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2013 07 02 SAT4ht Agendas and staff reports are now available on the City's web page: www./a- quinta.org SUCCESSOR AGENCY To The La Quinta Redevelopment Agency AGENDA CITY HALL, 78 -495 Calle Tampico, La Quinta, CA REGULAR MEETING ON TUESDAY, JULY 2, 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 comments 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). CONFIRMATION OF AGENDA PRESENTATIONS — NONE WRITTEN COMMUNICATIONS — NONE APPROVAL OF MINUTES 1 . MINUTES OF JUNE 18, 2013 CONSENT CALENDAR 1 . DEMAND REGISTER DATED JULY 2, 2013 DEPARTMENT REPORTS — NONE PAGE NO. SUCCESSOR AGENCY TO RDA AGENDA 1 JULY 2, 2013 3 5 1 BUSINESS SESSION — NONE STUDY SESSION — NONE ADJOURNMENT ............................. ............................... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 The next regular meeting of the City as Successor Agency to the La Quinta Redevelopment Agency will be held on July 16, 2013 commencing with closed session at 3:00 p.m. and open session at 4:00 p.m. at City Hall, 78 -495 Calle Tampico, La Quinta, CA 92253. DECLARATION OF POSTING I, 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 1 1 1, on June 28, 2013 DATED: June 28, 2013 SUSAN MAYSELS, Agency Secretary Successor Agency to the La Quinta Redevelopment Agency Public Notices • The La Quinta City Hall 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. SUCCESSOR AGENCY TO RDA AGENDA 2 JULY 2, 2013 3 SUCCESSOR AGENCY TO THE LA QUINTA REDEVELOPMENT AGENCY MINUTES TUESDAY, JUNE 18, 2013 A regular meeting of the La Quinta City Council in their capacity as Successor Agency to the La Quinta Redevelopment Agency ( "SA ") was called to order at 6:55 p.m. by Chairperson Adolph. PRESENT: Agency Members Evans, Franklin, Henderson, Osborne, Chair Adolph ABSENT: None. CLOSED SESSION - None PUBLIC COMMENT - None CONFIRMATION OF AGENDA - Confirmed PRESENTATIONS - None WRITTEN COMMUNICATIONS - None APPROVAL OF MINUTES MOTION — A motion was made and seconded by Agency Members Evans /Franklin to approve the minutes of June 4, 2013 as submitted. Motion passed unanimously. CONSENT CALENDAR 1. DEMAND REGISTER DATED JUNE 18, 2013 2. TREASURER'S REPORT DATED APRIL 30, 2013 3. REVENUE AND EXPENDITURES REPORT DATED APRIL 30, 2013 4. RESOLUTION TO ADOPT THE INVESTMENT POLICY OF THE CITY OF LA FOR FISCAL YEAR 2013/2014 [RESOLUTION SA 2013 -0051 ÓÑÌ×ÑÒ ß ³±¬·±² ©¿ ³¿¼» ¿²¼ »½±²¼»¼ ¾§ ß¹»²½§ Ó»³¾»® Ú®¿²µ´·²ñÛª¿² ¬± ¿°°®±ª» ¬¸» Ý±²»²¬ Ý¿´»²¼¿® ¿ ®»½±³³»²¼»¼ ©·¬¸ ×¬»³ Ò±ò ì ¿¼±°¬·²¹ Î»±´«¬·±² Ò±ò Íß îðïíóððëò Ó±¬·±² °¿»¼ «²¿²·³±«´§ò ÜÛÐßÎÌÓÛÒÌ ÎÛÐÑÎÌÍ ïò ÑÊÛÎÍ×ÙØÌ ÞÑßÎÜ ÎÛÐÑÎÌ ß¹»²½§ Û¨»½«¬·ª» Ü·®»½¬±® Í°»ª¿½»µ °®»»²¬»¼ ¬¸» ®»°±®¬ò ÞËÍ×ÒÛÍÍ ÍÛÍÍ×ÑÒ ïòÎÛÍÑÔËÌ×ÑÒ ÌÑ ßÜÑÐÌ ÌØÛ Ú×ÍÝßÔ ÇÛßÎ îðïíñîðïì ÍËÝÝÛÍÍÑÎ ßÙÛÒÝÇ ÌÑ ÌØÛ Ôß ÏË×ÒÌß ÎÛÜÛÊÛÔÑÐÓÛÒÌ ßÙÛÒÝÇ ÞËÜÙÛÌ ÅÎÛÍÑÔËÌ×ÑÒ Íß îðïíóððêÃ ß¹»²½§ Ó»³¾»® ©¿·ª»¼ ¬¸» ®»°±®¬ °®»»²¬¿¬·±² ·²½» Þ«·²» Í»·±² ×¬»³ Ò±ò ï ±º ¬¸» Ý·¬§ Ý±«²½·´ ³»»¬·²¹ ½±ª»®»¼ ·¬ò ÓÑÌ×ÑÒ ß ³±¬·±² ©¿ ³¿¼» ¿²¼ »½±²¼»¼ ¾§ ß¹»²½§ Ó»³¾»® Ø»²¼»®±²ñ Ûª¿² ¬± ¿¼±°¬ Î»±´«¬·±² Ò±ò Íß îðïíóððê »²¬·¬´»¼æ ÎÛÍÑÔËÌ×ÑÒ ÌÑ ßÜÑÐÌ ÌØÛ Ú×ÍÝßÔ ÇÛßÎ îðïíñîðïì ÍËÝÝÛÍÍÑÎ ßÙÛÒÝÇ ÌÑ ÌØÛ Ôß ÏË×ÒÌß ÎÛÜÛÊÛÔÑÐÓÛÒÌ ßÙÛÒÝÇ ÞËÜÙÛÌ Ó±¬·±² °¿»¼ «²¿²·³±«´§ò ÍÌËÜÇ ÍÛÍÍ×ÑÒ ó Ò±²» ßÜÖÑËÎÒÓÛÒÌ Ì¸»®» ¾»·²¹ ²± º«®¬¸»® ¾«·²»ô ·¬ ©¿ ³±ª»¼ ¾§ ß¹»²½§ Ó»³¾»® Ûª¿²ñÚ®¿²µ´·² ¬± ¿¼¶±«®² ¿¬ êæëé °ò³ò Ó±¬·±² °¿»¼ «²¿²·³±«´§ò Î»°»½¬º«´´§ «¾³·¬¬»¼ô ÍËÍßÒ ÓßÇÍÛÔÍô ß¹»²½§ Í»½®»¬¿®§ Í«½½»±® ß¹»²½§ ¬± ¬¸» ¼·±´ª»¼ ê T-itf 4 4 a" CITY ISKk /SK HA / FA MEETING DATE: July 2, 2013 ITEMTITLE: DEMAND REGISTER DATED JULY 2, 2013 RECOMMENDED ACTION: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: 1 STUDY SESSION: PUBLIC HEARING: It is recommended that the Successor Agency of the La Quinta Redevelopment Agency receive and file the demand register dated July 2, 2013 of which $47,737.99 represents Successor Agency expenditures as detailed below: Vendor: Account No.: Rutan & Tucker 237 - 9001 - 702.32 -01 Rutan & Tucker 237 - 9001 - 702.32 -01 EXECUTIVE SUMMARY: None. FISCAL IMPACT: None. BACKGROUND /ANALYSIS: Amount: Purpose: $42,987.99 AB1 26 Implementation $4,750.00 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. 7 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 ABX1 26, 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, Report prepared by: Sandra Mancilla, Account Technician Report approved for submission by: Robbeyn Bird, Finance Director 8