2008 06 17 RDA164 44va"
Redevelopment Agency agendas are
available on the City' web page
@ www.la-quinta.org
REDEVELOPMENT AGENCY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quints, California 92253
Regular Meeting
TUESDAY, JUNE 17, 2008
3:00 P.M. Closed Session / 4:00 P.M. Open Session
Beginning Resolution No. RA 2008-002
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 — NONE
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.
RECESS TO CLOSED SESSION
RECONVENE AT 4:00 P.M.
001
Redevelopment Agency Agenda 1 June 17, 2008
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
1. APPROVAL OF SPECIAL MEETING MINUTES OF MAY 21, 2008.
2. APPROVAL OF MINUTES OF JUNE 2, 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 JUNE 17, 2008.
2. RECEIVE AND FILE TREASURER'S REPORT DATED APRIL 30, 2008.
3. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED APRIL 30,
2008.
4. 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
put
Redevelopment Agency Agenda 2 June 17, 2008
PUBLIC HEARINGS — NONE
ADJOURNMENT
An adjourned meeting of the Redevelopment Agency will be held on June 19,
2008, commencing at 6:00 p.m. in the City Council Chambers, 78-495 Calle
Tampico, La Quinta, CA 92253.
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 June
17, 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 June 13, 2008.
DATED• June 13, 2008
VERONICA J. MONTECINO, City Clerk
City of La Quinta, California
003
Redevelopment Agency Agenda 3 June 17, 2008
COUNCIL/RDA MEETING DATE: June 17, 2008
ITEM TITLE: Demand Register Dated
June 17, 2008
RECOMMENDATION:
It is recommended the Redevelopment Agency Board:
Receive and File the Demand Register Dated
June 17, 2008 of which $8,091,307.51
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
0 G 4
ceitit 4 xP QuiKraj
COUNCIL/RDA MEETING DATE: June 17, 2008
ITEM TITLE: Receive and File Transmittal of
Treasurer's Report as of April 30, 2008
It is recommended the Redevelopment Agency Board:
Receive and file.
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
CUJ
cFM OF z'KF'9
AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: June 17, 2008 BUSINESS SESSION:
ITEM TITLE: Receive and File Transmittal of Revenue CONSENT CALENDAR:
and Expenditure Report for April 30, 2008
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
Receive and File.
BACKGROUND AND OVERVIEW:
Receive and File Transmittal of the Statement of Revenue and Expenditures for April
30, 2008 for the La Quinta Redevelopment Agency.
Respectfully submitted,
V YVv`I �
ohn M. Falconer, Finance Director
Approved for submission by:
K17?1%2t4za'
Thomas P. Genovese, Executive Director
Attachment: 1. Revenue and Expenditures for April 30, 2008
A l l AILMIVICIV 1 1
LA QUINTA REDEVELOPMENT AGENCY
0710112007 - 0413012008
REMAINING
%
REVENUE SUMMARY
BUDGET
RECEIVED
BUDGET
RECEIVED
PROJECT AREA NO.2:
LOWIMODERATE BOND FUND:
Allocated Interest
0.00
0.00
0.00
0000%
Non Allocated Interest
0.00
0.00
O.DO
0.000%
Bond proceeds (net)
0.00
0.00
000
0.000%
Transfer In
0.00
000
000
0.000%
TOTAL LOWI81OD BOND
0.00
O DD
000
0.000%
LOWIMODERATE TAX FUND:
Tax Increment
5,701,660 DO
2,941,313.14
2,760,346.86
51,590%
Allocated Interest
400,000.00
329,440.53
70,559.47
82360%
Non Allocated Interest
0.00
000
0.00
0000%
Developer funding
000
0.00
0.00
0000%
Vista Dunes MHP Rental Rev
0.00
0.00
0.00
0.000%
. 2nd Trust Deed Repayment
75,000.00
59,219.00
15,781 00
78.960%
ERAF Shift - Interest
000
0.00
0.00
0 00D%
Sale of Land
352,687.00
352,687D0
000
100.000%
MiraBores Note Repayment
52,20000
56.198.00
(3,998.00)
107.660%
Transfer In
9,378,966.00
9,378,966 00
000
100.000
TOTAL LOWIMOD TAX
15,960,513.00
13,117,823.67
2,842,68933
82.190%
2004 LOWIMODERATE BOND FUND:
Allocated Interest
000
0.00
000
0000%
Hone Sale Proceeds
0 DO
0.00
000
0000%
Non Allocated Interest
2,000,00000
1,443,891.31
556,10869
72.190%
Transfer In
0.00
000
0.00
0000%
TOTAL LOWIMOD BOND
2.000,00000
1,443,891.31
556,108.69
72190%
DEBT SERVICE FUND:
Tax Increment
22,806,64000
11,765.25250
11,041,387.50
51590%
Allocated Interest
300,000.00
283,302.40
16,697.60
94,430%
Non Allocated Interest
000
0.00
0.00
0.000%
Interest Advance Proceeds
0.00
0.00
000
0.000%
Transfer In
195584600
195584605
(005)
100.000%
TOTAL DEBT SERVICE
25,062,486.00
14,004,40095
11,058,08505
55.880%
CAPITAL IMPROVEMENT FUND:
Allocated Interest
80,000.00
82,415.08
(2,415.08)
103.020%
Non Allocated Interest
0.00
0.00
000
O.000%
Developer Agreement
0.00
000
000
0.000%
• Trinsfen: In
312000.00
0.00
312,000.00
0000%
TOTAL CAPITAL IMPROVEMENT
392,000.00
82,415.08
309,584.92
21020%
U-I
E
LA QUINTA REDEVELOPMENT AGENCY
EXPENDITURE SUMMARY
PROJECT AREA NO.2:
LOW/MODERATE BOND FUND
LOWIMODERATE TAX FUND:
07/01/2007 - 03/31/2008 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
2nd TRUST DEEDS
000
0.00
000
0.00
LAND
0.00
0.00
0.00
000
BOND ISSUANCE COSTS
0.00
0.00
000
000
TRANSFERS OUT
0.00
0.00
000
0.00
TOTAL LOWIMOD BOND
U.Uu
0.00
000
000
PERSONNEL
700.00
487.24
000
212.76
SERVICES
664,082.00
314.32951
0.00
349,75249
2ND TRUST DEEDS
0.00
000
000
000
LOW MOD HOUSING PROJECTS
12,012.00
12.012 00
0.00
0.00
FORECLOSURE ACQUISITION
100,000.00
000
0 DO
100.000 00
WATERCOLOR COURT HOMES
4,500,000.00
4,35D,10000
000
149,90000
LAND ACQUISITION
333,555.00
78,15700
000
255,39000
REIMBURSEMENT TO GEN FUND
356,505.00
297,OB660
000
59,41SAO
TRANSFERS OUT
7,386,430.00
3,196,63951
0.00
4,189,790.49
TOTAL LOWIMOD TAX
2004 LOW/MODERATE BOND FUND
HOUSING PROGRAMS 3,200,000.00 0.00 0.00 3,200,000 00
LAND 0.00 0.00 000 000
TRANSFERS OUT 33 684 236 00 14 530.752.64 000 19.153.463 36
TOTAL LOWIMOD BOND
DEBT SERVICE FUND:
CAPITAL IMPROVEMENT FUND:
SERVICES
176,100.00
192,109.12
0.00
(16,00912)
BOND PRINCIPAL
110,00000
110,00000
000
0.00
BONDINTEREST
310,13500
310,13500
000
0.00
INTEREST CITY ADVANCE
1,350,000.00
1,045,116.42
0.00
304,883.58
PASS THROUGH PAYMENTS
18,688,406.00
9,567,84904
0.00
9,120,556.96
TRANSFERS OUT
11 31112 00
11 334 812 05
0.00
(0 05)
W.
TOTAL DEBT SERVICE
3i!9S9.453.00
22'.38D'.UZT.b'3
PERSONNEL
700.00
486.96
000
213.04
SERVICES
242,094.00
94,161.28
000
147,93272
ADVERTISING -ECONOMIC DEV
0.00
0.00
000
000
ECONOMIC DEVELOPMENT ACTIVITY
0.00
000
000
000
REIMBURSEMENT TO GEN FUND
25,291.00
21,075.40
0.00
4,215.60
TRANSFERS OUT
473,004.00
122,15100
000
35085300
TOTAL CAPITAL IMPROVEMENT503
��a
3
LA OUINTA REDEVELOPMENT AGENCY
REVENUE SUMMARY
PROJECT AREA NO. 1:
LOWIMODERATE BOND FUND:
Allocated Interest
Home Sale Proceeds
Non Allocated Interest
Transfer In
TOTAL LOWIMOD BOND
LOWIMODERATE TAX FUND:
Tax Increment
Allocated Interest
Non Allocated Interest
Miscellaneous revenue
Non Allocated Interest
LORP-Rent Revenue
Home Sales Proceeds
Sale of Land
Sewer Subsidy Reimbursements
Rehabilitation Loan Repayments
2nd Trust Deed Repayment
Transfer In
TOTAL LOWIMOD TAX
DEBT SERVICE FUND:
Tax Increment
Allocated Interest
Non Allocated Interest
Interst - County Loan
Interest Advance Proceeds
Transfers In
TOTAL DEBT SERVICE
07/0112007-0413012008 REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
0.00
000
0.00
0.000 %
0.00
0.00
000
0.000%
0.00
0.00
0.00
0.000%
000
0.00
0.00
0.000%
000
000
000
0.000%
11,166,237.00
5,401,27700
5,764,960.00
48370%
404,80000
(43,882.37)
448,68237
-10840%
0.00
1,181.91
(1,18191)
0.000%
125,00000
125,0D0.00
000
100.000%
0.00
0.00
0.00
0.000%
252,000.00
228,513.15
23,486.85
90.680%
150,00000
158.060.85
(8,060.85)
105.370%
000
0.00
000
0.000%
4,00000
4,458.28
(458.2B)
111.460%
000
0.00
0.00
0.000%
350,00000
340,230.48
9,76952
97210%
31315600
313,156.00
000
100.000%
12,765,193.00
6,527,99530
6.237,197.70
51140%
44.664,949.00
21,605,108.17
23,059,840.83
48370%
596,100.00
543,50684
52,593.16
91180%
000
000
0.00
0 000%
000
000
0 00
0 000%
000
000
000
0 000%
4,504,087 00
4,557,989.74
(53,902 74)
101.200%
49,765,13600
26,706,604.75
23,058,53125
53670%
CAPITAL IMPROVEMENT FUND -NON-TAXABLE
Pooled Cash Allocated Interest
337,900.00
451,585 06
(113,685 06)
133 640 %
Non Allocated Interest
750,000 D0
561,792.00
188,20800
74.910%
Developer Agreement Funding
000
201,379.00
(201,37900)
0.000%
Sale of Land Proceeds
0.00
0 DO
0.00
0 000 %
Rental Income
0.00
0.00
000
0.000%
Transfers In
25,000 OD0.00
25 000 DD0.00
0.00
100 000%
TOTAL CAPITAL IMPROVEMENT
26,D87,900.00
26.214.756.06
(126,856.06)
100490%
CAPITAL IMPROVEMENT FUND -TAXABLE
Pooled Cash Allocated Interest
0.00
0.00
0.00
0.OD0%
Non Allocated Interest
000
0.00
0.00
0.000%
Litigation Settlement Revenue
000
0.00
000
0.000%
Bond proceeds
000
0.00
0.00
0.000%
Rental Income
000
0.00
000
0000%
Transfers In
000
0.00
000
0.000%
TOTAL CAPITAL IMPROVEMENT
0.00
0.00
000
0.000%
UU�
4
LA QUINTA REDEVELOPMENT AGENCY
EXPENDITURE SUMMARY
PROJECT AREA NO. is
LOWIMODERATE BOND FUND
LOWIMODERATE TAX FUND:
DEBT SERVICE FUND:
CAPITAL IMPROVEMENT FUND:
CAPITAL
07/0112007. 03/31/2008 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
PERSONNEL
0.00
000
000
0.00
SERVICES
000
0.00
000
0.00
REIMBURSEMENT TO GEN FUND
0.00
000
0.00
000
HOUSING PROJECTS
000
0.00
0.00
0.00
TRANSFERS OUT
0.00
0.00
000
000
TOTAL LOWIMOD BOND
u uu
0.00
000
0.00
PERSONNEL
1.100.00
80515
000
29485
SERVICES
396,09900
270,317.16
0.00
125,781.84
BUILDING HORIZONS
0.00
000
000
0.00
LQ RENTAL PROGRAM
200.00000
163,87012
0.00
36,12988
2nd TRUST DEED PROGRAM
225,00000
191,050.00
0.00
33,950.00
LAND ACQUISITION
10,276,12700
5,875,495.83
0.00
4,400,631.17
FORECLOSURE
425,000.00
$6,962.81
0.00
338,047.19
REIMBURSEMENT TO GEN FUND
652,47100
543,724.80
000
108,74620
TRANSFERS OUT
4,504,087.00
4,557,989 74
000
53 902 74)
TOTAL LOWIMOD TAX
18879,WA716-fi89U2D5B1
0-60-AU,6/639
AU
SERVICES
457,300 00
BOND PRINCIPAL
3,514,579 00
BOND INTEREST
7,500,553.00
INTEREST CITY ADVANCE
1,020.00000
PASS THROUGH PAYMENTS
23,901,662.00
ERAF SHIFT
0.00
TRANSFERS OUT
28,970,960.00
TOTAL DEBT SERVICE
35605T06
367,239.98 000 90,060.02
2,795,00000 000 719,579.00
7,500,553.26 0.00 (0.26)
857,72B.77 0.00 162,27123
12,276,095.12 0.00 11,625,56688
PERSONNEL
1,100.00
805.15
000
29485
SERVICES
1.015,97900
584,86654
000
431,11246
LANDACQUISITION
000
000
000
0.00
ASSESSMENT DISTRICT
000
000
000
0.00
ADVERTISING -ECONOMIC DEV
000
000
0.00
000
ECONOMIC DEVELOPMENT
0.00
000
0.00
0.00
BOND ISSUANCE COSTS
000
000
000
000
CAPITAL -BUILDING
10,000.00
000
000
10,00000
REIMBURSEMENT TO GEN FUND
311,033.00
259,193.20
0.00
51,839 80
TRANSFERS OUT
63,158,068.00
2,841 006.82
000
60.317.061 18
TOTAL CAPITAL IMPROVEMENT
ABLE BOND
BOND ISSUANCE COSTS
000
000
000
0.00
TRANSFERS OUT
000
000
0.00
0.00
TOTAL CAPITAL IMPROVEMENT
u uu
000
000
000
UL�
5
i
I �
COUNCIL/RDA MEETING DATE: June 17, 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 $13,400 in additional funds from RDA Project Area No. 1 to pay for
additional costs associated with Miscellaneous Street Improvements Project No. 2005-
01.
FISCAL IMPLICATIONS:
The project is partially funded with Federal Community Development Block Grant
(CDBG) funds and RDA Project Area Number 1 funds.
The following is a budget summary:
Total Project Costs at Acceptance $ 472,188
Amount Left in Project Account $ 6,560
Additional Quantity Adjustment Costs $ 19,960
Appropriation Amount/Budget Shortfall $ 13,400
As can be seen, adequate funding is not available to pay the costs of the additional
quantities. An additional appropriation in the amount of $13,400 is required.
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) and making
certain findings pursuant to Health and Safety Code Section 33445(a). 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
011
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.
The City Council accepted the project on March 18, 2008. After acceptance by the
City, the contractor contacted City staff and notified them that an item substitution of
6" curb in place of the 8" curb specified in the plans was not captured in the final
quantity adjustment change order submitted at the time of acceptance. In order to
fairly compensate the contractor for work performed, a request for additional
appropriation is hereby being made.
FINDINGS AND ALTERNATIVES:
The alternatives available to the City Council include:
1. Appropriate $13,400 in additional funds from RDA Project Area No. 1 to pay
for additional quantity costs associated with Miscellaneous Street
Improvements Project No. 2005-01; or
2. Do not appropriate $13,400 in additional funds from RDA Project Area No. 1 to
pay for additional quantity costs associated with Miscellaneous Street
Improvements Project No. 2005-01; or
3. Provide staff with alternative direction.
012
Respectfully submitted,
. n
othy R. J nas , P.E.
Public Works Dire r/City Engineer
Approved for submission by:
W-4 � -�W2
Thomas P. Genovese, Executive Director
013