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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. JULY 5. 2011 at 4:00 P.M.
Beginning Resolution No. RA 2011-029
CALL TO ORDER
Roll Call:
Agency Board Members: Adolph, Evans, Franklin, Sniff, Chairperson Henderson
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 — NONE
CONFIRMATION OF AGENDA
APPROVAL OF MINUTES
1. APPROVAL OF REGULAR MEETING MINUTES OF JUNE 21, 2011
2. APPROVAL OF SPECIAL MEETING MINUTES OF JUNE 28, 2011
CONSENT CALENDAR
NOTE: Consent Calendar items are considered to be routine in nature and will be approved
by one motion.
001
REDEVELOPMENT AGENCY AGENDA 1 JULY 5, 2011
1. APPROVAL OF DEMAND REGISTER DATED JULY 5, 2011
2. ADOPTION OF (1) A RESOLUTION APPROVING THE FISCAL YEAR
2011/2012 LA QUINTA REDEVELOPMENT AGENCY BUDGET AND (2) A
RESOLUTION DETERMINING THE PLANNING AND ADMINISTRATION
EXPENSES TO BE FUNDED IN FISCAL YEAR 2011/2012
BUSINESS SESSION - NONE
STUDY. SESSION
1. DISCUSSION OF CORAL MOUNTAIN APARTMENT PROJECT
CHAIR AND BOARD MEMBERS' ITEMS — NONE
PUBLIC HEARINGS — NONE
ADJOURNMENT
The next regular meeting of the Redevelopment Agency will be held on JULY 19,
2011 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.
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 JULY 5,
2011, 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 JULY 1, 2011.
Z
ULY 1, 2 1
CA ONTECINO, 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 Calls Tampico, La Quinta, California, 92253, during
normal business hours.
002
REDEVELOPMENT AGENCY AGENDA 2 JULY 5, 2011
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RDA MEETING DATE: July 5, 2011
ITEM TITLE: Approval of Demand Register Dated
July 5, 2011
RECOMMENDATION:
It is recommended the Redevelopment Agency Board:
Receive and File the Demand Register Dated
July 5, 2011 of which $4,516,513.37
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
4 003
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COUNCIL/RDA MEETING DATE: July 5, 2011 AGENDA CATEGORY:
ITEM TITLE: Adoption of a (1) Resolution Approving the BUSINESS SESSION:
Fiscal Year 201 1 /2012 La Quinta Redevelopment CONSENT CALENDAR: _
Agency Budget and a (2) Resolution Determining the
Planning and Administration Expenses to be Funded in STUDY SESSION:
Fiscal Year 2011 /2012 PUBLIC HEARING:
RECOMMENDATION:
Adopt a Resolution of the Redevelopment Agency approving the Fiscal Year
2011 /2012 City of La Quinta Redevelopment Agency Budget and determining the
planning and administration expenses to be funded in Fiscal Year 201 1 /2012.
FISCAL IMPLICATIONS:
All Fiscal Year 201 1 /2012 revenues, operational expenses, debt service payments, and
capital projects are included in the Proposed Fiscal Year 201 1 /2012 Budget (see
Attachment 1 of City Council staff report).
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
At the La Quinta Redevelopment Agency Meeting of June 21, 2011, the Agency
adopted the Preliminary Budget and provided staff direction regarding the Final Budget
for the 201 1 /2012 Fiscal Year.
After the Preliminary Budget Hearing on June 21, 2011, staff has included debt
service costs associated with the recently completed 2011 Taxable Financing
Authority Housing Bond issue and the 2011 Project Area No. 2 Taxable Bond Issue.
.. 004
La Quinta Redevelopment Agency
Changes Between Preliminary vs. Final Budget Accounts
Fiscal Year 2011-2012
Preliminary
Final
La Quinta Redevelopment Agency
Budget
Changes
Budget
Debt Service 2 Fund - Interest expense
0
(347,106)
(347,106)
Debt Service 2 Fund -Transfers out
(3,948,557)
350,000
(3,598,557)
Capital Projects 2 Fund - Transfers in
2,000,000
(350,000)
1,650,000
Low Moderate Income 1 Fund -Transfer out
(7,303,029)
(1,054,936)
(8,357,965)
Low Moderate Income 2 Fund -Transfer out
(4,114,791)
(519,595)
(4,634,386)
Debt Service 1 Fund - Transfer in
4,431,509
1,054,936
5,486,445
Debt Service 2 Fund - Transfer in
1,948,557
519,595
2,468,152
Debt Service 1 Fund - Transfer out
(8,956,152)
(1,054,936)
(10,011,088)
Debt Service 2 Fund - Transfer out
(3,598,557)
5191595
(4,118,152)
1,921,637
Estimated Budget Net increase (decrease)
4,244,098
(1,921,637)
2,322,461
FINDINGS AND ALTERNATIVES:
The alternatives available to the La Quinta Redevelopment Agency include:
1) Adoption of a Resolution of the La Quinta Redevelopment Agency approving the
Fiscal Year 201 1 /2012 La Quinta Redevelopment Agency Budget and
determining the planning and administration expenses to be funded in Fiscal
Year 201 1 /2012; or
2) Do not adopt a Resolution of the La Quinta Redevelopment Agency and do not
approve the Fiscal Year 2011 /2012 La Quinta Redevelopment Agency Budget
and determining the planning and administration expenses to be funded in Fiscal
Year 201 1 /2012; or
3) Provide staff with alternative direction.
Respectfully submitted,
+ 44?j_�
John M. Falconer, Finance Director
005
Approved for submission by:
Thomas P. Genovese, Executive Director
RESOLUTION NO. RA 2011-
A RESOLUTION OF THE LA QUINTA
REDEVELOPMENT AGENCY APPROVING A BUDGET
FOR FISCAL YEAR 2011 /2012
WHEREAS, each year the La Quinta Redevelopment Agency adopts a Budget for
Revenues and Expenditures for the upcoming Fiscal Year; and
WHEREAS, the La Quinta Redevelopment Agency desires to make provisions for
a level of services commensurate with the needs of the City; and
WHEREAS, the La Quinta Redevelopment Agency has reviewed'said budget and
has had several public meetings to receive public input; and
WHEREAS, the La Quinta Redevelopment Agency has, after due deliberation and
consideration, made such amendments in the proposed budget as it considers
desirable; and
NOW, THEREFORE, BE IT RESOLVED by the La Quinta Redevelopment Agency
to adopt, as follows:
SECTION 1. The Fiscal Year 201 1 /2012 Budget which is on file with the La
Quinta Redevelopment Agency Secretary is hereby approved.
SECTION 2. Continuing Appropriations which remain unspent and were
authorized by the Agency in Fiscal Year 2010/201 1 are approved in the Fiscal Year
2011/2012 Budget in an amount not to exceed $1,658,500 and encumbrances are
approved in the Fiscal Year 201 1 /2012 Budget in an amount of 5,425 (Attachment 1).
SECTION 3. Budget adjustment procedures are approved as follows:
A. Additional appropriations and the transfer of cash or
unappropriated fund balance from one fund to another shall be
made only upon Redevelopment Agency approval.
B. Transfers of budgeted appropriations between divisions or capital
projects shall be made only upon Redevelopment Agency approval.
C. Transfers of budgeted appropriations between accounts within a
division or capital project may be made with the approval of the
Executive Director or his designee.
007
Resolution No. RDA 2011
Budget Approval FY 2011/2012
Adopted: July 5, 2011
Page 2
D. Prior year budget continuing Appropriations and Encumbrances for
unexpended capital project appropriations remaining from
uncompleted prior year capital projects shall be made with
Executive Director approval. These carry-over appropriations are
for prior year Redevelopment Agency approved capital projects and
shall not exceed the approved project budget.
SECTION 4. The Executive Director shall render a monthly report to the La
Quinta Redevelopment Agency Board on the status of Agency operations as it relates
to the approved budget and any amendments thereto.
PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta
Redevelopment Agency held on this 5th day of July, 2011, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
TERRY HENDERSON, Chair
La Quinta Redevelopment Agency
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VERONICA J. MONTECINO, CMC, Agency Secretary
La Quinta Redevelopment Agency
(SEAL)
APPROVED AS TO FORM:
M. KATHERINE JENSON, Agency Counsel
La Quinta Redevelopment Agency
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: 4 009.
RESOLUTION NO. RA 2011-
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF LA QUINTA DETERMINING THAT THE
PLANNING AND ADMINISTRATION EXPENSES TO BE
FUNDED IN FISCAL YEAR 2011/2012 BY THE LOW -AND
MODERATE -INCOME HOUSING FUND ARE NECESSARY
FOR THE PRODUCTION, IMPROVEMENT AND/OR
PRESERVATION OF AFFORDABLE HOUSING FOR LOW -
AND -MODERATE INCOME HOUSEHOLDS
WHEREAS, the City Council of the City of La Quinta has heretofore
adopted the Redevelopment Plan for Project Area 1 on December 29, 1983 by
Ordinance No. 43; and
WHEREAS, the City Council of the City of La Quinta has heretofore
adopted the Redevelopment Plan for the, Project Area 2 on May 16, 1989 by
Ordinance No. 139; and
WHEREAS, pursuant to Section 33334.2(a) of the California Community
Redevelopment Law (Health and Safety Code Section 33000 et seq.) not less
than 20% of all taxes which are allocated to the Agency shall be set aside by
the Agency in a Low -and Moderate -Income Housing Fund and used by the
Agency for the purpose of increasing, improving and preserving the
community's supply of low- and moderate -income housing available at
affordable housing costs to people and families of low- and moderate -income;
and
WHEREAS, pursuant to Section 33334.3 (d) of the California Community
Redevelopment Law (Health and Safety Code Section 33000 et seq.) it is the
intent of the California State Legislature that the amount of money spent for
planning and general administration from the Low -and Moderate -Income Housing
Fund not be disproportionate to the amount actually spent for the cost of
production.
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the
City of La Quinta as follows:
1. The Agency hereby determines that it is necessary to allocate $2,107,096
of the estimated $ 17,092,447 Fiscal Year 2011/2012 Affordable Housing
Budget for the planning and administrative expenses necessary for the
production, improvement, and or preservation of low and moderate income
housing during the 2011/2012 fiscal year.
0 010
Resolution No. RA 2011-
Planning & Administrative Expenses FY 2011/2012
Adopted: July 5, 2011
Page 2
2. That the City Clerk shall certify to the passage and adoption of this
resolution and enter it into the book of original resolutions.
PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta
Redevelopment Agency held on this 5th day of July 2011, by the following
vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
TERRY HENDERSON, Chair
La Quinta Redevelopment Agency
ATTEST:
VERONICA J. MONTECINO, CMC, Authority Secretary
La Quinta Redevelopment Agency
(SEAL)
APPROVED AS TO FORM:
M. KATHERINE JENSON, Agency Counsel
La Quints Redevelopment Agency
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COUNCIL/RDA MEETING DATE: July 5, 2011
ITEM TITLE: Discussion of Coral Mountain
Apartment Project
RECOMMENDATION:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
As deemed appropriate, review the preliminary site plan and project status for the
Coral Mountain Apartment project.
FISCAL IMPLICATIONS:
The Disposition and Development Agreement ("DDA") obligates the Agency to invest
$29,000,000 to underwrite design, development and operation of the 176 unit Coral
Mountain Apartment complex. The. Agency has expended $10,023,868 to acquire
property, design roadway and utility infrastructure improvements, prepare a specific
plan, and conduct the environmental review process. No City or Agency bond funds or
other non -Agency funds will be used to underwrite the Agency's $29,000,000
investment.
BACKGROUND AND OVERVIEW:
In 2007, the Agency purchased a 19.97 acre parcel located south of Highway 111,
east of Dune Palms Road, west of the Costco Center and north of the Desert Sands
Unified School District Administrative Campus (Attachment 1). In May 2010, The La
Quinta City Council approved Specific Plan 2008-085 for the property, designating the
south one-half as residential for up to 200 units of affordable housing. Coral Mountain
Apartments (hereinafter 'Project') will be sited on this southern portion.
012
On January 4, 2011, the La Quinta City Council approved a Disposition and
Development Agreement between the Agency Board and Coral Mountain Partners, L.P.
Subsequently, on April 6, 2011, Coral Mountain Partners submitted Site Development
Permit 2011-917 (SDP) for the Project pursuant to the terms of the approved DDA.
The following is a summary of the Project:
> 176 one, two and three bedroom units;
> Common 3,660 s.f. clubhouse building includes a manager's office, recreation room,
laundry area, restrooms and kitchen facilities;
> Common recreation amenities include a half -basketball court, pool and tot -lot;
> Incorporates sustainable design based on United States Green Building Council
(USGBC) Leadership in Energy & Environmental Design (LEED) criteria.
> Will be rented to very low-, low- and moderate -income family households.
The Project architecture is proposed as a Desert Modern/Contemporary style. While
the Project is not pursuing a LEED certification, its design is focused on meeting LEED
Silver criteria. The Project includes many 'green' building features, such as roof -
mounted solar panels and hydronic HVAC systems, which utilize the water heating
system as the source for forced -air heat. The architectural design provides a
significant solar control benefit and, along with other architectural elements such as
softer colors and materials, will help reduce energy demands of the Project.
The Project is being brought before the Agency for informational review and comment
only; no action by the Agency Board is required. On June 22, 2011, the Architecture
and Landscape Review Committee (ALRC) reviewed the Project and, on a 3-0 vote,
recommended that the Planning Commission approve the SDP, subject to the
incorporation of several staff recommendations. The SDP process grants approval
authority to the Planning Commission, which will review the Project on July 12, 2011.
Attachment 2 is the Project plan set submitted with the SDP application, which staff
will review with the Agency Board at the study session. It should be noted that some
Project changes have occurred during the review process, most notably the removal of
the proposed vehicle access gates. Staff will go over all pertinent changes as part of
their presentation to the Agency.
013
Respectfully
Planning Director
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachments: 1. Location Map
2. Project SDP Plan Set (Agency Board only)
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