2007 01 16 RDA Minutes
LA QUINTA REDEVELOPMENT AGENCY
MINUTES
JANUARY 16, 2007
A regular meeting of the La Quinta Redevelopment Agency was called to
order by Chairman Osborne at 3:00 p.m.
PRESENT: Board Members Adolph, Henderson, Kirk, Sniff,
Chairman Osborne
ABSENT: None
PUBLIC COMMENT - None
CLOSl:D SESSION
1. Conference with 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 property
identified as APN 649-030-016 and -017. Property Owner/Negotiator:
Santa Rosa Development. Michael Shovlin.
The Redevelopment Agency recessed at 3:04 p.m. to Closed Session to and
until the hour of 4:00 p.m.
4:00 P.M.
PUBLIC COMMENT
CONFIRMATION OF AGENDA - Confirmed
APPROVAL OF MINUTES
MOTION - It. was moved by Board Members Sniff/Kirk to approve the
Redevelopment Agency Minutes of December 19, 2006, and January 2,
2007 as submitted. Motion carried unanimously.
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January 16, 2007
CONSENT CALENDAR
1. APPROVAL OF DEMAND REGISTERS DATED JANUARY 2 AND
JANUARY 16, 2007.
2. RECEIVE AND FILE TRANSMITTAL OF TREASURER'S REPORT DATED
NOVEMBER 30,2006.
3. RECEIVE AND FILE TRANSMITTAL OF REVENUE & EXPENDITURES
REPORT FOR NOVEMBER 30, 2006, AND INVESTMENT SUMMARY
REPORT FOR THE QUARTER ENDING DECEMBER 31, 2006.
MOTION - It was moved by Board Members Sniff/Kirk to approve the
Consent Calendar as recommended. Motion carried unanimously.
BUSINESS SESSION - None
STUDY SESSION - None
CHAIR AND BOARD MEMBERS' ITEMS - None
PUBLIC HEARINGS
. 1. JOINT PUBLIC HEARING BETWEEN THE CITY COUNCIL AND
REDEVELOPMENT AGENCY TO CONSIDER A REVISED AFFORDABLE
HOUSING AGREEMENT BETWEEN THE AGENCY AND SANTA ROSA
DEVELOPMENT, INC., TO INCREASE THE AGENCY'S FUNDING FOR
THE HOMEBUYER SILENT SECOND TRUST DEED MORTGAGE LOANS
BY $4.5 MILLION, THUS EXPANDING THE INCOME LEVELS OF THE
HOMEBUYERS FOR THE PROPERTY LOCATED WITHIN THE
WATERCOLORS HOUSING PROJECT AT AVENUE 48 AND ADAMS
STREET.
Chairman Osborne reconvened the Redevelopment Agency at 7:53
p.m.
Redevelopment Consultant Frank Spevacek presented the staff report.
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January 16, 2007
Agency Member Kirk conveyed his concern of the current slowing of
the market and buyers available to qualify for purchase. Mr. Spevacek
explained the current increase of funds enables low and moderate
income buyers to qualify.
. Agency Member Adolph questioned if there is a market. Mr. Spevacek
stated he reviewed all applications for purchasing of homes and profile
of buyer indicated those not qualified would now qualify by increasing
second trust deed.
Agency Member Sniff questioned if this is all or some of the
applicants. Mr. Spevacek stated it was some.
Agency Member Henderson questioned the $4.5 million will only be
released when a qualified buyer is in place. Mr. Spevacek stated the
funds would be released by summer or fall. Council Member
Henderson questioned the long term process and confirmed the funds
are not released until the appropriate time. Mr. Spevacek confirmed.
Agency Member Adolph stated units have been built and just sitting
there. FS second phase is underway.
Agency Member Sniff question if staff enVISions all funds will be
expended. Mr. Spevacek stated in discussion with applicant, this will
be the only additional funding needed to facilitate the sales of the
units and expect to expend all of the funds.
The Redevelopment Chairman declared the PUBLIC HEARING OPEN at
8:04 p.m.
Mr. Shovlin, 78-084 Tamarisk Lane, Rancho Mirage, stated the gap of
people to qualify was very narrow; 75 people who applied have been
reconsidered and qualified by the increase of funding.
There being no requests to speak, the Redevelopment Chairman
declared the PUBLIC HEARING CLOSED at 8:06 p.m.
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4
January 16, 2007
RESOLUTION NO. RA 2007-001
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
LA QUINTA, CALIFORNIA, APPROVING AMENDMENT NO.4 TO AN
AFFORDABLE HOUSING AGREEMENT BETWEEN THE LA QUINTA
REDEVELOPMENT AGENCY AND SANTA ROSA DEVELOPMENT,
INC., FOR THE PROPERTY LOCATED AT THE NORTHEAST CORNER
OF AVENUE 48 AND ADAMS STREET.
MOTION - It was moved by Board Members Sniff/Adolph to adopt
Resolution No. RA 2007-001 as submitted. Motion carried
unanimously.
The Redevelopment Agency recessed to Closed Session as delineated on
Page 1 at 8:09 p.m.
At 9:05 p.m., the Redevelopment Agency meeting was reconvened with no
decisions being made in Closed Session which require reporting pursuant to
Government Code Section 54957.1 (Brown Act).
ADJOURNMENT
There being no further business, the Redevelopment Chairman adjourned the
Redevelopment Agency meeting at 9:05 p.m.
submitted,
VERONICA J. M TECINO, Secretary
City of La Quinta, California