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2026 01 20 HA Quarterly MeetingHOUSING AUTHORITY AGENDA Page 1 of 4 JANUARY 20, 2026 REGULAR QUARTERLY MEETING HOUSING AUTHORITY AGENDA CITY HALL COUNCIL CHAMBER 78495 Calle Tampico La Quinta REGULAR QUARTERLY MEETING TUESDAY, JANUARY 20, 2026, AT 4:00 P.M. Members of the public may listen to this meeting by tuning-in live via www.laquintaca.gov/livemeetings; past meetings are available through the video archive via www.laquintaca.gov/pastmeetings Closed captions in English and Spanish are available to all users through this video streaming service. CALL TO ORDER ROLL CALL: Authority Members: Evans, Fitzpatrick, Peña, Sanchez, and Chairperson McGarrey VERBAL ANNOUNCEMENT – AB 23 [AUTHORITY SECRETARY] PLEDGE OF ALLEGIANCE PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA At this time, members of the public may address the Housing Authority on any matter not listed on the agenda pursuant to the “Public Comments – Instructions” listed at the end of the agenda. The Housing Authority values your comments; however, in accordance with State law, no action shall be taken on any item not appearing on the agenda unless it is an emergency item authorized by the Brown Act [Government Code § 54954.2(b)]. CONFIRMATION OF AGENDA CONSENT CALENDAR NOTE: Consent Calendar items are routine in nature and can be approved by one motion. PAGE 1. APPROVE HOUSING AUTHORITY SPECIAL MEETING MINUTES DATED DECEMBER 2, 2025 5 Housing Authority agendas and staff reports are available on the City’s web site: www.laquintaca.gov HOUSING AUTHORITY AGENDA Page 2 of 4 JANUARY 20, 2026 REGULAR QUARTERLY MEETING 2.AWARD CONTRACT TO LNL PROPERTY SERVICES FOR THE DUNE PALMS MOBILE ESTATE POOL ABANDONMENT PROJECT NO. 2025 -09 7 BUSINESS SESSION PAGE 1. APPOINT HOUSING AUTHORITY CHAIRPERSON AND VICE-CHAIRPERSON FOR CALENDAR YEAR 2026 11 2. RECEIVE AND FILE FISCAL YEAR 2024/25 HOUSING AUTHORITY YEAR-END BUDGET REPORT 13 STUDY SESSION – NONE DEPARTMENTAL REPORTS PAGE 1. WATERCOLORS SENIOR AFFORDABLE HOUSING DEVELOPMENT: PROGRAM STRUCTURE AND OPERATIONS OVERVIEW 23 HOUSING AUTHORITY MEMBERS’ ITEMS ADJOURNMENT *************************************** The next regular quarterly meeting of the Housing Authority will be held on April 21, 2026, at 4:00 p.m. in the City Council Chamber, 78495 Calle Tampico, La Quinta, CA 92253. DECLARATION OF POSTING I, Monika Radeva, Authority Secretary of the La Quinta Housing Authority, do hereby declare that the foregoing Agenda for the La Quinta Housing Authority was published on the City’s website in the “Calendar / Public Meetings” direct link from the City’s home page, and posted at the following freely accessible bulletin board to members of the public, located near the entrance to the Council Chamber at 78495 Calle Tampico on January 16, 2026. DATED: January 16, 2026 MONIKA RADEVA, Authority Secretary La Quinta Housing Authority HOUSING AUTHORITY AGENDA Page 3 of 4 JANUARY 20, 2026 REGULAR QUARTERLY MEETING PUBLIC NOTICES  Agenda packet materials are available for public inspection: 1) at the Clerk’s Office at La Quinta City Hall, located at 78495 Calle Tampico, La Quinta, California 92253; and 2) on the City’s website at www.laquintaca.gov/publicmeetings in accordance with the Brown Act [Government Code §§ 54954.2, 54956, 54957.5]  The La Quinta City Council Chamber is wheelchair accessible. If hearing assistance equipment is needed, please call the City Clerk’s office at (760) 777-7147, 24-hours in advance of the meeting and accommodation will be made.  If background material is to be presented to the Housing Authority during a Housing Authority meeting, please be advised that 15 copies of all documents, exhibits, etc., must be supplied to the Authority Secretary for distribution. It is requested that this takes place prior to the beginning of the meeting. PUBLIC COMMENTS - INSTRUCTIONS Members of the public may address the Housing Authority on any matter listed or not listed on the agenda as follows: WRITTEN PUBLIC COMMENTS can be provided either in-person during the meeting by submitting 15 copies to the Authority Secretary, it is requested that this takes place prior to the beginning of the meeting; or can be emailed in advance to CityClerkMail@LaQuintaCA.gov, no later than 12:00 p.m., on the day of the meeting. Written public comments will be distributed to the Housing Authority, made public, and will be incorporated into the public record of the meeting, but will not be read during the meeting unless, upon the request of the Chairperson, a brief summary of public comments is asked to be reported. If written public comments are emailed, the email subject line must clearly state “Written Comments” and should include: 1) full name, 2) city of residence, and 3) subject matter . VERBAL PUBLIC COMMENTS can be provided in-person during the meeting by completing a “Request to Speak” form and submitting it to the Authority Secretary; it is requested that this takes place prior to the beginning of the meeting. Please limit your comments to three (3) minutes (or approximately 350 words). Members of the public shall be called upon to speak by the Chairperson. In accordance with City Council Resolution No. 2022-027, a one-time additional speaker time donation of three (3) minutes per individual is permitted; please note that the member of the public donating time must: 1) submit this in writing to the Authority Secretary by completing a “Request to Speak” form noting the name of the person to whom time is being donated to, and 2) be present at the time the speaker provides verbal comments. Members of the public who utilize a translator shall be provided at least twice of the allotted time to ensure non-English speakers receive the same opportunity to directly address the Council. Verbal public comments are defined as comments provided in the speakers’ own voice and may not include video or sound recordings of the speaker or of other individuals or entities, unless permitted by the Chairperson. Public speakers may elect to use printed presentation materials to aid their comments; 15 copies of such printed materials shall be provided to the Authority Secretary to be disseminated to the HOUSING AUTHORITY AGENDA Page 4 of 4 JANUARY 20, 2026 REGULAR QUARTERLY MEETING Housing Authority, made public, and incorporated into the public record of the meeting; it is requested that the printed materials are provided prior to the beginning of the meeting. There shall be no use of Chamber resources and technology to display visual or audible presentations during public comments, unless permitted by the Chairperson. All writings or documents, including but not limited to emails and attachments to emails, submitted to the City regarding any item(s) listed or not listed on this agenda are public records. All information in such writings and documents is subject to disclosure as being in the public domain and subject to search and review by electronic means, including but not limited to the City’s Internet Web site and any other Internet Web-based platform or other Web-based form of communication. All information in such writings and documents similarly is subject to disclosure pursuant to the California Public Records Act [Government Code § 7920.000 et seq.]. TELECONFERENCE ACCESSIBILITY – INSTRUCTIONS Teleconference accessibility may be triggered in accordance with the Brown Act “during a proclaimed state of emergency or local emergency,” as defined [Government Code (GC) § 54953.8.2]; or if a member of the Housing Authority requests to attend and participate in this meeting remotely pursuant to any of the following: (1) “disability” [Government Code (GC) §54953(c)], or (2) “just cause” [GC § 54953.8.3], as defined. In such instances, remote public accessibility and participation will be facilitated via Zoom Webinar as detailed at the end of this agenda. *** TELECONFERENCE PROCEDURES*** APPLICABLE ONLY WHEN TELECONFERENCE ACCESSIBILITY IS IN EFFECT Verbal public comments via Teleconference – members of the public may attend and participate in this meeting by teleconference via Zoom and use the “raise your hand” feature when public comments are prompted by the Chair; the City will facilitate the ability for a member of the public to be audible to the Housing Authority and general public and allow him/her/them to speak on the item(s) requested. Please note – members of the public must unmute themselves when prompted upon being recognized by the Chairperson, in order to become audible to the Housing Authority and the public. Only one person at a time may speak by teleconference and only after being recognized by the Chair. Written public comments – can be provided in person during the meeting or emailed to the City Clerk’s Office at CityClerkMail@LaQuintaCA.gov any time prior to the adjournment of the meeting, and will be distributed to the Housing Authority, made public, incorporated into the public record of the meeting, and will not be read during the meeting unless, upon the request of the Chairperson, a brief summary of any public comment is asked to be read, to the extent the City Clerk’s Office can accommodate such request. Closed Caption and Translation – are accessible through the Zoom Webinar audiovisual platform and accessible in real-time to all teleconference participants. ZOOM LINK: https://us06web.zoom.us/s/88215960899 Meeting ID: 882 1596 0899 Or join by phone: (253) 215 – 8782 HOUSING AUTHORITY MINUTES Page 1 of 2 DECEMBER 2, 2025 SPECIAL MEETING HOUSING AUTHORITY SPECIAL MEETING MINUTES TUESDAY, DECEMBER 2, 2025 CALL TO ORDER A special meeting of the La Quinta Housing Authority was called to order at 5:21 p.m. by Chair McGarrey. PRESENT: Authority Members: Evans, Fitzpatrick, Peña, Sanchez, and Chair McGarrey ABSENT: None VERBAL ANNOUNCEMENT – AB 23 was made by the Authority Secretary PLEDGE OF ALLEGIANCE Conducted out of agenda order, during open session of the November 18, 2025, City Council regular meeting, led by Chair / Mayor Pro Tem McGarrey. CONFIRMATION OF AGENDA – Confirmed PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None CONSENT CALENDAR 1. APPROVE HOUSING AUTHORITY SPECIAL MEETING MINUTES DATED NOVEMBER 18, 2025 2. APPROVE PLANS, SPECIFICATIONS, ENGINEER’S ESTIMATE, AND ADVERTISE FOR BID THE DUNE PALMS MOBILE ESTATES POOL ABANDONMENT PROJECT NO. 2025-09 MOTION – A motion was made and seconded by Authority Members Sanchez/Peña to approve the Consent Calendar as presented. Motion passed unanimously. BUSINESS SESSION – None STUDY SESSION – None HOUSING AUTHORITY MEMBERS' ITEMS The Authority discussed the passing of long-time Coachella Valley developer Michael Shovlin, who was instrumental in the La Quinta business community; commended Mr. Shovlin for developing the One-Eleven shopping center, support with certain affordable CONSENT CALENDAR ITEM NO. 1 5 HOUSING AUTHORITY MINUTES Page 2 of 2 DECEMBER 2, 2025 SPECIAL MEETING housing projects, and advocacy in the business community; noted the City Council had recognized Mr. Shovlin’s contributions some years ago; and expressed their gratitude. ADJOURNMENT There being no further business, it was moved and seconded by Authority Member Sanchez/Fitzpatrick to adjourn at 5:24 p.m. in memory of Mr. Shovlin. Motion passed unanimously. Respectfully submitted, MONIKA RADEVA, Authority Secretary La Quinta Housing Authority 6 CONSENT CALENDAR ITEM NO. 2 City of La Quinta HOUSING AUTHORITY QUARTERLY MEETING: January 20, 2026 STAFF REPORT AGENDA TITLE: AWARD CONTRACT TO LNL PROPERTY SERVICES FOR THE DUNE PALMS MOBILE ESTATE POOL ABANDONMENT PROJECT NO. 2025-09 RECOMMENDATION Award contract to LNL Property Services for the Dune Palms Mobile Estates Pool Abandonment Project No. 2025-09; and authorize the Executive Director to execute the contract and approve future change orders within the project budget amount. EXECUTIVE SUMMARY The Dune Palms Mobile Estates Pool Abandonment Project (Project) will abandon the existing unusable empty pool located at the Dune Palms Mobile Estates (Attachment 1). On June 11, 2025, the Housing Commission reviewed and recommended the Housing Authority (Authority) approve the fiscal year (FY) 2025/26 Authority budget, which included the proposed demolition of the pool at the Dune Palms Mobile Estates. The City received 6 contractor bids in January 2026. LNL Property Services of Pahrump, NV, submitted the lowest responsible and responsive bid at $60,490. FISCAL IMPACT Estimated Project costs are $105,000, and in FY 2025/26 the Authority allocation the Project budget in Account No. 241-9104-72110 under Building/Site Improvements. Any remaining funds will be returned to the original Account. The following is the breakdown of the project budget: Total Budget Design/Professional: $ 13,000 Construction: $ 60,490 Inspection/Testing/Survey: $ 10,000 Contingency: $ 21,510 Total Budget: $ 105,000 7 BACKGROUND/ANALYSIS The community pool at Dune Palms Mobile Estates was originally drained and closed during the pandemic, at which time the City identified significant structural damage to the pool foundation. Riverside County Public Health determined that the pool required substantial upgrades to meet current health and safety standards. During final design for the City’s Dune Palms Bridge Project 2011-05, it was determined a portion of the pool property was required, reducing the available area needed to accommodate the improvements. The combination of these conditions made replacement of the pool infeasible. With the Dune Palms Road Bridge project now complete, the City is prepared to permanently abandon the pool. The abandonment work includes breaking open the pool bottom, removing the surrounding concrete decking, filling the pool cavity with suitable compacted backfill, and leaving the site in a clean condition suitable for future enhancements. Staff is currently reviewing the overall layout of Dune Palms Mobile Estates to identify opportunities to improve open space and site circulation. This project was presented to the Housing Commission as a potential improvement expenditure during its review of the Authority’s FY 2025/26 budget on June 11, 2025. The Authority subsequently approved the FY 2025/26 budget on June 17, 2025. In December 2025, staff solicited construction bids from qualified contractors. LNL Property Services was the lowest responsible and responsive bidder. Bid prices were reviewed, and the increase over the engineer’s estimate is primarily attributable to the relatively small size of the project. Contingent upon approval to award the project on January 20, 2026, the following is the proposed project schedule: Authority Considers Project Award January 20, 2026 Execute Contract and Mobilize January to February 2026 Construction (30 Working Days) February to March 2026 Accept Improvements April 2026 ALTERNATIVES Staff does not recommend an alternative. Prepared by: Ubaldo Ayón, Jr., Assistant Construction Manager Approved by: Bryan McKinney, P.E., Public Works Director/City Engineer Attachments: 1. Vicinity Map 2. Bid Comparison 8 ATTACHMENT 1 Vicinity Map N.T.S. 11 9 Bid Opening Date: 01/07/2026 Dune Palms Mobile State Pool Abandonment City Project No. 2025-09 Item Item Description Unit Quantity Unit Price Total Cost Unit Price Total Cost Unit Price Total Cost Unit Price Total Cost Unit Price Total Cost Unit Price Total Cost Unit Price Total Cost 1 Mobilization LS 1 5,000.00$ 5,000.00$ 4,200.00$ 4,200.00$ 8,700.00$ 8,700.00$ 6,011.19$ 6,011.19$ 9,500.00$ 9,500.00$ 5,930.00$ 5,930.00$ 8,000.00$ 8,000.00$ 2 Site/Traffic Control LS 1 1,200.00$ 1,200.00$ 8,200.00$ 8,200.00$ 3,157.38$ 3,157.38$ 4,355.62$ 4,355.62$ 4,500.00$ 4,500.00$ 32,282.00$ 32,282.00$ 7,000.00$ 7,000.00$ 3 Dust Control LS 1 5,000.00$ 5,000.00$ 2,200.00$ 2,200.00$ 1,133.90$ 1,133.90$ 4,039.72$ 4,039.72$ 2,500.00$ 2,500.00$ 24,228.00$ 24,228.00$ 3,000.00$ 3,000.00$ 4 Demolition, Disposal, Clearing, and Grubbing LS 1 7,000.00$ 7,000.00$ 12,500.00$ 12,500.00$ 12,663.58$ 12,663.58$21,064.87$ 21,064.87$ 34,000.00$ 34,000.00$ 35,984.00$ 35,984.00$ 45,422.00$ 45,422.00$ 5 Furnish and Install Unclassified Fill TON 315 25.00$ 7,875.00$ 28.50$ 8,977.50$ 46.12$ 14,527.80$ 48.92$ 15,409.80$ 46.00$ 14,490.00$ 65.00$ 20,475.00$ 174.00$ 54,810.00$ 6 Furnish and Install 12" Crushed Misc. Base SF 910 2.00$ 1,820.00$ 6.80$6,188.00$ 4.25$3,867.50$ 4.62$4,204.20$ 6.50$5,915.00$ 8.70$7,917.00$ 15.00$ 13,650.00$ 7 Furnish and Install 3/8" Minus w/ 20% Fines "Desert Gold" Stabilized Decomposed Granite (3" thick)SF 3,410 1.50$ 5,115.00$ 2.50$ 8,525.00$ 3.49$ 11,900.90$ 2.31$ 7,877.10$ 7.00$ 23,870.00$ 5.00$ 17,050.00$ 4.00$ 13,640.00$ 8 Furnish and Install 6' HT Steel Fence with Footings per City Std. No. 784.1-784.2. Style to Match Existing Steel Fence LF 50 100.00$ 5,000.00$ 124.00$ 6,200.00$ 290.00$ 14,500.00$ 283.64$ 14,182.00$ 155.00$ 7,750.00$ 345.00$ 17,250.00$ 600.00$ 30,000.00$ 9 Furnish and Install 6' HT Steel Single Gate with Footings EA 1 2,500.00$ 2,500.00$ 3,500.00$ 3,500.00$ 6,960.00$ 6,960.00$ 3,545.52$ 3,545.52$ 4,500.00$ 4,500.00$ 4,402.00$ 4,402.00$ 6,255.00$ 6,255.00$ 40,510.00$ 60,490.50$ 77,411.06$ 80,690.02$ 107,025.00$ 165,518.00$ 181,777.00$ 40,510.00$ 60,490.50$ 77,411.06$80,690.02$ 107,025.00$ 165,518.00$ 181,777.00$ Percentage of Eng. Est.:149%191%199%264%409%449% Percentage of Lowest Bidder:128%133%177%274%301% Tri-Star Contracting II, Inc.UBD Inc.SAVI Construction, Inc. Total Base Bid: Sub-Total Base Bid: LNL Property Services Urban HabitatThe Van Dyke CorporationEngineer's Estimate - Base Bid ATTACHMENT 2 10 City of La Quinta HOUSING AUTHORITY QUARTERLY MEETING: January 20, 2026 STAFF REPORT AGENDA TITLE: APPOINT HOUSING AUTHORITY CHAIRPERSON AND VICE- CHAIRPERSON FOR CALENDAR YEAR 2026 RECOMMENDATION Appoint Housing Authority Chairperson and Vice-Chairperson for calendar year 2026. EXECUTIVE SUMMARY On September 15, 2009, Council established the Housing Authority (Authority). The Authority adopted bylaws via Resolution HA 2009-001 establishing the procedure for annually electing the Chairperson and Vice-Chairperson. On April 15, 2014, the Authority adopted amended and restated bylaws and rules of procedure via Resolution HA 2014-001. Section 9 of the amended and restated Authority bylaws states that the Authority shall annually, at its first meeting held after December 30, vote to appoint two of its members to serve as Chairperson and Vice-Chairperson for the calendar year. FISCAL IMPACT – None. BACKGROUND/ANALYSIS The following Authority Members have held these positions in the past nine years: Year Chairperson Vice-Chairperson 2017 Kathleen Fitzpatrick Steve Sanchez 2018 Steve Sanchez John Peña 2019 John Peña Robert Radi 2020 Robert Radi Kathleen Fitzpatrick 2021 Kathleen Fitzpatrick Steve Sanchez 2022 Steve Sanchez John Peña 2023 John Peña Kathleen Fitzpatrick 2024 Kathleen Fitzpatrick Deborah McGarrey 2025 Deborah McGarrey Steve Sanchez ALTERNATIVES As this action is required by Authority bylaws, staff does not recommend an alternative. Prepared by: Olivia Rodriguez, Deputy City Clerk Approved by: Monika Radeva, Authority Secretary BUSINESS SESSION ITEM NO. 1 11 12 City of La Quinta AGENDA TITLE: RECEIVE AND FILE FISCAL YEAR 2024/25 HOUSING AUTHORITY YEAR-END BUDGET REPORT RECOMMENDATION Receive and file fiscal year 2024/25 Housing Authority Year-End Budget Report. EXECUTIVE SUMMARY After closing the prior fiscal year (FY), Finance presents a year-end summary that compares the final budget to actual transactions. Overall revenue was $386,173 higher than budgeted. Overall expenditures were $20,866 lower than budgeted, after carryovers in the amount of $466,100 are carried over to FY 2025/26. The Report was received and filed by the Housing Commission on December 10, 2025. BACKGROUND/ANALYSIS Total adjusted revenues were over budget by $386,173, due to higher interest earnings and loan repayments. Total expenditures were under budget by $20,866; after $466,100 is carried over to FY 2025/26 for building improvements and homelessness assistance programs. Revenues, expenditures, carryovers, and fund balances are outlined in the Fiscal Year- End 2024/25 Housing Authority Budget Report (Attachment 1). ALTERNATIVES No alternatives are applicable. Prepared by: Claudia Martinez, Finance Director/City Treasurer Approved by: Jon McMillen, Executive Director Attachment: 1. Fiscal Year-End 2024/25 Housing Authority Budget Report BUSINESS SESSION ITEM NO. 2 13 HOUSING AUTHORITY QUARTERLY MEETING: January 20, 2026 STAFF REPORT 1 HOUSING AUTHORITY FISCAL YEAR-END 2024/25 BUDGET REPORT The La Quinta Housing Authority oversees three funds, which are restricted for affordable housing programs. This report focuses on significant activities and variances from the final budget during the fiscal year (FY) ended June 30, 2025. REVENUES Total revenues, after non-cash adjustments, were over budget by $386,173. Revenues are summarized by fund below and detailed in Exhibit A. Larger revenue variances from the final budget are described below. Use of Money and Property includes the annual fair market value adjustment to the Authority’s investments; noted as GASB 31 Interest on the revenue line items. In accordance with accounting regulations, a portfolio value adjustment of $268,962 was recorded in order to recognize current market values, which were valued greater than book value due to market conditions resulting in a positive adjustment. This amount has been recorded as an adjustment to revenues, as it is not cash received nor anticipated to be received in the future. Extraordinary Gain revenue of $14,169 in the RDA Low-Mod Housing Fund records the annual former Redevelopment Agency loan repayment interest earned in FY 2024/25. The loan repayments are structured to pay all principal first, then interest. Each year, the City records the payment received and interest earned in accordance with the State Department of Finance approved loan repayment Housing Authority Revenues Final Budget Actual Variance Housing Authority Fund 1,552,000 2,016,376 464,376 RDA Low-Mod Housing Fund 60,000 253,410 193,410 2011 Bond Fund 103,000 114,518 11,518 Total Revenues 1,715,000 2,384,303 669,304 Non-Cash Adjustments Investments Fair Market Value Adjustment (268,962) (268,962) RDA Loan Interest Earned, Extraordinary Gain (14,169) (14,169) Total Adjusted Revenues 2,101,172 386,173 ATTACHMENT 1 14 2 schedule. This amount is also reduced from revenues as an adjustment because it is earned, but not received until a future date. EXPENSES Housing Authority expenses by fund are summarized below and detailed in Exhibit B. Carryovers from FY 2024/25 to FY 2025/26 in the amount of $466,100 can be found on Exhibit C. HOUSING AUTHORITY FUND (241) This fund recognizes administrative expenses and housing activities for several Authority- owned properties in the La Quinta Cove and Dune Palms Mobile Estates. The Housing Authority Fund achieved total combined savings of approximately $428,000, primarily due to project timing and lower than anticipated costs at Dune Palms Mobile Estates and La Quinta rental properties. Administrative program costs were slightly above budget but represent normal operational variance. The largest savings occurred in Building/Site Improvements, where expenditures were $32,285, significantly below the budgeted $450,000, due to the timing of planned improvement projects. These efforts will continue into the next fiscal year, with $417,700 being carried over to support and advance the project. Unspent funds that are not carried forward will continue to be recognized as Restricted Fund Balance in the Housing Authority Fund to support future housing initiatives and capital improvements. As of June 30, 2025, the available balance in this fund was $11,968.979. Housing Authority Expenditures Final Budget Actual Variance Housing Authority Fund Administration 691,615 724,081 32,466 La Quinta Cove Properties 350,000 272,295 (77,705) Dune Palms Mobile Estates 950,000 567,269 (382,731) RDA Low-Mod Housing Fund 350,000 301,600 (48,400) 2011 Bond Fund 757,003 746,407 (10,596) Total Expenditures 3,098,618 2,611,652 (486,966) Capital Project Carryovers - Operational/Contractual Carryovers 466,100 Total Expenditures After Carryovers 3,098,618 3,077,752 (20,866) 15 3 LOW-MOD HOUSING FUND (243) Revenue in this fund is solely derived from Redevelopment Agency loan repayments and interest earnings. Annually loan repayments are allocated 80% to the General Fund and 20% to the Low-Mod Housing Fund. The total outstanding loan balance as of June 30, 2025 is $17,969,747; with $3,593,949 or 20% recognized in this fund as a future receivable. In FY 2024/25, a total of $301,600 was expended for homelessness programs in the greater Coachella Valley, with savings of $48,400 being carried over to FY 2025/26. As of June 30, 2025, the available balance in this fund was $5,061,863. 2011 BOND FUND (249) This fund is restricted for future housing projects. In FY 2024/25, the City appropriated funding for its share of utility relocation and undergrounding improvements associated with the vacant property at the northeast corner of Highway 111 and Dune Palms Road. The site is intended for the development of affordable housing with a connecting thoroughfare to the CV Link. As of June 30, 2025, the available balance in this fund was $2,227,242. FUND BALANCES Below is a summary of Housing Authority fund balances as of June 30, 2025. These funds are restricted for housing programs. Housing Funds Fund Balance as of 6/30/25 Housing Authority Fund (241)11,968,979 Low-Mod Housing Fund (243)5,061,863 2011 Bond Fund (249)2,227,242 TOTAL HOUSING FUNDS 19,258,084 16 2023/24 Actuals 2024/25 Original Budget 2024/25 Final Budget 2024/25 Actuals 241 - HOUSING AUTHORITY 416,365 200,000 300,000 443,240241-9101-41900 Allocated Interest 165,958 0 0 187,425241-9101-41910 GASB 31 Interest 0 1,000 1,000 0241-9101-41915 Non-Allocated Interest 526 0 0 0241-9101-42301 Miscellaneous Revenue 80,124 0 0 151,621241-9101-42706 Loan Repayments 148,869 100,000 100,000 56,003241-9101-43504 2nd Trust Deed Repayments 118,416 0 0 0241-9101-45000 Sale of Other Assets 200,000 0 0 0241-9103-43501 Miscellaneous Revenue/LQRP 351,454 350,000 350,000 328,144241-9103-43502 Rent Revenue/LQRP 791,622 800,000 800,000 849,943241-9104-42112 Rent Revenue/Tenant/Dune Palms 0 1,000 1,000 0241-9104-42302 Miscellaneous Revenue/Dune Palm s Total:2,273,334 1,452,000 1,552,000 2,016,376 243 - RDA LOW-MOD HOUSING FUND 143,666 60,000 60,000 168,213243-0000-41900 Allocated Interest 45,354 0 0 71,028243-0000-41910 GASB 31 Interest 68,161 0 0 14,169243-0000-48500 Extraordinary Gain Total:257,181 60,000 60,000 253,410 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2016) 4,616 3,000 3,000 0249-0000-41900 Allocated Interest 23,261 0 0 10,509249-0000-41910 GASB 31 Interest 86,083 15,000 100,000 99,527249-0000-41915 Non-Allocated Interest 0 0 0 4,483249-0000-42301 Miscellaneous Revenue 1,387,009 0 0 0249-0000-49500 Transfers In Total:1,500,969 18,000 103,000 114,518 HOUSING AUTHORITY REVENUE 4,031,484 1,530,000 1,715,000 2,384,303 416,365 200,000 300,000 443,240 165,958 0 0 187,425 0 1,000 1,000 0 526 0 0 0 80,124 0 0 151,621 148,869 100,000 100,000 56,003 118,416 0 0 0 200,000 0 0 0 351,454 350,000 350,000 328,144 791,622 800,000 800,000 849,943 0 1,000 1,000 0 2,273,334 1,452,000 1,552,000 2,016,376 143,666 60,000 60,000 168,213 45,354 0 0 71,028 68,161 0 0 14,169 257,181 60,000 60,000 253,410 4,616 3,000 3,000 0 23,261 0 0 10,509 86,083 15,000 100,000 99,527 0 0 0 4,483 1,387,009 0 0 0 1,500,969 18,000 103,000 114,518 4,031,484 1,530,000 1,715,000 2,384,303 CITY OF LA QUINTA HOUSING AUTHORITY FUNDS REVENUE DETAIL E;HIBIT A FY 2024/25 YEAR-END BUDGET REPORT Unaudited, final numbers will be reported in the FY 2024/25 Financial Statements 17 2023/24 Actuals 2024/25 Original Budget 2024/25 Final Budget 2024/25 Actuals 241 - HOUSING AUTHORITY 9101 - Housing Authority - Admin 50 - Salaries and Benefits 308,362 322,000 322,000 340,726241-9101-50101 Permanent Full Time 58 0 0 111241-9101-50105 Salaries - Overtime 500 1,800 1,800 600241-9101-50110 Commissions & Boards 145 200 200 144241-9101-50150 Other Compensation 27,150 31,200 31,200 30,445241-9101-50200 PERS-City Portion 4,875 3,640 3,640 9,372241-9101-50215 Other Fringe Benefits 53,229 70,000 70,000 53,791241-9101-50221 Medical Insurance 455 0 0 465241-9101-50222 Vision Insurance 2,747 0 0 2,581241-9101-50223 Dental Insurance 175 0 0 185241-9101-50224 Life Insurance 1,764 2,000 2,000 2,117241-9101-50225 Long Term Disability 13,400 13,400 12,400 12,400241-9101-50230 Workers Comp Insurance 4,479 4,800 4,800 4,951241-9101-50240 Social Security-Medicare 56 0 0 82241-9101-50241 Social Security-FICA 50 - Salaries and Benefits Totals:417,394 449,040 448,040 457,971 60 - Contract Services 75,228 75,000 105,000 103,597241-9101-60103 Professional Services 5,000 5,000 5,000 5,000241-9101-60106 Auditors 33,905 25,000 25,000 50,085241-9101-60153 Attorney 200,000 0 0 0241-9101-60157 Rental Expenses 60 - Contract Services Totals:314,133 105,000 135,000 158,682 62 - Maintenance & Operations 467 1,000 1,000 688241-9101-60320 Travel & Training 734 2,000 2,000 1,166241-9101-60420 Operating Supplies 62 - Maintenance & Operations Totals:1,201 3,000 3,000 1,854 69 - Internal Service Charges 9,300 9,300 9,300 9,300241-9101-91843 Property & Crime Insurance 18,200 18,200 18,475 18,475241-9101-91844 Earthquake Insurance 80,900 80,900 77,800 77,800241-9101-98110 Information Tech Charges 69 - Internal Service Charges Totals:108,400 108,400 105,575 105,575 9101 - Housing Authority - Admin Totals:841,128 665,440 691,615 724,081 9103 - Housing Authority - LQRP 62 - Maintenance & Operations 379,320 350,000 350,000 272,295241-9103-60157 Rental Expenses 62 - Maintenance & Operations Totals:379,320 350,000 350,000 272,295 9103 - Housing Authority - LQRP Totals:379,320 350,000 350,000 272,295 9104 - Dune Palms Mobile Estates 60 - Contract Services 116,883 100,000 100,000 115,349241-9104-60103 Professional Services 428,068 400,000 400,000 417,253241-9104-60157 Rental Expense 0 0 0 2,381241-9104-60159 Relocation/Temp Housing 60 - Contract Services Totals:544,952 500,000 500,000 534,984 68 - Capital Expenses 99,064 200,000 450,000 32,285241-9104-72110 Building/Site Improvements 68 - Capital Expenses Totals:99,064 200,000 450,000 32,285 9104 - Dune Palms Mobile Estates Totals:644,015 700,000 950,000 567,269 241 - HOUSING AUTHORITY Totals:1,864,463 1,715,440 1,991,615 1,563,645 308,362 322,000 322,000 340,726 58 0 0 111 500 1,800 1,800 600 145 200 200 144 27,150 31,200 31,200 30,445 4,875 3,640 3,640 9,372 53,229 70,000 70,000 53,791 455 0 0 465 2,747 0 0 2,581 175 0 0 185 1,764 2,000 2,000 2,117 13,400 13,400 12,400 12,400 4,479 4,800 4,800 4,951 56 0 0 82 417,394 449,040 448,040 457,971 75,228 75,000 105,000 103,597 5,000 5,000 5,000 5,000 33,905 25,000 25,000 50,085 200,000 0 0 0 314,133 105,000 135,000 158,682 467 1,000 1,000 688 734 2,000 2,000 1,166 1,201 3,000 3,000 1,854 9,300 9,300 9,300 9,300 18,200 18,200 18,475 18,475 80,900 80,900 77,800 77,800 108,400 108,400 105,575 105,575 841,128 665,440 691,615 724,081 379,320 350,000 350,000 272,295 379,320 350,000 350,000 272,295 379,320 350,000 350,000 272,295 116,883 100,000 100,000 115,349 428,068 400,000 400,000 417,253 0 0 0 2,381 544,952 500,000 500,000 534,984 99,064 200,000 450,000 32,285 99,064 200,000 450,000 32,285 644,015 700,000 950,000 567,269 1,864,463 1,715,440 1,991,615 1,563,645 CITY OF LA QUINTA HOUSING AUTHORITY FUNDS EXPENSE DETAIL E;HIBIT B FY 2024/25 YEAR-END BUDGET REPORT Unaudited, final numbers will be in the FY 2024/25 Financial Statements 18 2023/24 Actuals 2024/25 Original Budget 2024/25 Final Budget 2024/25 Actuals 243 - RDA LOW-MOD HOUSING FUND 0000 - Undesignated 64 - Other Expenses 250,000 250,000 350,000 301,600243-0000-60532 Homelessness Assistance 64 - Other Expenses Totals:250,000 250,000 350,000 301,600 0000 - Undesignated Totals:250,000 250,000 350,000 301,600 243 - RDA LOW-MOD HOUSING FUND Totals:250,000 250,000 350,000 301,600 250,000 250,000 350,000 301,600 250,000 250,000 350,000 301,600 250,000 250,000 350,000 301,600 250,000 250,000 350,000 301,600 CITY OF LA QUINTA HOUSING AUTHORITY FUNDS EXPENSE DETAIL Unaudited, final numbers will be in the FY 2024/25 Financial Statements 19 EXHIBIT B FY 2024/25 YEAR-END BUDGET REPORT 2023/24 Actuals 2024/25 Original Budget 2024/25 Final Budget 2024/25 Actuals 249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2 016) 0000 - Undesignated 68 - Capital Expenses 3,587,121 0 0 0249-0000-74010 Land Acquisition 900 250,000 757,003 746,407249-0000-80050 Affordable Housing Project Developmen t 68 - Capital Expenses Totals:3,588,021 250,000 757,003 746,407 0000 - Undesignated Totals:3,588,021 250,000 757,003 746,407249 - SA 201 1 LOW/MOD BOND FUND (Refinanced in 2016) Totals:3,588,021 250,000 757,003 746,407 3,587,121 0 0 0 900 250,000 757,003 746,407 3,588,021 250,000 757,003 746,407 3,588,021 250,000 757,003 746,407 3,588,021 250,000 757,003 746,407 CITY OF LA QUINTA HOUSING AUTHORITY FUNDS EXPENSE DETAIL Unaudited, final numbers will be in the FY 2024/25 Financial Statements 20 EXHIBIT B FY 2024/25 YEAR-END BUDGET REPORT Vendor/Program Account Number Description Estimated Revised Dune Palms Mobile Estates improvements 241-9104-72110 Building/Site Improvements 430,000 417,700$ Homelessness assistance 243-0000-60532 Homelessness Assistance 49,200 48,400$ $ 479,200 $ 466,100 Revised Continuing Appropriations/Carryovers from 2024/25 to 2025/26 TOTAL AUTHORITY CARRYOVERS NOTE: In June 2025, when the budget was adopted, all carryovers were estimated based on projected invoices through the end of fiscal year 2024/25. Following the completion of the final audit, Finance has verified account balances and provided additional carryover recommendations aligned with current budgetary needs. Under no circumstances shall a carryover exceed the revised per-account amount specified above. CITY OF LA QUINTA HOUSING AUTHORITY FUNDS CARRYOVER SUMMARY EXHIBIT C FY 2024/25 YEAR-END BUDGET REPORT 21 22 City of La Quinta HOUSING AUTHORITY QUARTERLY MEETING DEPARTMENTAL REPORT TO: Madam Chair and Members of the Housing Authority FROM: Gilbert Villalpando, Director of Business Unit & Housing DATE: January 20, 2026 SUBJECT: WATERCOLORS SENIOR AFFORDABLE HOUSING DEVELOPMENT: PROGRAM STRUCTURE AND OPERATIONS OVERVIEW This department report marks the 20th anniversary of the Watercolors Senior Affordable Housing Development, which has provided long-term, income-restricted homeownership opportunities for qualified seniors since its establishment in 2006. In recognition of this milestone, staff is providing an update and overview of the Watercolors affordability program, including its structure, operations, and the Housing Authority’s (Authority) ongoing role in preserving affordability for current and future residents. Watercolors is a 149-unit, income-restricted 55+ single-family home development structured around an affordable “silent second” housing program and reflects the Authority’s long-standing commitment to senior affordable housing. By combining private development with public affordability protections, the program supports stable homeownership opportunities for qualified seniors while maintaining long-term community affordability. ROLES AND RESPONSIBILITIES AT WATERCOLORS At Watercolors, a “silent second” means the Authority holds a silent second deed of trust to keep the home affordable, at amounts ranging between $48,000 - $103,000. The silent second deed of trust is forgiven at the end of the 45-year term. In the event of a violation of affordability covenants, the silent second has the mechanisms in place to recapture the Authority’s interest in the property. Homeowners Association (HOA) dues are generally used for operating costs and reserves to maintain common areas and building systems. Housing Authority’s role in a silent second The Authority: o Provides down-payment or purchase assistance as a subordinate “silent second” loan recorded against the property. o Defers payments until a trigger event such as sale, transfer, refinance, or default under the affordability covenants. o Records an affordable housing deed restriction that controls resale price, income eligibility of future buyers, and owner-occupancy, for 45 years at Watercolors. DEPARTMENTAL REPORT ITEM NO. 1 23 Eligibility and ongoing compliance (recertification) at Watercolors are restricted to qualified senior households at low and moderate income levels. Watercolors monthly HOA dues HOA dues are set by the HOA board and are used for: o Day-to-day operating expenses for common areas such as landscaping, janitorial, utilities for common spaces, insurance, and small repairs. o Contributions to reserves for long-term repair or replacement of major components such as roofs, exterior paint, paving, elevators, and building systems. o Dues are not used to pay individual owners’ mortgages or any Authority silent second obligations. o Can fund compliance items tied to the project (for example, periodic reserve studies or inspections). HOA Board vs Management Company In California, the HOA is a nonprofit corporation run by an elected board; the management company is a contractor hired to help operate the association. HOA Board Role: The board has legal authority and ultimate responsibility. Governance and rules: o Enforces CC&Rs and other “Governing Documents” as defined in the CC&Rs, which include rules and architectural standards; approves policies and enforcement actions. Money and dues: o Adopts the annual budget, sets the monthly dues, and decides how funds are allocated between operations and reserves. Maintenance: o Decides what work is done on common areas, approves contracts, and ensures reserve studies and long-term maintenance planning are in place. Management Company Role: The management company executes the board policy and handles all day-to-day administration. Duties Include: o Collects dues, pays association bills, keeps the books, and prepares draft budgets for board review. o Coordinates vendors and maintenance work once approved by the board; tracks work orders and routine repairs. o Communicates with owners, sends notices, and helps implement enforcement actions that the board authorizes. 24 Function HOA Board (Watercolors) Management Company (Hired by HOA Board) La Quinta Housing Authority (Silent Second Program) Legal Authority Governs the association under CC&Rs and other Governing Documents; sets community policies and owes a fiduciary duty to all owners. Runs daily operations under the board’s contract and directions. Holds the silent-second trust deed and program documents; has the right to enforce affordability covenants and program rules. Affordability Rules Must not approve rules that conflict with income, age (55+), owner-occupancy, state- mandated permissible residents (such as permitted health care resident), or no-rental requirements. Works with the Board to enforce these rules, but does not decide who qualifies. Follows state legal requirements for senior citizen affordable housing developments, which set eligibility requirements (age 55+ and permissible residents, moderate- or low-income households), primary-residence requirement, no-rental and no-cash-purchase rules. Budget & HOA Dues Approves the budget and monthly HOA dues covering common area costs, cable, internet, etc. Prepares budgets, collects dues, pays vendors and utilities per board direction. Follows state legal requirements, which limit total homeowner “housing cost” (mortgage, taxes, insurance, utilities, HOA dues) to a % of income and may charge monitoring fees. Rules & Enforcement Enforces CC&Rs and other Governing Documents (which cover, for example, parking, use of amenities, maintenance of property) and issues fines/violations. Sends notices, tracks violations, coordinates hearings as instructed. Enforces program violations such as ineligible buyers, over-income, renting out units, or unauthorized transfers. Maintenance Decisions Decides scope and timing of repairs to pool, clubhouse, landscaping, gates, etc., and approves contracts. Obtains bids for contracts, schedules, and supervises routine work and vendors. Does not run routine maintenance, but can require properties be kept in good condition consistent with affordable-housing and health/safety standards. [NOTE: this authority is separate from the City’s Code Enforcement authority] Sale / Resale Applies HOA transfer rules (documents, transfer fees, orientation, compliance with no-rental rules). Processes HOA disclosure packages and estoppels for escrows. Approves buyers, calculates total price and silent-second amount, and handles transfer to qualified buyer at resale. On December 24, 2025, the City and Authority Members received a letter from the Watercolors HOA expressing concerns regarding enforcement and policy matters within the community. Since then, Housing staff have been working closely with the Authority 25 Counsel and Housing Consultant to put together a thorough response that will detail process and individual responsibilities as detailed below. The collaborative framework addresses three primary areas of concern: Property Maintenance Issues Common area upkeep, infrastructure maintenance, and code compliance fall under HOA and property management company's responsibility. When code violations occur, the property management company must follow established City Building Department reporting protocols with proper documentation. The Authority's role is limited to ensuring the community maintains standards that support overall program compliance. Age Restriction / Occupancy and Owner-Occupancy Violations The management company serves as the first point of contact for violation reports, conducting initial due diligence to verify complaint validity. Upon confirming potential violations, the property management company escalates matters to the Authority for official determination of compliance status and direction on enforcement actions. Annual Recertification Process Following Authority distribution of recertification notices and expiration of response deadlines, non-compliant homeowners are identified to both the HOA Board and property management company. The HOA assists in homeowner outreach and response collection, while the Authority conducts formal follow-up through official correspondence. 26