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1993 12 21 RDA Minutes LA QUINTA REDEVELOPMENT AGENCY MINUTES DECEMBER 21.1993 Regular meeting of the La Quinta Redevelopment Agency was called to order hv Chairman Pena. PRESENT: Board Members Bangerter. McCartney, Perkins. Sniff. Chairman Pena ABSENT: None CONFIRMATION OF AGENDA Confirmed APPROVAL OF MINUTES MOTION It was moved by Board Members Bangerter/Sniff that the Minutes?s of December 7. 1993 be approved as submitted. Motion carried unanimously. PUBLIC COMMENT None BUSINESS SESSION 1. CONSIDERATION OF RESOLUTION APPROVING THE PURCHASE OF CERTAIN REAL PROPERTY PURSUANT TO A PURCHASE ND SALE AGREEMENT BY ND BET?BETWEEN LANDMARK LAND COMPANY OF CALIFORNIA. INC. AND THE LA?QUINTA REDEVELOPMENT AGENCY. Mr. Genovese, Ass't. Executive Director, advised that the Redevelopment Agency has completed negotiations with Landmark Land Co. of California and the Resolution Trust Corporation regarding the 36-acre site north of Calle Tampico. The proposed acquisition is intended to facilitate development of a single-family housing project. a senior-housing project and construction of an elementary school for Desert Sands Unified School District. Acquisition of the site will require approximately $1.4 million in housing funds. which is available. RESOLUTION NO. RA 93-13 A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY, APPROVING THE PURCHASE OF CERTAIN REAL PROPERTY PURSUANT TO A PURCHASE AND SALE AGREEMENT BY AND BET?BETWEEN LANDMARK LAND COMPANY OF CALIFORNIA, INC. AND THE LA QUINTA REDEVELOPMENT AGENCY. BIB] 07-18-1996-U01 07:44:26AM-U01 RDAMIN-U02 12-U02 21-U02 1993-U02 ed?Redevelopment Agency Minutes Dec?December 21. 1993 It was moved by Board Members McCartney/Bangerter that Resolution No. RA 93-13 he adopted. Motion carried unanimously. MOTION t was moved by Board Members Sniff/Perkins that the A?Agency Board approve the letter agreement for professional service cost reimbursement Motion carried unanimously. 2. CONSIDERATION OF APPROVING AN OWNER-PARTICIPATION AGREEMENT BY ND BET?BETWEEN TIlE LA QUINTA REDEVELOPMENT AGENCY AND KOENIG COMPANIES MAKING CERTAIN FINDINGS TN CONNECTION THEREWITH. Mr. Genovese Asst. Executive Director, advised that the Koenig Companies have proposed development of an 86.000 sq. ft. neighborhood commercial center on a 9.2-acre site located on the northwest corner of Washington Street and Calle Tampico. In order to facilitate the development. the Developer is seeking Agency assistance. Approval of the proposed agreement will relieve the Developer of the responsibility to reimburse the City/Agency for the approximately $25,000 cost for the signal?nal reimbursement at Washington Street and Calle Tampico and the Agency will be responsible for the remaining signals when such signals are needed. Board Member Perkins believed that the City/Agency is getting to a point where they are going out of their way to pay tor things the Developers should be paying tor and felt that we need to be tightening our helt. Board Member Sniff shared that concern. commenting that the City has given to this particular Developer in the past and he has not performed. Every effort has been made to be cooperative. le felt that there?s a limit to how much the City can continue to give. Chairman Pena noted that while he City has made otJers to his Developer in the past. nothing has been given to him. Mr. Genovese noted that there are development-milestone requirements in order to obtain the financial assistance. In response to Board Member Bangerter. Mr. Genovese advised that the prior agreement for financial assistance for this project was about $575.000. In response to Board Member Perkins. Mr. Genovese clarified that the 25.000 is for the signal already installed and the Developer will not be required share in the cost of the other two signals for a total contribution of about $125,000. BIB] 07-18-1996-U01 07:44:26AM-U01 RDAMIN-U02 12-U02 21-U02 1993-U02 Redevelopment Agency Minutes 3 December 21.1993 Chairman Pena felt that the Board needs to look at the financial incentives we need to provide for someone trying to establish commercial projects in the downtown area. noting that it's going to have a spin-off effect by bringing in other development as well as providing? the residents with additional commercial shopping in the Cove. Board Member Sniff questioned what the time-frames are and what constitutes compliance. Mr. Hunt. Executive Director. advised that the Developer must commence construction by April 1, 1995 and he has to complete construction by April 1. 1996 and he has to obtain a Certificate of Occupancy. Board Member Sniff stated that he would support the proposal with the time-frames imposed. Mr. Spevacek. Consultant, advised that this project will generate about $40,000 per year in sales tax and an additional $40,000 per year in tax increments for a total of $80,000 being generated by this project. RESOLUTION NO. RA 93-14 A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY APPROVING THE OWNER-PARTICIPATION AGREEMENT BY AND BE?BETWEEN THE LA QUINTA REDEVELOPMENT AGENCY AND KOENIG COMPANIES MAKING CERTAIN FINDINGS IN CONNECTION THEREWITH. l? was moved by Board Members McCartney?Bangerter that Resolution No. RA 93-14 be adopted. Motion carried unanimously. 3. CONSIDERATION OF RESOLUTION AUTHORIZING EXECUTION OF AN AGREEMENT BY AND BETWEEN THE LA QUINTA REDEVELOPMENT AGENCY AND THE DESERT SANDS UNIFIED SCHOOL DISTRICT AND MAKING CERTAIN FINDINGS LA QUINTA REDEVELOPMENT PROJECT, AS PROPOSED TO BE AMENDED). Mr. Genovese. Ass't. Executive Director. referred to the staff report submitted. BIB] 07-18-1996-U01 07:44:26AM-U01 RDAMIN-U02 12-U02 21-U02 1993-U02 Redevelopment AL?Agency MInutes 4 December 21. 1993 RESOLUTION NO. I? 93-15 A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY AUTHORIZING EXECUTION OF AN AGREEMENT BY AND BET?EN THE LA QUINTA REDEVELOPMENT AGENCY AND THE DESERT SANDS UNIFIED SCHOOL DISTRICT AND MAKING CERTAIN FINDINGS LA QUINTA REDEVELOPMENT PROJECT, AS PROPOSED TO BE AMENDED) t was moved by Board Members Mccartney/Bangerter that Resolution No, RA 93-15 be adopted. Motion carried unanimously. 4. CONSIDERATION OF RESOLUTION AUTHORIZING EXECUTION OF AN AGREEMENT BY AND BETWEEN THE LA QUINTA REDEVELOPMENT AGENCY AND THE DESERT COMMUNITY COLLEGE DISTRICT AND MAKING CERTAIN FINDINGS LA QUINTA REDEVELOPMENT PROJECT. AS PROPOSED TO BE AMENDED). Mr. Genovese. Ass't. Executive Director. referred to the staff report submitted. RESOLUTION NO. RA 93-16 A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY AUTHORIZING EXECUTION OF AN AGREEMENT BY AND BETWEEN THE LA QUINTA REDEVELOPMENT AGENCY AND THE DESERT CON COMMUNITY COLLEGE DISTRICT LA QUINTA REDEVELOPMENT PROJECT. AS PROPOSED TO BE AMENDED). It was moved by Board Members Bangerter/Mccartney that Resolution No. RA 93-16 be adopted. Motion carried unanimously. CONSIDERATION OF AMENDMENT TO REDEVELOPMENT AGENCY BYLAWS. Mr. Genovese. Ass'?. Executive Director. advised that the proposal is for adoption of protocol in the absence of the Chair and \Vice Chair in which the same protocol as the City Council would be used. in that the senior member would act as presiding? officer and in the event there are two senior members with equal seniority, the member who received the highest number ot' votes in the general municipal election would be the presiding officer. He also noted that the report contains a proposal submitted by Board Member Perkins on December 7.1993 for the Agency Board Chair and Vice Chair to be different BIB] 07-18-1996-U01 07:44:26AM-U01 RDAMIN-U02 12-U02 21-U02 1993-U02 Redevelopment Agency Minutes December 21. 1993 individuals than the Mayor and the Mayor Pro Tern. Chairman Pena stated that he was opposed to rotation of the officers. MOTION L was moved by Board Members Mccartney/Perkins to direct staff to proceed with the amendment of the Redevelopment Bylaws as follows. complete housekeeping' items as indicated and 2) amend Section 2.11 as indicated in the staff report and 3) make any necessary changes required pursuant to Agency action regarding Council Member Perkins' memorandum. Mayor Pena questioned when this re-organization would take effect and the Board concurred as soon as the changes are adopted and then annually beginning November 1994. Motion carried with Chairman Pena voting NO. CONSENT CALENDAR APPROVAL OF DEMAND REGISTeR DATeD DECEMBER 21.1993. 2. RECEIVE AND FILE THE ANNUAL AUDIT REPORT FOR THE LA QUINTA REDEVELOPMENT AGENCY AND APPROVAL TO PREPARE THE STATE CONTROLLERS REPORT AND TRANSMIT TO THE STATE. 3. CONSIDERATION OF RESOLUTION AUTHORIZING A LOAN FROM THE LOW AND MODERATE INCOME HOUSING FUND TO PAY THE STATe MANDATED AMOUNT TO THE EDUCATIONAL REVENUE AUGMENTATION FUND. 4. CONSIDERATION OF RESOLUTION DETeRMINING THAT THE USE OF CERTAIN REAL PROPERTY LANDMARK LAND COMPANY) FOR PUBLIC IMPROVEMENTS IS OF PUBLIC BENEFIT TO THE REDEVELOPMENT PROJECT AND THE IMMEDIATE NEIGHBORHOOD LN WHICH THE PROJECT IS LOCATED AND DETERMINING THAT THERE ARE NO OTHER REASONABLE MEANS OF FINANCING SAID PUBLIC IMPROVEMENTS. MOTION It was moved by Board Members Bangerter/Sniff that the Consent Calendar be approved as recommended with Item Nos. 3 & 4 bein? approved by RESOLUTION NO. RA 93-17 AND RA 93-18.. Motion carried unanimously. BIB] 07-18-1996-U01 07:44:26AM-U01 RDAMIN-U02 12-U02 21-U02 1993-U02 Redevelopment Agency Minutes 6 December 21, 1993 DEPARTMENT REPORTS None CHAIR AND BOARD MEMBERS' ITEMS None PUBLIC HEARINGS None CLOSED SESSION I. Discussion of negotiations pursuant to Government Code Section 54956.8 a. Midland I?Properties Proposal for commercial development at the approximate corner of Jefferson and Highway 111 b. Fiscal Agreement by and between the La Quinta Redevelopment Agency and Desert Sands Unified School District. c. Discussion of on-going litigation pursuant to Government Code Section 54956.9(a) Riverside County interpleader action Case no.23499 The Board reconvened with no action being taken. There being no further business the meeting was adjourned. AUNDRA L. OLA, Secretary La Quinta Redevelopment Agency BIB] 07-18-1996-U01 07:44:26AM-U01 RDAMIN-U02 12-U02 21-U02 1993-U02