1997 12 16 RDA Minutes LA *QUINTA REDEVELOPMENT AGENCY
MINUTES
DECEMBER 16, 1997
Regular meeting of the La Quinta Redevelopment Agency was called to order at 4:40
p.m. by Chairman Perkins.
PRESENT: Board Members Adolph, Henderson, Pena, Sniff, Chairman Perkins
ABSENT: None
PUBLIC COMMENT None
CONFIRMATION OF AGENDA Confirmed
APPROVAL OF MINUTES
MOTION It was moved by Board Members Sniff/Henderson to approve the Minutes
of November 24,1997 as submitted. Motion carried unanimously.
MOTION It was moved by Board Members Sniff/Henderson to approve the Minutes
of December 2,1997 as submitted. Motion carried unanimously.
BUSINESS SESSION
1. CONSIDERATION OF THE COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR
THE YEAR ENDED JUNE 30, 1997.
There were no changes to the staff report as submitted to the Agency Board by
the Finance Department and on file in the City Clerk's Department.
MOTION It was moved by Board Members Sniff/Henderson to receive and file
the Comprehensive Annual Financial Report for the year ended June 30, 1 997.
Motion carried unanimously.
CONSENT CALENDAR
1. APPROVAL OF DEMAND REGISTER DATED DECEMBER 16, 1997.
2. TRANSMITTAL OF TREASURER'S REPORT DATED OCTOBER31, 1997.
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Redevelopment Agency Minutes 2 December 1 6, 1 997
3. APPROVAL OF THE SALE OF AGENCY PROPERTY LOCATED AT 52-445
AVENIDA MENDOZA AND AUTHORIZE THE EXECUTIVE DIRECTOR TO
EXECUTE THE NECESSARY DOCUMENTS
4. APPROVAL OF PURCHASE OF PROPERTY LOCATED AT 53-125 AVENIDA
RUBIO IN THE AMOUNT OF APPROXIMATELY $62,000 $60,000 PLUS
CLOSING COSTS), AND UP TO $30,000 TO REHABILITATE THE PROPERTY:
AND AUTHOR!ZE THE EXECUTIVE DIRECTOR TO SIGN THE NECESSARY
DOCUMENTS, AND APPROVAL OF THE APPROPRIATION OF FUNDS FROM
THE RDA PROJECT AREA NO.1, LOW-MOD HOUSING FUND
5. APPROVAL OF ANNUAL CONTINUING DISCLOSURE FOR THE LA QUINTA
REDEVELOPMENT AGENCY 1995 HOUSING TAX ALLOCATION BONDS FOR
FISCAL YEAR ENDING JUNE 30, 1997.
MOTION It was moved by Board Members Henderson/Sniff to approve the
Consent Calendar as recommended. Motion carried unanimously.
DEPARTMENT REPORTS
1. TRANSMITTAL OF REVENUE & EXPENDITURES REPORTED OCTOBER 31,
1997.
MOTION It was moved by Board Members Sniff/Pena to receive and file the
Revenue & Expenditures Report dated October 31, 1997. Motion carried
unanimously.
CHAIR AND BOARD MEMBERS* ITEMS None
PUBLIC HEARINGS
1. APPROVAL OF DISPOSITION AND DEVELOPMENT AGREEMENT BY AND
BETWEEN THE LA QUINTA REDEVELOPMENT AGENCY AND THOMAS L. AND
JUDITH A. BIENEK AND AUTHORIZATION FOR THE EXECUTIVE DIRECTOR TO
SIGN THE AGREEMENT TO EXECUTE THE SALE OF PROPERTY.
Mr. Genovese, Executive Director, noted the need to continue this public
hearing to January 6,1998.
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Redevelopment Agency Minutes 3 December 1 6, 1 997
MOTION It was moved by Board Members Sniff/Henderson to continue the
matter of the DDA with Tom Bienek until January 6, 1 998. Motion carried
unanimously.
Agency recessed to the La Quinta Financing Authority.
Agency reconvened and recessed to Closed Session.
CLOSED SESSION
Board Member Adolph abstained from participating in Item No.1 due to a conflict of
interest.
1. Conference with Agency's real property negotiator pursuant to Government
Code Section 54956.8, concerning the potential terms and conditions of
acquisition and/or disposition of real property located at the northwest corner
of Highway 111 and Adams Street in the One-Eleven La Quinta Center.
Property Owner/Negotiator: Dick Oliphant.
Agency Board reconvened with no decision being made which requires reporting
pursuant to Section 54957.1 of the Government Code Brown Act).
SAUNDRA L. JUHOLA, Secretary
La Quinta Redevelopment Agency
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