HomeMy WebLinkAbout2023-01-26 Q&A Memo2
CITY OF PALM DESERT
CITY MANAGER’S OFFICE
INTEROFFICE MEMORANDUM
Date: January 26, 2023
To: Honorable Mayor and Councilmembers
From: Anthony J. Mejia, City Clerk
Subject: City Council Meeting of January 26, 2023
Below you will find questions received from the Mayor or Councilmembers and answers provided by
City staff regarding tonight’s City Council meeting:
ITEM 1G: RECEIVE AND FILE THE ANNUAL LOW- AND MODERATE-INCOME HOUSING
ASSET FUND REPORT RELATIVE TO SB 341 (Housing Authority)
Q1: What are the revenue sources for the Low and Moderate Income Housing Fund?
A1: The Low and Moderate Income Housing Asset Fund does not have a direct revenue source
supporting it. The revenue generated in the 2022 Fiscal Year is directly related to interest
earnings and loan payoff’s. The balance in the account has a few sources (the Former
Redevelopment Agency (ROPS) has provided payments for our old City loans, the Stipulated
Judgement, our Old Housing Bond Funds, property sales, and other loan payoff’s (including
the Hovley Garden’s Loan)
ITEM 2D: REQUEST FOR DIRECTION ON A WORK PLAN FOR THE DISPOSITION OF
PROPERTIES IDENTIFIED IN THE CITY’S CENTRAL INVENTORY OF THE SURPLUS
LAND ACT (Joint Consideration with Successor Agency)
Q1: What exactly is staff asking us to do at this time?
A1: The staff report is a follow-up to the December 15, 2022, staff report on the Central Inventory
work plan. This report is intended to update the City Council on the work completed to date
(Mountain View, Alessandro Alley, and Wallaroo) and to seek confirmation for the release of
additional properties for this next year (Joslyn, others).