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1998 12 15 RDAT4-ht 4 4aQ" Redevelopment Agency Agenda CITY COUNCIL CHAMBER 78-495 Calle Tampico La Quinta, California 92253 Regular Meeting December 15, 1998 - 2:00 P.M. CALL TO ORDER a. Roll Call PUBLIC COMMENT Beginning Res. No. RA 98-08 This is the time set aside for public comment on any matter not scheduled for a public hearing. Please complete a "request to speak" form and limit your comments to three minutes. Please watch the timing device on the podium. CLOSED SESSION - None PUBLIC COMMENT - 3:00 pm This is the time set aside for public comment on any matter not scheduled for a public hearing. Please complete a "request to speak" form and limit your comments to three minutes. Please watch the timing device on the podium. CONFIRMATION OF AGENDA APPROVAL OF MINUTES a. Approval of Minutes of November 17 & December 1, 1998 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 DECEMBER 15, 1998. 2. TRANSMITTAL OF TREASURER'S REPORT DATED OCTOBER 31, 1998. 3. AWARD OF BID FOR ASSESSMENT/SEWER HOOK-UP FEE SUBSIDY PROGRAM - PROJECT 98-20 - ECONO SEWER SERVICE. BUSINESS SESSION 1 . SELECTION OF CHAIR AND VICE CHAIR OF THE LA QUINTA REDEVELOPMENT AGENCY. A) MINUTE ORDER ACTION. STUDY SESSION - None DEPARTMENT REPORTS 1 . REVENUE AND EXPENDITURES REPORT DATED OCTOBER 31, 1998. CHAIR AND BOARD MEMBERS' ITEMS Page 2 002 PUBLIC HEARINGS JOINT PUBLIC HEARING WITH THE LA QUINTA CITY COUNCIL CONSIDERATION OF AGREEMENT TO SELL REAL PROPERTY LOCATED AT 51-945 AVENIDA BERMUDAS BY AND BETWEEN RAMON AND ISABEL LOPEZ AND THE REDEVELOPMENT AGENCY. B) MINUTE ORDER ACTION. ADJOURNMENT DECLARATION OF POSTING I, Saundra L. Juhola, Secretary of the La Quinta Redevelopment Agency, do hereby declare that the foregoing agenda for the Redevelopment Agency meeting of December 15, 1998 was posted on the outside entry to the Council Chamber, 78-495 Calle Tampico and on the bulletin board at the La Quinta Chamber of Commerce and at Albertson's, 78-630 Highway 1 1 1, on Friday, December 11, 1998. Dat d - December 11, 1998 AUNDRA L. JUHOLA, Secretary La Quinta Redevelopment Agency PUBLIC NOTICE The La Quinta City Council Chamber is handicapped accessible. If special equipment is needed for the hearing impaired, please call the City Clerk's Office at 777-7025, 24-hours in advance of the meeting and accommodations will be made. Page 3 003 � T U b �> y47 OF rN� COUNCIL/RDA MEETING DATE: DECEMBER 15, 1998 ITEM TITLE: Demand Register Dated December 15, 1998 RECOMMENDATION BACKGROUND Prepaid Warrants 35248 - 35249: 35250 - 35260} 352611 35262 - 352981j 35299) Wire Transfers) P/R 2134 - 22321t P/R Tax Transfers; Payable Warrants: 35300 - 35425) FISCAL IMPLICATIONS: Demand of Cash - RDA Approve Demand Register Dated December 15, 1998 oh M. Falconer, Fin nce Director 492.15 23,298.72 259.25 10,854.82 332.00 21,277.64 122,997.23 44,657.12 1,778,114.45 $2,002,283.3 8 $17,389,42 CITY DEMANDS RDA DEMANDS AGENDA CATEGORY: BUSINESS SESSION CONSENT CALENDAR STUDY SESSION PUBLIC HEARING $1,984,893.96 17,389.42 $2,002,283.38 004 CITY OF LA QU►NTA BANK TRANSACTIONS 11/20/98 - 12/9/98 11/25/98 WIRE TRANSFER - DEFERRED COMP 11/25/98 WIRE TRANSFER - PERS $5,050.16 $16 227.48 TOTAL WIRE TRANSFERS OUT $21,277.64 2 005 CITY OF LA QUINTA CHECK CHECK NUMBER DATE BANK ID: DEF VENDOR NO. NAME ***NO CHECKS WERE USED FOR PRINT ALIGNMENT.*** PAGE 1 PAYMENT AMOUNT 35300 12/09/98 &00695 LOU SLACK 18.00 35301 12/09/98 AlRO01 A-1 RENTS 136.45 35302 12/09/98 ACE010 ACE HARDWARE 204.80 35303 12/09/98 ACE100 JAIME ACEVEDO 40.00 35304 12/09/98 ALT100 ALTMAN & ASSOCIATES 218.98 35305 12/09/98 AME200 AMERIPRIDE UNIFORM SVCS 89.33 35306 12/09/98 ARC050 ARCHAEOLOGICAL ADVISORY 9500.00 35307 12/09/98 ASCO01 A & S COFFEE SERVICE 254.00 35308 12/09/98 AUT030 AUTOMATED TELECOM 280.80 35309 12/09/98 BAR100 BARKLEY COURT REPORTERS 2-567.05 35310 12/09/98 CAD010 CADET UNIFORM SUPPLY 241.58 35311 12/09/98 CAL010 CAL WEST ENGINEERING 1640.00 35312 12/09/98 CAL014 CALIFORNIA COURT BUILDERS 350.00 35313 12/09/98 CAL035 CAL PRESERVATION FOUNDATN 100.00 35314 12/09/98 CAT100 CATELLUS RESIDENTIAL 543752.02 35315 12/09/98 COA070 COACHELLA VALLEY OFFICE 285.75 35316 12/09/98 COA080 COACHELLA VALLEY WATER 222.28 35317 12/09/98 COM015 COMPUTER U LEARNING CENTR 300.00 35318 12/09/98 COM055 COMMUNICATIONS SYSTEMS 332.50 35319 12/09/98 COO100 COOLEY CONSTRUCTION INC 455939.38 35320 12/09/98 COO101 COOLEY CONSTRUCTION INC 50830.11 35321 12/09/98 COS050 COSTCO BUSINESS DELIVERY 1181.51 35322 12/09/98 DEC100 DE CASTRO/WEST/CHODOROW 3821.00 35323 12/09/98 DES018 DESERT ELECTRIC SUPPLY 14.22 35324 12/09/98 DES025 DESERT COMMUNITY BANK 64775.29 35325 12/09/98 DES060 DESERT SUN PUBLISHING CO 71.44 35326 12/09/98 DES065 DESERT TEMPS INC 2702.80 35327 12/09/98 DIE020 DAGOBERTO HERNANDEZ 1075.00 35328 12/09/98 DOU010 DOUBLE PRINTS 1 HR PHOTO 117.35 35329 12/09/98 EAG100 EAGLE/BENEFICIAL NATL BNK 151.67 35330 12/09/98 FED010 FEDERAL EXPRESS CORP 448.00 35331 12/09/98 FIN100 FINDLEY REPORTS 50.00 35332 12/09/98 FRA030 FRANKLIN COVEY 222.18 35333 12/09/98 FR1050 FRIENDS LA QUINTA LIBRARY 3700.00 35334 12/09/98 GAT020 GATEWAY BUSINESS 5220.51 35335 12/09/98 GCS010 GCS WESTERN POWER & EQUIP 6249.50 35336 12/09/98 GIF100 GIFTS GALORE STORE 182.50 35337 12/09/98 GOV100 GOVERNMENT FINANCE 145.00 35338 12/09/98 GTE010 GTE CALIFORNIA 3065.29 35339 12/09/98 GUM050 BRAD GUMMER 535.50 35340 12/09/98 HEG050 JIM HEGGE 290.10 35341 12/09/98 HIG010 HIGH TECH IRRIGATION INC 205.24 35342 12/09/98 HIL150 HILTON FARNKOPF & 4230.00 35343 12/09/98 HIN010 HINDERLITER, DE LLAMAS 975.00 35344 12/09/98 HOF050 DAVE HOFFMAN 480.00 35345 12/09/98 HOM030 HOME DEPOT 326.09 35346 12/09/98 HOM031 HOME DEPOT 25000.00 006 3 CITY OF LA QUINTA BANK ID: DEF PAGE 2 CHECK CHECK VENDOR PAYMENT NUMBER DATE NO. NAME AMOUNT 35347 12/09/98 HOP100 FAYE HOOPER 75.00 35348 12/09/98 ICIO55 ICI DULUX PAINT CENTERS 67.30 35349 12/09/98 IMPO10 IMPERIAL IRRIGATION DIST 4419.36 35350 12/09/98 IMP100 IMPACT SCIENCES INC 8501.32 35351 12/09/98 KIN050 KINKO'S 712.64 35352 12/09/98 KIN100 KINER/GOODSELL ADVERTISNG 2500.00 35353 12/09/98 K00O25 MARGE KOCH 80.00 35354 12/09/98 KOS100 DAVID S KOSLOW 94.50 35355 12/09/98 KUN100 MARNI KUNSMAN 230.00 35356 12/09/98 KUS050 KUSTOM SIGNALS INC 145.46 35357 12/09/98 LAC010 L A CELLULAR 92'0.27 35358 12/09/98 LAQ040 LA QUINTA CHAMBER COMMERC 5000.00 35359 12/09/98 LAQ100 LA QUINTA VOLUNTEER FIRE 897.25 35360 12/09/98 LAQ105 LA QUINTA MIDDLE SCHOOL 500.00 35361 12/09/98 LAS050 LASER TEC 228.63 35362 12/09/98 LEA020 LEAGUE OF CALIF CITIES 3763.00 35363 12/09/98 LIC050 PAMELA LICALSI 116.48 35364 12/09/98 LIN050 JAMES LINDSEY 127.68 35365 12/09/98 LOG020 MARK LOGAN LANDSCAPE INC 4418.00 35366 12/09/98 LOP100 GILBERT LOPEZ 180.00 35367 12/09/98 LUC050 LUCENT TECHNOLOGIES 604.30 35368 12/09/98 LUN050 LUNDEEN PACIFIC CORP 25700.71 35369 12/09/98 MCDO10 MC DOWELL AWARDS 15.62 35370 12/09/98 MIT100 BOB MITCHELL 585.00 35371 12/09/98 MUN010 MUNI FINANCIAL SERV INC 2966.81 35372 12/09/98 NAT021 NATIONAL INFORMATION DATA 71.80 35373 12/09/98 NEX010 NEXTEL COMMUNICATIONS 755.94 35374 12/09/98 NIC100 NICKERSON, DIERCKS & ASSC 6314.00 35375 12/09/98 OLI100 OLINN MESSAGE CENTER 78.84 35376 12/09/98 OWE020 OWEN & BRADLEY 328.00 35377 12/09/98 PAG100 PAGING NETWORK SAN DIEGO 24.34 35378 12/09/98 PIN050 PINK INC 600.00 35379 12/09/98 PIP100 PIPER JAFFRAY COMPANIES 2000.00 35380 12/09/98 PIT015 PITNEY BOWES 616.10 35381 12/09/98 POS030 POSTAL CONNECTION OF 15.00 35382 12/09/98 POW100 POWERS AWARDS 103.66 35383 12/09/98 PRI020 THE PRINTING PLACE 341.03 35384 12/09/98 PROO10 PROTECTON SERVICE IND 238.50 35385 12/09/98 RAL050 RALPHS GROCERY CO 249.32 35386 12/09/98 RAN030 RANCHO LA QUINTA 20000.00 35387 12/09/98 RAS020 RASA - ERIC NELSON 170.00 35388 12/09/98 RIS100 PEGGY RISK 337.40 35389 12/09/98 RIV083 RIV CNTY INFORMATION 518.15 35390 12/09/98 RIV100 RIVERSIDE COUNTY SHERIFFS 395575.14 35391 12/09/98 RUS100 CAMILA ASHLAND RUSSO 94.50 35392 ** AP CHECK RUN VOID ** 35393 ** AP CHECK RUN VOID ** 35394 12/09/98 RUT050 RUTAN & TUCKER 51494.35 35395 12/09/98 SIM020 JAMES E SIMON CO 816.66 4 007 A,-.-LJUN15 rthItinLz- - r%r._, -- CITY OF LA QUINTA CHECK CHECK NUMBER DATE BANK ID: DEF VENDOR NO. NAME PAGE 3 PAYMENT AMOUNT 35396 12/09/98 SIM025 SIMON MOTORS INC 63.50 35397 12/09/98 SMA010 SMART & FINAL 114.15 35398 12/09/98 SMI300 SMITTY'S DIESEL TRUCK/RV 75.96 35399 12/09/98 SMO010 DONNALDA SMOLENS 100.00 35400 12/09/98 SOCO10 THE SOCO GROUP INC 801.57 35401 12/09/98 SOU007 SOUTHWEST NETWORKS, INC 2924.73 35402 12/09/98 SOU010 SOUTHERN CALIF GAS CO 498.27 35403 12/09/98 SOU050 SOUTHERN CALIF MUNICIPAL 25.00 35404 12/09/98 SOU100 SOUTHLAND GEOTECHNICL INC 870:25 35405 12/09/98 SPRO10 SPRINT 889.95 35406 12/09/98 STA020 STANDARD REGISTER 235:38- 35407 12/09/98 STA050 STAPLES 431.88 35408 12/09/98 STE020 STEVE'S OFFICE SUPPLY 188.81 35409 12/09/98 SUN075 SUNLINE TRANSIT AGENCY 414.00 35410 12/09/98 SUS010 SUSKI & SAKEMI 257.67 35411 12/09/98 SZE100 SHARON SZESNY 241.50 35412 12/09/98 TOP010 TOPS'N BARRICADES INC 340.27 35413 12/09/98 TRI100 TRI STATE LAND SUVEYORS & 8875.00 35414 12/09/98 TTI100 TTI NATIONAL INC 2.27 35415 12/09/98 ULT100 ULTIMATE INTERNET ACC INC 40.00 35416 12/09/98 USB100 US BANK 5482.13 35417 12/09/98 USC100 U.S. COMMUNICATIONS 1232.00 35418 12/09/98 USPO10 U S POSTMASTER 1164.50 35419 12/09/98 WAL010 WAL MART STORES INC 186.91 35420 12/09/98 WEB050 ALBERT A WEBB ASSOCIATES 6826.08 35421 12/09/98 WHE050 WHEELER'S 105.00 35422 12/09/98 WIL010 WILLDAN ASSOCIATED 3091.53 35423 12/09/98 WIN100 WINDSOR PRODUCTIONS 596.25 35424 12/09/98 XER010 XEROX CORPORATION 5848.84 35425 12/09/98 ZUR050 ZUMAR INDUSTRIES ING 60.77 CHECK TOTAL 61 1,778,114.45 i H .+ N m V u W N m < r m � m a, O H H z m rn m o N m m m m m m N N N m m N N N N N m N m N m N w F N N N N N N N N N H N N .i H •y H F H F .� H r--I H H F .-I H H E. 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U N In mm m 1� 021 O� O �p r m ry- N N-' Ol CO m o m O� • O Z d � m N N Q� Q1 O� . .N-1 m m p N •,,., ' 4 V N El N m m m m m H H E N N N N N N d H m m ...� H El d d N N H H O O N N ElH m d �11 m lD t+l d 01 N d m n o 0 r m r d N r N d w Vl m M m m H m co m v �. r N d N m m M N E- d Hpp O m F H m m U U H H w w 0R rL �C Fp E O w Hz x U F w o waamwa wam wam F H H H n o[ nZ $ U Uyxy Wa Ws o om O z z a w w w a am o=oo vi0 N w > w ao o v m CW 9 ° MID In W W U W O O W WYC �l1 O 0 �D O d d O H O O H ,..� p �n �n N •--� 0 m ..-� H H m ry t+l t•t O m N d d d r O r+1 m r m r N N N H N O iD N m m d d Vt U1 H 'O d r•t r•1 O Oi T H z M 1l"t m d m m m 0 6 a �t w W O ElW a. O O O O HO O p O O O O O OO 0 O O OO OOH NON O� r d d 'O T Ol oa, f i011)O d m m m 00r W O 0 O O n H H - HH , H O O O O O m OID r O O Or Z r p 0 0 0 0 0 o r in .-+ H H rt H O r r r r r r H .� .-� H H H O O O o O O n m N N N d d 1, O � H a a w w w w a'a� >. U z W U U Z Z H H En x 5 a, Q4 m m m m m m c� F m m La 9a W O O O O O O m m W a w m m rn Z Z W r F. a a otcwa a a a a a °a Wa Wa °at °at Wa m m m m w w w w w w tm tH tN F E,F EH H ?IL � m mo �a �a Eam mOO w a �O O a i n m m o o oN Op �+ O.-� .00 0 m UF U O O F In O 0 m m m m m m N N O O O O NWHm NwWH WWHm Em m m m m y N m m F a u l� 022 D O r CO O Q m O O tit O O O O O O O O r•1 t'1 � '-1 .-1 ti N ri z m Ol m t m m N N O ti CO m CO m E F H E H 4 .4 E+ E H H E E E E H E H w O p rn rn rl mo 0 o p O 0 o M '2 o 0 o r O O O Ul o 1D O OO O O N O N O ID N in rl Ol N O H O p N LD O O 1p .-+ ul �Il n �D m =1 o Ol N 10 N O o rl M .--� •� r m W r o o rn O r O N o 10 10 O• if0l N � coQJ r+l �D m ca U W r w � U m E w a > a m m a w w w a oqq ap2 N ¢po a a¢ z Z El El ElU U E m N m F a F w H H W a a Hw U 8 U U U H U w rUi w x v>i of ao m woE,, o m rn m of o a� o U Z >+ N >+ Z co > W z W w H z H ri Z EIZ m > O > o a 5 z " w a x qa 9a 9a Lti Um w W Vl ❑ w N In U) U) r1 Ol 10 m W W N O O O N 00 v o 0 0 0 0 1f1 lD r'1 N F1 m Ol N Ol O1 O1 m .+ ❑ .-� o vl -0c o a 3 �n a s N a) m m H z 01 Ol m O w w �D 10 l0 lD N N N w 4 w 14 T O O p m O O o O � w O O O O o O O 0 0 m O O O o A: o o O 10 o o O ul itl O 0 O10 O r r O o 1D W 10 D` m D` O O O O lD r r ID N 1D O O O n m m m N 10 (z O 'D Z m ~ O O O O O N O O Itl �L1 O ifl if1 O m N rl .-1 N 0 in m M m m O r+ .-1 O O O O U O O O O O O n r1 O r •-� N U U W z Z E� N N N H % % W. [t0 I[O0 O U U ul U U U UO J ..J H N H ul EA O w m z w w O � a a z E3 E H w w W O uW E ul O RC L a FC w w W W ~ � U] W ul z C7 CI Rl V1 O a 0 3 3 z O Wj O O o O O 0 o O O O o O O O 0 O O 0 0 0 0 0 0 w �a `a as [3 O r .. H '"' Ea m m ul m 3 3 3 3 U F F+ F j o ❑ p 0 7 s� U 20 023 ti m O� Z~ ti ti ti � m ~ G El C ry N N N N E F N N F F N F i 10 n i0 O r m O 10 a n J4 U O m a O � Z O pF Z pH 14 F w w w Hpp H H ,ul vWv�� W rC vWv�� pFp C H Epa'' E w a a F a g m a �a 8 w a In w S w W m a w wWa a W H w m a z W w w ,.., U) o w > C� w > pq w > El W a 0 a > '1 o � > w w w H W Cl O a W ,p o iO m w m v W lO N m N c a m o m h i[1 o r H C 6 a w W w a o o w F a r m N O O 0 0 m 0 O m m W 10 w m m G) 10 m z p p I o r o 0 10 1 0 0 h 1 0 h 0 a 0 . 0 . 0 0 0 0 .. 0 + 0 z m o w ~ w p U Z oy Z Z 0y 0� Z z w a o m a [4 °d a a °d r0� rod a d °a °� E+ ul W M z a a o 0 0 0 0 0 0 0 0 0 0 ? w 0 o 0 0 0 0 0 � U X N 21 0 C a PQ I 024 CITY OF LA QUINTA BANK ID: DEF CHECK CHECK VENDOR PAYMENT NUMBER DATE NO. NAME AMOUNT ***NO CHECKS WERE USED FOR PRINT ALIGNMENT.*** 35299 12/03/98 NEW150 NEWPORTER TRAVEL 332.00 CHECK TOTAL 332.00 22 025 0 z m rn O W U El N ti a W Z H a s a U N O CT O C r,l I'1 Qi g O l+1 n1 d a a rn c O C F z O 6 1-i U O El z W � N ro u a F w F H m Q H � W i � O O O U >El a ID z W W W a N Q z a a a W 0. w a a o z a� C a O Z O a w m F p o \ Q w z 0 U U Z �+ O a v H � w F Q w x w F w a z m H O d C W a �c d Z z m Z O " W o o O E z z Q U E+ 7.3 026 CITY OF LA QUINTA BANK ID: DEF rH�: CHECK CHECK VENDOR PAYMENT NUMBER DATE NO. NAME AMOUNT ***NO CHECKS WERE USED FOR PRINT ALIGNMENT.*** 35262 12/02/98 ABE001 JAQUES ABELS 50.00 35263 12/02/98 AUT030 AUTOMATED TELECOM 62.84 35264 12/02/98 BEN050 SUSAN BENAY 50.00 35265 12/02/98 BET100 OLGA S BETANCOURT 50.00 35266 12/02/98 BIA013 BIA - DESERT CHAPTER 35.00 35267 12/02/98 BOB100 BILL BOBBITT 50.00 35268 12/02/98 BROO10 DIANA BROWN 50.00 35269 12/02/98 BUT010 RICHARD BUTLER 100.00 35270 12/02/98 CHAP02 CHARRIE CHAPPIE 50.00 35271 12/02/98 CUN100 DENNIS CUNNINGHAM 50.00 35272 12/02/98 DAV010 MIKE DAVIS 50.00 35273 12/02/98 DEM050 JIM DE MERSMAN 50.00 35274 12/02/98 GUZO10 HECTOR GUZMAN 314.24 35275 12/02/98 HUL010 KATHRYN HULL 50.00 35276 12/02/98 IRWO10 JOSEPH IRWIN 50.00 35277 12/02/98 JUH050 SAUNDRA JUHOLA 287.83 35278 12/02/98 KIR010 TOM KIRK 100.00 35279 12/02/98 LEW010 TOM LEWIS 50.00 35280 12/02/98 LOP100 GILBERT LOPEZ 50.00 35281 12/02/98 MAH100 CYRILLE P MAHFOUD 50.00 35282 12/02/98 MOU100 DONALD J MOULIN 50.00 35283 12/02/98 OSBO50 LEE M OSBORNE CPA 50.00 35284 12/02/98 PER005 P E R S 5974.42 35285 12/02/98 PRY050 FRED PRYOR SEMINARS 59.00 35286 12/02/98 PUE050 MARIA L PUENTE 50.00 35287 12/02/98 REB050 JOAN REBICH 50.00 35288 12/02/98 REY050 ELAINE REYNOLDS 50.00 35289 12/02/98 ROB150 STEVE ROBBINS 100.00 35290 12/02/98 SHA040 ROSITA SHAMIS 50.00 35291 12/02/98 STJO10 VICTORIA ST JOHNS 50.00 35292 12/02/98 TYL050 ROBERT T TYLER 100.00 35293 .12/02/98 UNU050 UNUM LIFE INS 2067.57 35294 12/02/98 VOS050 JUDY VOSSLER 50.00 35295 12/02/98 WEL025 WELLS FARGO BANKCARD 403-.92 35296 12/02/98 WEL100 PATRICK WELCH 50.00 35297 12/02/98 WOL010 KAY WOLFF 50.00 35298 12/02/98 WRI050 ROBERT S WRIGHT 50.00 CHECK TOTAL 10,854.82 24 027 m rn z N O w £ 6 rt a m Ey N E N H N E N H N H N F N E N H N E+ N E+ N F N F 0 El Z o O v m - o o O 0 0 O 0 0 if1 0 0 O 0 0 O 0 0 O 0 0 O 0 0 O 0 0 O 0 O N cC a O Fy a 0 0 0 0 0 o O O O v o m 0 C? Z o o 0 [7 Z 0 u, C� „i Z 0 o W v1 W < U a ,y O m 0 0 in 0 0 0 0 0 u1 WW U 0 0 �n E�� i 0 0 z in U pp O a O po oo po a oo O H H Z El 0o OU U oo a yy Q a p U p E � U v7 p� H w u 0 > z H W P; u OU 0 z r+ z Z H F IZ a o 0 ❑ ❑ z a z w W w 6 a qw a H F F P4 tL o o ❑ Z ❑ z z W W E x o ❑ z W W F U (G w o F ❑ z x W w m W F !G 0 o z ❑ ri z Zy w Z F 6 m a o ❑ z aa W N E IG U o w ❑ H z H W x P4 � o z ❑ z w �aaC tG u 0 ❑ fL z m w w H y o a a > ¢ > w > u > > w > u > > 4 > a u > u > u m .� x u w ❑ z o ❑ a Z m rn o z � rn m m m > o z m 0) > 0 z m rn > 0 z m m > 0 z m o+ > 0 z m m > 0 z m m > 0 z m rn > 0 z m rn > 0 z x a z a < m w m a o o w H (� 0 0 O 10 o O 0 O o O O O 0 0 0 O O O O O O O o O W m 0 01 ul O 01 O 01 O 1 O 01 O D\ O O 01 O O Ol O O 01 O O 01 O O 01 O z O LO O I O N 1 LO O U 0 0 0 0 0 0 0 W F O a w F U H Zz a W H 0 H a w H a H m fp 1 ❑ El z w El w a v1 o FI o O w LA ❑ u w U c a 0) w < U) a x o z[� a h a a V) m a o w a m ❑ a z u ❑ s h 0 p y, U Elw i U O o t �'1 0 FC 0 0 W R] O � W W � o H G1 O .� o W •-� o R1 � o In O a U � U O O a ❑ O O ❑ 25 028 l0 tit ID n S) O m rn O z \ N \ N W a � F �„� N H N E. �--I N ElE r-i N •-I N El r-1 N El H N El N El O N O N O •-1 N F N •--� N F O O ~ Z F � O p p (1 m r m N O O O O O O O O O O O O O O OOl u1 V a r CP 1Il O N � Q a 0 0 0 0 0 o p v N m o O z o O O 'n m c� O ro U 0 p o p rx o O W o o Z E 0 a o O CQ 0 c� o .0 al 0 cx o ROC Rl v rn Z i p O Vl W V7 F vOi ca y �017 U pp F pp E to pp 6 H qq pO >aa E F poEl Mz H [aQ� E >�+? " U [Q� N F > (per H > Z. E q> Z m W as w F O a a a °n x i� a x a °n zf a t^ x a 0 z a H o a 0 o z ❑ o ❑ o n w m o 0 0 N In w w w ❑ y a H u H H H a > H ❑ H H Ccw J Z rn > Z m > z rn z m z m Z rn Z rn Z rn Z Q a Q m w F' a 0 w 0 o 0 o 0 0 0 0 0 0 0 0 0 O w O z 0 0 0 p m 0 0 0 m 0 O 0 r O am 0 tf1 0 a+ 0 �Il O 0 ui O 0 ul O 0 ifl O 0 �[t H o ul r m l0 Z ❑ O If1 If'1 N � � �' H N � � .-I H N U O O O O O Q Z�z W ❑ O Z a w U w m zz5 W w Q N W F .z 0 C+ 00 0 OOF U z a a W m a ❑ w £ w a £ z w w a a a H a ❑ 0 o £ W Ea a w a m Q a z y o m u ❑ a a w Z O O w0 W > O 00 N O HO a O O 3 O O O H o O 0 0 .� 0 0 p 0 p a � O W o O O W a in O (x a 26 029 N r m • Z N N � N a 04 O P F F F O H O F O F F F O F F �n r r ti 'y F p O >+ O rC W a p O O o O p ern O N O p o O O O O O O O O O O O O r Z i r•t a Z `OOlz El m a pEp U > ofo N U a H Eoo U ElO E F ofO F U a > ofo N F a E" O iA El ul w E Z U E. pw E O w u F x z a F u a a z ppp H H a z z E z H ~ z �w g Z z S Z z z w �.' $ w > z B w > lz m 8 w z z [~-� w > u Q > > y > U > U > W > > > O W E E U u) U w ❑ Z ❑ ❑ H z >O y >O z O Z O Z Z > z > z O 10 O co 01 Z D ID O O D1 D\ a v co D• Z a z a FC w w w a O p w F W p p O O 00 O 00 O 00 0 p p p O O O O p O O O iD O p O O C7 Z O O O O O Q` O O O D) Dn 00 O D` 00 O D+ 00 N CY)u r ri m 10 ID O O O U .ti O FC WW y w m O O z >4 Z ~ H O h� m W F H 14 W a m cQ O O W �u a W a w `z P4 z O V7 6 F F w H O > � Ef) a s ,.., w a a°n o w z °a � z z u w O o a O H U ri > o O CQ w p N .a Cl a a O o 0 O h m O 0 O F p O Z 7 O o Enw O > n o (Noa.7 0 �a7 3 27 030 o m z m rn N O ey N � H F F � w 0 0 H o O 2 F O O a � w 0 0 0 0 0 0 0 o Z O z F o E U O F z E > a O p E pH a E F a u o o O27 Z U Z a �.Z.7 > ❑ OU � x W W H ❑ W m m i D [n m rn z z O ❑ z a a a w w m rz o o w E' C o 0 w o 0 w o 0 rn m z o 0 O N d U U a O O 0 O F O H a i a 3 W H w a F N a a o w w a r m 'n �z o o 0 a .1 in O O 0 > U H .7 H o a U 3 28 031 CITY OF LA QUINTA BANK ID: DEF CHECK CHECK VENDOR PAYMENT NUMBER DATE NO. NAME AMOUNT ***NO CHECKS WERE USED FOR PRINT ALIGNMENT.*** 35261 11/25/98 &00694 JULIO ANGULO 259.25 CHECK TOTAL 259.25 29 032 o~ F z m s N \ 2 V CN .ti W F N C� Q z a m F Ln Ln •-1 F N Z F W Z f O � r O N C N N ti Lr) N � 4 N C 7 � a j z r F o O W H �D F U F •� H a i � O H > O > CC. O G Z U U z H !n W W w > G � � a W W U W H G � G W > > m Z Z x H Z G H Y Q m W m [C i G F cr o W O m o E m m z m F Z O O O O U U •� < O ra f+l O O Lp a Q O i a Ft W F C7 a Z z m H FL Q � .• G+ G cZ CL H G � z h W z G > Q rn o 0 U F O U H o 2 U a A Q a W m O E-F IN 033 CITY OF LA QUINTA BANK ID: DEF PAGE i CHECK CHECK VENDOR PAYMENT NUMBER DATE NO. NAME AMOUNT ***NO CHECKS WERE USED FOR PRINT ALIGNMENT.*** 35250 11/24/98 &00692 BACHMAN, BOBBIE 20.00 35251 11/24/98 &00693 SCHEPPE, CATHY 20.00 35252 11/24/98 CLE010 CLERK OF SUPERIOR COURT 150.00 35253 11/24/98 DIE020 DAGOBERTO HERNANDEZ 1000.00 35254 11/24/98 FIR010 FIRST AMERICAN TITLE INS 6318.00 35255 11/24/98 LAQ050 LA QUINTA CITY EMPLOYEES 330.00 35256 11/24/98 PIN050 PINK INC 5935.80 35257 11/24/98 RIV040 RIV CNTY DISTRICT ATTORNY 361.50 35258 11/24/98 RIV070 RIVERSIDE COUNTY EMPLOYEE 8063.92, 35259 11/24/98 SAN060 SANTA CLARA HOUSING BUREA 960.00 35260 11/24/98 UNIO05 UNITED WAY OF THE DESERT 139.50 CHECK TOTAL 23,298.72 I v 034 r m m m .yy.yy fZ FF O Z a N g m a EH O E. O E ElH O 0 O p O E 00 m D, El O O El 0) 0) E. CT, ClO El O El a) O F O to N r m o O E.O E. o O O 0 O 0 O o m O o m 1: O� . O m m rn a W an m m O N � O U O N W O O 1 O Oi O r n o m rt 10 O a O q In U1 q 10 r10 n O m m 6 3 El q .7 Z Z U (per ,-� H Fp V] ri m ,^ p p W U 01 El O W m W .a E-4 .4 4 p �+ rZ-1, fx I.a ��CC tC 0 H Z a ' W U q W F ~ z fig p,l UF H pFo E E a 1 CG O z F F fZ O q q pFp I• F N a M O I H m a o o a p N a+ 0 ,m-1 °o q Z O 0 F o.� m O q 0 pa ,-1 8 q W O O u q o -� m 8 q 2 U W w w > W z W > 0 Z a \ Z I > m W Z > [Zak 4G > W µZ7 [F[a� > P4 W tL i a R a fn W a U ['1 > a ON q x a Q a > Z H 1 O > w z ID m m e O m �Qp E q a a x z a w a v c r w w Ela o 0 O O O N-1 \DD O 11l 0 O 0 O 0 O O 0 0 O W O O O O 00 t0 p 111 O O ui .i D, m 1 ri N 0 In .i ry O N p r ID .--1 N O O O ri O O O O 0 O in !+1 m 10 O O ID m O O O O In N O O u p O O O 0 .i . -4 El m � ul � Qp H i O W/1 m p W O C9 zEl y u W U) fZ U H N O x � O � w 4 H 2 W 0 O ya a a s o m u CQ a u N a U Q . a r� w > m z u z [� i OU O El N ID o ri m 10 o 0 0 W O H ra-1 Z > fZ O > a 0 m Z � 035 CITY OF LA QUINTA BANK ID: DEF PAGE 1 CHECK CHECK VENDOR PAYMENT NUMBER DATE NO. NAME AMOUNT ***NO CHECKS WERE USED FOR PRINT ALIGNMENT.*** 35248 11/20/98 HUM060 HUMANE SOCIETY OF 75.00 35249 11/20/98 PET010 PETTY CASH/CITY LA QUINTA 417.15 CHECK TOTAL 492.15 33 036 m H N t•1 d' Vl l0 r m . Z O N � w U a a U � N r-1 H N .-1 E. N .-i H N .-i F N .�-1 E N 'i F N e�i F --1 F N H 0 0 0 0 o a a � o w r ry Z g z E z Z Z z z HW HW a f.] z W H a �Hy W CHI W �r.� a4 CG �H7 WH (K a F x w° a x m x x x x >o> z N Q In a a a a a a a w u H w w p IG >yO I HG (Q Z a a z a w w w o a o w F a OQ O 0 0 0 0 0 0 0 0 0 0 o 0 0 O O 0 o 0 0 0 0 0 0 5 y r ip � V' O r r1 l0 O ID N l0 r1 ID O r ry a 0 U rat �n O O O . O I O - O N O ,s o 0 0 0 0 0 0 0 H H H H M cw H H at a as .at as .aC 0 o E H F F F H H U U U U U U U m a H U OU-I to OFH UI ,xly] C-iI Vl �/] OFF Ul UHH a a a a a o F E EU F F HU F H H m a WO C w 0 w 0 a 0 a 0 w 0 w 0 w 0 ¢ u m w w 04�a 0 w . a - �w 4 oli 037 34 AGENDA CATEGORY: BUSINESS SESSION: COUNCIL/RDA MEETING DATE: December 15, 1998 CONSENT CALENDAR: ITEM TITLE: STUDY SESSION: Transmittal of Treasurer's Report as of October 31, 1998 PUBLIC HEARING: RECOMMENDATION: Receive and file. BACKGROUND AND OVERVIEW: Transmittal of Treasurer's Report dated October 31, 1998 for the La Quinta Redevelopment Agency. FINDINGS AND ALTERNATIVES: I certify that this report accurately reflects all pooled investments and is in compliance with California Government Code Section 53645 as amended 1 /1 /86; and is in conformity with City Code 3.08.010 to 3.08.070 Investment of Money and Funds. I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet next month's estimated expenditures. John M. Falcon r, Finance Director 038 TO: FROM: SUBJECT DATE: T4ht 4 .faQuiRrw MEMORANDUM La Quinta City Council John Falconer, Finance Director/Treasurer Treasurer's Report for October 31, 1998 December 1, 1998 Attached is the Treasurer's Report for the month ending October 31, 1998. This report is submitted to the City Council each month after a reconciliation of accounts is accomplished by the Finance Department. Cash and Investments: Increase of $207,083. due to the net effect of revenues in excess of expenditures. State Pool: Increase of $233,888. due to the net effect of transfers to and from the cash and investment accounts. U.S. Treasury Bills, Notes, Securities and Commercial Paper: Increase of $50,601. due to the monthly adjustment in the amortized value of the investments. Mutual Funds: Decrease of $477,619. due to debt service payments and interest earned. Total increase in cash balances $13,953. I certify that this report accurately reflects all pooled investments and is in compliance with the California Government Code; and is in conformity with the City Investment policy. As Treasurer of the City of La Quinta, I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the pools expenditure requirements for the next six months. The City of La Quinta used the Bureau of the Public Debt, U.S. Bank Monthly Statement and Bank of New York Monthly Custodian Report to determine the fair market value of investments at month end. /Z,3 yt' Jo n M. Falconer Da e Finance Director/Treasurer 02 039 N C C IC 'C C �C iIC'. C IC �Z BIZ .Z Z :Z :Z ! Z :Z X W O i �E O � N 0 d W yc L a 'a C C IL) O d m U, O - U O m _U I^C Q I� ',. W U IlL'. I,LL IM c ITS' � FOl- f�l''. 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VZ Ico''(O l0'Or'Cb O'h 0 O COIN ' (D (O C!( Q co 0 CD L"i CD O fJ) co COIO) C7 0 '-4 Cp Ch (h O'�Y'f r V' CA (DID'. I- I'a' R ,,�. O) (DIM (C) R O M co 0 co 10 (mt• E�'III of Ii m i O1'I CI a C m m' m m u E m YCD al i� m m UT C U C C a) a) co y c m J LC I'iU, N C N m X m h- �' mQ CIS C U--a W I N. Ch 'i0 Im 1 C cQ U m c c �AI is rn O a m X (U c a) v aX) N N ml �' C '1L1 p L c0. C. N m co �, m _1 d N Iw'� C) IUI m>- UUu- a) m m m' aF En X m C) ca N O w(n�OUoIF-' a) �Z U wl z! C) (n o O o p cq O O C)- O O O O O O _ O O C)V O O O O 0 a C) 0'.O Op a OD) n �Lr) 'CD v h C N 00 CO '1p �� O O O O O) O O co I,t, '0 IO 0 O Vi ... Mtn IU) 'IT C) N N 0 Lo co � O O'er O O CD C) r0 IO OICi O 0 O � O ICO it O'e-' OIN. ':0 c IC) ti �O 17) 'IN C�6I"i IIII Q) 010 10 O 10 IQ) O CIO N Ir r IN OIN O 101 I(D OI(O c O 0 N 'M � O 'N 10 OIN' O10 IO O �O Lo 'O' '(D O ,r R O IM IC7' ''00 (`7 'N O IM O 1N iN. C) N N ,N O 0I0. V It- O O '.(D 1(D ,� I,O ''an N Ir 0 ICD ICD N IQ) (D li, p CO (C') 0 OI�� OIOI, !0 0 IO O I('D n co OI. l 10 OO'10 ppOO'. 'T pIR7� tO O LO O IM N I� OI(Di CO CO co (O O rr O p 0 10 D) Y') 1� +. C oI N' q C CI', C> IEI o o Ei aI c,El U' U. C, E C' y' Ol C U U' U Cy) m Y U) O CL a) Y C) OC m a E 'Nrn hmn y y2 LI U 21 Ito u > ) ), m' UI U(mm'In m L o I'D'° o IE�E ZT m rn UCU Z '•' U m eu m Z C'. IL ' co N +� C m g VmU(DImLLm1 �I mlol to m ml5! ml LLq 1 o a)' Ipl N N a) x a,� �1f-: coL!0l IZ! lLL m o1 �� w 045 !i BALAh::E SHEET 10131/98 FIXED LONG TERM FIXED LONG TERM FINANCING LONG TERM GRAND CITY ASSETS DEBT RDA ASSETS DEBT AUTHORITY DEBT TOTAL ASSETS: POOLED CASH 2,505,226.01 6,873,371.09 (321.08) 9,378,276 C2 LQRP INVESTMENT IN POOLED CASH 530,000.00 530.DOO OC INVESTMENT T-BILL/NOTES 8 OTHER 18,000,000.00 18.000.000. OC LQRP CASH 97,590.97 97,590.97 BOND REDEMPTION CASH 30,762.55 30.762.55 BOND RESERVE CASH BOND PROJECT CASH 16,072,482.58 567,460-57 16,639. 943. 15 BOND ESCROW CASH PETTY CASH 1,000.DO 1.00000 CASH S INVESTMENT TOTAL 20,506,226.01 23,604,207.19 567,139.49 44 677.572.69 INVESTMENT IN LAND HELD FOR RESALE ACCOUNTS RECEIVABLE 57,406.02 81.257.68 8,505,000.00 8,643,663.70 PREMIUM/DISCOUNT ON INVESTMENT (97,207.38) (22,185.02) (3,787.14) (123,179.54) LORP-ACCOUNTS RECEIVABLE 28,484.07 28,484.07 INTEREST RECEIVABLE (9,765.62) 142,955.80 133,190.18 LOAN/NOTES RECEIVABLE 14,499.19 2,528,967.76 2,543,466.95 DUE FROM OTHER AGENCIES DUE FROM OTHER GOVERNMENTS DUE FROM OTHER FUNDS (13,758.60) 551,038.04 537,279.44 DUE FROM RDA 6,890,277.20 6,890,277.20 INTEREST ADVANCE -DUE FROM RDA 2,316,801.04 2,316,801.04 NSF CHECKS RECEIVABLE 1,427.17 1,427.17 ACCRUED REVENUE 34,625.54 34.625.54 TRAV EL ADVANC ES 4,160.00 4,160.00 EMPLOYEE ADVANCES PREPAID EXPENSES 3,491.00 3,491.00 RECEIVABLE TOTAL 9,167,330.02 3,345,143.87 8,501,212.86 21,013,686.75 WORKER COMPENSATION DEPOSIT 37,637.00 37,637.00 RENT DEPOSITS UTILITY DEPOSITS 75.00 75.00 MISC. DEPOSITS 2,100.DO 2,100.00 DEPOSITS TOTAL 39,812.00 39,812.00 GENERAL FIXED ASSETS 1,098,865.00 15,008,708.00 11,438,745.05 27,546,318.05 ACCUMULATED DEPRECIATION (526,870.96) (526,870.96) AMOUNT AVAILABLE TO RETIRE L/i DEBT 3,395,117.03 3,395,117.03 AMOUNT TO BE PROVIDED FOR LIT DEBT 1,944,070.34 97,878,679.32 8,505,000.00 108,327,749.66 TOTAL OTHER ASSETS 571,994.04 15,008,708.00 1,944,070.34 11,438,745.05 101,273,796.35 8,505,000.00 138,742,313.78 TOTAL ASSETS 30.285.362.07 15 008 708.DO 1.944.070.34 26 949 351 D6 11 438 745 OS 101 273 ----- LIABILITY ACCOUNTS PAYABLE (0.02) 22,139.53 22,139.51 DUE TO OTHER AGENCIES 56,168.04 56,168.04 DUE TO OTHER FUNDS 551,038.04 (13,758.60) 537,279.44 INTEREST ADVANCE -DUE TO CITY ACCRUED EXPENSES PAYROLL LIABILITIES 45,127.45 45,12T45 STRONG MOTION INSTRUMENTS 7,956,47 7,95647 FRINGE TOED LIZARD FEES 17.430.00 17,430.00 SUSPENSE DUE TO THE CITY OF LA QUINTA PAYABLESTOTAL 126,681.94 22,139.53 551,038.D4 (13,758.60) 686,100.91 ENGINEERING TRUST DEPOSITS 58,224.D9 58,224.09 SO. COAST AIR QUALITY DEPOSITS ARTS IN PUBLIC PLACES DEPOSITS 330,463.67 330,463.67 LQRP DEPOSITS 15,399.00 15,399.00 DEVELOPER DEPOSITS 571,586.94 571,586.94 MISC. DEPOSITS 240,946.02 240,946.02 AGENCY FUND DEPOSITS 835,990.25 835,990.25 TOTAL DEPOSITS 2,037,210.97 15,399.00 2,052,609.97 DEFERRED REVENUE 14,229.79 8,505,000,00 8,519,229.79 OTHER LIABILITIES TOTAL 14,229.79 8,505,000.00 8,519,229.79 COMPENSATED ABSENCES PAYABLE 313,619.81 313,619.81 DUE TO THE CITY OF LA QUINTA 1,608,311.00 9,207,079.45 10,815,390.45 DUE TO COUNTY OF RIVERSIDE 12,601,591.90 12,601,591.90 DUE TO C.V. UNIFIED SCHOOL DIST. 10,690,125.00 10,690,125.00 DUE TO DESERT SANDS SCHOOL DIST. BONDS PAYABLE 68,775,000.00 8,505,000.00 77,280,000.00 TOTAL LONG TERM DEBT 1,921,930.81 101,273,796.35 8,505,000.00 111,700,727.16 TOTAL LIABILITY 2,178,122.70 1,944,070.34 566,437.04 101,273,796.35 8,491,241.40 8,505,000.00 122,958,667.83 EQUITY -FUND BALANCE 28,107,239.37 15,008,708.00 26,382,914.02 11,438,745.05 577,110.95 81,514,717.39 TOTAL LIABILITY 6 EQUITY 30,285,362.07 15,008,708.00 1,944,070.34 26,949,351.06 11,438,745.05 101 273 796.35 9,068,352.35 8,505,000.00 204 473 385.22 U46 T4ty� 4 4a QWK& COUNCIL/RDA MEETING DATE: December 15, 1998 ITEM TITLE: Acceptance of Bid for Assessment/Sewer Hook -Up Fee Subsidy Program - Project 98-20, Econo Sewer Service RECOMMENDATION: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: 3 STUDY SESSION: PUBLIC HEARING: Accept the second low bid from Econo Sewer Service for the hook-up of 24 sewers in the amount of $39,500.00. FISCAL IMPLICATIONS: The RDA Assessment Subsidy Program has a current balance of $1 1 5,121 .51 . The award of this contract would reduce the amount of program available funds to $75,621 .51 . BACKGROUND AND OVERVIEW: Project 98-20 is for the hook-up of 24 sewers on the fee subsidy program, located on the attached map, (Attachment No. 1). Six contractors submitted bids as follows: Granite Construction $107,025.00, Dateland Construction $59,600.00, DenBoer Engineering and Construction $44,535.00, Hendrickson Construction, Inc. $42,776.00, Econo Sewer Service $39,500.00, and Wilson Backhoe Service $28,700.00. The recommended bid proposal for the project is included as Attachment No. 2. FINDINGS AND ALTERNATIVES: The low bidder, Wilson Backhoe Service, submitted an incomplete proposal and it was deemed non -responsive. The next lowest responsible bidder, Econo Sewer Service, has met all the requirements of the bid specifications and has proven to be qualified in previous projects performed for the City. The bid price is consistent with previous sewer projects. The only alternative to awarding the project to Econo is to reject all bids and delay construction of Project 98-20. Tom Hartung Director of Building and Safety 047 A n ATTACHMENT 1 E o 51400� �d N i_ c> � A r� � n r�-i � z A m c A [ N1 A UE �A ro cn � z N o z A n o o a 5N0 AVE 51730 LL C 9A GO N 02No AV c-52105 52165 — CA L S A w z 53620 LY a �52485� o z Lam' 525R0 LOW MOD SEWER PROJECT 98-20 `)2655� CA_L N A �S 852—/ 51-405 Avenida Ramirez t 52790 77-616 Calle Hidalgo 52 8 8 0 51-730 Avenida Madero 52 8 6 0 51-373 Avenida Vallejo C L CN H A HI A 1 1 51-400 Eisenhower Drive 52-105 Avenida Rubio n < 52-165 Avenida Velasco a z 52-655 Avenida Herrera C L NO 1 RL 52-580 Avenida Carranza n , 53360 52-485 Avenida Rubio n 52-860 Avenida Martinez C L 0 I A 52-790 Avenida Villa C A_ L C T4 52-770 Avenida Mendoza 7U 53555 52-880 Avenida Diaz o 53 60 0 53-360 Avenida Villa z 53655 53-555 Avenida Rubio o C L AR O A 54-225 Avenida Herrera c 77-330 Calle Colima CD 538 to 53-711 Avenida Bermudas N C L C N L O N 53-655 Avenida Rubio s 3 711 53-890 Avenida Velasco 53-600 Avenida Navarro 53-620 Avenida Cortez C LL MA R -'4225 54-865 Avenida Rubio C LL I L UL r < m s < v < LL PO R P 54865 1, z t� < I4I LL[ 1 A E U4� GDT-DYNN,!AP ATTACHMENT 2 CITY OF LA QUINTA PROPOSAL TO THE CITY COUNCIL OF THE CITY OF LA QUINTA: In compliance with the notice inviting sealed proposals, the undersigned bidder hereby proposes and agrees to perform the Work therein described and to furnish all labor, materials and equipment necessary therefor, in -accordance with the Specifications therefor, and further agrees to enter into a contract therefor, at the prices set forth in the Bidding Schedule. Bidder acknowledges the receipt of the following Addenda to the Contract Documents #1 Nov.18,1998 SUBMITTED BY: Date: 11/23/98 E.C.Sewer Service, Inc. dba Econo Sewer Service P.O. Box 192 Palm Desert, CA 92261 (Address) P-1 �r 049 a, • 9 FyOFTN�v ADDENDUM # 1 PROJECT 98-20 Low Mod Sewer Program November 18,1998 The time allotted for the completion of the above project has been extended from 90 days (as originally specified in the Notice Inviting Bids) to 120 days. The allotted time to complete the project is calculated from the time the Notice to Proceed is issued, to the completion of the final unit. t' v SEWER HOOK-UP BIDDER'S DECLARATION It is understood and agreed that: 1 . The undersigned has carefully examined all documents which will form a part of the Contract namely, the Notice Inviting Bids; the Instruction to Bidders; this Proposal; the Bidder's Declaration; the Bid Bond; the Designation of Subcontractors; the Construction Project Reference; the Bidder's Assurance; the Certificate of Non -Discrimination by Contractor;. the Affidavit of Non -Collusion by Contractor; the Contract Agreement; the Faithful Performance Bond the Payment Bond; the Contractor's Worker's Compensation Insurance Certificate; Instructions for Signing Bids, Bonds and Contracts; those certain specifications; the General Conditions and the Special Provisions. 2. The undersigned has, by investigation at the site of the work and otherwise, satisfied himself as to the nature and location of the work and fully informed himself as to all conditions and matters which can in any way affect the work or the cost thereof. No claim for allowance --time or money --will be allowed as to such matters. 3. The undersigned fully understands the Scope of Work and has checked carefully all words and figures inserted in this Proposal and he further understands that the City will not be responsible for any errors or omissions in the preparation of the Proposal. 4. The undersigned agrees and acknowledges that he is aware of the provisions of Section 3700 of the California Labor Code which requires every employer to be insured against liability for worker's compensation or to undertake self- insurance in accordance with the provisions of that Code, and that the undersigned will comply with such provisions before commencing the performance of the Contract if it is awarded to the undersigned. The undersigned will begin work after award of Contract and a Notice to Proceed has been given as herein specified, and provided all requirements in regard to bonds and insurance have been satisfied and will complete said Work within the time specified. The undersigned will execute the Contract and furnish the required statutory bonds and certificates of insurance within the period of time specified in the Contract Documents. - p-2 = iriDU 051 5. The undersigned will accept an award and enter into a Contract for all Work scheduled herein on which he puts in a bid. The award for such work is to be entirely at the discretion of the City after evaluation of the bids as submitted. The undersigned agrees that the City shall recover or retain as liquidated damages an amount equal to the difference between the low bid and amount of the bid of the bidder with whom the City enters into a Contract, and the surplus, if any shall be returned to the lowest bidder in accordance with the provisions of Section 20174 of the California Public Contracts Code in the event of his failure to execute a Contract and furnish bonds and insurance therefor within the time provided. 6. This bid will not be withdrawn within a period of thirty (30) days after the date of its proper opening by the City. Respectfully submitted, E.C.Sewer Service, Inc.dba Econo Sewer Service Susan C. Johnson President Contractor's Business Name Contract Title P.O.Box 192 ' Business Address: Street Title Palm Desert, CA 92261 746159 C-42 City State Zip Contractor's License No. and Classification (760) 346-2793 November 23, 1998 Business Phone Number Date Susan C. Johnson President 84035 Cabazon Rd. Name. Title Residence: Street Indio, CA 92201 City State Zip (760) 346-2793 Residence Phone No. y. P-3' .059 BIDDING SCHEDULE BUILDING SEWER HOOK-UP AND ABANDON EXISTING FACILITIES 1. PARCEL HOUSE NO. 51-405 Avenida Ramirez Street Address Sewer Hook-up L.S. $ 600.00 Abandon Existing Facilities L.S. 9,00 . 00 TOTAL 1,500.00 2. PARCEL HOUSE NO. 77-616 Calle Hidalgo Street Address Sewer Hook-up L.S. $ 600.00 Abandon Existing Facilities L.S. 900.00 TOTAL 1,500.00 3. PARCEL HOUSE NO. 51-730 Avenida Madero Street Address Sewer Hook-up L.S. $ 880.00 Abandon Existing Facilities L.S. 1,320.00 TOTAL 2,200.00 4. PARCEL HOUSE NO. 51-373 Avenida Vallejo Street Address Sewer Hook-up L.S. $ 600.00 Abandon Existing Facilities L.S. 900.00 TOTAL 1,500.00 5. PARCEL HOUSE NO. 51-400 Eisenhower Drive Street Address Sewer Hook-up L.S. $ 600.00 Abandon Existing Facilities L.S. 900.00 TOTAL 1,500.00 P-13A GOS 053 6. PARCEL HOUSE NO. 52-105 Avenida Rubio Street Address Sewer Hook-up L.S. $ 600.00 Abandon Existing Facilities L.S. 900.00 TOTAL 1,500.00 7. PARCEL HOUSE NO. 52-165 Avenida Velasco Street Address Sewer Hook-up L.S. $ 600.00 Abandon Existing Facilities L.S. 900.00 TOTAL 1,500.00 8. PARCEL HOUSE NO. 52-655 Avenida Herrera Street Address Sewer Hook-up L.S. $ 880.00 Abandon Existing Facilities L.S. 1,320.00 TOTAL 2,200.00 9. PARCEL HOUSE NO. 52-580 Avenida Carranza Street Address Sewer Hook-up L.S. $ 600.00 Abandon Existing Facilities L.S. 900.00 TOTAL 1,500.00 10. PARCEL HOUSE NO. 52-485 Avenida Rubio Street Address Sewer Hook-up L.S. $ 880.00 Abandon Existing Facilities L.S. 1 , 320.00 TOTAL 2,200.00 11. PARCEL HOUSE NO. 52-860 Avenida Martinez Street Address Sewer Hook-up L.S. $ 600.00 Abandon Existing Facilities L.S. 900.00 TOTAL 1,500.00 P-13B 054 12. PARCEL HOUSE NO. 52-790 Avenida Villa Street Address Sewer Hook-up L.S. $ 600.00 Abandon Existing Facilities L.S. 900.00 TOTAL 1,500.00 13. PARCEL HOUSE NO. 52-770 Avenida Mendoza Street Address Sewer Hook-up L.S. $ 600.00 Abandon Existing Facilities L.S. 900.00 TOTAL 1,500.00 14 15 16 17 PARCEL HOUSE NO. 52-880 Avenida Diaz Street Address . Sewer Hook-up L.S. $ 880.00 Abandon Existing Facilities L.S. 1,320.00 TOTAL 2,200.00 PARCEL HOUSE NO. 53-360 Avenida Villa Street Address Sewer Hook-up Abandon Existing Facilities L.S. L.S. TOTAL PARCEL HOUSE NO. 53-555 Avenida Rubio Street Address $ 600.00 900.00 1,500.00 Sewer Hook-up L.S. $ 600.00 Abandon Existing Facilities L.S. 900.00 TOTAL 1,500.00 PARCEL HOUSE NO. 54-225 Avenida Herrera Street Address Sewer Hook-up Abandon Existing Facilities L.S. $ 600.00 L.S. 900.00 TOTAL 1 , 500.00 P-13C 010 055 18. PARCEL HOUSE NO, 77-330 Calle Colima Street Address Sewer Hook-up L.S. $ 600.00 Abandon Existing Facilities L.S. 900.00 TOTAL 1,500.00 19. PARCEL HOUSE NO. 53-711 Avenida Bermudas Street Address Sewer Hook-up L.S. $ 880.00 Abandon Existing Facilities L.S. 1,320.00 TOTAL 2,200.00 20. PARCEL HOUSE NO, 53-655 Avenida Rubio Street Address Sewer Hook-up L.S. $ 600.00 Abandon Existing Facilities L.S. 900.00 TOTAL 1,500.00 21. PARCEL HOUSE NO. 53-890 Avenida Velasco Street Address Sewer Hook-up L.S. $ 600.00 Abandon Existing Facilities L.S. 900.00 TOTAL 1,500.00 22. PARCEL HOUSE NO, 53-600 Avenida Navarro Street Address Sewer Hook-up L.S. $ 600.00 Abandon Existing Facilities L.S. 900.00 TOTAL 1,500.00 23. PARCEL HOUSE NO. 53-620 Avenida Cortez Street Address Sewer Hook-up L.S. $ 600 _ nn Abandon Existing Facilities L.S. 900.00 TOTAL 1,500.00 P-13D 6, 056 24. PARCEL HOUSE NO. 54-865 Avenida Rubio Street Address Sewer Hook-up Abandon Existing Facilities L.S. $ L.S. TOTAL GRAND TOTAL 900.00 1.500.00 39,500.00 P-13E Q 1 012 057 T411�t 4 stPQ" COUNCIL/RDA MEETING DATE: December 15, 1998 ITEM TITLE: Consideration of Redevelopment Agency Board Reorganization a. Selection of Chair and Vice Chair RECOMMENDATION: AGENDA CATEGORY: BUSINESS SESSION: 4— CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: 1. That the Redevelopment Agency Board select a Chair. 2. That the Redevelopment Agency Board select a Vice Chair. FISCAL IMPLICATIONS: None BACKGROUND AND OVERVIEW: Each year at this time, the Board of Directors of the Redevelopment Agency reorganizes, in that a Chair and Vice Chair are selected. Attached is a copy of RDA Resolution No. 94-1 establishing the Agency By -Laws in which Section 2.02 provides that the Chair shall be chosen on a rotational schedule which first provides that the Mayor Pro Tem for the prior year becomes the Chair and in the event that the prior year's Mayor Pro Tem is no longer a Council Member or has been elected or appointed to the position of Mayor, then the Board Member who is most senior, but is not acting currently as the Mayor Pro Tem, shall become the Chair. In the event that there is more than one member with equal seniority available, the Agency Board shall vote to determine who shall act as Chair. Section 2.03 of Resolution No. 94-1 provides that the Vice Chair shall be voted upon by the Board from among Board Members who are not serving as Mayor or Mayor Pro Tem of the City or Chair of the Redevelopment Agency. 1W FINDINGS AND ALTERNATIVES: 1 . Select a Chair of the Agency Board; and 2. Select a Vice Chair of the Agency Board; or 3. Provide Staff Direction. AUNDRA L. JUH LA, City Clerk City of La Quinta, California 059 RESOLUTION NO. RA 94-1 A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY BOARD AMENDING BY-LAWS FOR THE LA QUINTA REDEVELOPMENT AGENCY. WHEREAS, the City Council of the City of La Quinta has organized itself as the La Quinta Redevelopment Agency; and WHEREAS, the Board Members of the Agency have established by-laws to conduct its business; and WHEREAS, it is necessary for the Agency to amend the by-laws. NOW THEREFORE, the La Quinta Redevelopment Agency Board does hereby resolve as follows: SECTION 1. The "By -Laws" of the La Quinta Redevelopment Agency, are hereby amended in the form attached to this resolution, and incorporated herein by reference, are hereby adopted. PASSED, APPROVED and ADOPTED this 18th day of January 1994 by the following vote: AYES: Board Members Bangerter NOES: None ABSTAIN: None ABSENT: Chairman Pena McCartney, Perkins, Sniff, Vice Chairman &t4l� 0 �-A GLENDA L. BANGERTER, La Quinta Redevelopment A ATTEST: S'AUNDRA L. JUHOL.A, Secretary La Quinta Redevelopment Agency APROVED AS TO FORM: (7 S LING, YOCCA, CARLSON & RAUTH Agency Legal Counsel Chairman 060 RESOLUTION NO. RA 94-1 ^ t 1 Ml.i lvllz iu i a BYLAWS OF THE LA QUINTA REDEVELOPMENT AGENCY ARTICLE I - THE AGENCY Section 1.01. Name of Agency. The official name of the Agency shall be the "La Quinta Redevelopment Agency." Section 1.02. Seal of Agency. The seal of the Agency shall be in the form of a circle and shall bear the name of the Agency and the year of its organization. Section 1.03. Office of Agency and Place of Meeting. The office of the Agency shall be at City Hall, 78-495 Calle Tampico, La Quinta, California, but the Agency may hold its meeting at any place in the City of La Quinta, California, which the Agency may from time to time designate by resolution. Section 1.04. Powers. The powers of the Agency shall be vested in the members thereof then in office, who reserve unto themselves the right to delegate by resolution such powers as are appropriate and permissible by law. Section 1.05. Members. The members of the Agency shall be the members of the City Council of the City of La Quinta. ARTICLE II - OFFICERS AND EX OFFICIO POSITIONS Section 2.01. Officers. The officers of the Agency shall be a Chair and a Vice Chair. Ex officio positions acting as its staff shall be an Executive Director, Secretary to the Board and Treasurer. 1 061 Section 2.02. Chair. The Chair of the Agency shall be appointed pursuant to a basic rotational schedule which first provides that the Mayor Pro Tem for the prior year becomes the Chair and in the event that the prior year's Mayor Pro Tem is no longer a Council Member or has been elected or appointed to the position of Mayor, then the Board Member who is most senior, but is not acting currently as the Mayor Pro Tem, shall become the Chair. In the event that there is more than one member with equal seniority available, the Agency Board shall vote to determine who shall act as Chair. The Chair shall preside at all meetings of the Agency. Except as otherwise authorized by resolution of the Agency or the provisions of these Bylaws, the Chair shall have the authority to sign on behalf of the Agency, all contracts, deeds and other instruments made by the Agency. Section 2.03. Vice Chair. The Vice Chair of the Agency shall be voted upon by the Board from among the Board Members who are not serving as Mayor or Mayor Pro Tem of the City or Chair of the Redevelopment Agency. The Vice Chair shall perform the duties of the Chair in the absence or incapacity of the Chair. Section 2.04. Executive Director. The Executive Director shall be the City Manager of the City of La Quinta. The Executive Director shall have general supervision over the administration of Agency business and affairs, subject to the direction of the Agency. The Executive Director shall have the authority to sign on 2 062 behalf of the Agency all contracts, deeds, and other instruments made by the Agency. Section 2.05. Secretary to the Board., The Secretary to the Board shall be the City Clerk of the City of La Quinta. The Secretary to the Board shall keep the records of the Agency, act as secretary at meetings of the Agency, record all votes and keep a record of the proceedings of the Agency in a journal of proceedings to be kept for such purpose, and perform all duties incident to the Secretary to the Board's office. The Secretary to the Board shall maintain a record of all official proceedings of the La Quinta Redevelopment Agency and the redevelopment program. Section 2.06. Treasurer. The Treasurer shall be Treasurer of the City of La Quinta. The Treasurer shall have the care and custody of all funds of the Agency and shall deposit same in the name of the Agency in such bank or banks as the Agency may select. The Treasurer shall sign all orders and checks for the payment of money and shall pay out and disburse such monies under the direction of the Agency. The Treasurer shall keep regular books of account, showing receipts and expenditures, and shall render to the Agency at each regular meeting, or more often when requested, an account of transactions and the financial conditions of the Agency. The Treasurer shall give such bond for faithful performance of the Treasurer's duties as the Agency may determine. Section 2.07. Special Counsel. The Agency may appoint Special Counsel to give advice to the Agency and to provide a variety of services, including without limit, the preparation of 3 063 all proposed resolutions, laws, rules, contracts, bonds and other legal papers for the Agency. The Special Counsel may give advice or opinions in writing to the Chair or other Agency officers whenever requested to do so. The Special Counsel may attend to all suits and other matters to which the Agency is a part or in which the Agency may be legally interested and do such other things pertaining to the Special Counsel's office as the Agency may request. Such Special Counsel shall serve at the pleasure of the Agency. Section 2.08. Compensation. The members of the Agency shall receive such compensation as the City Council prescribes, but said compensation shall not exceed that amount as set forth in Section 33114.5 of the Health & Safety Code as such Section may from time to time be amended. Section 2.09. Additional Duties. The officers and ex officio positions of the Agency shall perform such other duties and functions as may from time to time be required by the Agency or the Bylaws or rules and regulations of the Agency. Section 2.10. Absences. In the temporary absence of both the Chair and. the Vice Chair, the most senior Board Member shall serve as Presiding Officer. In the event that there are two Board Members with equal seniority, then the Member who received the highest number of votes in the General Municipal Election shall serve as Presiding Officer. Section 2.11. Additional Personnel. The Agency may from time to time appoint or employ such personnel as it deems necessary to N M it exercise its powers, duties and functions as prescribed by the California Community Redevelopment Law and all other laws of the State of California applicable thereto. Additional personnel may include, but is not limited to, contract consultants, attorneys, special counsel and project implementation contractors as conditions warrant. The selection, duties and compensation of such personnel shall be determined by the Agency, subject to the laws of the State of California. Section 3.01. ARTICLE II - MEETINGS Regular Meetings. The regular meetings of the Agency shall be held on the first and third Tuesday of each month at 3:00 p.m. in the Chambers of the City Council, 78-495 Calle Tampico, La Quinta, California. In the event such date shall fall on a legal holiday, the regular meeting shall be held on the next succeeding business day. Section 3.02. Special Meetings. The Chair of the Agency may, when it is deemed expedient, and shall, upon the written request of two (2) members of the Agency, call a special meeting of the Agency for the purpose of transacting the business designated in the call. The means and method for calling such special meeting shall be as set forth in the Ralph M. Brown Act, California Government Code Sections 54950, et seq., as it now exists or may hereafter be amended. At such special meeting, no business shall be considered other than as designated in the call. 5 065 Section 3.03. Quorum. Three (3) members of the Agency shall constitute a quorum for the purpose of conducting Agency business, exercising Agency powers and for all other purposes, but a smaller number may adjourn from time to time until the quorum is obtained. Every official act of the Agency shall be adopted by a majority vote. A "majority vote" shall mean a majority of all members present when a quorum is present. Section 3.04. Order of Business. At the regular meetings of the Agency, the following shall be the order of business: (1) Roll Call; (2) Confirmation of Agenda; (3) Approval of Minutes; (4) Public Comment; (5) Business Session; (6) Consent Calendar; (7) Department Reports; (8) Chair and Board Member's Items; (9) Public Hearings; (10) Closed Session; (11) Adjournment. All resolutions shall be in writing and designated by number, reference to which shall be inscribed in the minutes and an approved copy of each resolution filed in the official book of resolutions of the Agency. Section 3.05. Manner of Voting. The voting on formal resolutions, matters to any federal, state, county or city agency,. 41 066 and on such other matters as may be requested by a majority of the Agency members, shall be by electronic voting, and the ayes, noes and members present not voting shall be entered upon the minutes of such meeting, except on the election of officers, which may be by ballot. Section 3.06. Parliamentary Procedure. Unless a different procedure is established by resolution of the Agency or set forth in these Bylaws, the rules of parliamentary procedure as set forth in Robert's Rules of Order Revised shall govern all meetings of the Agency. Section 4.01. ARTICLE IV - PUBLIC NOTICE Public Notice. The Desert Sun, with offices located at 750 North Gene Autry Trail, Palm Springs, California 92262, is hereby designated as the Agency's official newspaper for all legally required public notices. ARTICLE V - AMENDMENTS Section 5.01. Amendments to Bylaws. The Bylaws of the Agency may be amended by resolution by the Agency at any regular or special meeting by majority vote. ARTICLE VI - CONFLICTS Section 6.01. Conflicts. Conflicts shall be determined and governed by a Conflict of Interest Code adopted by the Agency and approved by the City Council. 7 067 cei',,, 4 stP Q" COUNCIL/RDA MEETING DATE ITEM TITLE: Transmittal of Revenue and Expenditure Reports dated October 31, 1998 RECOMMENDATION: Receive and File AGENDA CATEGORY: BUSINESS SESSION: December 15, 1998 CONSENT CALENDAR: BACKGROUND AND OVERVIEW: STUDY SESSION: PUBLIC HEARING: Transmittal of the October 31, 1998 Statement of Revenue and Expenditures for the La Quinta Redevelopment Agency. John M. Falconer, Finance Director 068 LA QUINTA REDEVELOPMENT AGENCY REVENUE SUMMARY PROJECT AREA NO. 1: DEBT SERVICE FUND: Tax Increment Allocated Interest Non Allocated Interest Interest Advance Proceeds Transfers In TOTAL DEBT SERVICE CAPITAL IMPROVEMENT FUND: Pooled Cash Allocated Interest Non Allocated Interest Litigation Settlement Revenue Loan Proceeds Transfers In TOTAL CAPITAL IMPROVEMENT LOW/MODERATE TAX FUND: Tax Increment Allocated Interest Non Allocated Interest LQRP-Rent Revenue Home Sales Proceeds Sewer Subsidy Reimbursements Transfer In TOTAL LOW/MOD TAX LOW/MODERATE BOND FUND: Allocated Interest Non Allocated Interest Transfer In TOTAL LOW/MOD BOND 07/01/98-10/31/98 REMAINING % BUDGET RECEIVED BUDGET RECEIVED 10,012,123.00 0.00 10,012,123.00 0.00% 0.00 17,123.41 (17,123.41) N/A 0.00 30,246.48 (30,246.48) N/A 351,484.00 133,827.92 217,656.08 38.08% 1,738,801.00 0.00 1,738,801.00 0.00% 12,102,408.00 181,197.81 11,921,210.19 1.50% 0.00 6,023.51 (6,023.51) N/A 186,800.00 144,096.73 42,703.27 77.14% 0.00 821,589.19 (821,589.19) N/A 0.00 0.00 0.00 N/A 0.00 0.00 0.00 N/A 186,800.00 971,709.43 (784,909.43) 520.19% 2,503,031.00 0.00 2,503,031.00 0.00% 247,500.00 42,676.36 204,823.64 17.24% 0.00 0.00 0.00 N/A 341,000.00 137,626.00 203,374.00 40.36% 150,000.00 156.40 149,843.60 0.10% 0.00 2,308.94 (2,308.94) N/A 0.00 0.00 0.00 N/A 3,241,531.00 182,767.70 3,058,763.30 5.64% 0.00 0.00 0.00 N/A 135,000.00 65,738.79 69,261.21 48.70% 0.00 0.00 0.00 N/A 135,000.00 65,738.79 69,261.21 48.70% 069 LA QUINTA REDEVELOPMENT AGENCY 07/01/98 - 10/31/98 REMAINING % EXPENDITURE SUMMARY BUDGET EXPENDITURES ENCUMBERED BUDGET EXPENDED PROJECT AREA NO. 1: DEBT SERVICE FUND: SERVICES 212,000.00 0.00 0.00 212,000.00 0.00% BOND PRINCIPAL 2,090,852.00 1,291,490.00 0.00 799,362.00 61.77°% BOND INTEREST 3,202,233.00 1,514,774.73 0.00 1,687,458.27 47.30% INTEREST CITY ADVANCE 361,484.00 133,827.92 0.00 227,656.08 37.02% PASS THROUGH PAYMENTS 5,826,369.00 304,137.25 0.00 5,522,231.75 5.22% TRANSFERS OUT 0.00 202,749.02 0.00 (202,749.02) N/A TOTAL DEBT SERVICE 11,692,938.00 3,446,978.92 0.00 8,245,959.08 29.48% CAPITAL IMPROVEMENT FUND: PERSONNEL 8,100.00 2,558.52 0.00 5,541.48 31.59°% SERVICES 2,270,756.00 13,377.00 0.00 2,257,379.00 0.59°% REIMBURSEMENT TO GEN FUND 190,669.00 63,556.36 0.00 127,112.64 33.33% TRANSFERS OUT 3,356,747.00 (108,479.96) 0.00 3,465,226.96 -3.23°% TOTAL CAPITAL IMPROVEMENT 5,826,272.00 (28,988.08) 0.00 5,855,260.08 -0.50°% LOW/MODERATE TAX FUND: PERSONNEL 2,650.00 819.22 0.00 1,830.78 30.91°% SERVICES 1,864,746.00 859,413.51 0.00 1,005,332.49 46.09°% REIMBURSEMENT TO GEN FUND 694,039.00 231,346.32 0.00 462,692.68 33.33% TRANSFERS OUT 1,738,801.00 0.00 0.00 1,738,801.00 0.00% TOTAL LOW/MOD TAX 4,300,236.00 1,091,579.05 0..00 3,208,656.95 25.38% LOW/MODERATE BOND FUND PERSONNEL 5,800.00 1,740.22 0.00 4,059.78 30.00% SERVICES 53,528.00 13,466.31 0.00 40,061.69 25.16% REIMBURSEMENT TO GEN FUND 0.00 0.00 0.00 0.00 N/A HOUSING PROJECTS 0.00 0.00 0.00 0.00 N/A TRANSFERS OUT 5,623,442.00 0.00 0.00 5,623,442.00 0.00°% TOTAL LOW/MOD BOND 5,682,770.00 15,206.53 0.00 5,667,563.47 0.27°% 070 LA QUINTA REDEVELOPMENT AGENCY 07/01/98-10/31/98 REMAINING % REVENUE SUMMARY BUDGET RECEIVED BUDGET RECEIVED PROJECT AREA NO. 2: DEBT SERVICE FUND: Tax Increment 3,517,292.00 0.00 3,517,292.00 0.00% Allocated Interest 0.00 23,933.05 (23,933.05) N/A Non Allocated Interest 0.00 250.38 (250.38) N/A Interest Advance Proceeds 539,524.00 163,174.64 376,349.36 30.24% Transfer in 338,674.00 202,749.02 135,924.98 59.87% TOTAL DEBT SERVICE 4,395,490.00 390,107.09 4,005,382.91 8.88% CAPITAL IMPROVEMENT FUND: Allocated Interest 20,000.00 22,382.71 (2,382.71) 111.91% Non Allocated Interest 10,000.00 (132,077.99) 142,077.99 -1320.78% Transfers In 0.00 0.00 0.00 N/A TOTAL CAPITAL IMPROVEMENT 30,000.00 (109,695.28) 139,695.28 -365.65% LOW/MODERATE TAX FUND: Tax Increment 879,323.00 0.00 879,323.00 0.00% Allocated Interest 20,000.00 26,011.83 (6,011.83) 130.06% Transfer in 0.00 0.00 0.00 N/A TOTAL LOW/MOD TAX 899,323.00 26,011.83 873,311.17 2.89% LOW/MODERATE BOND FUND: Allocated Interest 20,000.00 0.00 20,000.00 0.00% Non Allocated Interest 0.00 17,557.28 (17,557.28) N/A Transfer in 0.00 0.00 0.00 N/A TOTAL LOW/MOD BOND 20,000.00 17,557.28 2,442.72 87.79% 071 a LA QUINTA REDEVELOPMENT AGENCY EXPENDITURE SUMMARY PROJECT AREA NO. 2: DEBT SERVICE FUND: SERVICES BOND PRINCIPAL BONDINTEREST INTEREST CITY ADVANCE PASS THROUGH PAYMENTS TRANSFERS OUT TOTAL DEBT SERVICE CAPITAL IMPROVEMENT FUND: PERSONNEL SERVICES ECONOMIC DEVELOPMENT ACTIVITY REIMBURSEMENT TO GEN FUND TRANSFERS OUT TOTAL CAPITAL IMPROVEMENT LOW/MODERATE TAX FUND: PERSONNEL SERVICES REIMBURSEMENT TO GEN FUND TRANSFERS OUT TOTAL LOW/MOD TAX LOW/MODERATE BOND FUND PERSONNEL SERVICES REIMBURSEMENT TO GEN FUND TRANSFERS OUT TOTAL LOW/MOD BOND 07/01/98-10/31198 REMAINING BUDGET EXPENDITURES ENCUMBERED BUDGET EXPENDED 68,350.00 0.00 0.00 68,350.00 0.00% 69,148.00 68,510.00 0.00 638.00 99.08% 526,033.00 219,740.91 0.00 306,292.09 41.77 % 529,524.00 163,174.64 0.00 366,349.36 30.82% 2,707,324.00 0.00 0.00 2,707,324.00 0.00% 0.00 0.00 0.00 0.00 N/A 3,900,379.00 451,425.55 0.00 3,448,953.45 11.57% 4,100.00 1,279.56 0.00 2,820.44 31.21 % 123,437.00 57,503.69 0.00 65,933.31 46.59% 1,675,000.00 0.00 0.00 1,675,000.00 0.00% 175,292.00 58,430.68 0.00 116,861.32 33.33% 2,326,628.00 100,448.24 0.00 2,226,179.76 4.32% 4,304,457.00 217,662.17 0.00 4,086,794.83 5.06% 1,950.00 524.33 0.00 1,425.67 26.89% 399,229.00 50,039.90 0.00 349,189.10 12.53% 337,863.00 112,620.96 0.00 225,242.04 33.33% 1,480,886.00 0.00 0.00 1,480,886.00 0.00% 2,219,928.00 163,185.19 0.00 2,056,742.81 7.35% 2,650.00 754.67 0.00 1,895.33 28.48% 40,423.00 10,580.32 0.00 29,842.68 26.17% 0.00 0.00 0.00 0.00 N/A 2,990,542.00 120,389.33 0.00 2,870,152.67 4.03°% 3,033,615.00 131,724.32 0.00 2,901,890.68 4.34% 079 T4,Y11 4 4 a" AGENDA CATEGORY: BUSINESS SESSION: COUNCIL/RDA MEETING DATE: December 15, 1998 CONSENT CALENDAR: ITEM TITLE: Public Hearing to consider an Agreement to sell real STUDY SESSION: property located at 51-945 Avenida Bermudas by and PUBLIC HEARING: _ between Ramon and Isabel Lopez and the Redevelopment Agency RECOMMENDATION: Approve the sale of the property located at 51-945 Avenida Bermudas to maintain an affordable housing unit in Project Area No. 1 for a price of $102,000 and authorize the Executive Director to execute the necessary documents to complete the property sale. FISCAL IMPLICATIONS: The Agreement would result in the following fiscal impacts: Resale Proceeds. The Agency will receive approximately $56,000 in cash proceeds from this transaction, and a new second trust deed of $45,940 will be placed on the property in favor of the Agency. Operation Costs. The housing unit will be rehabilitated to correct existing damage and sold as soon as possible to Ramon and Isabel Lopez who qualify as a low income household. Rehabilitation costs will not exceed $16,000. In August 1998, the Agency approved up to $20,000 to correct the damages. BACKGROUND: In April 1992, the Agency entered into a Disposition and Development Agreement ("DDA") with WES Development Company to provide affordable housing opportunities to very low, low and moderate income households on in -fill lots in the Cove area. Pursuant to the DDA, the developer constructed 15 single family homes which were sold to eligible households. In November, 1993, the property at 51-945 Avenida Bermudas was sold by the developer to Bryan and Maria Ivy, who qualified as a very low income household for a sales price of $121,000. Of this amount, the first trust deed mortgage was for $51,348 and the Agency contributed the sum of $58,022 in the form of a second trust deed. In February, 1998, the property was sold at a foreclosure sale. The Agency acquired the property to secure and maintain its long term affordability covenants and restrictions on the property. CCJH.003 07 3 Rehabilitation Costs. On August 18, 1998, the Redevelopment Agency authorized up to $20,000 of the Project Area No. 1 Low Mod Housing Fund to accomplish those items necessary of repair from the following list: exterior work including landscaping, irrigation systems, stucco repair, garage door repair, interior improvements including new carpet, drapes, vinyl floor covering, appliances, light fixtures, plumbing fixtures, utilities, and repainting the home throughout. Property Resale. The sale transaction would be structured as other Agency affordable housing projects, wherein the existing Agency -funded silent second trust deed would buy down the difference between the market sales price and an affordable first trust deed mortgage. The proposed purchasers qualify in the low income category. If the unit were sold for the market value of $102,000, the maximum first trust deed mortgage this buyer can obtain is $53,000, they would make a down payment of 3% of the purchase price, and the Agency would convert $45,940 of its existing equity in the property into a second trust deed loan. A Summary Report has been prepared for the sale and is attached. FINDINGS AND ALTERNATIVES: 1. Approve the sale of the property and authorize the Executive Director to sign the necessary documents to complete the transaction as recommended, with a closing within 30 days; or 2. Deny the request to sell this property and put the unit in the Rental Housing Program. X er y Her an CQfnmunity Development Director Attachment: 1. Summary Report CCJH.003 0 �7 • 0 SUMMARY REPORT FOR THE SALE AGREEMENT BETWEEN THE LA QUINTA REDEVELOPMENT AGENCY AND RAMON AND ISABEL LOPEZ November 24, 1998 INTRODUCTION This document is the Summary Report ("Report") for the proposed sale between the La Quinta Redevelopment Agency ("Agency") and Ramon and Isabel Lopez ("Buyer"). The purpose of the Sale Agreement ("Agreement") is to facilitate the sale by the Agency of a single-family dwelling to the Buyer. This Report has been prepared pursuant to Section 33433 of the California Health and Safety Code ("California Community Redevelopment Law") and presents the following: • A summary of the proposed transaction. • The cost of the sale to the Agency. • The estimated value of the interest to be conveyed, determined at the highest and best uses permitted by the Agency's Redevelopment Plan. • The estimated value to be conveyed, determined by the use and with the conditions, covenants, and development costs required by the Agreement. • An explanation of why the Property, pursuant to the Agreement, will assist in the elimination of blight. SUBJECT PROPERTY The Subject Property ("Property") is a 3-bedroom, 2-bath single-family dwelling located at 51-945 Avenida Bermudas within La Quinta Redevelopment Project Area No. 1. THE TRANSACTIONS PROVIDED FOR BY THE AGREEMENT The Agreement will facilitate the sale of the Property to the Buyer, who will subsequently occupy the dwelling. The sales price is $102,000, of which approximately $3,060 is the Buyer's down payment, $53,000 will be financed through the Buyer's first trust deed mortgage, and $45,940 of the Agency's equity in the Property will be converted into an affordable housing second trust deed. This second trust deed will include covenants to insure that the Property will remain affordable to a low-income family for a minimum of 30 years. 075 .1- r, i , ,_. 3 vv_ _ .!LJ laquinta\lghp\agency resale program\ave bermudas sumrptdoc The monies required to fund the Agency's second trust deed were expended in February, 1998, when the Agency purchased this unit in order to secure the existing affordability covenants. A portion of these purchase monies (approximately $56,000) will be repaid to the Agency through the Buyer's down payment and first trust deed mortgage; the remaining funds will stay in place to fund the Agency's second trust deed mortgage and closing cost contribution. This transaction also requires that the Agency expend approximately $16,000 in correcting property deficiencies. History of Property This Property was previously a part of the Agency/Stockman Development affordable housing subsidy program. In February, 1998, the Agency purchased the unit at a foreclosure sale. Including the Agency's original investment for the housing subsidy program, and the cost of the outstanding liens and rehabilitation costs, the Agency's investment is approximately $139,621 in this unit. This Property has been vacant since the Agency's February, 1998 purchase. In October, 1998, the Buyer expressed an interest in purchasing the unit. Since that time, the Buyer was approved by Countrywide Home Loans for a mortgage up to the amount of $53,000. The Buyer is a low income household. The Cost of the Instructions to the Agency To date, the Agency has a total of approximately $139,600 invested in the Property. The initial sales contract with the Buyer provided for a purchase price of $102,000. However, the housing market in the Cove has recently experienced declines in real estate values, resulting in the Property's current appraised value of $89,000 "as is". However, the sales price reflects the unit in a rehabilitated condition. Under this proposed transaction, the Agency's investment will be treated as follows: Total Agency Investment: $139,600 Buyer Down Payment $3,060 Buyer First Trust Deed Monies Paid to Agency: $53,000 Agency Affordable Housing Second Trust Deed: $45,940 Unfunded Agency Investment: $37,600 I U (6 laquinta\Ighp\agency resale program\ave bermudas sumrptdoc 2 Estimated Value of the Interest to be Conveyed, Determined at the Highest and Best Uses Permitted by the Agency's Redevelopment Plan The Redevelopment Plan for La Quinta Redevelopment Project No. 1 provides that the Property shall be used for low -density residential development. The Agency's consultant commissioned a real property appraisal to determine the Property's current market value. The appraisal, dated October 24, 1998, indicates a current fair market value of $89,000 "as is". This value coincides with other similarly sized units in the Cove. Estimated Value of the Interest to be Conveyed, Determined at the Use With the Conditions, Covenants, and Development Costs Required by the Agreement The Agreement provides that the Property will be sold at the current market value of $102,000, which reflects the adjustment for the fair market value "as is" and the actual value upon completion of the rehabilitation work. Explanation of Why the Sale of the Property Pursuant to the Agreement will Assist in the Elimination of Blieht The Agreement provides for the sale of the Property and the recordation of affordability covenants that will insure its continued affordability to a low-income household for 30 years. Thus, the transaction will insure the continued affordability of a single-family dwelling to a low- income household. 077 laquinta\lghp\agency resale program\ave bermudas sumrpt.doc