1993 04 20 RDA Minutes LA QUINTA REDEVELOPMENT AGENCY
MINUTES
APRIL 20, 1993
Regular meeting of the La Quinta Redevelopment Agency was called to order by Chairman
Pena.
PRESENT: Board Members Bangerter, Mccartney, Perkins, Sniff,
ABSENT: Chairman Pena
MOTION It was moved by Mrs. Bangerter, seconded by Mr. Mccartney that Chairman Pena
be excused. Motion carried unanimously.
PUBLIC COMMENT None
BUSINESS SESSION
1. CONSIDERATION OF AN AGREEMENT FOR IMPLEMENTATION OF THE
DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN TIlE AGENCY
AND WES DEVELOPMENT COMPANY STOCKMAN), TO PROVIDE
ADDITIONAL FINANCIAL ASSISTANCE FOR SIX VERY LOW, LOW AND
MODERATE INCOME HOUSEHOLDS.
Board Member Bangerter left the dais due to a conflict of interest.
Mr. Spevacek, with Rosenow Spevacek Group, Redevelopment Agency consultants,
advised that on February 16, 1993, the Board discussed the fact that WES has six
households that were qualified for first trust deed mortgages, but their total housing costs
exceeded affordable housing cost parameters delineated in the DDA. After considerable
discussion, the Agency and WES Development agreed to split the difference and fund
50% of the additional needed assistance, with WES Development concurrently reducing
sales price of each dwelling by a like amount. This will result in an additional $1?,707
in Agency assistance, but will not result in additional Agency spending on this project,
but instead will result in a reduction of funds available for future dwellings to be
constructed under this DDA.
RESOLUTION NO. RA 93-2
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY MAKING
CERTAIN FINDINGS AND APPROVING THE SECOND AGREEMENT FOR
IMPLEMENTATION OF THE DISPOSITION AND DEVELOPMENT
AGREEMENT BY AND BETWEEN THE LA QUINTA REDEVELOPMENT
AGENCY AND WES DEVELOPMENT COMPANY.
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It was moved by Mr. Mccartney, seconded by Mr. Perkins that Resolution No, RA 93-2
be adopted. Motion carried unanimously with Chairman Pena and Board Member
Bangerter absent.
2. CONSIDERATION OF RESOLUTION ACCEPTING THE PRELIMINARY PLAN
FOR THE MERGER OF REDEVELOPMENT PROJECT AREA NO.1 AND NO.
2 AND AUTHORIZING THE INTERIM?I EXECUTIVE DIRECTOR TO
TRANSMIT TIlE NECESSARY DOCUMENTS TO INITIATE THE PROJECT
MERGER PROCESS.
Board Member Bangerter left the dais due to a conflict of interest.
Mr. Frank Spevacek, with Rosenow Spevacek Group, Redevelopment Agency
consultants, advised that the reason for the merger was to add projects to the
Redevelopment Plan list; to address further conditions of blight in both project areas and
to provide opportunities for the Agency to administer both project areas as one
comprehensive unit. The first step in the process is to adopt the preliminary plan that
sets forth what the proposal will accomplish. This Plan has been reviewed and approved
by the Planning Commission. Adoption of the submitted resolution will formally initiate
the process that involves preparation of an FIR; negotiations with taxing jurisdictions;
formation of a PAC and a joint public hearing which will be held at the end of October
of this year.
RESOLUTION NO.93-3
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY
APPROVING AND AUTHORIZING TRANSMITTAL OF THE PROPOSED
PRELIMINARY PLAN FOR THE MERGER OF THE LA QUINTA
REDEVELOPMENT PROJECT AND REDEVELOPMENT PROJECT NO.2 AND
RATIFYING PRIOR ACTS.
It was moved by Mr. Perkins, seconded by Mr. McCartney that Resolution No.93-3 be
adopted. Motion carried unanimously with Chairman Pena and Board Member Bangerter
absent.
3. CONSIDERATION OF AN IMPLEMENTATION AGREEMENT BETWEEN THE
AGENCY AND DESERT SANDS UNIFIED SCHOOL DISTRICT
IMPLEMENTING CERTAIN PROVISIONS OF THE COOPERATION
AGREEMENT BET?BETWEEN THE AGENCY AND DISTRICT FOR PROJECT AREA
NO.2.
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Mr, Genovese, Interim Executive Director, advised that in July 1989, the Agency entered
into agreement with Desert Sands Unified School District that provided for the payment
of tax increment revenue from Project Area No.2 to the District. The implementation
agreement submitted provides a payment of $180,000 to the District which represents the
first installment of Agency payments.
RESOLUTION NO. RA 93-3
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY
AUTHORIZING EXECUTION OF AN AGREEMENT BY AND BETWEEN THE
LA QUINTA REDEVELOPMENT AGENCY AND TIlE DESERT SANDS UNIFIED
SCHOOL DISTRICT REDEVELOPMENT PROJECT NOS. 1 AND 2).
It was moved by Mr. Perkins, seconded by Mr. Mccartney that Resolution No. RA 93-3
be adopted. Motion carried unanimously with Chairman Pena absent.
4. CONSIDERATION OF AN AGENCY RESOLUTION MAKING CERTAIN
FINDINGS IN CONNECTION WITH THE AFFORDABLE HOUSING
AGREEMENT BY AND AMONG THE AGENCY AND COACHELLA VALLEY
LAND.
Board Member Bangerter left the dais to a conflict of interest.
Mr. Genovese, Interim Executive Director, advised that on February 16, 1993, the
Agency approved an Affordable Housing Agreement with Coachella Valley Land.
Agency legal counsel is requesting that the Agency adopt the submitted resolution that
makes certain findings pertaining the agreement's benefit to Project Area No. 1 and
Project Areas No.2 and the need for the agreement to incorporate certain subordination
clauses and remedies to facilitate first trust deed mortgage financing.
RESOLUTION NO. RA 93-4
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY MAKING
CERTAIN FINDINGS IN CONNECTION WITH THE AFFORDABLE HOUSING
AGREEMENT BY AND AMONG THE LA QUINTA REDEVELOPMENT
AGENCY, COACHELLA VALLEY LAND, A CALIFORNIA LIMITED
PARTNERSHIP AND WILLIAM J. CUSACK PERTAINING TO PROPERTY
LOCATED WITHIN THE PROJECT AREA OF THE LA QUINTA
REDEVELOPMENT PROJECT.
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It was moved by Mr. McCartney? seconded by Mr. Perkins that Resolution No. RA 93-4
be adopted. Motion carried unanimously with Chairman Pena and Board Member
Bangerter absent.
CONSENT CALENDAR
1. APPROVAL OF DEMAND REGISTER DATED APRIL 20, 1993.
MOTION It was moved by Mr. Perkins, seconded by Mrs. Bangerter that the Consent
Calendar be approved as recommended. Motion carried unanimously.
CLOSED SESSION
a. Discussion of negotiations pursuant to Government Code Section 54956.8
La Quinta Canyon Center
County of Riverside Project Area No.1 and No.2 Agreement and Merger
Artes de La Quinta
The Board reconvened with no action being taken.
There being no further business the meeting was adjourned.
submitted
L Secretary
La Quinta Redevelopment Agency
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