2013 11 19 HAHOUSING AUTHORITY AGENDA
CITY HALL COUNCIL CHAMBERS
78 -495 Calle Tampico La Quinta
REGULAR MEETING ON TUESDAY, NOVEMBER 19, 2013 AT 4:00 P.M.
CALL TO ORDER
ROLL CALL:
Authority Members: Adolph, Evans, Franklin, Henderson, Chairperson Osborne
VERBAL ANNOUNCEMENT — AB 23 [AUTHORITY SECRETARY]
PUBLIC COMMENT
At this time, members of the public may address the Housing Authority on any matter not
listed on the agenda. Please complete a "request to speak" form and limit your comments
to three minutes. The Housing Authority values your comments; however in accordance
with State 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
APPROVAL OF MINUTES
PAGE
1 . MINUTES OF OCTOBER 15, 2013 3
CONSENT CALENDAR
NOTE: Consent Calendar items are routine in nature and can be approved by one motion.
1 . APPROVE DEMAND REGISTER DATED NOVEMBER 19, 2013 5
2. RECEIVE AND FILE TREASURER'S REPORT DATED SEPTEMBER 7
30, 2013
HOUSING AUTHORITY AGENDA 1 NOVEMBER 19, 2013
3. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORTS
DATED SEPTEMBER 30, 2013
BUSINESS SESSION - NONE
BOARD MEMBERS' ITEMS - NONE
PUBLIC HEARINGS - NONE
ADJOURNMENT
0
The next regular meeting of the Housing Authority will be held on December 17,
2013 at 4:00 p.m. in the City Council Chambers, 78 -495 Calle Tampico,
La Quinta, CA 92253.
DECLARATION OF POSTING
I, Teresa Thompson, Deputy City Clerk of the La Quinta Housing Authority, do
hereby declare that the foregoing agenda for the La Quinta Housing Authority was
posted near the entrance to the Council Chambers at 78 -495 Calle Tampico and on
the bulletin boards at 51 -321 Avenida Bermudas and 78 -630 Highway 1 1 1, on
November 15, 2013.
DATED: November 15, 2013
TERESA THOMPSON, Deputy City Clerk
La Quinta Housing Authority
Public Notices
• Any writings or documents provided to a majority of the Housing Authority
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.
HOUSING AUTHORITY AGENDA 2 NOVEMBER 19, 2013
HOUSING AUTHORITY
MINUTES
TUESDAY, OCTOBER 15, 2013
A regular meeting of the La Quinta Housing Authority was called to order at 6:13
p.m. by Chairperson Osborne.
PRESENT: Authority Members Adolph, Evans, Franklin, Henderson, Chair Osborne
ABSENT: None
VERBAL ANNOUNCEMENT — AB 23 was made by the Authority Secretary
PUBLIC COMMENT-- None
CONFIRMATION OF AGENDA — Confirmed
APPROVAL OF MINUTES
MOTION — A motion was made and seconded by Authority Members Evans/
Henderson to approve the minutes of September 17, 2013 as submitted. Motion
passed unanimously.
MOTION — A motion was made and seconded by Authority Members Evans/
Franklin to approve the minutes of October 1, 2013 as submitted. Motion passed
unanimously.
CONSENT CALENDAR
1. APPROVE DEMAND REGISTER DATED OCTOBER 15, 2013
2. RECEIVE AND FILE TREASURER'S REPORTS DATED JULY 31, 2013 AND
AUGUST 31, 2013
3. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORTS DATED
AUGUST 31, 2013 AND INVESTMENT SUMMARY REPORT FOR THE
QUARTER ENDING SEPTEMBER 30, 2013
MOTION — A motion was made and seconded by Authority Members Franklin/
Henderson to approve the Consent Calendar as recommended. Motion passed
unanimously.
HOUSING AUTHORITY MINUTES 1
OCTOBER 15, 2013
3
BUSINESS SESSION — None
REPORTS AND INFORMATION ITEMS — None
CHAIR AND BOARD MEMBERS' ITEMS — None
PUBLIC HEARINGS — None
ADJOURNMENT
There being no further business, it was moved and seconded by Authority
Members Evans /Adolph to adjourn the meeting at 6:15 p.m. Motion passed
unanimously.
Respectfully submitted,
SUSAN MAYSELS, Authority Secretary
La Quinta Housing Authority
HOUSING AUTHORITY MINUTES
OCTOBER 15, 2013
2
4
CITY MEETING DATE: November 19, 2013
ITEM TITLE: APPROVE DEMAND REGISTER DATED
NOVEMBER 19, 2013
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR: 1
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDED ACTION:
Receive and file demand register dated November 19, 2013, of which $5,553.25
represents Housing Authority expenditures.
PLEASE SEE CONSENT CALENDAR ITEM NUMBER 13 ON CITY COUNCIL AGENDA
Report prepared by: Sandra Mancilla, Account Technician
Report approved for submission by: Robbeyn Bird, Finance Director
CITY MEETING DATE: November 19, 2013
ITEM TITLE: RECEIVE AND FILE TREASURER'S REPORT
DATED SEPTEMBER 30, 2013
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR: 2
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDED ACTION:
Receive and file.
FISCAL IMPACT
None.
BACKGROUND /ANALYSIS:
Per City Investment Policy, these items are presented on a monthly basis reflecting
the monthly Cash Balances, Investment Activities and the Portfolio Performance,
which is presented in the City Council's Consent Item Staff Report.
ALTERNATIVES:
None.
Report prepared by: Robbeyn Bird, Finance Director
Report approved for submission by: Frank J. Spevacek, City Manager
CITY MEETING DATE: November 19, 2013
ITEM TITLE: RECEIVE AND FILE REVENUE AND
EXPENDITURE REPORTS DATED SEPTEMBER 30, 2013
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR. 3
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDED ACTION:
Receive and file.
EXECUTIVES SUMMARY:
The monthly and year -to -date revenues and expenditures of the La Quinta Housing
Authority for September 30, 2013 are hereby submitted for the Housing Authority
Board to review, receive, and file.
FISCAL IMPACT:
None.
BACKGROUND /ANAYLSIS:
Revenue and expenditure reports are submitted to the La Quinta Housing Authority
monthly to review, receive, and file. Attached is the transmittal of the September
30, 2013 Statements of Revenues and Expenditures for the Housing Authority.
The La Quinta Housing Authority has collected 23.2% of its projected revenues
through September 30, 2013. Expenditures are at 26.6% of the budgeted
amounts.
ALTERNATIVES:
None.
Report prepared by: Robbeyn Bird, Finance Director
Report approved for submission by: Frank J. Spevacek, City Manager
Attachments: 1 . Revenue Reports for September 30, 2013
2. Expenditure Reports for September 30, 2013
9
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07/01/2013 - 09/30/2013
LA QUINTA HOUSING AUTHORITYADJUSTEDREMAINING%
REVENUE SUMMARYBUDGETRECEIVEDBUDGETRECEIVED
PROJECT AREA NO 1 HOUSING AUTHORITY(241)
Proceeds From Home Sale125,000.000.00125,000.000.000%
Allocated Interest Income5,500.00(645.73)6,145.73-11.740%
Non Allocated Interest Income0.00451.30(451.30)0.000%
Rental Income240,000.0074,095.00165,905.0030.870%
2nd Trust Deed Repayments0.000.000.000.000%
Transfer In0.000.000.000.000%
TOTAL LQ HOUSING AUTHORITY PA 1370,500.0073,900.57296,599.4319.950%
PROJECT AREA NO 2 HOUSING AUTHORITY(242)
WSA Fed Govt Assistance Pymts627,200.00108,672.00518,528.0017.330%
WSA Fed Govt Interest Rate Subsidy0.000.000.000.000%
WSA Interest Income0.000.000.000.000%
WSA Non Allocated Interest Income2,800.00274.652,525.359.810%
WSA Rental Income0.0047,282.00(47,282.00)0.000%
WSA Other Revenues4,200.003,057.861,142.1472.810%
Transfer In0.000.000.000.000%
TOTAL LQ HOUSING AUTHORITY PA 2634,200.00159,286.51474,913.4925.120%
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LA QUINTA HOUSING AUTHORITYADJUSTED9/30/2013REMAINING
EXPENDITURE SUMMARYBUDGETEXPENDITURESENCUMBEREDBUDGET
PROJECT AREA NO 1 HOUSING AUTHORITY
SERVICES65,700.0012,573.8653,126.14
2ND TRUST DEED PROGRAM65,000.000.0065,000.00
FORECLOSURE ACQUISITION0.00-
HOUSING DEVELOPMENT PROGRAM160,000.0061,549.9498,450.06
TRANSFER OUT(191,623.00)0.00(191,623.00)
TOTAL PROJECT AREA NO 1 HOUSING AUTHORITY
99,077.0074,123.800.0024,953.20
PROJECT AREA NO 2 HOUSING AUTHORITY
SERVICES1,700.00400.001,300.00
WASH ST APTS EXPENSES494,100.0099,083.33395,016.67
WSA PRIN/PROVIDENT LOAN35,400.008,541.4526,858.55
WSA PRIN/USDA LOAN15,800.003,794.4512,005.55
WSA INTEREST/PROVIDENT LOAN119,400.0030,077.1689,322.84
WSA INTEREST/USDA LOAN69,500.005,811.1163,688.89
WSA ADVANCE INTEREST EXPENSE0.000.000.00
TRANSFER OUT0.000.000.00
TOTAL PROJECT AREA NO 2 HOUSING AUTHORITY
735,900.00147,707.500.00588,192.50
TOTAL HOUSING AUTHORITY
834,977.00221,831.300.00613,145.70
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