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1992 01 07 RDA Minutes1 LA QUINTA REDEVELOPMENT A?ENCY MINUTES JANUARY 7, 1992 Regular meeting of the La Quinta Redevelopment Agency was called to order by Chairman Pena. PRESENT: Mr. bohnenberger, Mrs. Franklin, Mr. Rushworth, Mr. Sniff, Chairman Pena ABSENT: None APPROVAL OF MINUTES It was moved by Mr. Sniff, seconded by Mr. Bohnenberger that the minutes of December 17, 1991 be approved as submitted. Motion carried unanimously. PUBLIC HEARINGS None BUSINESS SESSION 1. CONSIDERATION OF DEVELOPMENT PROGRAM FOR THE VILLAGE AT LA QUINTA AS SUBMITTED BY TMC. Dan Young, President of TMC Development, presented a report relative to the development The Village at La Quinta and reviewed the background of the Company advising that currently they have about. 5,000 acres in California, with a build-out of about 15,000 homes with associated retail and commercial and at build-out, has a value of somewhere between a billion and a half and two billion dollars in actual development product. He advised that the goal is to start development activity, noting that a most significant factor is the fact that The village is located away from Highway 111. Another factor is the fact that there is such fractured ownership of the land. Therefore, there is a need to get something started that's successful, so that others will follows. He placed a lot of importance on the need for identity or theme and following through with it. Since the City has made a commitment to the arts, that should be the theme, as the theme must be legitimate. They are suggesting a three-part program 1) a beautification and sidewalk program for the downtown, which he believes will demonstrate the City's commitment to the downtown; 2) a marketing program and 3) infill development. Mike Schlessinger, presented slides on other projects they have worked on and ideas they have for The Village, advising that the Specific Plan provides the foundation for a comprehensive development plan. He then presented slides of architectural work by the architect who designed the project in Lake Elsinore, Horton Plaza and the entrances to Los BIB] 07-18-1996-U01 01:50:29PM-U01 RDAMIN-U02 01-U02 07-U02 1992-U02 1Angeles Olympics among many others, whom he felt would do an excellent job for La Quinta. He referred to a parcel in The village, which is currently owned by the Redevelopment Agency and presented a possibility for development, which a live-- work, type of project, which is flexible that was originally conceived for artists and is now used for all types of professionals. A typical live-work space is built into warehouses and old buildings that have been adapted for a new use. In this case, they are proposing that a new building is built with flexibility built into it. A courtyard could be built-in that would be available for all of La Quinta to enjoy. They are proposing 20 units on one acre. Susan Whiten, representing the SWA Group, then presented slides of proposed landscaping ideas. She believed that landscaping is the simplest, quickest and most cost effective way in which to transform a place and create a unified identity. In this particular beautification program, not only The village would be considered, but also the links out to Highway 111, and Highway ill itself. Richard Burns, President of The New Group, advised that he is dedicated to the communication aspects of real estate related activities and presented slides showing different ideas for signing. Dan Young presented a summary advising that the ideas presented are 1) create an image the best place to start telling the story is at the La Quinta Arts Festival, 2) implement a concept of developing the public spaces and making people want to visit the downtown because of the public spaces, 3) need to attract private investment dollars. Mr. Sniff believed that there is a need to combine the aesthetics with function and especially, the need for infrastructure. The downtown needs to serve the local residents needs equally to drawing outsiders. The area should be artistic and yet blended with traditional business activities. He sees the area as being dynamic and active, as well as aesthetically pleasing. There is also a need for adequate, strategically located parking; and felt that the park could become an historical plaza area. Mr. Young agreed that there is too much land to fill it with private uses that only attract outsiders. You must mix what serves the local residents with tourist attractions. BIB] 07-18-1996-U01 01:50:29PM-U01 RDAMIN-U02 01-U02 07-U02 1992-U02 12. REPORT REGARDING PROPOSAL SUBMITTED BY STOCKMAN DEVELOPMENT CO. FOR CONSTRUCTION OF SUBSIDIZED HOUSING IN THE COVE. Mr. Kiedrowski recommended that this matter be discussed in Closed Session. Council concurred. 3. DISCUSSION REGARDING AN AMENDMENT TO THE AGREEMENT WITH COACHELLA VALLEY HOUSING COALITION REGARDING SELF-HELP HOUSING IN THE COVE. Gary Boyse, Director of Coachella Valley Housing Coalition, advised that when they originally put their agreement together, they had anticipated that they might be able to get some money from the State of California in the amount of $300,000. However, they have been advised that no funds will be forthcoming. Therefore, in order to get the mortgages down to an affordable amount, they are going to need an additional $300,000 from the City. Mr. Boyse then briefly reviewed their background advising that they are getting more affordable housing built than any other organization. In response to Council Member Sniff, Mr. Boyse advised that without these additional funds, they will not be able to meet the very low income levels, which is a requirement of using the 20% set-aside funds. Mr. Boyse then elaborated on the benefits of self-help housing advising that when people are involved in the construction of their home, there is a pride in ownership which doesn't exist when someone is given something. Discussion concluded with no action being taken. 4. APPROVAL OF EXTENSION OF NEGOTIATION AGREEMENT WITH RUSS BECKNER, DBA RGB COMMERCIAL DEVELOPMENT, FOR THE DEVELOPMENT OF THE HIGHWAY 111 CORRIDOR AREA. Mrs. Franklin advised that she received a call from Mr. Joe Hammer advising that he's received a call from someone with the Tucker Co. telling him that if he doesn't sell to the City, it will be condemned, which she didn't feel was appropriate. MOTION It was moved by Mr. Sniff, seconded by Mr. Rushworth to approve an extension to Mr. Beckner's agreement for six months. Motion carried unanimously. BIB] 07-18-1996-U01 01:50:29PM-U01 RDAMIN-U02 01-U02 07-U02 1992-U02 1CONSENT CALENDAR 1 AWARD OF BID FOR PROJECT NO. 91-18 SEWER HOOK-UP IN THE COVE TO LOW BIDDER ECONO SEWER SERVICE IN THE AMOUNT O? $24,850.00. MOTION It was moved by Mr. Sniff, seconded by Mr. Rushworth that the Consent Calendar be approved. Motion carried unanimously. CLOSED SESSION a. Discussion of negotiations pursuant to Government Code Section 54956.8 Development Agreement with TMC re: village Proposal Disposition and Development Agreement with Stockman Amendment to Owner/participation Agreement La Quinta Real Estate Partnership Cliffhouse Restaurant Project) Agreement with C. V. Housing coalition Desert Villas Senior Housing Project Council reconvened to regular session and adjourned with no action being taken Res?ctfully submitted, AUNDRAL JUHOLA, Secretary City of La Quinta, California BIB] 07-18-1996-U01 01:50:29PM-U01 RDAMIN-U02 01-U02 07-U02 1992-U02