2013 01 15 SAAgendas and staff reports are now
available on the City's web page:
www.la-quinta.org
CITY AS SUCCESSOR AGENCY
To The La Quinta Redevelopment Agency
AGENDA
CITY HALL COUNCIL CHAMBERS
78-495 Calle Tampico, La Quinta
REGULAR MEETING on TUESDAY, JANUARY 15, 2013 AT 4:00 P.M.
Beginning Resolution No. SA 2013-001
CALL TO ORDER
ROLL CALL:
Agency Members: Evans, Franklin, Henderson, Osborne, Chairperson Adolph
CLOSED SESSION - NONE
PUBLIC COMMENT
At this time, members of the public may address the City Council on any matter not listed
on the agenda. Please complete a "request to speak" form and limit your comments to
three minutes. The City Council values your comments; however in accordance with State
i
law, no action shall be taken on any item not appearing on the agenda unless it is an
emergency item authorized by GC 54954.2(b).
CONFIRMATION OF AGENDA
PRESENTATIONS — NONE
WRITTEN COMMUNICATIONS — NONE
APPROVAL OF MINUTES
1 . MINUTES OF JANUARY 2, 2013
001.
CITY AS SUCCESSOR AGENCY TO RDA 1 JANUARY 15, 2013
CONSENT CALENDAR
NOTE: Consent Calendar items are routine in nature and can be approved by one motion.
1 . DEMAND REGISTER DATED JANUARY 15, 2013
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORTS DATED
NOVEMBER 30, 2012 AND INVESTMENT SUMMARY REPORT FOR THE
QUARTER ENDING DECEMBER 31, 2012
3. RECEIVE AND FILE TREASURER'S REPORT DATED NOVEMBER 30, 2012
DEPARTMENT REPORTS - NONE
BUSINESS SESSION - NONE
STUDY SESSION - NONE
ADJOURNMENT
The next regular meeting of the City as Successor Agency to the La Quinta
Redevelopment Agency will be held on February 5, 2013, commencing with closed
session at 3:00 p.m. and open session at 4:00 p.m. at the City Hall Council
Chambers, 78-495 Calle Tampico, La Quinta, CA 92253.
DECLARATION OF POSTING
1, Susan Maysels, Agency Secretary of the City as Successor Agency to the La Quinta
Redevelopment Agency, do hereby declare that the foregoing agenda was posted on the
outside entry to the Council Chamber at 78-495 Calle Tampico and on the bulletin boards
at the La Quinta Cove Post Office at 51-321 Avenida Bermudas and at the Stater Brothers
Supermarket at 78-630 Highway 111, on January 11, 2013.
DATED: January 10, 2013
�n
SUSAN MAYSELS, Agency Secretary
Successor Agency to the
La Quinta Redevelopment Agency
'1 002
CITY AS SUCCESSOR AGENCY TO RDA 2 JANUARY 15, 2013
Public Notices
The La Quinta City Council Chamber is handicapped accessible. If special
equipment is needed for the hearing impaired, please call the City Clerk's Office at
777-7103, twenty-four (24) hours in advance of the meeting and accommodations
will be made.
If special electronic equipment is needed to make presentations to the Successor
Agency, arrangement should be made in advance by contacting the City Clerk's
Office at 777-7103. A one (1) week notice is required.
If background material is to be presented to the Successor Agency during a
meeting, please be advised that eight (8) copies of all documents, exhibits, etc.,
must be supplied to the City Clerk for distribution. It is requested that this take
place prior to the beginning of the meeting.
Any writings or documents provided to a majority of the Successor 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 Calle Tampico, La Quinta,
California, 92253, during normal business hours.
;1 �003
CITY AS SUCCESSOR AGENCY TO RDA 3 JANUARY 15', 2013
CITY / RA� HA / FA MEETING DATE: January 15, 2013
ITEM TITLE: Demand Register Dated
January 15, 2013
RECOMMENDED ACTION:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
It is recommended the Successor Agency of the La Quinta Redevelopment Agency:
Receive and File the Demand Register Dated
January 15, 2013 of which $6,084.50
Represents Successor Agency Expenditures as detailed below:
Vendor: Account #: Amount: Purpose:
Rutan & Tucker
231-9001-702.32-01
$960.00
Retainer
Rutan & Tucker
232-9002-702.32-01
$480.00
Retainer
Rutan & Tucker
232-9002-702.32-01
$115.00
SA -Coral Mt DDA
Rutan & Tucker
237-9001-702.32-01
$480.00
Retainer
Rutan & Tucker
237-9001-702.32-01
$3,089.50
SA-AB26 Implementation
Rutan & Tucker
238-9002-702.32-01
$960.00
Retainer
By adoption of Resolution No. 2012-002, the City of La Quinta has affirmatively elected to be
the Successor Agency of the La Quinta Redevelopment Agency. Pursuant to Health and
Safety Code Section 34177(a), the Successor Agency of the La Quinta Redevelopment
Agency shall continue to make payments required pursuant to an adopted enforceable
obligations payment schedule. The payments above are required pursuant to the enforceable
obligations payments schedule adopted by the La Quinta Redevelopment Agency on January
17,2012.
004
Pursuant to Health and Safety Code Section 34173(e), the liability of the Successor Agency of
the La Quinta Redevelopment Agency, when acting pursuant to the powers granted under
ABX126, are limited to the extent of the total sum of property tax revenues it receives pursuant
to part 1.85 of ABX126 (e.g., Health and Safety Code Sections 34170 — 34190) and the value
of assets transferred to it as Successor Agency for the dissolved La Quinta Redevelopment
Agency.
EXECUTIVE SUMMARY:
None.
FISCAL IMPACT:
None.
BACKGROUND/ANALYSIS:
None.
ALTERNATIVES:
None.
Respectfully submitted,
Robbeyn Sird, Finance Director
A. , 005
7 4,1 ceit!t 4 4a 42"Itraj
AGENDA CATEGORY:
CITY/fi�A/FA MEETING DATE: January 15, 2013 BUSINESS SESSION:
ITEM TITLE: Receive and File Transmittal of Revenue CONSENT CALENDAR:
and Expenditure Report dated November 30, 2012 STUDY SESSION:
and Investment Summary Report for the Quarter
Ending December 31, 2012 PUBLIC HEARING:
RECOMMENDED ACTION:
Receive and File
EXECUTIVE SUMMARY:
Monthly and year-to-date revenues and expenditures of the Successor Agency to
the La Quinta Redevelopment Agency and investment Summary Report for the
Quarter Ending December 31, 2012.
FISCAL IMPACT:
None.
BACKGROUND/ANALYSIS:
Receive and File Transmittal of the November 30,
and Expenditures for the Successor Agency to
Agency and Investment Summary Report for the
2012.
ALTERNATIVES:
None.
Respectfully submitted,
2012 Statements of Revenue
the La Quinta Redevelopment
Quarter Ending December 31,
Robbeyn EWrd, Finance Director
Attachments: 1. Revenue and Expenditures Report for November 30, 2012
2. Investment Summary Report for the Quarter Ending
December 31, 2012
006
ADJUSTED 10131112 REMAINING
SUCCESSOR AGENCY BUDGET EXPENDITURES ENCUMBERED BUDGET
EXPENDITURE SUMMARY
PR04ECT AREA NO, 1:
131,018 W
49,618 45
000
81.19955
SERVICES
REIMBURSEMENT TO GEN FUND
307.461 �00
120,110.00
000
1?9,351.00
000
TRANSFERS OILIT
0.00
0,00
177,920.45
000
0.00
2W,550.55
TOTAL PA I - Ad -I
PROJECT AREA NO. 2:
0.00
4,27000
000
(4,27000)
SERVICES
REIMBURSEMENT TO GEN FUND
151,43900
33� 100 00
coo
B8.339,00
000
TRANSFERS OUT
000
0,00
6737000
000
09 0
TOTAL PA 2 - ACI.i
TOTAL SUCCESSOR AGENCY - Aftil
000
�4 6ig 55
pRWECT AREA NO, 1:
5,40,961,00
4.355,00
0,00
5,495,606 00
SERVICES
000
000
000
a0l)
BOND PRINCIPAL
000
0,00
000
000
BOND INTEREST
000
000
000
000
REIMBURSEMENT TO GEN FUND
000
000
15,400,00
TRANSFERS OUT
is QO Go
4 355�00 ----TOO
5-51,00600
TOTAL PA 1 - Pmgra
PROJECT AREA NO, 2:
am
29,950 98
000
(29.95098)
SERVICES
BOND PRINCIPAL
000
000
0,00
000
BOND INTEREST
000
0,00
000
000
REIMBURSEMENT TO GEN FUND
000
coo
212,37600
TRANSFERS OUT
212,376,00
2995090
0,00
182.42502
TOTAL PA 2 - PragmM
TOTAL SUCCESSOR AGENCY - Pr,,,IrS
---T4 W5 98
�—O005
693 43102
TOTAL SUCCESSOR AGENCY
663805-057
007
SUCCESSOR AGENCY TO THE
0710112012-1113012012
REMAINING
%
LA QUINTA REDEVELOPMENT AGENCY
ADJUSTED
BUDGET
RECEIVED
BUDGET
RECEIVED
REVENUE SUMMARY
PROJECT AREA NO. 1,
LOWIMODERATE TAX FUND:
6,22T.990.00
0.00
6,227,990 00
0.000%
County of Riverside
0,00
0.46
(0.46)
0000%
Nlocated Interest
0,00
1.054.19
(1,054,19)
0.000%
Non Allocated Interest
0.00
165.26
1165,26)
0000%
Miscellaneous revenue
0.00
000
0,00
0.000%
Non Allocated Interest
000
1 432,94
1,432.9�4
0,000%
Transfer In
6,227,990,00
652.85
6,225,337 15
0.040%
TOTAL LOWIMOD TAX
DEBT SERVICE FUND:
10,273,472 00
0.00
10,273,472.00
0.000%
County of Riverside
0,00
000
0.00
0,000%
Allocated Interest
0,00
260,76
(260,76)
0.000%
Non Alocated Interest
0�00
0,00
000
0.000%
Transfers In
TOTAL DEBT SERVICE
-
CAPITAL IMPROVEMENT FUND
0�00
1.943,68
(1,943.68)
0.000%
Pooled Cash Allocated Interest
15,400.00
5,241.60
10,158,40
34,G40%
Non Allocated Interest
0,00
000
0.00
0.000%
Developer Agreement Funding
0,00
0.00
0�00
0.000%
Sale of Land Proceeds
0.00
0.00
0,00
0.000%
Rental Income
0,00
0,00
0.00
0.000%
Litigation Proceeds
0�00
0.00
000
0.000%
Transfers In
TOTAL CAPITAL IMPROVEMENT
-
zoll TAXABLE HOUSING BOND FUND: (249)
0.00
0.00
0,00
0,000%
Pooled Cash Allocated Interest
10,000,00
9,90839
91.61
99,060%
Non Allocated Interest
0,00
0,00
000
0.000%
Developer Agreement Funding
0.00
0.00
0�00
0,000%
Sale of Land Proceeds
000
0,00
0,00
0.000%
Rental Income
0.00
0.00
0.00
0.000%
Litigation Proceeds
0.00
0.00
000
0�000%
Transfers In
TOTAL 2011 TAXABLE HOUSING BOND
-
AWS,
SUCCESSOR AGENCY TO THE
I -A QUINTA REDEVELOPMENT AGENCY
EXPENDITURE SUMMARY
PROJECT AREA NO. 1:
ADJUSTED 10131=12 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
LOWNODERATE TAX FUND:
000
coo
c 00
000
SERVICES
2,071,650 00
1.723.25) 00
000
�8.400 00
BOND PRINCIPAL
4,156,NQ 00
2,104,02163
0,00
2,052,318 37
BONDINTEREST
0,00
000
000
REIMBURSEMENT TO GEN FUND
0.00
461207347
000
100,17853
TRANSFERS OUT
4712,25200
8!439,345.10
000
2.500,696 90
TOTAL LOINNOD TAX
101940,242 00 _
DEBT SERVICE FUND�
16.600,00
0,00
0,00
16,600,00
SERVICES
3,765.000 00
3,3011,050 00
0,00
456.95000
BOND PRI NCIPAL
6,491,872 00
3,289,314 13
000
3,202.557 87
BOND INTEREST
0,00
000
000
000
TRANSFERS OUT
TOTAL DEBT SERVICE
0 00-3
676 107 87
CAPITAL IMPROVEMENT FUND:
0.00
000
000
0.00
SERVICES
0,00
000
0,00
0�00
REIMBURSEMENT TO GEN FUND
25T294,00
0�00
9183778,00
TRANSFERS OUT
TOTAL CAPITAL IMPROVEMENT—
9 209.072,00
920907200
_�46,
2
1,01
_9, 183,778 00
2011 TAXABLE HOUSING BOND(249) 0 N 000 0,00 0,00
SERVICES 25.514,502 00
TRANSFERS OUT 25,514,502,00 000 000
TOTAL 2011 TAXABLE HOUSING SON
m
SUCCESSOR AGENCY TO THE
0710112012 - 1113012012
REMAINING
%
LA QUINTA REDEVELOPMENT AGENCY
ADJUSTED
RECEIVED
BUDGET
RECEIVED
REVENUE SUMMARY
BUDGET
PROJECT AREA NO. 2:
LOWIMODERATE TAX FUND:
2,665,855,00
0,00
2,665,855.00
0.000%
County of Riverside
0.00
1.81
(1 �81)
0000%
Allocated Interest
0,00
6092
(60.92)
0.000%
Non Allocated Interest
0.00
10
705.78)
0,000%
Transfer In
2,665,855.00
ENN,
2 665 ONA9
0,030%
TOTAL LOWIMOD TAX
2004 LOWIMODERATE BOND FUND:
0.00
0.00
0,00
0.000%
Nlocated Interest
0.00
0.00
0.00
0.000%
Home Sale Proceeds
0.00
1,387.25
(1,387.25)
0L00%
Non AjIocated Interest
0,00
0�00
000
0.000%
Transfer In
TOTAL LOWIMOD BOND
DEBT SERVICE FUND:
941,946,00
0,00
941,94600
0.000%
County of Riverside
0.00
0.00
OLO
0,000%
Allocated Interest
0.00
1,119.80
(ij ig 80)
0.000%
Non Allocated Interest
0.00
0.00
0,00
0,000%
interest Advance Proceeds
0.00
0.00
000
0.000%
Transfer In
TOTAL DEBT SERVICE
-
-
CAPITAL IMPROVEMENT FUND:
000
0.00
0.00
0.000%
Allocated Interest
19,500.00
8,798.55
10,701.45
45.120%
Non Allocated Interest
0,00
0,00
0.00
0.000%
Misc Revenue
0.00
0.00
0.00
0,000%
Sale of lend
O.DO
000
0,00
0.000%
Transfers In
19,500.00
8,798.55
TOTAL CAPITAL IMPROVEMENT
2011 TAXABLE NON -HOUSING BOND FUND: (417)
0.00
000
0.000%
Pooled Cash Nlocated Interest
0.00
0,00
(156.00)
156.00
0.000%
Non Allocated Interest
0.00
0.00
0.00
0.000%
Developer Agreement Funding
0�00
0�00
0.(10
0000%
Sale of Land Proceeds
0,00
0.00
0.00
0,000%
Rental Income
0.00
0.00
0�00
0,000%
Litigation Proceeds
0�00
0.00
000
0.000%
Transfem In
TOTAL 2011 TAXABLE NON-HOUS114G BOND
010
SUCCESSOR AGENCY TO THE
LA QUINTA REDEVELOPMENT AGENCY
EXPENDITURE SUMMARY
PROJECT AREA NO. 2:
AD,JUSTED 10alMO12 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
LOW)MODERATE TAX FUND:
coo
000
0,00
0�00
SERVICES
BOND PRINCIPAL
623,700 00
623,70000
000
0,00
000
1,014,060 07
BONDINTEREST
2,042,155,00
1,028,094 13
0.00
000
0,00
REIMBURSEMENT TO GEN FUND
000
13,429.7NDC
13.329.563 03
— G 00
100,1 72D7
TRANSFERS OUT
TOTA� LOWSOD TAX
095 59100
14 Ni 357 16
— —
(Too
1-11423384
2004 LOWIMODERATE BOND FUND 0,00 0,00 0,00 000
HOUSING PROGRAMS 000 000 000
LAND 000
TRANSFERS OUT 2,997,694 00 000 2,953,4018
1 .11 I�A 113
TOTAL LOANOO BOND 2 997 6� 00
DEBT SERVICE FUND:
000
000
000
000
SERVICES
175,000,00
175,000,00
000
0,00
BOND PRINCIPAL
757,64600
381.08688
0.00
376.559,12
BONDINTEREST
000
000
000
TRANSFERS OUT
TOTAL DEBT SERVICE
000
932,64600
5505.0M 88
000
37655912
CAPITAL IMPROVEMENT FUND:
0,00
000
0.00
000
SERVICES
coo
000
000
0�00
CAPITAL
000
000
000
coo
REIMBURSEMENT TO GEN FUND
879855
000
10,701.45
TRANSFERS OUT
19,50000
�ou
701 45
TOTAL CAPITAL IMPROVEMENT
19.500 00
_1,793.15
2011 RDA 2 TAXABLE BOND FUND:1417) mo 000 0,00 Goo
SERVICES 711,855.41 000 41,79359
ECONOMIC DEVELOPMENT 753,649.00 0,00 000 2,3N,786.00
TRANSFERS OUT 2,30.7M 00 .----000 2-441 57959
TOTAL RDA NO. 2 TAXABLE BONEF 3 1-53 CIS 00 711.855.41
Oil
0710112012 - 1113012012
ADJUSTED REMAINING %
SUCCESSOR AGENCY RECEIVED
REVENUE SUMMARY BUDGET RECEIVED BUDGET
PROJECT AREA NO. I Admin (237)
476,656.00
000
476,656,00
0.000%
County of Riverside
000
0.00
0.00
0.000%
Pooled Cash Allocated Interest
0.00
0.00
0,00
0000%
Non AJIocated Interest
15,400.00
0�00
15,400.00
--i9-2056
0.000%
Transfers In
492,056,00
u.uu
.00
0�00u%
TOTAL PA 1
PROJECT AREA NO. 2 Admin (238)
323,939�00
0.00
323.939.00
0.000%
County of Riverside
0.00
0.00
0,00
0000%
Pooled Cash Allocated Interest
0.00
0�00
0,00
0,000%
NmAllocated)nterest
19500.00
1950000
0,000%
Transfers In
343,439,00
o.u.
343,439�00
0000%
TOTAL PA 2
835,495.00
V...
835,49500
0000%
TOTAL SUCCESSOR AGENCY - ADMIN
PROJECT AREA NO. 1 Project (2311)
000
0,00
000
0.000%
County of Riverside
0.00
2,588.76
(2,588,76)
0�000%
Pooled Cash Allocated Interest
0,00
0,00
0,00
0,000%
Non Allocated Interest
15,400.00
22'59B.00
7 i9fl.OM
146.740%
Transfers In
TOTAL PA I
PROJECT AREA NO. 2 Project (232)
192,876�00
0,00
192,876.00
0.000%
County of Rivemide
0.00
0.00
0�00
0000%
Pooled Cash Allocated)nferest
0,00
000
0,00
0.000%
Non Allocated Interest
19,500,00
879855
10,701 45
45120%
Transfers In
212.376.00
203,577,45
4,140%
TOTAL PA 2
TOTAL SUCCESSOR AGENCY - PROGRAM
227,776�00
193,790,69
14,920%
1,063,271.00
4i'vo..41
1,029,285,69
3,200%_
TOTAL SUCCESSOR AGENCY
012
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AGENDA CATEGORY:
COUNCIL/��A MEETING DATE: January 15, 2013 BUSINESS SESSION:
ITEM TITLE: Receive and File Transmittal of CONSENT CALENDAR: 3
Treasurer's Reports as of November 30, 2012
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDED ACTION:
It is recommended the Successor Agency to the La Quinta Redevelopment Agency
Board:
Receive and Me.
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
014