2013 02 20 OB Minutes
OVERSIGHT BOARD
OF THE SUCCESSOR AGENCY TO
LA QUINTA REDEVELOPMENT AGENCY
MINUTES
WEDNESDAY, FEBRUARY 20, 2013
CALL TO ORDER
A regular meeting of the Oversight Board of the Successor Agency to La Quinta
Redevelopment Agency was called to order at 2:02 p.m. by Chairperson Peña.
PRESENT: Board Members , Maysels, , Osborne and Chairperson
Peña
ABSENT: Board Members Ellis and McDaniel
STAFF PRESENT: Frank J. Spevacek, Executive Director of the Successor Agency
PUBLIC COMMENT
- None
CONFIRMATION OF AGENDA
– Board Member Osborne requested that Consent Item
No. 1 be changed to Business Item No. 1. The Board made no objection.
APPROVAL OF MINUTES
Motion – A motion was made by Board Members Ellis/Maysels to approve the Special
Oversight Board Minutes of December 5, 2012, as submitted. Motion passed 4 ayes, 1
abstain, 2 absent (Board Member Osborne abstained due to absence at the November
28, 2012 meeting).
BUSINESS SESSION
1. Adoption of a Resolution Approving the Successor Agency Budget for July 2013
through December 2013
MOTION – A motion was made by Board Members Osborne/Ellis to adopt
Resolution No. OB 2013-001. Motion passed 5 ayes, 0 noes, 2 absent.
RESOLUTION NO. OB 2013-
A RESOLUTION OF THE OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY TO LA QUINTA
REDEVELOPMENT AGENCY APPROVING THE
SUCCESSOR AGENCY ADMINISTRATIVE BUDGET FOR
THE PERIOD OF JULY 2013 THROUGH DECEMBER
2013
2. Resolution Approving a Recognized Obligation Payment Schedule of the Former
La Quinta Redevelopment Agency for the Period of July 2013 through December
2013
MOTION – A motion was made by Board Members Osborne/Ellis to adopt
Resolution No. OB 2013-002. Motion passed 5 ayes, 0 noes, 2 absent.
RESOLUTION NO. OB 2013-
A RESOLUTION OF THE OVERSIGHT BOARD OF THE
SUCCESSOR AGENGY TO LA QUINTA
REDEVELOPMENT AGENCY 1) ADOPTING A
RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR
THE PERIOD OF JULY 2013 THROUGH DECEMBER
2013; 2) APPROVING THE CONTINUED
IMPLEMENTATION OF THE WASHINGTON STREET
APARTMENTS REHABILITATION PROJECT, 3)
APPROVING THE EXPENDITURE OF $3,006,360 IN 2004
TAX-EXEMPT HOUSING BOND PROCEEDS AND
$15,523,220 OVER THE COURSE OF IMPLEMENTATION,
AND $1,718,831 IN 2004 TAX-EXEMPT HOUSING BOND
PROCEEDS DURING THE JULY – DECEMBER 2013
ROPS PERIOD, 4) CONFIRMING THAT THE HOUSING
BOND PROCEEDS ARE HOUSING ASSETS THAT ARE
TO BE TRANSFERRED TO THE LA QUINTA HOUSING
AUTHORITY PURSUANT TO HEALTH & SAFETY CODE
SECTION 34176(b) IN ACCORDANCE WITH THE ROPS
SCHEDULE
REPORTS AND INFORMATION ITEMS
1. Update on D.O.F. & State Controller’s Activities
ADJOURNMENT
OVERSIGHT BOARD 2 February 20, 2013
There being no further business, it was moved by Board Members Maysels/Osborne to
adjourn this meeting at 2:06 p.m. Motion passed unanimously.
Respectfully submitted,
Vianka Orrantia
Oversight Board Secretary
City of La Quinta, California
OVERSIGHT BOARD 3 February 20, 2013