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2013 01 15 SAAgendas and staff reports are now available on the City's web page: www.la-quinta.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, JANUARY 15, 2013 AT 4:00 P.M. Beginning Resolution No. SA 2013-001 CALL TO ORDER ROLL CALL: Agency Members: Evans, Franklin, Henderson, Osborne, Chairperson 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 i 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 1 . MINUTES OF JANUARY 2, 2013 001. CITY AS SUCCESSOR AGENCY TO RDA 1 JANUARY 15, 2013 CONSENT CALENDAR NOTE: Consent Calendar items are routine in nature and can be approved by one motion. 1 . DEMAND REGISTER DATED JANUARY 15, 2013 2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORTS DATED NOVEMBER 30, 2012 AND INVESTMENT SUMMARY REPORT FOR THE QUARTER ENDING DECEMBER 31, 2012 3. RECEIVE AND FILE TREASURER'S REPORT DATED NOVEMBER 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 February 5, 2013, commencing with closed session at 3:00 p.m. and open session at 4:00 p.m. at the City Hall 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 the La Quinta Cove Post Office at 51-321 Avenida Bermudas and at the Stater Brothers Supermarket at 78-630 Highway 111, on January 11, 2013. DATED: January 10, 2013 �n SUSAN MAYSELS, Agency Secretary Successor Agency to the La Quinta Redevelopment Agency '1 002 CITY AS SUCCESSOR AGENCY TO RDA 2 JANUARY 15, 2013 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. 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. ;1 �003 CITY AS SUCCESSOR AGENCY TO RDA 3 JANUARY 15', 2013 CITY / RA� HA / FA MEETING DATE: January 15, 2013 ITEM TITLE: Demand Register Dated January 15, 2013 RECOMMENDED ACTION: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: It is recommended the Successor Agency of the La Quinta Redevelopment Agency: Receive and File the Demand Register Dated January 15, 2013 of which $6,084.50 Represents Successor Agency Expenditures as detailed below: Vendor: Account #: Amount: Purpose: Rutan & Tucker 231-9001-702.32-01 $960.00 Retainer Rutan & Tucker 232-9002-702.32-01 $480.00 Retainer Rutan & Tucker 232-9002-702.32-01 $115.00 SA -Coral Mt DDA Rutan & Tucker 237-9001-702.32-01 $480.00 Retainer Rutan & Tucker 237-9001-702.32-01 $3,089.50 SA-AB26 Implementation Rutan & Tucker 238-9002-702.32-01 $960.00 Retainer 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. 004 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 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 IMPACT: None. BACKGROUND/ANALYSIS: None. ALTERNATIVES: None. Respectfully submitted, Robbeyn Sird, Finance Director A. , 005 7 4,1 ceit!t 4 4a 42"Itraj AGENDA CATEGORY: CITY/fi�A/FA MEETING DATE: January 15, 2013 BUSINESS SESSION: ITEM TITLE: Receive and File Transmittal of Revenue CONSENT CALENDAR: and Expenditure Report dated November 30, 2012 STUDY SESSION: and Investment Summary Report for the Quarter Ending December 31, 2012 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 and investment Summary Report for the Quarter Ending December 31, 2012. FISCAL IMPACT: None. BACKGROUND/ANALYSIS: Receive and File Transmittal of the November 30, and Expenditures for the Successor Agency to Agency and Investment Summary Report for the 2012. ALTERNATIVES: None. Respectfully submitted, 2012 Statements of Revenue the La Quinta Redevelopment Quarter Ending December 31, Robbeyn EWrd, Finance Director Attachments: 1. Revenue and Expenditures Report for November 30, 2012 2. Investment Summary Report for the Quarter Ending December 31, 2012 006 ADJUSTED 10131112 REMAINING SUCCESSOR AGENCY BUDGET EXPENDITURES ENCUMBERED BUDGET EXPENDITURE SUMMARY PR04ECT AREA NO, 1: 131,018 W 49,618 45 000 81.19955 SERVICES REIMBURSEMENT TO GEN FUND 307.461 �00 120,110.00 000 1?9,351.00 000 TRANSFERS OILIT 0.00 0,00 177,920.45 000 0.00 2W,550.55 TOTAL PA I - Ad -I PROJECT AREA NO. 2: 0.00 4,27000 000 (4,27000) SERVICES REIMBURSEMENT TO GEN FUND 151,43900 33� 100 00 coo B8.339,00 000 TRANSFERS OUT 000 0,00 6737000 000 09 0 TOTAL PA 2 - ACI.i TOTAL SUCCESSOR AGENCY - Aftil 000 �4 6ig 55 pRWECT AREA NO, 1: 5,40,961,00 4.355,00 0,00 5,495,606 00 SERVICES 000 000 000 a0l) BOND PRINCIPAL 000 0,00 000 000 BOND INTEREST 000 000 000 000 REIMBURSEMENT TO GEN FUND 000 000 15,400,00 TRANSFERS OUT is QO Go 4 355�00 ----TOO 5-51,00600 TOTAL PA 1 - Pmgra PROJECT AREA NO, 2: am 29,950 98 000 (29.95098) SERVICES BOND PRINCIPAL 000 000 0,00 000 BOND INTEREST 000 0,00 000 000 REIMBURSEMENT TO GEN FUND 000 coo 212,37600 TRANSFERS OUT 212,376,00 2995090 0,00 182.42502 TOTAL PA 2 - PragmM TOTAL SUCCESSOR AGENCY - Pr,,,IrS ---T4 W5 98 �—O005 693 43102 TOTAL SUCCESSOR AGENCY 663805-057 007 SUCCESSOR AGENCY TO THE 0710112012-1113012012 REMAINING % LA QUINTA REDEVELOPMENT AGENCY ADJUSTED BUDGET RECEIVED BUDGET RECEIVED REVENUE SUMMARY PROJECT AREA NO. 1, LOWIMODERATE TAX FUND: 6,22T.990.00 0.00 6,227,990 00 0.000% County of Riverside 0,00 0.46 (0.46) 0000% Nlocated Interest 0,00 1.054.19 (1,054,19) 0.000% Non Allocated Interest 0.00 165.26 1165,26) 0000% Miscellaneous revenue 0.00 000 0,00 0.000% Non Allocated Interest 000 1 432,94 1,432.9�4 0,000% Transfer In 6,227,990,00 652.85 6,225,337 15 0.040% TOTAL LOWIMOD TAX DEBT SERVICE FUND: 10,273,472 00 0.00 10,273,472.00 0.000% County of Riverside 0,00 000 0.00 0,000% Allocated Interest 0,00 260,76 (260,76) 0.000% Non Alocated Interest 0�00 0,00 000 0.000% Transfers In TOTAL DEBT SERVICE - CAPITAL IMPROVEMENT FUND 0�00 1.943,68 (1,943.68) 0.000% Pooled Cash Allocated Interest 15,400.00 5,241.60 10,158,40 34,G40% Non Allocated Interest 0,00 000 0.00 0.000% Developer Agreement Funding 0,00 0.00 0�00 0.000% Sale of Land Proceeds 0.00 0.00 0,00 0.000% Rental Income 0,00 0,00 0.00 0.000% Litigation Proceeds 0�00 0.00 000 0.000% Transfers In TOTAL CAPITAL IMPROVEMENT - zoll TAXABLE HOUSING BOND FUND: (249) 0.00 0.00 0,00 0,000% Pooled Cash Allocated Interest 10,000,00 9,90839 91.61 99,060% Non Allocated Interest 0,00 0,00 000 0.000% Developer Agreement Funding 0.00 0.00 0�00 0,000% Sale of Land Proceeds 000 0,00 0,00 0.000% Rental Income 0.00 0.00 0.00 0.000% Litigation Proceeds 0.00 0.00 000 0�000% Transfers In TOTAL 2011 TAXABLE HOUSING BOND - AWS, SUCCESSOR AGENCY TO THE I -A QUINTA REDEVELOPMENT AGENCY EXPENDITURE SUMMARY PROJECT AREA NO. 1: ADJUSTED 10131=12 REMAINING BUDGET EXPENDITURES ENCUMBERED BUDGET LOWNODERATE TAX FUND: 000 coo c 00 000 SERVICES 2,071,650 00 1.723.25) 00 000 �8.400 00 BOND PRINCIPAL 4,156,NQ 00 2,104,02163 0,00 2,052,318 37 BONDINTEREST 0,00 000 000 REIMBURSEMENT TO GEN FUND 0.00 461207347 000 100,17853 TRANSFERS OUT 4712,25200 8!439,345.10 000 2.500,696 90 TOTAL LOINNOD TAX 101940,242 00 _ DEBT SERVICE FUND� 16.600,00 0,00 0,00 16,600,00 SERVICES 3,765.000 00 3,3011,050 00 0,00 456.95000 BOND PRI NCIPAL 6,491,872 00 3,289,314 13 000 3,202.557 87 BOND INTEREST 0,00 000 000 000 TRANSFERS OUT TOTAL DEBT SERVICE 0 00-3 676 107 87 CAPITAL IMPROVEMENT FUND: 0.00 000 000 0.00 SERVICES 0,00 000 0,00 0�00 REIMBURSEMENT TO GEN FUND 25T294,00 0�00 9183778,00 TRANSFERS OUT TOTAL CAPITAL IMPROVEMENT— 9 209.072,00 920907200 _�46, 2 1,01 _9, 183,778 00 2011 TAXABLE HOUSING BOND(249) 0 N 000 0,00 0,00 SERVICES 25.514,502 00 TRANSFERS OUT 25,514,502,00 000 000 TOTAL 2011 TAXABLE HOUSING SON m SUCCESSOR AGENCY TO THE 0710112012 - 1113012012 REMAINING % LA QUINTA REDEVELOPMENT AGENCY ADJUSTED RECEIVED BUDGET RECEIVED REVENUE SUMMARY BUDGET PROJECT AREA NO. 2: LOWIMODERATE TAX FUND: 2,665,855,00 0,00 2,665,855.00 0.000% County of Riverside 0.00 1.81 (1 �81) 0000% Allocated Interest 0,00 6092 (60.92) 0.000% Non Allocated Interest 0.00 10 705.78) 0,000% Transfer In 2,665,855.00 ENN, 2 665 ONA9 0,030% TOTAL LOWIMOD TAX 2004 LOWIMODERATE BOND FUND: 0.00 0.00 0,00 0.000% Nlocated Interest 0.00 0.00 0.00 0.000% Home Sale Proceeds 0.00 1,387.25 (1,387.25) 0L00% Non AjIocated Interest 0,00 0�00 000 0.000% Transfer In TOTAL LOWIMOD BOND DEBT SERVICE FUND: 941,946,00 0,00 941,94600 0.000% County of Riverside 0.00 0.00 OLO 0,000% Allocated Interest 0.00 1,119.80 (ij ig 80) 0.000% Non Allocated Interest 0.00 0.00 0,00 0,000% interest Advance Proceeds 0.00 0.00 000 0.000% Transfer In TOTAL DEBT SERVICE - - CAPITAL IMPROVEMENT FUND: 000 0.00 0.00 0.000% Allocated Interest 19,500.00 8,798.55 10,701.45 45.120% Non Allocated Interest 0,00 0,00 0.00 0.000% Misc Revenue 0.00 0.00 0.00 0,000% Sale of lend O.DO 000 0,00 0.000% Transfers In 19,500.00 8,798.55 TOTAL CAPITAL IMPROVEMENT 2011 TAXABLE NON -HOUSING BOND FUND: (417) 0.00 000 0.000% Pooled Cash Nlocated Interest 0.00 0,00 (156.00) 156.00 0.000% Non Allocated Interest 0.00 0.00 0.00 0.000% Developer Agreement Funding 0�00 0�00 0.(10 0000% Sale of Land Proceeds 0,00 0.00 0.00 0,000% Rental Income 0.00 0.00 0�00 0,000% Litigation Proceeds 0�00 0.00 000 0.000% Transfem In TOTAL 2011 TAXABLE NON-HOUS114G BOND 010 SUCCESSOR AGENCY TO THE LA QUINTA REDEVELOPMENT AGENCY EXPENDITURE SUMMARY PROJECT AREA NO. 2: AD,JUSTED 10alMO12 REMAINING BUDGET EXPENDITURES ENCUMBERED BUDGET LOW)MODERATE TAX FUND: coo 000 0,00 0�00 SERVICES BOND PRINCIPAL 623,700 00 623,70000 000 0,00 000 1,014,060 07 BONDINTEREST 2,042,155,00 1,028,094 13 0.00 000 0,00 REIMBURSEMENT TO GEN FUND 000 13,429.7NDC 13.329.563 03 — G 00 100,1 72D7 TRANSFERS OUT TOTA� LOWSOD TAX 095 59100 14 Ni 357 16 — — (Too 1-11423384 2004 LOWIMODERATE BOND FUND 0,00 0,00 0,00 000 HOUSING PROGRAMS 000 000 000 LAND 000 TRANSFERS OUT 2,997,694 00 000 2,953,4018 1 .11 I�A 113 TOTAL LOANOO BOND 2 997 6� 00 DEBT SERVICE FUND: 000 000 000 000 SERVICES 175,000,00 175,000,00 000 0,00 BOND PRINCIPAL 757,64600 381.08688 0.00 376.559,12 BONDINTEREST 000 000 000 TRANSFERS OUT TOTAL DEBT SERVICE 000 932,64600 5505.0M 88 000 37655912 CAPITAL IMPROVEMENT FUND: 0,00 000 0.00 000 SERVICES coo 000 000 0�00 CAPITAL 000 000 000 coo REIMBURSEMENT TO GEN FUND 879855 000 10,701.45 TRANSFERS OUT 19,50000 �ou 701 45 TOTAL CAPITAL IMPROVEMENT 19.500 00 _1,793.15 2011 RDA 2 TAXABLE BOND FUND:1417) mo 000 0,00 Goo SERVICES 711,855.41 000 41,79359 ECONOMIC DEVELOPMENT 753,649.00 0,00 000 2,3N,786.00 TRANSFERS OUT 2,30.7M 00 .----000 2-441 57959 TOTAL RDA NO. 2 TAXABLE BONEF 3 1-53 CIS 00 711.855.41 Oil 0710112012 - 1113012012 ADJUSTED REMAINING % SUCCESSOR AGENCY RECEIVED REVENUE SUMMARY BUDGET RECEIVED BUDGET PROJECT AREA NO. I Admin (237) 476,656.00 000 476,656,00 0.000% County of Riverside 000 0.00 0.00 0.000% Pooled Cash Allocated Interest 0.00 0.00 0,00 0000% Non AJIocated Interest 15,400.00 0�00 15,400.00 --i9-2056 0.000% Transfers In 492,056,00 u.uu .00 0�00u% TOTAL PA 1 PROJECT AREA NO. 2 Admin (238) 323,939�00 0.00 323.939.00 0.000% County of Riverside 0.00 0.00 0,00 0000% Pooled Cash Allocated Interest 0.00 0�00 0,00 0,000% NmAllocated)nterest 19500.00 1950000 0,000% Transfers In 343,439,00 o.u. 343,439�00 0000% TOTAL PA 2 835,495.00 V... 835,49500 0000% TOTAL SUCCESSOR AGENCY - ADMIN PROJECT AREA NO. 1 Project (2311) 000 0,00 000 0.000% County of Riverside 0.00 2,588.76 (2,588,76) 0�000% Pooled Cash Allocated Interest 0,00 0,00 0,00 0,000% Non Allocated Interest 15,400.00 22'59B.00 7 i9fl.OM 146.740% Transfers In TOTAL PA I PROJECT AREA NO. 2 Project (232) 192,876�00 0,00 192,876.00 0.000% County of Rivemide 0.00 0.00 0�00 0000% Pooled Cash Allocated)nferest 0,00 000 0,00 0.000% Non Allocated Interest 19,500,00 879855 10,701 45 45120% Transfers In 212.376.00 203,577,45 4,140% TOTAL PA 2 TOTAL SUCCESSOR AGENCY - PROGRAM 227,776�00 193,790,69 14,920% 1,063,271.00 4i'vo..41 1,029,285,69 3,200%_ TOTAL SUCCESSOR AGENCY 012 0 E E cli m 0 m 0 M. Cl! 0�� mm O�om dmm� � M m C4 m N �vl C6 m q C� CL S2 4� 40 M 0 oo� � 0 q CL 0 .6 oi 0- m q B��Zzzzzzzz 0 0 0 0 0 0 0 mm�2222 0 0 0 0 0 0 0 0 < <<< 0 <'<< . . . . . . . . . . . . -3 D Zi D 75 0 E I u m 0, 0 M o E E o >m E 0 E E >0. Z z- cc 5 E U.6 0 E cm E 2 E o tz. C 0 � E E 'E 0 3 2 0 W.-M E 0 0 0 E 0 0 U > I a < 2�z 0 013 AGENDA CATEGORY: COUNCIL/��A MEETING DATE: January 15, 2013 BUSINESS SESSION: ITEM TITLE: Receive and File Transmittal of CONSENT CALENDAR: 3 Treasurer's Reports as of November 30, 2012 STUDY SESSION: PUBLIC HEARING: RECOMMENDED ACTION: It is recommended the Successor Agency to the La Quinta Redevelopment Agency Board: Receive and Me. PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA 014