10/12/2004 - City Council Minutes - CC Minutes Reg Meeting
APPROVED BY THE DIRECTORS ON OCTOBER 26, 2004
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING October 12, 2004
The Orange Redevelopment Agency of the City of Orange, California convened on October 12,
2004, at 4:30 p,m, in a Regular Meeting in the Council Chambers, 300 E, Chapman Avenue,
Orange, California,
4:30 P.M. SESSION
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
October 12, 2004 at Orange Civic Center 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 the public at least 72 hours before commencement of said
regular meeting; and available at the Civic Center City Clerk's Office and Main
Public Library and 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 September 23 and 30,
2004.
ACTION:
Approved,
3.3 Request approval of Redevelopment Agency Minutes, Regular Meeting, September
28, 2004. (RC2500.D.4)
ACTION:
Approved,
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ORANGE REDEVELOPMENT AGENCY MINUTES
October 12,2004
3. CONSENT CALENDAR (Continued)
3.4 Assignment and Assumption Agreement and Second Amendment to Owner
Participation Agreement by and between Orange Redevelopment Agency and RB
Village/Orange I, LLC, RB Village/Orange II, LLC, and RB Village/Orange III,
LLC (collectively, the Owner), Passco TVO-S, LLC, Pass co TVO-H, LLC, Passco
Diversified II TVO, LLC (collectively, Passco) and Passco-RBL-TVO, LLC.
RA2100.0 Agr-4252.2)
SUMMARY: In April 2003, the Agency Board approved an Owner Participation
Agreement with RB Orange, L.P, (the Participant) to establish an Operating Covenant for
the Village at Orange, In late October 2003, the Participant transferred the Village at
Orange to the Owner. The Owner now desires to sell the property to Passco and its
investors, As a result of the proposed sale, the Agency Board is being asked to approve
an Assignment and Assumption Agreement and Second Amendment to Owner
Participation Agreement.
ACTION: Approved the Assignment and Assumption Agreement and Second
Amendment to Owner Participation Agreement by and between Orange Redevelopment
Agency and RB Village/Orange I, LLC, RB Village/Orange II, LLC, and RB
Village/Orange III, LLC, Passco TVO-S, LLC, Passco TVO-H, LLC, Passco Diversified
II TVO, LLC and Passco-RBL- TVO, LLC,
FISCAL IMPACT: There will be no fiscal impact. As a result of the proposed sale, the
Agency will receive additional tax increment revenue estimated to be $500,000 annually,
MOTION -
SECOND -
AYES
Alvarez
Ambriz
Ambriz, Alvarez, 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 - None.
6. REPORTS FROM EXECUTIVE DIRECTOR - None.
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ORANGE REDEVELOPMENT AGENCY MINUTES
October 12, 2004
7. ADMINISTRATIVE REPORTS - None.
8. LEGAL AFFAIRS - None.
9. RECESS TO CLOSED SESSION
The Redevelopment Agency recessed at 6:15 p,m, to a Closed Session for the following
purposes:
a, Conference with Real Property Negotiators pursuant to Government Code Section 54956,8:
1) Property: 1005-1103 West Chapman Avenue
Agency Negotiators: Jim Reichert and/or Rick Otto
Negotiating parties: Orange Redevelopment Agency and IDCN alentine,
Under negotiation: Price and terms of payment.
2) Property: 206 North Manchester
Agency Negotiators: Jim Reichert and/or Rick Otto
Negotiating parties: Orange Redevelopment Agency and The Olson Company
Under negotiation: Price and terms of payment.
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 - The Agency adjourned at 7:00 p,m,
, -/
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MAR ,. HY -L-
AGENCY CLERK /' ~
1JJl:1i;#
CHAIRMAN
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