1992 07 21 RDA Minutes LA QUINTA REDEVELOPMENT AGENCY
MINUTES
JULY 21, 1992
Regular meeting of the La Quinta Redevelopment Agency was called to
order by Chairman Pena.
PRESENT: Mr. Bohnenberger, Mr. Rushworth, Mr. Sniff, Chairman Pena
AbSENT: Mrs. Franklin
MOTION It was moved by Mr. Sniff, seconded by Mr. Bohnenberger
that Mrs. Franklin be excused. Motion carried unanimously.
APPROVAL OF MINUTES
MOTION It was moved by Mr. Sniff, seconded by Mr. Rushworth that
the Minutes of July 7, 1992 be approved as submitted.
PUBLIC COMMENT None
BUSINESS SESSION
1. CONSIDERATION OF RESOLUTION APPROVING A BUDGET FOR FISCAL YEAR
1992-93.
RESOLUTION NO. RA 92-15
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY, APPROVING
A BUDGET FOR FISCAL YEAR 1992-93.
It was moved by Mr. Sniff, seconded by Mr. Rushworth that
Resolution No. RA 92-15 be adopted as recommended. Motion
carried unanimously.
2. CONSIDERATION OF RESOLUTION APPROVING THE LEASE OF REAL
PROPERTY IN PROJECT AREA NO. 1 AND AUTHORIZING THE EXECUTION
OF A LEASE RELATING THERETO LA QUINTA VILLAGE PROJECT
DEVELOPER: KOENIG COMPANIES.
Mr. Genovese, Ass't. City Manager, advised that there were
some unresolved issues. One of which was a dedication, to
which Ms. Honeywell, Agency Counsel, advised that a faxed copy
of signatures re?uired for the necessary dedication for
Tampico has been received and assumed that the official
documents are in the mail. The matter will be placed on the
Council's next agenda.
Mr. Genovese advised that another issue is ownership of the
site and a new resolution has been prepared which addresses
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this matter requiring Koenig Companies to have a fee interest
in the property before the City will proceed. Ms Honeywell
advised that the current status of the property is that it's
in escrow with certain option provisions and this resolution
spells Out that the options need to be exercised and completed
prior to the effectiveness of the lease.
Mr. Bohnenberger?adviSed that would be abstaining.
Mr. Genovese advised that staff believes it's necessary to
have a schedule of performance incorporated into the final
lease. This has been discussed with Mr. Koenig and he is
agreeable to it. Pie then presented a site plan including the
portion the City will be leasing for a term of 5-years with
two, five-year options.
John Koenig, Applicant, advised that in order to make this
project feasible, it is necessary to have the City's
assistance with the ground lease. They plan to improve that
area with grass, benches, etc. so that the center will appear
to be complete. They wish to break ground by the end of the
year with the agreement becoming null and void in March 1994.
He anticipated a 10-11 COnstruction period. In clarification,
he asked for authorization to begin construction no later than
March 1993 with completion by March 1994.
In response to Mr. Sniff, Ms. Honeywell advised that the
package is legally defined, but does wish to have a schedule
of performance as an attachment which will delineate the dates
for obtaining building permits, start of construction,
completion, etc.
RESOLUTION NO. RA 92-16
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY APPROVING
THE LEASE OF' REAL PROPERTY IN PROJECT AREA NO. 1 AND
AUTHORIZING THE EXEC?TION OF A LEASE RELATING THERETO.
It was moved by Mr. Sniff, seConded by Mr. Rushworth that
Resolution No. RA 92-16 be adopted subject to all the
recommendations made by staff and subject to review by City
Attorney to make sure that all the items brought forth are
covered. Motion carried with Mr. Bohnenberger abstaining.
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CONSENT CALENDAR
1* Approval of Demand Register.
MOT?ON It was moved by Mr. Sniff, seconded by Mr.
Bohnenberger that the Consent Calendar be approved as
recommended. Motion carried unanimously.
CLOSED SESSION
a. Discussion of negotiations pursuant to Government Code Section
5495? 8
La Quinta Canyon Center Development & Disposition Agreement.
Koenig Companies OPA at Washington & Tampico Ralph's
Center)
Walling & McCallum proposal for The village including
potential acquisition of property in The village area.
Coachella valley Land Proposal for Housing Project including
potential acquisition of properties in the Cove area.
William? Development Corporation Proposal for Housing
Project including potential acquisition of properties in the
Cove area.
The Board reconvened and adjourned with no action being taken.
Re pectfully submitted
JUH??etary
SAUNDRA L
La Quinta Redevelopment Agency
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