Loading...
1989 01 31 RDA Minutes LA QUINTA REDEVELOPMENT AGENCY MINUTES JANUARY 31, 1969 Meeting of the La Quinta Redevelopment Agency was called to order by Chairman Pena. PRESENT: Mr. Bohnenberger, Mr. Rushworth, Mr. Sniff, Chairman Pena ABSENT: Mrs. Bosworth PUBLIC HEARINGS None BUSINESS SESSION 1. CONSIDERATION OF ASSESSMENT SUBSIDY PROGRAM FOR ASSESSMENT DISTRICT NO. 88-1. Mr. Kiedrowski, City Manager advised that on January 17th, staff presented a proposal that called for the Redevelopment Agency to subsidize assessment district payments for Assessment District No. 88-1 from the Agency's low to moderate income housing set-aside funds. This program would be made available to persons and households in the low to moderate income categories. The program's purpose is to improve and increase the supply of affordable very low, low and moderate income housing while providing necessary infrastructure improvements utilizing assessment district funding. At the conclusion of the reports, he recommended that the Assessment Subsidy program be approved and that he be directed to move forward and institute the activities necessary for implementation. Final approval of this program will take place through the adoption of resolutions by both the Council and the Redevelopment Agency at a future date. FRANK SPEVACEK, representing Rosenow, Spevacek Group, advised that if the Council/Agency approves this program, the material included in staff?s report to Council will be mailed out to the property owners within Phase I of the Assessment District to inform them of the availability of this program. The goal is to qualify and achieve funding for all qualified families by March 13th, which is the end of the cash payment period. After that date, qualification would be on-going far the duration of the program. BIB] 07-19-1996-U01 10:14:15AM-U01 RDAMIN-U02 01-U02 31-U02 1989-U02 Redevelopment Agency 2 January 31, 1989 Minutes In response to Mr. Bohnenberger, Mr. Spevacek advised that in the case of rental property, both the owner and renter would have to apply and the renter would have to submit income statements and the owner would have to agree to have a covenant recorded against his property to guarantee affordable rental rates for the life of the project. Mr. Bohnenberger felt the total allowable assets should be increased from $25,000 to $100,000 if it can be done legally. Mr. Spevacek advised that there is no legal basis for the amount the Council/Agency can make that determination. Mr. Kiedrowski noted that an individual who owns more than one parcel can use the subsidy program for only one parcel. Mr. Sniff stated that he wished to proceed with the program and favored raising the asset limit to $100,000. He questioned how this program would be administered and Mr. Spevacek proceeded to detail the process. In answer to further questions by Mr. Sniff, Mr. Kiedrowski advised that the program is justified in the same manner in which the Redevelopment agency was formed. The plan adopted several years ago says that the area is prone to flooding, that it lacks street improvements, that it lacks adequate water in places and lacks sewers all of these affect housing conditions. Regarding the money this pool will have in it, Mr. Spevacek advised that 88/89 it will have an estimated $292,000; in 89/90 $493,000; and in 91/92 $705,000. In response to Mr. Sniff, Mr. Spevacek and Mr. Kiedrowski advised that g" under eligibility can be removed regarding right-of-way dedication. Discussion ensued regarding rental properties with Council and Consultant concurring in sending out two application forms one for owner/occupied units and one for renter/occupied units. Regarding confidentiality of files, Mr. Spevacek advised that a limited number of people will have access to the files. Chairman Pena asked if an individual would have to continue qualifying each year, and Mr. Spevacek advised that that part of the program has not yet been worked out. Mr. Kiedrowski then reviewed the qualifying income categories. Regarding the determination of assets, Mr. Spevacek advised that other than using IRS forms, there is no other way to verify total assets. BIB] 07-19-1996-U01 10:14:15AM-U01 RDAMIN-U02 01-U02 31-U02 1989-U02 Redevelopment Agency 3 January 31, 1989 Minutes With regard to the on-going administration of the program, Mr. Kiedrowski advised that there may need to be a full time person assigned to it either by the consultants or City staff, which can be paid for through the Assessment District. MOTION It was moved by Mr. Bohnenberger, seconded by Mr. Sniff that the Executive Director be directed to move forward and institute the activities necessary for implementation of this subsidy program and that two forms be sent out one for renters and one for owners and that Item g be removed from eligibility and that the net assets under Item d be changed from $25,000 to $100,000. Motion carried unanimously. MINUTE ORDER NO. RDA 89-5. At this time, the Board adjourned to Closed Session to discuss exposure to litigation and possible initiation of litigation pursuant to Government Code Sections 54956.9B1 and 54956.9C. The Board reconvened to regular session and took no action. Upon motion by Mr. Sniff, seconded by Mr. Bohnenberger, the meeting was adjourned. 5 itted, RA L OLA, Secretary La Quinta Redevelopment Agency BIB] 07-19-1996-U01 10:14:15AM-U01 RDAMIN-U02 01-U02 31-U02 1989-U02