2014 03 18 SA MinutesSUCCESSOR AGENCY TO THE
LA QUINTA REDEVELOPMENT AGENCY
MINUTES
TUESDAY, MARCH 18, 2014
A regular meeting of the La Quinta City Council in their capacity as Successor
Agency to the La Quinta Redevelopment Agency ("SA") was called to order at
7:09 p.m. by Chairperson Adolph.
PRESENT: Agency Members Evans, Franklin, Henderson, Osborne, Chair Adolph
ABSENT: None
CLOSED SESSION — None
PUBLIC COMMENT — None
CONFIRMATION OF AGENDA — Confirmed
PRESENTATIONS — None
WRITTEN COMMUNICATIONS — None
APPROVAL OF MINUTES
MOTION — A motion was made and seconded by Agency Members Evans/Franklin
to approve the minutes of March 4, 2014 as submitted. Motion passed
unanimously.
CONSENT CALENDAR
1. APPROVE DEMAND REGISTER DATED MARCH 18, 2014
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORTS DATED
DECEMBER 31, 2013
3. RECEIVE AND FILE TREASURER'S REPORT DATED DECEMBER 31, 2013
4. ADOPT RESOLUTION FOR EXTENSION OF THE JOINT EXERCISE OF
POWERS AGREEMENT THAT ESTABLISHED THE FINANCING AUTHORITY
[RESOLUTION SA 2014-0031
CITY AS SUCCESSOR AGENCY TO RDA 1
MARCH 4, 2014
MOTION — A motion was made and seconded by Agency Members Franklin/
Henderson to approve the Consent Calendar as recommended with Item No. 4
adopting Resolution No. SA 2014-003. Motion passed unanimously.
DEPARTMENT REPORTS
1. OVERSIGHT BOARD REPORT
Executive Director Spevacek provided an update on Oversight Board activities.
BUSINESS SESSION
�. ADOPT RESOLUTION APPROVING ISSUANCE AND SALE OF SUBORDINATE
TAX ALLOCATION REFUNDING BONDS [RESOLUTION SA 2014-0041
MOTION — A motion was made and seconded by Agency Members Osborne/Evans
adopting Resolution No. SA 2014-004 entitled:
RESOLUTION OF THE SUCCESSOR AGENCY TO THE LA QUINTA
REDEVELOPMENT AGENCY AUTHORIZING THE ISSUANCE AND
SALE OF TAX ALLOCATION REFUNDING BONDS, APPROVING THE
FORM OF AN INDENTURE OF TRUST, OFFICIAL STATEMENT, BOND
PURCHASE CONTRACT, CONTINUING DISCLOSURE AGREEMENT,
FORM OF ESCROW AGREEMENT, AND RELATED DOCUMENTS AND
AUTHORIZING CERTAIN OTHER ACTIONS IN CONNECTION
THEREWITH
Motion passed unanimously.
STUDY SESSION — None
ADJOURNMENT
There being no further business, it was moved and seconded by Agency Members
Franklin/Evans to adjourn at 7:11 p.m. Motion passed unanimously.
Respectfully submitted,
's7x� 4'41�
SUSAN MAYSELS, Ag cy Secretary
Successor Agency to the dissolved
La Quinta Redevelopment Agency
CITY AS SUCCESSOR AGENCY TO RDA 2
MARCH 4, 2014