2007 02 20 RDA Minutes
LA QUINTA REDEVELOPMENT AGENCY
MINUTES
FEBRUARY 20, 2007
A regular meeting of the La Quinta Redevelopment Agency was called to
order by Chairman Osborne.
PRESENT: Board Members Adolph, Henderson, Kirk, Sniff,
Chairman Osborne
ABSENT: None
PUBLIC COMMENT - None
CLOSED SESSION - None
The Redevelopment Agency recessed to and until the hour of 7:00 p.m.
7:00 P.M.
PUBLIC COMMENT - None
CONFIRMATION OF AGENDA - Confirmed
APPROVAL OF MINUTES
MOTION - It was moved by Board Members Sniff/Adolph to approve the
Redevelopment Agency Minutes of February 6, 2007 as submitted. Motion
carried unanimously.
CONSENT CALENDAR
'.-\..
1. APPROVAL OF DEMAND REGISTER DATED FEBRUARY 20, 2007.
2. RECEIVE AND FILE TRANSMITTAL OF TREASURER'S REPORT DATED
DECEMBER 31, 2006.
Redevelopment Agency Minutes
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February 20, 2007
3. RECEIVE AND FILE TRANSMITTAL OF REVENUE & EXPENDITURES
REPORT DATED DECEMBER 31, 2006.
4. ACCEPTANCE OF SILVERROCK RESORT ON-SITE AND OFF-SITE
NATIVE AREA ENHANCEMENTS, PROJECT NO. 2002-07 (0).
MOTION - It was moved by Board Members Sniff/Adolph to approve
the Consent Calendar as recommended. Motion carried unanimously.
BUSINESS SESSION
1. CONSIDERATION OF MID-YEAR BUDGET REPORT FOR FISCAL YEAR
2006/2007.
There were no changes to the staff report as submitted and on file in
the City Clerk's Office.
MOTION - It was moved by Board Members Sniff/Henderson to: 1)
approve an increase of $9,880,000 in estimated property tax
increment revenue; 2) approve an increase of $2,347,700 in
estimated investment interest revenue; 3) approve an increase of
$1,150,000 in estimated revenues from other sources; 4) approve an
appropriation increase of $4,469,054 in pass-through tax payments;
5) approve an increase of $318,020 in appropriations for other
purposes; and 6) receive and file the Mid-Year Budget Report. Motion
carried unanimously.
STUDY SESSION - None
CHAIR AND BOARD MEMBERS' ITEMS - None
PUBLIC HEARINGS - None
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February 20, 2007
ADJOURNMENT
There being no further business, it was moved by Board Members
Sniff/Adolph to adjourn. Motion carried unanimously.
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VERONICA J ONTECINO, Secretary
City of La Quinta, California