2013 03 19 SAAgendas and staff reports are now
available on the City's web page:
www.la-guinta.o
SUCCESSOR AGENCY
To The La Quinta Redevelopment Agency
AGENDA
CITY HALL COUNCIL CHAMBERS
78-495 Calle Tampico, La Quinta
REGULAR MEETING on TUESDAY, MARCH 19, 2013 AT 4:00 P.M.
CALL TO ORDER
ROLL CALL:
Agency Members: Evans, Franklin, Henderson, Osborne, Chairperson Adolph
CLOSED SESSION
PUBLIC COMMENT
At this time, members of the public may address the Successor Agency 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
PRESENTATIONS — None
WRITTEN COMMUNICATIONS — None
APPROVAL OF MINUTES
1 . MINUTES OF MARCH 5, 2013
CONSENT CALENDAR
1 . DEMAND REGISTER DATED MARCH 19, 2013
2. TREASURER'S REPORT DATED JANUARY 31, 2013
3. REVENUE AND EXPENDITURE REPORT DATED JANUARY 31, 2013
DEPARTMENT REPORTS — None
SUCCESSOR AGENCY TO RDA AGENDA
*4 001
MARCH 19, 2013
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 April 2, 2013 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 near the entrance to the Council Chambers 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 March 15,
2013.
DATED: March 15, 2013
51�
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.
• 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 I 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.
SUCCESSOR AGENCY TO RDA AGENDA 2 MARCH 19,%X.�3 002
T.,df 4 4 a"
CITY / KA� HA / FA MEETING DATE: March 19, 2013
ITEM TITLE: Demand Register Dated March 19, 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 March 19, 2013 of which $7,373.01 represents Successor
Agency expenditures as detailed below:
Vendor:
Rutan & Tucker
Rutan & Tucker
Rutan & Tucker
EXECUTIVE SUMMARY:
None.
FISCAL IMPACT:
None.
Account#:
Amount:
Purpose:
237-9001-702.32-01
$2,880.00
Retainer
237-9001-702.32-01
$1,466.01
SA -Coral Mt. DDA
237-9001-702.32-01
$3,027.00
SA- AB 26
IMPLEMENTATION
BACKGROUND/ANALYSIS:
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
It. 003
shall continue to make payments required pursuant to an adopted enforceable obligations
payment schedule. For the current reporting period, there are no expenditures to report.
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.
ALTERNATIVES:
None.
Respectfully submitted,
e4A�
Robbeyn gird, Finance Director
.10. 004
cewyll 4 664P Quiftrau
COUNCIL/��A/HA MEETING DATE: March 19, 2013
ITEM TITLE: Receive and File Transmittal of Treasurer's
Reports as of January 31, 2013
RECOMMENDED ACTION:
AGENDA CATEGORY:
BUSINESS SESSION:
CONSENT CALENDAR:
STUDY SESSION:
PUBLIC HEARING:
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
:4-0 . 005
4P
C'F
AGENDA CATEGORY:
CITY/SA/HA/FA MEETING DATE: March 19, 2013 BUSINESS SESSION:
ITEM TITLE: Receive and File Revenues and CONSENT CALENDAR:
Expenditures Report dated January 31, 2013 -
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 January 31, 2013.
FISCAL IMPACT:
None.
BACKGROUND/ANALYSIS:
Receive and File Transmittal of the January 31, 2013 Statements of Revenues and
Expenditures for the Successor Agency to the La Quinta Redevelopment Agency.
ALTERNATIVES:
None.
Respectfully submitted,
6"�� & . 4,
Robbeyn gird, Finance Director
Attachment: 1. Revenues and Expenditures Report for January 31, 2013
006
SUCCESSOR AGENCY TO THE
07/0112012 - 01/3112013
LA QUINTA REDEVELOPMENT AGENCY
ADJUSTED
REMAINING
%
REVENUE SUMMARY
BUDGET
RECEIVED
BUDGET
RECEIVED
PROJECT AREA NO. 1:
LOWIMODERATE TAX FUND:
County of Riverside
6,227,990.00
0,00
6,227,990,00
0.000%
Allocated Interest
0,00
1.90
(im)
0,000%
Non Allocated Interest
0,00
1,412.79
(1,412,79)
0,000%
Miscellaneous revenue
000
165,26
(165.26)
0.000%
Non Allocated Interest
0.00
0.00
0,00
0.000%
Transfer In
0.00
1,432,94
(1,432,94)
0�000%
TOTAL LOWIMOD TAX
6,227,990,00
3,012,89
6,224,977,11
0,050%
DEBT SERVICE FUND:
County of Riverside
10,273,472�00
0,00
10,273,472,00
0.000%
Allocated Interest
000
0.00
0,00
0,000%
Non Allocated Interest
0.00
260.76
(260.76)
0.000%
Transfers In
0.00
0.00
0,00
0.000%
TOTAL DEBT SERVICE
10,273,472.00
===__Z60 76
10,273,211,24
0�000%
CAPITAL IMPROVEMENT FUND
Pooled Cash Allocated Interest
0.00
1,94368
(1,94368)
0,000%
Non Allocated Interest
15,40000
6,781.75
8,618.25
44.040%
Developer Agreement Funding
0,00
0.00
0.00
0.000%
Sale of Land Proceeds
0.00
(J00
0,00
0�000%
Rental Income
0.00
0�00
0.00
0.000%
Litigation Proceeds
0,00
0,00
0.00
0.000%
Transfers In
0,00
0.00
0.00
0000%
TOTAL CAPITAL IMPROVEMENT
15,400.00
2011 TAXABLE HOUSING BOND FUND: (249)
Pooled Cash Allocated Interest
0.00
0.00
0,00
0.000%
Non Allocated Interest
10,000�00
14,66009
(4,66009)
146.600%
Developer Agreement Funding
0,00
000
000
0�000%
Sale of Land Proceeds
0,00
0.00
0.00
0.000%
Rental Income
000
0.00
0.00
0.000%
Litigation Proceeds
0.00
0,00
0.00
0.000%
Transfers In
0.00
0,00
0�00
0.000%
TOTAL 2011 TAXABLE HOUSING BOND
.660.09)
146S00%
..R , 007
SUCCESSOR AGENCY TO THE
LA QUINTA REDEVELOPMENT AGENCY
REVENUE SUMMARY
PROJECT AREA NO. 2:
LOWIMODERATE 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 LOWIMOD 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 - 0113112013
ADJUSTED REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
Z665.85&00
0.00
2,665.855.00
0.000%
000
10.59
(10,59)
0000%
000
60.94
(60,94)
0.000%
0,00
705.78
(705.78)
0.000%
2,665,855.00
777.31
Z665,07T69
0.030%
0�00
0.00
000
0.000%
0.00
0.00
0�00
0.000%
0,00
1,919.64
(1,919.64)
0.000%
0.00
0.00
0�00
0.000%
0.00
1,919.64
(1,919,64)
0.000%
941,946,00
0.00
941,946.00
0,000%
0,00
0.00
0,00
0.000%
0,00
1,219,26
(1,219.26)
0,000%
0.00
000
000
0.000%
0.00
000
0�00
0,000%
941,94&00
1,219,26
940,726.74
0130%
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%
000
0.00
000
0.000%
19,500,00
8,798.55
10,701.45
45.120%
0�00
0,00
0.00
0.000%
0,00
221.00
(221.00)
0.000%
0.00
0.00
0.00
0.000%
0.00
0.00
0,00
0.000%
0.00
0,00
0.00
(Y000%
0.00
0,00
000
0.000%
0,00
0,00
0,00
0,000%
0,00
221.00
(221.00)
0.000%
.. A:- 008
SUCCESSOR AGENCY 0710112012 - 0113112013
REVENUE SUMMARY ADJUSTED REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
PROJECT AREA NO. 1 Admin (237)
County of Riverside
Pooled Cash Allocated Interest
476,656�00
205,061,00
271,59500
43.020%
Non Allocated Interest
000
0,00
0.00
0.000%
Transfers In
0,00
0.00
0.00
0.000%
TOTAL PA 1
15.400�00
0.00
15,400,00
0.000%
492,056,00
205,061.00
Zdb�995.00
41.670%
PROJECT AREA NO. 2 Admin (238)
County of Riverside
323,939.00
0,00
323,93900
0,000%
Pooled Cash Allocated Interest
000
0.00
Non Allocated Interest
0,00
0.000%
Transfers In
0.00
0.00
0.00
0,000%
TOTAL PA 2
19,500.00
0,00
19,500m
0.000%
343,439�00
0,00
343,439,00
0,000%
TOTAL SUCCESSOR AGENCY - ADM IN
835,49500
205,061.00
630,43400
24�540%
PROJECT AREA NO. I Project (231)
County of Riverside
000
6,734,968.00
(6,734,968.00)
0.000%
Pooled Cash AJIocated Interest
000
13,21518
(13,215,18)
0.000%
Non Allocated Interest
0,00
1,236,86
(1,23686)
0000%
Transfers In
15,40000
22,598,00
(7.198.00)
146,740%
TOTAL PA I
15,400,00
6,172,018,04
(6,756,618.04)
43974.140%
PROJECT AREA NO. 2 Project (232)
County of Riverside
192,876,00
0�00
192,876=
0000%
Pooled Cash Alocated Interest
0.00
0,00
0,00
0=0%
Non Allocated Interest
0,00
8.798,55
(8.798,55)
0.000%
Transfers In
19,500,00
8,798,55
10,701A5
45.120%
TOTAL PA 2
212,376.00
17,597 10
194,77890
&290%
TOTAL SUCCESSOR AGENCY - PROGRAM
227,776,00
6�789,615A4
(6,561,839.14)
2980.830%
TOTAL SUCCESSOR AGENCY
1,063,271,00
6,994.676,14
(5,931,405,14)
65T850%
�"if 009
SUCCESSOR AGENCY TO THE ADJUSTED 1/3112013 REMAINING
LA QUINTA REDEVELOPMENT AGENCY BUDGET EXPENDITURES ENCUMBERED BUDGET
EXPENDITURE SUMMARY
PROJECT AREA NO. 1:
LOWIMODERATE TAX FUND:
SERVICES
)DO
000
000
0,00
BOND PRINI
2,071,650 00
1,723,250 00
000
34840000
SONDINTEREST
4.1 M.340 00
2,104,021,63
coo
2,052,318 37
REIMBURSEMENT TO GEN FUND
000
0,00
000
000
TRANSFERS OUT
4,712,252,00
4,612,073 47
202,02
Ll 111.153
TOTAL LVWIMUO TAX
U
DEBT SERVICE FUND:
SERVICES
16,60000
000
000
16,60000
BOND PRINCIPAL
3,765.000 00
3,308,050 00
000
45695000
BONDINTEREST
6,491,872 00
3289314 13
000
3,202,557 87
TRANSFERS OUT
000
coo
0,00
0,00
TOTAL DEBT SERVICE
10,273,472 00
6597364 13
000
3,676,107 87
CAPITAL IMPROVEMENT FUND:
SERVICES 000 coo 000 000
REIMBURSEMENT TO GEN FUND 000 000 0,00 000
TRANSFERS OUT 9,209,072.00 25,35850 000 9,183,713 50
TOTAL CAPITAL IMPROVEMENT 9,209,072.00 2535850 000 9 183.713,50
2011 TAXABLE HOUSING BOND(249)
SERVICES 000 000 0.00 000
TRANSFERS OUT 25,514,502 00 000 0.00 25,514,502 00
TOTAL 2011 TAXABLE HOUSING BOND 25,514.502 00 000 000 25.514,502,00
. S. 010
SUCCESSOR AGENCY TO THE
LA QUINTA REDEVELOPMENT AGENCY
EXPENDITURE SUMMARY
PROJECT AREA NO. 2
ADJUSTED 1/3112013 REMAINING
BUDGET EXPENDITURES ENCUMBERED BUDGET
LOWIMODERATE TAX FUND:
SERVICES
000
000
000
000
BOND PRINCIPAL
623,70000
623.70000
000
000
BONDINTEREST
2.042.155 00
1,023,094 13
000
1 014,06087
REIMBURSEMENT TO GEN FUND
000
000
000
0,00
TRANSFERS OUT
13.429,736,00
13,329,563 03
Too
100,17297
TOTAL LOWNOD TAX
1,11423384
2004 LOWNODERATE BOND FUND
HOUSING PROGRAMS
000
000
000
0�00
LAND
000
000
000
000
TRANSFERS OUT
2,997,694 02
2
0.00
2,825,803 30
TOTAL LOwimuu UUND
2,9976940 0
,1:51�22
47.
0�00
2,825,803 W_
DEBT SERVICE FUNM
SERVICES
000
000
000
000
BOND PRINCIPAL
17500000
175,00000
0,00
0,00
BOND INTEREST
757,646,00
381.08688
000
376.559,12
TRANSFERS OUT
0,00
000
000
000
TOTAL DEBT SERVICE
932.64600
556,08688
000
376.559T
CAPITAL IMPROVEMENT FUND
SERVICES
0�00
000
000
0�00
CAPITAL
000
000
0,00
0.00
REIMBURSEMENT TO GEN FUND
000
coo
000
000
TRANSFERS OUT
19,50000
8,798,55
121
19
TOTAL CAPITAL IMPROVEMENT-1
9,500 00
8,79855
12
0!% �4,5
20 11 RDA 2 TAXABLE BOND FUND:(417)
SERVICES
000
000
000
000
ECONOMIC DEVELOPMENT
753,"9,00
753648,91
0,00
009
TRANSFERS OUT
2,30,78600
000
000
2,399,786 00
TOTAL RDA NO. 2 TAXABLE BOND
3,153 435,00
753,64&91
0,00
2,399,786 09
Oil
SUCCESSOR AGENCY ADJUSTED 0111113 REMAINING
EXPENDITURE SUMMARY BUDGET EXPENDITURES ENCUMBERED BUDGET
PROJECT AREA NO. I
PROJECT AREA NO. 2:
PROJECT AREA NO. I
PROJECT AREA NO. 2:
SERVICES 251,495 00 89.816,11 000 161,67889
REIMBURSEMENT TO GEN FUND 458,900.00 255,07400 000 203.82600
TRANSFERS OUT TOTAL PA I - Ad.M coo 000 - 0,00
365.50489
SERVICES
000
coo
000
000
REIMBURSEMENT TO GEN FUND
0.00
1262000
000
(12,62000)
TRANSFERS OUT
000
000
000
0,00
TOTAL VA Z - Aamin
000
12,62000 :�:�
�00(12 620 00)
TOTAL SUCCESSOR AGENCY - Aftl
710.395.00
357.510,11
0�00
352.88489
SERVICES
5.499,951 00
41,800 14
0.00
5,458,160 86
BOND PRINCIPAL
000
coo
0,00
000
BONDINTEREST
000
0�00
000
0,00
REIMBURSEMENT TO GEN FUND
000
000
000
000
TRANSFERS OUT
22777600
000
000
TOTAL PA I � PrOgMM
5727,73700
41,800 14
�20�
SERVICES
0�00
000
coo
000
BOND PRINCIPAL
BOND INTEREST
000
000
000
000
REIMBURSEMENT TO GEN FUND
000
0,00
0,00
000
TRANSFERS OUT
000
TOTAL PA Z - FrOgMM
0.00
.251.2
612005
50,5002
TOTAL SUCCESSOR AG ENCY - Pro,mm
5,727.737 00
41.800A4
000
505,936,86
TOTAL SUCCESSOR AGENCY 6,438,132,00 399,31025 000 6,038,821 75
"it' 012
Expenditures
ADJUSTED
1/3112013
REMAINING
BUDGET
EXPENDITURES
ENCUMBERED
BUDGET
Gnand TOTAL
275,164,715 00
109,581.6% 91
18,56080
165,564.467 29
000
City
35,764,Ul 00
14,851.838 44
16,560SO
20,896,441,76
Other Funds
126,966,438 00
36,381,356 46
2.00000
90,583,081.54
Financing Authority
678,130.00
583,489.25
000
94,64075
Housing Authonly
26,181,020 00
25831 84258
000
349,177.42
Successor Agency
6.438.132 00
39931025
000
6,038,821 75
Sacress.r Agency 1
55,937.288 00
15.062.067,73
0,00
40 875.220 27
Successor Agency 2
23,198.866 00
16,471,782 20
000
6.727.083 80
Total
275.164,715 00
109,581,686 91
18.560,80
165 564.467 29
Total Per GAL
Variance 275j64,715,00 109.581.686,91 18.56080 165,564�467 29