2011 02 15 RDA MinutesLA QUINTA REDEVELOPMENT AGENCY
MINUTES
FEBRUARY 15, 2011
A special meeting of the La Quinta Redevelopment Agency was called to
order at 2:00 p.m. by Chairperson Henderson.
PRESENT: Agency Members Adolph, Evans, Franklin, Sniff,
Chairperson Henderson
ABSENT: None
PUBLIC COMMENT - None
CLOSED SESSION
1. Conference with Agency's legal counsel regarding pending litigation,
Apartments at La Quinta Vi/ /age, L.P., et a/ v. La Quinta
Redevelopment Agency, et al, Riverside Superior Court Case No. RIC
1101382, pursuant to Government Code Section 54956.9(a).
2. 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 335± acres
located at the southwest corner of Avenue 52 and Jefferson Street.
Property Owner /Negotiator: City of Quinta, Thomas P. Genovese.
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 certain real
property identified as APN: 600 - 020 -047. Property Owners/
Negotiators: VIP Motor Cars, LTD., Jerry Johnson; and City of
La Quinta, Thomas P. Genovese.
4. 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 certain real
properties described as follows: APNs /Property Owners /Negotiators:
600 - 030 -001 through -005, -008, and -009, Coachella Valley Housing
Coalition, John Mealey; 609 - 040 -007, -023 and -028, National Core,
Alfredo Izmajtovich; 773 - 077 -014, Desert Cities Development, LLC.,
Michael Shovlin.
Redevelopment Agency Minutes 2 February 15, 2011
The Redevelopment Agency recessed to Closed Session to and until the hour
of 4:00 p.m.
4 -nn 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
Executive Director Genovese announced a memo was distributed with a
revised recommendation for Consent Calendar No. 5.
APPROVAL OF MINUTES
MOTION — It was moved by Agency Members Sniff /Franklin to approve the
Redevelopment Agency Minutes of February 1, 2011, as submitted. Motion
carried unanimously.
CONSENT CALENDAR
1. APPROVAL OF DEMAND REGISTER DATED FEBRUARY 15, 2011.
2. RECEIVE AND FILE TREASURER'S REPORT DATED DECEMBER 31,
2010.
3. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED
DECEMBER 31, 2010.
4. AUTHORIZE THE EXECUTIVE DIRECTOR TO EXECUTE THE
NECESSARY PROFESSIONAL SERVICE CONTRACTS FOR THE
ISSUANCE OF TAX - EXEMPT AND TAXABLE OBLIGATIONS.
Redevelopment Agency Minutes 3 February 15, 2011
5. ADOPTION OF A RESOLUTION AUTHORIZING THE EXECUTIVE
DIRECTOR TO TAKE ALL NECESSARY ACTIONS TO TRANSFER
REDEVELOPMENT AGENCY -OWNED NON - HOUSING PROPERTIES TO
THE CITY OF LA QUINTA. (RESOLUTION NO. RA 2011 -006)
6. ADOPTION OF A RESOLUTION AUTHORIZING THE EXECUTIVE
DIRECTOR TO TAKE ALL NECESSARY ACTIONS TO TRANSFER
REDEVELOPMENT AGENCY -OWNED HOUSING PROPERTIES TO THE
LA QUINTA HOUSING AUTHORITY. (RESOLUTION NO. RA 2011-
007)
MOTION - It was moved by Agency Members Adolph /Franklin to
approve the Consent Calendar as amended Item Nos. 5 and 6 being
approved by RESOLUTION NOS. RA 2011 -006 through 2011 -007
respectively. Motion carried unanimously.
BUSINESS SESSION
1. CONSIDERATION OF MID -YEAR BUDGET REPORT FOR FISCAL YEAR
2010 -2011.
Finance Director Falconer presented the staff report.
Agency Member Sniff asked if the numbers provided are estimates
rather than factual amounts. Finance Director Falconer confirmed and
explained they are based on the first property tax numbers received in
January; and unfortunately, there were many revisions made by the
County Tax Assessor where many property taxes were reduced.
Agency Member Sniff stated the property tax will continue to fall as
more residents request reassessments. Finance Director Falconer
confirmed.
Agency Member Evans asked where the payment for the
Supplemental Education Revenue Augmentation Fund (SERAF) will be
allocated from. Finance Director Falconer explained staff originally
assessed the SERAF payment from Project Area No. 2 debt service,
but with the governor's budget proposal, staff is recommending the
payment be made from Project Area No. 1.
MOTION - It was moved by Agency Members Sniff /Adolph to approve
a decrease of $(9,413,762) in estimated property tax increment
revenue; approve an increase of $161,000 in estimated investment
Redevelopment Agency Minutes 4 February 15, 2011
interest revenue; approve an increase of $8,720 in 2 " Trust Deed
revenues; approve an increase of $273,029 in miscellaneous
revenues; approve an increase of $29,539,193 in transfers in and a
decrease of $(15,748,295) in transfers out; approve a decrease in
pass- through payments of $(5,284,792); approve an increase of
$138,000 in appropriations for reimbursement to the General Fund for
staff time related to Graffiti removal efforts; approve an increase of
$21,100 in County fees related to the collection of property taxes;
approve an increase of $4,506 for the Fiscal Year 2010 -2011
Supplemental Educational Revenue Augmentation Funds (SERAF)
payment; approve a decrease of $(63,958) in interest expense for the
payment of principal on the Highway 111 City loan; and receive and
file the Mid -Year Budget Report. Motion carried unanimously.
STUDY SESSION — None
DEPARTMENT REPORTS
1. UPDATE OF THE FIVE -YEAR IMPLEMENTATION PLAN -FOR THE
LA QUINTA REDEVELOPMENT AGENCY.
Redevelopment Consultant Spevacek presented the staff report.
Agency Member Sniff asked how was the amount derived for the
number of jobs created. Redevelopment Consultant Spevacek
explained staff utilized a modeling established by the University of
Minnesota which looks at the job generator based on infrastructure
and economic investment, and affordable housing development and
computes permanent as well as temporary jobs, by looking at factors
unique to Riverside County. Chairperson Henderson asked if that is in
the Plan. Redevelopment Consultant Spevacek confirmed.
Chairperson Henderson read from Attorney General Brown's Official
Title and Summary for Proposition No. 22.
Chairperson Henderson stated she looks forward for staff to reviewing
the process with residents of Vista Dunes; and encouraged staff to
have the information on the city website in reference to the
redevelopment agency discussions.
Redevelopment Agency Minutes 5 February 15, 2011
Agency Member Evans stated the first segment was informative and
the presentation at the Mayor's Luncheon created enthusiasm, dismay
and activity to send correspondence by the attendees.
CHAIR AND AGENCY MEMBERS' ITEMS — None
PUBLIC HEARINGS — None
ADJOURNMENT
There being no further business, it was moved by Agency Members
Sniff /Franklin to adjourn. Motion carried unanimously.
Respectf Ily submitted,
VERONICA J ONTECINO, Secretary
City of La uinta, California