1995 10 17 RDA Minutes LA QUINTA REDEVELOPMENT AGENCY
MINUTES
October 17, 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 Pena/Cathcart to approve the Minutes of October
3, 1995 as submitted. Motion carried unanimously.
None
BUSINESS SESSION
1. TRANSMITTAL OF TREASURER'S REPORT DATED AUGUST 31, 1995.
MOTION It was moved by Board Members Bangerter/Cathcart to receive and file the
Treasurer's Report dated August31, 1995 and make this item part of the Consent Calendar
on future agendas. Motion carried unanimously.
CONSENT CALENDAR
1. APPROVAL OF DEMAND REGISTER DATED OCTOBER 17, 1995.
2. ADOPTION OF RESOLUTION AUTHORIZING THE transfer OF PROPERTY
LOCATED AT THE NORTH EAST CORNER OF AVENUE 48 AND JEFFERSON
STREET FROM THE REDEVELOPMENT AGENCY PROJECT AREA NO.2
FUND TO REDEVELOPMENT AGENCY PROJECT NO.2 LOW-MOD FNND
MOTION It was moved by Board Members Bangerter?Cathcart that the Consent
Calendar be approved as recommended with Item No.2 being approved by Resolution No
95-15. Motion carried unanimously.
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Redevelopment Agency Minutes 2 October 17, 1995
TRANSMITTAL OF REVENUE AND EXPENDITURES REPORT DATED
AUGUST 31, 1995.
MOTION It was moved by Board Members Bangerter/Cathcart to receive and file the
Revenue and Expenditures Report dated August 31, 1995. Motion carried unanimously.
CHAIR AND BOARD MEMBERS' ITEMS None
JOINT PUBLIC HEARINGS BETWEEN THE LA OUINTA REDEVELOPMENT AGENCY
BOARD AND THE LA OUINTA CITY COUNCIL
AMENDMENT TO THE DISPOSITION AND DEVELOPMENT AGREEMENT
DDA) BETWEEN THE LA QUINTA REDEVELOPMENT AGENCY AND THE
BOYS AND GIRLS CLUB OF COACHELLA VALLEY/BUILDING HORIZONS
PROGRAM.
Board Member Bangerter abstained due to a conflict of interest and left the dais.
Mr. Herman, Community Development Director, advised that the Second Amendment to
the DDA provides for the Agency to be reimbursed a maximum of $150,000 for the
Agency?s financial assistance for this project. The changes in the DDA will permit the
sale of the residential units to low and moderate-income households, eliminate the 3%
down-payment requirement, and increase the Second Trust Deed loan amounts from
$20,000 to $30,000 per unit.
The Chairman declared the PUBLIC HEARING OPEN. There being no one wishing to
speak, the Chairman declared the PUBLIC HEARING CLOSED.
RESOLUTION NO. RA 95-16
A RESOLUTION OF THE LA QU[NTA REDEVELOPMENT AGENCY
APPROVING A SECOND AMENDMENT TO DISPOSITION AND
DEVELOPMENT AGREEMENT BY AND BETWEEN THE LA QUINTA
REDEVELOPMENT AGENCY AND BUILDING HORIZONS.
It was moved by Board Members Pena/Cathcart to adopt Resolution RA No.95-16 as
submitted. Motion carried unanimously with Board Member Bangerter?ABSENT.
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Redevelopment Agency Minutes 3 October 17, 1995
2. DISPOSITION AND DEVELOPMENT AGREEMENT DDA) BETWEEN THE
CITY OF LA QUINTA AND DESERT SANDS unified SCHOOL DISTRICT FOR
THE SALE OF APPROXIMATELY 25 ACRES AT THE NORTHEAST CORNER
OF AVENUE 48 AND DUNE PALMS ROAD.
Mr. Herman, Community Development Director, advised that the purpose of the DDA
between the Desert Sands Unified School District and the Redevelopment Agency is for
the sale of property located at the northeast corner of Avenue 48 and Dune Palms Road.
The DDA provides for the Agency to sell the 25.89 gross acres to the District at a cash
price of $1.2 million, the District to construct improvements to Dune Palms Road from
the future alignment of Avenue 48 north to Highway 111, and the Agency will assist in
construction of improvements to Avenue 48 from Adams Street to Jefferson Street. It also
provides for an Implementation Agreement that will result in the disbursement of the
District?s percentage share of tax increment per year for the next 35 years.
The Chairman declared the PUBLIC HEARING OPEN. There being no one wishing to
speak, the Chairman declared the PUBLIC HEARING CLOSED.
RESOLUTION NO.95-17
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY
APPROVING A DISPOSITION AND DEVELOPMENT AGREEMENT BY AND
BETWEEN THE AGENCY, DESERT SANDS UNIFIED SCHOOL DISTRICT, AND
THE DESERT SANDS SCHOOL BUILDING CORPORATION.
It was moved by Board Members Cathcart/Pena to adopt Resolution No. 95-17 as
submitted. Motion carried unanimously.
CLOSED SESSION None
There being no flirther business, it was moved by Board Members Cathcart/Bangerter to adjourn.
Motion carried unanimously.
R?ctfull?jubm;;ed?,
NDRALW?UHO?cretary
La Quinta Redevelopment Agency
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