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2007 06 19 RDA Minutes LA QUINTA REDEVELOPMENT AGENCY MINUTES JUNE 19, 2007 An adjourned meeting of the La Quinta Redevelopment Agency was called to order at 2:00 p.m. by Chairman Osborne. PRESENT: Agency Members Adolph, Henderson, Kirk, Sniff, Chairman Osborne ABSENT: None PUBLIC COMMENT - None CLOSED SESSION 1. 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 property regarding ENA negotiations with CVHC for property located at the northwest corner of Dune Palms Road and Avenue 48. Property Owners/Negotiators: Coachella Valley Housing Coalition, John Aguilar. 2. 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 property located identified as APN 609-040-005 (POR), 609-040-007, and 609-040-023. Property Owners/Negotiators: Mike Sollenberger, and the Testa Family Partnership. 4:00 P.M. PUBLIC COMMENT - None CONFIRMATION OF AGENDA - Confirmed APPROVAL OF MINUTES MOTION - It was moved by Agency Members Sniff/Adolph to approve the Redevelopment Agency Minutes of June 5, 2007 as submitted. Motion carried unanimously. Redevelopment Agency Minutes 2 June 19, 2007 CONSENT CALENDAR 1. APPROVAL OF DEMAND REGISTER DATED JUNE 19,2007. 2. RECEIVE AND FILE TREASURER'S REPORT DATED APRIL 30, 2007. 3. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED APRIL 30, 2007. 4. ADOPTION OF A RESOLUTION ADOPTING THE INVESTMENT POLICY OF THE CITY OF LA QUINTA FOR FISCAL YEAR 2007/2008. (RESOLUTION NO. RA 2007-005) 5. APPROVAL OF AMENDED AGREEMENT FOR LEGAL SERVICES WITH RUTAN & TUCKER, LLP. MOTION - It was moved by Agency Members Sniff/Adolph to approve the Consent Calendar as recommended and with Item No. 4 being approved by RESOLUTION NO. RA 2007-005. Motion carried unanimously. BUSINESS SESSION - None STUDY SESSION - None CHAIR AND AGENCY MEMBERS' ITEMS - None PUBLIC HEARINGS 1. JOINT PUBLIC HEARING BETWEEN THE CITY COUNCIL AND REDEVELOPMENT AGENCY TO APPROVE AN AGREEMENT TO SELL REAL PROPERTY LOCATED AT 53-785 AVENIDA RAMIREZ BY AND BETWEEN THE LA QUINTA REDEVELOPMENT AGENCY AND MICHELE PACELLI. Interim Community Development Director/Assistant City Manager Evans presented the staff report. Redevelopment Agency Minutes 3 June 19, 2007 The Chairman declared the PUBLIC HEARING OPEN at 7:59 p.m. There being no requests to speak, the Chairman declared the PUBLIC HEARING CLOSED at 7:59 p.m. MOTION - It was moved by Agency Members Henderson/Osborne to approve the sale of 53-785 Avenida Ramirez 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. Motion carried unanimously. The Redevelopment Agency recessed to Closed Session as delineated on Page 1. 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, Chairman Osborne adjourned the meeting.