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2/13/2001 - City Council Minutes - CC Minutes Reg Meeting APPROVED BY DIRECTORS ON FEBRUARY 27, 2001 ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA MINUTES OF A REGULAR MEETING February 13, 2001 4:30 P.M. SESSION The Orange Redevelopment Agency ofthe City of Orange, California convened on February 13, 2001 at 4:30 p.m. in a Regular Meeting in the Council Chambers, 300 E. Chapman Avenue, Orange, California. 1. ROLLCALL PRESENT - Slater, Alvarez, Chairman Murphy, Coontz ABSENT - None 2. PUBLIC COMMENTS - None. 3. CONSENT CALENDAR 3.1 Declaration of the Clerk of the Orange Redevelopment Agency, Cassandra J. Cathcart, declaring posting of Orange Redevelopment Agency Agenda of a regular meeting of February 13, 2001 at Orange Civic Center, Main Library at 101 N. Center Street, Police facility at 1107 North Batavia, the Eisenhower Park Bulletin Board, and summarized on Time-Warner Communications, all of said locations being in the City of Orange and freely accessible to members ofthe public at least 72 hours before commencement of said regular meeting. ACTION: Accepted Declaration of Agency Posting and authorized its retention as a public record in the Office of the City Clerk. 3.2 Request Agency confirmation of warrant registers dated January 18, 25 and February 1, 2001. ACTION: Approved. 3.3 Request approval of Redevelopment Agency Minutes, Regular Meeting January 23, 2001. ACTION: Approved. 3.4 Fourth Amendment to the Commercial Rehabilitation Loan Agreement by and between the Orange Redevelopment Agency and Robert B. Breskin for property at 200 East Chapman Avenue. (RA2100.0 AGR-2642.4) NOTE: Director Alvarez abstained on this item due to property ownership in the area. SUMMARY: Approval of Fourth Amendment to Commercial Rehabilitation Loan Agreement by and between the Orange Redevelopment Agency and Robert B. Breskin which will provide for the payoff of all loans. PAGE 1 ORANGE REDEVELOPMENT AGENCY MINUTES February 13,2001 3. CONSENT CALENDAR (Continued) ACTION: 1) Approved the Fourth Amendment to the Commercial Rehabilitation Loan Agreement by and between the Orange Redevelopment Agency and Robert B. Breskin; and 2) Appropriated $12,500 to Account No. 920-9811-435210-0000 (Discount on Commercial Loans) to provide for the Discount of Early Payment of Principal Component II as stipulated in the Fourth Amendment. FISCAL IMP ACT: Adequate funds are available in Fund 920 (Southwest Project Fund) for this appropriation. Approval of the Fourth Amendment to the Commercial Rehabilitation Loan Agreement (Fourth Amendment) will provide for payoff of the original principal amount of $300,000 during this Fiscal Year. The appropriation of $12,500 to Account No. 920-9811-435210-0000 (Discount on Commercial Loans) is offset by a reduction of Loans Receivable for Principal Component II. MOTION SECOND AYES - Slater - Coontz - Slater, Alvarez, Chairman Murphy, Coontz Director Alvarez abstained on Item 3.4 All other items on the Consent Calendar were approved as recommended. END OF CONSENT CALENDAR 4. REPORTS FROM DIRECTORS - None. 5. REPORTS FROM BOARDS, COMMITTEES, AND COMMISSIONS - None. 6. REPORTS FROM EXECUTIVE DIRECTOR - None. 7. ADMINISTRATIVE REPORTS 7.1 Report from the Assistant Executive Director regarding approval of Loan and Grant Agreement by and among the City of Orange, the Orange Redevelopment Agency and Orange Housing Development Corporation (OHDC) for the acquisition and rehabilitation of 481-491 South Lemon Street. (RA21 00.0 AGR-3703) SUMMARY: OHDC requests a loan and a grant to acquire and rehabilitate six units located at 481-491 South Lemon Street. The total estimated cost of the project is $459,000, which includes $20,000 for rehabilitation. If approved, the City would provide a loan of $207,000 using federal HOME funds and the Orange Redevelopment Agency would provide a grant of $69,000 using Housing Set-Aside funds. In return for the assistance, all of the units would remain affordable to low and moderate-income households for a 55-year period. PAGE 2 ORANGE REDEVELOPMENT AGENCY MINUTES February 13, 2001 7. ADMINISTRATIVE REPORTS (Continued) FISCAL IMPACT: HOME funds have been appropriated for the project as follows: $142,500 in HOME CHDO Account Number 317-9660-485100-1210; $64,500 in HOME Capital Outlay/Developer Account Number 317-9660-475100-1250. Housing Set-Aside funds in the amount of $69,000 will be appropriated in (Agency) Southwest Housing Set-Aside Account Number 921-9809-485802-0000. Resolution No. ORA-0388 A Resolution of the Orange Redevelopment Agency approving a Loan and Grant Agreement by and among the City of Orange, the Orange Redevelopment Agency and Orange Housing Development Corporation regarding 481-491 South Lemon Street and making certain findings. MOTION - Slater SECOND - Coontz AYES - Slater, Alvarez, Chairman Murphy, Coontz Moved to adopt Resolution No. ORA-0388; direct the City Attorney's Office to prepare, approve, and execute the Loan and Grant Agreement by and among the City of Orange, the Orange Redevelopment Agency and OHDC; and appropriate $69,000 in Housing Set-Aside funds to Account No. 921-9809-485802-1250-19876 for the project. 7.2 Report from the Assistant Executive Director regarding a Cooperation and Reimbursement Agreement between the Orange Redevelopment Agency and the City of Orange relating to the public improvement of the central public square and circular plaza at GlasseIl Street and Chapman Avenue and changing the funding source for the Bank of America Parking Lot Improvements. (RA2l00.0 AGR-3697 / AGR-3698) NOTE: Director Alvarez abstained on this item due to a business conflict. SUMMARY: Orange Redevelopment Agency reimbursement to the City of Orange of the Agency share of costs incurred for public improvements to the central public square and circular plaza at Glassell Street and Chapman Avenue in the Southwest Redevelopment Project Area and changing the funding source for the Bank of America Parking Lot Improvements. FISCAL IMPACT: Sufficient funds are available from the Southwest Debt Service Fund 981 to be appropriated to Account Number 920-9811-485100-9875 (Plaza Preservation Project). Sufficient funds are available in the Southwest Project Fund 920 to be appropriated to Account Number 920-9811-481200-0000-20050 (Bank of America Parking Lot Improvements). Resolution No. ORA-0387 A Resolution of the Orange Redevelopment Agency approving and authorizing the execution of a Cooperation and Reimbursement Agreement with the City of Orange relating to the improvement of the central public square and circular plaza at Glassell Street and Chapman Avenue. PAGE 3 ORANGE REDEVELOPMENT AGENCY MINUTES February 13, 2001 7. ADMINISTRATIVE REPORTS (Continued) MOTION - Coontz SECOND - Slater AYES - Slater, Chairman Murphy, Coontz ABSTAlN - Alvarez Moved to 1) adopt Resolution No. ORA-0387; 2) transfer $911,927 from Fund 981 (Southwest Debt Service) to Fund 920 (Southwest Project) and appropriate to Plaza Area Improvements Account No. 920-9811-485100-9875 ($716,003 for construction of quadrants, $151,014 for street lights, $19,680 for benches and $25,230 for trash cans); and 3) reduce existing budget for the Bank of America Parking Lot improvements in Account No. 926-9811-481200-0000-20050 (Tax Exempt Bond Fund) by $20,000 and appropriate $20,000 to Account No. 920-9811- 481200-0000-20050 (Southwest Project Fund) for this purpose. This action is to change the funding source for the Bank of America Parking Lot improvements. There is no change in the overall cost of this project. 8, LEGAL AFFAIRS - None. 9. RECESS TO CLOSED SESSION a. To consider and take possible action upon such other matters as are orally announced by the General Counsel, Executive Director of the Board of Directors prior to such recess unless the motion to recess indicates any of the matters will not be considered in Closed Session. 7:00 P.M. SESSION 10. PUBLIC COMMENTS 11. PUBLIC HEARINGS 11.1 JOINT PUBLIC HEARING WITH THE ORANGE CITY COUNCIL. DISPOSITION OF REAL PROPERTY IN THE SOUTHWEST REDEVELOPMENT PROJECT BY THE AGENCY TO VRSJ LLC.: (RA2100.0 AGR-3702) Time set for joint public hearing with the Orange City Council to consider the proposed disposition ofreal property by the Agency to VRSJ LLC. Subject property located at 1429 w. Palmyra Avenue. CHAIRMAN MURPHY OPENED THE PUBLIC HEARING THERE BElNG NO SPEAKERS, CHAIRMAN MURPHY CLOSED THE PUBLIC HEARING. PAGE 4 ORANGE REDEVELOPMENT AGENCY MINUTES February 13, 2001 11. PUBLIC HEARINGS (Continued) RESOLUTION NO. ORA-0386 A Resolution of the Orange Redevelopment Agency approving an Owner Participation Agreement with VRSJ LLC, a California limited liability company, for the redevelopment of approximately 3.26 acres ofland bounded by Main Street on the east and Palmyra Avenue on the south in the Southwest Redevelopment Project. MOTION - Murphy SECOND - Coontz AYES - Slater, Alvarez, Chairman Murphy, Coontz Moved to adopt Resolution No. ORA-0386 and appropriate $25,000 from unappropriated Reserves in Fund 922 to Account No. 922-9811-427800-0000-19805 (Other Contractual Services) to cover costs necessary for sale of the Agency parcel 12. ADJOURNMENT MOTION - Coontz SECOND - Slater AYES - Slater, Alvarez, Chairman Murphy, Coontz The Redevelopment Agency adjourned at 7:50 p.m. C1u~./A.<JJ2...u--tir L?, fA ./ ~ ....:;:& CASSANDRA J. THCART, CLERK OF THE REDFVELOPMENT AGENCY PAGE 5