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2009 06 16 RDA MinutesLA QUINTA REDEVELOPMENT AGENCY MINUTES JUNE 16, 2009 City Clerk Montecino announced that the regular meeting of the La Quinta Redevelopment Agency would not be called to order until the hour of 4:00 p.m. due to lack of quorum. A regular meeting of the La Quinta Redevelopment Agency was called to order by Chairperson Franklin. PRESENT: Agency Members Adolph, Evans, Henderson, Sniff, Chairman Franklin ABSENT: None PUBLIC COMMENT -None CLOSED SESSION -None CONFIRMATION OF AGENDA -Confirmed APPROVAL OF MINUTES MOTION - It was moved by Agency Members Sniff/Henderson to approve the Redevelopment Agency Minutes of June 2, 2009, as submitted. IVlotion carried unanimously. MOTION - It was moved by Agency Members Sniff/Evans to approve the Special Redevelopment Agency Meeting Minutes of June 9, 2009, as submitted. Motion carried unanimously. CONSENT CALENDAR 1. APPROVAL OF DEMAND REGISTER DATED JUNE 16, 2009. 2. RECEIVE AND FILE TREASURER'S REPORT DATED APRIL 30, 2009. 3. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT IDATED APRIL 30, 2009. Redevelopment Agency Minutes 2 June 16, 2009 4. APPROVAL OF AMENDED AGREEMENT FOR LEGAL SERVICES WITH RUTAN & TUCKER, LLP. 5. ADOPTION OF A RESOLUTION ADOPTING THE INVESTMENT POLICY OF THE CITY OF LA QUINTA FOR FISCAL YEAR 2009/2010. (RESOLUTION NO. RA 2009-003) MOTION - It was moved by Agency Members Adolph/Sniff to approve the Consent Calendar as recommended and with Item No. 5 being approved by RESOLUTION NO. RA 2009-003. Motion carried unanimously. BUSINESS SESSION 1. CONSIDERATION OF 2009 LA QUINTA MARKET STUDY. Economic Development Project Manager Powell presented the staff report. In response to Agency Member Adolph, Economic Development Project Manager Powell explained the Board's direction would be to conduct the market study. Assistant City Manager -Development Services Evans further explained some of the information can be obtained from other sources; and stated staff has given an opportunity for the Agency to defer this matter until the market stabilizes. Agency Member Adolph stated in looking at areas such as Highway 111, there is not much open space available within our jurisdiction. Assistant City Manager -Development Services Evans noted there are pads available, and a market study could provide data so business owners could look at how they are marketing their businesses. Staff is unsure if anything new can be learned that is not going to change rapidly and result in an out-of-date report. Agency Member Henderson stated she recalls the Council's discussion on this matter six months ago being almost identical; stated when the time is right we need to get back on track and recommended this item be brought back in six months. Agency Member Evans agreed with postponing this 'item for six months. Redevelopment Agency Minutes 3 June 1 (:i, 2009 Agency Member Sniff agreed and suggested bringing this item back at the first meeting in October 2009. The Agency Board concurred to bring this item back at the Octot~er 6, 2009 meeting. STUDY SESSION -None CHAIR AND AGENCY MEMBERS' ITEMS -None PUBLIC HEARINGS -None ADJOURNMENT There being no further business, it was moved by Agency Members Sniff/Evans to adjourn. Motion carried unanimously. Respec fully submitted, i ` /~~'/~ VERONICA J ONTECINO, City of La ~nta, California