2010 04 20 RDA MinutesLA QUINTA REDEVELOPMENT AGENCY
MINUTES
APRIL 20, 2010
A regular meeting of the La Quinta Redevelopment Agency was called to
order by Chairperson Evans.
PRESENT: Agency Members Adolph, Franklin, Henderson, Sniff,
Chairperson Evans
ABSENT: None
PUBLIC COMMENT -None
CLOSED SESSION
1. Conference with Agency's real property negotiator, Douglas R. Evans,
pursuant to Government Code Section 54956.8 concerning potential
terms and conditions of acquisition and/or disposition of a portion of
525+ acres located at the southwest corner of Avenue 52 and
Jefferson Street. Property Owner/Negotiator: LRCF SR1, LLC,
formerly known as LDD SilverRock, LLC, Theodore R. Lennon, Jr.
The Redevelopment Agency recessed to Closed Session to and until the hour
of 4:00 p.m.
4:00 P.M.
The Redevelopment Agency meeting was reconvened with no decisions
being made in Closed Session which require reporting pursuant to,
Government Code Section 54957.1 (Brown Act).
PUBLIC COMMENT -None
CONFIRMATION OF AGENDA -Confirmed
APPROVAL OF MINUTES
MOTION - It was moved by Agency Members Sniff/Franklin to approve the
Redevelopment Agency Minutes of April 6, 2010 as submitted. Motion
carried unanimously.
Redevelopment Agency Minutes 2 April 20, 2010
CONSENT CALENDAR
1. APPROVAL OF DEMAND REGISTER DATED APRIL 20, 2010.
2. RECEIVE AND FILE TREASURER'S REPORT DATED FEBRUARY 28,
2010.
3. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED
FEBRUARY 28, 2010 AND THE INVESTMENT SUMMARY REPORT
FOR THE QUARTER ENDING MARCH 31, 2010.
4. APPROVAL OF AMENDMENT NO. 4 TO THE DISPOSITION AND
DEVELOPMENT AGREEMENT BY AND BETWEEN THE LA QUINTA
REDEVELOPMENT AGENCY AND LRCF SRI, LLC, FORMERLY
KNOWN AS LDD SILVERROCK, LLC, AND AUTHORIZATION FOR THE
EXECUTIVE DIRECTOR TO EXECUTE THE AMENDMENT.
5. ADOPTION OF A RESOLUTION APPROVING THE EXPENDITURE OF
FUNDS IN THE FISCAL YEAR 2010-2011 THROUGH 2014-2015
CAPITAL IMPROVEMENT PROGRAM AND MAKING CERTAIN
FINDINGS PURSUANT TO HEALTH AND SAFETY CODE SECTION
33445(a). (RESOLUTION NO. 2010-005)
MOTION - It was moved by Agency Members Sniff/Franklin to
approve the Consent Calendar as recommended and with Item No. 5
being approved by RESOLUTION NO. RA 2010-005. Motion carried
unanimously.
BUSINESS SESSION -None
STUDY SESSION -None
CHAIR AND AGENCY MEMBERS' ITEMS -None
PUBLIC HEARINGS -None
Redevelopment Agency Minutes 3 April 20, 2010
ADJOURNMENT
There being no further business, it was moved by Agency Members
Sniff/Franklin to adjourn. Motion carried unanimously.
Respect 'lly submitted,
~2~'229,~ ~'~~ti
VERONICA J. NTECINO, Secretary
City of La Quinta, California