2020 12 15 SA Minutes Special MeetingCITY AS SUCCESSOR AGENCY TO RDA Page 1 of 2 DECEMBER 15, 2020
SPECIAL MEETING
SUCCESSOR AGENCY TO THE
LA QUINTA REDEVELOPMENT AGENCY
SPECIAL MEETING
MINUTES
TUESDAY, DECEMBER 15, 2020
CALL TO ORDER
A Special 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 9:37 p.m. by Chairperson Evans.
This meeting provided teleconference accessibility pursuant to Executive
Orders N-25-20, N-29-20, N-33-20, N-35-20, and N-60-20 executed by the
Governor of California, and the directives under the “Regional Stay At Home
Order” from the California Department of Public Health, in response to the
state of emergency relating to novel coronavirus disease 2019 (COVID-19)
and enabling teleconferencing accommodations by suspending or waiving
specified provisions of the Ralph M. Brown Act (Government Code § 54950
et seq.).
PRESENT: Agency Members Fitzpatrick, Peña, Radi, Sanchez, Chair Evans
ABSENT: None
STAFF PRESENT: Executive Director McMillen, Agency Counsel Ihrke, Agency
Secretary Radeva, and Finance Director Romero.
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None
CONFIRMATION OF AGENDA – Confirmed
CONSENT CALENDAR
1. APPROVE SPECIAL MEETING MINUTES OF OCTOBER 6, 2020
MOTION – A motion was made and seconded by Agency Members Radi/Peña
to approve the Consent Calendar as recommended. Motion passed
unanimously.
CITY AS SUCCESSOR AGENCY TO RDA Page 2 of 2 DECEMBER 15, 2020
SPECIAL MEETING
BUSINESS SESSION
1. ADOPT A FIRST AMENDED AND RESTATED RESOLUTION FOR
ISSUANCE AND SALE OF TAX ALLOCATION REFUNDING BONDS
[RESOLUTION NO. SA 2020-002]
Finance Director Romero presented the staff report which is on file in the
Clerk’s Office.
MOTION – A motion was made and seconded by Agency Members
Radi/Fitzpatrick to adopt a First Amended and Restated Resolution No. SA
2020-002 authorizing the issuance and sale of Tax Allocation Refunding
Bonds by the Successor Agency to the La Quinta Redevelopment Agency in
the approximate amount of $157,470,000, 2021 Taxable Series A, and
authorize certain actions in connection therewith:
A FIRST AMENDED AND RESTATED RESOLUTION OF THE SUCCESSOR
AGENCY TO LA QUINTA REDEVELOPMENT AGENCY AUTHORIZING THE
ISSUANCE AND SALE OF TAX ALLOCATION REFUNDING BONDS
APPROVING THE FORM OF A THIRD SUPPLEMENTAL INDENTURE OF
TRUST, PRELIMINARY OFFICIAL STATEMENT, BOND PURCHASE
CONTRACT, CONTINUING DISCLOSURE AGREEMENT, ESCROW
AGREEMENT, AND RELATED DOCUMENTS AND AUTHORIZING
CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH
Motion passed unanimously.
CHAIR AND AGENCY MEMBERS' ITEMS - None
ADJOURNMENT
There being no further business, it was moved and seconded by Agency Members
Fitzpatrick/Radi to adjourn at 9:49 p.m. Motion passed unanimously.
Respectfully submitted,
MONIKA RADEVA, Agency Secretary
Successor Agency to the dissolved
La Quinta Redevelopment Agency