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2009 05 05 RDA Minutesa LA QUINTA REDEVELOPMENT AGENCY MINUTES May 5, 2009 A regular meeting of the La Quinta Redevelopment Agency was called to order by Chairman Kirk. PRESENT: Agency Members Adolph, Franklin, Henderson, 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: Apartments at La Quinta Village, LP, James C. Gianulias; and Deutsch Bank, Berkshire Mortgage, Inc., Mark S. Pencheck, Esq. 2. Conference with Agency's real property negotiator, Douglas R. Evans, pursuant to Government Code Section 54956.8 concerning potential terms and conditions for the acquisition and/or disposition of real property located southeast of the Miles Avenue and Washington Street intersection and north of the Whitewater Channel. Property Owner/Negotiator: CP Development La Quinta, LLC, Richard Oliphant. The Redevelopment Agency recessed to Closed Session to and until the hour of 7:00 p.m. 700 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 5, 2009 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 April 21, 2009, as submitted. Motion carried unanimously. CONSENT CALENDAR 1. APPROVAL OF DEMAND REGISTER DATED MAY 5, 2009. MOTION - It was moved by Agency Members Sniff/Adolph to approve the Consent Calendar as recommended. Motion carried unanimously. BUSINESS SESSION -None STUDY SESSION 1. DISCUSSION REGARDING ESTABLISHING A NEW AFFORDABLE HOUSING PROGRAM INVOLVING THE PURCHASE, REHABILITATION, AND SALE OR RENTAL OF FORECLOSED SINGLE FAMILY HOMES. Assistant City Manager-Development Services Evans presented the staff report. Agency Member Sniff stated the City has purchased 50 homes for 53 million in the past to protect a $1 million investment; and suggested staff purchase 20 homes and approve Option 3, and can add to the inventory if the Commission continues for a length of time. Agency Member Henderson questioned if staff is looking for direction on the number of units to purchase. Assistant City Manager- Development Services Evans stated it would be desired if the Agency concurred on a target range as staff will be looking at opportunities and work with bands to purchase in groups. Agency Member Redevelopment Agency Minutes 3 May 5, 2009 Henderson stated she has no problem with purchasing 20 homes as long as there is some flexibility of the purchases. Chairman Kirk stated the target could be 15 to 20 units with the flexibility to purchase more if it was cost effective; stated this is the right time and right place to purchase; there are houses in our neighborhoods that are being affected due to the foreclosures and lack and property maintenance; this is an opportunity to stabilize the community and provide jobs to contractors; and conveyed his support of staff's recommendation with Option 3 for the Housing Authority. Agency Member Adolph concurs with the comments made; unsure with which direction want to go regarding maintenance of homes; and questioned if staff will be acquiring houses that need attention. Agency Member Sniff stated there is a need to deal with this issue. CHAIR AND AGENCY MEMBERS' ITEMS -None PUBLIC HEARINGS -None ADJOURNMENT There being no further business, it was moved by Agency Members Sniff/Adolph to adjourn. Motion carried unanimously. Respec Ily submitted, ~tii~'a!5~~fiG~ VERONICA J. NTECINO, Secretary City of La Quinta, California