8/10/2004 - City Council Minutes - CC Minutes Reg Meeting
APPROVED BY THE DIRECTORS ON AUGUST 24, 2004
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING August 10, 2004
4:30 P.M. SESSION
The Orange Redevelopment Agency of the City of Orange, California convened on August 10,
2004 at 4:30 p.m. in a Regular Meeting in the Council Chambers, 300 E. Chapman Avenue,
Orange, California.
1. ROLLCALL
PRESENT -
ABSENT -
Alvarez, Ambriz, Chairman Murphy, Cavecche
Coontz
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
August 10, 2004 at Orange Civic Center north facing kiosk, Police facility at 1107
North Batavia, Shaffer Park; all of said locations being in the City of Orange and
freely accessible to members of tbe public at least 72 hours before commencement of
said regular meeting; and available at the Orange Civic Center City Clerk's Office
at Main Public Library at 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 July 20, 22, 29 2004.
ACTION:
Approved.
3.3 Request approval of Redevelopment Agency Minutes, Regnlar Meeting, July 27,
2004 (RC2500.D.4)
ACTION:
Approved.
3.4 Approval of a Reimbursement Agreement between the City of Orange and the
Orange Redevelopment Agency for FY 2004-2005. (RA2100.0 Agr-3283.E)
SUMMARY: The Reimbursement Agreement between the City and Agzncy will create
indebtedness which will enable the Agency to utilize tax increment revenue instead of bond
proceeds to pay for operational costs. This will free up bond proceeds for loans or projects.
(See City Council Minutes Item No. 3.7)
ACTION: Approved the Reimbursement Agreement between the City of Orange and
Orange Redevelopment Agency, and authorized the Chairman to execute, and the
Agency Clerk to attest, the Agreement on behalf of the Agency.
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ORANGE REDEVELOPMENT AGENCY MINUTES
August 10,2004
FISCAL IMP ACT: There is no net fiscal impact on either the City or Agency budget.
Interest paid by the Agency on the loan will be offset equally by interest earned by the
Agency on the loan proceeds. There are sufficient tax increment revenues and other
funds available to repay this loan.
MOTION -
SECOND -
AYES
ABSENT -
Cavecche
Ambriz
Alvarez, Ambriz, Chairman Murphy, Cavecche
Coontz
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 - None.
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.
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 5:35 p.m.
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t! AGENCY CLERK
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