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2011 06 14 RDA MinutesLA QUINTA REDEVELOPMENT AGENCY MINUTES JUNE 14, 2011 A special meeting of the La Quinta Redevelopment Agency was called to order by Chairperson Henderson. PRESENT: Agency Members Adolph, Evans, Franklin, Sniff, Chairperson Henderson ABSENT: None PUBLIC COMMENT - None CLOSED SESSION 1. CONFERENCE WITH THE AGENCY'S REAL PROPERTY NEGOTIATOR, THOMAS P. GENOVESE, 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: 776-076-002 THRU 005 AND 776-076-010 THRU 013 / UNION HOME LOANS, INC. / LANE SCHOLES 2. CONFERENCE WITH THE AGENCY'S REAL PROPERTY NEGOTIATOR, THOMAS P. GENOVESE, 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: 773-077-013 AND 773-101-013 / DONALD AND JULIE PARKER 3. CONFERENCE WITH THE AGENCY'S REAL PROPERTY NEGOTIATOR, THOMAS P. GENOVESE, 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: 773-094-001 THRU 006 AND 773-094-013 / YESSAYIAN FAMILY LTD. PARTNERSHIP / BUDDY YESSAYIAN The Redevelopment Agency recessed to Closed Session to and until the hour of 1:30 p.m. Redevelopment Agency Minutes 2 June 14, 2011 1 :30 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 Agency Member Sniff requested Consent Calendar Item No. 2 be considered for a separate vote. APPROVAL OF MINUTES - None CONSENT CALENDAR 1. ADOPTION OF A RESOLUTION APPROPRIATING REDEVELOPMENT FUNDS FOR THE HIGHWAY 111 MEDIAN ISLAND LANDSCAPE IMPROVEMENTS, MAKING CERTAIN FINDINGS PURSUANT TO HEALTH AND SAFETY CODE SECTION 33445(a) WITH RESPECT TO SUCH EXPENDITURES AND APPROVING A FINANCING AGREEMENT WITH THE CITY OF LA QUINTA (RESOLUTIO NO. 2011-019) 2. ADOPTION OF A RESOLUTION THAT APPROVES A PURCHASE AND SALE AGREEMENT WITH UNION HOME LOANS, INC., ET AL., MAKES FINDINGS PURSUANT TO HEALTH AND SAFETY CODE SECTION 33445, AND APPROPRIATES FUNDS TO ACQUIRE LAND IDENTIFIED AS APNs 773-076-002 THROUGH 005; 773-076-070 THROUGH 013 (RESOLUTION NO. 2011-020) 3. ADOPTION OF A RESOLUTION THAT APPROVES A PURCHASE AND SALE AGREEMENT WITH DONALD AND JULIE PARKER, MAKES FINDINGS PURSUANT TO HEALTH AND SAFETY CODE SECTION 33445, AND APPROPRIATES FUNDS TO ACQUIRE LAND IDENTIFIED AS APNs 773-077-013 AND 773-101-013 (RESOLUTION NO. 2011-021) 4. ADOPTION OF A RESOLUTION THAT APPROVES A PURCHASE AND SALE AGREEMENT WITH YESSAYIAN FAMILY LTD. PARTNERSHIP,. MAKES FINDINGS PURSUANT TO HEALTH AND SAFETY CODE SECTION 33445, AND APPROPRIATES FUNDS TO ACQUIRE LAND IDENTIFIED AS APNs 773-094-001 THROUGH 006 AND 773-094-013 (RESOLUTION NO. 2011-022) Redevelopment Agency Minutes .3. June 14, 2011 MOTION — It was moved by Agency Members Adolph /Evans to approve the Consent Calendar with the exception of Item No. 2 and with Item Nos. 1, 3 and 4 being approved by RESOLUTION NOS. RA 2011-019, 2011-021 and 2011-022, respectively. Motion carried unanimously. ITEM NO. 2 RESOLUTION NO. RA 2011-020 A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY OF THE CITY OF LA QUINTA, CALIFORNIA, APPROVING AN AGREEMENT FOR PURCHASE AND SALE BY AND BETWEEN THE AGENCY AND UNION HOME LOAN, INC., ET AL., RELATING TO THE PROPERTY LOCATED AT 51100 AVENIDA VILLA, MAKING FINDINGS PURSUANT TO HEALTH AND SAFETY CODE SECTION 33445 WITH RESPECT TO THE AGENCY'S EXPENDITURE AND APPROPRIATING $1,368,390 TO FUND THE ACQUISITION It was moved by Agency Members Evans and Adolph to adopt Resolution No. 2011 -020 as submitted. Motion carried with a vote of 4 -1, Agency Member Sniff dissenting. BUSINESS SESSION 1. CONSIDERATION OF A RESOLUTION APPROVING THE OWNER PARTICIPATION AGREEMENT BETWEEN THE LA QUINTA REDEVELOPMENT AGENCY AND TORRE NISSAN, FOR THE PROPERTY LOCATED AT 79 -125 HIGHWAY 111 AND THE APPROPRIATION OF FUNDS Executive Director Genovese presented the staff report. Agency Member Adolph stated he is in support of the project. Agency Member Evans asked if the funding for the remaining balance has been secured to complete the project. George Velarde explained the design has been scaled down slightly from the original grand design presented, and explained addition funding has been secured to complete the project. Agency Member Evans stated the auto dealership is an important part of the Business and General Plans of the City, and conveyed her support of the project. Redevelopment Agency Minutes 4 June 14, 2011 Chairperson Henderson stated she is happy to see an agreement has been finalized. City Attorney Jensen announced the agreement has been signed. RESOLUTION NO. RA 2011-023 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LA QUINTA, CALIFORNIA, APPROVING AN' OWNER PARTICIPATION AGREEMENT BY AND AMONG THE AGENCY, MEGA DEALER, LLC, AND ROBERT N. LA TORRE, INC. FOR THE PROPERTY LOCATED AT 79125 HIGHWAY 11, LA QUINTA, CALIFORNIA It was moved by Agency Members Adolph /Evans to adopt Resolution No. RA 2011-023 as submitted. Motion carried unanimously. STUDY SESSION — None CHAIR AND AGENCY MEMBERS' ITEMS — None PUBLIC HEARINGS — None ADJOURNMENT There being no further business, it was moved by Agency Members Sniff /Adolph to adjourn. Motion carried unanimously. Respectf y submitted, VERONICA J ONTECINO, Secretary City of La Quinta, California