7/26/2005 - City Council Minutes - CC Minutes Reg Meeting
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APPROVED BY THE DIRECTORS ON AUGUST 9, 2005
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING July 26,2005
4:30 P.M. SESSION
The Orange Redevelopment Agency of the City of Orange, California convened on July 26, 2005
at 4:30 p.m. in a Regular Meeting in the Council Chambers, 300 E. Chapman Avenue, Orange,
California.
1. ROLL CALL
PRESENT -
ABSENT -
Smith, Ambriz, Murphy, Cavecche, Dumitru
None.
2. PUBLIC COMMENTS - None.
3. CONSENT CALENDAR
3.1 Request Agency confirmation of warrant registers dated July 7, 12 14,2005.
ACTION:
Approved.
3.2 Request approval of Redevelopment Agency Minutes, Regular Meeting, July 12, 2005.
(RC2500.D.4)
ACTION:
Approved.
MOTION -
SECOND -
AYES
Cavecche
Ambriz
Smith, Ambriz, Murphy, Cavecche, Dumitru
All items on the Consent Calendar were approved as recommended.
END OF CONSENT CALENDAR
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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
July 26,2005
7. ADMINISTRATIVE REPORTS
7.1 Report from the Interim Economic Development Director on an Affordable Housing
Loan Agreement. (RA2100.0 Agr-4726)
SUMMARY: Orange Housing Development Corporation (OHDC) plans to acqUire and
rehabilitate a 10-unit apartment building located at 1944 East Wilson Avenue. The total
estimated cost of the project is $1,971,565. Under the terms of the proposed Affordable Housing
Loan Agreement, the City will provide $1,145,574 in federal HOME funds and the Agency will
provide $499,057 Housing Set-Aside funds in the form of a 55-year loan. In return for the
assistance, the units would remain affordable to very low and moderate-income households for a
55-year period.
(See Council Minutes Item No. 7.2)
RESOLUTION NO. ORA 0444
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 1944 East Wilson Avenue and making certain
findings.
MOTION - Murphy
SECOND Ambriz
AYES - Smith, Ambriz, Murphy, Cavecche, Dumitru
Moved to:
I. Adopt Resolution No. ORA 0444;
2. Transfer $101,682 from account 317-9660-485100-1210 (HOME Community Housing
Development Organization [CHDO] Funds) and $1,043,892 from account 317-9660-485100-
1250 (HOME Developer Funds) to account number 317-9660-485702-9219 (HOME - Wilson
Avenue 3 Conditional Grant/Loan project account) for the project; [City]
3. Transfer $499,057 in Set-Aside funds (Fund 941) from unappropriated reserves to account
913-9800-485701-9219 (Housing Loan - Wilson Avenue 3 Loan project account). [Agency]
FISCAL IMP ACT: 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.
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ORANGE REDEVELOPMENT AGENCY MINUTES
July 26,2005
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 6:00 p.m.
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 26, 2005 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.
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MARY E. MURPHY
AGENCY CLERK
MARK A. MU
CHAIRMAN