONNEL
SERVICES
54171000
85.07579
000
45663421
LANDACOUISITION
000
000
000
000
ASSESSMENT DISTRICT
000
000
000
000
ADVERTISING -ECONOMIC DEV
000
000
000
000
ECONOMIC DEVELOPMENT
000
000
000
000
BOND ISSUANCE COSTS
000
000
000
0DID
CAPITAL -BUILDING
000
000
000
000
REIMBURSEMENT TO GEN FUND
213.01600
35,50266
000
177.51334
TRANSFERS OUT
21,989,47100
9033094
000
21,879,14006
TOTAL CAPITAL IMPROVEMENT
APITAL IMPROVEMENT FUNDRAXABLE BOND
00D
000
BOND ISSUANCE COSTS
000
000
000
00)
TRANSFERS OUT
(d2 B0700)
Q;9
000
(42807
TOTAL CAPITAL IMPROVEMENT
/1NTA REDEVELOPMENT AGENCY
NUESUMMARY
ECT AREA NO.2:
0710112006 - 0813112006 REMAINING
BUDGET RECEIVED BUDGET
MODERATE BOND FUND:
Allocated interest
Non Allocated Interest
Bond Proceeds (fret)
Transfer In
TOTAL LOWIMOD BOND
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 LOWIMOD TAX
LOWIMODERATE BOND FUND:
Allocated Interest
Home Sale Proceeds
Non Allocated Interest
Transfer In
TOTAL LOWIMOD BOND
000
000
000
0.00
000
000
000
000
000
CDO
000
0.00
ODD
000
0.00
4,870.40000
103,15183
4.767.24817
275.30000
0.00
275,30000
000
D00
0.00
0.00
OCO
000
000
000
000
0.00
59.40908
(59,40908)
000
0DO
000
13.994.301 00
000
13.994.301 00
0.00
000
000
19,140,001 00
162,560 91
18,977,440 09
000
0.00
000
000
0.00
OCO
2,000,000 DO
491,64118
L508,35882
000
goo
0.00
2,000,00000
491,64118
1,508,35882
r SERVICE FUND:
Tax Increment
19.658.60000
412.60733
19,245,99267
Allocated Interest
273.90000
013
273.89987
Non Allocated Interest
0 DO
0 DO
000
Interest Advance Proceeds
000
000
0 DO
Transfer In
1 954 842 00
000
1,954,642 00
TOTAL DEBT SERVICE
21,88714200
412,60746
21,474,53454
TAL IMPROVEMENT FUND:
Allocated Interest
105.60000
0.00
1D5,60O 00
Non Allocated Interest
000
0.00
0.00
Developer Agreement
000
000
OCO
Transfers In
0.00
0,00
0.00
TOTAL CAPITAL IMPROVEMENT
105,60D 00
000
105,60000
GUINTA REDEVELOPMENT AGENCY 07MI12006 .0813112006 REMAINING
PENDITURE SUMMARY BUDGET EXPENDITURES ENCUMBERED BUDGET
IOJECT AREA NO, 2:
AVIMOOERATE BOND FUND
2ri0 TRUST DEEDS
000
000
000
000
LAND
000
000
000
000
BOND ISSUANCE COSTS
000
000
000
000
TRANSFERS OUT
000
000
000
000
TOTAL LOWIMOD BOND
ANIMODERATE TAX FUND:
PERSONNEL
2,90000
51554
000
239446
SERVICES
324.11100
4.09003
000
32002097
2ND TRUST DEEDS
000
000
000
0DO
FORECLOSURE ACQUISITION
150,00000
000
000
15000000
REIMBURSEMENT TO GEN FUND
264.52300
4408694
000
220 436 06
TRANSFERS OUT
1993,09700
10000
0DO
1992,99700
TOTAL LOWIMOD TAX
1
04 LOWIMODERATE BOND FUND
HOUSING PROGRAMS 6.28300000 352000 OD 000 5.931,00000
LAND 000 000 000 000
TRANSFERS OUT 53,091795 DO 93.66380 0.00 5299613120
TOTAL LOWIMOD BOND . 1
EBT SERVICE FUND:
SERVICES
176.10000
000
000
176.10000
BONDPRINCIPAL31478O
OO
000
000
BOERETCITY
31470500
000
000
314785W
31478540
188,86880
000
B33.33996
PASST111ROUGADVANCE
PAYMENTS
6,419,46500
11954,64200
6500
000
18,119,3998E
TRANSFERS
TRANSFERS OUT
1,954,84200
000
000
1,954,84200
TOTAL DEBT SERVICE
UNTAL IMPROVEMENT FUND:
PERSONNEL
2.90000
5151E
000
2.38484
SERVICES
13304300
417262
000
128,87038
ADVERTISING -ECONOMIC DEV
ODD
000
000
000
ECONOMIC DEVELOPMENT ACTIVITY
000
000
000
000
REIMBURSEMENT TO GEN FUND
36.534 DO
60887E
ODD
3044522
TRANSFERS OUT
197 6M W
000
ODO
1W,80600
TOTAL CAPITAL IMPROVEMENT
9,3
113
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