2009 10 20 RDARedevelopment Agency agendas are
available on the City' web page
@ www.la-quinta.org
REDEVELOPMENT AGENCY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, OCTOBER 20, 2009
3:00 P.M. Closed Session / 4:00 P.M. Open Session
Beginning Resolution No. RA 2009-009
CALL TO ORDER
Roll Call:
Agency Board Members: Adolph, Evans, Henderson, Sniff, Chairperson Franklin
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 REAL PROPERTY LOCATED SOUTHEAST OF THE
MILES AVENUE AND WASHINGTON STREET INTERSECTION AND NORTH
OF THE WHITEWATER STORM CHANNEL. PROPERTY OWNER/
NEGOTIATOR: DOLPHIN LA QUINTA, LLC, KEVIN S. PITTS.
Redevelopment Agency Agenda 1 October 20, 2009
2. CONFERENCE WITH AGENCY'S REAL PROPERTY NEGOTIATOR, DOUGLAS
R. EVANS, PURSUANT TO GOVERNMENT CODE SECTION 54956.8
CONCERNING TERMS AND CONDITIONS OF ACQUISITION AND/OR
DISPOSITION OF REAL PROPERTY LOCATED UNDER THE COACHELLA
CANAL LOCATED WEST OF JEFFERSON STREET, SOUTH OF AVENUE 52,
AND NORTH OF AVENUE 54, WHICH INCLUDES APNs AND PROPERTY
OWNERS/NEGOTIATORS: 777-490-023, AND -024 AND 777-060-008
COACHELLA VALLEY WATER DISTRICT, STEVE ROBBINS; BUREAU OF
RECLAMATION, MICHAEL L. CONNOR, ROSS H. LEE AND HAZEL H. LEE;
ROSS A. LEE AND LORETTA M. LEE,• UNITED STATES OF AMERICA;
LANDMARK LAND COMPANY OF CALIFORNIA, GERALD G. BARTON, AND
PUBLIX TITLE COMPANY,• AND PROPERTY LOCATED IN THE SAME
VICINITY AS DESCRIBED ABOVE WHICH INCLUDES APNs AND PROPERTY
OWNER/NEGOTIATOR: 777-490-017, 777-490-005, 777-060-063, 777-
060-059, 777-060-062, AND 777-060-005,
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 OCTOBER 6, 2009.
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 20, 2009.
Redevelopment Agency Agenda 2 October 20, 2009
2. RECEIVE AND FILE TREASURER'S REPORT DATED AUGUST 31, 2009.
3. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED AUGUST
31, 2009, AND INVESTMENT SUMMARY REPORT FOR THE QUARTER
ENDING SEPTEMBER 30, 2009.
BUSINESS SESSION - NONE
STUDY SESSION — NONE
CHAIR AND BOARD MEMBERS' ITEMS — NONE
PUBLIC HEARINGS — NONE
ADJOURNMENT
The next regular meeting of the Redevelopment Agency will be held on November
3, 2009, 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
20, 2009, 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 16, 2009.
DATED/October 16, 2009
VERONICA 4/MONTECINO, 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.
Redevelopment Agency Agenda 3 October 20, 2009
c&y� 4 4 Q"
AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: October 20, 2009 BUSINESS SESSION
ITEM TITLE: Demand Register Dated CONSENT CALENDAR /
October 20, 2009
STUDY SESSION
PUBLIC HEARING
RECOMMENDATION:
It is recommended the Redevelopment Agency Board:
Receive and File the Demand Register Dated
October 20, 2009 of which $1,231,787.33
represents Redevelopment Agency Expenditures
PLEASE SEE CONSENT CALENDAR ITEM NUMBER 1 ON CITY COUNCIL AGENDA
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AGENDA CATEGORY:
COUNCIURDA MEETING DATE: October 20, 2009 BUSINESS SESSION:
ITEM TITLE:
Receive and File Transmittal of Treasurer's Report
as of August 31, 2009
RECOMMENDATION:
It is recommended the La Quinta Redevelopment Agency:
CONSENT CALENDAR: IV_
STUDY SESSION:
PUBLIC HEARING:
Receive and File the Treasurer's Report dated August 31, 2009.
PLEASE SEE BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
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COUNCIURDA MEETING DATE: October 20, 2009
ITEM TITLE: Receive and File Transmittal of Revenue
and Expenditure Report dated August 31, 2009 and
Investment Summary Report for the Quarter Ending
September 30, 2009
RECOMMENDATION:
Receive and File.
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
AGENDA CATEGORY:
BUSINESS SESSION: _
CONSENT CALENDAR: 13
STUDY SESSION:
PUBLIC HEARING:
Receive and File Transmittal of the August 31, 2009 Statement of Revenue and
Expenditures for the La Quinta Redevelopment Agency and Investment Summary
Report for the Quarter Ending September 30, 2009.
Respectfully submitted,
aJohn M. Falconer, Finance Director
Approved for submission by:
!Thomas P. Genovese, Executive Director
Attachments: 1. Revenue and Expenditures Report, August 31, 2009
2. Investment Summary Report for the Quarter Ending September
30, 2009
E
H 1 1 F1Vf11V1CIY s 1
LA OUINTA REDEVELOPMENT AGENCY
REVENUE SUMMARY
PROJECT AREA NO. 2:
LOWIMODERATE TAX FUND:
Tax Increment
Allocated Interest
Non Allocated Interest
Wash St Apts Interest Income
WSA Fed Govt Assistance Pymts
WSA Fed Govt Interest Rate Subsidy
Developer funding
Wash St Apts Rental Income
Wash St Apts Other Revenues
2nd Trust Deed Repayment
ERAF Shift- Interest
Sale of Land
Transferin
TOTAL LOWIMOD TAX
AERATE BOND FUND:
Allocated Interest
Home Sale Proceeds
Non Allocated Interest
Transferin
TOTAL LOWIMOD BOND
DEBT SERVICE FUND:
Tax Increment
Allocated Interest
Non Allocated Interest
Interest Advance Proceeds
Transfer In
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT FUND:
Allocated Interest
Non Allocated Interest
Misc Revenue
Sale of land
Transfers In
TOTAL CAPITAL IMPROVEMENT
07/01/2009 - 08/31/2009
ADJUSTED REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
5,668,000.00
0.00
5,668,000.00
0.000%
168,100.00
0.00
168.100.00
0.000%
0,00
0.00
0.00
0.000%
3,600.00
641,15
2,958.85
17.810%
451,400.00
73,99Z00
377,403,00
16.390%
46,800.00
0.00
46.800.00
0.000%
0.00
0.00
0.00
0.000%
163,300.00
28.870.12
134,429.88
17.680%
4,200.00
1,163,38
3,036.62
27,700%
0,00
23,444,00
(23.444,00)
0.000%
0,00
0.00
0.00
0,000%
0.00
0,00
0.00
0.000%
0.00
0.00
0.00
0,000%
6,505,400.00
128,115,65
6,377.284,35
1.970%
0.00
0.00
0,00
0.000%
0.00
0.00
0.00
0.000%
17.500.00
3,396.00
14,104.00
19,410%
0.00
0.00
0.00
0.000%
17,500.00
3.396.00
14,104.00
19.410%
22,671,800.00
0.00
22,671,800.00
0.000%
140.000,00
0.00
140,000.00
0,000%
0.00
0.00
0,00
0.000%
0.00
0.00
0.00
0.000%
1,951,399.00
0,00
1.951,399.00
0.000%
24,763,199.00
0.00
24,763,199,00
0.000%
41,400,00
0,00
41, 400,00
0.000%
0.00
0.00
0,00
0.000%
0.00
0,00
0.00
0.000%
0.00
0.00
0.00
0.000%
0.00
0.00
0.00
0.000%
41,400.00
0.00
41.400.00
0.000%
3
LA OUINTA REDEVELOPMENT AGENCY
EXPENDITURE SUMMARY
PROJECT AREA NO 21
LOW/MODERATE TAX FUND:
20M
DEBT SERVICE FUND:
CAPITAL IMPROVEMENT FUND:
PERSONNEL
SERVICES
WASH ST APTS OTHER EXPENSES
2ND TRUST DEEDS
LOW MOD HOUSING PROJECTS
FORECLOSURE ACQUISITION
VISTA DUNES PARK
LAND ACQUISITION
WSA PRINIPROVIDENT LOAN
WSA PRIN/USDA LOAN
WSA INTEREST/PROVIDENT LOAN
WSA INTEREST/USDA LOAN
REIMBURSEMENT TO GEN FUND
TRANSFERS OUT
TOTAL LOWIMOD TAX
ADJUSTED 0710112009 - 0813112009 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
700.00
0.00
0.00
440.800.00
2,600.00
0 DO
429,30000
68,882.66
0.W
0.00
0.00
0.00
3, NO 00
0.00
0.00
250, NO 00
0,00
0.DO
0.00
000
0.00
0,00
0.00
000
25,32500
4,075.67
0.00
10,671.00
000
0.00
129, 149,00
21.67007
0,00
74,611.00
6.395.04
0,00
389,172.00
64.861.%
0.00
HOUSING PROGRAMS 956,800.00 206,000.00 0.00 750,800.00
LAND 0,00 0,00 0.00 0.00
TRANSFERS OUT 731 ]4000 (214370247) 000 287544247
TOTAL LOWIMOD BOND i,E� AUUO-jf,H'S,iVITi10a3,6
26,ZA7Ti
SERVICES
268,000.00
3,225.00
000
264,775.00
BOND PRINCIPAL
120,000,00
000
0.00
120,000,00
BOND INTEREST
299, 550.00
0,00
0.00
299,550.00
INTEREST CITY ADVANCE
1,656, 528.00
276,08800
0.00
1,380,440,00
PASS THROUGH PAYMENTS
19, 253,38100
0.00
0.00
19,253.381.00
TRANSFERS OUT
1,951399.00
000
0.00
1,951,399.00
TOTAL DEBT SERVICE_
PERSONNEL
700.00
40,00
0.00
680.00
SERVICES
250,360,00
11,169A7
0,00
239,190.53
CAPITAL
0,00
0,00
0.00
0.00
ECONOMIC DEVELOPMENT ACTIVITY
0.00
0.00
0.00
0.00
REIMBURSEMENT TO GEN FUND
53,661.00
8.943.50
0.00
44,717.50
TRANSFERS OUT
330337100
3,070.00
DW
3300301.00
TOTAL CAPITAL IMPROVEMENT
N
LA QUINTA REDEVELOPMENT AGENCY
REVENUE SUMMARY
PROJECT AREA NO. 1:
LOWIMODERATE TAX FUND:
Tax Increment
Allocated Interest
Non Allocated Interest
Miscellaneous revenue
Non Allocated Interest
LQRP-Rent Revenue
Home Sales Proceeds
Sale of Land
Sewer Subsidy Reimbursements
Rehabilitation Loan Repayments
2nd Trust Deed Repayment
Transfer In
TOTAL LOW/MOD TAX
DEBT SERVICE FUND:
Tax Increment
Allocated Interest
Non Allocated Interest
Interest - County Loan
Interest Advance Proceeds
Transfers In
TOTAL DEBT SERVICE
07/01/2009-08/31/2009
ADJUSTED REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
10.833.900.00
0.00
10.833,900.00
0.000%
68,700,00
0.00
68,700.00
0.000%
0.00
208.97
(208.97)
0.000%
0,00
(1,090.25)
1,090.25
0.000%
0.00
0.00
0.00
0.000%
225,000.00
35,017.25
189,982.75
15.560%
150.000.00
0.00
150,000,00
0.000%
0.00
0,00
0.00
0.000%
0.00
0.00
0.00
0.000%
0.00
0.00
0.00
0.000%
0.00
0.00
0.00
0.000%
0,00
0.00
0.00
0.000%
11,277,600.00
34,135.97
11,243,464.03
0.300%
43,335,700,00
0.00
43.335,700.00
0.000%
42,700.00
0,00
42,700.00
0.000%
0,00
0,00
0.00
0.000%
0.00
0.00
0,00
0.000%
0.00
0.00
0.00
0,000%
4,438,892.00
0,00
4,438,892.00
0,000%
47.817,292.00
0,00
47,817,292.00
0.000%
CAPITAL IMPROVEMENT FUND - NON-TAXABLE
Pooled Cash Allocated Interest
162,000.00
0.00
162,000.00
0.000%
Non Allocated Interest
32,500.00
6,007.00
26,493.00
18.400%
Developer Agreement Funding
0,00
0.00
0.00
0,000%
Sale of Land Proceeds
0.00
0.00
0.00
0,000%
Rental Income
0.00
0.00
0,00
0.000%
Transfers In
10,000,000.00
0.00
10,000,000.00
0,000%
TOTAL CAPITAL IMPROVEMENT
10,194,500.00
6,007.00
10.188,493,00
0.060%
b7
LA OUINTA REDEVELOPMENT AGENCY ADJUSTED 0710112009-0013112009 REMAINING
EXPENDITURE SUMMARY BUDGET EXPENDITURES ENCUMBERED BUDGET
PROJECT AREA NO 1-
LOW/MODERATE TAX FUND:
DEBT SERVICE FUND:
CAPITAL IMPROVEMENT FUND:
PERSONNEL
1, 100.00
0,00
0,00
1,100.00
SERVICES
352490.00
2,600.W
0,00
349,890. DO
BUILDING HORIZONS
0.00
0.00
0,00
000
LQ RENTAL PROGRAM
275,000.00
38,823.16
0.00
2W,176.84
2n0 TRUST DEED PROGRAM
0.00
0.00
0 w
000
BUILDING HORIZONS
250,000.00
0.00
0,00
250,000.DD
LAND ACQUISITION
000
0.D0
000
0.00
LOW MOD HOUSING PROJECTS
0,00
0,00
0.00
0.00
FORECLOSURE
750,000.00
0.W
0.00
750,000.00
REIMBURSEMENT TO GEN FUND
710,231.00
118,371.86
0,00
591,859,14
TRANSFERS OUT
4478, 892.00
0.00
0.00
4478892.00
TOTAL LOWIMOD TAX
SERVICES
508,200.00
5,51000
0.00
BOND PRINCIPAL
3,135,000.00
0,00
0.00
BOND INTEREST
7,14Q062.00
0,00
0.00
INTEREST CITY ADVANCE
1,020,000.00
170.000.00
0.00
PASS THROUGH PAYMENTS
24, 722,621.00
39Q875,25
0.00
ERAF SHIFT
0.00
0,00
0.00
TRANSFERS OUT
13.961.932,00
n00
nnn
PERSONNEL
1.100,00
0.00
0,00
1.10000
SERVICES
826,600.00
46,74944
0.00
779,850,56
LAND ACQUISITION
0.00
0,00
0.00
0.00
ASSESSMENT DISTRICT
0.00
0,00
0.00
0.00
ADVERTISING -ECONOMIC DEV
10,000.00
0.00
0.00
10,000.00
ECONOMIC DEVELOPMENT
0.00
0.00
0.00
0.00
BOND ISSUANCE COSTS
000
0.00
000
0,00
CAPITAL - BUILDING
0.00
0.00
0.00
0.00
REIMBURSEMENT TO GEN FUND
334.240.00
55,7W 68
0.W
278,53332
TRANSFERS OUT
45,956858.00
60700]3
0.W
45 895 957,27
TOTAL CAPITAL IMPROVEMENT
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ATTACHMENT 2
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