2011 01 18 HA� T
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HOUSING AUTHORITY
AGENDA
CITY COUNCIL CHAMBERS
78-495 Calle Tampico
La Quinta, California 92253
Regular Meeting
TUESDAY, JANUARY 18, 2011 — 4:00 P.M.
Beginning Resolution No. HA 2011 -001
CALL TO ORDER
Roll Call:
Board Members: Adolph, Franklin, Henderson, Sniff, and Chairperson Evans
PUBLIC COMMENT
At this time members of the public may address the Housing Authority on any matter not
listed on the agenda. Please complete a "request to speak" form and limit your comments
to three minutes.
CONFIRMATION OF AGENDA
APPROVAL OF MINUTES
1 . APPROVAL OF MINUTES OF DECEMBER 21, 2010.
CONSENT CALENDAR
NOTE: Consent Calendar items are considered to be routine in nature and will be approved
by one motion.
1 . APPROVAL OF DEMAND REGISTER DATED JANUARY 18, 2011.
U1
Housing Authority Agenda 1 January 18, 2011
2. RECEIVE AND FILE TREASURER'S REPORT DATED NOVEMBER 30, 2010.
3. RECEIVE AND FILE REVENUE &. EXPENDITURES REPORT DATED
NOVEMBER 30, 2010, AND INVESTMENT SUMMARY REPORT FOR
QUARTER ENDING DECEMBER 31, 2010.
BUSINESS SESSION — NONE
CHAIR AND BOARD MEMBERS' ITEMS — NONE
PUBLIC HEARINGS — NONE
ADJOURNMENT
The next regular meeting of the Housing Authority will be held on February 15,
2011, at 4:00 p.m. in the City Council Chambers, 78-495 Calle Tampico,
La Quinta, CA 92253.
DECLARATION OF POSTING
I, Veronica Montecino, City Clerk of the City of La Quinta, do hereby declare that
the foregoing agenda for the La Quinta Housing Authority meeting of January 18,
2011, was posted on the outside entry to the Council Chamber at 78-495 Calle
Tampico and on the bulletin boards at 51-321 Avenida Bermudas and 78-630
Highway 111, on January 14, 2011.
DATE . January 14, 2011
VERONIC J. MONTECINO, City Clerk
City of La Quinta, California
Public Notice
Any writings or documents provided to a majority of the Housing Authority regarding any
item on this agenda will be made available for public inspection at the City Clerk counter at
City Hall located at 78-495 Calle Tampico, La Quinta, California, 92253, during normal
business hours.
Housing Authority Agenda 2 January 18A'0 L) IJ L
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HOUSING AUTHORITY MEETING DATE: January 18, 2011
ITEM TITLE: Demand Register Dated
January 18, 2011
RECOMMENDATION:
It is recommended the Housing Authority Board:
Receive and File the Demand Register Dated
January 18, 2011 of which $150.00
represents Housing Authority Expenditures.
AGENDA CATEGORY:
BUSINESS SESSION
CONSENT CALENDAR
STUDY SESSION
PUBLIC HEARING
PLEASE SEE CONSENT CALENDAR ITEM NUMBER 1 ON CITY COUNCIL AGENDA
000403
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40 �Bi
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COUNCIL/RDA MEETING DATE: January 18, 2011 AGENDA CATEGORY:
ITEM TITLE: Transmittal of Treasurer's Report as of BUSINESS SESSION:
November 30, 2010 CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDATION:
It is recommended the La Quinta Housing Authority:
Receive and File.
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
000004
4OF
aw
AGENDA CATEGORY:
COUNCIL/RDA MEETING DATE: January 18, 2011
ITEM TITLE: Transmittal of Revenue and Expenditure
Report for November 30, 2010 and Investment
Summary Report for the Quarter Ending December 31,
2010
RECOMMENDATION:
Receive and File.
FISCAL IMPLICATIONS:
None.
CHARTER CITY IMPLICATIONS:
None.
BACKGROUND AND OVERVIEW:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
Transmittal of the November 30, 2010 Statement of Revenue and Expenditures and
Investment Summary Report for the Quarter Ending December 31, 2010 for the La
Quinta Housing Authority.
Respectfully submitted,
Aii'tl tjcf��
" J John M. Falconer, Finance Director
000005
Approved for submission by:
Thomas P. Genovese, Executive Director
Attachment: 1 . Revenue and Expenditure Report, November 30, 2010
2. Investment Summary for the Quarter Ending December
31, 2010
000006
2
LA QUINTA HOUSING AUTHORITY
REVENUE SUMMARY
PROJECT AREA NO HOUSING AUTHORITY
Rental Income
Transfer In
TOTAL LQ HOUSING AUTHORITY PA 1
PROJECT AREA NO 2 HOUSING AUTHORITY
Rental Income
Transfer In
TOTAL LQ HOUSING AUTHORITY PA 2
07/01/2010-11/30/2010
ADJUSTED
REMAINING
BUDGET
RECEIVED
BUDGET
216,000.00
99,380.83
116,619,17
167.075.00
9,093.99
157,981.01
RECEIVED
46.010%
5.440%
383,075.00 108,474,82 274,600A8 28.320%
0.00 0.00 0,00 0.000%
25,675.00 0.00 25,675.00 0.000%
25,675D0 0.00 25,675.00 0.000%
000001
[C]
LA OUINTA HOUSING AUTHORITY ADJUSTED 11/30110 REMAINING
EXPENDITURE SUMMARY BUDGET EXPENDITURES ENCUMBERED BUDGET
PROJECT AREA NO HOUSING AUTHORITY
INTEREST ADVANCE 000 2.04
SERVICES 395,850,00 54,457,78 341,39222
TRANSFER OUT 000 4000001 (40000.00)
TOTAL PROJECT AREA NO 1 HOUSING AUTHORITY 30 F5bb6——0d'd59-B2 —0.00 301 392 22
PROJECT AREA NO 2 HOUSING AUTHORITY
INTEREST ADVANCE 0.00 1.98
SERVICES 23,500.1 725W 22775
TOTAL PROJECT AREA NO 2 HOUSING AUTHORITY
TOTAL HOUSING AUTHORITY
000008 4
H I I At flIVIUM I L
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000009
5
RESOLUTION NO. HA 2011-
A RESOLUTION OF THE LA QUINTA HOUSING
AUTHORITY APPROVING A FUNDING
AGREEMENT FOR FUTURE PUBLIC
IMPROVEMENTS AND AFFORDABLE HOUSING
IN THE CITY OF LA QUINTA
14A 0%s # !
40*k.4-OTCLt.
WHEREAS, the La Quinta Redevelopment Agency ("Agency"), pursuant to
Health and Safety Code Section 33445, is authorized to provide funding for the
development of publicly owned improvements; and
WHEREAS, the City of La Quinta ("City") and Agency mutually desire to
enter into a Funding Agreement for Future Public Improvements and Affordable
Housing in the City of La Quinta (the "Agreement") to, among other things, set
forth their respective obligations with respect to the funding of certain public
improvements which are outlined on Exhibit "A" and Exhibit "B" of the Agreement
(collectively, the "Public Improvements"); and
WHEREAS, City does not have the funding to plan, design, or build the
Public Improvements without Agency funding; and
WHEREAS, to ensure that the Public Improvements are completed in a timely
manner, the Agency and City wish to enter into the Agreement; and
WHEREAS, City, Agency, and the La Quinta Housing Authority wish to
ensure the continued provision of affordable housing within the community to serve
the needs of existing and future residents who qualify as moderate income, low
income, and very low income; and
WHEREAS, City has been assigned the following affordable housing
obligations pursuant to the Regional Housing Needs Assessment for the years
2008-2014: Very Low Income — 1,065 dwelling units, Low Income — 724 Dwelling
Units, and Moderate Income — 796 Dwelling Units; and
WHEREAS, to ensure that adequate housing is provided for persons within
Moderate Income, Low Income, and Very Low Income households, the Agency
wishes to transfer to the City or Authority its future Low and Moderate Income
Housing Funds that are not previously pledged for other purposes in order to fund
the affordable housing projects listed on Exhibit C of the Agreement ("Housing
Projects"); and
WHEREAS, City and Authority do not have the funding to plan, design, or
build the Housing Projects without Agency funding; and
000010
Resolution No. HA 2011.
Funding Agreement
Adopted: January 18, 2011
Page 2
WHEREAS, to ensure that the Housing Projects are completed in a timely
manner and that the City's residents of all income categories have descent, safe
and sanitary housing, the Agency desires to fund the Housing Projects through the
Agreement.
WHEREAS, graffiti is a significant blighting condition within Project Area 1
and 2;
WHEREAS, with other demands on the City's general fund, it ability to timely
and fully remove graffiti within Project Area 1 and 2 has been impaired; and
WHEREAS, the annual cost of graffiti removal in Project Area 1 and 2 is
$138,000;
WHEREAS, the Agency wishes to fund the removal of graffiti in Project Area
1 and 2 through the execution of the Agreement.
NOW THEREFORE, BE IT RESOLVED, by the La Quinta Housing Authority, as
follows:
SECTION 1. The above recitations are true and correct.
SECTION 2. The Agreement, a copy of which is on file with the Authority
Secretary, is hereby approved, and the Authority Executive Director is hereby
authorized and directed to sign the Agreement.
000011
:/
PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta
Housing Authority held on this 18th day of January , 2011, by the following vote
to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
LINDA EVANS, Chairperson
La Quinta Housing Authority
ATTEST:
VERONICA J. MONTECINO, CMC, Authority Secretary
City of La Quinta, California
APPROVED AS TO FORM:
M. KATHERINE JENSON, Authority Attorney
City of La Quinta, California
D0 p011
FUNDING AGREEMENT FOR FUTURE PUBLIC IMPROVEMENTS AND
AFFORDABLE HOUSING IN THE CITY OF LA QUINTA
THIS FUNDING AGREEMENT ("Agreement') is made and entered into this 18th day
of January, 2011, by and among the LA QUINTA REDEVELOPMENT AGENCY, a public
body corporate and politic ("Agency"), the CITY OF LA QUINTA, a charter city and municipal
corporation ("City"), and the LA QUINTA HOUSING AUTHORITY, a public body, corporate
and politic ("Authority").
RECITALS
WHEREAS, Agency is a public body, corporate and politic, organized under the
California Community Redevelopment Law (Health & Safety Code § 33000 et seq.); and
WHEREAS, City is a municipal corporation and a charter city of the State of California
organized and existing under the Constitution of the State of California; and
WHEREAS, Authority is a public body, corporate and politic, organized under the
California Housing Authorities Law (Health & Safety Code § 34200 et sue.); and
WHEREAS, Agency, pursuant to Health and Safety Code Section 33445, is authorized to
provide funding for the development of publicly owned improvements; and
WHEREAS, City and Agency mutually desire to enter into this Agreement to set forth
their respective obligations with respect to the funding of certain public improvements
(collectively, the "Public Improvements") outlined on Exhibit "A" and Exhibit "B", which
exhibits are attached hereto and incorporated herein by this reference-, and
WHEREAS, it is estimated that the costs of Public Improvements is $210,010,897; and
WHEREAS, City does not have the funding to plan, design, or build the Public
Improvements without financial assistance from the Agency; and
WHEREAS, to ensure that the Public Improvements are completed in a timely manner,
the Agency wishes to fund $210,010,897 to the City from its future receipts of non -housing Tax
Increment that is not currently encumbered for other purposes;
WHEREAS, City, Agency, and Authority wish to ensure the continued provision of
affordable housing within the community to serve the needs of existing and future residents who
qualify as moderate income, low income, and very low income; and
WHEREAS, City has been assigned the following affordable housing obligations
pursuant to the Regional Housing Needs Assessment for the years 2008-2014: Very Low Income
— 1,065 dwelling units, Low Income — 724 dwelling units, and Moderate Income — 796 dwelling
units; and
119/015610-0042
1148483.04 a01/18/11
000013
WHEREAS, to ensure that adequate housing is provided for persons within Moderate
Income, Low Income, and Very Low Income households, the Agency wishes to pay to the City
and/or the Authority its future Low and Moderate Income Housing Proceeds that are not
previously encumbered for other purposes in order to fund the affordable housing projects listed
on Exhibit C ("Housing Projects"); and
WHEREAS, City and Authority do not have the funding to plan, design, or build the
Housing Projects without the Agency funding; and
WHEREAS, to ensure that the Housing Projects are completed in a timely manner and
that the City's residents of all income categories have decent, safe and sanitary housing, the
Agency wishes to pay $589,886,674 to the City and/or Authority from its future receipts of Low
and Moderate Income Set Aside of the Tax Increment that is not currently encumbered for other
purposes;
WHEREAS, graffiti is a significant blighting condition within Redevelopment Project
Areas 1 and 2;
WHEREAS, with other demands on the City's general fund, it ability to timely and fully
remove graffiti has been impaired; and
WHEREAS, the annual cost of graffiti removal in Redevelopment Project Areas 1 and 2
is $138,000;
WHEREAS, the Agency wishes to fund the removal of graffiti in the City from the
execution of this Agreement until the dates specified below.
AGREEMENT
NOW, THEREFORE, in consideration of the foregoing Recitals, which are incorporated
herein by this reference, and the mutual covenants and promises hereinafter contained, Agency
and City agree as follows:
Section 1. Agency Payment for Public Improvements.
Agency hereby agrees to pay to City the amount of ($210,010,897) ("Public
Improvements Funding") from its future non -housing tax increment funds for Redevelopment
Project Areas No. I and 2 that are not encumbered for other purposes. The Public Improvements
Funding shall be used to plan, design, and construct the Public Improvements. No portion of the
Public Improvements Funding shall be used for any purpose not permitted by Health and Safety
Code Section 33445. The portion of the Public Improvements Funding derived from Project
Area No. 1 will be used to fund the Public Improvements locate in or immediately adjacent to
Project Area No. 1. The portion of the Public Improvements Funding derived from Project Area
No. 2 will be used to fund the Public Improvements located in or immediately adjacent to Project
Area No. 2. No portion of the Public Improvements Funding for the Public Improvements
shown in Exhibit "C" shall be utilized prior to the completion of the public hearing process
required by Health & Safety Code Section 33679.
119/015610-0042
1148483.04 a01/18/11 -2000
014
Section 2. Agency Payment for Affordable Housing.
Agency hereby agrees to pay to City and/or the Authority (as determined by the City
Council) the amount of ($589,886,674) ("Affordable Housing Funding") from the future Low
and Moderate Income Set Aside of the tax increment funds for Redevelopment Project Areas No.
I and 2 that are not encumbered for other purposes. The Affordable Housing Funding shall be
used to plan, design, and construct the Housing Projects. The City shall be responsible for the
expenditure of the Affordable Housing Funds and for compliance with all legal requirements
imposed on the funds.
Section 3. Agency Payment for Graffiti Removal.
Agency hereby agrees to pay to City the amount of $138 000 ("Graffiti Removal
Funding") for each fiscal year, beginning with the 2010-2011 fiscal year, from its future non -
housing tax increment funds for Redevelopment Project Areas No. 1 and 2. The funding shall be
allocated as follows: $82,800 for Project Area No. 1, and $55,200 for Project Area No. 2. The
Graffiti Removal Funding shall be used solely for graffiti removal in Project Area Nos. 1 and 2.
The Graffiti Removal Funding shall be in the amounts shown on Exhibit "D".
Section 4. Entire Agreement; Amendments.
This Agreement shall constitute the entire agreement of the parties. This Agreement may
be amended or modified only by an agreement in writing signed by the parties
Section 5. Severability of Provisions.
No provision of this Agreement that is held to be unenforceable or invalid shall affect
the remaining provisions, and to this end all provisions of this Agreement are hereby declared to
be severable.
[end — signature page follows]
119/015610-0042
1148483 04 a01/18/11 -3-
0000 15
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by
their authorized representatives, as of the date first above written.
"AGENCY"
ATTEST:
Secretary
APPROVED AS TO FORM:
Agency Counsel
ATTEST:
City Clerk
APPROVED AS TO FORM:
City Attorney
LA QUINTA REDEVELOPMENT AGENCY
Chairman
"CITY"
CITY OF LA QUINTA
By:
Mayor
"AUTHORITY"
LA QUINTA HOUSING AUTHORITY
By:
ATTEST:
City Clerk
119/015610-0042
1148483 04 a01 /18/11 -4- 000016
OOD1C
APPROVED AS TO FORM:
Authority Legal Counsel
119/015610-0042
1148483.04 a01/18/11
-5-
00001 /
EXHIBIT "A"
PUBLICLY OWNED IMPROVEMENTS IN LA QUINTA NOT SUBJECT TO HEALTH AND
SAFETY CODE SECTION 33679
[SEE LIST ON FOLLOWING PAGE]
119/015610-0042
1148483.04 a01/18/11 000018
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EXHIBIT A
000,9I9
EXHIBIT `B"
PUBLICLY OWNED IMPROVEMENTS IN LA OUINTA SUBJECT TO HEALTH AND
SAFETY CODE SECTION 33679
[SEE LIST ON FOLLOWING PAGE]
119/015610-0042 _7_
1148483.04 a01/18/11 000090
Exhibit B - Project Areas 1 and 2, Public Improvements With Buildings
RDA PA 1
SilverRock Clubhouse
Community Center (Expansion of Senior Center)
Corporate Yard Phases II and III
Black Box Theater
Village Area Parking Structure
Fritz Burns Pool Improvements (Expansion)
RDA PA 2
Corporate Yard Phases 2 and 3
5 Bus Shelters
Grand Total RDA PA 1 and 2:
Total Cost
23,332,283.00
3,000,000.00
4,082,504.00
3,000,000.00
7,500,000.00
1,500,000.00'
Subtotal: 42,414, 787.00
Total Cost
1,936,290.00
625, 000.00
Subtotal: 2,561,290.00
44,976,077.00
000()21
EXHIBIT B
119/015610-0042
1148483.04 a01/18/11
EXHIBIT "C"
AFFORDABLE HOUSING PROJECTS
[SEE LIST ON FOLLOWING PAGE]
In
000022
EXHIBIT "C"
La Quinta Redevelopment Agency Affordable Housing Production
The La Quinta Redevelopment Agency ("RDA") is required to produce 2,307 units
of affordable housing. To date, the RDA has provided a total of 1,059 units of
affordable housing. Therefore, the RDA is required to produce an extra 1,069
units.
On -Going Project Production Summary — The City has acquired certain parcels of
land for the purposes of building affordable housing. All of the following projects
have involved significant costs to the RDA for the purposes of acquisition,
environmental evaluation, preliminary planning, demolition of blighted structures,
and/or rehabilitation plans.
Project
Anticipated
Area
Project Name
Description
Expenditure
Substantially rehabilitate 72 very -low income senior
and special needs units owned by the RDA;
Washington Street
construct up to 83 additional very -low income senior
2
Apartments
units on adjacent RDA -owned property
$18,200,000
Approx 95 unit multi -family complex; if Agency is
Dune
able to acquire adjacent 39,000 sf property, unit
2
Palms/Westward Ho
count increases to 95
$18,000,000
Potential 32 loft dwellings on Agency -owned 35,000
Village Live -Work
sq. ft. parcel; Agency looking to acquire adjacent
1
Housing
15,000 s . ft. parcel to expand project
$8,700,000
Provide funding to continue building HFH homes on
1
Habitat for Humanity
Agency and HFH-owned vacant lots
$525,000
Purchase and rehab of foreclosed homes; 6
Foreclosed Home
purchased and 5 rehabbed to date; plan to continue
1 & 2
Purchase Program
program
$3,200,000
$48,625,000
To complete these projects which will result in 287 units of very low-, low- and
moderate -income units, an additional $48,625,000 in funding will be required.
Future Project Production Summary — In addition to the 1,059 affordable units
already produced plus the existing projects described above, the RDA is required to
produce an additional 961 units of affordable housing. In order to achieve the RDA
state mandated production requirements, the RDA will be demolition to acquire
additional land and fund planning and construction efforts.
In order to account for future increases in land and construction costs, the need to
build higher density housing due to the decreasing availability of vacant land, and
potential that the Agency will need to develop affordable housing outside of its
Redevelopment Project Areas thus will need to build two dwellings for each
dwelling it receives credit for, the Agency will need to budget $563,227 per unit or
$541,261,674 to satisfy its affordable housing production requirements.
EXHIBIT C 000923
119/015610-0042
1148483.04 a01/18/11
EXHIBIT "D"
GRAFFITI REMOVAL FUNDING
[SEE LIST ON FOLLOWING PAGE]
N2
00p0<4
Graffiti Removal
10/:
11/:
12/:
13/�
14/1
15/1
16/1
17/1
18/1
19/2
20/2
21/2
22/2
23/2
24/2
25/2.
26/2'
27/2I
28/2!
29/31
30/3:
31/3:
32/3=
33/31
34/3!
35/3E
36/37
37/3E
38/39
39/4C
Total
60%
PA 1
40%
PA 2
Total
.1 82,800
55,200
138,000
.2 82,800
55,200
138,000
.3 82,800
55,200
138,000
4 82,800
55,200
138,000
5 82,800
55,200
138,000
6 82,800
55,200
138,000
7 82,800
55,200
138,000
8 82,800
55,200
138,000
9 82,800
55,200
138,000
0 82,800
55,200
138,000
1 82,800
55,200
138,000
2 82,800
55,200
138,000
3 82,800
55,200
138,000
3 82,800
55,200
138,000
i 82,800
55,200
138,000
i 82,800
55,200
138,000
1 82,800
55,200
138,000
S 82,800
55,200
138,000
I 82,800
55,200
138,000
I 82,800
55,200
138,000
82,800
55,200
138,000
82,800
55,200
138,000
82,800
55,200
138,000
82,800
55,200
138,000
0
55,200
55,200
0
55,200
55,200
0
55,200
55,200
0
55,200
55,200
0
55,200
55,200
0
55,200
55,200
1,987,200 1,656,000 3,643,200
EXHIBIT D 000025