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1995 02 21 RDA Minutes LA QUINTA REDEVELOPMENT AGENCY MINUTES February 21, 1995 Regular meeting of the La Quinta Redevelopment Agency was called to order by Chairman Sniff. PRESENT: Board Members Bangerter, Cathcart, Pena, Perkins, Chairman Sniff ABSENT: None CONFIRMATION OF AGENDA Confirmed APPROVAL OF MINUTES MOTION It was moved by Board Members Bangerter/Perkins to approve Minutes of February 7, 1995 as submitted. Motion carried unanimously. PUBLIC COMMENT None BUSINESS SESSION 1. RESOLUTION APPROVING THE REDEVELOPMENT PLAN FOR THE LA QUINTA REDEVELOPMENT PROJECT AS AMENDED BY AMENDMENT NO. 1 AND APPROVING THE REPORT TO THE CITY COUNCIL AND AUTHORIZING TRANSMITTAL OF THE AMENDED PLAN AND THE REPORT TO THE CITY COUNCIL. Board Members Bangerter and Cathcart abstained from this issue due to a conflict of interest and left the dais. Mr. Spevacek, Consultant with Rosenow, Spevacek Group, addressed the Board advising that the resolution before the Board approves the report to the City Council on the proposed amendment to Project Area No.1 and approves in its form, the redevelopment plan for this project. The amended plan will clarify and expand the public facilities and infrastructure improvements project list; increase the amount of tax increment revenue which the Agency may receive from Project No.1; increase the limitation on the amount of bond indebtedness which may be outstanding at any one time; and establish a new 12- year time-frame during which the Agency may employ eminent domain. BIB] 07-15-1996-U01 08:40:41AM-U01 RDAMIN-U02 02-U02 21-U02 1995-U02 Redevelopment Agency Minutes 2 February 21,1995 RESOLUTION NO. RA 95-03 A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY APPROVING THE REDEVELOPMENT PLAN FOR THE LA QUINTA REDEVELOPMENT PROJECT AS AMENDED BY AMENDMENT NO.1 AND APPROVING ITS REPORT TO THE CITY COUNCIL AND AUTHORIZING TRANSMITTAL OF THE AMENDED PLAN AND THE REPORT TO THE CITY COUNCIL. It was moved by Board Members Pena/Perkins to adopt Resolution RA 95-03 as submitted. Motion carried unanimously. 2. SELECTION OF VICE-CHAIRMAN OF THE REDEVELOPMENT AGENCY BOARD. Board Member Perkins nominated Board Member Cathcart for Vice Chairman. There were no further nominations. Board Member Perkins moved that a unanimous ballot be cast for Mr. Cathcart to serve as Vice Chairman of the Redevelopment Agency Board. Chairman Sniff advised that Board Member Cathcart is the new Vice Chairman. CONSENT CALENDAR APPROVAL OF DEMAND REGISTeR DATED FEBRUARY 21, 1995. MOTION It was moved by Board Members Pena/Perkins to approve the Consent Calendar as amended with the deletion of warrants to C.V. Land and Williams Development. Motion carried unanimously. MOTION It was moved by Board Members Cathcart/Perkins to approve the warrant to C. V. Land. Motion carried with Board Members Bangerter and Pena ABSTAINING. MOTION It was moved by Board Members Perkins/Cathcart to approve the warrant to Williams Development Corporation. Motion carried with Board Member Pena ABSTAINING. BIB] 07-15-1996-U01 08:40:41AM-U01 RDAMIN-U02 02-U02 21-U02 1995-U02 Redevelopment Agency Minutes 3 February 21, 1995 DEPARTMENT REPORTS None CHAIR AND BOARD MEMBERS' ITEMS None PUBLIC HEARINGS JOINT MEETING WITH THE CITY OF LA OUINTA JOINT PUBLIC IIEARING BETWEEN THE LA QUINTA REDEVELOPMENT AGENCY AND THE LA QUINTA CITY COUNCIL TO TAKE PUBLIC COMMENT ON THE REDEVELOPMENT PLAN FOR THE LA QUINTA REDEVELOPMENT PROJECT AREA NO.1 AS AMENDED BY AMENDMENT NO.1. Ms. Honeywell, Agency Counsel, advised that Board Members Bangerter and Cathcart will be abstaining from this matter as they both have property interests within the project area that are different from the public generally. The Mayor declared the PUBLIC HEARING OPEN. Mayor Pena advised that this joint public hearing of the City Council and the Redevelopment Agency is to consider the proposed Amendment No 1 to the Redevelopment Plan for the La Quinta Redevelopment Project No.1 and certification of the Final Environmental Impact Report on the Amendment. He further advised that the following documents will be under consideration: 1. The proposed Redevelopment Plan as amended by Amendment No.1; and 2 Agency Report to Council on the proposed Amendment, which includes, among other information: a. The report and recommendation of the Planning Commission; b. The report and recommendation of the Project Area Committee; c. The Final Environmental Impact Report on the Project. Mr. Spevacek, Consultant with Rosenow, Spevacek Group, advised that the purpose of this hearing is to gain input on the proposed amendment to Redevelopment Project Area 1 Plan which was established in 1983. Since that time, the Redevelopment Agency has spent about $35 million in improvements around the Cove and $4 million in housing assistance. Basically, we're faced with a position wherein the Agency's financial BIB] 07-15-1996-U01 08:40:41AM-U01 RDAMIN-U02 02-U02 21-U02 1995-U02 Redevelopment Agency Minutes 4 February 21, 1995 capacity has reached its limit. He briefly reviewed some of the events that have transpired up to this time in preparatioN for this hearing. Basically. redevelopment is a tool provided by the State for cities and counties to address problem areas within their jurisdictions. The Agency receives its money from tax increment revenues. When a project area is established, the County Assessor adds up the current value of all properties within that project area which then becomes known as the base year value. Pursuant to Prop 13, properties can only be reassessed if sold or improved and up to 2% a year to account for inflation. So the difference between what the values were in 1983 and what they are in 1995 translates into tax increment revenues which is allocated to the Agency Additionally, these tax increments are also allocated to other affected agencies. In 1993, the Agency evaluated Project No.1 and determined that there are still needed public infrastructure as well as public/private partnerships to jump-start economic development activities in The Village. Consequently, the decision was made to amend the plan. By doing so, the tax increment revenue will increase from $300 million to $2 billion and to increase the amount of bond debt from $35 million to $100 million and to expand the eminent domain authority to run to 2007. The redevelopment project is set to expire in 2025 and the agency can undertake no additional project that requires tax increment revenue to pay for the projects after e year 2004. Regarding eminent domain, the agency has only used it once to acquire right of way for Calle Tampico widening. Mr. Martin, Consultant, with Stevenson, Porto & Pierce, reviewed the environmental process noting that the notice of preparation was mailed to all affected public agencies. A draft EIR was then prepared and mailed for a 45-day public review period. During that period, there were four comments received and the City prepared responses to them. The EIR evaluates the potential environmental impacts that could occur should implementation of the plan occur. Mr. Spevacek asked that the following documents be entered into the public record: a. The Report to the City Council on the Development Plan for the La Quinta Redevelopment Project as amended by Amendment No.1; b. The Redevelopment Plan as proposed to be Amended by Amendment No.1; and c. The Final EIR At this time the City Clerk advised that letters of comments have been received from the following individuals: 1. Nial Morgan, dated January 19, 1995 2. Richard Earl Bean/Nan Glennon Bean, dated February 6, 1995 3. Irvin Chapman, dated January 23, 1995 4. Fred Olds, dated January 24, 1995 BIB] 07-15-1996-U01 08:40:41AM-U01 RDAMIN-U02 02-U02 21-U02 1995-U02 Redevelopment Agency Minutes 5 February 21, 1995 Also, a letter was received this evening from Coachella Valley Water District which the City Clerk read into the record. At this time, the Mayor asked if there was any public testimony. PROPONENTS SCOTT DALECIO, Vice Chairman of the Project Area Committee, advised that their committee was brought together several months ago. They feel that they have represented various elements of the community and have gone through the plan and EIR and feel that proper due diligence has taken place and provide the continued impetus on the continued construction of infrastructure that is needed. Therefore, they suggest that the City continue to move forward with the Plan Amendment. OPPONENTS None Ms. Honeywell, City Attorney/Agency Counsel, advised that this hearing will be continued to March 7, 1995 and in the interim, staff will be responding to all letters received. MOTION It was moved by Board Members Sniff/Perkins to continue this item to a joint meeting on March 7, 1995 to adopt the written responses to the written objections to the amended plan and further consideration of the amended plan and the final EIR. Motion carried with Board Members Bangerter and Cathcart ABSTAINING. CLOSED SESSION See Minutes of March 7, 1995 for corrections.) Discussion of negotiations concerning potential acquisition and/or sale of real property within the Cove area of La Quinta pursuant to Government Code Section 54956.8 Building Horizons Boys and Girls Club of Coachella Valley). 2. Conference with real property negotiator concerning 50 individual residential properties located generally in the Cove, specifically identified in the agreement with Coachella Valley Land negotiator, Byron Radakker instructing the negotiator concerning price and terms of payment for acquisition of properties pursuant to Government Code Section 54956.8. 3. Conference with legal counsel concerning on-going litigation Atlas Environmental Services, Inc. vs Kenko, City of La Quinta, et.al, Case No.80078 pursuant to Government Code Section 54946.9. BIB] 07-15-1996-U01 08:40:41AM-U01 RDAMIN-U02 02-U02 21-U02 1995-U02 Redevelopment Agency Minutes 6 February 21, 1995 4. Conference with real property negotiator concerning the disposition of property located at the northwest corner of Avenue 48 and Jefferson Street instructing negotiator, Jerry Herman, concerning price and terms of payment for sale of property pursuant to Government Code Section 54956.8. The Board reconvened with no reportable actions being taken. There being no flirther business thc meeting was adjourned Motion carried unaniiiiously. R sp%ctfiilly submitted, AUNDRA L. JUHOLA, Secretary La Qi! inta Redevelopment Agency BIB] 07-15-1996-U01 08:40:41AM-U01 RDAMIN-U02 02-U02 21-U02 1995-U02