1991 10 09 RDA MinutesC LA QUINTA REDEVELOPMENT AGENCY
MINUTES
SPECIAL MEETING OF OCTOBER 9, 1991
Special meeting of the La Quinta Redevelopment Agency was called to
order at the hour of 7:00 P.M., Mayor Pena presiding.
PRESENT: Mr. Bohnenberger, Mrs. Franklin, Mr. Rushworth, Mr.
Sniff, Chairman Pena
ABSENT: None
1. ADOPTION OF RESOLUTION AUTHORIZING THE ISSUANCE OF TAX
ALLOCATION BONDS OF SAID AGENCY IN A PRINCIPAL AMOUNT OF EIGHT
MILLION SEVEN HUNDRED THOUSAND DOLLARS $8,700,000) TO FINANCE
A PORTION OF THE COST OF A REDEVELOPMENT PROJECT KNOWN AS THE
LA QUINTA REDEVELOPMENT PROJECT AND APPROVING CERTAIN
DOCUMENTS AND TAKING CERTAIN OTHER ACTIONS IN CONNECTION
THEREWITH.
Council Member Bohnenberger and Council Member Sniff advised
that they were abstaining from this issue because they live
within the areas of the subject Assessment District.
Mr. Kiedrowski advised that the low bid was submitted by the
firm of Rauscher Pierce.. Refsnes at a net effective rate of
6.524 with a 2% discount. He recommended that the resolution
presented be adopted.
RESOLUTION NO. RA 91-12
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE LA QUINTA
REDEVELOPMENT AGENCY AUTHORIZING THE ISSUANCE OF TAX
ALLOCATION BONDS OF SAID AGENCY IN A PRINCIPAL AMOUNT OF EIGHT
MILLION SEVEN HUNDRED THOUSAND DOLLARS $8,700,000) TO FINANCE
A PORTION OF THE COST OF A REDEVELOPMENT PROJECT KNOWN AS THE
LA QUINTA REDEVELOPMENT PROJECT AND APPROVING CERTAIN
DOCUMENTS AND TAKING CERTAIN OTHER ACTIONS IN CONNECTION
THEREWITH.
It was moved by Mr. Rushworth, seconded by Mrs. Franklin that
Resolution No. RA 91-12 be adopted. Motion carried by the
following vote:
AYES: Mrs. Franklin, Mr. Rushworth, Chairman Pena
NOES: None
ABSTAIN: Mr. Bohnenberger, Mr. Sniff
ABSENT: None
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C There being no further business, the meeting was adjourned upon
motion ty Mr Bohnenberger, seconded by Mrs. Franklin and carried
unanimously
Re submitted,
DRAL Secretary
La Quinta Redeve opment Agency
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