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2011 06 21 RDA MinutesLA QUINTA REDEVELOPMENT AGENCY MINUTES JUNE 21, 2011 A regular 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 — None The Redevelopment Agency recessed to and until the hour of 4:00 p.m. 4:00 P.M. PUBLIC COMMENT — None CONFIRMATION OF AGENDA Executive Director Genovese requested Consent Calendar Item No. 6 be pulled from the agenda as no action is needed at this time, and stated the report will be brought back for the Redevelopment Agency's consideration at a later date. City Attorney Jenson announced a memo has been distributed depicting a revised recommendation for Consent Calendar Item No. 7. APPROVAL OF MINUTES MOTION — It was moved by Agency Members Sniff /Adolph to approve the Redevelopment Agency Minutes of June 7, 2011 as amended to include a motion to excuse the absence of Agency Member Evans. Motion carried unanimously. Redevelopment Agency Minutes 2 June 21, 2011 MOTION — It was moved by Agency Members Sniff /Evans to approve the Redevelopment Agency Special Meeting Minutes of June 14, 2011 as submitted. Motion carried unanimously. CONSENT CALENDAR 1. APPROVAL OF DEMAND REGISTER DATED JUNE 21, 2011 2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT FOR APRIL 30, 2011 3. RECEIVE AND FILE TREASURER'S REPORT FOR APRIL 30, 2011 4. ADOPTION OF A RESOLUTION ADOPTING THE INVESTMENT POLICY OF THE CITY OF LA QUINTA FOR FISCAL YEAR 2011/2012 (RESOLUTION NO. 2011-024) 5. APPROVAL OF AN ASSIGNMENT AND ASSUMPTION AGREEMENT BY AND BETWEEN CP DEVELOPMENT LA QUINTA AND LA QUINTA RETIREMENT RESIDENCE LIMITED PARTNERSHIP FOR PROPERTY LOCATED AT THE SOUTHEAST CORNER OF WASHINGTON STREET AND MILES AVENUE PURSUANT TO THE DISPOSITION AND DEVELOPMENT AGREEMENT 6. ADOPTION OF A RESOLUTION APPROVING A COST SHARING AGREEMENT AMONG THE LA QUINTA REDEVELOPMENT AGENCY, THE CITY OF LA QUINTA, AND THE COACHELLA VALLEY WATER DISTRICT FOR THE RECONSTRUCTION OF THE COACHELLA CANAL, A REGIONAL WATER CONVEYANCE SYSTEM, WITHIN THE SILVERROCK PROPERTY AND MAKING CERTAIN FINDINGS PURSUANT TO HEALTH AND SAFETY CODE SECTION 33445 WITH RESPECT TO THE AGENCY'S EXPENDITURE 7. ADOPTION OF A RESOLUTION APPROPRIATING REDEVELOPMENT FUNDS FOR THE WASHINGTON STREET TURN LANE IMPROVEMENTS AT EISENHOWER DRIVE /CALLE TAMPICO, PROJECT NO. 2010 -09, AND MAKING CERTAIN FINDINGS PURSUANT TO HEALTH AND SAFETY CODE SECTION 33445(a) WITH RESPECT TO SUCH EXPENDITURES (RESOLUTION NO. 2011-025) City Attorney Jenson explained a memo has been distributed to the Agency Board Members depicting modified language to the recommendation for Consent Calendar Item No. 1 as follows: Adopt a Redevelopment Agency Minutes 3 June 21, 2011 Resolution of the La Quinta Redevelopment Agency, appropriating $165,000 from Project Area Number 1 for the Left Turn Lane. Improvements at Calle Tampico, and appropriating $255,670 from Project Area Number 2, for the Washington Street Right Turn Lane Improvements at Eisenhower Drive, making certain findings pursuant to Health and Safety Code Section 33445(a) with respect to the Agency's expenditures, and authorizing the Chairperson of the Agency to execute the public works contract in order to acknowledge the Agency's obligation to provide the funding for the contract. MOTION - It was moved by Agency Members Sniff /Evans to approve the Consent Calendar as amended with the exception of Item No. 6 and with Item Nos. 4 and 7 being approved by RESOLUTION NOS. RA 2011-024 and 2011-025, respectively. Motion carried unanimously. BUSINESS SESSION Chairperson Henderson called the Redevelopment Agency meeting to order and took up Business Session Item No. 2 at this time. 2. CONSIDERATION OF FISCAL YEAR 2011/2012 PRELIMINARY BUDGET Finance Director Falconer presented the staff report. MOTION - It was moved by Agency Members Sniff /Adolph to adopt the Fiscal Year 2011/2012 Preliminary Budget with the changes discussed and direct staff to prepare a Fiscal Year 2011/2012 Final Budget for the July 5, 2011 Redevelopment Agency meeting. Motion carried unanimously. The Redevelopment Agency recessed to and until 7:00 p.m. (continued) 1. CONSIDERATION OF A RESOLUTION APPROVING A REPLACEMENT HOUSING PLAN FOR 78181 AVENIDA LA FONDA (APN 770-125 - 003, 78182 AVENIDA LA FONDA (APN 770-124-007), AND 78153 MAIN STREET (APN 770-124-004) Economic Development Project Manager Powell presented the staff report. Redevelopment Agency Minutes 4 June 21, 2011 RESOLUTION NO. 2011-026 A RESOLUTION OF THE LA O.UINTA REDEVELOPMENT AGENCY ADOPTING A REPLACEMENT HOUSING PLAN FOR 78181 AND 78182 AVENIDA LA FONDA AND 78153 MAIN STREET It was moved by Agency Members Sniff /Adolph to adopt Resolution No. 2011 -026 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 /Evans to adjourn. Motion carried unanimously. /RespecIly submitted, VERONICA J. ONTECINO, Secretary City of La Quinta, California