1990 04 17 RDA Minutes CONSENT ITEM: 1
LA QUINTA REDEVELOPMENT AGENCY
MINUTES
APRIL 17, 1990
Regular meeting of the La Quinta Redevelopment Agency was called
to order by Chairman Pena.
PRESENT: Mr. Bohnenberger, Mrs. Bosworth, Mr. Rushworth, Mr.
Sniff, Chairman Pena
ABSENT.' None
PUBLIC HEARINGS None
BUSINESS SESSION
1. ADOPTION OF RESOLUTION OF THE BOARD OF DIRECTORS OF THE LA
QUINTA REDEVELOPMENT AGENCY AUTHORIZING THE ISSUANCE OF TAX
ALLOCATION REFUNDING BONDS OF THE AGENCY IN A PRINCIPAL
AMOUNT NOT TO EXCEED TWENTY MILLION DOLLARS $20,000,000) TO
REFUND CERTAIN OBLIGATIONS OF THE AGENCY AND APPROVING AN
ESCROW AGREEMENT.
Mr. Kiedrowski advised that this matter will be rescheduled
for a Special Meeting at 5:00 P.M. on Wednesday, April 25,
1990.
2. CONSIDERATION OF RESOLUTION APPROVING THE EXPANSION OF A
PROGRAM FOR THE FURNISHING OF ASSISTANCE FOR AFFORDABLE?
HOUSING AND AUTHORIZING THE EXPENDITURE OF AGENCY FUNDS
PURSUANT TO SUCH PROGRAM.
Mr. Kiedrowski advised that this matter was approved by the
City Council and basically extends the program for Phase III
of the Cove Improvement Project.
RESOLUTION NO. RA 90-3
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY APPROVING
THE EXPANSION OF A PROGRAM FOR THE FURNISHING OF ASSISTANCE
FOR AFFORDABLE HOUSING AND AUTHORIZING THE EXPENDITURE OF
AGENCY FUNDS PURSUANT TO SUCH PROGRAM.
It was moved by Mr. Bohnenberger, seconded by Mr. Sniff that
Resolution No. RA 90-3 be adopted. Motion carried
unanimously.
3. CONSIDERATION OF SETTLEMENT AGREEMENT AND RELEASE REGARDING
LA QUINTA ESTATES, INDIO CASE NO. 44797.
Mr. Kiedrowski advised that the Board has received a copy of
a letter from the General Manager of Coachella Valley Water
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District and he has reviewed this matter previously with the
Board and recommends approval.
MOTION It was moved by Mr. Sniff, seconded by Mr.
Bohnenberger that the Settlement Agreement and release
between La Quinta Estates and Coachella Valley Water District
be approved. Motion carried unanimously. MINUTE ORDER NO.
RA90-12.
CONSENT ITEMS
1. APPROVAL OF MINUTES OF APRIL 3, 1990.
MOTION It was moved by Mr. Sniff, seconded by Mr.
Bohnenberger that the Consent Calendar be approved. Motion
carried unanimously. MINUTE ORDER NO. RA 90-13.
The Board adjourned to Closed Session to discuss litigation,
City of Indio, Indio Case No. 57496.
The Board reconvened with no action being taken.
There being no further business, the meeting was adjourned.
ectfully submitted,
SAUND??UH,Secretary
City of La Quinta, California
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