1994 05 03 RDA Minutes LA QUINTA REDEVELOPMENT AGENCY
MINUTES
MAY 3, 1994
Regular meeting of the La Quinta Redevelopment Agency was called to order by Chairman
Sniff.
PRESENT: Board Members Bangerter, McCartney, Pena, Perkins, Chairman Sniff
ABSENT: None
CONFIRMATION OF AGENDA Confirmed
APPROVAL OF MINUTES
MOTION It was moved by Board Members Perkins/Bangerter that the Minutes of April 19,
1994 be approved as submitted. Motion carried unanimously.
PUBLIC COMMENT None
BUSINESS SESSION
1. CONSIDERATION OF A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE LA QUINTA REDEVELOPMENT AGENCY AUTHORIZING THE
ISSUANCE OF TAX ALLOCATION REFUNDING BONDS, SERIES 1994 OF
SAID AGENCY IN A PRINCIPAL AMOUNT OF NOT TO EXCEED $26,665,000
TO REFUND CERTAIN BONDS OF THE AGENCY, APPROVING CERTAIN
DOCUMENTS AND TAKING CERTAIN OTHER ACTIONS IN CONNECTION
THEREWITH.
RESOLUTION NO. RA 94-7
RESOLUTION OF THE BOARD OF DIRECTORS OF THE LA QUINTA
REDEVELOPMENT AGENCY AUTHORIZING THE ISSUANCE OF ITS LA
QUINTA REDEVELOPMENT PROJECT TAX ALLOCATION REFUNDING
BONDS, SERIES 1994 PROJECT AREA NO.1) OF SAID AGENCY IN A
PRINCIPAL AMOUNT OF NOT TO EXCEED TWENTY-SIX MILLION SIX
HUNDRED SIXTY-FIVE THOUSAND DOLLARS $26,665,000) TO REFUND
CERTAIN BONDS OF THE AGENCY, APPROVING CERTAIN DOCUMENTS
AND TAKING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH.
It was moved by Board Members Bangerter/Mccartney that Resolution No. RA 94-7 be
adopted as submitted. Motion carried unanimously.
2. TRANSMITTAL OF TREASURER'S REPORT DATED MARCH 31,994.
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Redevelopment Agency Minutes 2 May17, 1994
MOTION It was moved by Board Members Bangerter/Perkins to receive and file the
March 31, 1994 Treasurer's Report. Motion carried unanimously.
CONSENT CALENDAR
1. APPROVAL OF DEMAND REGISTER DATED MAY 3, 1994.
MOTION It was moved by Board Members Bangerter/Pena that the Consent Calendar
be approved as recommended. Motion carried unanimously
DEPARTMENT REPORTS
1. TRANSMITTAL OF STATEMENT OF FINANCIAL POSITION DATED MARCH
31, 1994.
MOTION It was moved by Board Members Pena/Bangerter to receive and file the
Statement of Financial Position March 31, 1994. Motion carried unanimously.
CHAIR AND BOARD MEMBERS' ITEMS None
PUBLIC HEARINGS None
CLOSED SESSION
1. Conference with Real Property Negotiator concerning proposal of Williams Development
Co. and potential acquisition of property located on Calle Tampico pursuant to
Government Code Section 54956.8.
The Board reconvened with no action being taken.
There being no further business the meeting was adjourned.
Re<tful;?s?tte7?
Secretary
La Quinta Redevelopment Agency
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