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1992 06 16 RDA Minutes LA QUINTA REDEVELOPMENT AGENCY MINUTES JUNE 16, 1992 Regular meeting of the La Quinta Redevelopment Agency was called to order by Chairman Pena. PRESENT: Mrs. Franklin, Mr. Sniff, Chairman Pena ABSENT: Mr. Bohnenberger, Mr. Rushworth MOTION It was moved by Mr. Sniff, seconded by Mrs. Franklin to excuse. Mr. Bohnenberger and Mr. Rushworth. Motion carried unanimously. APPROVAL OF MINUTES MOTION It was moved by Mr. Sniff, seconded by Mrs. Franklin that the Agency Minutes of May 19, 1992 and June 2, 1992 be approved as submitted. Motion carried unanimously. PUBLIC COMMENT None BUSINESS SESSION 1. REVIEW, DISCUSSION AND CONSIDERATION OF ADOPTION OF PRELIMINARY BUDGET FOR 1992-93 FISCAL YEAR. 2. CONSIDERATION AND APPROVAL OF FINANCING COMMITMENT AND SITE PLANS FOR PHASE I OF WES DEVELOPMENT COMPANY PROJECT. Mr. Spevacek, with Rosenow Spevacek Group, advised that the action before the Board will facilitate the development of up to 40 single-family affordable housing units in the Cove. WES has completed the next step of the requirements of the DDA in terms of securing the financial commitments for the construction of the units as well as preparing the site plans. The financial commitment letter from Palm Springs & Loan was included in the Boards? packets. Staff is asking the Board to consider the financing plan, site plans and elevations for the homes to be built in the Cove. Walter Stockman, Stockman Development Co. presented the Board with the proposed elevations for the three plans, advising that no elevation will be contiguous to another of the same. He added that they are ready to go as of next week as all the construction plans will be submitted once the lot selection process is completed. In that effort, they are making an effort to use local contractors if they are qualified and competitive. Their Supervisor is local, they are using a BIB] 07-18-1996-U01 01:24:16PM-U01 RDAMIN-U02 06-U02 16-U02 1992-U02 La Quinta Redevelopment 2 June 16, 1992 Agency Minutes local bank, Title Co., Escrow Office, Civil Engineer and Local Broker. MOTION It was moved by Mr. Sniff, seconded by Mrs. Franklin to approve the financing commitment and site plans for Phase I of the WES Development Co. project. Motion carried unanimously. 3. CONSIDERATION OF ADOPTION OF RESOLUTION AUT?ORIZING rlE PURCHASE OF CERTAIN PROPERTIES WITHIN THE LA QUINTA PROJECT AREA NO. 1. Continued until after Closed Session. 4. DISCUSSION AND CONSIDERATION OF DEVELOPMENT PROPOSAL S?MITTED BY WALLING & MCCALLUM FOR THE VILLAGE AT LA QUINTA. Mr. Genovese advised that this matter was continued from the June 2nd meeting for further consideration in connection with the RDA budget. Council concurred on considering this matter after budget consideration. 1. REVIEW, DISCUSSION AND CONSIDERATION OF ADOPTION OF PRELIMINARY BUDGET FOR 1992-93 FISCAL YEAR. Mr. Genovese noted that the Redevelopment Agency consists of two project areas Project Area 1 is south of Avenue 50 and Project Area 2 is north of Avenue 50. He noted that a number of the capital projects are interrelated and there are substantial costS involved. He suggested the need to move forward with only those projects that are critical, as staff is in the process of completing a capital improvement plan that will set forth a mechanism by which the Council can prioritized various projects. Mrs. Franklin referred to Page 1 under infrastructure improvements, and asked if the monies are going to be available to do Phase V. Mr. Genovese advised that it's projected that we would have those funds that's part of an analysis that will be presented at the June 29th meeting. Mrs. Franklin asked how the $10.7 million that is in question handled in the budget and Mr. Genovese advised that those funds are not reflected, other than that they are available BIB] 07-18-1996-U01 01:24:16PM-U01 RDAMIN-U02 06-U02 16-U02 1992-U02 La Quinta Redevelopment 3 June 16, 1992 Agency? Minutes for expenditure. There are no earmarked loss of funds taken into account in the budget, which is why he's recommending that the capital projects be prioritized. Mr Sniff commented that he didn?t want to see anything jeopardize the financing of the Senior Center in the 1992-93 fiscal year, to which Mr. Genovese advised that Project Area 1 would not allow for the financing of the Senior Center. Mr. Sniff asked if there is going to be a need to loan Project Area 2 funds from Project Area 1 and Mr. Genovese advised that he would not ever suggest doing that because of the legal ramifications involved and because Project Area 1 proposed projects would not allow for lending of funds. The Board called a recess at this time. Mr. Genovese advised that by adopting this budget, the Board would not be approving the financial plan for each of these projects. Staff is intending to bring to the Board, the Capital Improvement Plan as mentioned earlier. MOTION rt was moved by Mr. Sniff, seconded by Mrs. Franklin that the Redevelopment Agency preliminary budget for 1992-93 be adopted. Motion carried unanimously. Mr. Sniff asked that staff begin the process of developing the information and material regarding estimated costs and funding sources for these projects and that a committee of the Board/Council review and prioritize the list. 4. DISCUSSION AND CONSIDERATION OF DEVELOPMENT PROPOSAL SUBMITTED BY WALLING & MCCALLUM FOR THE VILLAGE AT LA QUINTA. Mr. Genovese advised that the Board reviewed this item previously and continued it pending review of the budget. Audrey Ostrowsky, P.O. Box 351, La Quinta, advised that she is continuing to pursue development of her property in The village and today she submitted a letter from her architect outlining some of their plans and intentions. She requested that her architects letter go on record and be made a part of this meeting. Chairman Pena advised that the Board/Council has stated that they wish to work with the property owners in helping them formulate a plan as it relates to circulation around the park. BIB] 07-18-1996-U01 01:24:16PM-U01 RDAMIN-U02 06-U02 16-U02 1992-U02 La Quinta Redevelopment 4 June 1?, 1992 Agency Minutes Mrs. Franklin expressed concern about approving this proposal when the projects in the RDA budget haven't yet been prioritized. Mr. Genovese advised that the prioritization schedule he was referring to is primarily related to the costly capital improvement items. This particular item would be treated much like consultant services. MOTION It was moved by Mr. Sniff, seconded by Chairman Pena to accept the proposal submitted by walling & McCallum for a development project for The village at La Quinta with an expenditure not to exceed $29,270. Chairman pena felt that this is something that we've asked for to facilitate development of The village. It doesn't commit us to doing anything, it simply gives us a plan for City-owned property so that we can continue on with development in The village. Mr. walling, advised that it will take about six months to formulate the plans and come back with a report. He has several developers already expressing an interest if it proves to be positive. They need to define the plan along with elevations and artists' rendering and then prepare a sales packet which his colleagues will taken into the market place. He noted that a few restaurants have already expressed an interest. They want to see if they can get enough people interested to commit to start the project. The key is to do a theme commercial center like for instance, Tallaquepaque. In response to Mr. Sniff's concerns about limiting tenancy to art oriented businesses, Mr. walling advised that they have no intention of limiting the tenants he didn't believe they could even get the project going by limiting the market. He anticipates space being available for at least 12-15 tenants, however, it will depend upon the amount space each tenant requires. Ms. Honeywell, City Attorney suggested that the Board direct that the Agency Counsel work with Mr. walling in drawing up an agreement that would set forth the parameters as to what his responsibilities are and including time frames. She recommended that the agreement be brought back to the Board for approval. BIB] 07-18-1996-U01 01:24:16PM-U01 RDAMIN-U02 06-U02 16-U02 1992-U02 La Quinta Redevelopment 5 June 16, 1992 Agency Minutes Motion carried unanimously. Mr. Sniff asked that staff be directed to work with Mr. Walling to develop a contract for the Board's approval. The Board concurred. PUBLIC HEARINGS None CONSENT CALENDAR 1. TRANSMITTAL OF STATEMENT OF FINANCIAL POSITION 7/1/91-4/30/92. 2. ACCEPTANCE OF PROJECT 92-7 SEWER HOOK-UPS AND AUTHORIZATION TO FILE NOTICE OF COMPLETION. MOTION It was moved by Mr. Sniff, seconded by Mrs. Franklin that the Consent Calendar be approved as recommended. Motion carried unanimously. CLOSED SESSION a. Discussion of negotiations pursuant to Government Code Section 54956.8 La Quinta Canyon Center Development & Disposition Agreement Koenig Companies OPA at Washington & Tampico Ralph?s Center) Birtcher/Ladin Washington Square) OPA b. Discussion of land acquisition pursuant to Government Code Section 54956.8 Acquisition of certain properties within the Cove. The Board reconvened to regular session 3. CONSIDERATION OF ADOPTION OF RESOLUTION AUTHORIZING THE PURCHASE OF CERTAIN PROPERTIES WITHIN THE LA QUINTA PROJECT AREA NO. 1. RESOLUTION NO. 92-13 A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY AUTHORIZING THE PURCHASE OF CERTAIN PROPERTIES WITHIN THE LA QUINTA REDEVELOPMENT PROJECT NO. 1. BIB] 07-18-1996-U01 01:24:16PM-U01 RDAMIN-U02 06-U02 16-U02 1992-U02 La Quinta Redevelopment 6 June 16, 1992 Agency Minutes It was moved by Mr. Sniff, seconded by Mrs. Franklin that Resolution No. 92-13 be adopted approving the purchase of all Lots outlined with the exception of Lots 9 and 10 of Block 121. Motion carried unanimously. RESOLUTION NO. 92-14 A RESOLUTion:ION OF THE LA QUINTA REDEVELOPMENT AGENCY AUTHORIZING THE PURCHASE OF CERTAIN PROPERTIES WITHIN THE LA QUINTA REDEVELOPMENT PROJECT NO. 1. It was moved by Mr. Sniff, seconded by Mrs. Franklin that Resolution No. 92-14 be adopted approving the purchase of Lots 9 and 10 of Block 121. Motion carried with Chairman Pena abstaining. There being no further business, the meeting was adjourned. Re ectfully submitted, RALThUH??Secretary La Quinta Redevelopment Agency BIB] 07-18-1996-U01 01:24:16PM-U01 RDAMIN-U02 06-U02 16-U02 1992-U02