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2000 11 21 RDA Minutes LA QUINTA REDEVELOPMENT AGENCY MINUTES NOVEMBER 21, 2000 A regular meeting of the La Quinta Redevelopment Agency was called to order by Chairperson Henderson. PRESENT: Board Members Adolph, Pe~a, Perkins, Sniff, Chairperson Henderson ABSENT: None PUBLIC COMMENT - None CLOSED SESSION 1. Conference with Agency's real property negotiator, Mark Weiss, pursuant to Government Code Section 54956.8 concerning potential terms and conditions of acquisition and/or disposition of real property located at the southeast corner of Washington Street and Miles Avenue. Property Owner/Agent: Realscope. 2. Conference with Agency's real property negotiator, Mark Weiss, pursuant to Government Code Section 54956.8 concerning potential terms and conditions of acquisition and/or disposition of real property located generally north of Avenue 52 at Jefferson Street. Property Owner/Negotiator: KSL 3. Conference with Agency's real property negotiator, Jerry Herman, pursuant to Government Code Section 54956.8 concerning potential terms and conditions of acquisition and/or disposition of real property located at the southeast corner of Calle Tampico and Eisenhower Drive. Property Owner/Agent: Rael Development Corporation The Agency recessed to Closed Session to and until the hour of 3:00 pm. 3:00 P.M. PUBLIC COMMENT - None CONFIRMATION OF AGENDA - Confirmed Redevelopment Agency Minutes 2 November 21, 2000 APPROVAL OF MINUTES MOTION - It was moved by Board Members Perkins/Adolph to approve the Minutes of November 7, 2000, as submitted. Motion carried unanimously. CONSENT CALENDAR 1. APPROVAL OF DEMAND REGISTER DATED NOVEMBER 21, 2000 2. TRANSMITTAL OF TREASURER'S REPORT AS OF SEPTEMBER 30, 2000. 3. TRANSMITTAL OF REVENUE & EXPENDITURES REPORT DATED SEPTEMBER 30, 2000, AND INVESTMENT SUMMARY FOR THE QUARTER ENDING SEPTEMBER 30; 2000. 4. APPROVAL OF A REALLOCATION OF BUDGETED HOUSING FUNDS FROM REDEVELOPMENT PROJECT AREA NO. 2 TO REDEVELOPMENT PROJECT AREA NO. 1 FOR THE LA QUINTA HOUSING PROGRAM SECOND TRUST DEED PROGRAM. MOTION - It was moved by Board Members Sniff/Perkins to approve the Consent Calendar as recommended. Motion carried unanimously. BUSINESS SESSION 1. CONSIDERATION OF THE COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2000. There were no changes to the staff report as submitted and on file in the City Clerk's Office. MOTION - It was moved by Board Members Sniff/Adolph to approve, receive and file the Comprehensive Annual Financial Report for the Year Ended June 30, 2000. Motion carried unanimously. STUDY SESSION - None DEPARTMENT REPORTS - None Redevelopment Agency Minutes 3 November 21, 2000 CHAIR AND BOARD MEMBERS' ITEMS - None The Redevelopment Agency recessed to Closed Session as delineated on Page I to and until 7:00 p.m. 7:00 P. M. PUBLIC COMMENT - None PUBLIC HEARINGS JOINT PUBLIC HEARING WITH THE LA QUINTA CITY COUNCIL 1. JOINT PUBLIC HEARING WITH THE CITY OF LA QUINTA AND THE LA QUINTA REDEVELOPMENT AGENCY TO CONSIDER AN AFFORDABLE HOUSING AGREEMENT BETWEEN THE AGENCY AND D.C. & T.C., LLC FOR PROPERTY LOCATED NORTHWEST OF THE INTERSECTION OF JEFFERSON STREET AND AVENUE 48. The Chairperson declared the PUBLIC HEARING OPEN at 10:18 p.m. Community Development Director Herman presented the staff report. Frank Spevacek, consultant with RSG, advised an agreement had been reached to add additional language in the agreement regarding the City's ability to secure payment if damages occur through non-performance by the developer. Hal Lynch, 101 Shipyard Way, Newport Beach, representing RGC, reviewed the current status of the project and advised since they opened for reservations they have sold 20 of 25 affordable housing units and 12 of 34 market rate units. He added full construction will begin in approximately one month. There being no requests to speak, the Chairperson declared the PUBLIC HEARING CLOSED at 10:28 p.m. Redevelopment Agency Minutes 4 November 21, 2000 RESOLUTION NO. RA 2000-14 A RESOI.UTION OF THE REDEVEI. OPMENT AGENCY OF THE CITY OF I.A QUINTA, CAI.IFORNIA, APPROVING AN AFFORDABLE HOUSING AGREEMENT BY AND BETWEEN THE AGENCY AND D.C. & T.C., LLC A CALIFORNIA LIMITED LIABILITY COMPANY FOR THE DEVELOPMENT OF AN AFFORDABI.E SENIOR APARTMENT COMPLEX ON A SITE WITHIN REDEVELOPMENT PROJECT AREA NO. 2. It was moved by Board Members Sniff/Adolph to adopt Resolution No. RA 2000-14 as amended (with modified language to allow the City to secure payment if damages occur through non-performance by the developer). Motion carried unanimously. The Agency recessed to Closed Session as delineated on Page 1. The Agency meeting reconvened with no decisions being made in Closed Session which require reporting pursuant to Section 54957.1 of the Government Code (Brown Act). ADJOURNMENT There being no further business the meeting was adjourned. Respectfully submitted, JUNE S. GREEK, Agency Secretary La Quinta Redevelopment Agency