2012 11 20 SAit
!Z112=
Agendas and staff reports are now
available on the City's web page:
www.la-guinto.org
CITY AS SUCCESSOR AGENCY
To The La Quinta Redevelopment Agency
AGENDA
CITY HALL COUNCIL CHAMBERS
78-495 Calle Tampico, La Quinta
REGULAR MEETING on TUESDAY, NOVEMBER 20, 2012 AT 4:00 P.M.
Beginning Resolution No. SA 2012-013
CALL TO ORDER
ROLL CALL: Councilmembers Evans, Franklin, Henderson, Osborne, Mayor Adolph
CLOSED SESSION — NONE
PUBLIC COMMENT
At this time, members of the public may address the City Council on any matter not listed
on the agenda. Please complete a "request to speak" form and limit your comments to
three minutes. The City Council values your comments; however in accordance with State
law, no action shall be taken on any item not appearing on the agenda unless it is an
emergency item authorized by GC 54954.2(b).
CONFIRMATION OF AGENDA
PRESENTATIONS — NONE
WRITTEN COMMUNICATIONS — NONE
APPROVAL OF MINUTES
APPROVAL OF MINUTES OF NOVEMBER 6, 2012
001
CITY AS SUCCESSOR AGENCY TO RDA 1 NOVEMBER 20, 2012
CONSENT CALENDAR
NOTE: Consent Calendar items are routine in nature and can be approved by one motion.
1 RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED
SEPTEMBER 30, 2012
2. APPROVAL OF DEMAND REGISTER DATED NOVEMBER 20, 2012
3. RECEIVE AND FILE TREASURER'S REPORT DATED SEPTEMBER 30, 2012
DEPARTMENT REPORTS — NONE
BUSINESS SESSION — NONE
STUDY SESSION — NONE
ADJOURNMENT
The next regular meeting of the City as Successor Agency to the La Quinta Redevelopment
Agency will be held on December 4, 2012 commencing with closed session at 3:00 p.m.
and open session at 4:00 p.m. in the City Council Chambers, 78-495 Calle Tampico, La
Quinta, CA 92253.
DECLARATION OF POSTING
1, Susan Maysels, Agency Secretary of the City as Successor Agency to the La Quinta
Redevelopment Agency, do hereby declare that the foregoing agenda 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 November 16, 2012.
DATED: November 15, 2012
54", k4'
SUSAN MAYSELS, Agency Secretary
Successor Agency to the
La Quinta Redevelopment Agency
Public Notices
The La Quinta City Council Chamber is handicapped accessible. If special
equipment is needed for the hearing impaired, please call the City Clerk's Office at
777-7103, twenty-four (24) hours in advance of the meeting and accommodations
will be made.
002
CITY AS SUCCESSOR AGENCY TO RDA 2 NOVEMBER 20, 2012
If special electronic equipment is needed to make presentations to the Successor
Agency, arrangement should be made in advance by contacting the City Clerk's
Office at 777-7103. A one (1) week notice is required.
If background material is to be presented to the Successor Agency during a
meeting, please be advised that eight (8) copies of all documents, exhibits, etc.,
must be supplied to the City Clerk for distribution. It is requested that this take
place prior to the beginning of the meeting.
Any writings or documents provided to a majority of the Successor Agency
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.
003
CITY AS SUCCESSOR AGENCY TO RDA 3 NOVEMBER 20, 2012
MEETING DATE: November 20 2012
I
ITEM TITLE: Approval of Demand Register Dated
November 20, 2012
RECOMMENDED ACTION:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR: 2-
STUDY SESSION:
PUBLIC HEARING!
It is recommended the Successor Agency of the La Quinta Redevelopment Agency:
Receive and File the Demand Register Dated
November 20, 2012 of which $1,435.00
Represents Successor Agency Expenditures as detailed below:
Vendor:
Account#:
Amount:
Purpose:
RBF Consulting Inc
231-9001-702.32-07
$1,127.50
SA -Project Area 1
RBF Consulting Inc
M-9001-702.32-07
$307.50
SA -Project Area 1
By adoption of Resolution No. 2012-002, the City of La Quinta has affirmatively elected to be
the Successor Agency of the La Quinta Redevelopment Agency. Pursuant to Health and
Safety Code Section 34177(a), the Successor Agency of the La Quinta Redevelopment
Agency shall continue to make payments required pursuant to an adopted enforceable
obligations payment schedule. The payments above are required pursuant to the enforceable
obligations payments schedule adopted by the La Quinta Redevelopment Agency on January
17,2012.
Pursuant to Health and Safety Code Section 34173(e), the liability of the Successor Agency of
the La Quinta Redevelopment Agency, when acting pursuant to the powers granted under
ABX126, are limited to the extent of the total sum of property tax revenues it receives pursuant
004
to part 1.85 of ABX126 (e.g., Health and Safety Code Sections 34170 — 34190) and the value
of assets transferred to it as Successor Agency for the dissolved La Quinta Redevelopment
Agency.
EXECUTIVE SUMMARY:
None
FISCAL IMPAC
None.
BACKGROUND/ANALYSIS:
None.
ALTERNATIVES:
None.
Respectfully submitted,
PaA-L*.� &4--l';
Robbeynq3ird, Finance Director
Oo5
or
AGENDA CATEGORY:
COUNCIL&HA/14A MEETING DATE: November 20, 2012 BUSINESS SESSION:
ITEM TITLE: Receive and File Transmittal of Treasurer's CONSENT CALENDAR: 3
Reports as of September 30, 2012
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDED ACTION:
It is recommended the Successor. Agency to the La Quinta Redevelopment Agency
Board:
Receive and file.
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA
1 006
4 Zfv Qu&rcv
OF
AGENDA CATEGORY:
CIIYERHA/FA MEETING DATE: November20,2012 BUSINESS SESSION:
ITEM TITLE: Receive and File Revenues and CONSENT CALENDAR:
Expenditures Report dated September 30, 2012
STUDY SESSION:
PUBLIC HEARING:
RECOMMENDED ACTION:
Receive and File
EXECUTIVE SUMMARY:
Monthly and year-to-date revenues and expenditures of the Successor Agency to the
La Quinta Redevelopment Agency dated September 30, 2012.
FISCAL IMPACT:
None.
BACKGROUND/ANALYSIS:
Receive and File Transmittal of the September 30, 2012 Statements of Revenues and
Expenditures for the Successor Agency to the La Quinta Redevelopment Agency.
ALTERNATIVES:
None.
Respectfully submitted,
— &"Aon:� -
Robbeyn B*d, Finance Director
I
Attachment: 1. Revenues and Expenditures Report for September 30, 2012
007
A I I AUHIVIEN I I
0710112012 - 09/3012012
SUCCESSOR AGENCY ADJUSTED REMAINING %
REVENUESUMNIARY BUDGET RECEIVED BUDGET RECEIVED
PROJECT AREA NO. I Admin (237)
County of Riverside
476,656.00
0,00
476,656.00
0000%
Pooled Cash Allocated Interest
0.00
0,00
0�00
0,000%
Non Allocated Interest
0.00
0.00
0,00
0,000%
Transfers In
15,400=
0.00
15,400.00
0.000%
TOTAL PA 1
492,056.00
0.00
492,05&00
0.000%
PROJECT AREA NO. 2 Admin (230)
County of Riverside
323,939.00
0.00
323,939,00
0.000%
Pooled Cash Allocated Interest
000
000
0,00
0�000%
Non AlloWed Interest
0.00
0,00
0.00
0,000%
Transfers In
19,500,00
000
19.500,00
0000%
TOTAL PA 2
343,439.00
0.00
343,439.00
0,000%
TOTAL SUCCESSOR AGENCY - ADMIN
835,495.00
0,00
835,495.00
0.000%
PROJECT AREA NO. I Project (231)
County of Riverside
0.00
0.00
0.00
0,000%
Pooled Cash Allocated Interest
000
2,588.76
(2,58876)
0,000%
Non Allocated Interest
0�00
0.00
0.00
0.000%
Transfers In
15,400.00
22.598.00
(7,198.00)
146.740%
TOTAL PA 1
15.400�00
25,186.76
19,78636)
163.550%
PROJECT AREA NO. 2 Project (2a2)
County of Riverside
192,876.00
0.00
1192,876�00
0.000%
Pooled Cash AAccated Interest
0�00
0.00
0.00
0.000%
Non Allocated Interest
0,00
0,00
0�00
0.000%
Transfers In
19,50000
8.798.55
10.701,45
45.120%
TOTAL PA 2
212,376.00
8,798.55
203,577,45
4.140%
TOTAL SUCCESSOR AGENCY - PROGRAM 227,776.00 33,985,31 193,790.69 14.920%
TOTAL SUCCESSOR AGENCY 1,063,271,00 33,985.31 1,029,285.69 3.200%
008
SUCCESSOR AGENCY
EXPENDITURE SUMMARY
PROJECT AREA NO. 1:
PROJECT AREA NO. 2:
PROJECT AREA NO. 1:
ADJUSTED 09/30112 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
SERVICES 131,018.00 27,983.50 0.00 103,034�50
REIMBURSEMENT TO GEN FUN[ 307,461.00 76,866.00 0,00 230,595,00
TRANSFERS OUT 0.00 0,00 0,00 0.00
TOTAL PA 1 - Admin 438,479.00
SERVICES 0.00 960.00 om (960.00)
REIMBURSEMENT TO GEN FUN[ 151,439.00 37,860.00 0.00 113.579.00
TRANSFERS OUT 0.00 0.00 0.00 0.00
TOTAL PA 2 - Admin 151439
TOTAL SUCCESSOR AGENCY - Admin �9,91 8
SERVICES
5,499,961 DO
960.00
0,00
5,499,001.00
BOND PRINCIPAL
0,00
0,00
0.00
0,00
BONDINTEREST
0,00
0�00
0,00
0,00
REIMBURSEMENT TO GEN FUNE
0.00
ODD
ODO
0.00
TRANSFERS OUT
15.400 W
ODO
0
TOTAL PA I - Pmgmm
b,515.361.DT-
960,00
600000
u1454uf 600
PROJECT AREA NO. 2:
SERVICES
0.00
6.252.50
0,00
(6,252,50)
BOND PRINCIPAL
BONDINTEREST
0.00
0.00
0.00
0.00
REIMBURSEMENT TO GEN FUNE
0.00
0.00
0.00
0.00
TRANSFERS OUT
212,376.00
0.00
0.00
21237600
TOTAL PA 2 � Pmgmm
212,376.
TOTAL SUCCESSOR AGENCY - Pmgmm
TOTAL SUCCESSOR AGENCY 6,317 655.00
009
SUCCESSOR AGENCY TO THE
LA QUINTA REDEVELOPMENT AGENCY
REVENUE SUMMARY
PROJECT AREA NO. 1,
�RATE TAX FUND:
County of Riverside
Allocated Interest
Non Allocated Interest
Miscellaneous revenue
Non Allocated Interest
Transfer In
TOTAL LOWIMOD TAX
DEBT SERVICE FUND:
County of Riverside
Allocated Interest
Non Allocated Interest
Transfers In
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT FUND
Pooled Cash Allocated Interest
Non Allocated Interest
Developer Agreement Funding
Sale of Land Proceeds
Rental Income
Litigation Proceeds
Transfers In
TOTAL CAPITAL IMPROVEMENT
2011 TAXABLE HOUSING BOND FUND: (249)
Pooled Cash Allocated Interest
Non Allocated interest
Developer Agreement Funding
Sale of Land Proceeds
Rental Income
Litigation Proceeds
Transfers In
TOTAL 2011 TAXABLE HOUSING BOND
07/0112012 - 09/3012012
ADJUSTED REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
6,227,990.00
0.00
6,227,990�00
0,000%
0,00
0.46
(0.46)
0.000%
0,00
696,16
(696,16)
0�000%
0.00
0.00
0.00
0.000%
0.00
0.00
0.00
0,000%
0.00
0.00
0,00
0.000%
6,227,990 00
696,62
6,227,293.38
0.010%
10.273.472.00
0.00
10,273,472,00
0,000%
0.00
O.GO
0A0
0.000%
0.00
251.44
(251.44)
0000%
0.00
0.00
0.00
0.000%
10,273,472.00
251.44
10,273,220.56
0,000%
0.00
1,943.68
(1,943.68)
0.000%
15,400.00
3,726.49
11,673.51
24�200%
O.GO
0.00
0.00
0�000%
0.00
0,00
000
0.000%
0.00
0.00
0,00
0.000%
0,00
000
0.00
0�000%
0,00
0,00
0.00
0000%
15,40000
5.670,17
9,72983
36.820%
0.00
0.00
0�00
0.000%
10,000.00
5,867,52
4,132.48
58.680%
000
000
0.00
0,000%
0.00
0.00
0.00
0000%
0.00
0.00
0.00
0.000%
0.00
0.00
0.00
0.000%
0�00
0.00
0.00
0,000%
10,000.00
5,867.52
4,132.48
58,680%
.111. -, 010
SUCCESSOR AGENCY TO THE ADJUSTED 913012012 REMAINING
LA QUINTA REDEVELOPMENT AGENCY BUDGET EXPENDITURES ENCUMBERED BUDGET
EXPENDITURE SUMMARY
PROJECT AREA NO. 1:
LOWIMODERATE TAX FUND:
SERVICES
0,00
0.00
000
000
BOND PRINCIPAL
2.071,650,00
1,723,250,00
0.00
348,400.00
BONDINTEREST
4,156,340.00
2,104,021.63
OZO
2,052,318�37
REIMBURSEMENT TO GEN FUN[
0.00
OBO
0.00
0�00
TRANSFERS OUT
4!U74162!2%2�011
4,609,934.75
0,00
3' 7�25
TOTAL LOWIMOD TAX
In
d,4Jf,ZM.35
0,00
2.49:09 5
DEBT SERVICE FUND:
SERVICES
16,600�00
0,00
0�00
16,600.00
BOND PRINCIPAL
3.765.000.00
3,308,050.00
0.00
456,950.00
BONDINTFREST
6,491,872,00
3,289,314.13
0,00
3,202,557.87
TRANSFERS OUT
0�00
0.00
0.00
000
TOTAL DEBT SERVICE
IU,273,472.
FF
CAPITAL IMPROVEMENT FUND:
SERVICES
0.00
0.00
0.00
0.00
REIMBURSEMENT TO GEN FUN[
0.00
0.00
0.00
0�00
2011 TAXABLE HOUSING BOND(249)
SERVICES 0.00 0.00 0.00 0.00
TRANSFERS OUT 2551450200 0.00
TOTAL 2011 TAXABLE HOUSING BOND 25:514:5075F- 0,00 00,00GO 11:5111 56071�Ml
25 _4!5
so
.1 . Oil
SUCCESSOR AGENCY TO THE
LA QUINTA REDEVELOPMENT AGENCY
REVENUE SUMMARY
PROJECT AREA NO. 2,
LOW/MODERATE TAX FUND:
County of Riverside
Allocated Interest
Non Allocated Interest
Transfer In
TOTAL LOWIMOD TAX
2004 LOWIMODERATE BOND FUND:
Allocated Interest
Home Sale Proceeds
Non Allocated Interest
Transfer In
TOTAL LOW/MOD BOND
DEBT SERVICE FUND:
County of Riverside
Allocated Interest
Non Allocated Interest
Interest Advance Proceeds
Transfer In
TOTAL DEBT SERVICE
CAPITAL IMPROVEMENT FUND:
Allocated Interest
Non Allocated Interest
Misc Revenue
Sale of land
Transfers In
TOTAL CAPITAL IMPROVEMENT
2011 TAXABLE NON -HOUSING BOND FUND: (417)
Pooled Cash Allocated Interest
Non Allocated Interest
Developer Agreement Funding
Sale of Land Proceeds
Rental Income
Litigation Proceeds
Transfers In
TOTAL 2011 TAXABLE NON -HOUSING BOND
07101/2012 - 09130/2012
ADJUSTED REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
2,665,855,00
0,00
2,665,855.00
0,000%
0.00
1.81
(1.81)
0,000%
0.00
5&74
(58.74)
0.000%
0,00
0.00
0.00
0.000%
2,665,855.00
60.55
2,665,794.45 ----
&.0-00%.
0.00
0.00
0.00
0,000%
0.00
0.00
0.00
0,000%
0.00
862.87
(862.87)
0,000%
0,00
0.00
0.00
0.000%
0,00
862,87
�862.87�
0.000%
941.9,16.00
0.00
941.946,00
0.000%
0.00
0.00
0.00
0.000%
0.00
208,20
(208.20)
0,000%
0.00
0.00
000
0.000%
0,00
0,00
0,00
0000%
941,946.00
208.20
941,73780
0,020%
0.00
0.00
0.00
0.000%
19,500.00
8,798.55
10,701.45
45.120%
0.00
0.00
0.00
0.000%
0.00
0.00
0.00
0.000%
0.00
0.00
0.00
0.000%
19,500.00
8,798.55
10,701,45
45.120%
0.00
0,00
0.00
0,000%
0,00
407,00
(407.00)
0000%
0,00
0.00
0�00
0.000%
0,00
0.00
0.00
0000%
0�00
0.00
0.00
0.000%
TOO
0.00
0.00 ,
0.000%
0.00
0.00
0.00
0�000%
0.00
407.00
(407.00)
0�000%
012
SUCCESSOR AGENCY TO THE
ADJUSTED
9/3012012
REMAINING
LA QUINTA REDEVELOPMENT AGENCY
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
EXPENDITURE SUMMARY
PROJECT AREA NO. 2:
LOWIMODERATE TAX FUND:
SERVICES
0.00
0,00
000
0,00
BOND PRINCIPAL
623,700.00
623,700.00
0,00
0,00
BONDINTEREST
2,042,155.00
1,028,094.13
0.00
1,014,060.87
REIMBURSEMENT TO GEN FUNE
0.00
0,00
0.00
0�00
TRANSFERS OUT
13429736 00
11:
1
7
11&215132�014
TOTAL LOWIMOD TAX
16:090!�91 M
.4 g382TI Po'
!957 9
G�Ml
11
2004 LOW/MODERATE BOND FUND
HOUSING PROGRAMS 0,00 0.00 0.00 0.00
LAND 0.00 0,00 0.00 0,D)
TRANSFERS OUT 2,997,694,00 010 0.00 299769400
TOTAL LOWIMOD BOND 70TWO 5 m Um
DEBT SERVICE FUND:
SERVICES
om
0.00
0�00
0.00
BOND PRINCIPAL
175,000,00
175.000.00
0.00
)Ao
BONDINTEREST
757,646.00
381,086S8
0�00
376,559.12
TRANSFERS OUT
000
0,00
0�00
u
TOTAL DEBT SERVICE
3/6.500TOZ
CAPITAL IMPROVEMENT FUND:
SERVICES
0,00
0.130
ODD
0,00
CAPITAL
0.00
000
)ZO
0,00
REIMBURSEMENT TO GEN FUNE
0.00
0.00
0.00
0,00
2011 RDA 2 TAXABLE BOND FUND:(417)
SERVICES 0�00 0.00 0�00 0.00
ECONOMIC DEVELOPMENT 753,64900 668,518.50 0.00 85,130.50
TRANSFERS OUT 2,399,786.00 0.00 O.DO 2!431pl!glTUl 310
TOTAL RDA NO. 2 TAXABLE BOND 3,153,435.00 668.516.50 ... 2 0
o13
VA