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2009 02 17 RDA MinutesLA QUINTA REDEVELOPMENT AGENCY MINUTES FEBRUARY 17, 2009 A regular meeting of the La Quints Redevelopment Agency was called to order by Chairman Kirk. PRESENT: Agency Members Adolph, Franklin, Henderson, Sniff, Chairman Kirk ABSENT: None PUBLIC COMMENT -None CLOSED SESSI Executive Director Genovese did not participate in the discussion regarding the Laing Luxury Homes property listed in Item No. 1 due to a potential conflict of interest. 7. 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: Property Owners/Negotiators: Desert Cities Development, Michael Shovlin - APNs 600-020-038, and -039; CP Development, Richard Oliphant -APN 604-040-096; Susan E. Slater -APN 609-040-002; Urban Housing Communities, John Bigley - APN 770-040-012; G Companies, James C. Gianulias -APNs 773- 370-028 and -029; BLP Desert, Peter Wallin -APNs 602-180-001, -002, -003, -005, -006, and -007; Canyon Ridge (Laing Luxury Homed, Mark Kleinman -APN 643-090-024; Supper Club Golf, Jim Snellenberger -APN 600-080-041; Larry Chank -APN 604-460-045; Greystone Clubhouse Associates, Don Brown -APN 770-070-047; and Watermark Granite, Tom Dobron -APN 776-220-012. 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 southwest of the intersection of Highway 111 and La Quints Centre Drive. Property Owner/Negotiator: Torre Nissan, George Velarde. Redevelopment Agency Minutes 2 February 17, 2009 The Redevelopment Agency recessed to Closed Session to and until the hour of 7:00 p.m. 7:00 P.M. PUBLIC COMMENT -None CONFIRMATION OF AGENDA -Confirmed APPROVAL OF MINUTES MOTION - It was moved by Agency Members Sniff/Henderson to approve the Redevelopment Agency Minutes of February 3, 2009, as submitted. Motion carried unanimously. CONSENT CALENDAR 7. APPROVAL OF DEMAND REGISTER DATED FEBRUARY 17, 2009. 2. RECEIVE AND FILE TREASURER'S REPORT DATED DECEMBER 31, 2009. 3. RECEIVE AND FILE REVENUE AND EXPENDITURES REPORT DATED DECEMBER 37, 2009. 4. APPROVAL OF AN AMENDMENT TO THE PROFESSIONAL SERVICES AGREEMENT WITH GOLF DIMENSIONS FOR SILVERROCK RESORT PHASE II PROJECT MANAGEMENT SERVICES. MOTION - It was moved by Agency Members Sniff/Adolph to approve the Consent Calendar as recommended. Motion carried unanimously. BUSINESS SESSION 1. CONSIDERATION OF MID-YEAR BUDGET REPORT FOR FISCAL YEAR 2008/2009. Finance Director presented the staff report. Redevelopment Agency Minutes 3 February 17, 2009 MOTION - It was moved by Agency Members Sniff/Henderson to: 1) approve a decrease of S1,808,350 in estimated property tax increment revenue; 2) approve an increase of 5670,000 in estimated investment interest revenue; 3) approve a decrease of $3,894,600 in revenues from land sales; 4) approve an increase of $145,650 in Second Trust Deed and Sewer Subsidy revenues; 5) approve a decrease in appropriations of $1,083,255 in pass-through tax payments; 6) approve an increase of $168,348 in appropriations for housing projects; 7- approve an increase of $82,347 in appropriations for capital projects; 8) approve an appropriation of $4,850,687 in the Educational Relief Augmentation Fund (ERAF) expense account; 9) approve an increase of 5201,925 in County fees related to the collection of property taxes; 10) approve a decrease in the transfer out of 510,000,000 from RDA Project Area (PA) 1 Debt Service Fund and a similar decrease of $10,000,000 to the transfer in from the RDA PA 1 Capital Improvement Project Fund; MOTION - It was moved by Agency Members Sniff/Adolph to receive and file the Mid-Year Budget Report for Fiscal Year 2009/2010. Motion carried unanimously. STUDY SESSION -None CHAIR AND AGENCY MEMBERS' ITEMS -None PUBLIC HEARINGS -None The Redevelopment Agency concurred to continue the closed session items to the next meeting. ADJOURNMENT There being no further business, it was moved by Agency Members Sniff/Adolph to adjourn. Respect Ily submitte , %~~~¢~ VERONICA J. NTECINO, Secretary City of La Qu ta, California