1985 05 07 RDA Minutes MINUTES
IA QUINTA REDEVELOPment AGENCY
A regular meeting of the La Qilinta
Redevelopment Agency held at City
Hall, 76-105 Calle Estado, La
Quinta, California.
May 7, 1985 7:30 pm.
1. CAlL To OER
Chairman Cox called the La Quinta Redevelopment Agency meeting to order at
10:00 p.m.
2. CALL
Present: Agency ers Allen, Bohnenberger, Pena, wolff and Caairaan Cox.
Absent: None.
Also Present: Executive Director Usher, Assistant Executive Director Jennings, City
Attorney Longtin.
3. HEARINGS
4. consent calendar
moved by Agency member wolff, seconded by Agency Member Bohnenberger, to adopt
the Consent Calendar.
CAlL VOTE:
AYES: Agency Members Allen, Bohnenberger, Pena, wolff and Chairman Cox.
NOES: None.
ABSTAIN: None.
A. MinLes of a regular meeting of the La QUinta Redevelopment Agency held April
16, 1985, were approved as submitted.
B. RESOLUTION( NO. B5-3. A reSOLUTION OF THE LA QUINTA
ANCY, APPVING demands.
5. BUSINESS SESSION
A. The Executive Director presented a report regarding selection of a financial
advisor for the flood control bond issue, and explained that proposals had been
received by the Agency and reviewed by Chairman Cox, Agency r bohnenberger,
Larry Arceneaux Katz Hollis and the Executive Director.
Mr. Usher stated that upon a review of qualifications, financial approach, services,
personnel and cation, the committee was unanimously in favor of retaining
the firm of Paine er as the Agency's financial advisor, at a fee of $49,500
for a $22 million dollar nd issue. The Executive Director rermed
retention of Paine webber as financial advisor.
moved by Agency Member Bohnenberger, seconded by Agency Member wolff, to retain
Paine webber as the financial advisor for the La Quinta redevelopment Agency, and
authorize the Executive Director to execute the contract for the Agency.
Unanimously adopted.
6. ALLJUNT
moved by Agency Member Allen, seconded by Agency wolff, to adjourn.
The regular meeting of the La Quinta evelopeent Agency was adjourned at
10:02 p.m., Tuesday, May 7, 1985, at City Hall, 78-105 Calle Estado, La Quinta,
i fnrni
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