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1999 07 20 RDA Minutesd_ LA QUINTA REDEVELOPMENT AGENCY MINUTES JULY20, 1999 Regular meeting of the La Quinta Redevelopment Agency was called to order by Chairman Perkins. PRESENT: Board Members Adolph, Henderson, Pena, Sniff, Chairman Perkins ABSENT: None CLOSED SESSION None 3:00 P.M. PUBLIC COMMENT None CONFIRMATION OF AGENDA Board Member Adolph asked that Consent Calendar Item No.3 be moved to Business Session Item No.3. APPROVAL OF MINUTES MOTION It was moved by Board Members Sniff/Pena to approve the Minutes of June 22, 1 999, as submitted. Motion carried with Board Member Adolph ABSTAINING. MOTION It was moved by Board Members Sniff/Henderson to approve the Minutes of June 29 and July 6, 1 999, as submitted. Motion carried unanimously. CONSENT CALENDAR 1. APPROVAL OF DEMAND REGISTER DATED JULY 20, 1999. 2. TRANSMITTAL OF TREASURER'S REPORT DATED MAY 31, 1999 3. SEE BUSINESS SESSION ITEM NO.3. MOTION It was moved by Board Members Sniff/Henderson to approve the Consent Calendar as recommended and amended. Motion carried unanimously. BIB] 08-16-1999-U01 09:05:04AM-U01 ADMIN-U01 RDAMIN-U02 07-U02 20-U02 1999-U02 d_Redevelopment Agency Minutes 2 July20, 1999 BUSINESS SESSION 1. CONSIDERATION OF ADOPTING THE FISCAL YEAR 199912000 BUDGET. RESOLUTION NO. RA 99-04 A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY OF LA QUINTA, CALIFORNIA, APPROVING A BUDGET FOR FISCAL YEAR 1999/2000. It was moved by Board Members Pena/Sniff to adopt Resolution No. RA 99-04 as amended. Motion carried unanimously. 2. CONSIDERATION OF A REQUEST FROM BUILDING HORIZONS FOR ADDITIONAL FUNDS TO PAY DOWN THE MORTGAGE ON THEIR THIRD HOUSE LOCATED AT 52-100 AVENIDA VELASCO. Ms. di lorlo, Planning Manager, advised that Building Horizons has requested an additional $5,000 to pay down the mortgage under the Home Purchase Second Trust Deed Loan Program. This is the third home with a Quiet Second funding, and as required by Council, the funding parameters are to be the same as the first two homes. However, the potential purchaser needs $60,000 to secure the mortgage, and Building Horizons is asking the Agency to match their $5,000 to make up the difference. MOTION It was moved by Board Members Sniff/Pena to approve matching funds in the amount of $5,000 to match $5,000 that Building Horizons will provide to fund the home loan. Motion carried unanimously. 3. CONSIDERATION OF RESOLUTION APPROVING COMPENSATION FOR REDEVELOPMENT AGENCY BOARD MEMBERS AND AUTHORIZING THE PAYMENT OF EXPENSES Board Member Adolph advised that he would vote NO because he doesn?t support the proposed compensation for Agency Board Members. BIB] 08-16-1999-U01 09:05:04AM-U01 ADMIN-U01 RDAMIN-U02 07-U02 20-U02 1999-U02 d_Redevelopment Agency Minutes 3 July 20, 1 999 RESOLUTION NO. RA 99-05 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LA QUINTA, CALIFORNIA, ESTABLISHING AND RATIFYING COMPENSATION FOR AGENCY BOARD MEMBERS AND AUTHORIZING THE PAYMENT OF EXPENSES. It was moved by Board Members Pena/Sniff to adopt Resolution No. RA 99-05 as submitted. Motion carried with Board Member Adolph voting NO. STUDY SESSION None DEPARTMENT REPORTS 1. TRANSMITTAL OF REVENUE & EXPENDITURES REPORT DATED MAY 31, 1999. MOTION It was moved by Board Members Sniff?Henderson to receive and file the Revenue & Expenditures Report dated May 31, 1999. Motion carried unanimously. CHAIR AND BOARD MEMBERS' ITEMS Chairman Perkins referred to a letter from Stamko Development regarding the extension of La Quinta Drive to Avenue 48 in the Auto Centre of La Quinta, and Mr. Genovese, Executive Director, advised that it will be brought back on August 3, 1999. 7:00 P. M. PUBLIC COMMENT None BIB] 08-16-1999-U01 09:05:04AM-U01 ADMIN-U01 RDAMIN-U02 07-U02 20-U02 1999-U02 d_Redevelopment Agency Minutes 4 July 20, 1999 PUBLIC HEARINGS JOINT PUBLIC HEARING WITH THE CITY OF LA QUINTA FIVE-YEAR IMPLEMENTATION PLAN FOR THE LA QUINTA REDEVELOPMENT PROJECT AREAS NO.1 AND 2. The Chairman declared the PUBLIC HEARING OPEN. Frank Spevacek, of Rosenow, Spevacek Group, advised that the purpose of the public hearing is to receive testimony and the Agency's input on a proposed Second Five-Year Implementation Plan for Redevelopment Project Areas No.1 and 2. Under Redevelopment Law, the Redevelopment Agency is required to prepare an Implementation Plan that outlines the expenditures on both housing and non-housing projects for the next five years. The Plan must be reviewed every two and half years, and updated on a five-year basis. The proposed Plan outlines accomplishments, and identifies a potential $3.7 million in Project Area No.1 non-committed Agency funds that can be used to fund projects during this cycle, as well as identifies specific projects that the Agency may want to consider. It also identifies non-housing capital improvement projects, totaling approximately $3.6 million, that are scheduled for the next two fiscal years. Approximately $600,000 of resources have been identified in Project Area No. 2 that are set aside for economic development initiatives, and an additional $1 6 million that is pledged to capital improvement programs within the project area. The Plan also identifies financial resources available to implement the affordable housing objectives in both project areas, and for the five-year period, $2.3 million is available in Project Area No.1 revenues and $15.9 in Project No.2 revenues. The Plan also sets forth various proposals for non-housing and housing redevelopment projects. He then advised of several modifications that need to be made to the proposed document as follows: on Page 17, change items listed as completed" to commenced;" on Page 37, delete completed" after the traffic signal at Westward Ho/Dune Palms Drive; on Page 41, move La Quinta Ren4.?l Housing Program from completed projects" to continuing projects;" and on Page 46, change the last sentence under the A. G. Spanos project to ten units being affordable to moderate-income households and ten units being affordable to low-income households." He advised that staff is recommending adoption of the Second Five-Year Implementation Plan as modified. In response to Board Member Pena, Mr. Spevacek advised that according to statistics produced by the State Department of Housing Community Development in 1 997, the Agency ranks in the top three of the State for BIB] 08-16-1999-U01 09:05:04AM-U01 ADMIN-U01 RDAMIN-U02 07-U02 20-U02 1999-U02 d_ Redevelopment Agency Minutes 5 July20, 1999 moving toward meeting the Agency?s obligations to produce affordable housing. He felt that the City is doing a very commendable job in trying to meet its objectives. Board Member Pena felt that that might place the City in a position whereby the State would be going after a lot of other agencies before looking at La Quinta if the City should fail to meet some of the mandated goals. Mr. Spevacek agreed, but noted that housing is becoming more of a priority than it was under the previous State administration, and that proposals are starting to come forward for taking housing funds away from local agencies and investing them by the State. He recommended that the Agency continue doing what it has been doing. In response to Board Member Adolph, Mr. Spevacek advised that more housing and City growth creates more housing requirements, which will continue to increase the mandated numbers set forth by the State. He advised that the Agency's obligation is to try to achieve 15% of all units from the time the two project areas were adopted in 1983 and 1989, to 2033 and 2039, respectively. Board Member Henderson agreed that the City needs to stay on top of this because of the push in the Legislature to remove these funds from City control. There being no one else wishing to speak, the Chairman declared the PUBLIC HEARING CLOSED. Board Member Sniff advised that he was prepared to adopt the Plan. In response to Board Member Henderson, Mr. Genovese, Executive Director, advised that the Civic Center Campus improvements are included in the Plan because the other funding source is very limited, causing the remaining portions to most likely be funded through Redevelopment Agency funds. In response to Board Member Henderson, M.-. Speva?ek ad???d that the projects have been included with the understanding that they will?be prioritized as funds become available, noting that the non-housing funds for Project Area No.1 have been committed in the Five-Year Capital Improvement Program for the next two fiscal years. In response to Board Member Pe?1a, Ms. Honeywell, Agency Counsel, confirmed that the City receives housing credits for the homes built by C. V. Housing Coalition CVHC), as long as they are covenanted appropriately and meet the requirements. BIB] 08-16-1999-U01 09:05:04AM-U01 ADMIN-U01 RDAMIN-U02 07-U02 20-U02 1999-U02 d_ Redevelopment Agency Minutes 6 July 20, 1 999 Mr. Spevacek advised that the City provided some financial assistance for the first 10 homes, and that Agency regulatory agreements exist on those homes. Staff is in the process of talking to CVHC to determine what kind of covenants they intend to put on the new homes. Ms. Honeywell advised that it?s not necessary for the City to participate financially to receive housing credits. Chairman Perkins asked about the possibility of using redevelopment funds to improve Adams Street, north of Miles Avenue, where the street narrows because of the lID property. Mr. Spevacek advised that it would mean taking some of the Project Area No. 2 funds that were set aside for economic development and using them for infrastructure. In response to Board Member Henderson, Mr. Genovese advised that staff could explore the possibility of it being a joint project with lID. Chairman Perkins wished to see it explored, as well as the costs involved. Board Member Pena felt that it could be considered a blighted condition under inadequate public improvements. MOTION It was moved by Board Members Sniff/Adolph to adopt the Second Five-Year Implementation Plan for Redevelopment Project Areas No.1 and 2 as modified. Motion carried unanimously. There being no further business, it was moved by Board Members Sniff/Henderson to adjourn. Motion carried unanimously. Res ctfull' submitted, N?RA L JUHOLA, Secretary La Quinta Redevelopment Agency BIB] 08-16-1999-U01 09:05:04AM-U01 ADMIN-U01 RDAMIN-U02 07-U02 20-U02 1999-U02