1992 03 03 RDA Minutes$ LA QUINTA REDEVELOPMENT AGENCY
MINUTES
MARCH 3, 1992
Regular meeting of the La Quinta Redevelopment Agency was called to
order at the hour of 3:00 M. by Chairman Pena presiding.
PRESENT: Mr. Bohnenberger, Mrs. Franklin, Dr. Rushworth, Mr. Sniff
and Chairman Pena
ABSENT: None
APPROVAL OF MINUTES of February 18, 1992. Mr. Rushworth noted for
the record that he abstained on Business Session Item No. 1
involving the Housing Coalition. The minutes were approved by Mr.
Sniff/Mrs. Franklin as corrected. Motion carried unanimously.
PUBLIC HEARING
1. AMENDING THE AFFORDABLE HOUSING AGREEMENT] BY AND BETWEEN THE
LA QUINTA REDEVELOPMENT AGENCY AND COACHELLA VALLEY HOUSING
COALITION.
Dr. Rushworth abstained at this time
Ms. Honeywell clarified the repayment process as discussed at
the afternoon session of the City Council meeting.
PUBLIC BEARING OPEN
PUBLIC HEARING CLOSED
RESOLUTION NO. RA92-2
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY APPROVING
A FIRST AMENDMENT To THE AFFORDABLE HOUSING AGREeMENT BY AND
BETWEEN THE LA QUINTA REDEVELOPMENT AGENCY AND COACHELLA
VALLEY HOUSING COALITION.
OTION It was moved by Mr. Sniff/Mrs. Franklin to adopt
Resolution o. RA92-2, Amendment to the Agreement with
Coachella Valley Housing Coalition as amended. Motion carried
with Mr. Rushworth abstaining.
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BUSINESS SESSION
1. DISCUSSION OF LOW-MODERATE INCOME HOUSING PROGRAM.
Mr. Kiedrowski addressed Council advising that the Stockman
proposal is still being processed. Several of the cities in
the Valley including Palm Desert and Palm Springs will meet
their housing quota's by 1994/95 by buying existing apartment
buildings. They have found this to be an easier way to
leverage their dollars. They normally take over existing
loans. They front less equity and it allows them to move
faster toward their SCAG-mandated numbers. A packet has been
submitted for the property on the corner of Eisenhower &
Tampico which is now on the market for sale. The asking price
would indicate that they are asking about $48,000 per unit.
There are 34 units in the complex. Some renovation will be
necessary.
Mrs. Franklin advised that she would like comments from the
City of Palm Desert on how well they have done. For example,
St. Tropez; this would be a good indicator and they could
advise us as to what problems they have had.
Mr. Kiedrowski advised that he would obtain information from
Palm Desert. They have several complexes that they are
working with.
Mrs. Franklin felt that if the City could buy this complex and
make it look better than it does now and at the same time
accomplish the SCAG goal with low-income housing, then it's a
good idea.
Mr. Kiedrowski advised that an architect could give the City
a renovation estimate.
Chairman Pena requested more information.
MrS. Honeywell suggested buying the complex and then selling
to an individual who would own it as apartments and rent to
low/mod families.
Mr. Kiedrowski advised that the apartments are 2 and 3
bedrooms and possibly could be sold as condominiums.
Mr. Sniff advised that he is not favorable of this idea
because he remembers when the complex was being built and he
doesn't believe it was built very well.
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Mr. Kiedrowski advised that he is introducing the Concept to
There will be other Complexes for sell.
Mr. Bohnenberger stated that he would like to set a cap on how
much can be spent per unit. Possibly a $50,000-cap per unit.
He, too, wished to have more information from other Cities.
Mr. Kiedrowski advised that a more-detailed report on other
cities will be brought back to Council.
CONSENT CALENDAR None
ADJOURN?l??ENT
Motion It was moved by Mr. Sniff/Mrs. Franklin to adjourn the
meeting. Motion carried unanimously.
Resp?ctfully submit??
2
S?UNDRA L. JUHOLA, Secretary
La Quinta Redevelopment Agency
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