10/8/2002 - City Council Minutes - CC Minutes Reg Meeting
APPROVED BY THE DIRECTORS ON OCTOBER 22, 2002
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING October 8, 2002
4:30 P.M. SESSION
The Orange Redevelopment Agency of the City of Orange, California convened on October 8,
2002 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, Cavecche
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 October 8, 2002 at Orange Civic Center, Main Library at 101 N. Center
Street, Police facility at 1107 North Batavia, Shaffer Park, summarized on Time-
Warner Communications and available on the City's Website
www.cityoforange.org, all of said locations being in the City of Orange and freely
accessible to members of the 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 September 19 and 26, 2002.
ACTION:
Approved.
3.3 Request approval of Redevelopment Agency Minutes, Regular Meeting, September
24,2002.
ACTION:
Approved.
AGREEMENTS
3.4 Approval of Third Amendment to the Owner Participation Agreement by and
between the Orange Redevelopment Agency and VRSJ LLC, a California limited
liability company. (RA2100.0 AGR-3702.3)
SUMMARY: Approval of Third Amendment to the Owner Participation Agreement by
and between the Orange Redevelopment Agency and VRSJ LLC, a California limited
liability company, that would permit the Agency to refund the Purchase Price on the basis
that documentation be provided by VRSJ.
PAGel
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ORANGE REDEVELOPMENT AGENCY MINUTES
October 8, 2002
3. CONSENT CALENDAR (Continued)
ACTION: Approved the Third Amendment to the Owner Participation Agreement by
and between the Orange Redevelopment Agency and VRSJ LLC, California limited
liability company.
FISCAL IMPACT: Sufficient funds have been appropriated in the Fund No. 940 for this
project.
MOTION
SECOND
AYES
- Cavecche
- Alvarez
- Slater, Alvarez, Chairman Murphy, Coontz, Cavecche
All 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
5.1 Report from the Finance Director on the annual review and approval of the
Statement ofInvestment Policy (SIP) for Fiscal Year 2002-03. (OR1800.0.27.16)
Per recommendations from the Investment Advisory Committee and the Investment Oversight
Committee, it is proposed that no changes be made to the City's and Redevelopment Agency's
Statement of Investment Policy.
(See City Council Minutes Item No. 6.3)
RESOLUTION NO. ORA-04IS
A Resolution of the Orange Redevelopment Agency approving and adopting a Statement of
Investment Policy for Fiscal Year 2002-03 and delegating investment of Orange Redevelopment
Agency funds to the Treasurer of the City of Orange.
MOTION - Alvarez
SECOND - Coontz
AYES - Slater, Alvarez, Chairman Murphy, Coontz, Cavecche
ACTION: Adopted.
6. REPORTS FROM EXECUTIVE DIRECTOR - None.
7. ADMINISTRATIVE REPORTS - None.
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ORANGE REDEVELOPMENT AGENCY MINUTES
October 8, 2002
8. LEGAL AFFAIRS - None.
9. RECESS TO CLOSED SESSION
Note: The Agency did not recess to Closed Session.
a. Conference with Legal Counsel - Anticipated Litigation. Significant exposure to litigation
pursuant to Subdivision (b) of Section 54956.9: One potential case involving the receipt of a
claim from Orange Unified School District.
b. 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.
10. ADJOURNMENT
MOTION - Alvarez
SECOND - Coontz
AYES - Slater, Alvarez, Chairman Murphy, Coontz, Cavecche
The Redevelopment Agency adjourned at 6:45 p.m.
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AS SANDRA J. HCART, CLERK
OF THE REDEVELOPMENT AGENCY
MA A. MURPHY, C
OF THE REDEVELOP
AN
AGENCY
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