2008 03 18 RDAI
Redevelopment Agency agendas are
available on the City' web page
@ www.la-quinta.org
REDEVELOPMENT AGENCY
b
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, MARCH 18, 2008
3:00 P.M. Closed Session / 4:00 P.M. Open Session
Beginning Resolution No. RA 2008-001
CALL TO ORDER
Roll Call:
Agency Board Members: Adolph, Henderson, Osborne, Sniff, and Chairman Kirk
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.
11 001
Redevelopment Agency Agenda 1 March 18, 2008
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 LOCATED AT THE SOUTHEAST
CORNER OF MILES AVENUE AND WASHINGTON STREET. PROPERTY
OWNERS/NEGOTIATORS: LENNAR DESERT VILLAS DEVELOPMENT, GARY
GLAZER, AND CP DEVELOPMENT LA QUINTA LLC, RICHARD OLIPHANT.
2. 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: 600-030-
016, AND -017. PROPERTY OWNERS/NEGOTIATORS: DESERT CITIES
DEVELOPMENT, MICHAEL SHOVLIN, AND VIP MOTORCARS, JERRY
JOHNSON.
3. 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 LOCATED SOUTHWEST OF THE
INTERSECTION OF HIGHWAY 111 AND LA QUINTA CENTRE DRIVE.
PROPERTY OWNER/NEGOTIATOR: TORRE NISSAN, GEORGE VELARDE.
RECESS TO CLOSED SESSION
RECONVENE AT 4:00 P.M.
4:00 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 MARCH 4, 2008.
IU
Redevelopment Agency Agenda 2 March 18, 2008
CONSENT CALENDAR
NOTE: Consent Calendar items are considered to be routine in nature and will be approved
by one motion.
1. APPROVAL OF DEMAND REGISTER DATED MARCH 18, 2008.
2. RECEIVE AND FILE TREASURERS REPORT DATED JANUARY 31, 2008.
3. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED JANUARY
31, 2008.
4. APPROVAL OF AN APPROPRIATION OF $12,012 TO PAY THE FRINGE -
TOED LIZARD FEES FOR THE WATERCOLORS AFFORDABLE PROJECT.
5. APPROVAL OF APPROPRIATION OF FUNDS FROM RDA PROJECT AREA
NO. 1 FOR MISCELLANEOUS STREET IMPROVEMENTS PROJECT NO.
2005-01.
BUSINESS SESSION - NONE
STUDY SESSION — NONE
CHAIR AND BOARD MEMBERS' ITEMS — NONE
PUBLIC HEARINGS — NONE
ADJOURNMENT
The next regular meeting of the Redevelopment Agency will be held on April 1,
2008, commencing with closed session at 3:00 p.m. and open session at 4:00
p.m. in the City Council Chambers, 78-495 Calle Tampico, La Quinta, CA 92253.
r 0.03
Redevelopment Agency Agenda 3 March 18, 2008
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 March
18, 2008, 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 March 14, 2008.
iCity
;Qunta,
KCalifoirnia
City Clerk
A` 001
Redevelopment Agency Agenda 4 March 18, 2008
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5
COUNCIL/RDA MEETING DATE: March 18, 2008
ITEM TITLE: Demand Register Dated
March 18, 2008
RECOMMENDATION:
It is recommended the Redevelopment Agency Board:
Receive and File the Demand Register Dated
March 18, 2008 of which $615,112.17
represents Redevelopment Agency Expenditures
AGENDA CATEGORY:
BUSINESS SESSION
CONSENT CALENDAR
STUDY SESSION
PUBLIC HEARING
PLEASE SEE CONSENT CALENDAR ITEM NUMBER 1 ON CITY COUNCIL AGENDA
it p0a
cFM OF T13Y'��
COUNCIL/RDA MEETING DATE: March 18, 2008 AGENDA CATEGORY:
ITEM TITLE: Receive and File Treasurer's Report BUSINESS SESSION:
ss��
as of January 31, 2008 CONSENT CALENDAR: o�
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
It is recommended the Redevelopment Agency Board:
Receive and file.
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
�O
y OF
COUNCIL/RDA MEETING DATE: March 18, 2008
ITEM TITLE: Receive and File Revenue and Expenditure
Report for January 31, 2008
RECOMMENDATION:
Receive and File
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR: 3
STUDY SESSION:
PUBLIC HEARING:
Receive and File the January 31, 2008 Statement of Revenue and Expenditures for the
La Quinta Redevelopment Agency.
Respectfully submitted,
John M. Falconer, Finance Director
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachments: 1 . Revenue and Expenditures Report, January 31, 2008
007
LA OUINTA REDEVELOPMENT AGENCY
0710112007 - 0113112008
REMAINING
%
REVENUE SUMMARY
BUDGET
RECEIVED
BUDGET
RECEIVED
PROJECT AREA NO. 1:
LOW/MODERATE BOND FUND:
Allocated Interest
000
000
000
0.000%
Home Sale Proceeds
0.00
000
000
0 000 %
Non Allocated Interest
000
0.00
000
0 000 %
Transfer In
coo
000
000
0.000
TOTAL LOW/MOD BOND
0.00
000
000
0.000%
LOWIMODERATE TAX FUND:
Tax Increment
10,600,600 00
5,064,277 37
5,536,322 63
47 770 %
Allocated Interest
404,80000
(37,85470)
442.65470
.9350%
Non Allocated Interest
000
82864
(828 64)
0 000 %
Miscellaneous revenue
0.00
125,D00 00
(125.000 00)
0 000 %
Non Allocated Interest
000
0.00
000
0 000 %
LORP-Rent Revenue
252,00000
158,289.65
93,71035
62810%
Home Sales Proceeds
150,000 00
158,060 85
(6,060.85)
105 370 %
Sale of Land
000
000
0.00
0 000 %
Sewer Subsidy Reimbursements
000
3,23121
(3,23121)
0.000%
Rehabilitation Loan Repayments
000
000
000
0 000 %
2nd Trust Deed Repayment
000
303,190.04
(303,190 04)
0,000 %
Transfer In
313,15600
313,156.00
000
100000%
TOTAL LOW/MOD TAX
11,720,55600
6,088,17906
5,632,37694
51940%
DEBT SERVICE FUND:
Tax Increment
42,638,700.00
20,255.61673
22,383,08327
47510%
Allocated Interest
896.100 00
445,875 25
450,224 75
49 760%
Nan Allocated Interest
000
000
000
0 000 %
Interst - County Loan
000
0.00
coo
0000%
Interest Advance Proceeds
000
000
0.00
0000%
Transfers In
_ 4,450,26100
2,979,62044
1,470,64056
66950%
TOTAL DEBT SERVICE
47,985,06100
23,681,11242
24,303,94858
49350%
)VEMENT FUND - NON-TAXABLE
Pooled Cash Allocated Interest
37.90000
186,91188
(149,01188)
493170%
Non Allocated Interest
500,00000
436,36186
63,63814
8Z270%
Developer Agreement Funding
000
000
000
0,000%
Sale of Land Proceeds
3,894,60000
000
3,894,60000
0000%
Rental Income
0.00
000
000
0000%
Transfers In
25,000,00000
25,000,00000
000
100000%
TOTAL CAPITAL IMPROVEMENT
29,432,500.00
25,623,27374
3,809,22626
87060%
CAPITAL IMPROVEMENT FUND - TAXABLE
Pooled Cash Allocated Interest
0.00
0.00
0 00
0 000 %
Non Allocated Interest
000
000
000
0 000 %
Litiga0on Settlement Revenue
0.00
000
000
0 000 %
Bond proceeds
0.00
000
0 DO
0 000 %
Rental Income
0.00
000
0 DO
0000%
Transfers In
000
0.00
0 DO
0 000 %
TOTAL CAPITAL IMPROVEMENT
0.00
000
000
0,000%
010V
2
LA OUINTA REDEVELOPMENT AGENCY
07/01/2007-01/3112008
REMAINING
%
REVENUE SUMMARY
BUDGET
RECEIVED
BUDGET
RECEIVED
PROJECT AREA NO. 2:
LOW/MODERATE BOND FUND:
Allocated Interest
000
0.00
000
0000%
Nan Allocated Interest
000
0.00
000
0000%
Bond proceeds (net)
0.00
0.00
000
0 000 %
Transfer In
000
0.00
000
0000%
TOTAL LOW/MOD BOND
0.00
0.00
000
0000%
LOW/MODERATE TAX FUND:
Tax Increment
5.563,90000
2,693,33154
2,870,56846
48410%
Allocated Interest
742,10000
169,99234
572, 10766
22910%
Non Allocated Interest
0.00
coo
000
0 000 %
Developer funding
000
000
000
0000%
Vista Dunes MHP Rental Rev
000
000
000
0000%
2nd Trust Deed Repayment
000
59,219 00
(59,219 00)
0.000%
ERAF Shift - Interest
000
000
000
0000%
Sale of Land
352,687.00
352,68700
000
100.000%
Miraflores Note Repayment
0.00
56.198.00
(56,19800)
0000%
Transfer In
9,378,966.00
9,378,96600
000
100000%
TOTAL LOW/MOD TAX
16,037,653.00
12,710,39388
3,327.25912
79250%
2004 LOW/MODERATE BOND FUND:
Allocated Interest
000
000
000
0.000%
Home Sale Proceeds
000
000
000
0,000 %
Non Allocated Interest
2,000,00000
1.129,96754
870,03246
56500%
Transfer In
0.00
000
000
0.000%
TOTAL LOWIMOD BOND
2,000.00000
1,129,967.54
870,03246
56500%
DEBT SERVICE FUND:
Tax Increment
22,923,100 DO
10,773,32617
12,149,77383
47.000%
Allocated Interest
573,200.00
142,68343
430,516.57
24890%
Non Allocated Interest
0.00
000
000
0 000 %
Interest Advance Proceeds
000
000
000
0,000%
Transfer In
1,955,846 00
1.240 858 77
714,98723
63 440%
TOTAL DEBT SERVICE
25,452.14600
12,156,86837
13,295,27763
47760%
CAPITAL IMPROVEMENT FUND:
Allocated Interest
58,900.00
57,381 72
1,51828
97.420%
Non Allocated Interest
000
000
000
0 000 %
Developer Agreement
000
000
0,00
0000%
Transfers In
000
0.00
000
0.000%
TOTAL CAPITAL IMPROVEMENT
58,90000
57,38172
1.51828
97420%
3
LA QUINTA REDEVELOPMENT AGENCY
EXPENDITURE SUMMARY
PROJECT AREA NO. 1:
LOW/MODERATE BOND FUND
LOWIMODERATE TAX FUND:
DEBT SERVICE FUND:
07/01/2007 - 01/31/2003 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
PERSONNEL
000
000
0.00
0.00
SERVICES
000
0,00
000
000
REIMBURSEMENT TO GEN FUND
000
000
000
000
HOUSING PROJECTS
000
000
000
000
TRANSFERS OUT
000
000
000
000
TOTAL LOW/MOD BONG
PERSONNEL
1,10000
80515
0.00
29485
SERVICES
362,764.00
221,16494
000
141,599.06
BUILDING HORIZONS
000
000
0.00
000
LQ RENTAL PROGRAM
200,000,00
115,48981
000
84,510.19
2nd TRUST DEED PROGRAM
225,00000
191,05000
000
33,950.00
LAND ACQUISITION
10 276,127 00
5,780, 10383
000
4,496,023.17
FORECLOSURE
425,00000
86,95281
0.00
338,04719
REIMBURSEMENT TO GEN FUND
652,471 00
380,607 36
000
271,86364
TRANSFERS OUT
4,450,26100
2,979,62044
000
1470,640.56
TOTAL LOW/MOD TAX
SERVICES
457,30000
367.23998
000
90,060.02
BOND PRINCIPAL
3,514,57900
2,795.00000
0.00
719,57900
BOND INTEREST
7.500,553 00
3,791.308 13
0.00
3,709,244 B7
INTEREST CITY ADVANCE
1,020.00000
598,82603
000
421,17397
PASS THROUGH PAYMENTS
22,808,01200
9,283,427.32
000
13,524,58468
ERAF SHIFT
000
000
000
0.00
TRANSFERS OUT
28,970,960.00
27,519,31935
0.00
1.451,84065
TOTAL DEBT SERVICE
(54,VlAU4 00
44,355TZGZT—
000
CAPITAL IMPROVEMENT FUND:
PERSONNEL
1,100.00
80515
0.00
29485
SERVICES
992,559.00
406,81853
32,050.00
553,69047
LAND ACQUISITION -
000
000
0.00
000
ASSESSMENT DISTRICT
000
000
000
0.00
ADVERTISING -ECONOMIC DEV
000
000
000
0.00
ECONOMIC DEVELOPMENT
000
000
000
0.00
BOND ISSUANCE COSTS
000
0.00
000
0.00
CAPITAL -BUILDING
10.00000
000
0.00
10,00000
REIMBURSEMENT TO GEN FUND
311,03300
18143524
000
129,597.76
TRANSFERS OUT
63,089,04000
1,607,56024
0.00
61,48147976
TOTAL CAPITAL IMPROVEMENT
CAPITAL IMPROVEMENT FUND/TAXABLE BOND
BOND ISSUANCE COSTS
000
000
0.00
000
TRANSFERS OUT
000
000
0.00
000
TOTAL CAPITAL IMPROVEMENT
4
LA OUINTA REDEVELOPMENT AGENCY
EXPENDITURE SUMMARY
PROJECT AREA NO 2,
LOW/MODERATE BOND FUND
07/01/2007 - 01/31/2008 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
2nd TRUST DEEDS
000
000
0 00
0.00
LAND
COSTS
000
000
000
000
000
000
TRANSFERS OUBOND T
TRANSFERS OUT
000
000
000
000
000
0.00
TOTAL LOW/MOD BOND
050
LOWIMODERATE TAX FUND:
PERSONNEL
SERVICES
70000
48724
000
21276
2ND TRUST DEEDS
540,464 00
000
249,402.21
0.00
291,061.79
LOW MOD HOUSING PROJECTS
000
000
5.000.00
000
0.00
000
(5,000.00)
FORECLOSURE ACQUISITION
100,00000
000
0.00
100,000.00
WATERCOLOR COURT HOMES
4,500,00000
2.851,10000
000
1,648,900.00
LAND ACQUISITION
333,55500
72,42700
0.00
261,128.00
REIMBURSEMENT TO GEN FUND
356,50500
207.96062
000
148,544.38
TRANSFERS OUT
7256,43000
2,903,58044
000
4352,84956
TOTAL LOW/MOD TAX
2004 LOW/MODERATE BOND FUND
HOUSING PROGRAMS
0.00
000
0.00
000
LAND
TRANSFERS OUT
0.00
33,684,23600
0.00
6,280,694.11
000
0.00
0.00
2T403,541.89
TOTAL LOW/MOD BOND
DEBT SERVICE FUND:
SERVICES
BOND PRINCIPAL
176,10000
169,498.66
000
(13,398.66)
BOND INTEREST
110,00000
310,135 00
110,00000
156,263 75
0.00
000
000
153,871 25
INTEREST CITY ADVANCE
1,000,00000
617,23372
000
382,766.28
PASS THROUGH PAYMENTS
18,688,406 00
4,568,890.71
0.00
14.119.515.29
TRANSFERS OUT
11,334,81200
10,619,82477
0.00
714,96723
TOTAL DEBT SERVICE
ou
CAPITAL IMPROVEMENT FUND:
PERSONNEL
700.00
486.96
000
213.04
SERVICES
ADVERTISING -ECONOMIC DEV
123,64100
000
66,32661
000
000
57,31439
ECONOMIC DEVELOPMENT ACTIVITY
000
0.00
000
0.00
0.00
0.00
REIMBURSEMENT TO GEN FUND
25.291.00
14.752.78
000
10,538.22
TRANSFERS OUT
473,00400
110,16105
000
36244295
TOTAL CAPITAL IMPROVEMENT177
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AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: March 18, 2008
BUSINESS SESSION:
ITEM TITLE: Approval of an Appropriation of
CONSENT CALENDAR:
$12,012 to Pay the Fringe -Toed Lizard Fees for the
Watercolors Affordable Project STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
Approve the appropriation of $12,012 to pay the Fringe -Toed Lizard Fees for the
Watercolors affordable project.
FISCAL IMPLICATIONS:
The total amount of the Fringe -Toed Lizard Fee is $12,012. Funding for the
appropriation would come from the Redevelopment Project Area 2 Low- Moderate
Income Housing Fund Undesignated Reserves Account 246-0000-290.00-00.
BACKGROUND AND OVERVIEW:
On January 22, 2003, the Agency entered into an Affordable Housing Agreement
with Santa Rosa Development, Inc., to develop a senior citizen housing
development consisting of 149 single-family detached homes to be sold to eligible
buyers at an affordable housing cost.
The project is nearing completion as all homes are constructed and on -site
improvements are being finalized. In reviewing our records prior to finalizing all
Fringe -Toed Lizard fees, it was determined the fees for this project are yet to be
paid. Staff is therefore requesting an appropriation of $12,012 to pay the Fringe -
Toed Lizard fees prior to the Multi -Species fee becoming effective.
012
FINDINGS AND ALTERNATIVES:
The alternatives available to the Redevelopment Agency include:
1. Approve the appropriation of $12,012 to pay the Fringe -Toed Lizard Fees for
the Watercolors project; or
2. Do not approve the appropriation of $12,012 to pay the Fringe -Toed Lizard
Fees for the Watercolors project; or
3. Provide staff with alternative direction.
Respectfully submitted,
N
C G
Douglas R vans,
Assistant City Manager — Development Services
Approved for submission by:
Thomas P. Genovese, Executive Director
COUNCIL/RDA MEETING DATE: March 18, 2008
ITEM TITLE: Approval of Appropriation of Funds from
RDA Project Area No. 1 for Miscellaneous Street
Improvements Project No. 2005-01
RECOMMENDATION:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
Appropriate $69,028 in additional funds from RDA Project Area No. 1 to pay for
unanticipated costs associated with Miscellaneous Street Improvements Project No.
2005-01.
FISCAL IMPLICATIONS:
The following is a budget summary:
Project budget total (RDA #1, CDBG, Infrastructure)
$
403,160
Contract award amount
$
290,582
Contract Change Order No. 1-5
$
42,114
New contract amount total
$
332,696
Professional/technical/design costs
$
74,312
Contract inspection costs
$
52,745
Personnel costs
$
12,435
Total project costs to date
$
472,188
Project budget total (RDA #1, CDBG, Infrastructure)
$
(403,160)
Appropriation amount/budget shortfall
$
69,028
New contract amount total
$
332,696
Amount paid to contractor to date
$
282,305
Remaining fiscal commitment
$
50,391
Retention to be Released 35 Days after Recordation
$
33,270
Amount Remaining to be Billed
$
17,121
0t '
As can be seen, adequate funding is not available to pay the contractor's remaining
billing ($17,121) and retention ($33,270) and approximately $52,745 in inspection
and associated project costs required for project closeout. An additional appropriation
in the amount of $69,028 is required.
CHARTER CITY IMPLICATIONS:
None, the project is partially funded with Federal Community Development Block Grant
(CDBG) funds and RDA Project Area Number 1 funds. Therefore, it was subject to the
prevailing wage requirements.
BACKGROUND AND OVERVIEW:
On May 17, 2005, the City Council adopted a Resolution approving the Fiscal Year
2005/2006 through 2009/2010 Capital Improvement Program (CIP). The Calle
Tampico Sidewalk and Drainage Improvements were included within the adopted CIP
and scheduled for funding within 2005/2006. The Eisenhower Drive Sidewalk, Palm
Royale Street Improvements, and Simon Drive Median Island Modification projects
were identified as priorities after the CIP was adopted.
On May 15, 2007, the City Council appropriated RDA Project Area Number 1 funds, in
the amount of $77,867, which was previously assigned to Sidewalk -Various Locations
in the Capital Improvement Plan; appropriated $141,532 from unassigned
Infrastructure Funds; approved the plans, specifications and engineer's estimate
(PS&E); and authorized staff to advertise for bid the Miscellaneous Street
Improvements, Project 2005-01 .
On July 5, 2007, three sealed bids were received for the construction of this project.
D&L Wheeler submitted the lowest responsive bid in the amount of $290,582.
On August 7, 2007, City Council formally acted to award a contract, in the amount of
$290,582, to D&L Wheeler Enterprises to construct the Miscellaneous Street
Improvements, Project 2005-01 .
On September 24, 2007, a Notice to Proceed was issued with a ninety (90) working
day contract completion time starting September 24, 2007, and ending on January
29, 2008. Contract Change Orders extended the project for a total of six (6) working
days or February 6, 2008. The project was deemed substantially complete on January
18, 2008.
Conflicts between the existing conditions and proposed improvements required
additional engineering, construction, inspection, testing and survey, and increased the
proposed project schedule and budget. The majority of the increased costs were
caused by having to redesign the improvements on Palm Royale. The redesign was
needed to connect to existing improvements that were constructed by the Desert
A, 035
Sands Unified School District at an elevation substantially different than that shown on
their improvement plans. The conflicts caused a budget shortfall greater than the
contingency fund could reimburse.
FINDINGS AND ALTERNATIVES:
The alternatives available to the Agency include:
1. Appropriate $69,028 in additional funds from RDA Project Area No. 1 to pay for
unanticipated costs associated with Miscellaneous Street Improvements Project
No. 2005-01; or
2. Do not appropriate $69,028 in additional funds from RDA Project Area No. 1 to
pay for unanticipated costs associated with Miscellaneous Street Improvements
Project No. 2005-01; or
3. Provide staff with alternative direction.
Respectfully submitted,
,u' —
Ti othy Jon n, P.E.
ublic W s D r for/City Engineer
Approved for submission by:
Thomas P. Genovese, Executive Director
4
! 016