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1997 10 21 RDA Minutes^" LA Quinta REDEVELOPMENT AGENCY MINUTES OCTOBER21, 1997 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 Adolph/Henderson to approve the Minutes of October 7, 1 997 as submitted. Motion carried unanimously. BUSINESS SESSION 1. CONSIDERATION AND AUTHORIZATION TO PURCHASE AND REHABILITATE TWO SINGLE-FAMILY RESIDENCES TO IMPLEMENT THE LA QUINTA REDEVELOPMENT AGENCY RESALE COMPONENT OF THE LA QUINTA HOUSING PROGRAM. Mr. Herman, Community Development Director, advised that this request is for up to $240,000 in funding from the Redevelopment Project Area No.1 Low and Moderate-Income Housing Fund for the acquisition of two houses. Staff anticipates spending about $70,000 to purchase each of the houses and about $50,000 each for rehabilitation. He advised that the Building Horizons Program has indicated some interest in participating in the rehabilitation of the homes and plans to submit a proposal in November that would come back to Council. Board Member Henderson was pleased that the Building Horizons Program wants to be involved. Mr. Herman noted that there may not be enough time for Building Horizons to create a rehabilitation program for this year, but they will have a more-advanced class ready next year. BIB] 12-02-1997-U01 11:22:00AM-U01 RDAMIN-U02 10-U02 21-U02 1997-U02 ^"Redevelopment Agency Minutes 2 October 21, 1997 Council Member Adolph asked if there would be a cost savings in having Building Horizons complete the rehabilitation work to which Mr. Herman responded that he wouIdn*t know until their proposal is presented. Chairman Sniff felt it might be more appropriate to use Building Horizons next year since this year is already underway. MOTION It was moved by Board Members Henderson/Holt to approve the purchase and rehabilitation of two single-family residences and authorize the Executive Director to execute the necessary documents and appropriate $240,000 from Redevelopment Project Area No.1 Low and Moderate-Income Housing Fund. Motion carried unanimously. CONSENT CALENDAR 1. APPROVAL OF DEMAND REGISTER DATED OCTOBER 21.1997. 2. TRANSMITTAL OF TREASURER'S REPORT DATED AUGUST 31, 1997. MOTION It was moved by Board Members Adolph/Holt to approve the Consent Calendar as recommended. Motion carried unanimously. DEPARTMENT REPORTS 1. TRANSMITTAL OF THE STATEMENT OF REVENUE & EXPENDITURES REPORT DATED AUGUST 31, 1997. MOTION It was moved by Board Members Holt/Adolph t6 receive and file the Revenue & Expenditures Report dated August 31, 1997. Motion carried unanimously. CHAIR AND BOARD MEMBERS' ITEMS None The Agency recessed to Closed Session to and until the hour of 7:00 p.m. CLOSED SESSION 1. Conference with Agency's real property negotiator pursuant to Government Code Section 54956.8 concerning potential terms and conditions of acquisition of real property located west of Washington Street. Property Owner Negotiator: Bill Cover. BIB] 12-02-1997-U01 11:22:00AM-U01 RDAMIN-U02 10-U02 21-U02 1997-U02 ^" m Redevelopment Agency Minutes 3 October 21, 1997 The Agency Board reconvened with no decision being made which requires reporting pursuant to Section 54957.1 of the Government Code Brown Act). 7:00 P.M. PUBLIC HEARINGS 1. FIVE-YEAR IMPLEMENTATION PLAN FOR THE LA QUINTA REDEVELOPMENT PROJECT AREA NOS. 1 AND 2. The Chairman declared the PUBLIC HEARING OPEN. Mr. Spevacek, consultant with Rosenow Spevacek Group, advised that this is a mid-term review of the Five-Year Implementation Plan adopted by the Agency in December 1 994. The purpose of the plan, which includes goals and objectives, projected redevelopment resources, proposed projects and programs, and the housing affordability compliance plan, is to guide future redevelopment activities. He advised that all of the projects set forth in the plan for Project Area No. 1 have been completed. The expenditures on those projects, which include improvements to the Cove, Washington Street bridge, and Village Shopping Center traffic signals, total $1,049,000, leaving no remaining non-housing resources to dedicate to future projects during the next21/2 years. Therefore, there are no additional non-housing projects proposed in Area No. 1. The projects set forth in the plan for Project Area No.2 have also been completed and consist of the widening of Highway 111 and the improvements to Adams Street, Washington Street, and Avenue 48. The expenditures on those projects totaled $2.8 million, leaving approximately $1.9 million for future activities in Area No.2 over the next 2Y2 years. He advised that some of the programs suggested for the future are: the provision of economic development assistance for business retention, expansion, and solicitation; improvements to Plaza La Quinta or Westward Ho; and, infrastructure needs on Dune Palms Road. He advised that all of the planned housing program projects have also been completed and have resulted in affordability covenants on 334 units, which is approximately 21 % of the City*s 10-year housing production requirement. A total of $15.1 million has been spent on housing projects since 1994 through a combination of silent second-trust deed mortgages, new residential units assistance, and infrastructure improvements on Avenue 48, Adams Street, and in the Cove. The $1 1 million remaining can be used for future housing programs such as: the Catellus residential proposal at Jefferson Street and BIB] 12-02-1997-U01 11:22:00AM-U01 RDAMIN-U02 10-U02 21-U02 1997-U02 ^"Redevelopment Agency Minutes 4 October 21, 1997 Avenue 48; future developments on agency-owned properties at Miles Avenue and Washington Street or Avenue 48 and Adams Street; or for the La Quinta Housing Program approved earlier this year which has funded up to $1.1 million of silent second-trust deed mortgages to provide home ownership opportunities for residents. Staff recommended that upon the conclusion of the public hearing, that the Agency direct staff to prepare an update of the plan and to bring it back for further consideration in December. Board Member Henderson referred to Pages 5 and 6 of the staff report and felt it would be helpful in the future to include the per unit amounts for the sewer subsidies and total housing expenditures, noting that $47,115.44 per unit makes more sense than $10,271,166 for 218 units. She also asked if CVWD's hook-up fee is included in the sewer subsidy amount to which Mr. Spevacek responded yes. In response to Gertrude Cheney, 54*255 Avenida Carranza, Mr. Spevacek advised that the Washington Street bridge project referred to in the staff report is the City*s contribution toward the Washington Street bridge at 1-10 and is not related to the Washington Street bridge near Avenue 50. There being no one else wishing to speak, the Chairman declared the PUBLIC HEARING CLOSED. MOTION It was moved by Board Members Adolph/Holt to direct staff to update the Five-Year Implementation Plan for Agency action in the month of December 1997. Motion carried unanimously. There being no further business, it was moved by Board Members Adolph/Holt to adjourn. Motion carried unanimously. Re y submitted, SAUNDRA L JUHOLA, Secretary La Quinta Redevelopment Agency BIB] 12-02-1997-U01 11:22:00AM-U01 RDAMIN-U02 10-U02 21-U02 1997-U02