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2008 05 20 RDA MinutesLA QUINTA REDEVELOPMENT AGENCY MINUTES MAY 20, 2008 A regular meeting of the La Quinta Redevelopment Agency was called to order by Chairman Kirk. PRESENT: Agency Members Adolph, Henderson, Osborne, Sniff, Chairman Kirk ABSENT: None 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 properties identified as APNs 773-370-028 and -029, Silverhawk Apartment Homes. Property Owner/Negotiator: G Companies, James C. Gianulias. 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 located at the southeast corner of Miles Avenue and Washington Street. Property Owners/Negotiators: Lennar Desert Villas Development, Gary Glazer; CP Development La Quinta LLC, Richard Oliphant; The Dolphin Partners, Kevin Pitts; Hibachi Restaurants, Huy Vu, and Ashwood Construction, Inc., Steven L. Froberg. The Redevelopment Agency recessed to Closed Session to and until the hour of 7:00 p.m. 7:00 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). Redevelopment Agency Minutes 2 May 20, 2008 PUBLIC COMMENT -None CONFIRMATION OF AGENDA (See City Council Confirmation of Agenda for reference of changes to Consent Item No. 5.) APPROVAL OF MINUTES MOTION - It was moved by Agency Members Sniff/Adolph to approve the Redevelopment Agency Minutes of May 6, 2008 as submitted. Motion carried with Agency Member Osborne abstaining. CONSENT CALENDAR 1. APPROVAL OF DEMAND REGISTER DATED MAY 20, 2008. 2. RECEIVE AND FILE TREASURER'S REPORT DATED MARCH 31, 2008. 3. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED MARCH 31, 2008. 4. APPROVAL OF AN ASSIGNMENT AND ASSUMPTION AGREEMENT BY AND AMONG CP DEVELOPMENT LA QUINTA, LLC, AND HUY VU (HIBACHI RESTAURANT) FOR PROPERTY LOCATED AT THE SOUTHEAST CORNER OF WASHINGTON STREET AND MILES AVENUE. 5. APPROVAL OF AN AGREEMENT FOR DEPOSIT OF FUNDS BY AND AMONG THE CITY OF LA QUINTA, THE LA QUINTA REDEVELOPMENT AGENCY, LENNAR HOMES OF CALIFORNIA, AND DOLPHIN LA QUINTA, LLC, AND AN ASSIGNMENT AND ASSUMPTION AGREEMENT FOR PROPERTY LOCATED WITHIN THE CENTRE POINTE DEVELOPMENT AT THE SOUTHEAST CORNER OF WASHINGTON STREET AND MILES AVENUE. MOTION - It was moved by Agency Members Sniff/Adolph to approve the Consent Calendar as recommended and amended (minor changes made to Item No. 5 per memorandum distributed May 20, 2008). Motion carried unanimously. Redevelopment Agency Minutes 3 May 20, 2008 BUSINESS SESSION -None STUDY SESSION -None CHAIR AND AGENCY MEMBERS' ITEMS -None PUBLIC HEARINGS -None ADJOURNMENT There being no further business, it was moved by Agency Members Sniff/Osborne to adjourn. Motion carried unanimously. Respectf y submitted, ~~2~~~ VERONICA ONTECINO, Secretary City of La Quinta, California