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Redevelopment Agency agendas are
available on the City' web page
@ www.la-quinta.org
REDEVELOPMENT AGENCY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calls Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, OCTOBER 7, 2008
3:00 P.M. Closed Session / 4:00 P.M. Open Session
Beginning Resolution No. RA 2008-006
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.
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 A PORTION OF 525+ ACRES LOCATED AT THE
SOUTHWEST CORNER OF AVENUE 52 AND JEFFERSON STREET.
PROPERTY OWNER/NEGOTIATOR: LDD SILVERROCK, LLC., THEODORE R.
LENNON. JR.
001
Redevelopment Agency Agenda 1 October 7, 2008
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 609-040-
007 AND -023. PROPERTY OWNER/NEGOTIATOR: MIKE SOLLENBERGER.
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
1. APPROVAL OF MINUTES OF SEPTEMBER 16, 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 OCTOBER 7, 2008.
2. AUTHORIZATION FOR OVERNIGHT TRAVEL FOR ASSISTANT CITY
MANAGER -DEVELOPMENT SERVICES TO ATTEND THE 2008 CALIFORNIA
REDEVELOPMENT AGENCY AFFORDABLE HOUSING CONFERENCE IN
SACRAMENTO, CALIFORNIA, OCTOBER 29-30, 2008.
3. APPROVAL OF AMENDMENT NO. 1 THE DISPOSITION AND DEVELOPMENT
AGREEMENT (DDA) BY AND BETWEEN THE LA QUINTA REDEVELOPMENT
AGENCY AND LRCF SR1, LLC, FORMERLY KNOWN AS LDD SILVERROCK,
LLC.
"o, 002
Redevelopment Agency Agenda 2 October 7, 2008
BUSINESS SESSION - NONE
STUDY SESSION
1. DISCUSSION OF VILLAGE SIGN PROGRAM.
CHAIR AND BOARD MEMBERS' ITEMS — NONE
PUBLIC HEARINGS — NONE
ADJOURNMENT
The next regular meeting of the Redevelopment Agency will be held on October 21,
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.
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 October
7, 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 October 3, 2008.
D�A Oct/ob�er 200
VERONICA J ONTECINO, City Clerk
City of La Quinta, California
Public Notice
Any writings or documents provided to a majority of the Redevelopment Agency regarding
any item on this agenda will be made available for public inspection at the City Clerk
counter at City Hall located at 78-495 Calle Tampico, La Quinta, California, 92253, during
normal business hours.
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Redevelopment Agency Agenda 3 October 7, 2008
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AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: October 7, 2008 BUSINESS SESSION
ITEM TITLE: Demand Register Dated CONSENT CALENDAR
October 7, 2008
STUDY SESSION
PUBLIC HEARING
RECOMMENDATION:
It is recommended the Redevelopment Agency Board:
Receive and File the Demand Register Dated
October 7, 2008 of which $682,438.43
represents Redevelopment Agency Expenditures
PLEASE SEE CONSENT CALENDAR ITEM NUMBER 1 ON CITY COUNCIL AGENDA
004
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COUNCIL/RDA MEETING DATE:
ITEM TITLE: Authorization for Overnight Travel for
Assistant City Manager -Development Services to attend
the 2008 California Redevelopment Agency (CRA)
Affordable Housing Conference in Sacramento on
October 29-30, 2008
RECOMMENDATION:
AGENDA CATEGORY:
BUSINESS SESSION: ss��
CONSENT CALENDAR: 4;L
STUDY SESSION:
PUBLIC HEARING:
Authorize overnight travel for the Assistant City Manager -Development Services to
attend the 2008 California Redevelopment Agency (CRA) Affordable Housing
Conference in Sacramento on October 29 — 30, 2008 (Attachment 1).
FISCAL IMPLICATIONS:
The Fiscal Year 2008/2009 Budget has allocated funds for travel, training and
meetings for staff. Costs associated with attending this conference is as follows:
245-9001-703.51-01 (50%) and 246-9002-703.51-01 (50%). Attendance at this
seminar is estimated to be $1,634 per person based upon the following costs:
Conference $ 520
Lodging $ 460
Travel $ 354
Meals (4 days x $75) $ 300
Total $1,634
CHARTER CITY IMPLICATIONS:
None
BACKGROUND AND OVERVIEW:
The 2008 CRA Affordable Housing Conference will discuss what customer -based tools
are available to develop affordable "green" housing, what solar programs are available
to agencies, and how to implement an affordable housing "green" program. In
addition, workshops regarding state housing programs, Housing Recovery Act and
other housing topics are available.
005
FINDINGS AND ALTERNATIVES:
The alternatives available to the City Council include:
Authorize overnight travel for the Assistant City Manager -Development Services
to attend the 2008 California Redevelopment Agency (CRA) Affordable Housing
Conference in Sacramento on October 29 — 30, 2008; or
2. Do not authorize overnight travel for the Assistant City Manager -Development
Services to attend the 2008 California Redevelopment Agency (CRA) Affordable
Housing Conference in Sacramento on October 29 — 30, 2008; or
Provide staff with alternative direction.
Respectfully submitted,
_ u
Douglas R. E s
Assistant y Manager - Development Services
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachment: t. Conference Program Description
:141w4.J . 006
Doubl' e,Hotel,:Sacramento;
October 29-30, 2qq$
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r
16- Boulevard Townhomes
Pre -Conference Workshop
Making Affordable Housing Green
Wednesday, October 29
8:00 a.m.
Registration
8:30 —11.30 a.m.
Affordable Green: It's Not an Oxymoron
Anymore!
Everywhere you look, California is going green.
Learn how redevelopment agencies can get there
by attending this workshop! This workshop will
discuss what customer -based tools are available
to develop affordable "green" housing, what solar
programs are available to agencies, and how to
implement an affordable housing "green" program.
David Rosen, Principal, David Paul Rosen Associates,
will moderate this interactive workshop.
Part I - Customer -Based Tools to
Develop Affordable "Green" Housing
California is taking the lead in developing
affordable green housing and retrofitting affordable
housing to green housing. This includes requiring
utility companies to provide discounted rates
on gas and electricity charges to low-income
households. Learn how CARE (California Alternate
Rates for Energy) and FERA (Family Electric Rate
Assistance) programs work, and how they can help
reduce costs on single and multifamily projects.
Speakers will also preview the 2009-2011 Energy
Efficiency Programs with particular emphasis on the
partnerships being developed, including statewide
partners, local government partners, green
communities, and third party programs.
Speakers:
Leif Christiansen, Senior Program Manager,
PG&E, Customer Energy Efficiency Local
Government Partnerships Program
Linda Fontes, Manager, PG&E, CARE, FERA, and
Cooling Centers Programs
Frances Thompson, Manager, PG&E, Low
Income Energy Efficiency Program
Part 11 - Solar Programs
The California Solar Initiative and the New
Solar Homes Partnership Programs recently
added affordable components for low-income
homeowners and multitenant buildings. Learn
the details of these programs which are available
through PG&E, So Cal Edison, San Diego Gas &
Electric, and other utilities.
Speakers:
Shagun Boughen, Manager, PG&E, New Solar
Homes Partnership Program
Caitlin Shaw Henig, Manager, PG&E, Low -
Income Solar Program
Part III - Sustainable Development in
the Urban Context: Redevelopment and
Affordable Housing
Learn how redevelopment agencies can develop an
affordable housing "green" program in the context
of sustainable development. This session will
propose an agenda for sustainable development
land use, building regulation and redevelopment,
provide a case study of how Santa Monica is
addressing this issue with a comprehensive
approach to sustainable development and
Greenhouse Gas reduction, and provide a case
study in financing comprehensive sustainability
measures. It will also discuss the importance of
rehabilitating older housing with energy savings
and renewable energy measures.
Speakers:
Gwynne Pugh, Principal, Pugh + Scarpa
Architects, Chairman, Santa Monica Planning
Commission
Leah Rothstein, Associate, David Paul Rosen &
Associates
Green Building Housing Rehabilitation Specialist
11:45 a.m —12:45 p m.
Lunch for workshop attendees
Wednesday, October 29
1:00 —1:20 p.m.
Welcome and Opening Remarks
John Shirey, Executive Director, CRA
Lisa Stipkovich, CRA President, Executive Director, Anaheim Redevelopment Agency
Mary Ellen Shay, Executive Director, CAL-ALHFA
Douglas Shoemaker, CAL-ALHFA President, Deputy Director, San Francisco Mayor's Office of Housing
2:00 — 2:15 p.m.
Break
2:15 — 3:45 p.m.
General Session
Building Blocks for Affordable Housing:
Latest on State Housing Programs
Building affordable housing is a challenge in
today's housing market. However, opportunities
in developing affordable housing are being fast -
tracked with the implementation of new Prop 1C
Transportation Oriented Development and Infill
Infrastructure funds. Hear the latest on how these
programs work with other existing affordable housing
programs, and what's in store for 2009 for multifamily,
single family and special needs housing. (Details on
the implementation of Prop 1C as well as an update
on establishing a permanent source of funding for
affordable housing will be discussed the following
day in a concurrent session, Permanent Funding for
Affordable Housing and Proposition 1C Update)
Moderator:
Mary Ellen Shay, Executive Director, CAL-ALHFA
Speakers:
Anita Adams, Vice President, Community
Investment Department, Federal Home Loan Bank
of San Francisco
Joanie Jones Kelly, Executive Director, California
Debt Limit Allocation Committee
Theresa Parker, Executive Director, California
Housing Finance Agency
Bill Pavao, Executive Director, California Tax Credit
Allocation Committee
Chris Westlake, Deputy Director, California
Department of Housing and Community
Development
4:00 — 5:15 p.m. 1 hour of MCLE credit
General Session
The Road to Recovery: The Housing and
Economic Recovery Act of 2008
H.R. 3221, the Housing and Economic Recovery Act of
2008, became law on July 30. This broad legislation
includes a new CDBG program for neighborhood
stabilization and foreclosure relief; the creation of
a National Housing Trust Fund; regulatory reforms
affecting Freddie Mac and Fannie Mae; $11.1 billion
in tax-exempt authority; and provisions improving
the tax credit and bond allocation procedures. This
session will report on California's response to H.R.
3221 and bring attendees the latest information on all
facets of the legislation.
Moderator:
M David Kroot, Partner, Goldfarb & Lipman LLP
Speakers:
Joanie Jones Kelly, Executive Director, California
Debt Limit Allocation Committee
Bill Pavao, Executive Director, California Tax Credit
Allocation Committee
Jeanne Peterson, Principal, Reznick Group
Geoffrey Ross, CDBG Program Manager,
Sacramento Housing and Redevelopment Agency
5:30 — 7:00 p.m.
Reception —Housing Idea Exchange
Sponsored By:
Bank of Sacramento
Overland, Pacific & Cutler, Inc.
Keyser Marston Associates
USA Properties Fund
secure online registration available at www.calredevelop.org.,,,
009
Thursday, October 30
Concurrent Sessions
830 — 9:40 a.m.
Session A 1 hour of MCLE credit
Affordable Housing Monitoring: Effective Techniques for AB 987 Implementation
Recently enacted AB 987 places significant new requirements on redevelopment agencies to establish and
maintain a publicly accessible database of all affordable housing units they assist or claim as replacement
for project area production credit. These tasks present a burgeoning administrative challenge to agencies
as their stock of assisted affordable housing rapidly expands. This session will discuss redevelopment law
affordability, monitoring, and database requirements and explore innovative techniques for redevelopment
agencies seeking legally sound and administratively efficient means to accomplish their expanding monitoring
and database management obligations.
Moderator:
Polly Marshall, Partner, Goldfarb & Lipman LLP
Speakers:
Lorna Henri, Compliance Director, U. S. Communities Compliance Services
John Montagh, Redevelopment and Housing Manager, City of Concord
Session B
Preparing the Next Generation of Housing Development Leaders
In response to the "retirement wave" of baby -boomer professionals, redevelopment agencies are severely
challenged to prepare the next generation of housing development leaders. This interactive session will
explore the aptitudes, knowledge, and skills required for aspiring housing leaders and strategies to accelerate
their development. The session will also offer guidance on how emerging leaders can use their new
leadership skills and experiences for other local government careers.
Speaker:
Frank Benest, Former City Manager, City of Palo Alto
Session C 1 hour of MCLE credit
The HCD Report: Completing Your HCD Housing Activities Report
Agencies are required each year to report to the Department of Housing & Community Development (HCD)
information on housing activities funded through the Low- and Moderate -Income Housing Fund. This session
will provide instruction from HCD staff on how to complete the forms. The session will examine: correct
accounting for housing units; required information to complete forms; and review on-line filing option of
submittal of HCD form.
Moderator:
Glen Campora, Senior Policy Advisor, California Housing and Community Development Department
Speaker:
Jeff Newbury, Housing Policy Analyst, California Housing and Community Development Department
9A0 — 9:50 a.m.
Break
DoubleTree Hotel Sacramento
2001 Point West Way
Sacramento, CA 95815-4702
Reservations: (916) 929-8855 Ext. 4500
Guest room rate: $109 (Single/Double), $124 (Triple/Quad)
Reservations Cut -Off Date: October 7, 2008
Parking: Free
Check -In: 3:00 PM, Check -Out: 12:00 PM
Thursday, October 30
Concurrent Sessions
9:50 —11:00 a.m.
Session A
Reducing Risk: Leveraging Public Funds with Private Capital
Redevelopment agencies are under increasing pressure to maximize the financial and social returns of their
housing set -aside funds. In Los Angeles, two new partnerships are assisting agencies reduce their risk and increase
their impact by leveraging public funds with private capital. Learn how experienced nonprofit lenders and city and
county agencies are working together to get more high -impact developments off the ground.
Moderator:
Tim O'Connell, Senior Director, Programs & Policy, Century Housing
Speakers:
Brigitt Jandreau-Smith, Director, Product Development, Corporation for Supportive Housing
Gregg Kawczynski, Manager, Los Angeles County Community Development Commission
Stephen Peelor, Senior Vice President, Lending, Century Housing
Session B 1 hour of MCLE credit
Preventing Blight Caused by Foreclosures: Innovative Redevelopment Agency Programs
Many communities are experiencing concentrated foreclosures in residential neighborhoods, resulting in declining
property values, vacancies, deteriorated properties, and an increased potential for blight. This session will describe
the programs developed by redevelopment agencies to prevent these outcomes, including foreclosure counseling,
refinancing, intervention with lenders, and purchasing of properties, rehabilitation, and coordination with other
public agencies. It will discuss AB 2594 (Mullins), which will assist agencies in providing pre- and post -foreclosure
assistance, and the appropriate role for redevelopment agencies in responding to concentrated foreclosures under
California Redevelopment Law.
Moderator:
Lynn Hutchins, Partner, Goldfarb & Lipman LLP
Speakers:
Ingrid Alverde, Housing Manager, City of Poway
Janet Kennedy, Housing Coordinator, City of Antioch, Council Member, City of Martinez
Mercedes Marquez, General Manager, City of Los Angeles Housing Department
Session C
A Ray of Light: Special Needs Housing
Partnerships between affordable housing developers and special -needs service providers have created new
opportunities to fund affordable housing. Attend this session to learn how the California Mental Health Services
Act has generated funding that can be used in conjunction with redevelopment resources. Based upon the
"Housing First" model, partnerships are forming that combine the strengths of on -site services with the expertise
of affordable housing developers. It is a powerful relationship and one of the few areas that continues to expand
in this difficult market.
Moderator:
Renner Johnston AIA, Senior Associate, Mogavero Notestine Associates
Speakers:
Diane Luther, Assistant Director, Sacramento Housing and Redevelopment Agency
Lisa Motoyama, Director of Housing Development, Resources for Community Development Nonprofit
Corporation
Michelle Starratt, Housing Development Manager, Alameda County Community Development Agency
...
Thursday, October 30
9:50 a.m. -12:20 p.m.
Affordable Housing at its Best —Bus Tour
of Sacramento's Finest
The Sacramento Housing and Redevelopment
Agency is hosting a bus tour of its award -winning
affordable housing projects. Tour several types
of affordable housing developments, including
development along transit lines and housing for
seniors, families, and special needs populations.
Learn how your community can use simple tools
to develop, rehabilitate, and preserve valuable
housing stock. The tour will leave the hotel at 9:50
a.m. and return at 12:20 p.m. Bus seating is limited.
Those interested in taking the tour must check the
"Sacramento Bus Tour" on the registration form'
Concurrent Sessions
11:10 a.m. -12:20 p.m.
Session A
Permanent Funding for Affordable
Housing and Proposition 1C Update
Learn the latest on the quest to provide permanent,
renewable, non -transferable sources of funding
for affordable housing by attending this session.
Hear from the Director and principals of the State
Housing and Community Development Department
on the status of establishing a permanent funding
source for affordable housing and an update on
Proposition 1C programs, including Transit Oriented
Development Housing and Infill Infrastructure Grants
and other funding programs.
Moderator:
Russ Schmunk, Assistant Deputy Director,
California Department of Housing and
Community Development
Speakers:
Lynn Jacobs, Director, California Department of
Housing and Community Development
Chris Westlake, Deputy Director, California
Department of Housing and Community
Development
Session B 1 hour of MUE cred
When Worlds Collide: Whose
Affordability Rules Apply?
Do you know the affordability covenants and
restrictions of a project with multiple funding
sources? Attend this session to learn what the
challenges are in defining affordability when multiple
funding sources are brought to a project. Hear about
the potential impacts of inconsistent affordability
requirements on a project's financial feasibility and
on the community's ability to meet its affordable
housing goals. The session will also discuss
how agencies determine when to subordinate
affordability covenants, and policy considerations
and legal requirements for subordination.
Moderator:
Deborah Rhoads, Senior Associate, Kane, Ballmer
& Berkman
Speakers:
Kathleen Head, Senior Principal, Keyser Marston
Associates
Eve Ryan, Senior Vice President, Community
Development Finance, Wachovia Bank
Peter Zovak, Deputy Director of Housing, City of
Glendale Housing Authority
Session C
From Mobile Homes to Affordable
Housing - A Success Story!
Successfully converting mobile home parks to
affordable housing projects is daunting. These
conversions require strict adherence to stringent
state and federal relocation laws and state mobile
home park closure laws. This session will discuss
the conversion of the Meadowbrook Mobile
Home park, located south of San Francisco, to
an affordable housing, transit -oriented project,
including how difficult issues were overcome. Issues
to be discussed include relocation process, noticing
requirements, project planning and implementation,
and more.
Moderator:
David Richman, Regional Director, Overland,
Pacific & Cutler, Inc.
Speakers:
Ben Metcalf, Project Manager, BRIDGE Housing
Karen Tiedemann, Partner, Goldfarb & Lipman
Thursday, October 30 MCLE credits available - CRA is a state Bar
of California approved MCLE provider MCLE credit is
Concurrent Sessions available for specific sessions as indicated herein.
210 — 3:20 p.m.
Session A
Making it Real: Strategic Planning in Affordable Housing Production
Most jurisdictions struggle to meet their Regional Housing Need Allocation requirements in complying with the
California Department of Housing and Community Development (HCD) oversight and Housing Element approval
process. This session will explore how jurisdictions, working collaboratively with HCD, can craft an affordable housing
production strategy that results in the best possible production and preservation of an affordable housing program. A
panel of experts will present a rare opportunity for frank discussion of the challenges and opportunities contained in
Housing Element compliance process.
Moderator:
David Rosen, Principal, David Paul Rosen & Associates
Speakers:
Cathy Creswell, Deputy Director, California Department of Housing and Community Development
Leslye Krutko, Director of Housing, City of San Jose
Session B
Stemming the Tide of Foreclosures & Leveraging Housing Funds through Public/Private
Partnerships
Maximizing redevelopment agency funds in a volatile housing market can be a risky business. This session will
describe the public —private partnerships formed by five cities, two counties, and HUD to create the Tri-Valley Housing
Opportunity Center. The Center provides homebuyer education, financial literacy guidance, and post purchase and
foreclosure prevention counseling. It also administers down payment assistance programs, including programs funded
by Housing Set -Aside Funds. Attend this session to learn how this model could be duplicated in your region!
Moderator:
Brooke Littman, Housing Programs Manager, City of San Ramon
Speakers:
Nancy Flores, Supervisory Operations Officer, U.S. Department of Housing and Urban Development
James Paxson, Chair, Valley Housing Opportunity Center
Jacqueline Rickman, Director, Tri-Valley Housing Opportunity Center
Eric Uranga, Housing and Human Services Manager, City of Livermore
Session C
Housing Bust = Opportunities for Affordable Housing Innovation
The declining housing market has created new opportunities for affordable housing development. Downtown San
Diego is building new affordable housing incorporating density, mixed -uses, and mixed -income populations. This
session introduces two highly complex projects that demonstrate innovations in ownership structures, design,
financing, and management plans: Ten Fifty B, a 23-story family housing project on a former luxury condominium site
and Cedar Gateway, a mixed -use project with family apartments, supportive housing, retail space, and public parking.
Moderator:
Eri Kameyama, Associate Project Manager, Redevelopment, Centre City Development Corporation
Speakers:
Paul Marra, Principal, Keyser Marston Associates M7EI
I'
Jim Silverwood, President, Affirmed Housing Group GU
CK
uGary Squier, President, Squier Properties tt You dleast
3 neww3:20 p,m. elp Y°ill
till
terAdjournment CO
i
Name:
Registration Information
` `s s
To register complete the registration
Title: _
form and fax it to (916) 448-9397;
mail it directly to CRA; register online
Informal name (to appear on badge):
at www.calredevelop.org; or register
on -site Your registration fee for the
Organization:
conference will include course materials,
refreshment breaks, and lunch on
Address:
Thursday. Registration for the workshop
includes lunch on Wednesday and
City, State, Zip:
course materials. Student and intern
Phone/Fax:
discounts are available on a space
available basis subject to verification and
Email:
approval. Call Judy Jennemann at
(916) 448-8760 for details.
onterence h ees
CRA Mcmbcr/CAL-ALHFA Mcmbcr
Non-member
On or before
October 10
After
October 10
On -Site
On or before
October 10
After
October 10
On -Site
❑ Workshop, Conference&Iandbook"
$520
$560
$650
$695
$740
$830
❑ Workshop & Conference
$485
$525
$615
$650
$695
$785
❑ Conference &Handbook'
$415
$440
$495
$580
$610
$665
❑ Workshop &Handbook'
$140
$155
$190
$160
$175
$210
❑ Conference Only
$380
$405
$460
$535
$565
$620
❑ Workshop Only
$105
$120
$155
$115
$130
$165
"California Affordable Housing Handbook
Vegetarian meal ❑ Special needs: _
Payment Information
Please check one only. Payment & registration must be submitted together.
❑ Check enclosed ❑ Visa/MasterCard/AMEX
Name on card:
Card number:
Expiration date: CSC#: Total Payment:
3 or 4 digits on a-6_t carF
Signature:
p( CALIFORNIA REDEVELOPMENT ASSOCIATION
1400 K Street, Suite 204
�. �. Sacramcnto,CA 95814-3916
Phone (916) 448-8760
Fax (916) 448-9397
Sacramento Bus Tour $15
Cancellation Policy
+ Cancellations must be submitted in writing
(faxed or ematled documents are acceptable).
• Cancellations postmarked, faxed or emailed by
10/22/08 will be charged an $85 cancellation fee
♦ No refimd for cancellations postmarked
10/23/08 or later, and/or for registrants who do
not cancel or attend.
+ For registrants who cancel less than seven days
before the day of the event you may (1) send a
qualified substitute from your organization, or
(2) transfer your PREPAID registration (less a
15% administration fee) to a CRA event of your
choice (to be used within a 12-month period)
PRESORTED
FIRST CLASS
U.S. POSTAGE
PAID
SACRAMENTO, CA
PERMIT NO. 2086
r„ 014
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COUNCIL/RDA MEETING DATE: October 7, 2008
ITEM TITLE: Approval of Amendment No. 1 to the
Disposition and Development Agreement by and
between the La Quinta Redevelopment Agency and
LRCF SR1, LLC, formerly known as LDD SilverRock,
LLC
RECOMMENDATION:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR: 3
STUDY SESSION:
PUBLIC HEARING:
Approve Amendment No. 1 to the Disposition and Development Agreement by and
between the La Quinta Redevelopment Agency and LRCF SR1, LLC.
FISCAL IMPLICATIONS:
None at this time.
BACKGROUND AND OVERVIEW:
On December 19, 2006, the Agency entered into a Disposition and Development
Agreement with LDD SilverRock, LLC ("LDD") for the development of a boutique hotel,
resort hotel, casitas, and a resort retail village. LDD subsequently reorganized, and
became known as LRCF SR1, LLC (herein referred to as "LRCF").
The DDA includes a provision which allows the Executive Director to grant one six-
month time extension. Due to changing market conditions, LRCF requested this
extension, which was granted in November 2007. The extension applied specifically
to the Schedule of Performance item related to the preparation of design/construction
development drawings for the Boutique Hotel. As the real estate and financial markets
continued to deteriorate nationwide, LRCF requested a one-year time extension. In
July 2008, the Agency Board granted a 90-day extension; and in September 2008, the
Agency Board directed staff to prepare another 90-day extension, and to include
authority for the Executive Director to grant an additional 90-day extension, if needed.
Amendment No. 1 (Attachment 1) includes these adjustments to the DDA schedule.
15
The Amendment also adjusts the timeframes for reappraising the various development
parcels. Originally, the reappraisal was scheduled for December 19, 2009 (three years
after DDA approval). The reappraisal date has been changed to December 6, 2010 to
reflect the DDA time extensions.
In addition, the Amendment acknowledges that the time extensions will affect the
various payments set forth in the "City Declaration of Covenants, Conditions, and
Restrictions," and that future revisions may be necessary to increase the amount of
those fees by any increase in the average daily room rate in the surrounding areas.
FINDINGS AND ALTERNATIVES:
The alternatives available to the Agency Board include:
1. Approve Amendment No. 1 to the Disposition and Development Agreement by
and between the La Quinta Redevelopment Agency and LRCF SR1, LLC; or
2. Do not approve Amendment No. 1 to the Disposition and Development
Agreement by and between the La Quinta Redevelopment Agency and LRCF
SR1, LLC; or
3. Provide staff with alternative direction.
Respectfully submitted,
Assistant Ci Manager — Development Services
Approved for submission by:
ram O
Thomas P. Genovese, Executive Director
Attachment: 1. Amendment No. 1
016
ATTACHMENT
AMENDMENT NO.1 TO DISPOSITION AND DEVELOPMENT AGREEMENT
THIS AMENDMENT NO. I TO DISPOSITION AND DEVELOPMENT
AGREEMENT ("Amendment No. 1") is made and entered into as of ,
2008 ("Effective Date") by and between LA QUINTA REDEVELOPMENT AGENCY, a public
body, corporate and politic ("Agency"), and LRCF SRI, LLC, formerly known as LDD
SILVERROCK, LLC, a Delaware limited liability company ("Developer").
RECITALS:
A. On or about December 19, 2006, the Agency and Developer entered into that
certain Disposition and Development Agreement (the G4DDA"), pursuant to which Agency
agreed to sell to Developer, and Developer agreed to purchase from Agency that certain real
property located at the southwest intersection of Jefferson Street and Avenue 52 in the City of La
Quinta, California 92253 (the "Property") and to construct, complete, and operate thereon a
commercial project containing a luxury four -star quality or higher boutique hotel and a four -star
quality or higher luxury resort hotel, a retail village condominium hotel units, resort units, and
associated amenities (collectively, the "Project"). All capitalized terms not specifically defined
herein shall have the meanings ascribed thereto in the DDA.
B. Developer has assigned to LRCF SR2, LLC, a Delaware limited liability
company, all of its rights and obligations in, under and to the DDA with respect to all of the real
property identified in the DDA other than the parcels identified therein as the "Boutique Hotel
Parcel" and the "Ranch Villas Parcel."
C. On or about November 6, 2007, the Agency Executive Director granted
Developer a one hundred eighty (180) day extension to the timeframe for Developer to prepare
final grading plans and Design/Construction Development Drawings for the Boutique Hotel (the
`BIl Drawings Deadline").
D. On July 15, 2008, the Agency Board of Directors approved an additional ninety
(90) day extension to the BH Drawings Deadline.
E. On September 16, 2008, the Agency Board of Directors directed Agency staff to
prepare an amendment providing Developer with an additional ninety (90) day extension to the
BH Drawings Deadline, and to provide the Agency's Executive Director with authority to grant
additional extensions to the BH Drawings Deadline of up to a total of ninety (90) additional
days.
F. Agency and Developer now desire to amend the DDA to reflect the time
extensions described in Recitals C, D, and E above, and to make certain other conforming
timeframe changes.
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AGREEMENT:
NOW, THEREFORE, in consideration of the foregoing recitals which are incorporated
herein by this reference and for valuable consideration the receipt and sufficiency of which is
hereby acknowledged, the parties hereto agree as follows:
1. The DDA is hereby amended as follows:
1.1 To revise the Time for Completion in Item 11 of the Schedule of Performance for
the Boutique Hotel to state: `By January 6, 2010."
1.2 To revise the Time for Completion in Item 21 of the Schedule of Performance for
the Boutique Hotel to replace the phrase "20 months after the Effective Date" with "32 months
after the Effective Date."
1.3 To revise the Time for Completion in Item 21 of the Schedule of Performance for
the Ranch Villas Development to replace the phrase "20 months after the Effective Date" with
"32 months after the Effective Date."
1.4 To replace the first paragraph of text in Attachment No. 3, in its entirety, with the
following:
The Purchase Price for each of the Golf Casitas Parcel, Lake Casitas Parcel,
Ranch Villas Parcel, Resort Hotel Parcel, Resort Retail Village Parcel (if sold to
Developer), and Black Box Parcel shall be determined in the following manner:
On or before December 6, 2010, and on or before the close of each three (3) year
period thereafter until all Parcels have been sold and conveyed to Developer,
Developer and Agency shall select an appraiser reasonably acceptable to both
parties and commission an updated appraisal reflecting the fair market value of
any of the Parcels that have not, as of said date, been sold to Developer (each, an
"Appraisal"). Except as provided below, Agency shall be responsible for all of
the costs associated with each of said Appraisals. The Purchase Price for each
Parcel (except the Boutique Hotel Parcel) shall be the fair market value of the
Parcel, as set forth in the most recent Appraisal. Subject to the following
sentence, the Purchase Price for the Boutique Hotel Parcel shall be as set forth
above. Notwithstanding anything herein to the contrary, in the event any of the
Parcels, including, without limitation, the Boutique Hotel Parcel, are sold to
Developer before December 6, 2010, and the acreage of the Parcel, as indicated
by the final and recorded Parcel Map, differs from the acreage set forth herein,
then the Purchase Price for said Parcel shall be recalculated, based on the
following price per acre:
2. Developer acknowledges and agrees that as a result of the three hundred sixty (360) days
in extensions granted to Developer hereby, the various payments set forth in the form of City
Declaration of CC&Rs attached as Exhibit E to the Development Agreement (Attachment No. 6
to the DDA) may be understated, and, if so, will require revision prior to Developer's execution
of the first City Declaration of CC&Rs. In addition to the conditions to closing set forth in
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950474.02 a10/02/08 '��• • % 018
Section 205 of the DDA, in the event that there is an increase in the "ADR Index" during the
2007 calendar year, the Closing for the Boutique Hotel Parcel shall be conditioned on City and
Developer executing an amendment to the Development Agreement that revises the form of City
Declaration of CC&Rs to increase the amounts stated therein for "Excess Use Payments," "CHU
Annual Resort Payments," and "Fractional Unit Annual Resort Payments" by such increase (as
those terms are defined in the City Declaration of CC&Rs).
3. Agency's Executive Director shall have the right to unilaterally grant Developer with
extensions of time above and beyond the extensions granted hereby, provided such new
extensions do not exceed, cumulatively, a total of three (3) additional months, and provided
Agency's Executive Director notifies the Board of Directors of such new extensions prior to
granting the same.
4. Except as otherwise expressly provided in this Amendment No. 1, all of the terms and
conditions of the DDA shall remain in full force and effect.
5. In the event of any action between Agency and Developer seeking enforcement of any of
the terns and conditions to this Amendment No. 1, the prevailing party in such action shall be
awarded, in addition to damages, injunctive or other relief, its reasonable costs and expenses,
including without limitation its expert witness fees and reasonable attorney's fees.
6. This Amendment No. 1 shall be construed according to its fair meaning and as if
prepared by both parties hereto.
7. This Amendment No. 1 shall be governed by the internal laws of the State of California
and any question arising hereunder shall be construed or determined according to such law. The
Superior Court of the State of California in and for the County of Riverside, or such other
appropriate court in such county, shall have exclusive jurisdiction of any litigation between the
parties concerning this Amendment No. 1. Service of process on Agency shall be made in
accordance with California law. Service of process on Developer shall be made in any manner
permitted by California law and shall be effective whether served inside or outside California.
8. Time is of the essence of this Amendment No. 1 and of each and every term and
provision hereof.
9. A waiver of a provision hereof, or modification of any provision herein contained, shall
be effective only if said waiver or modification is in writing, and signed by both Agency and
Developer. No waiver of any breach or default by any party hereto shall be considered to be a
waiver of any breach or default unless expressly provided herein or in the waiver.
10. This Amendment No. I may be executed in counterparts, each of which, when this
Amendment No. I has been signed by all the parties hereto, shall be deemed an original, and
such counterparts shall constitute one and the same instrument.
It. The person(s) executing this Amendment No. 1 on behalf of each of the parties hereto
represent and warrant that (i) such party is duly organized and existing, (ii) they are duly
authorized to execute and deliver this Amendment No. I on behalf of said party, (iii) by so
882/015610-0084 O 950474.02 .10/02/08 9
executing this Amendment No. 1 such parry is formally bound to the provisions of this
Amendment No. 1, and (iv) the entering into this Amendment No. 1 does not violate any
provision of any other agreement to which such party is bound.
[End — Signature Page Follows]
882/015610-0084
950474.02 a10/02/08
IN WITNESS WHEREOF, Agency and Developer each hereby represents that it has read
this Amendment No. 1, understands it, and hereby executes this Amendment No. 1 to be
effective as of the day and year first written above.
"Developer"
LRCF SRI, LLC,
a Delaware limited liability company
Date: 12008 By:
Its:
"Agency"
LA QUINTA REDEVELOPMENT AGENCY,
a public body, corporate and politic
Date: 12008 By:
ATTEST:
Veronica J. Montecino, Agency Secretary
APPROVED AS TO FORM:
RUTAN & TUCKER, LLP
M
M. Katherine Jenson, Agency Counsel
Executive Director
882/01561M084 ,• 21
950474.02 a10/02/08
AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: October 7, 2008
BUSINESS SESSION:
ITEM TITLE: Discussion of Village Sign Program
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
Review and discuss preliminary design concepts in relation to development of a Village
Sign Program.
FISCAL IMPLICATIONS:
This is a Capital Improvement Project with a total budget of $442,000 funded from
the Redevelopment Agency. Future cost implications will involve fabrication and
installation. Exact expenditures will depend on final design, materials, and the number
signs. Staff will bring back a proposed budget with the final design development plan
for the Agency Board's consideration.
CHARTER CITY IMPLICATIONS:
The project is funded with Redevelopment Funding. As such, the project will be bid as
a prevailing wage improvement.
BACKGROUND AND OVERVIEW:
The City of La Quinta has a contract for services agreement in place with Best Signs,
Inc. which commenced on May 1, 2008. The scope of work entails design and
planning tasks in relation to development of a Village Sign Program.
�••, _ 022
Pursuant to the scope of work, three initial design concepts have been created:
1. The first design incorporates elements and colors already present in and around
the La Quinta Village area. The base of the signs mirror obelisks similar to the
exiting boundary monuments found throughout the Village; the color green
resembles the green at City Hall and the La Quinta Library.
2. The second design was inspired by the conceptual designs being developed for
a City entrance monument at Highway 1 1 1, near the Cliff House. The base and
face of the signs have architectural features that would potentially complement
the City's new entrance monument.
3. The third design incorporates the new promotional logo and its color (blue). It is
a more contemporary column design that uses the jagged shape of the
mountains.
Attachment 1 provides all three design concepts and corresponding sign applications.
Each design concept has been applied to several types of signs, including: local
vehicular, primary gateway, pedestrian, banner, and destination monument.
Design services rendered by Best Signs have involved several meetings with
Development Services, Planning, and Community Services staff as well as the
Chamber of Commerce and several Village businesses. The meetings have facilitated
discussion of a comprehensive sign program for the La Quinta Village that will direct
people from Highway 1 1 1 and other major arterials into the Village area. Stake holders
have been supportive of the program, realizing its intent is to increase traffic to the
Village and encourage more shopping, dining, and event participation.
Generally, the Village Sign Program will be considered for the following corridors:
Highway 1 1 1, Washington Street, Jefferson Street, Eisenhower Drive, Calle Tampico,
and Avenue 54 (Attachment 2). Exact sign placement/location has not been
determined and is still under consideration. The signs are intended to be informational,
directional, and promotional in nature. Various points of interest in and around the
Village will be considered such as the Civic Center, Senior Center, Library, Museum,
and parks, as well as generally defining the Village boundaries (Attachment 3).
The purpose of today's Study Session is to present the three design concepts to the
Agency Board for input and direction. Staff is soliciting Agency direction on which
concept is favorable for this project. Once a concept is selected, Best Signs will
complete sign development (30 days) and produce final plan and bid specifications (30
days). Staff will then go out to bid on construction and installation, and award a
contract within 45 to 60 days. The goal is to have the Village signs installed by spring
2009.
023
Respectfully submitted,
c
Douglas . Evans
Assistant City Manager —Development Services
Approved for submission by:
�G A�: WI-e" � � -
Thomas P. Genovese, Executive Director
Attachments: 1. Village sign concepts
2. Map of sign location corridors
3. Map of La Quinta Village boundaries
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ATTACHMENT 1
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ATTACHMENT 3
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