OBRES 2012-008RESOLUTION NO. OB 2012-008
A RESOLUTION OF THE OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY TO LA QUINTA REDEVELOPMENT
AGENCY MAKING CERTAIN ACKNOWLEDGMENTS AND
APPROVALS WITH RESPECT TO CERTAIN HOUSING
PROPERTIES PREVIOUSLY OWNED BY THE LA QUINTA
REDEVELOPMENT AGENCY
WHEREAS, the Oversight Board of the Successor Agency to La Quinta
Redevelopment Agency ("Oversight Board") has been established to direct the City
of La Quinta, in its capacity as "successor agency," to take certain actions to wind
down the affairs of the former La Quinta Redevelopment Agency ("Agency") in
accordance with the requirements of Assembly Bill 26, also known as chapter 5,
Statutes 2011, First Extraordinary Session, which added Part 1.8 and Part 1.85 of
Division 24 of the California Health and Safety Code ("ABx1 26"); and
WHEREAS, in fulfilling its purpose of expanding the supply of low- and
moderate -income housing in the City of La Quinta, the former Agency, utilizing
funds from its Low- and Moderate -Income Housing Fund, acquired ownership of
several single family homes ("Affordable Homes"), certain vacant parcels
designated for future development of low- and moderate -income housing (the
"Vacant Affordable Parcels"), and a rental apartment project commonly known as
Washington Street Apartments (Washington St. Apts."); and
WHEREAS, the Affordable Homes, Vacant Affordable Parcels, and
Washington St. Apts. are listed on Exhibit A to this Resolution, which is
incorporated herein by this reference; and
WHEREAS, to facilitate the development, operation, and/or use of the
Affordable Homes, the Vacant Affordable Parcels, and the Washington St. Apts.,
for affordable housing purposes, in March 2011 the Agency (i) transferred fee title
to the Affordable Homes and the Vacant Affordable Parcels to the La Quinta
Housing Authority ("Authority"), and (ii) added the Authority to the title of the
Washington St. Apts.; and
WHEREAS, on March 7, 2012, to facilitate title insurance issuance for the
Coral Mountain Apartment Housing Property, the City of La Quinta, acting as
Successor Agency to the Former La Quinta Redevelopment Agency, quitclaimed
the 9.89 acre Coral Mountain Apartment parcel to the La Quinta Housing Authority;
and
Resolution No. OB 2012-008
Approval of Property Transfers to Housing Authority
Adopted: April 18, 2012
Page 2
WHEREAS, on January 2, 2012, the City Council of the City of La Quinta
("City Council" or "City," as applicable) adopted City Council Resolution No. 2012-
002, affirmatively electing to be the "successor agency" to the former Agency; and
WHEREAS, on January 17, 2012, the Authority adopted Housing Authority
Resolution No. 2012-02, electing to be the "housing successor" to the former
Agency.
NOW, THEREFORE, the Oversight Board of the Successor Agency to La
Quinta Redevelopment Agency does hereby resolve as follows:
SECTION 1. The above Recitals are true and correct.
SECTION 2. The City of La Quinta is the "successor agency" to the former La
Quinta Redevelopment Agency.
SECTION 3. The La Quinta Housing Authority is the "housing successor" to the
former La Quinta Redevelopment Agency.
SECTION 4. The Affordable Homes, Vacant Affordable Parcels, Coral Mountain
Apartments Parcel, and Washington St. Apts. are "housing assets" of the former
La Quinta Redevelopment Agency, as that term is used in Health and Safety Code
Sections 34176(a) and 34177(g).
SECTION 5. The transfer of the "housing assets" to the La Quinta Housing
Authority is hereby approved.
PASSED, APPROVED and ADOPTED at a regular meeting of the Oversight
Board of the Successor Agency to the La Quinta Redevelopment Agency held this
18" day of April, 2012 by the following vote, to wit:
AYES: Board Members Ellis, Maysels, Marshall, Osborne and Chairperson
Pena
NOES: Board Member Nelson
ABSENT: Board Member McDaniel.
ABSTAIN: None
Resolution No. OB 2012-008
Approval of Property Transfers to Housing Authority
Adopted: April 18, 2012
Page 3
Oversight Board -of the Successor Agency
to La Quinta Redevelopment Agency
ATTEST:
EXHIBIT A
APN
Original Owner
Cument Owner
Date of Transfer
Usli
Address l Location
600-030 D01
RDA
Housing Auth.
3/1/2011
Vacant/ Dune Palms Property
SEC Dune Palms Rd & Westward Ho
600030PD02
RDA
Housing Auth.
3/12011
Vacant/ Dune Palms Property
SEC Dune Palms Rd & Westward Ho
600-030-003
RDA
Housing Auth.
3/112011
Vacant/ Dune Palms Property
SEC Dune Palms Rd & Westward No
600-030-004
RDA
Housing Auth.
3/112011
Vacant / Dune Palms Property
SEC Dune Palma Rd & Westward Ho
600-030-005
RDA
Housing Auth.
3n12011
Vacant Dune Palms Property
SEC Dune Palma Rd & Westward Ho
600030-008
RDA
Housing Auth.
3/1/2011
Vacant Dune Palms Properly
SEC Dune Palms Rd & Westward No
60003D009
RDA
Housing Auth.
3112011
Vacant Dune Palms Property
SEC Dune Palms Rd & Westward Ho
609-040-007
RDA
RDA/Housing Auth.
NI2011
Affordable ApaNrwnts/Washing St Apt;
SEC Hidden River Rd& Washington$treat
609-04D-023
RDA
RDA/Housing Auth,
3112011
Affordable Apartment/Washing St Apts
SEC Hidden River Rd& Washington Steel
609-040-028
RDA
Housing Auth.
N12011
Vacant Future Affordable Housing Units
SEC Hidden River Rd & Washington Sheet
773-077-014
RDA
Housing Auth.
3r12011
Vacant I Village Commercial
Avenida Montezuma / North of Park
773223022
RDA
Housing Auth.
3112011
Vacant/Cove
NEC Avenida Herrera/Calls Sonora
773233-019
RDA
Housing Auth.
3/12011
Vacant) Cove
West Side of Avenida Villa between Calls Durango and Calle Sonora
770-174.002
RDA
Housing Auth.
3112011
Vacant Residential Property
Gallo Tamazula south of Avenida la Fonda
770-166-019
RDA
Housing Auth.
3112011
Rental House/Cave
51-395 Calls Kalima
773083021
RDA
Housing Aulh,
3112011
Rental House/Cove
51.395 Avenida Vallejo
T73152-015
RDA
Housing Auth.
3112011
Rental House/Cove
51-805 Avenida Cortez
774-175.007
RDA
Housing Auth.
3/12011
Rental House/Cave
53-880 Avenida Navarro
T74-211-CM
RDA
Housing Auth.
3/12011
Rental House l Cove
54-120 Avenida Carranza
774-213-023
RDA
Housing Auth.
3r12011
Rental House/Cove
64.245 Avenida Herrera
T74-232-032
RDA
Housing AuN.
3112011
Rental House l Cove
54-280 Avenida Madero
774-122-016
RDA
Housing Auth.
31112011
Rental House I Cove
53-565 Avenida Vallejo
774-131-013
RDA
Housing Auth.
3112011
Rental House/Cove
53523 Avenida Martinez
774-131-014
RDA
Housing Auth.
3/1I2011
Rental House l Cove
53-541 Avenida Martinez
773265020
RDA
Housing Auth.
3/12011
Rental House /Cove
52425 Eisenhower Drive
773-281.020
RDA
Housing Auth.
3112011
Rental House/Cove
52-635 Avenida Diaz
774-143017
RDA
Housing Auth.
3112011
Rental House/Cove
53-825 Avenida Juarez
774-151-023
RDA
Housing Aunt.
3/12011
Rental House/Cove
53965Avenoa Diaz
T74.15M14
RDA
Housing Auth.
3112011
RentalHouse/Cove
53775Avenida Alvarado
T74-163015
RDA
Housing Auth.
3112011
Rental House/Cove
53795Avenida Hamm
T73326-024
RDA
Housing AUPI.
N12011
Rental House /Cove
52-985 Eisenhower Drive
771333018
RDA
Housing Auth.
311/2011
Rental House/Cove
52-835Avenida Villa
T73333-019
RDA
Housing Auth.
312011
Renal House/Cove
52-845Avenida Villa
774-044-017
RDA
Housing Auth.
3112011
Rental House/Cove
53-105Avenida Obregon
774-044-020
RDA
Housing Auth.
3112011
Rental House/Cove
53-155Avenida Obregon
T74-044-021
RDA
Housing AuM.
31112011
Rental House/Cove
53-175 Avenida Obregon
774-053-017
RDA
Housing Auth.
3112011
Rental House l Cove
53105 Avenida Hemem
774D94-014
RDA
Housing Auth.
3r12011
Rental House l Cove
53-275 Avenida Navarm
773321-013
RDA
Fousing Auth.
3112011
Rental House l Cove
52.985 Avenida Cartanza
773-322-025
RDA
Housing Auth.
3r12011
Rental House l Cove
52.855 Avenida Ramirez
773-295017
RDA
Housing Auth.
3112011
Rental House I Cove
52-565 Eisenhower Drive
773222.022
RDA
Housing Auth.
3112011
Rental House l Cove
52-225Avenida Vallejo
600-020-054
RDA
Housing Auth.
392012
Coral Mountain Apartments (176 Units)
SEC of Dune Palms Rd. / Hwy 111, west of Cosim Wholesale
773212-011
RDA
Housing Auth.
3112011
Foreclosure House l Cave
77-330 Calls Sonora
773221-001
RDA
Housing Auth. then RDA 3/12011
Foreclosure House l Cove
52-D50 Avenida Cauterize
773-302-020
RDA
Housing Auth.
3112011
Foreclosure House I Cove
52-681 Avenida Mendoza
T74-134.017
RDA
Housing Auth.
3/112011
Foreclosure House I Cove
53-645 Avenida Navarro
774-171-010
RDA
Housing Auth.
3112011
Foreclosure House/Cove
53.940 Eisenhower Drive
774-211-006
RDA
Housing AO.
3/12011
Foreclosure House/Core
54-120 Avenida Camanza