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1999 12 07 RDAF O2 c&t,, 4 U} S y�C�M Of Redevelopment Agency Agenda CITY COUNCIL CHAMBER 78-495 Calle Tampico La Quinta, California 92253 Regular Meeting December 7. 1999 - 2:00 P.M. CALL TO ORDER a. Roll Call Beginning Res. No. RA 99-10 PUBLIC COMMENT 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 NOTE: TIME PERMITTING, THE REDEVELOPMENT AGENCY BOARD MAY CONDUCT CLOSED SESSION DISCUSSIONS DURING THE DINNER RECESS. ADDITIONALLY, PERSONS IDENTIFIED AS NEGOTIATING PARTIES WHERE THE CITY IS CONSIDERING ACQUISITION OF THEIR PROPERTY ARE NOT INVITED INTO THE CLOSED SESSION MEETING. 1. POTENTIAL ANTICIPATED LITIGATION PURSUANT TO GOVERNMENT CODE SECTION 54956.9(c) - (ONE CASE). 2. CONFERENCE WITH AGENCY'S REAL PROPERTY NEGOTIATOR, JERRY HERMAN, PURSUANT TO GOVERNMENT CODE SECTION 54956.8 CONCERNING POTENTIAL TERMS AND CONDITIONS OF ACQUISITION AND/OR DISPOSITION OF REAL PROPERTY LOCATED AT THE NORTHEAST CORNER OF EISENHOWER DRIVE AND CALLE TAMPICO. PROPERTY OWNER NEGOTIATOR, RGC. 001 3. CONFERENCE WITH AGENCY'S REAL PROPERTY NEGOTIATOR, JERRY HERMAN, PURSUANT TO GOVERNMENT CODE SECTION 54956.8 CONCERNING POTENTIAL TERMS AND CONDITIONS OF ACQUISITION AND/OR DISPOSITION OF REAL PROPERTY GENERALLY LOCATED NORTH OF AVENIDA MONTEZUMA AND EAST OF AVENIDA BERMUDAS; AND PROPERTY LOCATED SOUTHEAST OF THE INTERSECTION OF CALLE TAMPICO AND AVENIDA BERMUDAS, ASSESSOR PARCEL NUMBERS 773-076-002, 003, 004, 005, 006, 007, 010, 011, 012, 013; 773-077-013, 014; 773-078-005, 006, 007, 008, 009, 016, 017, 023; 770-121-001, 002, 003. PROPERTY OWNER/NEGOTIATORS ARE: LEWIS BROTHERS, FRANZ AND EILEEN LILLOE, LEWIS CAMPAGNA, AUDREY OSTROWSKY, DONALD AND JULIE PARKER, MARY BURNS, ROBERT AND ANGELA FRIEDMAN, SANDRA HOECH, GEORGE BERKEY AND ASSOCIATES AND THE LA QUINTA REDEVELOPMENT AGENCY. 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 16, 1999. 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 7, 1999. 2. ACCEPTANCE OF ASSESSMENT/SEWER HOOK-UP FEE SUBSIDY PROGRAM - PROJECT 99-04 AND AUTHORIZATION FOR CITY CLERK TO RECORD NOTICE OF COMPLETION. -2- 002 BUSINESS SESSION 1. CONSIDERATION OF REDEVELOPMENT AGENCY BOARD REORGANIZATION: A. SELECTION OF CHAIR B. SELECTION OF VICE CHAIR A) MINUTE ORDER ACTION. STUDY SESSION 1 . DISCUSSION OF ESTABLISHING A COMMERCIAL PROPERTY IMPROVEMENT PROGRAM FOR NON-RESIDENTIAL COMMERCIAL PROPERTIES WITHIN REDEVELOPMENT PROJECT AREA NO. 1. DEPARTMENT REPORTS - None CHAIR AND BOARD MEMBERS' ITEMS PUBLIC HEARINGS JOINT PUBLIC HEARING WITH THE LA QUINTA CITY COUNCIL 1. JOINT PUBLIC HEARING BETWEEN THE CITY COUNCIL AND REDEVELOPMENT AGENCY TO APPROVE AN AGREEMENT TO SELL REAL PROPERTY LOCATED AT 52-365 AVENIDA MARTINEZ BY AND BETWEEN MARY McCRUMB AND THE LA QUINTA REDEVELOPMENT AGENCY AND AUTHORIZATION FOR THE EXECUTIVE DIRECTOR TO EXECUTE THE NECESSARY DOCUMENTS. A) MINUTE ORDER ACTION. ADJOURNMENT -3- DECLARATION OF POSTING I, June S. Greek, Secretary of the La Quinta Redevelopment Agency, do hereby declare that the foregoing agenda for the La Quinta Redevelopment Agency meeting of December 7, 1999 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 Stater Bros., 78-630 Highway 1 1 1, on Friday, December 3, 1999. DATED: December 3, 1999 JUNE S. GREEK, 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. ME Tiht 4 4 Qu&ro COUNCIL/RDA MEETING DATE: DECEMBER 7, 1999 ITEM TITLE: Demand Register Dated December 7, 1999 RECOMMENDATION: BACKGROUND: Prepaid Warrants: 39172 - 391741 39175 - 391801 39181 - 39183 ) 39184 - 391861 39187 - 391961 Auto Mall 10141 Wire Transfers} P/R 4002 - 41481 P/R Tax Transfers; Payable Warrants: 39197 - 393111 FISCAL IMPLICATIONS: Demand of Cash - RDA Approve Demand Register Dated December 7, 1999 1 J hn Falconer, Fina ce Director 1,573.73 1,222.50 1,372.52 140,709.74 1,494.05 317,864.90 48,219.94 177,971.44 50,476.97 973,164.96 $1,714,070.75 $3,798.47 AGENDA CATEGORY: BUSINESS SESSION CONSENT CALENDAR STUDY SESSION PUBLIC HEARING CITY DEMANDS RDA DEMANDS $1,710,272.28 3,798.47 $1,714,070.75 005 CITY OF LA QUINTA AUTO MALL BANK ACCOUNT TRANSACTIONS 11/10/99 - 11/30/99 CHECK # 11/16/99 1014 STAMKO DEVELOPMENT $317,864.90 TOTAL TRANSACTIONS $317,864.90 A 2 CITY OF LA QUINTA BANK TRANSACTIONS 11/10/99 - 11/30/99 11/12/99 WIRE TRANSFER - DEFERRED COMP 11/24/99 WIRE TRANSFER - DEFERRED COMP 11/12/99 WIRE TRANSFER - PERS 11/24/99 WIRE TRANSFER - PERS 11/12/99 WIRE TRANSFER - CREDIT UNION 11/24/99 WIRE TRANSFER - CREDIT UNION TOTAL WIRE TRANSFERS OUT $4,833.49 $4,833.49 $13,452.16 $13,452.16 $5,824.32 $5,824.32 $48,219.94 ' m 3 ACCOUNTS PAYABLE - AP5005 CHECK REGISTER 4:40PM 11/30/99 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.*** 39197 11/30/99 &00941 GARY TOMAK 200.00 39198 11/30/99 &00942 WILMA AWERBUCH 80.00 39199 11/30/99 &00943 ALICIA AGUIRRE-TAPIN 72.00 39200 11/30/99 &00944 LINNEA ERICKSON 25.00 39201 11/30/99 &00945 IRIS MAGIDOFF 40.00 39202 11/30/99 &00946 BRUCE MARQUETTE 24.00 39203 11/30/99 &00947 LEONARD CLARK 40.00 39204 11/30/99 &00948 MAUREEN SKEESE 20.00 39205 11/30/99 &00949 JUDY UNDERWOOD 32.00 39206 11/30/99 &00950 OLIPHANT & WILLIAMS ASSOC 537.32 39207 11/30/99 ALC050 BOB ALCALA 53.83 39208 11/30/99 ARC050 ARCHAEOLOGICAL ADVISORY 2040.00 39209 11/30/99 ARR010 ARROW PRINTING COMPANY 436.39 39210 11/30/99 ASCO01 A & S COFFEE SERVICE 76.50 39211 11/30/99 AUT030 AUTOMATED TELECOM 823.32 39212 11/30/99 BAL150 ART BALLOY 1092.00 39213 11/30/99 BAN065 BANK OF AMERICA ESCROW 25660.36 39214 11/30/99 BLU011 BLUEPRINTER 206.38 39215 11/30/99 BNI010 B N I BUILDING NEWS 333.28 39216 11/30/99 BOY075 BOYS & GIRLS CLUB OF 7500.00 39217 11/30/99 CAD010 CADET UNIFORM SUPPLY 105.37 39218 11/30/99 CAL031 CALIF PARKS & RECREATION 30.00 39219 11/30/99 CAL035 CAL PRESERVATION FOUNDATN 100.00 39220 11/30/99 CAR100 CARDINAL PROMOTIONS 49.35 39221 11/30/99 CAR300 CARQUEST 59.75 39222 11/30/99 CAT100 CATELLUS RESIDENTIAL 15798.77 39223 11/30/99 CIT050 CITY CLERK'S ASSOC OF CAL 140.00 39224 11/30/99 COA080 COACHELLA VALLEY WATER 455.37 39225 11/30/99 COM040 COMMERCIAL LIGHTING IND 1706.29 39226 11/30/99 CON085 CONTINENTAL LEISURE SALES 7279.97 39227 11/30/99 COS050 COSTCO BUSINESS DELIVERY 957.18 39228 11/30/99 DES018 DESERT ELECTRIC SUPPLY 75.43 39229 11/30/99 DESO40 DESERT JANITOR SERVICE 4721.47 39230 11/30/99 DES051 DESERT SANDS UNIFIED SCHL 120.00 39231 11/30/99 DES060 DESERT SUN PUBLISHING CO 4580.17 39232 11/30/99 DES065 DESERT TEMPS INC 4694.80 39233 11/3.0/99 DIE020 D HERNANDEZ DBA DIEGO'S 650.00 39234 11/30/99 DOU010 DOUBLE PRINTS 1 HR PHOTO 37.63 39235 11/30/99 DRE100 DRESCO REPRODUCTION INC 167.54 39236 11/30/99 DRU100 DRUMMOND AMERICAN CORP 295.47 39237 11/30/99 EAG100 EAGLE/HOUSEHOLD BANK FSB 433.62 39238 11/30/99 EIS010 EISENHOWER IMMEDIATE CARE 465.00 39239 11/30/99 GAS010 GASCARD INC 196.36 39240 11/30/99 GER050 GERALDINES COSTUMES 107.75 39241 11/30/99 GUM050 BRAD GUMMER 1008.00 39242 11/30/99 HAR100 JOHN HARDCASTLE 750.00 39243 11/30/99 HIG050 HIGH TECH MAILING SERVICE 1751.76 ACCOUNTS PAYABLE - AP5005 CHECK REGISTER 4:40PM 11/30/99 CITY OF LA QUINTA BANK ID: DEF PAGE 2 CHECK CHECK VENDOR PAYMENT NUMBER DATE NO. NAME AMOUNT 39244 11/30/99 HIL150 HILTON FARNKOPF & 142.50 39245 11/30/99 HOA010 HUGH HOARD INC 162.04 39246 11/30/99 HOM030 HOME DEPOT 96.20 39247 11/30/99 HOP100 NANCY HOPKINS 178.50 39248 11/30/99 IMP015 IMPERIAL IRRIGATION DIST 15782.00 39249 11/30/99 INF030 INFORMATION RESOURCES 125.00 39250 11/30/99 INL200 INLAND POWER EQUIPMENT CO 282.31 39251 11/30/99 INT011 INTERNAL REVENUE SERVICE 700.00 39252 11/30/99 INT013 INTERNATIONAL CITY/COUNTY 677.93 39253 11/30/99 INT016 INTERNATIONAL INSTITUTE 95.00 39254 11/30/99 JAS100 JAS PACIFIC 5510.70 39255 11/30/99 JOB020 JOBS AVAILABLE INC 231.84 39256 11/30/99 JPRO10 JP REPROGRAPHICS 2589.82 39257 11/30/99 JUD010 JUDICIAL DATA SYSTEMS COR 100.00 39258 11/30/99 KIN050 KINKO'S 119.61 39259 11/30/99 KIN100 KINER/GOODSELL ADVERTISNG 12999.87 39260 11/30/99 KRI100 BRUCE KRIBBS CONSTRUCTION 4076.00 39261 11/30/99 LAQ030 LA QUINTA CAR WASH 43.75 39262 11/30/99 LIN050 JAMES LINDSEY 156.16 39263 11/30/99 LUB050 LUBE SHOP 25.89 39264 11/30/99 LUN050 LUNDEEN PACIFIC CORP 6157.94 39265 11/30/99 MAR040 VIC MARTIN 336.00 39266 11/30/99 MCDO10 MC DOWELL AWARDS 72.19 39267 11/30/99 MCK010 McKESSON WATER PRODUCTS 389.32 39268 11/30/99 MIR020 MIRACLE RECREATION EQUIP 609.86 39269 11/30/99 MOM100 MOM'S GAS STATION 686.60 39270 11/30/99 MUN010 MUNI FINANCIAL SERV INC 3077.29 39271 11/30/99 NAT025 NATIONAL NOTARY ASSOCIATI 34.00 39272 11/30/99 NAW010 RON NAWROCKI 2200.00 39273 11/30/99 NEX010 NEXTEL COMMUNICATIONS 2139.49 39274 11/30/99 NIC100 NICKERSON, DIERCKS & ASSC 5109.50 39275 11/30/99 PAL010 PALM SPRINGS DESERT RESRT 90756.00 39276 11/30/99 PER100 PERSONAL TOUCH MOBILE 120.00 39277 11/30/99 PIT020 PITNEY BOWES 138.92 39278 11/30/99 PLA020 THE PLANNING CENTER 243.68 39279 11/30/99 POS030 POSTAL CONNECTION OF 2.58 39280 11/30/99 POW100 POWERS AWARDS 251.11 39281 11/30/99 PRI020 THE PRINTING PLACE 296.31 39282 11/30/99 PUT100 JOE PUTRINO GENERAL CONT 470.00 39283 11/30/99 RAS020 RASA - ERIC NELSON 785.00 39284 11/30/99 RIV083 RIV CNTY INFORMATION 420.00 39285 11/30/99 RIV100 RIVERSIDE COUNTY SHERIFFS 450351.00 39286 11/30/99 RUT050 RUTAN & TUCKER 806.00 39287 11/30/99 SAL050 DAVID SALES 250.00 39288 11/30/99 SAX100 SAXON ENGINEERING SERVICE 1855.00 39289 11/30/99 SEC050 SECURITY LINK/AMERITECH 30.00 39290 11/30/99 SHAO05 SHADE STRUCTURES 826.03 39291 11/30/99 SMA010 SMART & FINAL 282.63 39292 11/30/99 SMI010 MARILYN SMITH 30.81 op ACCOUNTS PAYABLE - AP5005 CHECK REGISTER 4:40PM 11/30/99 CITY OF LA QUINTA BANK ID: DEF PAGE 3 CHECK NUMBER CHECK DATE VENDOR NO. NAME PAYMENT AMOUNT 39293 11/30/99 S00010 THE SOCO GROUP INC 85.75 39294 11/30/99 SOU007 SOUTHWEST NETWORKS, INC 5954.85 39295 11/30/99 STA045 STAN'S AUTO TECH 425.54 39296 11/30/99 STA050 STAPLES 766.17 39297 11/30/99 ST0100 STORIGHT SYSTEMS LTD 307.95 39298 11/30/99 SUN075 SUNLINE TRANSIT AGENCY 426.85 39299 11/30/99 TER100 TERRA NOVA PLANNING & 914.83 39300 11/30/99 TKDO10 T.K.D. ASSOCIATES INC 333.75 39301 11/30/99 TRIO10 TRI LAKE CONSULTANTS INC 26592.00 39302 11/30/99 TRI100 TRI STATE LAND SUVEYORS & 1175.00 39303 11/30/99 TRU010 TRULY NOLEN INC 86.00 39304 11/30/99 UNIO04 UNITED .STATES POSTAL SVC 3000.00 39305 11/30/99 USO100 US OFFICE PRODUCTS 615.24 39306 11/30/99 VAL005 VALLEY ANIMAL CLINIC 376.00 39307 11/30/99 VER050 FREDRICO VERDUGO 250.00 39308 11/30/99 WIL050 BRITT W WILSON 1089.82 39309 11/30/99 WIS020 WISE MAINTENANCE & CONST 100.00 39310 11/30/99 XER010 XEROX CORPORATION 276.18 39311 11/30/99 YEA100 E.L. 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O .� O r1 O O 025 Q U E x H lz E+ z H x ElF m z > m > m 7>> m m m 0 m 0 m a0 m m 0 m 0>> m m m 5 m 0 m 7> m > 20 Z~ D, O m m m ti N W g 4 F � F H F H - F E F F E a a Ln 0 v F O rn . lD rf O o mH O N Z r,l W F y o .n r CO .n v O 10 lD O d' O o O a ry O O O O N O m O m N N lD r O D` m o o r o w o � o � N 0 N H .y w tf o m w > w o u S> m a w r� a w CL m S w= a H a w a w M> E S E z a 3 s z z W 9a w 0 w w R a p U E lz F z a w w> m m E o E. cx m z m w m 3 W E U wo IZ-1 O H 0 > H x m � Z N n N N o, n .-1 r O r o r n r O r rn m a � xx 4 2 a a m w m a o0 w F a w m D+ m v O o o o 0 0 o 0 0 o o 0 Ln r 10 v 0 10 -r 0 m ,n n z o lD a lD o r o r v \o - m ID m o lD of 0 \D m 0 lD o n o 0 0 (V 0 0 ID U <En o 0 0 0 o a o 0 0 U Z z Z O O U n w E a¢ [mH ffi 0 0 >4O O F 4 U o z p 0 w OU H o ww 0 V) p; > O a 3 m 0 ,(1 O H 3 O a 3 aP4a 0 1I1 O H 3 O a 3 m 0 Ifl O Fa-, 3 O a 3 m 0 ,f1 O H 3 Ld ZVg C w m 3 0 N O H 3 Z O o O U a°a x 0 O w x Z O 0 O U [ooac x 0 O W X E4 Z E) x ¢o¢ W a w 0 .� 026 21 ACCOUNTS PAYABLE - AP5005 CHECK REGISTER CITY OF LA QUINTA BANK ID: DEF CHECK CHECK VENDOR NUMBER DATE NO. NAME ***NO CHECKS WERE USED FOR PRINT ALIGNMENT.*** 39187 11/29/99 ATT075 AT&T WIRELESS SERVICES 39188 11/29/99 CAL050 STATE OF CALIFORNIA 39189 11/29/99 COA005 CITY OF COACHELLA 39190 11/29/99 GTE010 GTE CALIFORNIA 39191 11/29/99 INT005 INTERNAL REVENUE SVC-ACS 39192 11/29/99 LAQ050 LA QUINTA CITY EMPLOYEES 39193 11/29/99 PAL003 PALM DESERT CHAMBER OF 39194 11/29/99 RIV040 RIV CNTY DISTRICT ATTORNY 39195 11/29/99 SUP100 SUPPORT PAYMENT CLEARING- 39196 11/29/99 UNIO05 UNITED WAY OF THE DESERT CHECK TOTAL 2:22PM 11/29/99 PAGE 1 PAYMENT AMOUNT 45.07 25.00 15.00 111.48 125.00 364.00 100.00 426.50 150.00 132.00 1,494.05 027 22 N r m D� O N n •Oy � � � � m rn z m E rn F �.F7 F �,,..77 fW Wi E E H F F F E ���77 E 0 E 0 F 0 F E -CC m O 04 P+ r O O O O p 0 0 O O 0 O 0 ' 0 0 O O 10 O O EOJ z w W O S W m 5 ` 3 q Z t > W a m y 0 1a E a E ya Fpp U 6 O .a0 i t9 Epp CJ C� J EQ a z E p 0 E pp\Fp ppnW+ Z EdO Z N 2 F C�J E .7 E �. o F E ofo F �EoJ '• F '• w m S °� .N. a 0 ��>- a Q a o � 8 a 0 w w 8 Z u 8 0 z N x " 8 O w a " 8 O w Z vui .=.1 W W a > 0 w a > m w > `N W w w .[ p > o w C > O z a > U u z z > a\4 > a\G > P\G > i s w G o ^ o ¢ a a a a w a a 4 a o O> w ca r o o m N v O "�'• m H O H z O 2 z � a �t m m x o0 w w ID m p O O N D• N �p r� �D w ID 10 O 00 O 0 0 O O O O 0 O 0 0 O o p O Z .It � N r m ID r Vt e-1 N ID � e1 ID m N N N CJ O n lD �D N N N N N N O O 0 O O � 0 0 00 0 u ey O o 0 o 0 0 0 0 0 0 Cl) u a W N 0 0 y� a O F z H a2 w W v > � Cr a m a F til U o W pW Ln � zR. a 5 W W gl Q U U ru i F W E. 0 cC V% a u U u O w 0 0 z N ci w w N o Fi. a 4 a z a S o w p a a a a a a a d U U U U z o o y u a O o W a a w a 0 o 'a a F H N N u F F H H DODO Z H Od r•C a a i 4 a s ^ '"' CK W 0 o o 0 E H In o 0 O 0 0 0 0 F F F F 0 0 2 "' 0 4 o .07 W 0 > `. a a oZ N o /,� 4 v rt U Q U U U' u U' u ri a a4 23 ACCOUNTS PAYABLE - AP5005 CHECK REGISTER CITY OF LA QUINTA BANK ID: DEF CHECK CHECK VENDOR NUMBER DATE NO. NAME ***NO CHECKS WERE USED FOR PRINT ALIGNMENT.*** 39184 11/19/99 CEN050 CENTURY CROWELL 39185 11/19/99 COA080 COACHELLA VALLEY WATER 39186 11/19/99 GRE100 JUNE S GREEK CHECK TOTAL 2:25PM 11/19/99 PAGE 1 PAYMENT AMOUNT 125584.39 14493.35 632.00 140,709.74 029 24 0 .-I N n O , l0 H F F H H rn o o m o D N N m r'1 r N 10 l0 10 C, n O 0 F N 4co m ui d (En 0 E H Z F [Q > vi m a o � n o o , El > > �a 3 3 3 3 EE m m m m > O > O 0 O 0 O > > > r > a n 10 m Ill w ul ,O w w If1 ,O w ,[1 O U x w 3 a w 3 a w 3 a w 3 a w w w w U .Q7 > a a a a a r7 a c7 w 0 �ww a m 0 0 0 m 0 0 m 0 0 � m 0 O -+ 030 W o000 U U U U U 0 25 ACCOUNTS PAYABLE - AP5005 CHECK REGISTER 09:31AM 11/16/99 CITY OF LA QUINTA BANK ID: DEF PAGE 1 CHECK CHECK VENDOR NUMBER DATE NO. NAME ***NO CHECKS WERE USED FOR PRINT ALIGNMENT.*** 39181 11/16/99 CAL040 CALIFORNIA VISION SERVICE 39182 11/16/99 ELRO10 EL RANCHITO 39183 11/16/99 NAT025 NATIONAL NOTARY ASSOCIATI CHECK TOTAL PAYMENT AMOUNT 1105.45 238.46 28.61 1,372.52 n 31- 26 F, 0 F Z On U � U w F S 4 � a O E. o z E+ z^ � X d Z O F E I ui m m O N N V d lD � m m p ti r4 ra N y�y O P4 z Z E pEp .O.77 pEO z ❑ m a po ' a a z o r o in > > > > u z 0 0 -r rn O O O O 0 0 0 0 0 0 r O N ID r 0 0 0 O O O 1U+ Q a v w o co z to a o r > o a F z N N U O H W z U 0 0 O O 0 N O �u a a w z l� s 032 27 ACCOUNTS PAYABLE - AP5005 CHECK REGISTER CITY OF LA QUINTA BANK ID: DEF CHECK CHECK VENDOR NUMBER DATE NO. NAME ***NO CHECKS WERE USED FOR PRINT ALIGNMENT.*** 39175 11/10/99 CAL050 STATE OF CALIFORNIA 39176 11/10/99 INT005 INTERNAL REVENUE SVC-ACS 39177 11/10/99 LAQ050 LA QUINTA CITY EMPLOYEES 39178 11/10/99 RIV040 RIV CNTY DISTRICT ATTORNY 39179 11/10/99 SUP100 SUPPORT PAYMENT CLEARING- 39180 11/10/99 UNIO05 UNITED WAY OF THE DESERT CHECK TOTAL 1:45PM 11/10/99 PAGE 1 PAYMENT AMOUNT 25.00 125.00 364.00 426.50 150.00 132.00 1,222.50 '•1 N r'1 V 111 40 6 a, \ O ,y V ON O+ Ol mO, ON am m rn m m m m rn m m rn o F E ¢ E E E F E a a m N O O y in ry l0 ID O N a`'a p O O O O O �n vl in m v ❑ 'D a o cv H a a 3 m m W vi m ❑ zd �a W 7d a 7a' a oa a a a E a "� of ." m m m m i m •" H In m o m g N g N o ❑ S x ❑ - ❑ ❑ ❑ ❑ ❑ ❑ N y w w w w w w w m> m> m> m> a> m> m ❑ \ a a a a a a w w � o m w z z E H 'mH H m z ❑ r4 a z a t m w m m o w pG O O O O O O w o 0 0 0 0 0 CQ o 0 0 0 0 0 y N N N N N N N N N N N N [� y O O O O O O O O O O O O O O O O O O O O U U .� .� H '+ H .•+ >yy. U W a Z W a >4 m m a a > ° ❑ cn p w H F Ln y H w F E O m ❑ a El a n`� o a a z m A r o+ w w o u 0 a a t o Elrat> y a cl z�] ai H a -� m V1 z O �y p 9 p n O O O u Lr)o � o 0 OU O O O O E .7 F °' ZD z .>. a a w 034 29 ACCOUNTS PAYABLE - AP5005 CHECK REGISTER 10:28AM 11/09/99 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.*** 39172 11/09/99 GTE010 GTE CALIFORNIA 39173 11/09/99 LEA015 LEAGUE OF CALIF CITIES 39174 11/09/99 RIV102 RIVERSIDE COUNTY SHERIFF CHECK TOTAL 93.73 280.00 1200.00 1,573.73 035 30 O •ze O� O� O H r W W H E'' E W m F v m v o po 00 rn rn m o -� E z N '_' m N m o M t+t N ry Q O. O O r O O r O o 0 T I-y m E N O N U O � S � � N t•1 r Q El z O xa a > a W a 0 g M U Z a > W p a >El F > z o a t4 W w H o a m o o W n ry r ? > r O N z F-I 0 Z i0 r r H O Q x z a d W m a � O O w F p n 00 Op a W o m w o %o ID p o r r n I r O O N O ID z O l0 'O ID N 0 f 0 O 00 0 .-1 V V' N U 'i '-I •-1 111 U '-I O O O r w w w a E O 11 U m y W H U) ~ 'Faj-1 1'j�'j1 zHy z a PL O d W W F-1 O .7 z W H V] U U a a o W W W w d a 0 E. H x m a z o 0 0 No o 0 0 0 0 a ua a ' s 31 A/P - AP6002 CHECKS TO BE VOIDED 09:44AM 11/19/99 CITY OF LA QUINTA BANK ID: DEF PAGE 1 CHECK BK INVOICE VENDOR VENDOR INVOICE NUMBER ID DATE AMT. PAID NUMBER NAME DESCRIPTION 39064 DEF 09/25/99 1340.00 ARC050 ARCHAEOLOGICAL ADVISORY ARCHEO INVEST REPORT 39064 DEF 10/23/99 436.39 ARC050 ARCHAEOLOGICAL ADVISORY PERMIT APPLICATION FORMS TOTAL VOIDED 1,776.39 037 3z 7.. Tit!t 4 atA Q" COUNCIL/RDA MEETING DATE: December 7, 1999 Acceptance of Assessment/Sewer Hook -Up Fee Subsidy Program - Project 99-04 and Authorization for City Clerk to Record Notice of Completion AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: 0 — STUDY SESSION: PUBLIC HEARING: Accept Project 99-04 and instruct the City Clerk to file a Notice of Completion with the County Recorder. FISCAL IMPLICATIONS: None. All work for Project 99-04 (Low -Mod Sewer Hook Up) has been completed in accordance with the specifications. All work has been completed to specifications. There is no alternative but to accept the project. Respectfully submitted, �d'. Tom Hartung, Build ng and Safety Director Approved for submission by: l Thomas P. Genovese, City Manager 1 T4'lvl 44Q" AGENDA CATEGORY: BUSINESS SESSION: COUNCIL/RDA MEETING DATE: December 7, 1999 CONSENT CALENDAR: ITEM TITLE: Consideration of Redevelopment Agency Board Reorganization a. Selection of Chair b. Selection of Vice Chair RECOMMENDATION: STUDY SESSION: PUBLIC HEARING: Approve the selection of a Chair and Vice Chair for the Redevelopment Agency Board. FISCAL IMPLICATIONS: None BACKGROUND AND OVERVIEW: Each year at this time, the Board of Directors of the Redevelopment Agency reorganizes, selecting a Chair and Vice Chair for the upcoming year. Attachment 1 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 Tern for the prior year becomes the Chair and in the event that the Prior Mayor Pro Tern is no longer a member of the Council or has been elected or appointed to the position of Mayor, the Board Member who is most senior, but not acting currently as the Mayor Pro Tem, shall become the Chair. In the event 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 the Board Members who are not serving as Mayor or Mayor Pro Tern of the City or Chair of the Redevelopment Agency. 039 FINDINGS AND ALTERNATIVES: 1. Approve the selection of a Chair and Vice Chair for the Redevelopment Agency Board; or 2. Provide staff with alternative direction. Respectfully submitted, J reek, CMC/AAE City Clerk Approved for submission by: Thomas P. Genovese, City Manager Attachments: 1. RDA Resolution 94-1 041, 00000' ATTACHMENT 1 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 McCartney, Perkins, Sniff, Vice Chairman Bangerter NOES: None ABSTAIN: None ABSENT: Chairman Pena GLENDA L. BANGERTER, La Quinta Redevelopment A SAUNDRA L. JUHOLA, Secretary La Quinta Redevelopment Agency APROVED AS TO FORM: STMOLING, YOCCA, CARLSON & RAUTH Agency Legal Counsel Chairman 041 004 RESOLUTION NO. RA 94-1 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 off icio positions acting as its staff shall be an Executive Director, Secretary to the Board and Treasurer. 1 043 005 N RESOLUTION NO. RA 94-1 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 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 0 4.4 E RESOLUTION NO. RA 94-1 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 3 045 007 RESOLUTION NO. RA 94-1 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 Boara 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 4 046 008 RESOLUTION NO. RA 94-1 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. ARTICLE II - MEETINGS Section 3.01. 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. 5 047 009 ,, RESOLUTION NO. RA 94-1 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, 6 04-3 010 RESOLUTION NO. RA 94-1 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. ARTICLE IV - PUBLIC NOTICE Section 4.01. 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. 7 049 0111 T-it!t 4 4 Q" COUNCIL/RDA MEETING DATE: December 7, 1999 AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: ITEM TITLE: STUDY SESSION: Discussion of Establishing a Commercial Property PUBLIC HEARING: Improvement Program for Non -Residential Commercial Properties Within Redevelopment Project Area No. 1 RECOMMENDATION: Discuss parameters for establishing and implementing the Commercial Property Improvement Program and provide staff with direction. FISCAL IMPLICATIONS: As proposed, commencing July 2000, anticipated total annual program costs should not exceed $125,000; $100,000 in the direct grant costs, and $25,000 in support costs. The proposed funding would be a combination of Project No. 1 tax increment revenue and General Fund revenue. BACKGROUND AND OVERVIEW: The Fiscal Year 1999-2000 City Economic Development Plan included an "activity" to analyze the potential of a rehabilitation loan program for commercial and office properties in the Village. Discussions with property owners indicate that financial assistance with building improvements may facilitate new business formation and expansion. The proposed Commercial Property Improvement Program is intended to facilitate this objective (Attachment 1). The draft Program, as currently conceived, is forwarded as a grant program so as to be more attractive to property owners. Under the proposed Program, exterior improvement grants of up to $10,000 would be available to eligible tenants and business/commercial property owners in Redevelopment Agency Project No. 1; each Program participant would be required to provide a 10% match of the grant. Eligible costs include exterior facade improvements, site improvements, and demolition. Staff proposes that the City's Architecture and Landscape Review Committee review and approve all proposed improvements. This would require amending the ordinance that established the Committee. 050 The proposed annual funding of $125,000 would be underwritten through a combination of Project No. 1 tax increment revenue and City General Funds. Of the total costs, direct improvement grants would encumber $100,000 of this amount, with the remaining expenses related to staff time and materials. Staff is seeking comment from the City Council on the Program proposal. Respectfully submitted, Mark Weiss, Assistant City Manager Approved for submission by: r Thomas P. Genovese, City Manager Attachment: Draft La Quinta Redevelopment Agency Commercial Property Improvement Program 0'5 1 AZU1111 ATTACHMENT 1 PURPOSE In order to encourage and assist businesses with enhancing the economic and aesthetic potential of their property, the La Quinta Redevelopment Agency (Agency) is establishing a Commercial Property Improvement Program (Program). Program objectives include: The rehabilitation of commercial structures to enhance aesthetics, restore historic features, and extend a building's economic life; and Offsetting building improvement costs to facilitate new and expanding business enterprises. Grants of up to $10,000 may be available to eligible tenants and business/commercial property owners. These grants may fund building improvements including new facades, signs, painting, lighting, parking, and landscaping. ELIGIBILITY REQUIREMENTS Owners and tenants of non-residential commercial property within Redevelopment Project Area No. 1 are eligible to apply (see the attached map for the boundaries of Project Area No. 1). If the applicant is a tenant, the property owner must provide written authorization for Program participation. ELIGIBLE PROJECT COSTS Grants may fund engineering and architectural design expenses, permits and fees, and exterior improvement construction costs. Eligible construction elements include: Exterior Facade Improvements — Reconstruction or removal and replacement of signs, awnings/canopies, exterior wall finishes, doors and windows, and decorative roof treatments to the entrance and visible sides of the building. Removal of old, obsolete, and non -conforming signs is required. Site Improvements — Reconstruction and/or expansion of parking lots, sidewalks, landscaping and irrigation systems, exterior lighting and other improvements that enhance the general appearance of the property. Demolition — Removal of structurally unsound or non -conforming structures. 053 AWIfacprog.doc ON DRAFT Other Improvements - Electrical and plumbing system upgrades may also qualify when directly associated with facade improvements. The eligibility of other capital improvements will be examined on a case -by -case basis. A licensed contractor must perform all work. All applicable permits must be obtained as well as a City business license. DESIGN GUIDELINES Design guidelines for facade improvements may include: • Enhancing the original features of the building, including significant architectural details; • Incorporating colors that complement neighboring buildings, • Utilizing materials suitable to the building style; • Providing exterior accent features to enhance appearance; • Using appropriate and creative signage, landscaping, and lighting; and • Increasing and/or opening up window areas to expose interiors. Additionally, properties within the Village of La Quinta are encouraged to incorporate the design elements presented in the Village Design Guidelines. AVAILABLE FINANCIAL ASSISTANCE Program funding will be provided by Agency generated tax increment and City general funds. Commencing July 2000, the Agency anticipates allocating $100,000. Applicants will be approved on a first -come, first -served basis, with the degree of financial assistance determined by the Agency. All approved grants will require a 10% funding match by the applicant. A maximum of $10,000 will be allocated to any one property in a given fiscal year. Approved grant funds may be used to reimburse an applicant for up to $1,000 architectural service fees. Subsequent architectural expenses may be matched dollar for dollar. However, all architectural service costs will be the applicant's responsibility if the improvements are not constructed per the approved grant. PROGRAM PROCEDURES 1. The applicant will obtain an application and Program description from the Agency. 2. The applicant will submit a completed application along with a site plan and current photos of the subject property. 0,54 AAVilfacprog.doc 005 DRAFT 3. Agency staff will meet with the applicant to discuss Program requirements as they pertain to their specific needs. 4. An architect will prepare improvement sketches and preliminary cost estimates; the sketches should identify materials, colors and other improvement recommendations. 5. The City's Architecture and Landscape Review Committee will review and approve proposed improvements. 6. The applicant will obtain three (3) contract bids. 7. The applicant submits bids and proof(s) of contractor insurance. 8. Agency staff will review improvement bids and insurance. 9. The Agency and applicant will execute a Building Improvement Rebate Agreement outlining the work to be done. No work will be done (other than the initial design sketches) until the applicant and Agency receives the executed Rebate Agreement. 10. The applicant is responsible for project implementation. Construction must start within three (3) months and be completed within one year after the execution of the Rebate Agreement. 11. Upon construction completion, applicant submits photos of finished project and evidence of payment to contractor(s). Agency staff then visits the site to certify project completion. 12. The applicant receives the agreed upon funding once the Agency grants written certification. ("51 Milfacprog.doc 006 "Noi THE DESERT GENERALPLAN REDEVELOPMENT AREA * 1 ROB REDEVELOPMENT AREA s 2 �r ® K.v..a mAreranlAna 2NOAEE/W10 weiwceWae R 921W. W0 2700 K CENTRE WAIF woo pHopM A A 4 05� 007 • COUNCIL/RDA MEETING DATE: December 7, 1999 Joint Public Hearing Between the City Council and Redevelopment Agency to Approve an Agreement to Sell Real Property Located at 52-365 Avenida Martinez by and Between Mary McCrumb and the La Quinta Redevelopment Agency and Authorization for the Executive Director to Execute the Necessary Documents RECOMMENDATION: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: Approve the sale of the Agency property located at 52-365 Avenida Martinez to maintain an affordable housing unit in Project Area No. 1 for a purchase price of $85,000 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 $53,200 in cash proceeds from this transaction generated by the new mortgage loan and down payment less closing costs. A new second trust deed of $27,450 will be placed on the property in favor of the Agency. Property Rehabilitation Costs. None. All property rehabilitation costs have been funded by rent revenue. BACKGROUND: In August, 1995, the Agency acquired 50 single family homes as a result of the bankruptcy of Coachella Valley Land to protect the Agency's investment in the homes, to prevent a pending foreclosure action, and to maintain the units as very low income rental units. The Agency cost to acquire the 50 housing units averaged $86,500 per unit. On February 17, 1998, the Agency authorized the sale of up to two (2) units per year and directed staff to first make the units available to the existing tenants and then to other eligible very low income households. Because many of the tenants are now CAMy Documents\WPDOCS\ccjh-property sale CC.wpd C 57 receiving work training as a requirement of their state and county assistance, their economic situation is improving. The proposed sale is the second unit to be sold to an existing tenant. Property Resale. The sale transaction would be structured as other Agency affordable housing projects, wherein the existing Agency -funded silent second trust deed would cover the difference between the market sales price and an affordable first trust deed mortgage. The proposed purchaser qualifies in the very low income category. If the Agency authorizes the sale of this unit for the appraised value of $85,000, the buyer will make a down payment of 3% of the purchase price and obtain a $55,000 mortgage (the maximum loan they can obtain). The Agency would convert $27,450 of its existing equity in the property into a second trust deed loan. A Summary Report which was prepared pursuant to California Community Redevelopment Law details the costs associated with the sale of the property (Attachment 1). Prior to the sale, this unit will have been substantially rehabilitated and therefore, can be counted toward the Agency's inclusionary housing requirement. FINDINGS AND ALTERNATIVES: The alternatives available to the Redevelopment Agency include: 1 . Approve the sale of the Agency property located at 52-365 Avenida Martinez to maintain an affordable housing unit in Project Area No. 1 for a purchase price of $85,000 and authorize the Executive Director to execute the necessary documents to complete the property sale; or 2. Do not approve the sale of the Agency property located at 52-365 Avenida Martinez for a purchase price of $85,000, nor the authorization for the Executive Director to execute the necessary documents to complete the sale; or 3. Provide staff with alternative direction. Respectfully/submitted, -ry Horman mmunity Development Director Approved for submission y: Thomas P. Genovese, Executive Director Attachments: 1. Summary Report a53 CAMv Documents\WPDOCS\ccih-r)ror)ertv sale CC.wpd ATTACHMENT 1 SUMMARY REPORT FOR THE PROPOSED SALE AGREEMENT BETWEEN THE LA QUINTA REDEVELOPMENT AGENCY AND MARY MC CRUMB December 7,1999 INTRODUCTION This document is the Summary Report ("Report") for the proposed sale between the La Quinta Redevelopment Agency ("Agency") and Mary McCrumb (`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 sale, 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 52-365 Avenida Martinez 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 $85,000, comprised of approximately $2,550 in the Buyer's down payment, $55,000 Will be financed through the Buyer's first trust deed mortgage, and $27,450 of the Agency's equity in the Property will be converted into an affordable housing second trust deed loan. This second trust deed will include covenants to insure that the Property will remain affordable to a very low-income family for a minimum of 30 years. The monies required to fund the Agency's second trust deed were expended in August, 1995, when the Agency purchased this unit in order to secure its investment in the unit through an Affordable Housing Agreement with Coachella Valley Land. A portion of these purchase monies will be repaid 060 CAMy Documents\WPDOCS\ccrpt52-365 martinez summary report.doc 000DUI 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. The Agency will receive approximately $53,200 from this transaction. History of PropeM This Property is currently a part of the Agency Rental Property Purchase Program. In May, 1998, the Agency offered this property to the tenant for purchase and the Buyer subsequently expressed an interest in purchasing the unit. Since that time, the Buyer has been approved by First Pacific Financial for a mortgage up to the amount of $55,000. The Buyer is a very low income household. The Cost of the Sale to the Agency The Agency will have a total of approximately $107,750 invested in its ownership of the Property through its cost to purchase the unit and to remedy deferred maintenance items which existed at the time of purchase. The sales contract with the Buyer provides for a purchase price of $85,000. Under this proposed transaction, the Agency's investment will be treated as follows: Agency Purchase Price: $ 86,500 Total Cost to Qualify Unit as Substantially Rehabilitated (funded from rent revenue): 21.250 Total Agency Investment: $107,750 Buyer Down Payment: $2,550 Buyer First Trust Deed Monies Paid to Agency: $55,000 Agency Affordable Housing Second Trust Deed: $27,450 Unfunded Agency Investment: $0 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 current market value of a typical Agency -owned rental property. The appraisal, dated April 13, 1999, indicated a current fair market value of $85,000. The Agency -owned rental unit sold in August, 1999 was also appraised at a market value of $85,000. 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 $85,000, which reflects the fair market value.. 061 CAMy Documents\WPDOCS\ccrpt52-365•martinez summary report.doc 000005 Explanation of Why the Sale of the Property Pursuant to the Agreement will Assist in the Elimination of Blight The Agreement provides for the sale of the Property and the recordation of affordability covenants that will insure its continued affordability to a very low-income household for 30 years. Thus, the transaction will insure the continued affordability of a single-family dwelling to a very low-income household. 0.6? C:\My Documents\WPDOCS\ccrpt52-365 martinez summary report.doc 000006 OO. +06