HomeMy WebLinkAbout4/2/2008 - STAFF REPORTS - RA.1. COMMUNITY REDEVELOPMENT AGENCY
CITY OF PALM SPRINGS, CALIFORNIA
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MINUTES
WEDNESDAY, FEBRUARY 20, 2008
City Hall Council Chamber
CALL TO ORDER: Chair Pougnet called the meeting to order at 9:18 p.m.
ROLL CALL:
PRESENT: Agency Member Hutcheson, Agency Member Mills, Agency
Member Weigel, Vice Chair Foat and Chair Pougnet.
ABSENT: None.
ALSO PRESENT: Executive Director Ready, Agency Attorney Holland, and Assistant
Secretary Thompson.
PUBLIC COMMENT: None.
RA. CONSENT CALENDAR:
ACTION: Approve Items RA1., RA2., and RA3. Motion Agency Member
Hutcheson, seconded by Agency Member Weigel and unanimously carried
on a roll call vote.
RA1. APPROVAL OF MINUTES:
ACTION: Approve the Community Redevelopment Agency Minutes of
February 6, 2008. Approved as part of the Consent Calendar.
RA2. OWNER PARTICIPATION AGREEMENT WITH COACHELLA VALLEY
HOUSING COALITION AND DESERT HIGHLAND ASSOCIATES, LP
TO PROVIDE ASSISTANCE IN THE DEVELOPMENT OF A 59-UNIT
APARTMENT PROJECT ON A 4.45 ACRE ON LAS VEGAS ROAD IN
THE DESERT HIGHLAND NEIGHBORHOOD, INCLUDING AGENCY
FINANCIAL PARTICIPATION NOT TO EXCEED $1,200,000 IN GAP
FINANCING, MERGED PROJECT AREA NO. 1:
ACTION: 1) Adopt Resolution No. 1350, "A RESOLUTION OF THE
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM
SPRINGS, CALIFORNIA, APPROVING AN OWNER PARTICIPATION
AGREEMENT WITH COACHELLA VALLEY HOUSING COALITION AND
DESERT HIGHLAND ASSOCIATES, LP TO PROVIDE ASSISTANCE IN
THE DEVELOPMENT OF A 59-UNIT APARTMENT PROJECT ON LAS
VEGAS ROAD IN THE DESERT HIGHLAND NEIGHBORHOOD,
INCLUDING AGENCY FINANCIAL PARTICIPATION NOT TO EXCEED
Item No. R A 1 •
City of Palm Springs
Community Redevelopment Agency
February 20, 2008
Page 2
$1,200,000 IN GAP FINANCING, MERGED PROJECT AREA NO, 1;" and
2) Authorize the Executive Director to execute all necessary documents.
A0531 C. Approved as part of the Consent Calendar.
RA3. BUDGET AMENDMENT FOR FISCAL YEAR 2007-08, TO
APPROPRIATE FUNDS FOR THE OWNER PARTICIPATION
AGREEMENT WITH VIP MOTORS AND FDH ENTERPRISES:
ACTION: Adopt Resolution No. 1351, "A RESOLUTION OF THE
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM
SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR FISCAL YEAR
2007-08." Approved as part of the Consent Calendar.
ADJOURNMENT: The Community Redevelopment Agency adjourned at 9:19 p.m.
APPROVED BY A MOTION OF THE CITY OF PALM SPRINGS COMMUNITY
REDEVELOPMENT AGENCY THIS DAY OF 2008.
STEPHEN POUGNET, CHAIR
ATTEST:
JAMES THOMPSON, CITY CLERK
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