2013 05 21 SA MinutesSUCCESSOR AGENCY TO THE
LA QUINTA REDEVELOPMENT AGENCY
MINUTES
TUESDAY, MAY 21, 2013
A regular meeting of the La Quinta City Council in their capacity as Successor Agency
to the La Quinta Redevelopment Agency ( "SA ") was called to order at 8:49 p.m. by
Chairperson Adolph.
PRESENT: Agency Members Evans, Franklin, Henderson, Osborne, Chair Adolph
ABSENT: None
PUBLIC COMMENT - None
CLOSED SESSION - None
CONFIRMATION OF AGENDA - Confirmed
PRESENTATIONS - None
WRITTEN COMMUNICATIONS - None
APPROVAL OF MINUTES
MOTION — A motion was made and seconded by Agency Members Evans /Franklin to
approve the minutes of May 7, 2013 as submitted. Motion passed: ayes 4, noes 0,
abstain 1 (Chairperson Adolph was absent for the 5/7/2013 meeting).
CONSENT CALENDAR
1. DEMAND REGISTER DATED MAY 21, 2013
2. TREASURER'S REPORT DATED MARCH 31, 2013
3. REVENUE AND EXPENDITURE REPORT DATED MARCH 31, 2013
MOTION — A motion was made and seconded by Agency Members Franklin /Evans to
approve the Consent Calendar as recommended. Motion passed unanimously.
DEPARTMENT REPORTS - None
BUSINESS SESSION
SUCCESSOR AGENCY TO RDA MINUTES
MAY 21. 2013
1. TAX ALLOCATION BOND ISSUE REFUNDING
City Manager Spevacek presented the staff report, which is on file in the City Clerk's
Office. Robin Thomas of Southwest Securities provided additional information.
MOTION — A motion was made and seconded by Agency Members Franklin/Evans to
initiate the process to refund the former Redevelopment Agency's Tax Allocation Bonds
in the amount of $197,575,000. Motion passed unanimously.
STUDY SESSION
1. PRELIMINARY FISCAL YEAR 2013/2014 BUDGET
Agency Members waived the staff report presentation because this was covered in the
presentation and discussion held during the Council meeting.
ADJOURNMENT
There being no further business, it was moved by Agency Members
Henderson /Osbome to adjourn at 8:54 p.m. Motion passed unanimously.
Respectfully submitted,
SUSAN MAYSELS, ency Secretary
Successor Agency to the dissolved
La Quinta Redevelopment Agency
SUCCESSOR AGENCY TO RDA MINUTES 2
MAY 21, 2013