2013 04 16 SATjht 4
Agendas and staff reports are now
available on the City's web page:
I www.la-guinto.org
SUCCESSOR AGENCY
To The La Quinta Redevelopment Agency
AGENDA
CITY HALL COUNCIL CHAMBERS
78-495 Calle Tampico, La Quinta
REGULAR MEETING ON TUESDAY, APRIL 16, 2013 AT 4:00 P.M.
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 Successor Agency on any matter not
listed on the agenda. Please complete a "request to speak" form and limit your commen
to three minutes. The Successor Agency 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).
CONFIWATION OF AGENDA
- NONE
WRITTEN COMMUNICATIONS - NONE
APPROVAL OF MINUTES
1 . MINUTES OF APRIL 2, 2013
SUCCESSOR AGENCY TO RDA AGENDA 1 APRIL 16, 2013
CONSENT CALENDAR
NOTE: Consent Calendar items are routine in nature and can be approved by one motion.
1 . DEMAND REGISTER DATED APRIL 16, 2013
2. TREASURER'S REPORT DATED FEBRUARY 28, 2013
3. REVENUE AND EXPENDITURE REPORT FOR FEBRUARY 28, 2013, AND
INVESTMENT SUMMARY REPORT FOR QUARTER ENDING MARCH 31,
2013
DEPARTMENT REPORTS - NONE
- 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 May 7, 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 April 11,
2013.
DATED: April 11, 2013
15� k�
SUSAN MAYSELS, A ency Secretary
Successor Agency to the
La Quinta Redevelopment Agency
002
SUCCESSOR AGENCY TO RDA AGENDA 2 APRfL 16, 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.
0 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.
0 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 Quints,
California, 92253, during normal business hours.
0
SUCCESSOR AGENCY TO RDA AGENDA 3 APRIL 16, 2013
Taf 4 4 4"Irej
CITY / KA� HA / FA MEETING DATE: April 16, 2013
ITEM TITLE: Demand Register Dated April 16, 2013
RECOMMENDED ACTION:
AGENDA CATEGORY:
BUSINESS SESSION:
CONS ENT CALENDAR: A -
STUDY SESSION:
PUBLIC HEARING:
It is recommended the Successor Agency of the La Quinta Redevelopment Agency receive and
file the demand register dated April 16, 2013. There are no expenditures to report.
EXECUTIVE SUMMARY:
None.
FISCAL IMPACT:
None.
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
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
ABX1126, 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.
0 0 4
ALTERNATIVES:
None.
Respectfully submitted,
d
Robbeyn eird, Finance Director
Awn 005
(00
OF
AGENDA CATEGORY:
COUNCILJMMA/HA MEETING DATE: April 16, 2013 BUSINESS SESSION:
ITEM TITLE: Receive and File Transmittal of Treasurer's CONSENT CALENDAR: 2-
Report as of February 28, 2013
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
006
AGENDA CATEGORY:
CITY/SA/HA/FA MEETING DATE: April 16, 2013 BUSINESS SESSION:
ITEM TITLE: Receive and File Revenues and
Expenditures Report dated February 28, 2013 and
Investment Summary Report for the Quarter
Ending March 31, 2013
RECOMMENDED ACTION:
Receive and File. -
EXECUTIVE SUMMARY:
CONSENT CALENDAR: 5
STUDY SESSION:
PUBLIC HEARING:
Monthly and year-to-date revenues and expenditures of the Successor Agency to the
La Quinta Redevelopment Agency dated February 28, 2013 and Investment Summary
Report for the Quarter Ending March 31, 2013.
FISCAL IMPACT:
None.
BACKGROUND/ANALYSIS:
Receive and File Transmittal of the February 28, 2013 Statements of Revenues and
Expenditures for the Successor Agency to the La Quinta Redevelopment Agency and
Investment Summary Report for the Quarter Ending March 31, 2013.
ALTERNATIVES:
None.
Respectfully submitted,
Robbeyrf)Bird, Finance Director
Attachments: 1. Revenues and Expenditures Report for February 28, 2013
2. Investment Summary Report for the Quarter Ending March
31,2013
Ae.. - 0 0 7
-Jw1-1-A1L,-rFmLWT-T-
SUCCESSOR AGENCY
REVENUE SUMMARY
PROJECT AREA NO. I Admin (237)
County of Mveralde
Pooled Cash Allocated Interest
Non Allocated Interest
Transfers In
TOTAL PA I
PROJECT AREA NO. 2 Admin (2W)
County of Riverside
Pooled C;ash Nlocated Interest
Non Allocated Interest
Transfers In
TOTAL PA 2
TOTAL SUCCESSOR AGENCY - ADMIN
PROJECT AREA NO. I Project (231)
County of Rivemlde
Pooled Cash Allocated Interest
Non Allocated Interest
Transfers In
TOTAL PA I
PROJECT AREA NO. 2 Project (232)
rounty, of Riverside
Pooled Cash Niocated Interest
Non Allocated Interest
Transfers In
TOTAL PA 2
TOTAL SUCCESSOR AGENCY - PROGRAM
TOTAL SUCCESSOR AGENCY
07101112012 - 02MMill
ADJUSTED REMAINING %
BUDGET RECEIVED BUDGET RECEIVED
476,656.00
205.061.00
271,595.00
43.020%
0.00
0.00
0.00
0.000%
0.00
0.00
0.00
0.030%
15,400.00
0.00
15,400.00
0.000%
492,056.00
205.061.00
286,995.00
41.670%
323,939.00
0.00
323,939.00
0.000%
0.00
0.00
0.00
0.000%
0.00
0.00
0.00
0.000%
19,500.00
0.00
19,500.1))
0.000%
343,439.00
0.00
343,439.00
0.000%
835,495.00 2D5,GBI.00 630.434.00 24.540%
0.00 6,734,968.00 (6.734,968.00) 0.000%
0.00 13,215.18 (13,215.18) 0.000%
0.00 1,236.86 (1,236.86) 0.000%
192,876.00
0.00
192.876.00
0.000%
0.00
0.00
0.00
0.000%
0.00
8,798.55
(8,798.55)
0.000%
19,500.00
8,798.55
10,701.45
45.120%
212,376.00
17,597.10
194,778.90
8.290%
227,776.00 6,769,615.14 (6,561,a39.14) 2980.830%
1,063,271.00 6.9M.676.14 (5.931,405.14) 957.850%
008
SUCCESSOR AGENCY AD.IUSTED OM13 REMAINING
EXPENDITURE SUMMARY BUDGET EWENDITURES ENCUMBERED, BUDGET
PROJECT AREA NO. 1:
PROJECT AREA NO. 2:
PROJECT AREA NO. I.:
PROJECTAREANO.2;
SERVICES 251.495.00 ag,816.11 000 161,678,89
REIMSURSEVIENT TO GEN FUND �.Wom W6.M.00 OM 152.964�w
TRANSFERS OUT . 0�2 0 1 o.W Goo
TOTAL PA I - AdmIllT10 395 00 395.79T-11 0.00 314. 2,89
SERVICES
o.w
OM
OM
0M
REIMBURSEMENT TO GEN FUND
om
0M
0�00
o.w
TRANSFERS OUT
0.02
2w
0,00
O.m
TOTAL PA 2 - �n
0.0 0
0 6U
o.W
0 w
TOTAL SUCCESSOR AGENCY - ASWn
710,395 55—
395,7W,11
_0 m
314.-WS9
SERVICES
5.499,961,00
41,830,14
000
5,458.160,86
BOND PRINCIPAL
0.0
000
OM
om
BOND INTEREST
o.m
0,00
O.OD
DO
REIMBURSEMENT TO GEN FUND
D.00
O'N
o.w
coo
TRANSFERS OUT
7'
Ho
02
2 0
=7 776 00
TOTAL PA I - Progm.
5.12;!Z7
41.56M4
0 bl'o
5,W5SMA6
SERVICES
0.00
0.00
o.w
0.00
BONDPRINCIPX-
SONDINTEREST
om
o.w
am
OM
REIMBURSEMEWTO GEN FUND
o,W
OM
OM
om
TRANSFERS OUT
o.m
0.00
0,00
D.00
TOTAL PA Z - FMWIlM
0.00
om -------
cm-0
00
TOTAL SUCCESSOR AGENCY - Prog�
5.727.73TW
4100.14
&
TOTAL SUCCESSOR AGENCY 437,552.25 6-00057975
*009
SUCCESSOR AGENCY TO THE
0711111r2012 - 02128M13
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
(1.90)
0.000%
Non Allocated Interest
0.00
1,609.66
(1,609.66)
0.000%
Miscellaneous revenue
0.00
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
3,209.76
6,224,780.24
0.050%
DEBT SERVICE FUND:
County of Riverside
10,273,472.00
0.00
10,273,472.00
0.000%
Allocated Interest
0.00
0.00
0.00
0.000%
Non Allocated Interest
0.00
260.76
(280.76)
0.000%
Transfers In
0.00
0.00
0.00
0.000%
TOTAL DEBT SERVICE
10,273.472.00
250.76
10,273,211.24
0.000%
CAPITAL IMPROVEMENT FUND
Pooled Cash AJIocated I nterest
0.00
1.943.68
(1,943.68)
0.000%
Non Allocated Interest
15,400.00
7.478.09
7,921.91
48.560%
Developer Agreement Funding
0.00
0.00
0.00
0.000%
Sale of Land Proceeds
0.00
0.00
0.00
0.000%
Rental Incorne
0.00
0.00
0.00
0.000%
Lifigartim Proceeds
0.00
0.00
0.00
0.000%
Transfers In
0.00
0.00
0.00
0.000%
TOTAL CAPITAL IMPROVEMENT
15,400.00
9,421.77
5,978.23
61.180%
2011 TAXABLE HOUSING BOND FUND: (249)
Pooled Cash Allocated Interest
0.00
0.00
0.00
0.000%
Non Allocated Interest
10,000.00
16,795.42
(6,795.42)
167.950%
DeveloperAgreement 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.(XX)%
Litigation Proceeds
0.00
0.00
0.00
0.000%
Transfers In
0.00
0.00
0.00
0.000%
TOTAL 2011 TAXABLE 14OUSING BOND
10,000m
16.795.42
(6.795.42)
167.950%
SUCCESSOR AGENCY TO THE
LA QUtNTA REDEVELOPMENT AGENCY
EXPENDITURE SUMMARY
PROJECT AREA NO. 1:
ADJUSTED �013 REMAINING
BUDGET EYIPENDITURES ENCUMBERED BUDGET
LOWINIODERATE TAX FUND:
SERVICES
o.w
0�w
0,00
O.W
BOND PRINCIPAL
2.071.65D.W
1.723.2M.W
om
ms.�.w
BOND INTEREST
4.156.UO.W
2,1",0210
0.00
2.052.318.37
REIMBURSEMENT TO GEN FUND
o.m
0,00
0.00
0.00
TRANSFERS OUT
4,71225222
4 6yll:1313 V
0.00
100,178.M
TOTAL LOWIMCID TAX
lo.W.ZQ. 0.
0.00
2,W0,SW.90
DERTSERVICEFUND:
SERVICES
16.W.00
D.W
o.w
16AW.W
BOND PRINCIPAL
3,765,000,00
3.WS.05DD0
om
BONDINTEREST
6,49l.a72.00
3�289.314.13
0.00
3,202.557,87
TRANSFERS OUT
0.00
0.00
0.00
0.00
10,273,472.W
6.597.�,13
o.w
3.676.107B7
CAPITAL IMPROVEMENT FUND:
SEWCES 0.00 o.w Dw 0.00
REIMBURSEMENT TO GEN FUND 0.00 om am 0.00
TRANSFERS OUT 9,2N,072.20 0.0 9.lM,713.W
TOTAL CAPITAL IMPROVEMENT 9,209,072.05 NICE D.W 9.1821.713.50
2011 TAXABLE HOUSING BOR11)(20H
SERVICES 0.00 0.00 0.00 0.00
TRANSFERS OUT 25,514,502.22 2 -, 2 ' 2 j!WW2
TOTAL 2011 TAXABLE HOUSING SON 00 DIN 0101 R!'111, 24.
Oil
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 LOINIMOD TAX
2004 LOW/MODERATE 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)
Fooled Cash Allocated Interest
Non Allocated Interest
Developer Agreement Funding
Sale of Land Proceeds
Rental Incorne
Litigation Proceeds
Transfem In
TOTAL 2011 TAXABLE NON -HOUSING BOND
071011=2 . 02=1211113
ADJUSTED
REMAINING
%
BUDGET
RECEIVED
BUDGET
RECEIVED
2,665,855.00
0.00
2,665,855.00
0.000%
0.00
10.59
(10.59)
0.000%
0.00
60.95
(60.95)
0.000%
0.00
705.78
(705.78)
0.000%
2,665,855.00
777�32
2,665,077.68
0.030%
0.00
0.00
0.00
0.000%
0�00
0.00
0.00
0,000%
0�00
2,16038
(2,160.38)
0.000%
0.00
0.00
0.00
0.000%
0.00
2,160.38
(2,160.38)
0.000%
941,90�00
0.00
941,W.00
0.000%
0.00
0.00
0�00
0.000%
0.00
1,269.69
(1.269.69)
0.000%
0.00
0.00
0.00
0.000%
0.00
0.00
0.00
0.000%
941,W.00
1,269.69
940,676.31
0.130%
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%
O.Go
0.00
0.00
0.000%
19.5DO.00
8,798.55
10,701.45
45.120%
0.00
0.00
0.00
0.000%
0.00
391.00
(391.00)
0.000%
0.00
0.00
0.00
0.000%
0.00
0.00
0.00
0.000%
0.00
0.00
0.00
0.000%
0.00
0.00
0.00
0.000%
0.00
0.00
0.00
0.000%
0.00
391.00
(391.00)
0.000%
012
SUCCESSMAGENCYTOTHE
LA QUINTA RI!DEVELOPMENT AGENCY
ADJUSTED �013 REhWkING
BUDGET EN142NDITURES ENCUIIIIBERED BUDGET
PROJECT AREA NO, 2:
LOWIMODERATE TAX FUND:
SERVICES
000
0.00
0.00
0.00
BOND PRINCIPAL
623.700.0
623,700.00
0.00
0.00
BONDINTEREST
2.N2.155.N
1.028.0" 13
000
1.014.030,87
REIMBURSEMENT TO GEN FUND
o.m
0,130
o.w
TRANSFERS OUT
13,Qg.7W,M
om
100,17297
TOTAL UOVVMOO TAX
16.095.531, 50
R1:2110!N1:17 121
20H LOWNODERATE BOND FUND
HOUSING PROGRAMS
o.w
0,00
0.00
0.00
LAND
O'N
0�00
0.00
O,W
TRANSFERS OUT
2X)7&MW0
2N020
�20
TOTAL UOWNOD SOND
55
DEBT SERVICE FUND'
SERVICES
0.00
D W
o.w
0�00
BOND PRINCIPA-
175,NO.N
175,1100.00
0.00
000
BOND INTEREST
757.U&N
381,08688
0.00
370,5S9.12
TRANSFERS OUT
000
000
000
0,00
TOTAL utoT aaw�
9�.W.00
"oumm
0�013
—376.�9,12
CAPI[TAL IMPROVEMENT FUND:
SERVICES
0,00
0.00
0,00
000
CAPITA-
0.00
0.00
0.00
000
REIMBURSEMEWTO GEN FUND
0,00
0.00
0.00
000
TRANEV'ERS OUT
91-
No 20
'!!' 2
0 00
10701.45
TOTAL cAFrrAL IMPROMINIIENT
1� .2
8 7WIll
ou
10.701.45
2011 RDA 2 TAXABLE BOND FUND4417)
SERVICES
0,130
0.00
om
o.w
ECONOMIC DEVELOPMENT
763.649.00
753,6418.91
o.w
0.09
TRANSFERS OUT
239978600
o.w
o.m
2,399,786.00
TOTAL RIDA NO. 2 TAXABLE SONEi
3jW435!00
70.6,18.91
U.uu
2.399,7W09
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