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HomeMy WebLinkAbout5/23/2007 - STAFF REPORTS - RA.1. CITY OF PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY MINUTES WEDNESDAY, APRIL 4, 2007 CITY COUNCIL CHAMBER CALL TO ORDER: Chair Oden called the meeting to order at 9:37 P.M. ROLL CALL: PRESENT: Agency Member Foat, Agency Member McCulloch, Agency Member Mills, Vice Chair Pougnet, and Chair Oden. ABSENT: None. ALSO PRESENT: Executive Director Ready, Agency Attorney Holland, and Assistant Secretary Thompson. PUBLIC COMMENT: None. RA1. FIVE YEAR IMPLEMENTATION PLAN 2004-09 AND TEN YEAR HOUSING COMPLIANCE PLAN FOR MERGED REDEVELOPMENT PROJECT AREA NO. 1 AND 2: John Raymond, Director of Community and Economic Development, provided background information as outlined in the staff report dated April 4, 2007. Vice Chair Pougnet requested staff address the balance between household income in each project area and the location of affordable housing projects. Chair Oden opened the public hearing, and no speakers coming forward the public hearing was closed. ACTION: Adopt Resolution No. 1324, "A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, ADOPTING AND APPROVING A FIVE YEAR IMPLEMENTATION PLAN AND TEN YEAR HOUSING COMPLIANCE PLAN FOR THE PALM SPRINGS MERGED REDEVELOPMENT PROJECT AREA NO. 1 AND 2." Motion Agency Member McCulloch, seconded by Agency Member Foat and unanimously carried on a roll call vote. RA2. APPROVAL OF MINUTES: ACTION: Approve the Community Redevelopment Agency Minutes of March 7, 2007. Motion Vice Chair Pougnet, seconded by Agency Member Foat and carried 4-0 on a roll call vote. AYES: Agency Member Foat, Agency Member McCulloch, Agency Member Mills, and Vice Chair Pougnet. NOES: None. ABSTAIN: Chair Oden. ITEM NO. �A� City of Palm Springs Community Redevelopment Agency April 4, 2007 Minutes Page 2 ADJOURNMENT: The Community Redevelopment Agency adjourned at 9:46 P.M. APPROVED BY A MOTION OF THE CITY OF PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY THIS DAY OF 12007. Chair ATTEST: Assistant Secretary u1�1r'E� CITY OF PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY MINUTES WEDNESDAY, APRIL 18, 2007 CITY COUNCIL CHAMBER CALL TO ORDER: Chair Oden called the meeting to order at 8:29 P.M. ROLL CALL: PRESENT: Agency Member Foat, Agency Member McCulloch, Agency Member Mills, Vice Chair Pougnet, and Chair Oden. ABSENT: None. ALSO PRESENT: Executive Director Ready, Agency Attorney Holland, and Assistant Secretary Thompson. PUBLIC COMMENT: None. THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY CONVENED AT 8:29 P.M. AS A JOINT MEETING WITH THE CITY COUNCIL. RA1. AMENDMENT NO. 2 TO A RESTATED AND AMENDED DISPOSITION AND DEVELOPMENT AGREEMENT, PROMISSORY NOTE, AND DEED OF TRUST WITH ASSIGNMENT OF RENTS WITH HACIENDA SUNSET AFFORDABLE HOUSING: John Raymond, Director of Community and Economic Development, provided background information as outlined in the staff report dated April 18, 2007. Agency Member Mills requested staff address the City/RDA funding of this portion of the project. Chair Oden opened the public hearing, and no speakers coming forward the public hearing was closed. Agency Member Foat requested staff address the funding and completion of the park. Agency Member Mills requested staff address the timing of reporting the shortfalls, and what would happen if the City declines to fund the additional overage. JOHN AGUILERA, Coachella Valley Housing Coalition, commented on the additional costs and the request for additional funding. Chair Oden commented on the amount of this request compared to the benefits provided by the Coalition with affordable housing, and stated the City is better served. Agency Member Mills commented on the project and the benefit to the City, and reiterated the financial commitment of the City. City of Palm Springs Community Redevelopment Agency April 18, 2007 Minutes Page 2 ACTION: 1) Adopt Resolution No. 1325, "A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING AMENDMENT NO. 2 TO A RESTATED AND AMENDED DISPOSITION AGREEMENT, PROMISSORY NOTE AND DEED OF TRUST WITH ASSIGNMENT OF RENTS WITH HACIENDA SUNSET AFFORDABLE HOUSING ASSOCIATES, A CALIFORNIA LIMITED PARTNERSHIP TO APPROVE ADDITIONAL FUNDING IN THE AMOUNT OF $236,281;" and 2) Authorize the Executive Director to sign all necessary documents. A0448C. Motion Vice Chair Pougnet, seconded by Agency Member McCulloch and unanimously carried on a roll call vote. ADJOURNMENT: The Community Redevelopment Agency adjourned at 8:54 P.M. APPROVED BY A MOTION OF THE CITY OF PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY THIS DAY OF 12007. Chair ATTEST: Assistant Secretary �210 Z"