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HomeMy WebLinkAbout1999-07-08MINUTES REGULAR PALM DESERT REDEVELOPMENT AGENCY MEETING THURSDAY, JULY 8, 1999 CIVIC CENTER COUNCIL CHAMBER * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * I. CALL TO ORDER Chairman Spiegel convened the meeting at 4:04 p.m. H. ROLL CALL Present: Member Jean M. Benson Vice Chairman Buford A. Crites Member Jim Ferguson Member Richard S. Kelly Chairman Robert A. Spiegel Also Present: Ramon A. Diaz, City Manager David J. Erwin, City Attorney Sheila R. Gilligan, Director of Community Affairs/City Clerk Carlos L. Ortega, RDA Executive Director Richard J. Folkers, ACM/Director of Public Works John M. Wohlmuth, ACM/Director of Administrative Services Patrick Conlon, Director of Building and Safety Phil Drell, Director of Community Development Paul S. Gibson, Director of Finance/City Treasurer Rachelle D. Klassen, Deputy City Clerk Upon a motion by Member Ferguson, second by Vice Chairman Crites, and unanimous vote of the Redevelopment Agency Board, Chairman Spiegel adjourned the meeting to Closed Session at 6:20 p.m. He reconvened the meeting at 7:01 p.m. III. CONSENT CALENDAR A. MINUTES, of the Regular Meeting of the Redevelopment Agency of June 24, 1999. Rec: Approve as presented. MINUTES PALM DESERT REDEVELOPMENT AGENCY MEETING JULY 8, 1999 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * B. CLAIMS AND DEMANDS AGAINST THE AGENCY TREASURY - Warrant Nos. 58RDA, 59RDA, 58HA, 59HA, 59 Housing, and 58DR. Rec: Approve as presented. C. MASTER PORTFOLIO SUMMARY for the Period Ending May 31, 1999. Rec: Receive and file. D. REQUEST FOR APPROVAL of Financial Real Estate Analysis Consulting Contract (Contract No. R16280). This item was removed for separate consideration under Item IV, Consent Items Held Over. Please see that portion of the Minutes for discussion and action. E. REQUEST FOR APPROVAL of Professional Services Agreement (Contract No. R16290). Rec: By Minute Motion, approve an agreement with Cotton/Beland/Associates, Pasadena, California, for professional services in an amount not to exceed $30,000 and appropriate funds from Account No. 850-4195-466-3092. F. $LOUEST FOR APPROVAL of Change Order No. 7 to Contract No. R13320-D. -- Construction Services at Santa Rosa Apartments. Rec: By Minute Motion, approve Change Order No. 7 to subject contract with Contreras Construction Company, Indio, California, in the amount of $10,953.25, for grading services, and authorize the appropriation of such funds from the Agency's Unobligated Housing 20% Set -Aside Fund. G. REQUEST FOR ACCEPTANCE OF WORK for Contract No. R13320-D -- Construction Services at Santa Rosa Apartments (Contreras Construction Company, Indio, California). Rec: By Minute Motion, accept the work as complete and authorize the City Clerk to file a Notice of Completion for the subject project. Chairman Spiegel requested Item D be held over for separate consideration. Upon a motion by Vice Chairman Crites, second by Member Kelly, and 4-0 vote of the Agency Board with Member Ferguson ABSENT, the remainder of the Consent Calendar was approved as presented. 2 MINUTES PALM DESERT REDEVELOPMENT AGENCY MEETING JULY 8, 1999 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * IV. CONSENT ITEMS HELD OVER D. REQUEST FOR APPROVAL of Financial Real Estate Analysis Consulting Contract (Contract No. R16280). Vice Chairman Crites said he realized there were probably good reasons for why the Agency Board just now received the information on this item. Therefore, he asked if the decision could be continued. Mr. Ortega said staff was unaware that there would be an adjourned meeting scheduled for the end ofJuly; therefore, it rushed to place this item on today's agenda without being fully prepared. Vice Chairman Crites moved to continue the item to the adjourned joint meeting of the City Council and Redevelopment Agency ofJuly 22. Motion was seconded by Chairman Spiegel and carried by 4-0 vote with Member Ferguson ABSENT. V. RESOLUTIONS A. RESOLUTION NO. 376, - A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY AGREEING TO TERMS OF A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT MAKING A FURTHER APPROPRIATION TO THE REDEVELOPMENT REVOLVING LOAN FUND (JOINT CONSIDERATION WITH THE PALM DESERT CITY COUNCIL). Mr. Ortega said the subject matter was a housekeeping item; it recognized the loan made to the Agency for purchase of the property known as the Ahmanson property. In response to Councilman/Member Ferguson's question about the loan's term, Mr. Ortega said there was no date certain when it needed to be repaid, the Agency just kept paying interest to the City. Councilman/Member Ferguson moved to waive further reading and adopt Resolution No. 376. Motion was seconded by Councilman/Member Kelly and carried by unanimous vote. 3 MINUTES PALM DESERT REDEVELOPMENT AGENCY MEETING JULY 8, 1999 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * VL NEW BUSINESS A. REQUEST FOR APPROVAL OF BUSINESS SUPPORT LOAN PROGRAM (JOINT CONSIDERATION WITH THE PALM DESERT CITY COUNCIL). The following is a verbatim transcript of this item. may: RAS Robert A. Spiegel, Mayor/Chairman RAD Ramon A. Diaz, City Manager RAM Ruth Ann Moore, Business Support Manager JF Jim Ferguson, Councilman/Member DL Dan Lanager, Business Support Technician BAC Buford A. Crites, Mayor Pro-Tempore/Vice Chairman JMB Jean M. Benson, Councilmember/Member RSK Richard S. Kelly, Councilman/Member BP Bill Powers, President, First Community Bank PD Phil Drell, Director of Community Development SRG Sheila R. Gilligan, Director of Community Affairs/City Clerk/Agency Secretary RAS Request for approval of Business Support Loan Program. Joint consideration with the Palm Desert Redevelopment Agency. RAD Yes. Ruth Ann Moore will give this report. RAM Honorable Mayor, Members of the Council, when the Business Support Center was created, one of the goals the City Manager and the Council had was the exploration of a business loan program. Just as the City works with developers of large projects, so a loan program will work toward the success of individual businesses. Before you is a staff report that contains the review for a loan program, goals and general criteria, loan process and performance flow charts, loan descriptions, committee member recommendations, an example of the application we would use for the program, and loan recommendations from both the RDA and City Attorneys. Staff would ask that you act on the recommendations, as outlined in the report, and Dan Lanager, our Business Support Technician, and myself are available for questions. RAS Council have any questions of...Ruth Ann...I should mention that this went before the Finance Committee and was approved by the Finance Committee. JF Yeah. I have a number of questions. RAS Okay. 4 MINUTES PALM DESERT REDEVELOPMENT AGENCY MEETING DULY 8, 1999 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * JF Who in your department is qualified to examine loan portfolios? RAM Dan is...qualified for that. He...came from the banking world with us. He was...manager of a...with VIB. JF Okay. And would that include assessing moral risk, business risk, noncontrollable factors, and business plans, both before, during, and after the loan? RAM Yeah. Dan, would you like to come up front, please, and speak on that? JF Thank you. RAS Page nine has the committee that will approve the loans. JF I read the staff report. DL In reference to your question, Councilman Ferguson, we do anticipate...forming the loan review committee with specific people in our community to...to look over the moral risk...the credit risk, and also the pro formas, and that's one of the reasons why we're requesting to form this review committee. JF Okay. So when we say moral risk, even if something fits within our existing zone, we'll be taking a second moral review of whether or not we want to loan them money? Or am I just reading this... DL No...that's going to be written in the criteria, and we find that to be most important that when we stipulate criteria, that we're going to follow what's already...considered for moral risk. JF And as I understand this, none of these expenses can be used for operating expenses or capital equipment? So are we really talking about tenant improvements and building improvements? RAM Our suggestion would be that that would...that's our recommendation to write within the criteria. JF Well there's a letter from our Agency Counsel that, in fact, says we're prohibited by law from doing anything but, essentially, building improvements. RAM That's the Redevelopment money? JF Yeah. RAM The City money you can actually use for other purposes. JF So you would envision subsidizing operating expenses? 5 MINUTES PALM DESERT REDEVELOPMENT AGENCY MEETING DULY 8, 1999 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * RAM That would not be our envisioning, just because you can. JF Okay. So back, are we back to... RAM We wouldn't want to set that...it wouldn't be our staff recommendation to set that within the criteria, and the criteria would be coming back to Council for review prior to enacting it. JF So are we talking about tenant...? RAM No. In my...as the staff recommendation, mine would be no. JF All right. What are we funding, then, I guess is more the way to... BAC Let me just throw a quick comment in that might help, Jim. When this was discussed at the Finance Committee, there was, I think, broad conceptual support for it. But, as an example, should we choose to go ahead this evening, I would suggest that we, rather than appropriate monies, that we reserve monies until we look at the design loan criteria and purposes that really we don't have yet, and those are the kinds of issues that I think you're addressing. JF Ah...no, I'm more at a philosophical level on why on earth good government needs to get involved in the banking business, and if we are talking about financing building improvements, why the private sector can't take care of it. And if we're talking about funding it with a million dollars, I'm wondering if this is the road we ought to even be embarking on, and if I wasn't a part of discussions about that previously, I apologize, but I still have the same questions. JMB It's my understanding that this kind of parallels the HIP program, the home improvement one, that we loan money to the people to fix up their homes, their fences, their roofs, and all that, and that's what this was an answer to the business community to fix up buildings, et cetera, like along the north side of 111 that needed cosmetic work, and all that. JF Yeah. As I understand the housing program, the HIP program is a County program that we help administer and help applicants qualify for a County program. I think it's different than us undertaking...I guess the correct analogy would be us... JMB But we do have Redevelopment money in the HIP program. JF Pardon me? JMB We have Redevelopment money in the HIP. JF No, I understand that, and we have grants and a whole series of things, but...I guess I would draw the distinction between those two would be if our Business Support Center helped work with commercial lenders, Small Business Administration, loan guarantees for minority and women - owned businesses and assisted them using private market and other governmental entities for 6 MINUTES PALM DESERT REDEVELOPMENT AGENCY MEETING JULY 8, 1999 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * business support, as opposed to funding it ourself staffing it ourself, and running a loan program, and basically becoming a bank to the tune of a million dollars. I just...open up those questions. I'm not passing judgment on it. JMB Yeah. I know. Yeah. RSK You have a philosophy disagreement with that. JF Perhaps. RSK Me, too. RAS Well...from my standpoint, there are commercial parts of Palm Desert that we'd like to see improved from an appearance standpoint, primarily. And where the owner of these businesses does not have the ability to go to one of our banks and get a loan because there's not enough there, but if that owner then puts together a proposal that is reviewed by two Palm Desert commercial lenders, a member of the Palm Desert Small Business Finance Corporation, a member of the Inland Empire Lenders Community Development Corps, a member of the California Small Business Development Corporation, and our City Finance Director, and then they feel that from a lot of reasons it makes sense to loan the money to this person even though his assets don't really warrant it, and there is some collateral there, and that would be up to them to make the decision, it could help improve the...way the City looks. And it would also give us more of a hammer when it comes to Code Enforcement. We have areas in our City that, in my opinion, are substandard, and it's difficult to go in and tell a commercial business that you've got to do something when they don't have the money to do it. And so I look at this as...an asset to the City and an asset to our small businesses. We happen to have a member of the banking community that is with us tonight, I don't know that he's there for that reason, but...maybe Mr. Powers would like to come forward and give us his thoughts on...the program. RSK I'd like to hear them. JMB Jim, I might, before Bill speaks, I was just going to say that on that Inland Empire Lenders Community Development Corps, they made a presentation the same, similar program, if I'm not mistaken, to Riverside County at one of Roy's breakfasts. A lot of our own local banks put money into that program, so they're helping that program along and not being a bank, but the bank's giving them money. BP I was just walking by. RAM He didn't plan it, I swear. BP One of the issues that you may want to consider, because we participate in these throughout the Valley and in the High Desert, and what they usually do is you'll set up a pool of funds, like the million dollars you're talking about, and use that as a guarantee. And then the bank can go ahead 7 MINUTES PALM DESERT REDEVELOPMENT AGENCY MEETING DULY 8, 1999 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * and make the loan, and then we keep you out of the banking business and just as a friendly guarantor, just in case the borrower would default or something, we'd have something to fall back on. RAS You got a partner. BP Yeah. And nine times out of ten, these folks that are trying to, or you would like to see them fix up their businesses, whoever made the comment, they probably don't qualify for a bank loan. RAS Dick. RSK Rather than just...because that's basically kind of like securing a loan. Rather than securing a loan, could we consider subsidizing part of the interest rate so it would be more affordable, and that way we wouldn't be sticking in there and securing the loan and wind up paying. RAD It's also in... RAM Councilman Kelly? RSK I can see where a citizen might criticize us doing that. Where there would be no criticism, I wouldn't think, in subsidizing part of the interest so that they could afford to get the loan. CounciU Agency Members That's part of the program. RSK Well that's the part that I would rather do, that. JF I don't disagree with the Mayor. I would love to help these businesses. There's a State program called the Storefront Abatement Program that helps communities help small businesses put new facades on their businesses and clean them up. As I read the report, it looked to me like it was mostly building improvements, which owners of property ought to be responsible for. If they need a little incentive to do the storefronts, there's existing programs for it, and if we want to buy down some of the interest, just on a straight assistance program, that's great. But when we have our staff going out, monitoring business plans, and telling them how to run their business to secure our loan and taking their equipment out of their store when our loan doesn't get repaid, that to me is just an uncomfortable involvement for a small community, like ours, with business. RAM And that may be an idea not to go with the revolving loan fund, because that's actually what the revolving loan fund would do versus setting up the guarantees that Mr. Powers was talking about... JF And if I were a bank, I'd love the City of Palm Desert to guarantee my loans. 8 MINUTES PALM DESERT REDEVELOPMENT AGENCY MEETING JULY 8, 1999 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * RSK Well...generally speaking, where you see these used, it's some, they have some reason for a block, or two blocks, or something where they're redoing the whole thing and trying to bring the city up to a better level. It's not usually a store here and a store there, and so I'm inclined to agree with Councilman Ferguson that... BP If I could, one other point, my experience in these kinds of loans, the default rate is very, very low. People take pride in what they're doing, they do everything they can to pay it back. And I haven't seen one yet that defaulted with the first payment, ever. So by the time it moves on through the process, your exposure, you know, goes down every single month. JF Yeah, but Bill you're asking us to guarantee loans that your bank would reject, otherwise. BP Not necessarily. But it's easier if there's a guarantee. JF Well, of course. RSK (Unclear) BP Of course, some people just absolutely no...no way to do it. I mean, it's up to you. PD If I can add a little bit here. In terms of the philosophical question of why we would participate in loans where the banks don't, and that is, very simply, that banks loan money to receive income off repayment of loan. That is their sole reason for doing it. If they feel the risks outweigh their financial...direct financial return for repayment of the loan, they don't do the loan. We have a much broader goal— we're, in essence, a partner with all our businesses. We receive one percent of the gross, in terms of sales tax. We receive the visual benefits of a successful business. So we have a much broader objective to see the improvements that successful businesses bring to the City, and that's why a marginal loan, which a banker would not participate in purely based on the financial return of the repayment, while when we take it into our broad objectives, that tips the balance. We're talking about nearly bankable loans; ones which almost make sense to the lender but don't because of their narrow objective. We have this much broader benefit from successful businesses, and therefore, that would tip the balance, and that would justify our participation. RAS Any other questions of staff? BAC One other thing, at least when I was in the meeting that I asked for is, I believe, or intended to, was to bring to us some examples. I remember, you know, I had palpitations about the potential nonpayment rates that are tucked into here, and so on, and so you were going to go look at examples of programs...that were successful that did not have default, or whatever, rates that approached some of the issues of 20% a year, and so on, and so forth. RAM We did...look at some of those programs, and what we found was that they did not have a criteria written out prior to it. In other words, they were not looking, they did not decide ahead of time how much they wanted to risk on a high risk loan. For example, if we had a certain set fund, we 9 MINUTES PALM DESERT REDEVELOPMENT AGENCY MEETING JULY 8, 1999 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * may only want to put aside 20% of that fund to loan to what would be defined as a high risk, typically a restaurant is considered a high risk, various products like that. We tried to talk to a bank about, the banks about getting a listing, and we did not receive that from them prior to this. BAC So we still don't have examples of those? RAM No. BAC Okay. RAS Comments? DL If I could just make one more comment, Councilman Crites. One thing we found with talking with other cities as far as the risk and involvement, they strongly suggest that we piggyback with the financial institutions and work with the financial institutions. For instance, we wouldn't be writing the business plan, telling them how to run their business. But doing adminis-...the banks would actually do the administration, as Mr. Powers had mentioned, when you work with the banks, and they're doing the administration, number one, that alleviates an extensive amount of cost to the City. And number two, we...we are not a bank, and we don't anticipate being set up as a bank but working with the resources that are available to us within the City to assist in different areas, and we would look at each business and each criteria very specifically once we have the standard criteria set to complement the objectives of the City of Palm Desert. BAC Let me rephrase my question, then. Who in this Valley operates a kindred program that you would consider a worthy model? DL To be honest, what we found... JF Please do. DL ...for a program, none. The City of Palm Desert, or excuse me, Palm Springs actually has specific programs, but what they use are in conjunction with the other banks in a HUD program which they haven't done any loans with as of this time. JF Can I follow up on that, then? You say in your staff report that you've contacted various California cities, and if we're going to embark on this road, I would at least like to have the opportunity to take a look at several other cities' programs, how they...what their definition is of moral fitness for a loan-- there's just a lot of questions I have in it. DL Right. And what I've found, we found that the City of Long Beach has a very good program, a very successful program. JF Can we consider, perhaps, continuing this for a little bit so we can get some more information? 10 MINUTES PALM DESERT REDEVELOPMENT AGENCY MEETING JULY 8, 1999 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * RAS Anything you want. JF That would...and I'll tell you where I'm coming from; if this is like, as Councilmember Benson said, like a HIP program where you aren't funding a business, but you're trying to assist marginal operators to do marginal improvements to make it look better, that's one thing. It's another thing to have a million dollar revolving loan program where, you know, basically, we're in a lending function, and I'll be the first to admit it's my learning curve that needs to get a little steeper. But based on what I got with this report, I didn't get very far along, and I'd like to get some more information. RSK Was that a motion? JF That was a motion to continue. RSK I'll second that. BAC Also it would be, I think, useful if you had, let's say, four, say you had four different arenas in which you wish to do this...this type...this type...this type...to give us an example or two of the kind of application that you think would be reviewed favorably. You know, what...what are we going to look at, say yes to, the kinds of amounts, and what do we believe, then, that we'll have four years later, two years later as a result of it. Does that...? RAS Councilman Kelly. RSK Well, you know, I'd be in favor of loans that would clean something up, existing business, but it doesn't make sense to me to help somebody start a business. If it's that marginal, maybe they'd better not start one. JMB Yeah. I would be in favor of the existing rehabilitation and to see something, but not to have...(unclear). JF Well and along those lines, I, it would be breathtaking to use Redevelopment money to actually do redevelopment with older neighborhoods that need it, and... RAS No, we don't want to do that. JF ...I'm not wild about taking a million dollars of General Fund money and supplying it to this program. RAS Well why don't we do this, I haven't commented yet. Why don't we do this, after hearing what everybody said, suggest that the Business Support Center do a little more homework on, you've mentioned Long Beach, let's find three or four other cities out there that have successful programs, and if it's necessary to take a trip, take a trip; come back and show us some 11 MINUTES PALM DESERT REDEVELOPMENT AGENCY MEETING JULY 8, 1999 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * applications that were successful; show us some of the things that they've been able to accomplish with the program, and then come back to us with your recommendations. RSK You have a motion and a second already. RAS Yes we do. Yes we do. Please vote. I just wanted to... SRG Motion carries by unanimous vote. Are you continuing this until the information's ready, no specific date? Thank you. For purposes of clarification, Councilman/Member Ferguson moved to continue consideration of the Business Support Loan Program to a date uncertain. Motion was seconded by Councilman/Member Kelly and carried by unanimous vote. VH. CONTINUED BUSINESS A. CONSIDERATION OF APPROVAL OF THE DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN PALM DESERT REDEVELOPMENT AGENCY AND CALIFORNIA STATE UNIVERSITY (JOINT CONSIDERATION WITH THE PALM DESERT CITY COUNCIL) (Continued from the meeting of June 24, 1999). Mayor Pro-TemporeNice Chairman Crites moved to continue the item to a time uncertain. Motion was seconded by Councilmember/Member Benson and carried by a 4-1 vote with Councilman/Member Ferguson voting NO. VHI. OLD BUSINESS None IX. REPORTS, REMARKS, AND AGENCY BOARD ITEMS REQUIRING ACTION A. EXECUTIVE DIRECTOR None 12 MINUTES PALM DESERT REDEVELOPMENT AGENCY MEETING JULY 8, 1999 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * B. AGENCY COUNSEL Request for Closed Session: Conference with Real Property Negotiator pursuant to Section 54956.8: 1) Property: Land located in Section 4 - Desert Willow Negotiating Parties: Agency: Carlos L. Ortega Property Owner: Palm Desert Redevelopment Agency Under Negotiation: Price x Terms of Payment 2) Property: APN 653-360-010, APN 653-360-011 APN 653-360-012 Negotiating Parties: Agency: Carlos L. Ortega/Dave Yrigoyen Property Owner: ART PALM/Basic Capital Management Under Negotiation: Price x Terms of Payment 3) Property: APN 620-400-015 Negotiating Parties: Agency: Carlos L. Ortega/Dave Yrigoyen Property Owner: Empire Parkway Centre, LP Under Negotiation: _ cZ Price _ x Terms of Payment 4) Property: APN 620-400-016 Negotiating Parties: Agency: Carlos L. Ortega/Dave Yrigoyen Property Owner: Hinton Financial Services, Inc., et al. Obed Enterprises, Inc. Under Negotiation: x Price x _ Terms of Payment C. CHAIRMAN AND MEMBERS OF THE AGENCY None X. AWARDS, PRESENTATIONS, AND APPOINTMENTS None 13 MINUTES PALM DESERT REDEVELOPMENT AGENCY MEETING JULY 8, 1999 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * XI. PUBLIC HEARINGS A. REQUEST FOR APPROVAL OF THE SALE OF MOBILE HOME LOT NOS. 26 (APN 622-351-026) AND 57 (APN 622-3 51-05 7), LOCATED AT 43-155 PORTOLA AVENUE (PORTOLA PALMS MOBILE HOME PARK) AT FAIR MARKET VALUE (JOINT PUBLIC HEARING WITH THE PALM DESERT CITY COUNCIL). Mr. Diaz said this was a continuation of the sale of mobile home lots at Portola Palms Mobile Home Park. Mr. Ortega stated the purpose of the public hearing was to allow anyone who objected to the sale of the lots opportunity to express those opinions. Staff recommended approval. Mayor/Chairman Spiegel declared the public hearing open and invited testimony FAVORING or OPPOSING the subject sale of mobile home lots. With no testimony offered, he declared the public hearing closed. Mayor Pro-TemporeNice Chairman Crites moved to: 1) Waive further reading and adopt Resolution No. 99-74, authorizing the Palm Desert Redevelopment Agency to sell mobile home Lot Nos. 26 and 57, located at 43-155 Portola Avenue (Portola Palms Mobile Home Park) at fair market value; 2) waive further reading and adopt Redevelopment Agency Resolution No. 375, making and finding that the sales price for the lots are not less than their fair market value in accordance with the highest and best used under the Redevelopment Plan for Project Area No. 1, Amended. Motion was seconded by Councilman/Member Kelly and carried by 4-0 vote with Councilman/Member Ferguson ABSENT. XH. ORAL COMMUNICATIONS None XIII. ADJOURNMENT Upon a motion by Vice Chairman Crites, second by Member Kelly, and 4-0 vote of the Agency Board with Member Ferguson ABSENT, Chairman Spiegel adjourned the meeting at 8:20 p.m. to 3:00 p.m. Thursday, July 22, 1999, for a Joint Meeting of the City Council and Redevelopment Agency. EST: -"SHEILA R. GILLIGAN, S' ' TARY TO THE PALM DESERT REDE OPMENT AGENCY /W.l‘AY: ,� L ROBERT A. SPIEGELX 14