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2008 06 02 RDA MinutesLA QUINTA REDEVELOPMENT AGENCY MINUTES JUNE 2, 2008 An adjourned 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 price, 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. The Redevelopment Agency recessed to Closed Session to and until the hour of 4:00 p.m. 4:00 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 Actl. 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 May 20, 2008, as submitted. Motion carried unanimously. Redevelopment Agency Minutes 2 June 2, 2008 CONSENT CALENDAR 1. APPROVAL OF DEMAND REGISTER DATED JUNE 2, 2008. MOTION - It was moved by Agency Members SnifflAdolph to approve the Consent Calendar as recommended. Motion carried unanimously. BUSINESS SESSION 1. CONSIDERATION OF A CONTRACT AMENDMENT WITH ALTEVERS ASSOCIATES FOR SILVERROCK RESORT PERMANENT CLUBHOUSE DESIGN SERVICES. Assistant City Manager-Development Services Evans presented the staff report. In response to Agency Member Osborne, Assistant City Manager- Development Services Evans confirmed $11,500 of the S76,000 amount was moved from the RBF budget. Agency Member Osborne stated he does not have a problem moving funds, but is not in favor of spending the remaining 565,000 amount for a certificate. In response to Chairman Kirk, Assistant City Manager-Development Services Evans explained the 565,000 amount is additional funds for the architect, and heating and air conditioning and electrical engineers to create the building design under the LEED program. He added commissioning authority for the LEED certificate is a separate budget. Agency Member Henderson stated she would support the City's participation in making this a LEED program, but will be leery going into the future on a LEED certification. She stated she would like to explore other means to achieve the same end. Agency Member Sniff stated he agrees, and cannot support the change order for what he feels is a needless expenditure. In response to Chairman Kirk, Assistant City Manager-Development Services Evans explained the change order is for design services for long-term energy efficiency, with or without LEED certification. He noted the funds will provide for the architect and the structural and Redevelopment Agency Minutes 3 June 2, 2008 electrical engineers to work together to design an energy-efficient building. Agency Member Sniff questioned why the coordination does not automatically take place. Assistant City Manager-Development Services Evans stated the original contract was for designing the building to code, and did not include taking the design a step farther as they are now being asked to do. MOTION - It was moved by Agency Members Henderson/Adolph to approve an amendment to the Professional Services Agreement with Altevers Associates to provide additional architectural and sub-consultant services in an amount not to exceed 576,537, and authorize the Executive Director to execute the amendment. Chairman Kirk noted the Agency may wish to forego the LEED certificate when it is time to submit the application, but he supports making a small investment to make the clubhouse green friendly. Agency Member Sniff stated staff should have directed the contractors to coordinate together when the contracts were originally approved. Motion carried 3-2-0 with Agency Members Osborne and Sniff dissenting. STUDY SESSION 1. DISCUSSION OF SILVERROCK RESORT CLUBHOUSE FINANCING AND OPERATIONS PROGRAM. Community Services Director Hylton reviewed the operations budget component of the staff report. Agency Member Osborne stated it seems an increase of 530,000 in the marketing budget is a marginal marketing campaign for a new clubhouse. Community Services Director Hylton explained the cost is actually for a sales manager to bring in event business as opposed to written marketing. She confirmed there will be additional marketing expenses once the clubhouse is completed. Agency Member Osborne stated he has concerns about having enough in the budget for marketing. He also asked for clarification on the average green fee. Randy Duncan, of Landmark Golf, explained May and June have not Redevelopment Agency Minutes 4 June 2, 2008 been factored into the average, and it will probably track at about 581 for the year. He stated he does not anticipate the average rate going down in order to bring in more banquet events, but rather a slight increase. Agency Member Osborne commented on the challenge of keeping the average daily rate up. Agency Member Sniff referenced the 5500,000 deficit, and asked if other clubhouses in the Valley make money. Mr. Duncan stated he does not have that information at this time, but noted Desert Willow opened with 18 holes of golf in 1997 and increased to 36 holes in 1998, and did not break even until 2005. In response to another question from Agency Member Sniff, he stated typical clubhouse hours are 6:00 a.m. to 6:00 p.m. unless there is a banquet. In response to Agency Member Sniff, Judy Vossler, of Landmark Golf, stated they do not anticipate serving dinners at SilverRock unless there is a banquet, and the bar would not be open unless there is a special function. She indicated that she is not aware of any clubhouses that make money with only 18 holes and no hotel. Agency Member Sniff commented on the importance of getting a hotel open at SilverRock, and inquired about the funding. Executive Director Genovese stated the 5500,000 deficit the first year and losses from subsequent years would come from the General Fund; stated it is not staff's goal to operate on a deficit, and agreed it is not good business in the long term, but noted it takes time to mature and gain operations. Agency Member Adolph asked if the ratio of 520.36 per round of golf is for a foursome or per person, to which Mr. Duncan responded per person. Chairman Kirk noted the deficit is not unexpected. He stated his request at a previous meeting to see the budget was actually a request to see the original Performa for the operation and the golf course. He anticipates the deficits lasting longer than originally projected, and wants to see the original Performa, as well as a revised Performa on what is expected currently. Agency Member Adolph noted the Agency did not anticipate a recession when they dealt with this issue previously. Chairman Kirk stated he feels it is time for an update of the forecast, and noted an operating deficit exists even without the clubhouse. He Redevelopment Agency Minutes 5 June 2, 2008 wants to see an updated forecast, and get a realistic estimate from the developer on when the hotels will be online. Agency Member Osborne noted SilverRock is being built with redevelopment funds, and not from tax increases to our constituents. He stated it is a "pay-as-you-go" project, without incurring any additional bond debt. Agency Member Sniff stated he agrees with getting a new update with realistic expectations based on current reality for the next two to four years. 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 Ily submitted, ERO I~~ N ECINO, City of La Qumta, California