2014 01 21 SA
Agendas and staff reports are now
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SUCCESSOR AGENCY
To The La Quinta Redevelopment Agency
AGENDA
CITY HALL COUNCIL CHAMBERS
78-495 Calle Tampico, La Quinta
REGULAR MEETING ON TUESDAY, JANUARY 21, 2014 AT 4:00 P.M.
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 Successor Agency on any matter not
listed on the agenda. Please complete a "request to speak" form and limit your comments
to three minutes. The Successor Agency 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
PRESENTATIONS NONE
WRITTEN COMMUNICATIONS NONE
APPROVAL OF MINUTES
PAGE
1. MINUTES OF DECEMBER 17, 2013 4
SUCCESSOR AGENCY TO RDA AGENDA 1 JANUARY 21, 2014
1
PAGE
CONSENT CALENDAR
NOTE: Consent Calendar items are routine in nature and can be approved by one motion.
1.RECEIVE AND FILE REPORT DATED NOVEMBER 6
30, 2013
2.RECEIVE AND FILE REVENUE AND EXPENDITURE REPORTS 8
DATED NOVEMBER 30, 2013
3.APPROVE DEMAND REGISTER DATED JANUARY 21, 2014 16
4.AUTHORIZE AN APPLICATION PURSUANT TO HEALTH & 18
SAFETY CODE SECTION 34191.4(b) TO THE OVERSIGHT
BOARD OF THE SUCCESSOR AGENCY TO THE LA QUINTA
REDEVELOPMENT AGENCY TO APPROVE THE PRIOR CITY-
REDEVELOPMENT AGENCY LOANS
DEPARTMENT REPORTS NONE
BUSINESS SESSION
1.APPROVE THE LONG RANGE PROPERTY MANAGEMENT PLAN 30
WHICH GOVERNS THE DISPOSITION AND USE OF REAL
PROPERTIES ACQUIRED BY THE DISSOLVED LA QUINTA
REDEVELOPMENT AGENCY
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 4, 2014 commencing with closed
session at 3:00 p.m. and open session at 4:00 p.m. in the City Council Chambers,
78-495 Calle Tampico, La Quinta, CA 92253.
DECLARATION OF POSTING
I, 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 near the entrance to the Council Chambers at 78-495 Calle Tampico and on
the bulletin boards at the La Quinta Cove Post Office at 51-321 Avenida Bermudas
SUCCESSOR AGENCY TO RDA AGENDA 2 JANUARY 21, 2014
2
and at the Stater Brothers Supermarket at 78-630 Highway 111, on January 17,
2014.
DATED: January 17, 2014
SUSAN MAYSELS, Agency Secretary
Successor Agency to the La Quinta Redevelopment Agency
Public Notices
The La Quinta City Council Chamber is handicapped accessible. If special
equipment is needed for the hearing impaired, please call the
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.
SUCCESSOR AGENCY TO RDA AGENDA 3 JANUARY 21, 2014
3
SUCCESSOR AGENCY TO THE
LA QUINTA REDEVELOPMENT AGENCY
MINUTES
TUESDAY, DECEMBER 17, 2013
A regular meeting of the La Quinta City Council in their capacity as Successor
Agency to the La Quinta Redevelopment Agency was called to order at
6:20 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 Franklin/Evans
to approve the minutes of December 3, 2013 as submitted. Motion passed
unanimously.
CONSENT CALENDAR
1. RECEIVE AND FILE TREASURE
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORTS DATED
OCTOBER 31, 2013
MOTION A motion was made and seconded by Agency Members Evans/Franklin
to approve the Consent Calendar as recommended. Motion passed unanimously.
DEPARTMENT REPORTS
City Manager Spevacek reported on the status of refunding $125 million of former
Redevelopment Agency bonds approved by the SA on October 1, 2013. He said
that $120.2 million in bonds were sold today and the annual debt service savings
will be greater than anticipated. The original estimate was $435,000 per year; the
actual savings will be $560,000 per year or approximately 28%. The gross
savings over the remaining life of the bonds will be $12 million, which is up from
the original estimate of $8.1 million. The Underwriters discount also improved
with a reduction from $687,000 to $602,000, due to the yield and positive
reception. Mr. Spevacek said that some of the bonds were oversubscribed, which
shows the quality of the City of La Quinta. Regarding bond insurance, Mr.
CITY AS SUCCESSOR AGENCY TO RDA 1
DECEMBER 17, 2013
4
insurance was required only on the final years of the bonds, which reduces the
original estimate for the insurance premium from $1.4 million to $450,578. He
noted that half the projected annual debt service savings would be used to help
repay the General Fund loan over a period of time. Regarding timing, Mr. Spevacek
explained that the Mayor and City Clerk will execute the closing documents by
December 19, 2013, and formal closing will occur on December 23, 2013.
BUSINESS SESSION None
STUDY SESSION None
ADJOURNMENT
There being no further business, it was moved and seconded by Agency Members
Franklin/Evans to adjourn at 6:24 p.m. Motion passed unanimously.
Respectfully submitted,
SUSAN MAYSELS, Agency Secretary
Successor Agency to the Dissolved
La Quinta Redevelopment Agency
CITY AS SUCCESSOR AGENCY TO RDA 2
DECEMBER 17, 2013
5
AGENDA CATEGORY:
January 21, 2014
CITY / SA / HA / FA MEETING DATE:
BUSINESS SESSION:
RECEIVE AND FILE TREASURER'S REPORT
ITEM TITLE:
DATED NOVEMBER 30, 2013
CONSENT CALENDAR:
1
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDED ACTION:
Receive and file.
FISCAL IMPACT:
None.
BACKGROUND/ANALYSIS:
and reflects monthly cash balances, investment activities, and the portfolio
performance. The City pools all cash and investments. Therefore, a separate
report for each reporting entity is not issued. The combined report for all entities is
presented
ALTERNATIVES:
None.
Report prepared by: Robbeyn Bird, Finance Director
Report approved for submission by: Frank J. Spevacek, City Manager
6
7
AGENDA CATEGORY:
January 21, 2014
CITY / SA / HA / FA MEETING DATE:
BUSINESS SESSION:
RECEIVE AND FILE REVENUE AND
ITEM TITLE:
EXPENDITURE REPORTS DATED NOVEMBER 30,
CONSENT CALENDAR:
2
2013
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDED ACTION:
Receive and file.
EXECUTIVE SUMMARY:
Revenue and expenditure reports are submitted monthly to the Successor
Agency to the La Quinta Redevelopment Agency for review.
The reports summarize year-to-date revenues and expenditures of the
Successor Agency.
FISCAL IMPACT
:
None.
BACKGROUND/ANALYSIS:
Revenue and expenditure reports are submitted to the Successor Agency Board
monthly to review, receive, and file. The transmittal of the November 30, 2013
Statements of Revenues and Expenditures for the Successor Agency to the La
Quinta Redevelopment Agency is attached (Attachments 1 and 2).
Actual revenues received and expenditures spent are $17,402 and $7,240,574,
respectively. The funds budgeted are based on estimates listed on the Recognized
Obligation Payment Schedule and revenues are received in January and June of
each year. The expenditures represent the bond interest and principal payments
made in September and March of each year. Since the expenditures exceed
revenues for this period, the expenditures are funded through Successor Agency
fund balances, which are derived from revenue received from the prior period.
8
ALTERNATIVES:
None.
Report prepared by: Robbeyn Bird, Finance Director
Report approved for submission by: Frank J. Spevacek, City Manager
Attachments: 1. Revenue Reports for November 30, 2013
2. Expenditure Reports for November 30, 2013
9
ATTACHMENT 1
07/01/2013 - 11/30/2013
SUCCESSOR AGENCYADJUSTEDREMAINING%
REVENUE SUMMARYBUDGETRECEIVEDBUDGETRECEIVED
PROJECT AREA NO. 1 Admin (237)
County of Riverside579,200.000.00579,200.000.000%
Pooled Cash Allocated Interest2,000.000.002,000.000.000%
Non Allocated Interest0.000.000.000.000%
Transfers In 0.000.000.000.000%
TOTAL PA 1 581,200.000.00581,200.000.000%
TOTAL SUCCESSOR AGENCY - ADMIN 581,200.000.00581,200.000.000%
PROJECT AREA NO. 1 Project (231)
County of Riverside19,308,200.000.0019,308,200.000.000%
Pooled Cash Allocated Interest13,200.00(2,877.80)16,077.80-21.800%
Non Allocated Interest0.009,993.00(9,993.00)0.000%
Transfers In 0.000.000.000.000%
TOTAL PA 1 19,321,400.007,115.2019,314,284.800.040%
TOTAL SUCCESSOR AGENCY - PROGRAM 19,321,400.007,115.2019,314,284.800.040%
TOTAL SUCCESSOR AGENCY 19,902,600.007,115.2019,895,484.800.040%
10
SUCCESSOR AGENCY TO THE07/01/2013 - 11/30/2013
LA QUINTA REDEVELOPMENT AGENCYADJUSTED REMAINING%
REVENUE SUMMARYBUDGETRECEIVEDBUDGETRECEIVED
PROJECT AREA NO. 1:
LOW/MODERATE TAX FUND:
County of Riverside0.000.000.000.000%
Allocated Interest0.00(1.14)1.140.000%
Non Allocated Interest0.001,439.77(1,439.77)0.000%
Miscellaneous revenue0.000.000.000.000%
Non Allocated Interest0.000.000.000.000%
Transfer In0.000.000.000.000%
TOTAL LOW/MOD TAX 0.001,438.63(1,438.63)0.000%
DEBT SERVICE FUND:
County of Riverside0.000.000.000.000%
Allocated Interest0.00(0.04)0.040.000%
Non Allocated Interest0.000.000.000.000%
Transfers In0.000.000.000.000%
TOTAL DEBT SERVICE 0.00(0.04)0.040.000%
CAPITAL IMPROVEMENT FUND
Pooled Cash Allocated Interest0.000.000.000.000%
Non Allocated Interest0.002,210.15(2,210.15)0.000%
Developer Agreement Funding0.000.000.000.000%
Sale of Land Proceeds0.000.000.000.000%
Rental Income0.000.000.000.000%
Litigation Proceeds0.000.000.000.000%
Transfers In 0.000.000.000.000%
TOTAL CAPITAL IMPROVEMENT 0.002,210.15(2,210.15)0.000%
2011 TAXABLE HOUSING BOND FUND: (249)
Pooled Cash Allocated Interest0.000.000.000.000%
Non Allocated Interest0.005,370.93(5,370.93)0.000%
Developer Agreement Funding0.000.000.000.000%
Sale of Land Proceeds0.000.000.000.000%
Rental Income0.000.000.000.000%
Litigation Proceeds0.000.000.000.000%
Transfers In 0.000.000.000.000%
TOTAL 2011 TAXABLE HOUSING BOND 0.005,370.93(5,370.93)0.000%
TOTAL SUCCESSOR AGENCY - PA 1 0.009,019.67(9,019.67)0.000%
11
SUCCESSOR AGENCY TO THE07/01/2013 - 11/30/2013
LA QUINTA REDEVELOPMENT AGENCYADJUSTEDREMAINING%
REVENUE SUMMARYBUDGETRECEIVEDBUDGETRECEIVED
PROJECT AREA NO. 2:
LOW/MODERATE TAX FUND:
County of Riverside0.000.000.000.000%
Allocated Interest0.00(2.33)2.330.000%
Non Allocated Interest0.000.000.000.000%
Transfer In0.000.000.000.000%
TOTAL LOW/MOD TAX 0.00(2.33)2.330.000%
2004 LOW/MODERATE BOND FUND:
Allocated Interest0.000.000.000.000%
Home Sale Proceeds0.000.000.000.000%
Non Allocated Interest0.00498.35(498.35)0.000%
Transfer In0.000.000.000.000%
TOTAL LOW/MOD BOND 0.00498.35(498.35)0.000%
DEBT SERVICE FUND:
County of Riverside0.000.000.000.000%
Allocated Interest0.000.000.000.000%
Non Allocated Interest0.00330.08(330.08)0.000%
Interest Advance Proceeds0.000.000.000.000%
Transfer In0.000.000.000.000%
TOTAL DEBT SERVICE 0.00330.08(330.08)0.000%
2011 TAXABLE NON-HOUSING BOND FUND: (417)
Pooled Cash Allocated Interest0.000.000.000.000%
Non Allocated Interest0.00441.11(441.11)0.000%
Developer Agreement Funding0.000.000.000.000%
Sale of Land Proceeds0.000.000.000.000%
Rental Income0.000.000.000.000%
Litigation Proceeds0.000.000.000.000%
Transfers In 0.000.000.000.000%
TOTAL 2011 TAXABLE NON-HOUSING BOND 0.00441.11(441.11)0.000%
TOTAL SUCCESSOR AGENCY - PA 2 0.001,267.21(1,267.21)0.000%
TOTAL SUCCESSOR AGENCY 19,902,600.0017,402.0819,885,197.920.087%
12
13
ATTACHMENT 2
SUCCESSOR AGENCYMID-YEARADJUSTED11/30/13REMAINING
EXPENDITURE SUMMARYBUDGETREQUESTSBUDGETEXPENDITURESENCUMBEREDBUDGET
ADMIN
SERVICES195,000.00195,000.0047,980.160.00147,019.84
REIMBURSEMENT TO GEN FUND387,100.00387,100.000.000.00387,100.00
TRANSFERS OUT0.000.000.000.00
TOTAL PA 1 - Admin 582,100.000.00582,100.0047,980.160.00534,119.84
TOTAL SUCCESSOR AGENCY - Admin 582,100.000.00582,100.0047,980.160.00534,119.84
RPTTF
SERVICES0.000.000.000.000.00
BOND PRINCIPAL6,190,000.006,190,000.000.000.006,190,000.00
BOND INTEREST13,118,200.0013,118,200.006,635,348.650.006,482,851.35
REIMBURSEMENT TO GEN FUND0.000.000.000.00
TRANSFERS OUT0.000.000.000.000.00
TOTAL PA 1 - Program 19,308,200.000.0019,308,200.006,635,348.650.0012,672,851.35
TOTAL SUCCESSOR AGENCY - Program 19,308,200.000.0019,308,200.006,635,348.650.0012,672,851.35
14
SUCCESSOR AGENCY TO THEMID-YEARADJUSTED11/30/2013REMAINING
LA QUINTA REDEVELOPMENT AGENCYBUDGETREQUESTSBUDGETEXPENDITURESENCUMBEREDBUDGET
EXPENDITURE SUMMARY
PROJECT AREA NO. 1:
CAPITAL IMPROVEMENT FUND:
SERVICES0.000.000.000.000.00
REIMBURSEMENT TO GEN FUND0.000.000.000.000.00
TRANSFERS OUT13,208,161.0013,208,161.00534,321.320.0012,673,839.68
TOTAL CAPITAL IMPROVEMENT 13,208,161.000.0013,208,161.00534,321.320.0012,673,839.68
2011 TAXABLE HOUSING BOND(249)
SERVICES0.000.000.000.000.00
TRANSFERS OUT25,514,502.0025,514,502.000.000.0025,514,502.00
TOTAL 2011 TAXABLE HOUSING BOND 25,514,502.000.0025,514,502.000.000.0025,514,502.00
TOTAL SUCCESSOR AGENCY - PA 1 25,514,502.000.0038,722,663.00534,321.320.0038,188,341.68
SUCCESSOR AGENCY TO THEMID-YEARADJUSTED11/30/2013REMAINING
LA QUINTA REDEVELOPMENT AGENCYBUDGETREQUESTSBUDGETEXPENDITURESENCUMBEREDBUDGET
EXPENDITURE SUMMARY
PROJECT AREA NO. 2:
2004 LOW/MODERATE BOND FUND
HOUSING PROGRAMS 0.000.000.000.00
LAND0.000.000.000.000.00
TRANSFERS OUT2,564,204.002,564,204.0022,923.980.002,541,280.02
TOTAL LOW/MOD BOND 2,564,204.000.002,564,204.0022,923.980.002,541,280.02
2011 RDA 2 TAXABLE BOND FUND:(417)
SERVICES0.000.000.000.000.00
ECONOMIC DEVELOPMENT0.000.000.000.000.00
TRANSFERS OUT2,399,786.002,399,786.000.000.002,399,786.00
TOTAL RDA NO. 2 TAXABLE BOND 2,399,786.000.002,399,786.000.000.002,399,786.00
TOTAL SUCCESSOR AGENCY - PA 2 2,399,786.000.004,963,990.0022,923.980.004,941,066.02
TOTAL SUCCESSOR AGENCY 2,399,786.000.0063,576,953.007,240,574.110.0056,336,378.89
15
AGENDA CATEGORY:
January 21, 2014
CITY / SA / HA / FA MEETING DATE:
APPROVEDEMAND REGISTER DATED
ITEM TITLE:
BUSINESS SESSION:
JANUARY 21, 2014
CONSENT CALENDAR: 3
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDED ACTION:
Approve the itemized portion of the demand register dated January 21, 2014, of
which $25,346.27 represents Successor Agency expenditures as detailed below:
Vendor: Account No.: Amount: Purpose:
Willdan Financial Consultants $7,000.00 FY12/13 Disclosure
Rutan & Tucker Attorney $4,000.00 Oct-Retainer
Rutan & Tucker Attorney $4,000.00 Nov-Retainer
Rutan & Tucker Attorney $4,000.00 Dec-Retainer
Rutan & Tucker Attorney $2,660.50 Nov-SA AB26
Implementation
Rutan & Tucker Attorney $1,988.77 Oct-SA AB26
Implementation
Lance,Soll,&Lungard PM10 SilverRock $1,047.00 Final Audit
Rutan & Tucker Attorney $ 450.00 Dec-SA AB26
Implementation
Willdan Financial Consultants $ 200.00 Notice Series 2011
16
BACKGROUND/ANALYSIS:
The City is the
Successor Agency of the La Quinta Redevelopment Agency. The Successor Agency
shall continue to make payments required pursuant to an adopted enforceable
obligations payment schedule. The payments included on this Demand Register
.
ALTERNATIVES:
The City Council may approve, partially approve or reject the register of demands.
Report prepared by: Sandra Mancilla, Account Technician
Report approved for submission by: Robbeyn Bird, Finance Director
17
January 21, 2014
AGENDA CATEGORY:
CITY / SA/ HA/ FA MEETING DATE:
AUTHORIZE AN APPLICATION PURSUANT
ITEM TITLE:
BUSINESS SESSION:
TO HEALTH & SAFETY CODE SECTION 34191.4() TO
CONSENT CALENDAR:
THE OVERSIGHT BOARD OF THE SUCCESSOR
4
AGENCY TO THE LA QUINTA REDEVELOPMENT
STUDY SESSION:
AGENCY TO APPROVE THE PRIOR CITY-
REDEVELOPMENT AGENCY LOANS
PUBLIC HEARING:
RECOMMENDED ACTION:
Authorize the submission of an application pursuant to Health & Safety Code
Section 34191.4(b) to the Oversight Board of the Successor Agency to the La
Quinta Redevelopment Agency to approve the prior City-Redevelopment Agency
loans.
EXECUTIVE SUMMARY:
As of February of 2011, the City had made loan advances to the former La
Quinta Redevelopment Agency in the amount of $41,378,966.
The Agency repaid the City loans in full the same month.
Pursuant to the Due Diligence Review completed by the Department of
Finance, the City paid the loan repayment proceeds in the amount of
$41,378,966 to the County Auditor Controller, who then distributed the
payment to the taxing agencies within the project areas of the former
Agency.
The Successor Agency had received its Finding of Completion, indicating
that it is in full compliance with the Due Diligence Review audit.
AB 1484 permits the Successor Agency to apply to have the City/Agency
loans approved by the Oversight Board and their repayment made through
the Recognized Obligation Payment Schedule process.
18
FISCAL IMPACT:
If approved by the Oversight Board and the Department of Finance, the outstanding
loans will be repaid at the Local Agency Investment Fund interest rate as funds are
available, in accordance with the maximum schedule provided for in AB 1484. The
estimated repayment schedule anticipates that the loans will be repaid by 2030.
Twenty percent of the payments received by the City must be used for affordable
housing.
BACKGROUND/ANALYSIS:
Okd`rd rdd sgd `ss`bgdc rs`ee qdonqs '@ss`bgldms 0( enq snlnqqnvŬr Nudqrhfgs
Board meeting.
ALTERNATIVES:
No alternatives are recommended.
Report prepared by: M. Katherine Jenson, City Attorney
Report approved for submission by: Frank J. Spevacek, City Manager
Attachment: 1. Oversight Board staff report
19
ATTACHMENT 1
AGENDA CATEGORY:
January 22, 2014
OVERSIGHT BOARD MEETING DATE:
BUSINESS SESSION:
A RESOLUTION FINDING THAT EACH
ITEM TITLE:
LOAN ENTERED INTO BETWEEN THE CITY OF LA
CONSENT CALENDAR:
QUINTA AND THE FORMER LA QUINTA
REDEVELOPMENT AGENCY WAS FOR A LEGITIMATE
STUDY SESSION:
REDEVELOPMENT PURPOSE AND THAT SUCH
PUBLIC HEARING:
LOANS ARE ENFORCEABLE OBLIGATIONS
RECOMMENDED ACTION:
Adopt the following resolution:
Ů@ QDRNKTSHNM NE SGD NUDQRHFGS AN@QC NE SGD RTBBDRRNQ @FDMBX SN
LA QUINTA REDEVELOPMENT AGENCY FINDING THAT EACH LOAN ENTERED
INTO BETWEEN THE CITY OF LA QUINTA AND THE FORMER LA QUINTA
REDEVELOPMENT AGENCY WAS FOR A LEGITIMATE REDEVELOPMENT PURPOSE
@MC SG@S RTBG KN@MR @QD DMENQBD@AKD NAKHF@SHNMR-ů
FISCAL IMPACT:
This action would allow the City to be repaid $41.3 million of loans the City made
sn sgd enqldq qdcdudknoldms `fdmbx 'ŮQC@ů(- Ne sghr `lntms+ 1/ odqbdms nq
$8.26 million would be pledged to preserve `mc hloqnud sgd bnlltmhsxŬr rtookx ne
affordable housing. The City would also be eligible to earn $2,065,867 of interest
income on the unpaid principal. The interest rate would be fixed for the term of the
loan at the Local Agency Investment Fund (LAIF) earnings interest rate as of the
date of the Oversight Board action. The current LAIF rate is 0.26%.
The chart below presents the projected distribution of property tax revenue in order
to accommodate the General Fund loan repayment; this distribution formula is
dictated by State Law.
20
FutureNetPresent
ValueValue(NPV)
GrossPropertyTaxRevenue1,139,655,000$$1,114,856,317
TaxingAgencyPassThrough624,257,000$$610,620,110
FormerRDADebtPayments282,398,170$$276,524,577
OtherTaxingAgencyPayments45,791,152$$44,618,344
GeneralFundLoanPayments45,791,152$$44,618,344
NPVDiscountRateLAIFrate0.264%
The information presented in this chart is as follows:
The total future value and the net present value (discounted) of the 28 years
of payments.
The revenue that taxing agencies would receive pursuant to former
redevelopment agency (RDA) pass through agreements.
Revenue needed to retire former RDA bond debt obligations.
Remaining revenue that would be paid to taxing agencies.
Revenue used to fund the General Fund Loan payments.
BACKGROUND/ANALYSIS:
After the Department of Finance (DOF) has issued a Finding of Completion to a
successor agency, in accordance with Health and Safety Code section 34191.4(b)
(which was added by AB 1484), loan agreements between the former
redevelopment agency and sponsoring entity (in this case, the City of La Quinta, or
ŮBhsxů( l`x ad ok`bdc nm sgd Rtbbdrrnq @fdmbxŬr Qdbnfmhydc Nakhf`shnm O`xldms
Rbgdctkd 'sgd ŮQNORů(- Sn cn rn+ sgd Nuersight Board must find that the loans
were made for legitimate redevelopment purposes. On November 6, 2013, the
Successor Agency to La Quinta Redevelnoldms @fdmbx 'ŮRtbbdrrnq @fdmbxů( v`r
issued its Finding of Completion (Exhibit A). DOF issued the Finding of Completion
because on October 29, 2013, the City transferred $41,378,966 from its General
Fund reserves to the County, who then distributed this money to all taxing
agencies; the allocation of this money tothe taxing agencies was determined by
their respective share of the 1% property tax allocation.
The total amount of principal owed as of March 2011, when all the loan advances
from the City were repaid by the former RDA, was $41,378,966, comprised of: (a)
$6,000,000 For Project Area 1, resulting from the 2006 loan restructuring with the
loan advances repayable at 10% interest, $6,000,000 resulting from the 2006 loan
21
restructuring with the loan advances repayable at 7% interest, and $10,000,000
for the Supplemental Educational Revenue @tfldms`shnm Etmc 'ŮRDQ@Eů( o`xldms:
and (b) $10,000,000 For Project Area 2, resulting from the 2006 loan restructuring
(all loan advances were at 10 percent interest), and $9,378,966 for the December
4, 2007 Financing Agreement for the purchase of the approximately 9.89 acres of
the Coral Mountain Property, as charted below:
Project Area 1 Project Area 2
2006 loan restructuring $6,000,000 2006 loan restructuring $10,000,000
with loan advances with loan advances
repayable at 10% interest repayable at 10% interest
2006 loan restructuring December 4, 2007
$6,000,000$9,378,966
with loan advances Financing Agreement for
repayable at 7% interest the purchase of the
approximately 9.89 acres
SERAF payment $10,000,000
of the Coral Mountain
Property
Project Area 1 Total $22,000,000 Project Area 2 Total $19,378,966
TOTAL $41,378,966
In December 2013, the State BnmsqnkkdqŬr Neehbd oqnuhcdc its final Review Report of
the La Quinta Redevelopment Agency, Asset Transfer Review, addressing all asset
transfers made by the former RDA between January 1, 2011 through January 31,
1/01 'sgd ŮRBN Qdonqsů(- Sgd RBN Qdonqs orders the City to transfer to the
Successor Agency the amount of $41,431,179. The difference between the
amount repaid pursuant to the DOF and the amount ordered to be transferred
pursuant to the SCO Report, which is $52,213 accounts for payments of interest
disallowed by the SCO. That amount has been paid to the Successor Agency, and
is proposed to be added to the outstanding debt in the attached resolution.
The Oversight Board is now being requested to make a finding that each of the
kn`mr vdqd enq Ůkdfhshl`sd qdcdudknoldms otqonrdr-ů Nmbd sg`s ehmchmf hr l`cd+
the obligation to repay these loans can be listed on the ROPS.
The following outlines the history of the advances from the City to the Agency that
comprised the $41,378,966 loan that was repaid in February 2011.
A. 1983 Loan/Cooperation Agreement and Overview of Advances
On August 16, 1983, the City Council and RDA Board of Directors approved, and
sgd Bhsx `mc QC@ dmsdqdc hmsn+ ` Bnnodq`shnm @fqddldms 'sgd ŮKn`m.Bnnodq`shnm
@fqddldmsů(- Sgd QC@ `mc sgd Bhsx implemented the 1983 Loan/Cooperation
Agreement as a line of credit, whereby the RDA committed tax increment funds to
repay all future City advances to the RDA that the RDA then used in furtherance of
the redevelopment activities in Project Area 1 and Project Area 2 (collectively, the
22
Oqnidbs @qd`rů(+ otqrt`ms sn sgd Bnlltmhsx Qdcdudknoldms K`v 'Gd`ksg `mc
R`edsx Bncd rdbshnm 22/// ds- rdp-( 'sgd ŮBQKů(- Otqrt`ms sn sgd 0872
Loan/Cooperation Agreement, the City provided to the RDA a series of advances
c`shmf sgqntfg Cdbdladq 0+ 1//8 'ŮKn`m @cu`mbdrů(- Sgd Kn`m @cu`mbdr vdqd
documented by way of individual promissory notes, financing agreements, and
nsgdq rtookdldms`k cnbtldms`shnm 'ŮKn`m @cu`mbd Cnbtldmsrů(- Sgd Kn`m
Advances and Loan Advance Documents were l`hms`hmdc hm sgd BhsxŬr `mc QC@Ŭr
records, and generally fall into three b`sdfnqhdr9 Sgd ŮOqd,1//5 Kn`m @cu`mbd
Cnbtldmsr+ů sgd Ů1//5 Kn`m Qdrsqtbstqhmf+ů `mc sgd ŮOnrs,1//5 Kn`m @cu`mbd
Cnbtldmsr-ů
B. The Pre-2006 Loan Advances
On July 19, 1994, the City and RDA approved a Loan Advance to fund the Project
Area 1 Capital Projects Fund for publicly owned improvements by a June 30, 1994
promissory note in a principal amount of $2,200,000, with 10% interest. The City
extended the term of repayment, and afteq `m hmsdqdrs Ůo`x cnvmů hm 0887+ sgd
balance of the principal and interest on this Loan Advance was part of the 2006
Loan Restructuring (discussed below). These improvements included drainage,
street and utility improvements located in the Cove and Village. These
improvements were developed in-conjunction with the greater Cove drainage
improvements that were installed by the Coachella Valley Water District (CVWD).
On July 19, 1994, the City and RDA approved a Loan Advance to fund the Project
Area 2 publicly owned improvements. This was documented by a June 30, 1994
promissory note in a principal amount of $4,321,796, with 10% interest. The City
extended the term of repayment, and afteq ` oqhmbho`k Ůo`x cnvmů hm sgd `lntms ne
$849,607 in Fiscal Year 1982.83+ `mc `m hmsdqdrs Ůo`x cnvmů hm Ehrb`k Xd`q
1998/99 of $1,000,000 (which covered part of the interest on this loan
advancement), the balance of the principal and interest on this Loan Advance was
part of the 2006 Loan Restructuring. These improvements entailed drainage, signal
and roadway improvements to Highway 111, Avenue 48 and Dune Palms Road.
The Avenue 48 and Dune Palms Road improvements were needed in part, to
accommodate the development of the Administrative Center for the Desert Sands
Unified School District (DSUSD).
On March 7, 2000, the City and RDA approved a Loan Advance to fund the
acquisition of real property to be used for a publicly owned historical museum in
Project Area 1, in an amount not to exceed $115,000, with 10% interest. The
City ultimately advanced only $107,273 under this loan advancement, and the
balance of the principal and interest on this Loan Advance was part of the 2006
Loan Restructuring.
On June 20, 2000, the City and RDA approved a Loan Advance to fund Project
Area 2 publicly owned improvements (specifically, including curb, gutter, street,
23
and storm drain improvements on Highway 111, Adams Street and Washington
Street) by resolutions and a promissory note in a principal amount of $1,500,000,
with 10% interest. The balance of the principal and interest on this Loan Advance
was part of the 2006 Loan Restructuring.
On August 6, 2002, the City and RDA approved a Loan Advance to fund Project
Area 2 publicly owned improvements (specifically, the La Quinta Community Park)
by resolutions and a promissory note in a principal amount of $1,100,000, with
10% interest. The principal and accumulated interest on this Loan Advance was
paid down at the time of the 2006 Loan Restructuring.
On April 1, 2003, the City and RDA approved a Loan Advance to fund Project Area
1 publicly owned improvements (specifically, a public library, La Fonda street
improvements, and design of Eisenhower street/median improvements, all per
Project Area 1 capital improvement projects) by resolutions and a promissory note
in a principal amount of $6,000,000, with 7% interest. Interest was paid down in
2003, 2004, and 2005, and then-accumulated interest was paid off with the 2006
Loan Restructuring.
C. 2006 Loan Restructuring
On March 7, 2006, the City and RDA approved the 2006 Loan Restructuring,
which consisted of a full restructuring of all amounts, principal and interest,
qdl`hmhmf sn ad o`hc tmcdq sgd oqd,1//5 Kn`m @cu`mbdr 'sgd Ů1//5 Kn`m
Qdrsqtbstqhmfů(- Sgd qdrsqtbstqhmf v`r oqnonred to ensure that the City would be
repaid all principal and interest within the time limit the RDA had to receive tax
increment for the Redevelopment Plan enq Oqnidbs @qd` 0 'sgd ŮOqnidbs @qd` 0
Ok`mů( 'Ehrb`k Xd`q 1/22.23( `mc sgd Qdcduelopment Plan for Project Area 2 (the
ŮOqnidbs @qd` 1 Ok`mů( 'Ehrb`k Xd`q 1/27/39), respectively. The 2006 Loan
Restructuring established a revised repayment schedule and carried over other
relevant loan terms from the pre-2006 Loan Advances.
In summary, the 2006 Loan Restructuring did the following:
a. At the time of the restructuring, on April 1, 2006, the City received from
the RDA a total repayment of $5,691,347, consisting of $2,982,763 from Project
Area 1 Loan Advances and $2,708,584, from Project Area 2 Loan Advances.
b. For the Project Area 1 Loan Advances that had 10% interest, after the
restructuring the total outstanding amount owed was $6,000,000. At 10%
interest, annual interest payments of $600,000 would be paid by the RDA to City,
with four balloon payments of $1,500,000, each in the last four fiscal years (Fiscal
Years 2030/31 to 2033/34) to be paid by the RDA to City to pay off the remaining
principal.
24
c. For the Project Area 1 Loan Advances that had 7% interest, after the
restructuring the total outstanding amount owed was $6,000,000. At 7%
interest, annual interest payments of $420,000 would be paid by the RDA to City,
with four balloon payments of $1,500,000, each in the last four fiscal years (Fiscal
Years 2030/31 to 2033/34) to be paid by the RDA to City to pay off the remaining
principal.
d. For the Project Area 2 Loan Advances, all of which had 10% interest,
after the restructuring the total outstanding amount owed was $10,000,000. At
10% interest, annual interest payments of $1,000,000 would be paid by the RDA
to City, with four balloon payments of $2,500,000, each in the last four fiscal
years (Fiscal Years 2035/36 to 2038/39) to be paid by the RDA to City to pay off
the remaining principal.
Following the 2006 Loan Restructuring, the RDA made regular interest payments
on these Loan Advances and fully repaid the principal at the time of full repayment
in 2011.
D. Post-2006 Loan Advances
After the 2006 Loan Restructuring, the City made two additional Loan Advances.
The Post-2006 Loan Advance Documents, and purposes of those Loan Advances,
were as follows:
a. On December 4, 2007, the City and RDA approved a Loan Advance to
fund the acquisition of real property in Project Area 2 (specifically, approximately
9.89 acres to be used for commercial uses as part of an adjacent affordable
housing project that is currently under comrsqtbshnm+ jmnvm `r sgd ŮBnq`k Lntms`hm
Oqnodqsxů( ax qdrnktshnmr `mc ` ehm`mbhng agreement in a principal amount of
$9,378,966, with 7% interest, maturing over an 11-year period, with no
prepayment penalty. The RDA made regular interest payments since the creation
of this Loan Advance and fully repaid the principal at the time of full repayment in
2011.
b. On December 1, 2009, the City and RDA approved a Loan Advance to
etmc sgd QC@Ŭr nakhf`shnm+ hlonrdc ax the State under Health and Safety Code
sections 33690 and 33690.5, to make the SERAF paymdms- Sgd QC@Ŭr etmchmf
obligation under these statutes required a remittance payment, made to offset the
Rs`sdŬr atcfds rgnqse`kk+ ne #12+45/+370 enr Fiscal Year 2009/10, and $4,850,687
for Fiscal Year 2010/11, respectively. The City agreed to provide the Loan
@cu`mbd adb`trd sgd QC@Ŭr etmcr vdqd bnllhssdc sn u`qhntr oqnidbsr `mc sgd
RDA had the authority to make the State-mandated payment obligation from any
funds legally available to the RDA, includimf sgnrd etmcr anqqnvdc eqnl sgd BhsxŬr
General Fund. (Health & Safety. Code §§ 33690(b), 33690.5(b).) The City
25
advanced $10,000,000 to the RDA to pay for a portion of the SERAF payment via
a Financing Agreement and resolutions approving the same, with no prepayment
penalty. The $10,000,000 principal amount was documented as a liability of
Project Area 1 at the time of full repayment in 2011. While it had the right to do
so, the RDA elected not to borrow funds for this payment from its Low and
Moderate Income Housing Fund because it desired to complete several critically
important affordable housing projects.
ANALYSIS:
As described above, the Oversight Board is being requested to make a finding that
the five loans between the City and former RDA were for legitimate redevelopment
otqonrdr- Enq otqonrdr ne l`jhmf r`hc ehmchmf+ sgd sdql Ůqdcdudknoldmsů hr
defined in Health and Safety Code Sectiom 22/1/ `r sgd Ůok`mmhmf+ cdudknoldms+
re-planning, redesign, clearance, reconstruction, or rehabilitation, or any
combination of these, of all or part of a survey area, and the provision of those
residential, commercial, industrial, public, or other structures or spaces as may be
appropriate or necessary in the interest of the general welfare, including
recreational and other facilities incidental nq `ootqsdm`ms sn sgdl Ŵů- Rs`ee
believes that because all of the Loan Advances were expressly made for
Ůqdcdudknoldms otqonrdr+ů `r cdehmdc ax rs`stsd+ sghr ehmchmf is appropriate.
CONCLUSION:
The subject loans were all made to further the goals and mission of the La Quinta
Redevelopment Agency, and staff recommends the Oversight Board approve the
proposed resolution, finding that each of the five loans were for legitimate
redevelopment purposes, and are enforceable obligations.
Respectfully submitted,
_____________________________________
Frank J. Spevacek, Executive Director
@ss`bgldms9 CNEŬr Ehmchmf ne Bnmpletion Letter (November 6, 2013)
26
27
ATTACHMENT 1
28
29
January 21, 2014 AGENDA CATEGORY:
CITY / SA / HA / FA MEETING DATE:
__
BUSINESS SESSION:
1
APPROVE THE LONG RANGE PROPERTY
ITEM TITLE:
CONSENT CALENDAR:
MANAGEMENT PLAN WHICH GOVERNS THE
DISPOSITION AND USE OF REAL PROPERTIES
STUDY SESSION:
ACQUIRED BY THE DISSOLVED LA QUINTA
REDEVELOPMENT AGENCY
PUBLIC HEARING:
RECOMMENDED ACTION:
Approve the Long Range Property Management Plan and authorize the Executive
Director to submit to the California Department of Finance.
EXECUTIVE SUMMARY:
AB 1X 26 dissolved the Redevelopment Agency of the City of La Quinta and
established the Successor Agency to the La Quinta Redevelopment Agency
'Ů@fdmbxů( `r ne Edbruary 1, 2012.
In June 2012, AB 1484 was enacted to make technical and substantive
amendments to AB 1X 26, including a requirement for successor agencies to
prepare Long Range Property Management Plans (LRPMPs).
The LRPMP governs the disposition and use of real properties of former
redevelopment agencies and must be submitted six months from the date of
the Findings of Completion (FOC), issued by the Department of Finance
(DOF).
All former Agency assets dedicated for government use are detailed in the
LRPMP (Attachment 1) and Tracking Worksheet (Attachment 2) and these
properties are being utilized as government use properties to be transferred
sn sgd Bhsx ne K` Pthms` 'ŮBhsxŬ( enq oqdrdqu`shnm `r rtbg-
FISCAL IMPACT:
None.
30
BACKGROUND/ANALYSIS:
Tonm sgd @fdmbxŬr bnlokdshnm ne u`qhnts AB 1X 26 and AB 1484 requirements,
including payment of $41.3 million to taxing agencies, the DOF issued a FOC on
November 6, 2013. The Agency has 6 months from that date to complete the
LRPMP.
The LRPMP includes all properties that the DOF has ruled must be part of a long
range property management plan. The properties listed on the LRPMP are
categorized as Roadway/Walkway, Village Public Parking Lot, and SilverRock public
use parcels. They are outlined as follows:
Roadway/Walkway Properties (3 parcels)
On October 6, 2009, the Agency authorized transfer of these parcels to the City
for on-going operation and maintenance purposes as off-site public improvements.
Due to staff oversight, the parcels were not transferred. The properties serve as
catch basin for storm drain maintenance, median landscape, and public
roadway/sidewalk as shown on the map (Attachment 3).
Village Public Parking Lot (1 parcel)
In 1989 and March 1990, the Agency acquired three properties and subsequently
merged them into one for the purpose of developing a free public parking lot in the
La Quinta Village as shown on the map (Attachment 4). Public funding in an
approximate amount of $930,00 was utilized to develop the parking lot, including
the paving, striping, landscaping, irrigation, and lighting. The public parking lot
services other public facilities in the vicinity, including Francis Hack Park, La Quinta
Museum, and the Desert Recreation District Fitness Center.
SilverRock Public Use Properties (14 parcels)
The City owns and operates the SilverRock public golf course, which is adjacent to
these public use properties as identified on the map (Attachment 5). In 2002, the
Agency acquired these properties for four public purposes and they are identified in
sgd BhsxŬr Fdmdq`k Ok`m `mc sgd RhkudqQnck Specific Plan as exclusively for public
use:
Public Golf Course
Civic and Cultural Events Facilities
Public Park
Public Facilities
The property was purchased, planned, designed and partially developed with tax-
exempt bond proceeds and should be maintained in public ownership. The
following public improvements have already been completed on the property: mass
grading, installation of storm drain improvements, perimeter landscaping, a multi-
purpose trail, and soil stabilization. One parcel houses the L-4 pump station, which
hr `m hmsdfq`k o`qs ne sgd `qd`Ŭr rdvdq rxstem, and serves development both on and
off site. The site also contains a large retention basin that serves the outflow of
31
the Rondo Channel. These drainage improvements provide flood control
infrastructure for the lower third of the La Quinta Cove and the entire La Quinta
Village.
Upon approval by the Successor Agency, Oversight Board and DOF, the LRPMP
governs and supersedes all other provisions relating to the disposition and use of
sgd @fdmbxŬr qd`k oqnodqsx `rrdsr- Sgd Nuersight Board will consider the LRPMP
on January 22, 2014.
ALTERNATIVES:
As the DOF may require the City to make changes to the LRPMP, it is imperative to
submit it for review as soon as possible; therefore, staff does not recommend an
alternative.
Report prepared by: Chris Escobedo, Assistant to City Manager
Report approved for submission by: Frank J. Spevacek, City Manager
Attachments: 1. LRPMP
2. LRPMP Tracking Worksheet
3. Roadway/Walkway Properties Map
4. Village Public Parking Lot Map
5. SilverRock Public Use Properties Map
32
33
ATTACHMENT1
LONG RANGE PROPERTY MANAGEMENT PLAN
SUCCESSOR AGENCY TO THE LA QUINTA REDEVELOPMENT AGENCY
January 16, 2014
78-495 Calle Tampico
La Quinta, California 92253
1
34
LONG RANGE PROPERTY MANAGEMENT PLAN
Successor Agency to the La Quinta Redevelopment Agency
Appendix 1: Public Right of Way Transfer Staff Report (3 pages)
Appendix 2: SilverRock Golf Course Management Agreement (62 pages)
Appendix 3: SilverRock Dust and PM-10 Control Contract Services and Revocable License
Agreement (29 pages)
Appendix 4: SilverRock Domestic Water and Sanitation System Installation and Irrigation
Service Agreement (70 pages)
Appendix 5: SilverRock Specific Plan (70 pages)
2
35
INTRODUCTION
Governor Brown signed ABx1 26 and ABx1 27, a pair of budget trailer bills, on June 28, 2011,
which made significant changes to the California Health and Safety Code (HSC). The California
Redevelopment Association and League of California Cities filed a lawsuit in the California
Supreme Court challenging the constitutionality of ABx1 26 and ABx1 27. The Supreme Court
issued a decision on December 29, 2011, finding that ABx1 26 was constitutional, ABx1 27 was
invalid, and the two bills may be severed from one another. The Supreme Court also modified
ABx1 26 to effect the dissolution of redevelopment agencies as of February 1, 2012.
On June 27, 2012, Governor Brown signed AB 1484 into law, another budget trailer bill, which
amended ABx1 26 and made changes to the redevelopment agency dissolution process. The
Long Range Property Management Plan (ÅPMPÆ) was included in AB 1484 as a tool for successor
agencies to manage the disposition and use of real property assets in the ownership of the
redevelopment agency.
HSC Section 34191.5 outlines the requirements of a PMP. Pursuant to Section 34191.5(b), the
successor agency must submit the PMP within 6-months following the issuance of a Finding of
Completion by the Department of Finance (ÅDOFÆ).
Per HSC Section 34191.5(c), the PMP shall include: (1) an inventory of all properties subject to
the PMP outlining the acquisition date, purpose and value; (2) estimate of current value; (3)
property profile (including address, lot size, zoning and general plan designation); (4) estimate of
lease, rent or other revenues and description of contractual requirements; (5) history of
environmental contamination, if any; (6) any transit-oriented development opportunities; (7) a
description of how the property would advance the planning objectives of the successor agency;
and (8) a history of development proposals.
The PMP shall also address the disposition strategy for each property, which, pursuant to HSC
Section 34191.5(c)(2), may include one of four permissible uses:
Retention of the property for governmental use pursuant to subdivision (a) or Section
34181,
Retention of the property for future development,
Sale of the property, or
Use of the property to fulfill an enforceable obligation
Finally, HSC 34191.5(c)(2) states that if the PMP proposes to sell property for a project identified
in an approved redevelopment plan, the property shall transfer to the City. If the PMP proposes
to sell the property for any purpose other than to fulfill an enforceable obligation, the proceeds
from the sale shall be distributed to the applicable taxing entities. And finally, property shall not
be transferred unless the Oversight Board and DOF have approved the PMP.
Organization of this Document
The City of La Quinta has historically tracked purchases and sales of land by Lot Number, which
may be either a letter (ie Lot C) or a number (ie Lot 8). In Riverside County, Lot Numbers are
typically shown on AssessorÈs Parcel Maps adjacent to the AssessorÈs Parcel Number (APN).
One Lot Number may include several APNs. Because the purchases and sales have been
historically tracked by Lot Number, this document and the associated PMP Tracking Worksheet
are organized by Lot Number. Please note that we have added several highlighted columns to the
LRPMP worksheet in order to accommodate tracking by lot.
3
36
ROADWAY/WALKWAY PROPERTIES
In October 2009, several properties were identified for transfer from the Redevelopment Agency
to the City of La Quinta. Pursuant to the October 6, 2009 Staff Report (Attached), Åstaff
determined that a number of parcels should be transferred to the City for on-going operation,
maintenance purposes, and future disposition.Æ Among the parcels identified in this staff report,
the three roadway parcels, identified below and shown on the map below, were identified as
parcels that shall be transferred to the City for maintenance purposes (i.e., road and landscape
maintenance). The staff report identifies Lot E (APN 603-630-018) and Lot F (APNs 604-630-023
and 604-630-024) of Parcel Map 31116, among others, as properties that were to be deeded to
the City. Parcel Map 31116 indicated that the lots were to be transferred to the City; however,
because of an oversight these three roadway sliver parcels were not transferred from the RDA to
the City pursuant to the 2009 authorization. See Appendix 1 Attached Staff Report. As a result,
these three roadway parcels that should have been transferred to the City in 2009 along with the
other parcels inadvertently remained in the ownership of the Redevelopment Agency.
The three roadway parcels are identified on the map below as AssessorÈs Parcels 603-630-018,
604-630-023, and 604-630-024. The following pages profile these properties pursuant to HSC
Section 34191.5.
4
37
38
5
PORTION OF LOT F
APN 604-630-018
This property is a sliver of land of 871 square feet of public right of way that was dedicated to the
RDA to satisfy a condition of approval, enabling the City to construct necessary roadway,
walkway and associated landscape improvements.
Date of Acquisition à 4/4/2005
Value of Property at Time of Acquisition - $0
Estimate of Current Value - $0 (Market Value)
Purpose of which the Property was Purchased à Develop public right of way
Address - East of Washington Street between Miles Avenue and Seeley Drive
Lot Size à 871 Square Feet
Current Zoning Designation à Public Right of Way
Specific/General Plan Designation à Public Right of Way
Appraised Value à Not Applicable
Estimate of Lease Revenues à Not Applicable
Environmental History à None
Development Proposal History à None
TOD Potential à None
Proposed Disposition à Transfer to City, Governmental Use. To be maintained as existing
Public Right-of-Way.
PORTIONS OF LOT E
APNs 604-630-023 and 604-630-024
This lot includes two slivers of land totaling 3,920 square feet of public right of way that was
dedicated to the RDA to satisfy a condition of approval, enabling the City to construct necessary
roadway, walkway and associated landscape improvements.
Date of Acquisition à 4/4/2005
Value of Property at Time of Acquisition - $0
Estimate of Current Value - $0 (Market Value)
Purpose of which the Property was Purchased à Develop public right of way
Address - East of Washington Street between Seeley Drive and Highway 111
Lot Size à 3,920 Square Feet, 0.09 Acres
Current Zoning Designation à Public Right of Way
Specific/General Plan Designation à Public Right of Way
Appraised Value à Not Applicable
Estimate of Lease Revenues à Not Applicable
Environmental History à None
Development Proposal History à None
TOD Potential à None
Proposed Disposition à Transfer to City, Governmental Use. To be maintained as existing
Public Right of Way.
6
39
VILLAGE PUBLIC PARKING LOT
In December 1989 and March 1990, the La Quinta Redevelopment Agency made two purchases
for properties located on the northwest corner of the intersection of Avenida Navarro and Avenida
Montezuma. The December 1989 purchase was $105,000 for APNs 773-078-008 and 773-078-
009. The March 1990 purchase was $440,670 for APN 773-078-023. These three parcels with a
combined purchase price of $545,670 were subsequently merged together, forming
APN 773-
, as identified in the map below. The merged property was developed as free public
078-034
surface parking, serving the adjacent La Quinta Community Park publicly run La Quinta Museum
and Desert Recreation District Fitness Center. The City of La Quinta currently has no metered or
fee-based parking lots or structures and the La Quinta Municipal Code specifically prohibits
private parking lots as a principal use in this zoning district.
The public parking lot was developed with public funding. The improvements include paving,
striping, landscaping, irrigation, and lighting, at a cost of $930,000. The City also installed a
shade structure at an additional cost of $25,000. Annual maintenance costs for the public parking
lot are approximately $5,000 per year, paid for by the City. The cumulative costs to maintain the
public parking lot during the eight years since development is approximately $40,000.
The Village Public Parking Lot is zoned as Major Community Facilities. This Zoning Designation,
per La Quinta Municipal Code 9.80.040 (b) has a very narrow definition of allowable uses.
Allowable uses include offices, hospitals, lighted playfields, ice skating, social clubs, various utility
or communication facilities, colleges and other schools, transportation stations, animal shelters,
tennis clubs, caretaker residential or child day care, and recycling centers by Conditional or Minor
Use Permit, and libraries, museums, parks, trails, fire stations, government offices, flood control,
golf courses, and emergency or homeless shelters, as by-right principal uses. The Principal Uses
described here are generally considered government or public facilities. Also, an array of other
governmental uses may be present under the Major Community Facilities designation as
accessory uses. Under this PMP, the City proposes to continue operating the property as free
public surface parking.
7
40
41
APN 773-078-034
Date of Acquisition à 12/27/1989 & 7/12/1990 (as noted in the narrative above, APN 773-
078-034 resulted from the merger of three parcels, two of which were acquired in 1989
and one in 1990).
Value of Property at Time of Acquisition - $545,670 (as noted in the narrative above, two
parcels were acquired in 1989 for $105,000 and one was acquired in 1990 for $440,670,
and the three parcels were merged to create the subject APN).
Estimate of Current Value - $0 (Market Value)
Purpose of which the Property was Purchased à Provide public parking in the Village
adjacent to La Quinta Community Park and La Quinta Museum
Address à Northeast corner of Avenida Navarro and Avenida Montezuma
Lot Size à 48,351 Square Feet
Current Zoning Designation à Major Community Facilities
Specific/General Plan Designation à Major Community Facilities
Appraised Value à Not Applicable
Estimate of Lease Revenues à Not Applicable
Environmental History à None
Development Proposal History à The 2006 Village District Parking Study indicates that
future development in the area may result in parking deficits and recommends
development of a $7.6 million public parking structure on this site.
TOD Potential à Sunline Transit Agency Route 70 Bus Stop is on the East side of the
site.
Proposed Disposition à Transfer to City, Governmental Use. The City proposes to
maintain this property as free public parking. The City of La Quinta currently has no
metered or fee-based parking lots or structures. The Village Public Parking Lot provides
parking for the adjacent La Quinta Community Park, publicly run La Quinta Museum, and
Desert Recreation District Fitness Center. The City of La Quinta currently has no metered
or fee-based parking lots or structures and the La Quinta Municipal Code specifically
prohibits private parking lots as a principal use in this zoning district.
9
42
SILVERROCK PUBLIC USE PARCELS
In 2002, the La Quinta Redevelopment Agency purchased 525 acres of vacant land located on
the southwest corner of the intersection of Jefferson Street and Avenue 52. The 525 acres were
purchased for $42,611,960, or $81,176 per acre. Of the 525 acres, 221.78 acres are subject to
this PMP, as described below.
In 2005 the first 18-hole public golf course was completed, along with rehabilitation to the Historic
Ahmanson Ranch House and surrounding public facilities were developed. The public golf
course and most associated public properties west of SilverRock Way were transferred to the City
following completion of the golf course in 2008 and are not the subject of this PMP. This City-
owned public golf course is managed by Landmark Golf Management, LLC pursuant to a
Contract Services and Revocable License Agreement (Attached). The foregoing described City-
owned golf course and associated uses comprise 217.12 acres and are not subject to, or part of,
this PMP.
In November, 2013, the DOF approved the 2011 transfer of 86 acres designated for private
development, including Specific Plan Planning Areas 4, 5, and 6 (Resort Hotel and Resort
Casitas, Mixed Use Resort Retail Village, and Traditional Hotel and Resort Casitas, respectively).
That property was the subject of a March 2011 fair market value purchase and sale. As such,
these properties comprising 86 acres are not subject to, or part of, this PMP.
are divided among four
The remaining 221.78 acres which are the subject of this PMP
different planning areas, as described in the SilverRock Specific Plan (Attached), and illustrated
on the maps that follow this narrative:
Public Golf Course (Specific Plan Planning Area 1)
Civic and Cultural Events Facilities (Specific Plan Planning Area 2) Ã note that these
Civic and Cultural Events Facilities are managed by Landmark Golf Management, LLC
pursuant to the Contract Services and Revocable License Agreement referred to above
(Attached)
Public Park (Specific Plan Planning Area 7)
Public Facilities (Specific Plan Planning Area 8)
The properties identified herein as SilverRock Public Use Parcels (the 221.78 acres that
are subject to this PMP) were purchased, planned, designed, and partially developed with
The Internal
tax-exempt bond proceeds and must be maintained in public ownership.
Revenue Code and implementing regulations and IRS Revenues Procedures preclude the sale,
transfer or assignment of this property for private use. Furthermore, the property is designated
exclusively for public use under the CityÈs General Plan and SilverRock Specific Plan.
Planning and design of the SilverRock Public Golf Course and associated uses is in process and
the following significant public improvements have also been completed: mass grading,
installation of storm drain improvements, installation of L-4 pump station improvements, well site
construction, perimeter landscaping, multi-purpose public trail improvements, and soil
stabilization.
The public storm drain improvements on the site include a large retention basin that currently
serves as the outflow for the Rondo Channel. These drainage improvements provide flood
control infrastructure for the La Quinta Cove and La Quinta Village, areas covering approximately
300 acres, which are substantially developed as single family residential, multi-family residential
and commercial uses.
This public use property has significant annual maintenance costs in its current condition,
including approximately $218,000 (a pro rata share assigned to this property) for dust and PM-10
control. See attached Contract Services and Revocable License Agreement.
10
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In conclusion, while the ultimate development of the second 18-hole public golf course has not
been completed, planning and design work is in progress and significant infrastructure has been
installed in anticipation of the development of the second public golf course. Moreover, and
notwithstanding that construction of the second public golf course has not been completed, the
properties are serving the public in that they provide storm water retention and public
open space. Federal law and local land use restrictions require that the property remain in public
ownership and used for a public purpose.
The properties are identified on the following map:
11
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45
12
46
13
CIVIC AND CULTURAL EVENTS FACILITIES
169,447 SF, 3.89 acres
LOT 20 Ã APN 777-490-012
LOT 22 Ã APN 777-490-014
Planning Area 2 is described as an area including the existing Historic Ahmanson Ranch House,
which will be preserved and maintained for use as a civic and/or cultural events facility. Presently
this property serves as parking, temporary clubhouse and pro shop to service the existing public
golf course. The property has a Contract Services and Revocable License Agreement with
Landmark Golf Management, LLC, specifying how the property will be managed. The Ahmanson
House is a historic building that was built as the working-ranch hacienda amongst the rocky
outcropping that surrounds SilverRock.
The properties identified herein as Civic and Cultural Events Facilities were purchased with tax-
exempt bond proceeds and must be maintained in public ownership. The Internal Revenue
Code, regulations, and IRS Revenue Procedures preclude the sale, transfer or assignment of this
property for private use. The Internal Revenue Code, regulations, and IRS Revenue Procedures
also prohibit any Åprivate activityÆ use of the property.
LOT 20
APN 777-490-012
Date of Acquisition à 6/27/2002
Value of Property at Time of Acquisition - $197,256
Estimate of Current Value - $0 (Market Value)
Purpose of which the Property was Purchased à Develop SilverRock Golf Course and
associated public uses, including the Ahmanson Civic and Cultural Events Facilities.
Address à Southwest corner of Avenue 52 and Jefferson Street
Lot Size à 105,850 Square Feet, 2.43 Acres
Current Zoning Designation à Golf Course
Specific/General Plan Designation à Civic and Cultural Events Facilities (Specific Plan
Planning Area 2)
Appraised Value à Not Applicable
Estimate of Lease Revenues à $0
Environmental History à None
Development Proposal History à This property is developed with a public parking lot to
service the existing City owned Public Golf Course and adjacent historic building that was
rehabilitated for civic and cultural events. The property is managed pursuant to the
attached Contract Services and Revocable License Agreement.
TOD Potential à None
Proposed Disposition à Transfer to City, Governmental Use. As this property is adjacent
to City-owned properties it is anticipated that during the golf course land planning
activities property boundaries may need to be adjusted in the future. These necessary
minor boundary adjustments would be made to accommodate course layout and overall
playability. The aggregate area of Civic and Cultural Events Facilities parcels as identified
in this section (169,447 SF, 3.89 acres), however, will remain the same regardless of any
boundary adjustment.
LOT 22
APN 777-490-014
Date of Acquisition à 6/27/2002
Value of Property at Time of Acquisition - $118,516
Estimate of Current Value - $0 (Market Value)
14
47
Purpose of which the Property was Purchased à Develop SilverRock Golf Course and
associated public uses, including the Ahmanson Civic and Cultural Events Facilities.
Address à Southwest corner of Avenue 52 and Jefferson Street
Lot Size à 63,597 Square Feet, 1.46 Acres
Current Zoning Designation à Golf Course
Specific/General Plan Designation à Civic and Cultural Events Facilities (Specific Plan
Planning Area 2)
Appraised Value à Not Applicable
Estimate of Lease Revenues à $0
Environmental History à None
Development Proposal History à The Specific Plan identifies the area for civic and
cultural events facilities. This property is a historic building that was rehabilitated for civic
and cultural events. The property is managed pursuant to the attached Contract Services
and Revocable License Agreement
TOD Potential à None
Proposed Disposition à Transfer to City, Governmental Use. To be maintained as public
historic asset as a civic and cultural events facility consistent with the SilverRock Specific
Plan.
15
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PUBLIC FACILITIES (CVWD WELL SITE):
29,158 SF, 0.67 acres
LOT 9
Planning Area 8, according to the Specific Plan, includes existing and planned public facilities
including streets, the existing All American Canal, and water well sites. This property was
originally set aside pursuant to SilverRock Domestic Water and Sanitation System Installation
and Irrigation Service Agreement (Attached). It currently functions as a storm water retention
basin.
LOT 9
APN 777-060-062
Date of Acquisition à 6/27/2002
Value of Property at Time of Acquisition - $54,337
Estimate of Current Value - $0 (Market Value)
Purpose of which the Property was Purchased à Develop SilverRock Public Golf Course
and associated public uses, including the Ahmanson Civic and Cultural Events Facilities.
Address à Southwest corner of Avenue 52 and Jefferson Street
Lot Size à 29,158 Square Feet, 0.67 Acres
Current Zoning Designation à Golf Course
Specific/General Plan Designation à Public Facilities (Specific Plan Planning Area 8)
Appraised Value à Not Applicable
Estimate of Lease Revenues à $0
Environmental History à None
Development Proposal History à The property was purchased, planned, designed and
partially developed with tax-exempt bond proceeds and thus the property cannot be
converted to Åprivate useÆ or used for Åprivate activity.Æ Planning and design of the
SilverRock Public Golf Course and associated uses is in progress and the following
significant public improvements have been completed: mass grading, installation of
storm drain improvements, installation of L-4 pump station improvements, well site
construction, perimeter landscaping, multi-purpose public trail improvements, and soil
stabilization.
TOD Potential à None
Proposed Disposition à Transfer to City, Governmental Use. To be maintained as an
existing storm water retention basin.
16
49
PUBLIC GOLF COURSE:
8,096,056 SF, 185.86 acres
LOT A - APNs 776-150-024 and 776-200-027
LOT B - APN 776-150-025
LOT C - APN 777-490-015
LOT D - APN 777-490-016
LOT 10 - APNs 777-060-063, 777-060-066, 777-060-067, and 777-060-069
LOT 12 - APN 777-490-005
LOT 16 - APN 777-490-009
LOT 18 - APN 776-150-022 and 777-490-011
LOT 21 - APN 777-490-013
Planning Area 1 is described as an area including two 18-hole public golf courses and supporting
facilities, including a clubhouse, driving range, instructional facility, and a golf course
maintenance facility. One 18-hole golf course currently exists in this Planning Area and is not
subject to this PMP.
The subject property underwent major excavation during the construction of the existing 18-hole
golf course on the adjacent City-owned property (the adjacent City-owned property is not subject
to this PMP). Existing public improvements on the subject property include: mass grading,
installation of storm drain improvements, installation of L-4 pump station improvements, well site
construction, perimeter landscaping, multi-purpose public trail improvements, and soil
stabilization.
The City also explored designating the subject property for land conservation purposes and
determined that the land is unsuitable for conservation as a result of previous farming operations
and mass grading and soil export.
LOT A
APNs 776-150-024 and 776-200-027
Date of Acquisition à 6/27/2002
Value of Property at Time of Acquisition - $369,349
Estimate of Current Value - $0 (Market Value)
Purpose of which the Property was Purchased à Develop SilverRock Golf Course and
associated public uses, including the Ahmanson Civic and Cultural Events Facilities.
Address à Southwest corner of Avenue 52 and Jefferson Street
Lot Size à 198,197 Square Feet, 4.55 Acres
Designation à Golf Course
Specific/General Plan Designation à Public Golf Course (Specific Plan Planning Area 1)
Appraised Value à Not Applicable
Estimate of Lease Revenues à $0
Environmental History à None
Development Proposal History à The property was purchased, planned, designed and
partially developed with tax-exempt bond proceeds and thus the property cannot be
converted to Åprivate useÆ or used for Åprivate activity.Æ Planning and design of the
SilverRock Public Golf Course and associated uses is in progress and the following
significant public improvements have been completed: mass grading, installation of
storm drain improvements, installation of L-4 pump station improvements, well site
construction, perimeter landscaping, multi-purpose public trail improvements, and soil
stabilization.
TOD Potential à None
Proposed Disposition à Transfer to City, Governmental Use. The City plans to build out
the remaining 18-hole public golf course and provide open space to the public. As this
property is adjacent to City-owned properties it is anticipated that during the golf course
land planning activities the property boundaries may need to be adjusted in the future.
17
50
These necessary minor boundary adjustments would be made to accommodate course
layout and overall playability. The aggregate area of public golf course parcels as
identified in this planning area above (8,096,056 SF, 185.86 acres), however, will remain
the same regardless of any such boundary adjustment.
LOT B
APN 776-150-025
Date of Acquisition à 6/27/2002
Value of Property at Time of Acquisition - $239,469
Estimate of Current Value - $0 (Market Value)
Purpose of which the Property was Purchased à Develop SilverRock Public Golf Course
and associated public uses, including the Ahmanson Civic and Cultural Events Facilities.
Address à Southwest corner of Avenue 52 and Jefferson Street
Lot Size à 128,502 Square Feet, 2.95 Acres
Current Zoning Designation à Golf Course
Specific/General Plan Designation à Public Golf Course (Specific Plan Planning Area 1)
Appraised Value à Not Applicable
Estimate of Lease Revenues à $0
Environmental History à None
Development Proposal History à The property was purchased, planned, designed and
partially developed with tax-exempt bond proceeds and thus the property cannot be
converted to Åprivate useÆ or used for Åprivate activity.Æ Planning and design of the
SilverRock Public Golf Course and associated uses is in progress and the following
significant public improvements have been completed: mass grading, installation of
storm drain improvements, installation of L-4 pump station improvements, well site
construction, perimeter landscaping, multi-purpose public trail improvements, and soil
stabilization.
TOD Potential à None
Proposed Disposition à Transfer to City, Governmental Use. The City plans to build out
the remaining 18-hole public golf course and provide open space to the public. As this
property is adjacent to City-owned properties it is anticipated that during the golf course
land planning activities the property boundaries may need to be adjusted in the future.
These necessary minor boundary adjustments would be made to accommodate course
layout and overall playability. The aggregate area of public golf course parcels as
identified in this Planning Area above (8,096,056 SF, 185.86 acres), however, will remain
the same regardless of any such boundary adjustment.
LOT C
APN 777-490-015
Date of Acquisition à 6/27/2002
Value of Property at Time of Acquisition - $69,000
Estimate of Current Value - $0 (Market Value)
Purpose of which the Property was Purchased à Develop SilverRock Public Golf Course
and associated public uses, including the Ahmanson Civic and Cultural Events Facilities.
Address à Southwest corner of Avenue 52 and Jefferson Street
Lot Size à 37,026 Square Feet, 0.85 Acres
Current Zoning Designation à Golf Course
Specific/General Plan Designation à Public Golf Course (Specific Plan Planning Area 1)
Appraised Value à Not Applicable
Estimate of Lease Revenues à $0
Environmental History à None
Development Proposal History à The property was purchased, planned, designed and
partially developed with tax-exempt bond proceeds and thus the property cannot be
converted to Åprivate useÆ or used for Åprivate activity.Æ Planning and design of the
18
51
SilverRock Public Golf Course and associated uses is in progress and the following
significant public improvements have been completed: mass grading, installation of
storm drain improvements, installation of L-4 pump station improvements, well site
construction, perimeter landscaping, multi-purpose public trail improvements, and soil
stabilization.
TOD Potential à None
Proposed Disposition à Transfer to City, Governmental Use. The City plans to build out
the remaining 18-hole public golf course and provide open space to the public. As this
property is adjacent to City-owned it is anticipated that during the golf course land
planning activities the property boundaries may need to be adjusted in the future. These
necessary minor boundary adjustments would be made to accommodate course layout
and overall playability. The aggregate area of public golf course parcels as identified in
this Planning Area above (8,096,056 SF, 185.86 acres), however, will remain the same
regardless of any such boundary adjustment.
LOT D
APN 777-490-016
Date of Acquisition à 6/27/2002
Value of Property at Time of Acquisition - $143,681
Estimate of Current Value - $0 (Market Value)
Purpose of which the Property was Purchased à Develop SilverRock Public Golf Course
and associated public uses, including the Ahmanson Civic and Cultural Events Facilities.
Address à Southwest corner of Avenue 52 and Jefferson Street
Lot Size à 77,101 Square Feet, 1.77 Acres
Current Zoning Designation à Golf Course
Specific/General Plan Designation à Public Golf Course (Specific Plan Planning Area 1)
Appraised Value à Not Applicable
Estimate of Lease Revenues à $0
Environmental History à None
Development Proposal History à The property was purchased, planned, designed and
partially developed with tax-exempt bond proceeds and thus the property cannot be
converted to Åprivate useÆ or used for Åprivate activity.Æ Planning and design of the
SilverRock Public Golf Course and associated uses is in progress and the following
significant public improvements have been completed: mass grading, installation of
storm drain improvements, installation of L-4 pump station improvements, well site
construction, perimeter landscaping, multi-purpose public trail improvements, and soil
stabilization.
TOD Potential à None
Proposed Disposition à Transfer to City, Governmental Use. The City plans to build out
the remaining 18-hole public golf course and provide open space to the public. As this
property is adjacent to City-owned properties it is anticipated that during the golf course
land planning activities the property boundaries may need to be adjusted in the future.
These necessary minor boundary adjustments would be made to accommodate course
layout and overall playability. The aggregate area of public golf course parcels as
identified in this planning area above (8,096,056 SF, 185.86 acres), however, will remain
the same regardless of any such boundary adjustment.
LOT 10
APNs 777-060-063, 777-060-066, 777-060-067, and 777-060-069
Date of Acquisition à 6/27/2002
Value of Property at Time of Acquisition - $4,451,687
Estimate of Current Value - $0 (Market Value)
Purpose of which the Property was Purchased à Develop SilverRock Public Golf Course
and associated public uses, including the Ahmanson Civic and Cultural Events Facilities.
Address à Southwest corner of Avenue 52 and Jefferson Street
19
52
Lot Size à 2,388,828 Square Feet, 54.84 Acres
Current Zoning Designation à Golf Course
Specific/General Plan Designation à Public Golf Course (Specific Plan Planning Area 1)
Appraised Value à Not Applicable
Estimate of Lease Revenues à $0
Environmental History à None
Development Proposal History à The property was purchased, planned, designed and
partially developed with tax-exempt bond proceeds and thus the property cannot be
converted to Åprivate useÆ or used for Åprivate activity.Æ Planning and design of the
SilverRock Public Golf Course and associated uses is in progress and the following
significant public improvements have been completed: mass grading, installation of
storm drain improvements, installation of L-4 pump station improvements, well site
construction, perimeter landscaping, multi-purpose public trail improvements, and soil
stabilization. Portions of Lot 10 are utilized pursuant to a Farm Agreement (Attached).
TOD Potential à None
Proposed Disposition à Transfer to City, Governmental Use. The City plans to build out
the remaining 18-hole public golf course and provide open space to the public. As this
property is adjacent to City-owned properties it is anticipated that during the golf course
land planning activities the property boundaries may need to be adjusted in the future.
These necessary minor boundary adjustments would be made to accommodate course
layout and overall playability. The aggregate area of public golf course parcels as
identified in this planning area above (8,096,056 SF, 185.86 acres), however, will remain
the same regardless of any such boundary adjustment.
LOT 12
APN 777-490-005
Date of Acquisition à 6/27/2002
Value of Property at Time of Acquisition - $2,625,231
Estimate of Current Value - $0 (Market Value)
Purpose of which the Property was Purchased à Develop SilverRock Public Golf Course
and associated public uses, including the Ahmanson Civic and Cultural Events Facilities.
Address à Southwest corner of Avenue 52 and Jefferson Street
Lot Size à 1,408,730 Square Feet, 32.34 Acres
Current Zoning Designation à Golf Course
Specific/General Plan Designation à Public Golf Course (Specific Plan Planning Area 1)
and Public Facilities (Specific Plan Planning Area 8)
Appraised Value à Not Applicable
Estimate of Lease Revenues à $0
Environmental History à None
Development Proposal History à The property was purchased, planned, designed and
partially developed with tax-exempt bond proceeds and thus the property cannot be
converted to Åprivate useÆ or used for Åprivate activity.Æ Planning and design of the
SilverRock Public Golf Course and associated uses is in progress and the following
significant improvements have been completed: mass grading, installation of storm drain
improvements, installation of L-4 pump station improvements, well site construction,
perimeter landscaping, multi-purpose public trail improvements, and soil stabilization.
TOD Potential à None
Proposed Disposition à Transfer to City, Governmental Use. The City plans to build out
the remaining 18-hole public golf course and provide open space to the public. As this
property is adjacent to City-owned properties it is anticipated that during the golf course
land planning activities the property boundaries may need to be adjusted in the future.
These necessary minor boundary adjustments would be made to accommodate course
layout and overall playability. The aggregate area of public golf course parcels as
identified in this planning area above (8,096,056 SF, 185.86 acres), however, will remain
the same regardless of any such boundary adjustment.
20
53
LOT 16
APN 777-490-009
Date of Acquisition à 6/27/2002
Value of Property at Time of Acquisition - $724,900
Estimate of Current Value - $0 (Market Value)
Purpose of which the Property was Purchased à Develop SilverRock Public Golf Course
and associated public uses, including the Ahmanson Civic and Cultural Events Facilities.
Address à Southwest corner of Avenue 52 and Jefferson Street
Lot Size à 388,990 Square Feet, 8.93 Acres
Current Zoning Designation à Golf Course
Specific/General Plan Designation à Public Golf Course (Specific Plan Planning Area 1)
Appraised Value à NA
Estimate of Lease Revenues à $0
Environmental History à None
Development Proposal History à The property was purchased, planned, designed and
partially developed with tax-exempt bond proceeds and thus the property cannot be
converted to Åprivate useÆ or used for Åprivate activity.Æ Planning and design of the
SilverRock Public Golf Course and associated uses is in progress and the following
significant improvements have been completed: mass grading, installation of storm drain
improvements, installation of L-4 pump station improvements, well site construction,
perimeter landscaping, multi-purpose public trail improvements, and soil stabilization.
TOD Potential à None
Proposed Disposition à Transfer to City, Governmental Use. The City plans to build out
the remaining 18-hole public golf course and provide open space to the public. As this
property is adjacent to City-owned properties it is anticipated that during the golf course
land planning activities the property boundaries may need to be adjusted in the future.
These necessary minor boundary adjustments would be made to accommodate course
layout and overall playability. The aggregate area of public golf course parcels as
identified in this planning area above (8,096,056 SF, 185.86 acres), however, will remain
the same regardless of any such boundary adjustment.
LOT 18
APN 776-150-022 and 777-490-011
Date of Acquisition à 6/27/2002
Value of Property at Time of Acquisition - $5,633,614
Estimate of Current Value - $0 (Market Value)
Purpose of which the Property was Purchased à Develop SilverRock Public Golf Course
and associated public uses, including the Ahmanson Civic and Cultural Events Facilities.
Address à Southwest corner of Avenue 52 and Jefferson Street
Lot Size à 3,023,064 Square Feet, 69.40 Acres
Current Zoning Designation à Golf Course
Specific/General Plan Designation à Public Golf Course (Specific Plan Planning Area 1)
Appraised Value à NA
Estimate of Lease Revenues à $0
Environmental History à None
Development Proposal History à The property was purchased, planned, designed and
partially developed with tax-exempt bond proceeds and thus the property cannot be
converted to Åprivate useÆ or used for Åprivate activity.Æ Planning and design of the
SilverRock Public Golf Course and associated uses is in progress and the following
significant improvements have been completed: mass grading, installation of storm drain
improvements, installation of L-4 pump station improvements, well site construction,
perimeter landscaping, multi-purpose public trail improvements, and soil stabilization.
TOD Potential à None
21
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Proposed Disposition à Transfer to City, Governmental Use. The City plans to build out
the remaining 18-hole public golf course and provide open space to the public. As this
property is adjacent to City-owned properties it is anticipated that during the golf course
land planning activities the property boundaries may need to be adjusted in the future.
These necessary minor boundary adjustments would be made to accommodate course
layout and overall playability. The aggregate area of public golf course parcels as
identified in this Planning Area above (8,096,056 SF, 185.86 acres), however, will remain
the same regardless of any such boundary adjustment.
LOT 21
APN 777-490-013
Date of Acquisition à 6/27/2002
Value of Property at Time of Acquisition - $830,429
Estimate of Current Value - $0 (Market Value)
Purpose of which the Property was Purchased à Develop SilverRock Public Golf Course
and associated public uses, including the Ahmanson Civic and Cultural Events Facilities.
Address à Southwest corner of Avenue 52 and Jefferson Street
Lot Size à 445,618 Square Feet, 10.23 Acres
Current Zoning Designation à Golf Course
Specific/General Plan Designation à Public Golf Course (Specific Plan Planning Area 1)
Appraised Value à Not Applicable
Estimate of Lease Revenues à $0
Environmental History à None
Development Proposal History à The property was purchased, planned, designed and
partially developed with tax-exempt bond proceeds and thus the property cannot be
converted to Åprivate useÆ or used for Åprivate activity.Æ Planning and design of the
SilverRock Public Golf Course and associated uses is in progress and the following
significant improvements have been completed: mass grading, installation of storm drain
improvements, installation of L-4 pump station improvements, well site construction,
perimeter landscaping, multi-purpose public trail improvements, and soil stabilization.
TOD Potential à None
Proposed Disposition à Transfer to City, Governmental Use. The City plans to build out
the remaining 18-hole public golf course and provide open space to the public. As this
property is adjacent to City-owned properties it is anticipated that during the golf course
land planning activities the property boundaries may need to be adjusted in the future.
These necessary minor boundary adjustments would be made to accommodate course
layout and overall playability. The aggregate area of public golf course parcels as
identified in this Planning Area above (8,096,056 SF, 185.86 acres), however, will remain
the same regardless of any such boundary adjustment.
22
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PUBLIC PARK:
1,366,041 SF, 31.36 acres
LOTS E AND 15
Planning Area 7 is described in the Specific Plan as an area totaling approximately 35 acres to be
used as a public park.
LOT E
APN 777-490-017
Date of Acquisition à 6/27/2002
Value of Property at Time of Acquisition - $301,974
Estimate of Current Value - $0 (Market Value)
Purpose of which the Property was Purchased à Develop SilverRock Golf Public Course
and associated public uses, including the Ahmanson Civic and Cultural Events Facilities.
Address à Southwest corner of Avenue 52 and Jefferson Street
Lot Size à 162,043 Square Feet, 3.72 Acres
Current Zoning Designation à Golf Course
Specific/General Plan Designation à Public Park (Specific Plan Planning Area 7)
Appraised Value à NA
Estimate of Lease Revenues à $0
Environmental History à None
Development Proposal History à The property was purchased, planned, designed and
partially developed with tax-exempt bond proceeds and thus the property cannot be
converted to Åprivate useÆ or used for Åprivate activity.Æ Planning and design of the
SilverRock Public Golf Course and associated uses is in progress and the following
significant public improvements have been completed: mass grading, installation of
storm drain improvements, installation of L-4 pump station improvements, well site
construction, perimeter landscaping, multi-purpose public trail improvements, and soil
stabilization.
TOD Potential à None
Proposed Disposition à Transfer to City, Governmental Use. This property will be
developed as a Public Park consistent with the SilverRock Specific Plan when funding is
available.
LOT 15
APN 777-490-008
Date of Acquisition à 6/27/2002
Value of Property at Time of Acquisition - $2,243,704
Estimate of Current Value - $0 (Market Value)
Purpose of which the Property was Purchased à Develop SilverRock Public Golf Course
and associated public uses, including the Ahmanson Civic and Cultural Events Facilities.
Address à Southwest corner of Avenue 52 and Jefferson Street
Lot Size à 1,203,998 Square Feet, 27.64 Acres
Current Zoning Designation à Golf Course
Specific/General Plan Designation à Public Park (Specific Plan Planning Area 7)
Appraised Value à Not Applicable
Estimate of Lease Revenues à $0
Environmental History à None
Development Proposal History à The property was purchased, planned, designed and
partially developed with tax-exempt bond proceeds and thus the property cannot be
converted to Åprivate useÆ or used for Åprivate activity.Æ Planning and design of the
SilverRock Public Golf Course and associated uses is in progress and the following
significant public improvements have been completed: mass grading, installation of
storm drain improvements, installation of L-4 pump station improvements, well site
23
56
construction, perimeter landscaping, multi-purpose public trail improvements, and soil
stabilization.
TOD Potential à None
Proposed Disposition à Transfer to City, Governmental Use. This property will be
developed as a Public Park consistent with the SilverRock Specific Plan when funding is
available.
24
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ATTACHMENTS
Appendix 1: Public Right of Way Transfer Staff Report (3 pages)
Appendix 2: SilverRock Golf Course Management Agreement (62 pages)
Appendix 3: SilverRock Dust and PM-10 Control Contract Services and Revocable License
Agreement (29 pages)
Appendix 4: SilverRock Domestic Water and Sanitation System Installation and Irrigation
Service Agreement (70 pages)
Appendix 5: SilverRock Specific Plan (70 pages)
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Appendix 1: Public Right of Way Transfer Staff Report (3 pages)
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60
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62
Appendix 2: SilverRock Golf Course Management Agreement (62 pages)
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Appendix 3: SilverRock Dust and PM-10 Control Contract Services and Revocable License
Agreement (29 pages)
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Appendix 4: SilverRock Domestic Water and Sanitation System Installation and Irrigation
Service Agreement (70 pages)
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Appendix 5: SilverRock Specific Plan (70 pages)
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ATTACHMENT 2
The 2006 Village District
proposals and activity in the area may result in Services and Revocable Services and Revocable Services and Revocable Services and Revocable Services and Revocable Services and Revocable
Services and Revocable Services and Revocable Services and Revocable Services and Revocable Services and Revocable Services and Revocable Services and Revocable Services and Revocable
million parking structure
Parking Study indicates that future development
HSC 34191.5 (c)(1)(D)HSC 34191.5 (c)(1)(F)HSC 34191.5 (c)(1)H)
History of previous development of a $7.6 SilverRock Dust and PMSilverRock Dust and PMSilverRock Dust and PMSilverRock Dust and PMSilverRock Dust and PMSilverRock Dust and PMSilverRock
Dust and PMSilverRock Dust and PMSilverRock Dust and PMSilverRock Dust and PMSilverRock Dust and PMSilverRock Dust and PMSilverRock Dust and PMSilverRock Dust and PM
Developed in 2007 as Developed in 2007 as Developed in 2007 as
parking deficits and 10 Control Contract 10 Control Contract 10 Control Contract 10 Control Contract 10 Control Contract 10 Control Contract 10 Control Contract 10 Control Contract 10
Control Contract 10 Control Contract 10 Control Contract 10 Control Contract 10 Control Contract 10 Control Contract
License Agreement License Agreement License Agreement License Agreement License Agreement License Agreement License Agreement License Agreement License Agreement License Agreement License
Agreement License Agreement License Agreement License Agreement
development
public right of way public right of way public right of way
roadway/walkwayroadway/walkwayroadway/walkway
--------------
recommends
on this site.
House, a building designated House, a building designated
as a civic and cultural events The City's General Plan, and as a civic and cultural events
Advancement of planning facilities, such as roads, the preserved as the Ahmanson preserved as the Ahmanson
The City's General Plan, anThe City's General Plan, anThe City's General Plan, anThe City's General Plan, anThe City's General Plan, anThe City's General Plan , anThe City's General
Plan, anThe City's General Plan, anThe City's General Plan, anThe City's General Plan, anThe City's General Plan, anThe City's General Plan, anThe City's General Plan, an
City Council on October 3,
The Village Specific Plan,
adopted by the La Quinta
Village Commercial Core
1989 (SP 87-009) allows
successor agency stipulate that this site be stipulate that this site be stipulate that this site be stipulate that this site be stipulate that this site be stipulate that this site
be stipulate that this site be stipulate that this site be stipulate that this site be stipulate that this site be stipulate that this site be stipulate that this site be stipulate that
this site be
permitted use within the SilverRock Specfic Plan SilverRock Specfic Plan SilverRock Specfic Plan SilverRock Specfic Plan SilverRock Specfic Plan SilverRock Specfic Plan SilverRock Specfic
Plan SilverRock Specfic Plan SilverRock Specfic Plan SilverRock Specfic Plan SilverRock Specfic Plan SilverRock Specfic Plan SilverRock Specfic Plan SilverRock Specfic Plan
All American Canal and
Coachella Valley Water
objectives of the
public parking lots as a facility, and related usesfacility, and related uses
development of public
used for a Public Golf used for a Public Golf used for a Public Golf used for a Public Golf used for a Public Golf used for a Public Golf used for a Public Golf used for a Public Golf
used for a Public Golf used for a Public Golf
stipulate that area be
used for a Public Park
of Way00NANoneNonePublic Right of Wayof Way00NANoneNonePublic Right of Wayof Way00NANoneNonePublic Right of Wayddddddddddddd
designated for the
HSC 34191.5 (c)(1)(G)
District well site
subzone
CourseCourseCourseCourseCourseCourseCourseCourseCourseCourse
Description of
70 Bus Stop is
Sunline Transit
potential for side of the site.
development Agency Route
property's
on the East
oriented
transit
contaminationNonecontaminationNoneNoneNoneNonecontaminationNonecontaminationNonecontaminationNoneNoneNonecontaminationNoneNoneNoneNone
and/or remediation, and
contamination, studies,
Phase 1 Environmental Phase 1 Environmental Phase 1 Environmental Phase 1 Environmental Phase 1 Environmental Phase 1 Environmental Phase 1 Environmental Phase 1 Environmental Phase
1 Environmental Phase 1 Environmental Phase 1 Environmental Phase 1 Environmental Phase 1 Environmental Phase 1 Environmental
designation as a
environmental
brownfield site
History of Study indicates no Study indicates no Study indicates no Study indicates no Study indicates no Study indicates no Study indicates no Study indicates no Study indicates no
Study indicates no Study indicates no Study indicates no Study indicates no Study indicates no
environmentalenvironmentalenvironmentalenvironmentalenvironmentalenvironmentalenvironmentalenvironmentalenvironmentalenvironmentalenvironmentalenvironmentalenvironmentalenvironmental
contaminationcontaminationcontaminationcontaminationcontaminationcontaminationcontaminationcontamination
Facilities00NANone
was purchased with Tax was purchased with Tax was purchased with Tax was purchased with Tax was purchased with Tax was purchased with Tax was purchased with Tax was purchased with Tax
was purchased with Tax was purchased with Tax was purchased with Tax was purchased with Tax was purchased with Tax was purchased with Tax
Exempt bond proceeds, Exempt bond proceeds, Exempt bond proceeds, Exempt bond proceeds, Exempt bond proceeds, Exempt bond proceeds, Exempt bond proceeds, Exempt bond proceeds, Exempt
bond proceeds, Exempt bond proceeds, Exempt bond proceeds, Exempt bond proceeds, Exempt bond proceeds, Exempt bond proceeds,
requirements for use converted to private useconverted to private useconverted to private useconverted to private useconverted to private useconverted to private useconverted to
private useconverted to private useconverted to private useconverted to private useconverted to private useconverted to private useconverted to private useconverted to private
use
the property cannot be the property cannot be the property cannot be the property cannot be the property cannot be the property cannot be the property cannot be the property cannot be
the property cannot be the property cannot be the property cannot be the property cannot be the property cannot be the property cannot be
Because the property Because the property Because the property
of income/revenue
Because the propertBecause the propertBecause the propertBecause the propertBecause the propertBecause the propertBecause the propertBecause the propertBecause the propertBecause the
propertBecause the propert
or used for private or used for private or used for private or used for private or used for private or used for private or used for private or used for private or used for private
or used for private or used for private or used for private or used for private or used for private
Contractual
HSC 34191.5 (c)(1)(C)HSC 34191.5 (c)(1)(E)
yyyyyyyyyyy
activity.activity.activity.activity.activity.activity.activity.activity.activity.activity.activity.activity.activity.activity.
Course00Course00000Course00Course00Course0000Course00000
Income/Revenue
Estimate of
Course0Course0Course0Course0Course0Course0Course0Course0
Estimate of Current
Parcel Value
Public Right Public Right Public Right
MC - Major
Community
Current GC - Golf GC - Golf GC - Golf GC - Golf GC - Golf GC - Golf GC - Golf GC - Golf GC - Golf GC - Golf GC - Golf GC - Golf GC - Golf GC - Golf
Zoning
(Sq Ft) Lot Acres and Seeley DriveF604-630-018871 0.02 Highway 111E604-630-0232,178 0.05 Highway 111E604-630-0241,742 0.04 MontezumaNA773-078-03448,351
1.11 027198,197 4.55 Jefferson StreetLot B776-150-025128,502 2.95 37,026 0.85 77,101 1.77 Jefferson StreetLot 9777-060-06229,158
0.67 0692,388,828 54.84 Jefferson StreetLot 12777-490-0051,408,730 32.34 0113,023,064 69.40 63,597 1.46
162,043 3.72 1,203,998 27.64 388,990 8.93 105,850 2.43 445,618 10.23
Lot Size
and 777-060-
777-060-063,777-060-066,
and 770-200-and 777-490-
776-150-024Lot C777-490-015777-490-016777-490-017777-060-067777-490-008777-490-009776-150-022777-490-012777-490-013777-490-014
property was acquiredAddressLOT #APN#
Jefferson StreetLot 10Jefferson StreetLot 15Jefferson StreetLot 16Jefferson StreetLot 18Jefferson StreetLot 20Jefferson StreetLot 21Jefferson StreetLot 22
Jefferson StreetLot AJefferson StreetLot DJefferson StreetLot E
Seeley Drive and Seeley Drive and
Northeast corner
of Avenue 52 andof Avenue 52 andof Avenue 52 andof Avenue 52 andof Avenue 52 andof Avenue 52 andof Avenue 52 andof Avenue 52 andof Avenue 52 andof Avenue 52 andof Avenue 52 andof Avenue
52 andof Avenue 52 andof Avenue 52 and
Southwest corneSouthwest corneSouthwest corneSouthwest corneSouthwest corneSouthwest corneSouthwest corneSouthwest corneSouthwest corneSouthwest corneSouthwest corneSouthwest corneSouthwest
corneSouthwest corne
Street between Street between Street between Jefferson Street
Miles Avenue
Navarro and
WashingtonWashingtonWashingtonof Avenida
East of East of East of Avenidarrrrrrrrrrrrrr
Community Park and La
parking to the La Quinta
HSC 34191.5 (c)(1)(B) To provide public right To provide public right To provide public right
associated public uses associated public uses associated public uses associated public uses associated public uses associated public uses associated public uses associated public uses
Purpose for which
To construct a public To construct a public To construct a public To construct a public To construct a public To construct a public To construct a public To construct a public
To construct a public To construct a public To construct a public To construct a public To construct a public To construct a public
purchased in 1989 to
of way infrastructure of way infrastructure of way infrastructure
provide free public
The property was
associated uses associated uses associated uses associated uses associated uses associated uses
Quinta Museum
golf course and golf course and golf course and golf course and golf course and golf course and golf course and golf course and golf course and golf course and golf course and golf course
and golf course and golf course and
Proposed Sale
SALE OF PROPERTY 0201402014020140201402014020140201402014020140201402014020140201402014020140201402014
2014
Date
Proposed Sale
Value
0
Current Value
7/12/1990545,670 545,670 Book Dec-13Well Site)6/27/200254,337 - Market Dec-13Facilities6/27/2002197,256 - Market Dec-13Facilities6/27/20021
18,516 - Market Dec-13
Governmental UsePublic Right of Way4/4/2005849849 Book Dec-13Governmental UsePublic Right of Way4/4/20052,1222,122 Book Dec-13Governmental UsePublic Right of Way4/4/20051,6971,697 Book
Dec-13Dec-13Governmental UsePublic Golf Course6/27/2002239,469 - Market Dec-13Governmental UsePublic Golf Course6/27/200269,000 - Market
Dec-13Governmental UsePublic Golf Course6/27/2002143,681 - Market Dec-13Governmental UsePublic Park6/27/2002301,974 - Market Dec-13Governmental
UsePublic Golf Course6/27/20024,451,687 - Market Dec-13Governmental UsePublic Golf Course6/27/20022,625,231 - Market Dec-13Governmental
UsePublic Park6/27/20022,243,704 - Market Dec-13Governmental UsePublic Golf Course6/27/2002724,900 - Market Dec-13Governmental UsePublic
Golf Course6/27/20025,633,614 - Market Dec-13Governmental UsePublic Golf Course6/27/2002830,429 - Market Dec-13
Date of Estimated
Current Value Value Basis
369,349 - Market
Estimated
HSC 34191.5 (c)(1)(A)
Value at Time
of Purchase
No.Property TypePermissable UsePermissable Use DetailAcquisition Date
12/27/1989 &
Public Golf Course6/27/2002
Civic and Cultural Events Civic and Cultural Events
Public Facilities (CVWD
LONG RANGE PROPERTY MANAGEMENT PLAN: PROPERTY INVENTORY DATA
Major Community
Facilities
HSC 34191.5 (c)(2)
Successor Agency: City of La Quinta Successor Agency
Governmental UseGovernmental UseGovernmental UseGovernmental UseGovernmental Use
Lot Size (Added words Sq Ft to box)
Parking Lot/Structure
Roadway/WalkwayRoadway/WalkwayRoadway/Walkway
Column Added by La Quinta
Vacant Lot/LandVacant Lot/LandVacant Lot/LandVacant Lot/LandVacant Lot/LandVacant Lot/LandVacant Lot/LandVacant Lot/LandVacant Lot/LandVacant Lot/LandVacant Lot/LandVacant Lot/LandVacant
Lot/LandVacant Lot/Land
County: Riverside
101112131415161718
123456789
299
3
ATTACHMENT
4
ATTACHMENT
300
301
5
ATTACHMENT
12
302
13