1993 07 06 RDA Minutes LA QUINTA REDEVELOPMENT AGENCY
MINUTES
JULY 6, 1993
Regular meeting of the La Quinta Redevelopment Agency was called to order by Chairman
Pena.
PRESENT: Members Bangerter, McCartney, Perkins? Sniff, Chairman Pena.
ABSENT: None
PUBLIC COMMENT None
BUSINESS SESSION
1. CONSIDERATION OF ADOPTION OF 1993/94 FISCAL YEAR BUDGET.
RESOLUTION NO. RA 93-7
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY
APPROVING A BUDGET FOR FISCAL YEAR 93-94.
It was moved by Members Sniff/Bangerter that Resolution No. RA 93-7 be adopted as
submitted. Motion carried unanimously.
RESOLUTION NO. RA 93-8
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY
ESTABLISHING A LOAN FROM THE CITY OF LA QUINTA TO THE LA
QUINTA REDEVELOPMENT AGENCY-PROJECT AREA NO.2.
It was moved by Members Sniff/Perkins that Resolution No. RA 93-8 be adopted as
submitted. Motion carried unanimously.
2. CONSIDERATION OF FIRST AMENDMENT TO AFFORDABLE HOUSING
AGREEMENT BY AND AMONG THE LA QUIr?A REDEVELOPMENT
AGENCY, COACHELLA VALLEY LAND, AND WILLIAM CUSACK.
Member Bangerter and Chairman Pena left the dais due to conflicts of interest.
Mr. Genovese, Ass't. City Manager, advised that four alternatives were considered by
the Agency on May 18, 1993. The proposed agreement is a modification of one of those
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alternatives. At that time we moved forward with an unsecured position and at that time
we anticipated a 4% contribution. This agreement includes up to a 7% contribution or
$7,000 which is consistent with the original agreement.
Member Sniff felt that the Cove area should not be the only area to provide affordable
housing. In the future, this program should be equitably distributed throughout the City.
Staff needs to find alternative areas to locate affordable housing because this could divide
the City placing an unfair and inequitable burden on the Cove area.
Member McCartney asked if an area wasn't designated on the Murphy property for low-
mod housing.
Mr. Genovese confirmed that an area has been designated and staff is also looking into
a comprehensive affordable housing program for low-moderate income housing
throughout the City.
MOTION It was moved by Members Perkins/McCartney to approve the First
Amendment to affordable housing agreement to facilitate the implementation of the
ownership component of the project. Motion carried with Member Bangerter and
Chairman Pena absent.
3. TRANSMITTAL OF TREASURER'S REPORT MAY 31,1993.
MOTION It was moved by Members Sniff/Bangerter to receive and file the
Treasurer's Report dated May 31, 1993. Motion carried unanimously.
CONSENT CALENDAR
APPROVAL OF DEMAND REGISTER DATED JUNE 30, 1993.
2. APPROVAL OF SETTLEMENT AGREEMENT WITH SANWA B.G.K.
Member McCartney questioned the number of payments going to the 111 La Quinta
Center.
Mr. O'Reilly, Finance Director, advised that payments are made based upon when
certain conditions are met. The total amount is approximately $3.7 million and the City
has currently paid about $1.5 million.
MOTION It was moved by Members Sniff/Bangerter that the Consent Calendar be
approved as recommended. Motion carried unanimously.
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PUBLIC HEARINGS None.
CHAIR AND BOARD MEMBER ITEMS
Member Perkins asked if the Agency has ever discussed an enterprise zone.
Chairman Pena advised that the Agency contacted the County to find out why they were not
included in the enterprise zone. The initial payment was $50,000 for Agency membership. It
was an oversight on the County's part and believed that negotiations could most likely be opened
up. There are provisions in the JPA for an expansion up to 10% or 15% per year to the existing
boundaries.
The Board directed staff to research this matter to see how La Quinta can be included.
CLOSED SESSION
a. Discussion of negotiations pursuant to Government Code Section 54956.9
Coachella Valley Land proposal for housing project including potential acquisition
of properties in the Cove area.
Simon Plaza proposal including potential acquisition of right-of-way at corner of
Washington Street and Highway 111.
b. Discussion of on-going litigation pursuant to Government Code Section 54956.9(a)
Riverside County Interpleader Action Case No.234997
The Board reconvened with no action being taken.
There being no further business, the meeting was adjourned.
Pe;fu;Y submitted,
Secretary
La Quinta Redevelopment Agency
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