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2011 01 04 RDA MinutesLA QUINTA REDEVELOPMENT AGENCY MINUTES JANUARY 4, 2011 A regular meeting of the La Quinta Redevelopment Agency was called to order by Chairperson Evans. PRESENT: Agency Members Adolph, Franklin, Henderson, Chairperson Evans ABSENT: Agency Member Sniff (Excused) 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 REAL PROPERTY LOCATED AT DUNE PALMS ROAD AND HIGHWAY 111 (APNs 600-020-047, AND -0481. PROPERTY OWNER/NEGOTIATOR: CORAL MOUNTAIN PARTNERS, L.P. 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 Redevelopment Agency Minutes 2 January 4, 2011 APPROVAL OF MINUTES MOTION - It was moved by Agency Members Franklin/Henderson to approve the Redevelopment Agency Minutes of December 21, 201 1, as submitted. Motion carried with Agency Member Sniff absent. CONSENT CALENDAR 1. APPROVAL OF DEMAND REGISTER DATED JANUARY 4, 2011. MOTION - It was moved by Agency Members Adolph/Franklin to approve the Consent Calendar as recommended. Motion carried with Agency Member Sniff absent. BUSINESS SESSION 1. CONSIDERATION OF REDEVELOPMENT AGENCY REORGANIZATION. There were no changes to the staff report as submitted and on file in the City Clerk Department. MOTION - It was moved by Chairperson Evans/Agency Member Franklin to select Agency Member Henderson as Chairperson of the La Quinta Redevelopment Agency. Motion carried with Agency Member Sniff absent. MOTION - It was moved by Agency Members Adolph/Henderson to select Agency Member Franklin as Vice Chairperson of the La Quinta Redevelopment Agency. Motion carried with Agency Member Sniff absent. STUDY SESSION -None CHAIR AND AGENCY MEMBERS' ITEMS -None The Redevelopment Agency recessed to and until 7:00 p.m. Chairperson Henderson reconvened the Redevelopment Agency meeting. Redevelopment Agency Minutes 3 January 4, 2011 PUBLIC HEARINGS JOINT PUBLIC HEARING BETWEEN THE CITY COUNCIL AND REDEVELOPMENT AGENCY 1. JOINT PUBLIC HEARING TO CONSIDER ADOPTION OF A RESOLUTION APPROVING A DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE REDEVELOPMENT AGENCY AND CORAL MOUNTAIN PARTNERS, L.P. TO LEASE PROPERTY LOCATED SOUTHEAST OF DUNE PALMS ROAD AND HIGHWAY 111 FOR THE PURPOSE OF CONSTRUCTING AND OPERATING AFFORDABLE RENTAL HOUSING. Assistant City Manager-Development Services Evans presented the staff report; and Redevelopment Consultant Spevacek presented the financial aspects of the proposed development. The Chair declared the PUBLIC HEARING OPEN at 7:25 p.m. John Durso, Coral Mountain Partners, L.P., stated Mr. Michael Shovlin and he are happy to have the opportunity to propose this development. There being no additional requests, the Chair declared the PUBLIC HEARING CLOSED at 7:25 p.m. RESOLUTION NO. RA 2011-001 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LA QUINTA, CALIFORNIA, APPROVING A DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE AGENCY AND CORAL MOUNTAIN PARTNERS, L.P. FOR PROPERTY LOCATED SOUTHEAST OF THE INTERSECTION OF DUNE PALMS ROAD AND HIGHWAY 111. It was moved by Agency Members Evans/Franklin to adopt Resolution No. RA 2011-001, as submitted. Motion carried with Agency Member Sniff absent. Redevelopment Agency Minutes 4 January 4, 2011 ADJOURNMENT There being no further business, it was moved by Agency Members Evans/Adolph to adjourn. Motion carried unanimously. Respec Ily submitted, VERONICA J. ONTECINO, Secretary City of La Q inta, California