10/14/2003 - City Council Minutes - CC Minutes Reg Meeting
APPROVED BY THE DIRECTORS ON OCTOBER 28, 2003
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING October 14 2003
,
4:30 P.M. SESSION
The Orange Redevelopment Agency of the City of Orange, California convened on October 14,
2003 at 4:30 p.m. in a Regular Meeting in the Council Chambers, 300 E. Chapman Avenue,
Orange, California.
1. ROLLCALL
PRESENT - Ambriz, 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 14, 2003 at Orange Civic Center, City Clerk's Office, north
facing kiosk, Main Library at 101 N. Center Street, Police facility at 1107 North
Batavia and Shaffer Park; 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: Accept Declaration of Agency Posting and authorize its retention as a public
record in the Office of the City Clerk.
3.2 Request Agency confirmation of warrant registers dated September 18 and 25, 2003.
ACTION:
Approved.
3.3 Request approval of Redevelopment Agency Minutes, Regular Meeting, September
23,2003.
ACTION:
Approved.
MOTION -
SECOND
AYES
Alvarez
Coontz
Ambriz, Alvarez, Murphy, Coontz, Cavecche
All items on the Consent Calendar were approved as recommended.
END OF CONSENT CALENDAR
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ORANGE REDEVELOPMENT AGENCY MINUTES
October 14, 2003
4. REPORTS FROM DIRECTORS - None.
5. REPORTS FROM BOARDS, COMMITTEES, AND COMMISSIONS
5.1 Report from the Interim Finance Director on the annual review and approval of the
Statement ofInvestment Policy (SIP) for Fiscal Year 2003-04. (ORI800.0.27.16.2)
SUMMARY: Per the recommendations from the Investment Advisory Committee and
Investment Oversight Committee, it is proposed that no changes be made to the City's and the
Redevelopment Agency's Statement of Investment Policy with the exception of minor language
changes to clarify the reporting requirements shown in section 4.1 e).
(See City Council Minutes Item No. 6.1)
RESOLUTION NO. ORA 0429
A Resolution of the Orange Redevelopment Agency approving and adopting a Statement of
Investment Policy for Fiscal Year 2003-04 and delegating investment of Orange Redevelopment
Agency Funds to the Treasurer of the City of Orange.
MOTION
SECOND
AYES
Cavecche
Alvarez
Ambriz, Alvarez, Murphy, Coontz, Cavecche
Moved to adopt Resolution No. ORA 0429.
6. REPORTS FROM EXECUTIVE DIRECTOR - None.
7. ADMINISTRATIVE REPORTS
7.1 Report from Rick Otto, Senior Housing Manager - Affordable Housing Loan
Agreement -1844 East Wilson (RA2100.0 AGR-4373)
SUMMARY: Orange Housing Development Corporation (OHDC) plans to acquire and
rehabilitate a 10-unit apartment building located at 1844 East Wilson Avenue. The total
estimated cost of the project is $1,327,460. Under the terms of the proposed Affordable Housing
Loan Agreement, the City will provide $313,020 in federal HOME funds and the Agency will
provide $730,380 Housing Set-Aside funds in the form of a 65-year loan. In return for the
assistance, the units would remain affordable to low income households for a 65-year period.
(See City Council Minutes Item No. 7.1)
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ORANGE REDEVELOPMENT AGENCY MINUTES
October 14, 2003
7. ADMINISTRATIVE REPORTS (Continued)
MOTION - Cavecche
SECOND - Alvarez
AYES - Ambriz, Alvarez, Murphy, Coontz, Cavecche
ACTION:
1. Adopted Resolution No. ORA-0430
A Resolution of the Orange Redevelopment Agency approving an Affordable Housing Loan
Agreement by and among the City of Orange, Orange Redevelopment Agency and Orange
Housing Development Corporation regarding 1844 East Wilson Avenue and making certain
findings.
2. Transferred $102,033 from account 317-9660-485100-1210 (HOME Community Housing
Development Organization [CHDO] Funds) and $210,987 from account 317-9660-485100-1250
(prior year HOME Developer Funds) to account number 317-9660-485701-9209 (HOME -
Wilson Avenue 2 Loan project account) for the project. [CITY]
3. Transferred $330,000 in Set-aside Funds (Fund 941) from unappropriated reserves to account
913-9800-485701-9209 (Housing Loan - Wilson Avenue 2 Loan project account). [AGENCY]
4. Appropriated $400,380 from unappropriated reserves in Housing Loan Fund (Fund 913) to
account 913-9800-485701-9209 (Housing Loan - Wilson Avenue 2 Loan project account).
[AGENCY]
FISCAL IMPACT: After approval of the recommended transfers and appropriations, Housing
Set-Aside funds and federal HOME funds are available for this purpose in the above listed
accounts.
8. LEGAL AFFAIRS - None.
9. RECESS TO CLOSED SESSION
The Agency recessed at 6:07 p.m. The Agency did not meet in 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.
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ORANGE REDEVELOPMENT AGENCY MINUTES
October 14,2003
7:00 P.M. SESSION
10. PUBLIC COMMENTS - None.
11. PUBLIC HEARINGS - None.
12. PLANNING AND ENVIRONMENT
12.1 Development Agreement by and between the City of Orange and St. Joseph
Hospital of Orange, a California nonprofit public benefit corporation. (RA2100.0 AGR-
4374)
SUMMARY: Development Agreement between the City of Orange and St. Joseph Hospital to
secure long-term entitlements for the phased master plan development of hospital facilities and
associated uses. The subject site is generally located north from La Veta Avenue and east from
Main Street.
(See City Council Minutes Item No. 13.1)
MOTION - Murphy
SECOND - Coontz
AYES - Ambriz, Alvarez, Murphy, Coontz, Cavecche
ACTION: Recommended approval of the Development Agreement by and between the City of
Orange and St. Joseph Hospital of Orange, a California nonprofit public benefit corporation.
FISCAL IMPACT: Approval ofthe Development Agreement will result in additional revenue to
the City's General Fund because it requires the applicant to pay the City $248,000 for the
vacation and transfer of portions of Pepper Street and Stewart Drive. The applicant will also file
necessary paper work for the City to be the point of sale for construction and tenant
improvements for the new buildings, and for major equipment purchases (estimated at a
minimum of$180,000).
13. ADJOURNMENT
MOTION - Cavecche
SECOND - Ambriz
AYES - Ambriz, Alvarez, Murphy, Coontz, Cavecche
The Orange Redevelopment Agency adjourned at 8:37 p.m.
eA44./~~4~A~
CASSANDRA J. THCART, CLERK
OF THE REDEVELOPMENT AGENCY
AN
AGENCY
M A. MURPHY, C
OF THE REDEVELOpmE
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