7/27/2004 - City Council Minutes - CC Minutes Reg Meeting
APPROVED BY THE DIRECTORS ON AUGUST 10, 2004
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
REGULAR MINUTES MEETING July 27,2004
4:30 P.M. SESSION
The Orange Redevelopment Agency of the City of Orange, California convened on July 27,2004
at 4:30 p.m. in a Regular Meeting in the Council Chambers, 300 E. Chapman Avenue, Orange,
California.
1. ROLLCALL
PRESENT -
ABSENT -
Ambriz, Alvarez, Chairman Murphy, Coontz, Cavecche
None.
2. PUBLIC COMMENTS - None.
3. CONSENT CALENDAR
3.1 Declaration of the Clerk of the Orange Redevelopment Agency, Mary E. Murphy,
declaring posting of Orange Redevelopment Agency Agenda of a regular meeting of
July 27, 2004 at Orange Civic Center north facing kiosk, Police facility at 1107
North Batavia, the Shaffer Park Bulletin Board; 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; and available at the Orange Civic
Center City Clerk's Office and Main Public Library, 101 N. Center Street.
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 June 17 and 24 and July 1, 2004.
ACTION:
Approved.
3.3 Request approval of Redevelopment Agency Minutes, Regular Meeting, July 13, 2004.
(RC2500.D.4)
ACTION:
Approved.
3.4 Approval of an Agreement to Negotiate Exclusively between the Orange
Redevelopment Agency and Valentine Reality Company, Inc.flDC West, LLC for a
medical office development located on Agency owned property at 1005-1103 W.
Chapman Avenue ("Citrus property"). (RA2100.0 Agr-4524)
SUMMARY: In early 2004, the Orange Redevelopment Agency acquired the 1.5-acre
Citrus property from the Orange Housing Development Corporation per an Acquisition
and Pre-development Agreement approved in October 2002. Since acquisition, the
Agency has been soliciting proposals for quality commercial or office development.
Based on the results of this effort, Agency staff is recommending approval of an
exclusive negotiation agreement with Valentine Reality Company, mc.fIDC West, LLC.
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ORANGE REDEVELOPMENT AGENCY MINUTES
July 27,2004
3. CONSENT CALENDAR (Continued)
to allow them to pursue entitlements and a land sale agreement to develop a 20,000 sq ft
medical office project on the site.
ACTION: Approved Agreement to Negotiate Exclusively between the Orange
Redevelopment Agency and Valentine Reality Company, Inc.lIDC West, LLC., and
authorized the Chairman to execute, and the Agency Clerk to attest, the Agreement on
behalf of the Agency.
FISCAL IMPACT: There is no fiscal impact at this time. Following the completion of
the negotiation period, a Disposition and Development Agreement may be proposed
which will include the cost Valentine Reality Company, Inc.lIDC West, LLC. will pay
the Agency to acquire the Citrus site.
MOTION -
SECOND -
AYES
Ambriz
Cavecche
Ambriz, Alvarez, Mayor 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 Interim Finance Director on the annual review and approval of the
Statement ofInvestment Policy (SIP) for Fiscal Year 2004-05. (OR1800.0.27.16.2)
SUMMARY: The Orange Redevelopment Agency's existing Statement of Investment Policy, as
well as California Government Code Section 53646, requires that the Orange Redevelopment
Agency Board and any oversight committee of the City annually review its Statement of
Investment Policy and adopt such a policy by a resolution and vote of the Orange
Redevelopment agency Board at a public meeting. The City of Orange Investment Oversight
Committee and Investment Advisory Committee have reviewed the proposed Statement of
Investment Policy for Fiscal Year 2004-05 and recommend that the Orange Redevelopment
Agency Board adopt it as the Orange Redevelopment Agency's Statement of Investment Policy
for Fiscal Year 2004-05.
(See City Council Minutes Item No. 6.2 for discussion)
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ORANGE REDEVELOPMENT AGENCY MINUTES
July 27,2004
5. REPORTS FROM BOARDS, COMMITTEES, AND COMMISSIONS (Continued)
RESOLUTION NO. ORA-0435
A Resolution of the Orange Redevelopment Agency approving and adopting a Statement of
Investment Policy for Fiscal Year 2004-05 and delegating investment of Orange Redevelopment
Agency Funds to the Treasurer of the City of Orange.
MOTION - Alvarez
SECOND - Coontz
AYES - Ambriz, Alvarez, Mayor Murphy, Coontz, Cavecche
Moved to approve Resolution No. ORA-0435
6. REPORTS FROM EXECUTIVE DIRECTOR - None.
7. ADMINISTRATIVE REPORTS - None.
8. LEGAL AFFAIRS - None.
9. RECESS TO CLOSED SESSION
Note: The Agency did not recess.
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.
10. ADJOURNMENT
The Agency adjourned at 7:00 p.m.
4 t1
~MURPHY
CITY CLERK
Lf11
A. MURPHY
MAYOR
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