1995 07 05 RDA Minutes LA QUINTA REDEVELOPMENT AGENCY
MINUTES
July 5, 1995
Regular meeting of the L? 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/Pena to approve Minutes of June 20,
995 as submitted. Motion carried unanimously.
PUBLIC COMMENT None
BUSINESS SESSION
1. CONSIDER?ON OF A RESOLUTION?ON OF THE REDEVELOPMENT AGENCY
APPROVING A SECOND IMP?LEMENTATION AGREEMENT BY AND
BETWEEN THE LA QUINTA REDEVELOPMENT AGENCY AND E. G.
WILLIAMS DEVELOPMENT CORPORATION AND MAKING CERTAIN
FINDINGS WITh RESPECT TO ARTICLE XXXIV OF THE STATE
CONS?ON.
Board Member Pena abstained due to a conflict of interest and left the dais.
Mr. Herman? Community Development Director, advised that the Council adopted the
original Disposition and Development Agreement DDA) in July, 1994 and approved an
amendment to it in September, 1994. An Implementation Agreement was approved on
May 16, 1995 which allowed revisions to the DDA's exhibits. Re advised that additional
revisions are necessary to qualify for Fannie May approval and allow for tax credits for
the senior housing rental portion of the project.
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Redevelopment Agency Minutes 2 July 5 1995
RESOLUTION NO. RA 95-11
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY OF THE
CITY OF LA QUINTA, CALIFORNIA, APPROVING A SECOND
IMPLEMENTATION AGREEMENT BY AND BETWEEN THE LA QUINTA
REDEVELOPMENT AGENCY AND E. G. WILLIAMS DEVELOPMENT
CORPORATION AND MAKING CERTAIN FINDINGS WITH RESPECT TO
ARTICLE XXXIV OF THE STATE CONSTITuTION.
It was moved by Board Members Cathcart/Perk ins to adopt Resolution No. RA 95-11
as submitted. Motion carried with Board Member Pena ABSENT.
2. CONSIDERATION OF THE LA QUINTA ARTS FOUNDATION REQUEST FOR
FUNDING FOR FY 1995/96 IN THE AMOUNT OF $50,000.
MOTION It was moved by Board Members Perkins/Bangerter to approve the La
Quinta Arts Foundation request for funding for FY 1995196 in an amount not to exceed
$50,000 and authorize the Executive Director to enter into an Agreement with the La
Quinta Arts Foundation. Motion carried unanimously.
3. CONSIDERATION OF THE LA QUINTA CHAMBER OF COMMERCE
REQUEST FOR FUNDING FOR FY 1995/96 IN THE AMOUNT OF $166,000.
MOTION It was moved by Board Members Pena/Bangerter to approve the La Quinta
Chamber of Commerce request for funding for FY 1995/96 in an amount not to exceed
$147,500. Motion carried unanimously.
4. TRANSMITTAL OF TREASURER'S REPORT DATED MAY 31, 1995.
MOTION It was moved by Board Members Perkins/Pena to receive and file the
Treasurer's Report dated May 31, 1995. Motion carried unanimously.
CONSENT CALENDAR
APPROVAL OF DEMAND REGISTER DATED JULY 5, 1995.
MOTION It was moved by Board Members Bangerter/cathcart that the Consent
Calendar be approved as recommended. Motion carried unanimously.
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Redevelopment Agency Minutes 3 July 5, 1995
DEPARTMENT REPORTS
I. TRANSMITTAL OF STATEMENT OF REVENUE"JE & EXPENDITURES DATED
MAY 31, 1995.
MOTION It was moved by Board Members Pena/cathcart to receive and file the
Statement of Revenue & Expenditures dated May 31, 1995. Motion carried
unanimously.
CHAIR AND BOARD MEMBERS' ITEMS None
PUBLIC HEARINGS None
Agency recessed to City Council and then to Closed Session.
CLOSED SESSION
1. Conference with real property negotiator concerning 50 individual residential
properties located generally in the Cove, specifically identified in the Agreement with
Coachella Valley Land Company. Negotiator: Byron Radakker. Instructing the
negotiator concerning price and terms of payment for acquisition of properties
pursuant to Government Code Section 54956.8.
2. Conference with real property negotiator Mr. Ned Millis pursuant to Government
Code Section 54956.8 regarding potential acquisition of property located at 77885
Avenida Montezuma. Applicant: La Quinta Historical Society.
3. Conference with real property negotiator concerning the property located at 53-165
Eisenhower Drive pursuant to Government Code Section 54956.8, instructing the
negotiator concerning a revision to the term of of sale. Applicant: Boys & Girls Club
Building Horizons.
Agency Board reconvened with no decision being made which reporting pursuant
to Section 54957.1 of the Government Code Brown Act).
Ther?being no further business the Agency adjourned.
Respectfully/es(#<llYsubm1tt?
/SAUNDRA L JUHOLA Secretary
La Quinta Redevelopment Agency
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