2010 09 21 RDAegr# 4 4 ad4a
Redevelopment 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, SEPTEMBER 21, 2010
3:00 P.M. Closed Session / 4:00 P.M. Open Session
Beginning Resolution No. RA 2010-010
CALL TO ORDER
Roll Call:
Agency Board Members: Adolph, Franklin, Henderson, Sniff, Chairperson Evans
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.
CONFERENCE WITH THE AGENCY'S REAL PROPERTY NEGOTIATOR,
DOUGLAS R. EVANS, PURSUANT TO GOVERNMENT CODE SECTION
54956.8 CONCERNING POTENTIAL TERMS AND CONDITIONS FOR THE
ACQUISITION AND/OR DISPOSITION OF REAL PROPERTY LOCATED
SOUTHEAST OF THE MILES AVENUE AND WASHINGTON STREET
INTERSECTION AND NORTH OF THE WHITEWATER CHANNEL. PROPERTY
Redevelopment Agency Agenda 1 September 21, 2010
OWNER/NEGOTIATOR: CP DEVELOPMENT LA QUINTA, LLC, RICHARD
OLIPHANT.
2. CONFERENCE WITH AGENCY'S LEGAL COUNSEL, PURSUANT TO
GOVERNMENT CODE SECTION 54956.9(b) CONCERNING CLAIM DATED
AUGUST 19, 2010, FILED BY G COMPANIES RELATING TO SILVERHAWK
APARTMENT HOMES.
3. 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 PROPERTIES LOCATED ON THE
NORTHWEST CORNER OF JEFFERSON STREET AND AVENUE 50. APNs/
PROPERTY OWNERS/ NEGOTIATORS: 602-180-004 AMERICAN STORES
COMPANY, ROBERT MILLER AND 602-180-001, 002, 003, 005, 006 AND
007 BLP DESERT, HERB LUNDIN.
4. CONFERENCE WITH THE AGENCY'S LEGAL COUNSEL, ANTICIPATED
LITIGATION, INITIATION OF LITIGATION PURSUANT TO GOVERNMENT
CODE SECTION 54956.91c) (ONE MATTER).
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 AUGUST 3, 2010.
Redevelopment Agency Agenda 2 September 21, 2010
CONSENT CALENDAR
NOTE: Consent Calendar items are considered to be routine in nature and will be approved
by one motion.
1. APPROVAL OF DEMAND REGISTERS DATED AUGUST 17, SEPTEMBER 7,
AND SEPTEMBER 21, 2010.
2. RECEIVE AND FILE TREASURER'S REPORTS DATED JUNE 30 AND JULY
31, 2010.
3. RECEIVE AND FILE REVENUES & EXPENDITURES REPORTS DATED JUNE
30 AND JULY 31, 2010.
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 October 5,
2010, 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.
Redevelopment Agency Agenda 3 September 21, 2010
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
September 21, 2010, 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 September 17, 2010.
VERONICAMONTECINO, 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 4 September 21, 2010
La�uwAQ.c
�CEM OF
AGENDA CATEGORY:
RDA MEETING DATE: August 17, 2010 BUSINESS SESSION
ITEM TITLE: Demand Register Dated CONSENT CALENDAR '
August 17, 2010
STUDY SESSION
PUBLIC HEARING
RECOMMENDATION:
It is recommended the Redevelopment Agency Board:
Receive and File the Demand Register Dated
August 17, 2010 of which $583,542.09
represents Redevelopment Agency Expenditures.
PLEASE SEE CONSENT CALENDAR ITEM NUMBER 1 ON CITY COUNCIL AGENDA
S
GEC OF
Qw
RDA MEETING DATE: September 7, 2010
ITEM TITLE: Demand Register Dated
September 7, 2010
RECOMMENDATION:
It is recommended the Redevelopment Agency Board:
Receive and File the Demand Register Dated
September 7, 2010 of which $13,718,381.33
represents Redevelopment Agency Expenditures.
AGENDA CATEGORY:
BUSINESS SESSION ,
CONSENT CALENDAR I
STUDY SESSION
PUBLIC HEARING
PLEASE SEE CONSENT CALENDAR ITEM NUMBER 1 ON CITY COUNCIL AGENDA
� T
F 'y
U S
TAf 4 Wei
"'mow
OF
RDA MEETING DATE: September 21, 2010
ITEM TITLE: Demand Register Dated
September 21, 2010
RECOMMENDATION:
It is recommended the Redevelopment Agency Board:
Receive and File the Demand Register Dated
September 21, 2010 of which $7,324,234.71
represents Redevelopment Agency Expenditures.
AGENDA CATEGORY:
BUSINESS SESSION
CONSENT CALENDAR
STUDY SESSION
PUBLIC HEARING
PLEASE SEE CONSENT CALENDAR ITEM NUMBER 1 ON CITY COUNCIL AGENDA
r; �L
40
F`H OF TKEO
AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: September 21, 2010 BUSINESS SESSION:
ITEM TITLE: Receive and File Transmittal of Treasurers CONSENT CALENDAR: 4
Reports as of June 30, 2010 and July 31, 2010
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
It is recommended the Redevelopment Agency Board:
Receive and file.
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
a �
-s s
`y OF
AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: September 21, 2010 BUSINESS SESSION:
ITEM TITLE: Receive and File Transmittal of Revenue CONSENT CALENDAR: 3
and Expenditure Report dated June 30, 2010 and July
31 , 2010 STUDY SESSION: _
PUBLIC HEARING:
RECOMMENDATION:
Receive and File
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
Receive and File Transmittal of the June 30, 2010 and July 31, 2010 Statements of
Revenue and Expenditures for the La Quinta Redevelopment Agency.
Respectfully submitted,
OohnM. Falconer, Finance Director
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachments: 1 . Revenue and Expenditures Report for June 30, 2010
2. Revenue and Expenditures Report for July 31, 2010
2
M I 1 F1Vfl1VI"Im I 1
0710112009 - 06/3012010
LA QUINTA REDEVELOPMENT AGENCY
REMAINING
%
REVENUE SUMMARY
BUDGET
RECEIVED
BUDGET
RECEIVED
PROJECT AREA NO. 1:
LOWIMODERATE TAX FUND:
Tax Increment
9,623,500.00
9,629,447.12
(5,947.12)
100.060%
Allocated Interest
68,700.00
21,342.97
47,357.03
31.070%
Non Allocated Interest
0.00
1,717.03
(1,717.03)
0.000%
Miscellaneous revenue
0.00
0.00
0.00
0.000%
Non Allocated Interest
0.00
0.00
0.00
0.000%
LQRP-Rent Revenue
225,000.00
255,871.09
(30,871.09)
113.720%
Home Sales Proceeds
150,000.00
0.00
150,000.00
0.000%
Sale of Land
0.00
0.00
0.00
0.000%
Sewer Subsidy Reimbursements
0.00
0.00
0.00
0.000%
Rehabilitation Loan Repayments
0.00
29,420.99
(29,420.99)
0.000%
2nd Trust Deed Repayment
0.00
57,525.00
(57,525.00)
0.000%
Williams Note Payment
19,444.00
19,444.00
0.00
100.000%
Transfer In
0.00
0.00
0.00
0.000%
TOTAL LOWIMOD TAX
10,086,644.00
10,014,768.20
71,875.80
99.290%
DEBT SERVICE FUND:
Tax Increment
38,494,000.00
38,517,788.49
(23,788.49)
100.060%
Allocated Interest
75,000.00
94,791.34
(19,791.34)
126.390%
Non Allocated Interest
0.00
0.00
0.00
0.000%
Interest -County Loan
0.00
0.00
0.00
0.000%
Interest Advance Proceeds
0.00
0.00
0.00
0.000%
Transfers In
4,438,892.00
4,438,891.54
0.46
100.000%
TOTAL DEBT SERVICE
43 007 892.00
43,051,471.37
(43,579.37)
100.100%
CAPITAL IMPROVEMENT FUND
Pooled Cash Allocated Interest
162,000.00
163,349.10
(1,349.10)
100.830%
Non Allocated interest
34,500.00
30,210.18
4,289.82
87.570%
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
2,639.00
2,639.33
(0.33)
100.010%
Litigation Proceeds
0.00
325,000.00
(325,000.00)
0.000%
Transfers In
0.00
0.00
0.00
0.000%
TOTAL CAPITAL IMPROVEMENT
199139.00
521,198.61
(322,059.61)
261.730%
3
LA OUINTA REDEVELOPMENT AGENCY
6130110
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
PROJECT AREA NO 1,
LOW/MODERATE TAX FUND:
PERSONNEL
1,100,00
0,00
0.00
1,10000
SERVICES
372,99000
341,685.12
0.00
31,304.88
BUILDING HORIZONS
0.00
0,00
0.00
0.00
LO RENTAL PROGRAM
275,000.00
225,417,47
OCO
49,582.53
2nd TRUST DEED PROGRAM
0.00
0.00
0.00
DOD
BUILDING HORIZONS
250,000 DO
0.00
Dw
250000.00
LAND ACQUISITION
0.00
0.00
000
0.00
LOW MOD HOUSING PROJECTS
0.00
9.000.00
0,00
(9,000.00)
FORECLOSURE
0,00
0,00
0.00
0,00
REIMBURSEMENT TO GEN FUND
856,96100
856,96IA6
000
(0.16)
TRANSFERS OUT
5228,892.00
5147,759.99
0.00
81,13201
TOTAL LOWIMOD TAX
DEBT SERVICE FUND:
SERVICES
BOND PRINCIPAL
BONDINTEREST
INTEREST CITY ADVANCE
PASS THROUGH PAYMENTS
ERAF SHIFT
TRANSFERS OUT
CAPITAL IMPROVEMENT FUND:
484,400.00
473,76603
0,00
10,633.97
3,135,000.00
3,135,000.00
0.00
0.00
7,144.062,00
7,144,062.51
0.00
(0,51)
1428,333.00
1428,333.31
0,00
(0.31)
23,526,621.00
21,996,038.24
0,00
1.530, 58276
23,582,367.00
23,582,367.00
0.00
0.00
3.961,932.00
3961,413&1
0.00
0.06
TOTAL DEBT SERVICE
PERSONNEL
1.100.00
0D0
000
1,100.00
SERVICES
776.600.00
581,182,95
0DO
195,417,05
LANDACQUISITION
0.00
0.00
Dw
0,00
ASSESSMENT DISTRICT
0,00
0.00
0.00
Dw
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
Dw
0.00
000
0,00
CAPITAL -BUILDING
0.00
0.00
0.00
0.D0
REIMBURSEMENT TO GEN FUND
387,928DO
387.931 08
0.00
(3.08)
TRANSFERS OUT
42429881.00
603719.05
0.00
41, 826,161.95
TOTAL CAPITAL IMPROVEMENT
H
07101 /2009 - 06/3012010
LA QUINTA 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 Gov! Assistance Pymts
WSA Fed Gov! 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
2004 LOWIMODERATE BOND FUND:
Allocated Interest
Home Sale Proceeds
Non Allocated Interest
Transfer In
TOTAL LOWIMOD BOND
DEBT SERVICE FUND:
Tax Increment
Allocated Interest
Non Allocated Interest
Interest Advance Proceeds
Transferin
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT FUND:
Allocated Interest
Non Allocated Interest
Misc Revenue
Sale of land
Transfers In
TOTAL CAPITAL IMPROVEMENT
REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
5,411,100.00
5,190,794.81
220,305.19
95.930%
98,100.00
96,617.05
1,482.95
98.490%
0.00
0.82
(0.82)
0.000%
3,600.00
2,187.56
1,412.44
60.770%
451,400.00
451,770.00
(370.00)
100.080%
46,800.00
46,911.57
(111.57)
100.240%
0.00
0.00
0.00
0.000%
163,300.00
164,195.12
(895.12)
100.550%
4,200.00
7,805.51
(3,605.51)
185.850%
25,000.00
23,444.00
1,556.00
93.780%
0.00
0.00
0.00
0.000%
0.00
0.00
0.00
0.000%
0.00
0.00
0.00
0.000%
6,203,500.00
5,983,726.44
219,773.56
96.460%
0.00
0.00
0.00
0.000%
0.00
0.00
0.00
0.000%
20,000.00
14,463.96
5,536.04
72.320%
0.00
0.00
0.00
0.000%
20,000.00
14,463.96
5,536.04
72.320%
21,644,500.00
20,763,179.22
881,320.78
95.930%
100,000.00
94,615.61
5,384.39
94.620%
0.00
0.00
0.00
0.000%
0.00
0.00
0.00
0.000%
1951399.00
1951399.32
(0.32)
100.000%
23,695,899.00
22,809,194.15
886,704.85
96.260%
11,400.00
13,919.20
(2,519.20)
122.100%
9,250.00
2,335.49
6,914.51
25.250%
0.00
0.00
0.00
0.000%
0.00
0.00
0.00
0.000%
2,600,000.00
2,600,000.00
0.00
100.000%
2,620,650.00
2,616,254.69
4,395.31
99.830%
5
LA QUINTA REDEVELOPMENT AGENCY
6130110
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
PROJECT AREA NO. 2:
LOW/MODERATE TAX FUND:
PERSONNEL
700,00
0.00
000
700,00
SERVICES
55Q861.00
505671,32
0,00
51.189.68
WASH ST APTS OTHER EXPENSES
429,300.00
348,483.99
000
80,816.01
2ND TRUST DEEDS
0,00
a00
0,00
LOW MOD HOUSING PROJECTS
600000
000
0,00
6,000W
FORECLOSURE ACQUISITION
250.000,00
0.00
000
250,WO.W
VISTA DUNES PARK
0.00
O.W
000
LAND ACQUISITION
0.00
000
0.00
WSA PRIN/PROVIDENT LOAN
25,32500
25,324.97
0.00
0.03
WSA PRIN/USDA LOAN
10,671.00
10,58272
0.00
8828
WSA INTERESTIPROVIDENT LOAN
129,149.00
129,14947
0,00
(0.47)
WSA INTERESTIUSDA LOAN
74,611 00
74,699.09
0 W
(88.09)
REIMBURSEMENT TO GEN FUND
474,869.00
474,86976
0,00
(076)
TRANSFERS OUT
12,17738800
2,476949.20
000
9, 700,438,80
TOTAL LOWIMOD TAIL
2004 LOW/MODERATE BOND FUND
HOUSING PROGRAMS
824,000.00
618,000.00
0.00
206,W0.00
LAND
0.00
0.00
O.W
0.00
TRANSFERS OUT
901740.W
826,033.21
0.00
75,]W.79
TOTAL LOW/MOD BONG
DEBT SERVICE FUND:
SERVICES
255,1W.00
253,22746
0,00
1,872.54
BOND PRINCIPAL
120,000.00
320,000.00
0,00
(200,000.00)
BOND INTEREST
299,550.00
299,550.00
0 W
0.00
INTEREST CITY ADVANCE
T656,528.00
1,6%,528.00
0.00
000
PASS THROUGH PAYMENTS
18,291,681.00
17,515543.68
0,00
775,137.32
TRANSFERS OUT
455139900
455139932
OW
(0.32)
TOTAL DEBT SERVICE
1ST/A,150-0�-SG53r,74646
zo
r,54
CAPITAL IMPROVEMENT FUND:
PERSONNEL
700,00
40.00
000
660.00
SERVICES
258,360,00
127,270.35
000
131,089,65
CAPITAL
0,00
0.00
0.W
0.00
ECONOMIC DEVELOPMENT ACTIVITY
0,00
0.00
O.W
0.00
REIMBURSEMENT TO GEN FUND
64,019,00
64,016.00
000
3.00
TRANSFERS OUT
3,44012100
475891.62
0.00
2,964,229.38
TOTAL CAPITAL IMPROVEMENT203
H 1 1 1AVf7IvIlli I L
0710112010 •0713112010
LA QUINTA REDEVELOPMENT AGENCY
ADJUSTED
REMAINING
%
REVENUE SUMMARY
BUDGET
RECEIVED
BUDGET
RECEIVED
PROJECT AREA NO. 1:
LOWIMODERATE TAX FUND:
Tax Increment
9,912,200.00
0.00
9,912,200.00
0.000%
Allocated Interest
46,800.00
0.00
46,800.00
0.000%
Non Allocated Interest
0.00
177.74
(177.74)
0.000%
Miscellaneous revenue
0.00
0.00
0.00
0.000%
Non Allocated Interest
0.00
0.00
0.00
0.000%
LQRP-Rent Revenue
0.00
0.00
0.00
0.000%
Home Sales Proceeds
150,000.00
0.00
150,000.00
0.000%
Sale of Land
0.00
0.00
0.00
0.000%
Sewer Subsidy Reimbursements
0.00
0.00
0.00
0.000%
Rehabilitation Loan Repayments
0.00
0.00
0.00
0.000%
2nd Trust Deed Repayment
0.00
0.00
0.00
0.000%
Williams Note Payment
0.00
0.00
0.00
0,000%
Transfer In
0.00�
0.00
0.00
0.000%
TOTAL LOWIMOD TAX
10,109,000.00
177.74
10,108,822.26
0.000%
DEBT SERVICE FUND:
Tax Increment
39,648,800.00
0.00
39,648,800.00
0.000%
Allocated Interest
0.00
0.00
0.00
0.000%
Non Allocated Interest
0.00
0.00
0.00
0.000%
Interest -County Loan
0.00
0.00
0.00
0.000%
Interest Advance Proceeds
0.00
0.00
0.00
0.000%
Transfers In
4,438,934.00
0.00
4,438,934.00
0.000%
TOTAL DEBT SERVICE
44,087,734.00
0.00
44,087,734.00
0.000%
CAPITAL IMPROVEMENT FUND
Pooled Cash Allocated Interest
8,200.00
0.00
8,200.00
0.000%
Non Allocated Interest
30,400.00
1,461.00
28,939.00
4.810%
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%
Litigation Proceeds
0.00
0.00
0.00
0.000%
Transfers In
5,000,000.00
0.00
5,000,000.00
0.000%
TOTAL CAPITAL IMPROVEMENT
5,038,600.00
1,461.00
5,037,139.00
0.030%
LA QUINTA REDEVELOPMENT AGENCY
ADJUSTED
7/31110
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
PROJECT AREA NO. 1:
LOW/MODERATE TAX FUND:
PERSONNEL
1,100.00
0.00
0,00
1.100.00
SERVICES
373,040.00
2,705.00
000
370,335.00
LO RENTAL PROGRAM
0.00
0.00
0.00
0.00
2nd TRUST DEED PROGRAM
0.00
000
0.00
0.00
BUILDING HORIZONS
250,000.00
0.00
0.00
250,000,00
LAND ACQUISITION
0.00
0.00
Do
0.00
LOW MOD HOUSING PROJECTS
0,00
0,00
0.00
0.00
FORECLOSURE
1, 350,00000
0.00
0,00
1,350,000.00
REIMBURSEMENT TO GEN FUND
947,565,00
78,964.00
0.00
568,601.00
TRANSFERS OUT
4,71281300
26325.19
0.00
4,686,4B781
TOTAL LOWIMOO TAX
DEBT SERVICE FUND:
SERVICES
BOND PRINCIPAL
BONDINTEREST
INTEREST CITY ADVANCE
PASS THROUGH PAYMENTS
ERAF SHIFT
TRANSFERS OUT
CAPITAL IMPROVEMENT FUND:
484,400.00
1, 530.00
0.00
482,87000
3,330,000.00
0.00
0.00
3.330, D00.00
6,941,435. 00
0.00
0.00
6,941,435.00
1,720,000. 00
143,333.37
0.00
1,576,66663
22,736549. 00
0.00
000
22,738,549.00
0.00
000
0.00
0.00
8963,138.00
0.00
0,00
963,
8738.00
TOTAL DEBT SERVICE
PERSONNEL
1,100.00
0.00
000
1,100.00
SERVICES
700.900.00
38,77806
0,00
662,121,94
LAND ACQUISITION
000
0,00
000
0.00
ASSESSMENT DISTRICT
0.00
0.00
0.00
0,00
ADVERTISING -ECONOMIC DEV
0,00
)CO
0.00
0.00
ECONOMIC DEVELOPMENT
DOD
0.00
Dw
0.00
BOND ISSUANCE COSTS
0.00
0.00
0,00
000
CAPITAL -BUILDING
0.00
0.00
000
0.00
REIMBURSEMENT TO GEN FUND
426,69300
35,558.00
000
391.135.00
TRANSFERS OUT
45,799361.00
50,31250
0.00
45,749,548.50
TOTAL CAPITAL IMPROVEMENT
LA QUINTA 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
Transfer In
TOTAL LOWIMOD TAX
2004 LOWIMODERATE BOND FUND:
Allocated Interest
Home Sale Proceeds
Non Allocated Interest
Transfer In
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
0710112010 •07131/2010
ADJUSTED REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
5,573,400.00
0.00
5,573,400.00
0.000%
50,800.00
0.00
50,800.00
0.000%
2,500.00
0.00
2,500.00
0.000%
3,600.00
d.00
3,600.00
0.000%
451,400.00
0.00
451,400.00
0.000%
46,800.00
0.00
46,800.00
0.000%
0.00
0.00
0.00
0.000%
163,300.00
0.00
163,300.00
0.000%
4,200.00
0.00
4,200.00
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%
6,296,000.00
0.00
6,296,000.00
0.000%
0.00
0.00
0.00
0.000%
0.00
0.00
0.00
0.000%
8,700.00
663.00
8,037.00
7.620%
0.00
0.00
0.00
0.000%
8,700.00
663.00
8,037.00
Z620%
22,293,800.00
0.00
22,293,800.00 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%
1,951,993.00
0.00
1,951,993.00 0.000%
24,245,793.00
0.00
24,245,793.00 0.000%
5,100.00
0.00
5,100.00 0.000%
6,000.00
0.00
6,000.00 0.000%
0.00
0.00
0.00 0.000%
0.00
0.00
0.00 0.000%
4,300,000.00
0.00
4,300,000.00 0,000%
4,311,100.00
0.00
4,311,100.00 0,000%
P1
LA QUINTA REDEVELOPMENT AGENCY
ADJUSTED
7131110
REMAINING
EXPENDITURE SUMMARY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
PROJECT AREA NO 2'
LOW/MODERATE TAX FUND:
PERSONNEL
700.00
0,00
0.00
700,00
SERVICES
453,500,00
2,505,00
0,00
450,995.00
WASH ST APTS OTHER EXPENSES
429,300.00
0.00
0,00
429,300.00
2ND TRUST DEEDS
0.00
0,00
0.00
0.00
LOW MOD HOUSING PROJECTS
3,000.00
0.00
0,00
3,000.00
FORECLOSURE ACQUISITION
450,000.GO
OAO
0.00
450,00000
VISTA DUNES PARK
000
0,00
0,00
0.00
LAND ACQUISITION
OAO
0,00
0,00
0.00
WSA PRIN/PROVIDENT LOAN
27,525.00
0,00
0.00
27,525DO
WSA PRIN/USDA LOAN
11, 788.00
0.00
0,00
11.788. DO
WSA INTEREST/PROVIDENT LOAN
126,949.00
0.00
0,00
126,949.00
WSA INTEREST/USDA LOAN
73,49LOO
0,00
0,00
73,494.00
REIMBURSEMENT TO GEN FU N D
551,634.00
45,%9.00
0.00
505,665.00
TRANSFERS OUT
11,648437.00
0,00
0.00
11,649437.GO
TOTAL LOWIMOD TAX
2004 LOW/MODERATE BOND FUND
HOUSING PROGRAMS
0.00
0,00
0.00
0.00
LAND
0.00
0.00
0,00
0,00
TRANSFERS OUT
75707.GO
OCO
0.00
75,707.00
TOTAL LOW/MOD BONG
DEBT SERVICE FUND:
SERVICES
255,100.00
0.00
0.00
255,100.00
BOND PRINCIPAL
125,000.00
0.00
0,00
125,000DO
BOND INTEREST
293.2]200
0.00
0,00
293,272.00
INTERESTCITY ADVANCE
1,656,500,00
138.044.00
0.00
1,518,456. 00
PASS THROUGH PAYMENTS
18,935,710,00
0,00
0,00
18,935,710,00
ERAF SHIFT
4,850,68700
0.00
000
4,850,687,00
TRANSFERS OUT
6,251993.00
0.00
0.00
6251993.00
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT FUND:
PERSONNEL
0.00
000
700.00
SERVICES
150.00
172,150,00
10,500.00
0,00
161,
CAPITAL
0.00
0,00
0.00
00.00
0.00
ECONOMICDEVELOPMENTENTACTIVITY
2,376.611,00
0.00
0,00
2700,000.00
REIMBURSEMENT TO GEN FUND
.00
0.00
70,226.00
TRANSFERS OUT
4424385.00
2438
2,18750
2,187.50
0.t
4422197.50
TOTAL CAPITAL IMPROVEMENT
10