9/12/2006 - City Council Minutes - CC Minutes Reg Meeting
APPROVED BY THE DIRECTORS ON SEPTEMBER 26, 2006
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING September 12,2006
The Orange Redevelopment Agency of the City of Orange, California convened on September
12,2006 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. ROLL CALL
PRESENT - Smith, Murphy, Cavecche, Dumitru
ABSENT - None
2. PUBLIC COMMENTS - None.
3. CONSENT CALENDAR
3.1 Request Agency confirmation of warrant registers dated August 17 and 24, 2006.
ACTION:
Approved.
3.2 Request approval of Redevelopment Agency Minutes, Regular Meeting August 22,
2006. (RC2500.D.4)
ACTION:
Approved.
MOTION - Cavecche
SECOND - Smith
AYES - Smith, Murphy, Cavecche, Dumitru
All items on the Consent Calendar were approved as recommended.
END OF CONSENT CALENDAR
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ORANGE REDEVELOPMENT AGENCY MINUTES
September 12, 2006
4. REPORTS FROM DIRECTORS - None.
5. REPORTS FROM BOARDS, COMMITTEES, AND COMMISSIONS
5.1 Annual review and approval of the City of Orange and the Orange Redevelopment
Agency Statement of Investment Policy (SIP) for Fiscal Year 2006-07. (ORI800.0.27.16.2)
(See Related City Council Minutes Item No. 6.1)
SUMMARY: Per recommendations from the Investment Advisory Committee and the
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 portfolio investment limits in Section 3.1b.
RESOLUTION ORA-0458
A Resolution of the Orange Redevelopment Agency approving and adopting a Statement of
Investment Policy for fiscal year 2006-07 and delegating investment of Orange Redevelopment
Agency funds to the Treasurer of the City of Orange.
MOTION - Dumitru
SECOND - Smith
AYES - Smith, Murphy, Cavecche, Dumitru
Moved to repeal Resolution No. ORA-0446 and adopt Resolution No. ORA-0458 adopting the
Statement ofInvestment Policy for FY 2006-07.
FISCAL IMPACT: No fiscal impact.
6. REPORTS FROM EXECUTIVE DIRECTOR - None.
7. ADMINISTRATIVE REPORTS
7.1 Report from Assistant Executive Director - Purchase of an unimproved parcel of
surplus property on Manchester Avenue from the Orange County Transportation
Authority for redevelopment purposes. (RA2100.0 Agr-4965)
(See related City Council Minutes Item No. 7.3)
SUMMARY: The adoption of Resolution ORA-0457 authorizes the purchase from the Orange
County Transportation Authority of an unimproved parcel of surplus real property on
Manchester A venue by the Orange Redevelopment Agency for redevelopment purposes.
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ORANGE REDEVELOPMENT AGENCY MINUTES
September 12, 2006
7. ADMINISTRATIVE REPORTS (Continued)
RESOLUTION NO. ORA-0457
A Resolution of the Orange Redevelopment Agency approving the acquisition of an unimproved
parcel of surplus real property generally located north of Chapman Avenue on the east side of
Manchester Avenue from the Orange County Transportation Authority.
MOTION
SECOND
AYES
- Cavecche
- Dumitru
- Smith, Murphy, Cavecche, Dumitru
Moved to:
1. Adopt Resolution No. ORA-0457;
2. Authorize the transfer of $69,000 from unappropriated reserves in the Orange Merged
Capital Projects Fund (Fund 940) and appropriate funds in the amount of $69,000 to the OCTA
Surplus Property - Manchester project account (940-9800-481102-9223); and
3. Authorize the transfer of $10,000 from OCTA Surplus Property account (940-9800-
485100-9212) to the OCTA Surplus Property - Manchester account (940-9800-481102-9223).
FISCAL IMP ACT: Sufficient funds are available for this project in the Orange Merged Capital
Projects Fund (Fund 940).
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 5:40 p.m.
Declaration of the Clerk of the Orange Redevelopment Agency, Mary E. Murphy, declaring
posting of Orange Redevelopment Agency Agenda of a regnlar meeting of September 12, 2006 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.
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AGENCY CLERK
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ARK A. MURPHY
CHAIRMAN
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