2012 04 17 SA MinutesCITY AS SUCCESSOR AGENCY
TO THE LA QUINTA REDEVELOPMENTAGENCY
MINUTES
APRIL 17, 2012
A regular meeting of the La Quinta City Council in its capacity as Successor
Agency to the Dissolved La Quinta Redevelopment Agency ( "SA ") was called to
order at the hour of 5:28 p.m. by Vice Chairperson - Henderson.
PRESENT: SA Members Evans, Franklin, Osborne, Vice Chairperson Henderson
ABSENT: SA Chairperson Adolph
MOTION — A motion was made by SA Members Evans / Osborne to excuse the
absence of Chairperson Adolph.
CLOSED SESSION - None
PUBLIC COMMENT - None
CONFIRMATION OF AGENDA - Confirmed
APPROVAL OF MINUTES
1. APPROVAL OF MINUTES OF APRIL 3, 2012
MOTION — A motion was made by SA Members Evans /Osborne to approve the
minutes of April 3, 2012 as submitted. Motion passed 4 -0 -1 absent.
CONSENT CALENDAR
1. APPROVAL OF DEMAND REGISTER DATED APRIL 17, 2012
2. RECEIVE AND FILE TREASURER'S REPORT DATED FEBRUARY 29, 2012
3. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT FOR FEBRUARY
29, 2012, AND INVESTMENT SUMMARY REPORT FOR THE QUARTER
ENDING MARCH 31, 2012
4. ADOPTION OF A RESOLUTION AUTHORIZING THE EXECUTIVE DIRECTOR
TO EXECUTE CERTIFICATES OF ACCEPTANCE FOR DEEDS AND OTHER
CONVEYANCES
5. APPROVAL OF AN APPROPRIATION TO FUND A LOAN TO CORAL
MOUNTAIN PARTNERS, LP FOR THE CONSTRUCTION OF A 176 -UNIT
SUCCESSOR AGENCY MINUTES 1 APRIL 17, 2012
AFFORDABLE HOUSING DEVELOPMENT EAST OF THE INTERSECTION OF
DUNE PALMS ROAD /HIGHWAY 111
MOTION — A motion was made by SA Members Evans /Osborne to approve the
Consent Calendar as recommended with Item No. 4 being adopted by RESOLUTION
NO. SA 2012 -006. Motion passed 4 -0 -1 absent.
BUSINESS SESSION - NONE
STUDY SESSION — NONE
REPORTS AND INFORMATIONAL ITEMS
1. OVERSIGHT BOARD MINUTES OF MARCH 7, 2012
SA Member Osborne reported that the March 7,h Oversight Board meeting went
very well. Members approved the Coral Mountain and Torre Nissan projects. He
informed SA Members that the Oversight Board would be meeting tomorrow to
approve the transfer of housing property titles from the Redevelopment Agency to
the Housing Authority.
ADJOURNMENT
There being no further business, it was moved by SA Members Evans /Franklin to
adjourn at 5:32 p.m. Motion passed 4 -0 -1 absent.
Respectfully submitted,
Susan Maysels, Int rim Secretary
Successor Agency to the
Dissolved La Quinta Redevelopment Agency
SUCCESSOR AGENCY MINUTES 2 APRIL 17, 2012