2012 08 07 SA MinutesCITY AS SUCCESSOR AGENCY
TO THE LA QUINTA REDEVELOPMENT AGENCY
MINUTES
TUESDAY, AUGUST 7, 2012
A regular meeting of the La Quinta City Council in its capacity as Successor
Agency to the dissolved La Quinta Redevelopment Agency ( "SA ") was called to
order at the hour of 7:23 p.m. by Chairperson Adolph.
PRESENT: SA Members Evans, Franklin, Henderson, Osborne, Chairperson Adolph
ABSENT: None
CLOSED SESSION - NONE
PUBLIC COMMENT NONE
CONFIRMATION OF AGENDA - Confirmed
APPROVAL OF MINUTES
MOTION — A motion was made by SA Members Franklin /Henderson to approve the
minutes of July 17, 2012 as submitted. Motion passed unanimously.
CONSENT CALENDAR
1. APPROVAL OF DEMAND REGISTER DATED AUGUST 7, 2012
2. ADOPTION OF A RESOLUTION APPROVING A RECOGNIZED OBLIGATION
PAYMENT SCHEDULE OF THE FORMER LA QUINTA REDEVELOPMENT
AGENCY FOR THE PERIOD OF JANUARY 2013 THROUGH JUNE 2013
[Resolution SA 2012 -0101
MOTION — A motion was made by SA Members Franklin /Henderson to approve the
Consent Calendar as recommended with Item No. 2 adopting Resolution SA 2012-
010 entitled: A RESOLUTION OF THE CITY OF LA QUINTA ACTING AS THE
SUCCESSOR AGENCY TO LA QUINTA REDEVELOPMENT AGENCY 1) ADOPTING
A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD OF
JANUARY 2012 THROUGH JUNE 2013; 2) APPROVING THE CONTINUED
IMPLEMENTATION OF THE WASHINGTON STREET APARTMENTS
REHABILITATION PROJECT; 3) APPROVING THE EXPENDITURE OF $3,006,360 IN
2004 TAX - EXEMPT HOUSING BOND PROCEEDS AND $15,523,220 IN 2011
TAXABLE HOUSING BOND PROCEEDS TO FUND THE WASHINGTON STREET
APARTMENTS PROJECT OVER THE COURSE OF IMPLEMENTATION, AND
$2,450,250 IN 2004 TAX - EXEMPT HOUSING BOND PROCEEDS DURING THE
CITY AS SUCCESSOR AGENCY TO RDA 1 AUGUST 7, 2012
JANUARY -JUNE 2013 ROPS PERIOD; 4) CONFIRMING THAT THE HOUSING BOND
PROCEEDS ARE HOUSING ASSETS THAT ARE TO BE TRANSFERRED TO THE LA
QUINTA HOUSING AUTHORITY PURSUANT TO HEALTH & SAFETY CODE
SECTION 34176(b) IN ACCORDANCE WITH THE BOPS SCHEDULE. Motion
passed unanimously.
BUSINESS SESSION - NONE
STUDY SESSION — NONE
ADJOURNMENT
There being no further business, it was moved by SA Members Henderson /Franklin
to adjourn at 7:24 p.m. Motion passed unanimously.
Respectfully submitted,
Susan Maysels, Age cy Secretary
Successor Agency to the La Quinta
Redevelopment Agency
CITY AS SUCCESSOR AGENCY TO RDA 2 AUGUST 7, 2012