1993 12 07 RDA Minutes LA QUINTA REDEVELOPMENT AGENCY
MINI?S
DECEMBER 7, 1993
Regular meeting of the La Quinta Redevelopment Agency was called to order by Chairman
Pena.
PRESENT: Board Members Bangerter, McCartney, Perkins, Sniff, Chairman Pena
ABSENT None
CONFIRMATION OF AGENDA Confirmed
APPROVAL OF MINUTES
It was moved by Board Members Bangerter/Sniff that the Minutes of November 16, 1993 be
approved as submitted Motion carried unanimously.
PUBLIC COMMENT None
BUSINESS SESSION
1. FIRST QUARTeR BUDGET REPORT.
Board Member Bangerter and Chairman Pena abstained due to conflicts of interest and
left the dais.
Mr. O'Reilly, Finance Director, advised that a recommendation of staff regarding Phase
V Cove Improvement Project was included in the original report submitted to the Board
on November 2.1993. However, based on a re-analysis on the means of financing the
balance of the project, should the Board wish to proceed with the balance of Phase V,
staff recommends that they be directed to secure a commercial bank loan agreement for
Board's approval in the amount $1.8 million.
Board Member McCartney asked if completion of Phase V at a cost of $1 million be
feasible from a budgetary standpoint and Mr. Hunt, Executive Director, advised that
based on current information, staff believes that it is.
Board Member McCartney noted that there has been a concern expressed regarding the
logistics of the work being done and he asked if we would be able to work with the
existing contractor to make sure the current work is not disturbed and Mr. Hunt,
Executive Director, believed that all of the logistical issues can be worked out with the
contractor with minimal, if any, disruption to the project.
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Redevelopment Agency Minutes 2 December 7, 1993
Robert Goodwin. 51-570 Alvarado. advised that he is a new homeowner in La Quinta
and advised that when he purchased his home he was told by the realtors that they would
be geuing Streets. curbs and gutters. He felt that they are now being treated like second-
class citizens and they want equal treatment.
Katherine Jones. 51-300 Vallejo, advised that she purchased her home about 4 years and
like Mr. Goodwin, the realtors and the City told them they would be getting new streets.
Engineers whom she has talked to say that the work should have started at the lower end
of the Cove.
Robbie Stanford, 51-863 Obregon, said that she and others) have worked diligently to
get permanent streets, curbs and gutters for all of Phase V. In doing so, she's worked
with the Council and staff and has had positive cooperation. She advised that more than
1,100 people signed the petition requesting full improvements. She then submitted three
letters and additional petitions.
Donna Del Re, stated that she supported Board Member McCartney's proposal to secure
a bank loan to complete the improvements in Phase V. They feel that the expense of
temporary Streets and the inconvenience of having the streets torn up twice doesn't make
sense. She felt that the Council should listen to the residents. She also commented that
funds that should have been used for Phase V were used in Phase IV in areas that were
originally scheduled for Phase VI. She stated that the people are supportive of the
proposal for a loan and submitted additional petitions to that effect.
Steve Robbins, 78-365 Via Calente. advised that he served on the City's investment
Policy Task Force Committee. He just recently heard of the proposal to secure a loan
to complete Phase V improvements and believed that this kind of debt benefits a few
people in the Cove and ultimately, the entire City is responsible for the debt. He felt
that in these financially-unsure times, that it's irresponsible to take on a debt of this size
for the benefit of a very small portion of the City.
Michael Head, 77-625 Calle Hidalgo, believed that the Council should be eager to
complete Phase V, otherwise we will end up with temporary streets that will turn to
washboards and mud. Regarding the comments made by the previous speaker, he stated
that they are a small part of La Quinta, but they have helped foot the bill for other areas
of the City and felt that they should get their fair share.
Jeff Jackson. 51-450 Avenida Carranza, understood that completion of Phase V is a high
priority for next year. so it sounds like it's going to be done either way. Therefore, he
didn't see the need to put in temporary streets the permanent improvements should just
be done at this time.
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Redevelopment Agency Minutes 3 December 7, 1993
Presiding Officer Sniff, felt that this is an issue that needs to be resolved. It seerns that
the only prudent. sensible, functional solution is to finish the project. The Agency is
able to borrow money on a long-term note at relatively, low-interest rates with no pre-
payment problems, so as the economy picks up and finances improve, the Agency can
accelerate the payment. He felt that the problem was initiated in Phase IV in which he
was conflicted out). Two additional areas were added on which consumed a lot of the
Agency's financial ability. He complimented Board Member McCartney on working
diligently on finding a reasonable solution.
Board Member Perkins concurred and said that he was pleased with the citizens
participation and the work they did. He also complimented Board Member McCartney
on fmding a solution. as he feels that it's vital that this project be finished The Agency
is taking somewhat of a risk and gamble, but we need to get this project moving so that
the people will have what was promised.
Board Member McCartney commented that this has been his first year on the Board and
he has learned a great deal from people in the audience. He learned that when you're
persistent and get organized, you can get things done. The people in this community
care a great deal about it few cities could obtain the number of signatures that have
been obtained in this matter. He was hopeful that the Agency/City would be able to
provide what has been promised to the residents for many years.
MOTION It was moved by Board Members Mccartney/Perkins to: a) direct staff to
issue a change order to the existing contract with Kenko, Inc.. deleting installation of the
interim pavement from streets not currently planned to receive full street improvements,
2) direct staff to issue a contract change order to Kicak and Associates to revise existing
plans for a project Phase 5A) that includes the full-street improvements as installed in
previous Cove Improvement projects.'. 3) direct staff to negotiate a change order with
Kenko, Inc., based on the revised plan within the shortest possible time-frame; and 4)
direct staff to obtain a commercial bank loan agreement for Agency approval, in the
approximate amount of $1,? million for a time period between seven to ten years.
Motion carried unanimously with Board Member Bangerter and Chairman Pena
abstaining.
MOTION It was moved by Board Members McCartney/Perkins to receive and file the
First Quarter Budget Report. Motion carried unanimously.
2. TRANSMITTAL OF TREASURER'S REPORT OCTOBER 31, 1993.
The Board accepted and filed the Treasurer's Report dated October 31. 1993.
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Redevelopment Agency Minutes 4 December 7, 1993
CONSENT CALENDAR
I. APPROVAL OF DEMAND REGISTER DATED DECEMBER 7,1993.
2. APPROVAL OF REQUEST FOR PROPOSALS FOR
REDEVELOPMENT/ECONOMIC DEVELOPMENT CONSULTANT SERVICES.
3. APPROVAL OF REQUEST FOR PROPOSALS FOR FINANCIAL ADVISORY
SERVICES.
MOTION It was moved by Board Members Sniff/Perkins that the Consent Calendar
be adopted as recommended. Motion carried unanimously.
DEPARTMENT REPORTS
A. Transmittal of Statement of Financial Position October 31, 1993.
CHAIR AND BOARD MEMBERS' ITeMS None
PUBLIC HEARINGS None
CLOSED SESSION
a Discussion of negotiations pursuant to Government Code Section 54956.8
1 Williams Development Corporation proposal for housing project including
potential land acquisition in the Cove area.
2. The Koenig Companies proposal for commercial project La Quinta V?1age
Shopping Center) located at northwest corner of Washington Street and Calle
Tampico.
3. Stamko Development Company proposal for potential land acquisition of
property located generally south of Highway 11, west of Adams street and east
of Dune Palms Road.
The Board reconvened with no action being taken.
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Redevelopment Agency Minutes 5 Dec?December 7 1993
There being no further business the meeting was adjourned.
Re tfully submitted
sAUNDRA;retary
la Quinta Redevelopment Agency
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