HomeMy WebLinkAbout2006-07-05 STAFF REPORTS RA1 CITY OF PALM SPRINGS
COMMUNITY REDEVELOPMENT AGENCY
MINUTES
WEDNESDAY, JUNE 7, 2006
CITY COUNCIL CHAMBER
CALL TO ORDER: Chair Oden called the meeting to order at 8:24 P.M.
ROLL CALL:
PRESENT: Agency Member Mills, Agency Member McCulloch, Agency
Member Pougnet, Vice-Chair Foat and Chair Oden.
ABSENT: None.
ALSO PRESENT: Executive Director Ready, Agency Attorney Holland, Assistant
Secretary Thompson.
PUI3LIC COMMENT: None.
The City Council and the Community Redevelopment Agency convened at 8:24 P.M.
JOINT PUBLIC HEARING:
RA'I. AMENDMENT NO. 1 TO AGREEMENT NO. A0495C, WITH VISTA SUNRISE
APARTMENTS, LP, RESTATED AND AMENDED DISPOSITION AND
DEVELOPMENT AGREEMENT TO APPROVE ADDITIONAL FUNDING IN
THE AMOUNT OF $200,000:
John Raymond, Director of Community and Economic Development, provided
background information as outlined in the staff report dated June 7, 2006.
Vice-Chair Foat requested staff address the participation of the investor, and any
contingency fund.
Agency Member Mills requested staff address the timing of the original
construction bid.
Chair Oden opened the public hearing, and no speakers coming forward the
public hearing was closed.
ACTION: 1) Adopt Resolution No. 1300, "A RESOLUTION OF THE
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM
SPRINGS, CALIFORNIA, APPROVING AMENDMENT NO. 1, A RESTATED
AND AMENDED DISPOSITION AND DEVELOPMENT AGREEMENT,
PROMISSORY NOTE, AND DEED OF TRUST WITH THE ASSIGNMENT OF
RENTS WITH VISTA SUNRISE APARTMENTS, LP TO APPROVE
ADDITIONAL FUNDING IN THE AMOUNT OF $200,000;" and 2) Authorize the
Executive Director to execute all necessary documents. A0495C. Motion
Item No. R " 1 .
City of Palm Springs
Community Redevelopment Agency
June 7, 2006 Minutes
Page 2
Agency Member Pougnet, seconded by Agency Member Mills and
unanimously carried on a roll call vote.
RA2. ADOPTION OF FISCAL YEAR 2006-07 BUDGET:
Executive Director Ready provided background information as outlined in the
staff report dated June 7, 2006.
Chair Oden opened the public hearing, and no speakers coming forward the
public hearing was closed.
ACTION: 1) Adopt Resolution No. 1301, "A RESOLUTION OF THE
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM
SPRINGS, CALIFORNIA, APPROVING A BUDGET FOR THE FISCAL YEAR
2006-07;" and 2) Direct the Executive Director and Director of Finance and
Agency Treasurer to take the necessary action to execute the adoption of the
budget. Motion Councilmember Mills, seconded by Councilmember
Pougnet and unanimously carried on a roll call vote.
RA3. APPROVAL OF MINUTES:
ACTION: Approve the Community Redevelopment Agency Minutes of April 5,
2006. Motion Mayor Pro Tern Foat, seconded by Councilmember McCulloch
and carried 3-0 on a roll call vote.
AYES: Agency Member McCulloch, Vice-Chair Foat and Chair Oden.
NOES: None.
ABSTAIN: Agency Member Mills and Agency Member Pougnet.
ADJOURNMENT: The Community Redevelopment Agency adjourned at 9:10 P.M.
APPROVED BY A MOTION OF THE CITY OF PALM SPRINGS COMMUNITY
REDEVELOPMENT AGENCY THIS DAY OF 2006.
Chair
ATTEST:
Assistant Secretary
CITY OF PALM SPRINGS
COMMUNITY REDEVELOPMENT AGENCY
MINUTES
WEDNESDAY, JUNE 21, 2006
CITY COUNCIL CHAMBER
CALL TO ORDER: Vice-Chair Foat called the meeting to order at 9:45 P.M.
ROLL CALL:
PRESENT: Agency Member Mills, Agency Member McCulloch, Agency
Member Pougnet and Vice-Chair Foat.
ABSENT: Chair Oden.
ALSO PRESENT: Executive Director Ready, Agency Attorney Holland, Assistant
Secretary Thompson.
PUBLIC COMMENT: None.
The: City Council convened as a Joint Meeting of the City Council and the City of Palm
Springs Community Redevelopment Agency at 9:45 P.M.
JOINT PUBLIC HEARING:
RA'1. AMENDMENT NO. 3 TO AGREEMENT NO. A0339C AN AMENDED
DISPOSITION AND DEVELOPMENT AGREEMENT WITH THE AGUA
CALIENTE BAND OF CAHUILLA INDIANS ON PROPERTIES IN PROXIMITY
TO THE SPA HOTEL AND SPA RESORT CASINO, SECTION 14, MERGED
PROJECT AREA NO. 2:
ACTION: 1) Continue the Public Hearing; and 2) Direct staff to re-notice the
Hearing. Motion Agency Member Mills, seconded by Agency Member
Pougnet and unanimously carried 4-0, noting the absence of Chair Oden.
RA2. AMENDMENT NO. 2 TO AGREEMENT NO. A0490C, A DEVELOPMENT AND
DISPOSITION AGREEMENT, WITH CENTURY CROWELL COMMUNITIES,
LP D/B/A/ MOUNTAIN GATE II PALM SPRINGS VENTURE, LLC ADJUSTING
THE TERMS OF THE AGENCY BUYER ASSISTANCE NOTE TO ALLOW IT
TO AMORTIZE OVER A PERIOD OF FIVE YEARS, FOR FIVE SINGLE
FAMILY INFILL HOMES FOR MODERATE INCOME HOUSEHOLDS IN THE
DESERT HIGHLAND GATEWAY AREA OF MERGED PROJECT AREA NO. 1:
John Raymond, Director of Community and Economic Development, provided
background information as outlined in the staff report dated June 21, 2006.
Vice-Chair Foat opened the public hearing, and the following speakers
addressed the Agency Members.
City of Palm Springs
Community Redevelopment Agency
June 21, 2006 Minutes
Page 2
TOM HILL, Century Homes, provided background information on the conditions
and the sales of the homes based on the agreement.
No further speakers coming forward, the public hearing was closed.
Vice-Chair Foat requested staff explain a silent second mortgage.
Agency Member McCulloch commented on the fiscal impact statement and
requested information with respect to the source of funds.
ACTION: 1) Adopt Resolution No. 1302, "A RESOLUTION OF THE
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM
SPRINGS, CALIFORNIA, APPROVING AMENDMENT NO. 2 TO DISPOSITION
AND DEVELOPMENT AGREEMENT NO. A0490C, BETWEEN CENTURY
CROWELL COMMUNITIES, LP D/B/A/ MOUNTAIN GATE II PALM SPRINGS
VENTURE, LLC AND THE COMMUNITY REDEVELOPMENT AGENCY,
ADJUSTING THE TERMS OF THE AGENCY BUYER ASSISTANCE NOTE TO
ALLOW IT TO AMORTIZE OVER A PERIOD OF FIVE YEARS, FOR FIVE
SINGLE FAMILY INFILL HOMES FOR MODERATE INCOME HOUSEHOLDS IN
THE DESERT HIGHLAND GATEWAY AREA OF MERGED PROJECT AREA
NO. 1;" and 2) Authorize the Executive Director, or his designee, to execute all
documents related to the agreement. A0490C. Motion Agency Member
Pougnet, seconded by Agency Member Mills and unanimously carried 4-0,
noting the absence of Chair Oden.
ADJOURNMENT: The Community Redevelopment Agency adjourned at 9:59 P.M.
APPROVED BY A MOTION OF THE CITY OF PALM SPRINGS COMMUNITY
REDEVELOPMENT AGENCY THIS DAY OF 2006.
Chair
ATTEST:
Assistant Secretary