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Home My WebLink About1982-08-26MINUTES PALM DESERT REDEVELOPMENT AGENCY MEETING THURSDAY, AUGUST 26, 1982 CITY HALL COUNCIL CHAMBERS ,. * .. :': ,. * * * * * * * ;'c * * * * * * * * * * * :c k .. I. CALL TO ORDER Chairman Wilson called the meeting to order at 7:16 p.m. and noted the City Council meeting would immediately follow adjournment. II. ROLL CALL Present: Absent: Member James E. McPherson Vice Chairman Alexis D. Newbrander Member Romeo S. Puluqi Member Walter H. Snyder Chairman S. Roy Wilson Also Present: None Martin J. Bouman, Executive Director Carlos L. Ortega, Assistant City Manager William Strausz, Agency Counsel Steve Kark, Consultant Ramon Diaz, Director of Environmental Services Barry McClellan, Director of Public Works Paul E. Byers, Director of Finance Del Claussen, Assistant Secretary III. CONSENT CALENDAR A. MINUTES of the Redevelopment Agency Adjourned Meeting of July 15, 1982. Rec: Approve as presented. B. MINUTES of the Redevelopment Agency Meeting of July 22, 1982. Rec: Approve as presented. C. MINUTES of the Redevelopment Agency Meeting of August 12, 1982. Rec: Approve as presented. D. MINUTES of the Redevelopment Agency Adjourned Meeting of August 19, 1982. Rec: Approve as presented. Upon motion by Snyder, second by Puluqi, the Consent Calendar ::as unanimously approved as presented. IV. PUBLIC HEARINGS None RESOLUTIONS None MINUTES PALM DESERT REDEVELOPMENT AGENCY AUGUST 26, .; * '; * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * VI. NEW BUSINESS A. CONSIDERATION OF CITY NATIONAL BANK LETTER OF AUGUST 1982, REGARDING PAYING OFF OF AGENCY NOTE. Mr. Ortega stated City National Bank had agreed to substitute the pledge of tax revenues so that the City could give the pledge of tax revenues first priority to the bonds. This would be contingent upon the city turning over its Certificates of Deposit with them. He stated this would be beneficial to the city as the Certificates would not have to be cashed in prematurel':, with a loss in interest. He recommended the terms as stated in the letter be officially accepted by the Age-,. Board. On a motion by McPherson, second by Newbrander, the Agency Board unanimously agreed to the Terms and Conditions as stated in tie CNB letter of August 19. B. REQUEST FOR APPROVAL OF FISCAL AGENCY AGREEMENT. Mr. Strausz stated this was a standard agreement form and reviewed its purpose. He recommended approval on behalf of Staff, Agency Consultant and Agency Counsel. On a motion by Newbrander, second by McPherson, the Board voted unanimously to approve the agreement and execution by appropr: Agency officers, with City National Bank to serve as Fiscal Agent w_' respect to the Bond Issue. C. RESOLUTION NO. 159 - A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY SELLING BONDS OF THE AGENCY. Steve Kark made a presentation to the Agency Board regarding bond bids that had just been opened that morning. He indicated that the bid submitted by Merril:. Lynch was a very favorable bid, resulting from the way the bonds had been bid, with bond insurance as an opti--, which would be purchased by the bond bidder. Mr. Kark thanked the Agency Board and commended the staff for i-£ participation in putting the bond issue together, and for its cooperation with the various firms involved. On a motion by Newbrander, second by Puluqi, Resolution Nc was unanimously adopted. VII. OLD BUSINESS None VIII. CONSENT ITEMS HELD OVER None IX. ORAL COMMUNICATIONS None X. REPORTS AND REMARKS A. EXECUTIVE DIRECTOR Mr. Bouman stated he had two additional items. 2 ::INUTE S PALM DESERT REDEVELOPMENT AGENCY AUGUST 26, 1982 ;. X x * * .. ;t * * * x .. :t * .. * '.t ...'.. * ., is .. * * * * A. REPORTS AND REMARKS (Continued) 1. RESOLUTION NO. 160 - A RESOLUTION OF THE CITY OF PALM DESERT REDEVELOPMENT AGENCY AMENDING THE AGENCY BUDGET FOR THE FISCAL YEAR JULY 1, 1982, THROUGH JUNE 30, 1983. Mr. Bouman stated this resolution would make a minor change in the budget by adding two items totalling $7,000; one for consulting services and the other to complete some work on Presidents' Plaza. On a motion by McPherson, second by Snyder, Resolution No. 160 was unanimously adopted. 2. OWNER PARTICIPATION AGREEMENT WITH WESTERN ALLIED PROPERTIES, INC. FOR RANCHO BELLA VISTA. Mr. Bouman reported this matter had been discussed earlier in Study Session and deferred to Chairman Wilson. Chairman Wilson invited input from the applicant. Tom Clark, 610 Newport Center Drive, Newport Beach, CA. Mr. Clark stated the big difference seemed to be with the hillside development. He further stated that if an agreement could not be reached, it would render the entire project undevelopable. He stated a two week extension of time to discuss this matter would be of no use. Chairman Wilson noted the original plan was for a hotel nestled in a cove, and not proposed for the hillside, as now indicated on the map and plan. He stated this plan was not the same as that which was approved in 1981. Member McPherson stated he would not,like to see the city let the developer down by imposing another condition. Chairman Wilson responded that the city has been opposed to the hillside development since day one. After much discussion, the meeting was adjourned to a Closed Session to immediately follow the City Council meeting to further discuss this item. CHAIRMAN WILSON RECONVENED THE REDEVELOPMENT AGENCY MEETING AT 12:25 A.M. Mr. Strausz noted the following proposed changes to the agreement with Western Allied Properties, Inc: Pg. 3 Add Exhibit E, Development Boundary Map. Pg. 6, Item 14, will now read as follows: Time of Development Commencement. The property owner will begin construction of the project within 10 years from the date of this agreement. Pg.8, Section 22 b, will now read as follows: b. Detached hotel units (bungalows, condos, etc.) shall be permitted on land with 20% less grade any- where within the boundaries of the land use area designated as "Hotel" as shown on Exhibit "D", subject to the approval of a site plan by the City of Palm Desert; provided, however, that the major hotel - 3 - MINUTES PALM DESERT REDEVELOPMENT AGENCY AUGUST 26, 1 * * .. * ., k * !c * * * * k x * * k * * * .. !c * :'c * * k k x * is .. - X. REPORTS AND REMARKS (Continued) complex and dwelling units will be located within the boundaries as shown on the map attached hereto as Exhibit "E" unless the city approves a location outside such boundaries. Pg. 9, Section 23 b, will now read as follows: b. In recognition of the dedication of the right-of-way pursuant to Section 12 and its contribution to drainage control the property owner shall be required to pay 86° of all future master plan drainage fees. Pg. 9, Section 23 c, will now read as follows: c. All fees imposed by the City of Palm Desert as a conditi of development approval shall be on types of fees in effect as set forth in city ordinances as of the date hereof. Upon motion by Snyder, second by Newbrander, it was voted to approve the agreement, as amended and read into the record, and to be signed by appropriate agency officials. Approved on a 4-1 vote with Chairman Wilson voting NO. X. B. AGENCY COUNSEL - None C. CHAIRMAN AND MEMBERS OF THE AGENCY Chairman Wilson expressed his appreciation and that of the entire Board, to all who had participated in the bond issue, and contributed towards a successful projec: XI. ADJOURNMENT Upon motion by McPherson, second by Newbrander, the meeting was adjourned, following a short closed session, to an Adjourned Meeting on September 2, 1982 at 4:30 p.m. ��W�ON, CHAIRMAN ATTEST: DAL G'LAUSSEN, ASSISTANT SECRETARY PALM DESERT REDEVELOPMENT AGENCY