2012 06 05 HA MinutesLA QUINTA HOUSING AUTHORITY
MINUTES
SPEC /AL MEETING
TUESDAY, JUNE 5, 2012
A special meeting of the La Quinta Housing Authority was called to order at the
hour of 9:33 p.m. by Chairperson Evans.
PRESENT: Authority Members Adolph, Franklin, Henderson, Osborn, Chair Evans
ABSENT: None
VERBAL ANNOUNCEMENT - AB 23 was made by the Interim City Clerk
PUBLIC COMMENT - None
CONFIRMATION OF AGENDA - Confirmed
APPROVAL OF MINUTES
1. APPROVAL OF MINUTES OF MAY 15, 2012
MOTION - A motion was made by Authority Members Franklin /Henderson to
approve the minutes of May 15, 2012 as submitted. Motion passed unanimously.
CONSENT CALENDAR
1. ADOPTION OF FISCAL YEAR 2012/2013 PRELIMINARY BUDGET
2. RATIFICATION OF MUTUAL TERMINATION OF AGREEMENT WITH
ROSENOW SPEVACEK GROUP RELATING TO WASHINGTON STREET
APARTMENT REHABILITATION
MOTION - A motion was made by Authority Members Franklin /Henderson to
approve the Consent Calendar items as recommended. Motion passed
unanimously.
BUSINESS SESSION
1. CONSIDERATION OF A RESOLUTION APPROVING THE IMPLEMENTATION
OF THE WASHINGTON STREET APARTMENT REHABILITATION PROJECT,
APPROVING THE USE OF 2004 TAX - EXEMPT HOUSING BOND PROCEEDS
AND 2011 TAXABLE HOUSING BOND PROCEEDS TO FUND THE PROJECT,
CONFIRMING THE STATUS OF THE HOUSING BOND PROCEEDS AS
HOUSING ASSETS TRANSFERABLE TO THE LA QUINTA HOUSING
HOUSING AUTHORITY MINUTES 1 SPECIAL MEETING JUNE 5, 2012
AUTHORITY, AND AMENDING THE RECOGNIZED OBLIGATION PAYMENT
SCHEDULE TO REFLECT THE PROJECT AND PAYMENTS
Economic Development /Housing Manager Powell presented the staff report.
MOTION - A motion was made by Authority Members Henderson /Adolph to adopt
Resolution No. HA 2012 -004 entitled: A RESOLUTION OF THE LA QUINTA
HOUSING AUTHORITY APPROVING THE IMPLEMENTATION OF THE
WASHINGTON STREET APARTMENT REHABILITATION PROJECT, APPROVING
THE USE OF 2004 TAX - EXEMPT HOUSING BOND PROCEEDS AND 2011
TAXABLE HOUSING BOND PROCEEDS TO FUND THE PROJECT, CONFIRMING
THE STATUS OF THE HOUSING BOND PROCEEDS AS HOUSING ASSETS
TRANSFERABLE TO THE LA QUINTA HOUSING AUTHORITY, AMENDING THE
RECOGNIZED OBLIGATION PAYMENT SCHEDULE TO REFLECT THE PROJECT
AND PAYMENTS, AND APPROPRIATING $7,008,718 IN 2011 TAXABLE
HOUSING BOND PROCEEDS TO FUND THE PROJECT.
Motion passed unanimously.
CHAIR AND BOARD MEMBERS' ITEMS - None
PUBLIC HEARINGS - None
ADJOURNMENT
There being no further business, it was moved by Authority Members
Adolph /Osborne to adjourn at 9:34 p.m. Motion passed unanimously.
Respectfully submitted,
S�A� h4u�
Susan Maysels
Interim Authority Secretary
La Quinta Housing Authority
HOUSING AUTHORITY MINUTES 2 SPECIAL MEETING JUNE 5, 2012