2008 02 19 RDA Minutes
LA QUINTA REDEVELOPMENT AGENCY
MINUTES
FEBRUARY 19, 2008
A regular meeting of the La Quinta Redevelopment Agency was called to
order by Chairman Kirk.
PRESENT: Agency Members Adolph, Henderson, Sniff,
Chairman Kirk
ABSENT: Agency Member Osborne
It moved by Agency Members Sniff/Adolph to excuse the absence of
Agency Member Osborne. Motion carried unanimously.
PUBLIC COMMENT - None
CLOSED 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 real property
identified as APNs 773-370-028 and -029. Silverhawk Apartment
Homes. Property Owner/Negotiator: G Companies. James C.
Gianulias.
The Redevelopment Agency recessed to Closed Session to and until the hour
of 4:00 p.m.
4:00 P.M.
PUBLIC COMMENT - None
CONFIRMATION OF AGENDA - Confirmed
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February 19, 2008
APPROV AL OF MINUTES
MOTION - It was moved by Agency Members Sniff/Adolph to approve the
Redevelopment Agency Minutes of February 5, 2008, as submitted. Motion
carried unanimously.
CONSENT CALENDAR
1. APPROVAL OF DEMAND REGISTER DATED FEBRUARY 19, 2008.
2. RECEIVE AND FILE TREASURER'S REPORT DATED DECEMBER 31.
2007.
3. RECEIVE AND FILE REVENUE &. EXPENDITURES REPORT DATED
DECEMBER 31.2007.
MOTION - It was moved by Agency Members Sniff/Vice Chairperson
Henderson to approve the Consent Calendar as recommended. Motion
carried unanimously.
BUSINESS SESSION
1. CONSIDERATION OF MID-YEAR BUDGET REPORT FOR 2007/2008.
MOTION - It was moved by Vice Chairperson Henderson/Agency
Member Adolph to: 1) approve an increase of $2,613,186 in
estimated property tax increment revenue; 2) approve a decrease of
$344,200 in estimated investment interest revenue; 3) approve a
decrease of $3,288,400 in estimated revenues from other sources; 4)
approve an appropriation increase of $1,093,650 in pass-through tax
payments; 5) approve an increase of $141,873 in appropriations for
capital projects; 6) approve an increase of $3,356,953 in
appropriations for housing projects; 7) approve an increase of
$350,000 in interest expense; 8) approve a transfer of $53,826 in
RDA PA 1 Debt Service Fund and a transfer out in the same amount
from RDA PA 1 Low-Moderate Income Fund; and 9) receive and file
the Mid-Year Budget Report. Motion carried unanimously.
STUDY SESSION - None
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February 19. 2008
CHAIR AND AGENCY MEMBERS' ITEMS - None
PUBLIC HEARINGS - None
ADJOURNMENT
There being no further business, it was moved by Agency Members
Sniff/Adolph to adjourn. Motion carried unanimously.
VERONICA J ONTECINO, Secretary
City of La uinta, California