1995 07 18 RDA Minutes LA QUINTA REDEVELOPMENT AGENCY
MINUTES
July 18, 1995
Regular meeting of the La Quinta Redevelopment Agency was called to order by Chairman
Sniff.
PRESENT: Board Members Bangerter, Cathcart, Pena, Perkins, Chairman Sniff
ABSENT: None
CONFIRMATION OF AGENDA Confirmed
APPROVAL OF MINUTES
MOTION It was moved by Board Members Bangerter/Cathcart to approve Minutes of June
22 and July 5, 1995 as submitted. Motion carried unanimously.
PUBLIC COMMENT None
BUSINESS SESSION
1. CONSIDERATION OF ADOPTING RESOLUTION APPROVING THE FISCAL
YEAR 1995196 BUDGET.
RESOLUTION NO. RA 95-12
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY
APPROVING A BUDGET FOR FISCAL YEAR 1995/96.
It was moved by Board Members Perkins/Cathcart to adopt Resolution RA 95-12 as
submitted. Motion carried unanimously.
CONSENT CALENDAR
I. APPROVAL OF DEMAND REGISTER DATED JULY 18,1995.
MOTION It was moved by Board Members Cathcart/Bangerter that the Consent
Calendar be approved as recommended. Motion carried unanimously
DEPARTMENT REPORTS None
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Redevelopment Agency Minutes 2 July 18,1995
ChAIR AND BOARD MEMBERS' ITEMS None
JOINT PUBLIC HEARING WITH THE LA OUINTA CITY COUNCIL
1. RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY
APPROVING AN AMENDMENT TO THE BOYS & GIRLS CLUB BUILDING
HORIZONS DISPOSITION AND DEVELOPMENT AGREEMENT BY AND
BETWEEN THE BOYS & GIRLS CLUB AND THE LA QUINTA
REDEVELOPMENT AGENCY.
Board Member Bangerter abstained due to a conflict of interest and left the dais.
Mr. Herman, Community Development Director, advised that the amendment provides
for a reduction in the down payment from 10% to 3%, it increases the Agency's funding
for the Second Trust Deed loan from $12,000 to $20,000 per unit, and it allows
flexibility for the billing of expenses to be reimbursed, provided the total allocation for
reimbursement does not exceed $85,000 per unit.
In response to Board Member Cathcart, Ms. Honeywell, Agency Counsel, advised that
the allowance is for a 3% down payment, but they may place more down if they wish.
Board Member Perkins suggested that it be reworded to read reduce the down
payment to a minimum of 3%."
Agency concurred.
Board Member Cathcart suggested that the wording regarding the funding for the Second
Trust Deed loan read not more than $20,000 per unit."
Agency concurred.
The Chairman declared the PUBLIC HEARING OPEN. There being no one wishing
to speak, the Chairman declared the PUBLIC HEARING CLOSED.
RESOLUTION NO. RA 95-13
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY,
APPROVING A FIRST AMENDMENT TO DISPOSITION AND DEVELOPMENT
AGREEMENT BY AND BETWEEN THE LA QUINTA REDEVELOPMENT
AGENCY AND BUILDING HORIZONS.
It was moved by 3Board Members Perk ins/Cathcart to adopt Resolution RA 95-13 as
amended. Motion carried with Board Member Bangerter ABSENT.
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Redevelopment Agency Minutes 3 July 18, 995
Agency recessed to Financing Authority.
Agency reconvened and recessed to Closed Session.
CLOSED SESSION
1. Conference with real property negotiator concerning 50 individual residential
properties located generally in the Cove, specifically identified in the Agreement with
Coachella Valley Land; Negotiator: Byron Radakker; instructing the negotiator
concerning price and terms of payment for acquisition of properties pursuant to
Government Code Section 54956.8
2. Conference with real property negotiator Mr. Randall Wright pursuant to
Government Code Section 54956.8 instructing the negotiator concerning concept,
terms, and site planning for property located at the southeast corner of Miles
Avenue and Washington Street.
Agency Board reconvened with no decision being made which requires reporting pursuant
to Section 54957.1 of the Government Code Brown Act).
There being no further business, the meeting was adjourned.
sauNDRA L. JUhola OLA, Secretary
La Quinta Redevelopment Agency
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