2012 02 21 SA MinutesCITY AS SUCCESSOR AGENCY
TO THE LA QUINTA REDEVELOPMENT AGENCY
MINUTES
FEBRUARY 21, 2012
A meeting of the City Council in their capacity as Successor Agency to the La
Quinta Redevelopment Agency ( "SA ") was called to order at the hour of 6:35 p.m.
by Chairperson Adolph.
PRESENT:
Agency Members Evans, Franklin, Henderson, Osborne, Chairperson Adolph.
ABSENT: None
CLOSED SESSION - NONE
PUBLIC COMMENT - NONE
CONFIRMATION OF AGENDA - Agenda confirmed.
APPROVAL OF MINUTES
MOTION - A motion was made by Agency Members Franklin /Evans to approve the
minutes of February 7, 2012 as submitted. Motion passed 4 -0 -1. Council Member
Osborne abstained due to his absence from that meeting.
CONSENT CALENDAR
1. APPROVAL OF DEMAND REGISTER DATED FEBRUARY 21, 2012
2. RECEIVE AND FILE TREASURER'S REPORT DATED DECEMBER 31, 2011
3. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT FOR
31, 2011
MOTION - A motion was made by Agency Members Evans /Osborne to approve the
Consent Calendar as recommended. Motion carried unanimously.
BUSINESS SESSION
1. CONSIDERATION OF THE MID -YEAR BUDGET REVIEW
Finance Director Falconer presented the staff report which contained five
recommendations from staff.
CITY AS SUCCESSOR AGENCY TO RDA 1 FEBRUARY 21, 2012
In response to Council Member Osborne, e City Attorney Jenson stated that
ultimately cash balances not needed to,pay,enforceable obligations would be turned
over to the County Auditor for distribution of which the City would receive its
portion.
MOTION - A motion was made by Agency Members Henderson /Evans to approve
staff's recommendations as submitted. Motion passed unanimously.
2. CONSIDERATION OF ADOPTION OF A RESOLUTION APPROVING THE
DRAFT RECOGNIZED OBLIGATION PAYMENT SCHEDULE OF THE FORMER
LA QUINTA REDEVELOPMENT AGENCY
Economic Development / Housing Manager Powell presented the staff report.
City Attorney Jenson informed Council that due new information received from the
County, and staff's desire to preserve the City's ability to get fully reimbursed for its
expenses, some footnotes, corrections and clarifications may be needed to the
Schedule.
MOTION - A motion was made by Agency Members Evans /Osborne to adopt
Resolution No. SA 2012 -001 entitled: "A Resolution of the City of La Quinta Acting
As The Successor Agency To La Quinta Redevelopment Agency Adopting The Draft
Recognized Enforceable Obligation Payment Schedule ", and authorizing staff to
make changes as necessary to properly code the source of payments. Motion
passed unanimously.
STUDY SESSION - NONE
Agency Members concluded Successor Agency business at 6:47 pm.
Respectfully submitted,
1 �
Susan Maysels
Interim City Clerk
City of La Quinta, California
CITY AS SUCCESSOR AGENCY TO RDA 2 FEBRUARY 21, 2012