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1989 01 17 RDA Minutes LA QUINTA REDEVELOPMENT AGENCY MINUTES JANUARY 17, 1989 Meeting of the La 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 MOTION It was moved by Mr. Bohnenberger, seconded by Council Member Sniff that Discussion of Assessment District Subsidy and deferral Program" be added to the agenda, noting that the need to take action arose after the agenda was printed. Motion carried unanimously. MINUTE ORDER NO. RDA 89-2. 1 DISCUSSION OF ASSESSMENT DISTRICT SUBSIDY AND DEFERRAL PROGRAM. Mr. Kiedrowski advised that there is a concern of some of the residents in the cove that this project would pose a burden for low to moderate income residents. After much discussion? we have a recommendation from the consultants that we create a fund using money from the Redevelopment Agency that will actually pay the assessment for sanitary sewer and gas for qualified low income people. Those income ranges and guidelines have yet to be determined. He suggested a special meeting on January 31st in order to establish the guidelines. We would require that the people who receive these funds allow a covenant to be placed on their property. If they remain on that property for the length of the bonds? then they would not end up paying anything; but if they sold the property then either all or part of it would be repaid to the Redevelopment Agency from the proceeds of that sale. He recommended that he be directed to move forward with the formulation of an assessment district subsidy payment program. In response to Council Member Bohnenberger, Mr. Kiedrowski advised that a sliding scale in which only a portion of the assessment would be paid based on the income level has not been looked at as an alternative. He added that there is currently $220,000 available in our 20% set-aside funds. BIB] 07-19-1996-U01 10:15:13AM-U01 RDAMIN-U02 01-U02 17-U02 1989-U02 redevelopment Agency 2 January 17,1989 Minutes In answer to Council Member Sniff, Mr. Kiedrowski advised that the Council can make the determination to whether or not to go all the way to the moderate income level. The normal process to determine income level is to use federal income tax forms and certified employment data based on last years income. Regarding the privacy element it will be a recorded covenant on the deed; therefore, it will become a public document. ANN YOUNG, representing La Quinta Cove Association, P.O. Box 1384, La Quinta, asked if a form letter is being sent to all property owners which can be returned to the City with their vote or are property owners being required to do this on their own? Also, will property owners have the option of choosing sewer only and not gas or vice versa? Mr. Kiedrowski advised that it is the intent of the assessment engineer to tabulate the sanitary sewer separate from the gas and to present that information before the protest hearing. Property owners can begin sending in their letters of protests. The City is not planning to send out a ballot. AUDREY OSTROWSKY, P.O. Box 519, La Quinta, felt that there is a need to consider what is low income. Young people are frightened to death. Should look into financing these assessment. CHRIS DE SALVA, expressed concern that the ancillary costs have not been accurately represented such as the cost to run the lines to the home and connect in addition to the costs to abandon an existing septic tank. He also expressed concern about people on a fixed income being able to pay the proposed assessment. DENISE JACKSON, 52-8C5 Navarro, stated that the costs of collapsing a septic tank has not been brought up enough and the costs to hook up has not been represented. Council Member Sniff expressed concern over the cost of the gas that cost has jumped enormously from original discussions. He felt that we re subsidizing the gas company which is a profit-making company since it isn't going to benefit any of the existing homes. He also asked if the property owners were told in what form a negative response should take. Was there a form provided in which they could respond in a negative fashion? Mr. Fieldman stated that an advisory vote" could be done. Mayor Pena felt that such a form should be either mailed or be available to be picked-up. BIB] 07-19-1996-U01 10:15:13AM-U01 RDAMIN-U02 01-U02 17-U02 1989-U02 redevelopment Agency 3 January 17, 1989 Minutes Mr. Fieldman advised that the Assessment Engineer will begin a series of informational meetings tomorrow and a general, public information meeting will be held on January 25th, prior to the pro?est hearing. He added that the law states that the costs shall be apportioned according to the manner in which benefit is received it is not a popular vote. Mr. Kiedrowski advised that these advisory vote" forms can be made available at the informational meetings and at the protest hearing. Regarding dissemination of information, he advised that there was a special edition of the City's newsletter in June that detailed all of the costs involved in hooking up including the cost of abandoning existing septic tanks. Council Member Sniff stated that he would like to see the form in which they can respond mailed to each property owner. MOTION It was moved by Mr. Sniff, seconded by Mr. Bohnenberger that the Executive Director be instructed to move forward with the formulation of an assessment district subsidy payment program utilizing the 20% set-aside funds. Motion carried unanimously. MINUTE ORDER NO. RDA 89-3. CONSENT CALENDAR 1. APPROVAL OF MINUTES OF JANUARY 3, 1989. 2. APPROVAL OF DEMAND REGISTER. RESOLUTION NO. 89-1) 3. APPROVAL OF AGREEMENT FOR INVESTMENT SERVICES FOR REDEVELOPMENT AGENCY BOND ISSUE, SERIES 1989. Mr. Kirby Warner, representing Denman and Company, advised that they are providing a service that complies with the 1986 Federal Tax Act. They provide advisory services as to how best to invest the funds, track them, do the reports for arbitrage and yield restrictions, etc. MOTION It was moved by Mr. Bohnenberger, seconded by Mr. Sniff that the Consent Calendar be approved. Motion carried unanimously. MINUTE ORDER NO. RDA 89-4. Upon motion by Mr Sniff, seconded by Mr. Bohnenberger, the meeting was ad?adjourned. tl??Y;$7)t;ed; SAUNDRA L Secretary La Quinta Redevelopment Agency BIB] 07-19-1996-U01 10:15:13AM-U01 RDAMIN-U02 01-U02 17-U02 1989-U02