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1996 10 01 RDA Minutes@ LA QUINTA REDEVELOPMENT AGENCY MINUTES October 1, 1996 Regular meeting of the La Quinta Redevelopment Agency was called to order by Chairman Sniff. PRESENT: Board Members Adolph, Henderson, Holt, Perkins, Chairman Sniff ABSENT: None PUBLIC COMMENT None CONFIRMATION OF AGENDA Confirmed APPROVAL OF MINUTES MOTION It was moved by Board Members Adoiph/Holt to approve Minutes of September 17, 1 996 as submitted. Motion carried unanimously. BUSINESS SESSION None CONSENT CALENDAR 1. APPROVAL OF DEMAND REGISTER DATED OCTOBER 1, 1996. MOTION It was moved by Board Members Holt/Adolph that the Consent Calendar be approved as recommended. Motion carried unanimously. DEPARTMENT REPORTS None CHAIR AND BOARD MEMBERS' ITEMS None BIB] 10-31-1996-U01 03:57:49PM-U01 RDAMIN-U02 10-U02 01-U02 1996-U02 @Redevelopment Agency Minutes 2 October 1, 1 996 JOINT PUBLIC HEARING WITH THE LA QUINTA CITY COUNCIL 1. APPROVAL OF AN AGREEMENT AND ESCROW INSTRUCTIONS FOR THE SALE OF REAL PROPERTY BY AND BETWEEN THE AGENCY AND MR. DAVID GALVIN FOR THE PROPERTY LOCATED AT 54-900 AVENIDA VALLEJO. The Chairman declared the PUBLIC HEARING OPEN. Mr. Herman, Community Development Director, advised that the purpose of this agreement is for the sale of Agency-owned property located at 549OO Avenida Vallejo to Mr. David Galvin. This property is one of 50 homes owned. by the Agency and will have affordable covenants on the title. The Agency will receive $56,620 and a second trust deed will be issued in the amount of $1 7,100. Staff recommended approval of the agreement and escrow instructions. There being no one else wishing to speak,, the Chairman declared the PUBLIC HEARING CLOSED. MOTION It was moved by Board Members Henderson/Holt to approve the agreement and escrow instructions regarding the disposition of the property located at 54-900 Avenida Vallejo and instruct the Executive Director to sign the appropriate documents. Motion carried unanimously. CLOSED SESSION None There being no further business, it was moved by Board Members Adolph/Holt to adjourn. Motion carried unanimously. Respectfully submitted, SAUNDRA L. JUHOLA, Secretary La Quinta Redevelopment Agency BIB] 10-31-1996-U01 03:57:49PM-U01 RDAMIN-U02 10-U02 01-U02 1996-U02