1995 10 03 RDA Minutes LA QUINTA REDEVELOPMENT AGENCY
MINUTES
October 3, 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 Cathcart?Bangerter to approve Minutes of
September 19, 1995 as submitted. Motion carried unanimously.
PUBLIC COMMENT None
BUSINESS SESSION
1. CONSIDERATION OF RESOLUTION APPROVING A THIRD
IMPLEMENTATION AGREEMENT BY AND BETWEEN TIlE LA QUINTA
REDEVELOPMENT AGENCY AND E. G. WILLIAMS DEVELOPMENT
COMPANY.
Board Member Pena abstained due to a conflict of interest and left the dais.
Mr. Herman, Community Development Director, advised that this Third Implementation
Agreement with Williams Development would provide for the reallocation of up to
$60,000 of Agency approved and funded financial assistance to fund nonrecurring closing
costs. The estimated $2,700 per unit to be used for this purpose should be included in the
Agency's second trust deeds unless underlying circumstances exist which don't allow the
recurring closing costs to be secured. It shall be applied only to eligible very-low and low-
income households. Re advised that the purchase price of each unit will increase $990.
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Redevelopment Agency Minutes October 3 1995
RESOLUTION NO.95-14
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LA
QUINTA APPROVING A THIRD IMPLEMENTATION AGREEMENT BY AND
BETWEEN THE LA QUINTA REDEVELOPMENT AGENCY AND E. G.
WILLIAMS DEVELOPMENT CORPORATION.
It was moved by Board Members Bangerter!Cathcart to adopt Resolution No. 95?t4 as
submitted. Motion carried with Board Member Pena ABSENT.
2. CONSIDER?ON OF APPROVAL OF DEMAND REGISTER WIRE TRANSFER
OF SEPTEMBER 14,1995 WILLIAMS DEVELOPMENT).
Board Member Pen a abstained due to a conflict of interest and left the dais.
M?ON It was moved by Board Members Cathcart/Bangerter to approve the Demand
Register Wire Transfer of September 14, 1995 Williams Development). Motion carried
with Board Member Pena ABSENT.
CONSENT CALENDAR
1. APPROVAL OF DEMAND REGISTER DATED OCTOBER 3,1995.
2. ACCEPTANCE OF PROJECT 954)1- SEWER HOOK-UP SUBSIDY PROGRAM.
Board Member Pen a abstained due to a conflict of interest and left the dais.
M?ON It was moved by Board Members Bangerter/Cathcart to approve the Consent
Calendar as recommended. Motion carried with Board Member Pena ABSENT.
None
CHAIR AND BOARD MEMBERS' ITEMS None
The Agency Board recessed to Closed Session.
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Redevelopment Agency Minutes 3 October 3, 1995
CLOSED SESSION
1. Conference with real property negotiator, Desert Sands Unified School District
pursuant to Government Code Section 54956.8, regarding a Memorandum of
Understanding regarding the sale of certain real property located at the southeast
corner of Washington Street and Miles Avenue, by and between the La Quinta
Redevelopment Agency and Desert Sands Unified School District.
The Agency Board reconvened with no decision being made which requires reporting
pursuant to Section 54957.1 of the Government Code Brown Act).
There being no further business the Agency Board was adjourned.
Res cttully submitted
AUNDRA LHOLA Secretary
La Quinta Redevelopment Agency
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