1984 06 05 RDA Minutes MINUTES
QUINTA AN
A regular meeting of the La Quinta
redevelopment Agency held at City
Hall, 78-105 Calle Estado,
La Quinta, California.
June 5, 1984 7.30 p..
1. CALL To 0BD 9.41 p.ni.
2. Rnrr CALL
Present: Agency ir)ers Baler, Cox, Henderson, wolff and Chairman Mien.
Absent. None.
Also present Executive Director Uer, AssIstant to the Executive Director Jennings,
City Attorney Longtin.
3. INGS
4. SF
Mooed by Agency rrer uer son, seconded by Agency member V)wolff, to adopt the
Consent Calendar.
A. Minutes of the La QUinta redevelopment Agency meeting held May 1, 1984, re
approved as su:initted.
5. BUS 1:JESS SESSION
A. The Bcutive Director presented a report regarding retention of bond
counsel and financial consultant relative to the preparation and issuance of
flood control bonds, at the hourly rate specified in the agreement, with the
maximum aunt noted as not to exceed $20,000.00.
Moved by Agency Meseer wolff, seconded by Agency Ne" Cox, to approve
retention of Katz, Hollis, Coren & Associates as bond counsel and financial
consultant relative to preparation and issuance of flood control bonds, at a
cost not to exceed $20,000.00. Unanimously adopted.
B. The Executive Director presented a report regarding retention of bond counsel
and recc[cccnded hiring of Fritz R. Stradling of Stradling, Yocca, Carlson &
Rauth, with a rflaXjnitiu arount for services to be $30,000.00, to be paid out of
the proceeds of the bonds.
Moved by Council iber wolff, seconded by Council rnber Baler, to authorize
retention of the firm of Stradling, YOcca, Carlson & Rauth as bond counsel,
at a fee not to exceed $30,000.00 if bonds are issued, and $28,000.00 if
validation proceedings are not required. Unanimously adopted.
C. The Executive Director presented a report regarding an advance of funds from
the City of La Quinta to the La Quinta redevelopment Agency, in the amount of
$35,000.00.
moved by Council Maboer wolff, seconded by Council Ne'eer Baier, to approve an
advance of funds frn the City to the Agency in the amount of $35,000.00.
Uoanisously adopted.
ADJOURN
Moved by Agency r wolff, seconded by Agency r Cox, to adjourn.
The La Quinta nedevelort Agency meeting held June 5, 1984, was adjourned at
9.48 p.m., Tuesday, at City Hall, 78-105 Calle Estado, La Quinta, California.
BIB]
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