6/26/2007 - City Council Minutes - CC Minutes Reg Meeting
APPROVED BY THE DIRECTORS ON JULY 10 2007
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING June 26, 2007
The Orange Redevelopment Agency of the City of Orange, California convened on June 26,
2007 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 - Murphy, Cavecche, Dumitru, Bilodeau
ABSENT - Smith
2. PUBLIC COMMENTS - NONE.
3. CONSENT CALENDAR
3.1 Request Agency confirmation of warrant registers dated May 31, June 7 and 14,
2007.
ACTION:
Approved.
3.2 Request approval of Redevelopment Agency Minutes, Regular Meeting of June 12,
2007. (RC2500.D.4)
ACTION:
Approved.
3.3 Approval of a Reimbursement Agreement between the City of Orange and the
Orange Redevelopment Agency for FY 2007-2008. (RA2100.0 Agr-5107)
(See related City Council Minutes Item No. 3.9)
SUMMARY: The Reimbursement Agreement between the City and Agency 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.
ACTION: Approved the Reimbursement Agreement between the City of Orange and the
Orange Redevelopment Agency, and authorize the Chairman to execute, and the Agency
Clerk to attest, the agreement on behalf of the Agency.
FISCAL IMPCT: 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.
PAGE 1
ORANGE REDEVELOPMENT AGENCY MINUTES
June 26, 2007
3. CONSENT CALENDAR (Continued)
3.4 RESOLUTION NO. ORA-0466 (RC2500.G.1.4)
A Resolution of the Orange Redevelopment Agency confirming and renewing the Mobile
Home Park Rental Assistance Program for qualified very low income mobile home park
residents of the City of Orange for FY 2007-08 and making certain findings in connection
therewith.
ACTION: Approved.
MOTION -
SECOND -
AYES
ABSENT
Murphy
Bilodeau
Murphy, Cavecche, Dumitru, Bilodeau
Smith
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
7.1 2006-2007 Mid. Year Budget Adjustment for Disposition and Development
Agreement between the Agency and Southern Counties Oil. (RA2100.0 Agr-3386)
SUMMARY: Based on actual sales tax generated by Southern Counties Oil, additional funds in
the amount of $1,106,666 are required as payment in FY 06/07 under the Disposition and
Development Agreement with Southern Counties Oil.
MOTION
SECOND
AYES
ABSENT
- Dumitru
- Bilodeau
- Murphy, Cavecche, Dumitru, Bilodeau
- Smith
Moved to: I) Transfer $1,106,666 from unappropriated reserves in the Merged Debt Service Fund
987 to the Orange Merged Cap'ital Projects Fund 940; and 2) Appropriate funds to account number
940-9800-485802-9156 (Southern Counties Oil DDA).
FISCAL IMPACT: Sufficient funds exist in the Merged Debt Service Fund (Fund 987) to cover
this expenditure.
PAGE 2
ORANGE REDEVELOPMENT AGENCY MINUTES
June 26, 2007
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 5:30 p.m.
The next Regular meeting of the Redevelopment Agency is scheduled for July 10,2007.
Declaration of the Clerk of the Orange Redevelopment Agency, Mary E. Murphy, declaring
posting of Orange Redevelopment Agency Agenda of a regular meeting of June 26, 2007 at
Orange Civic Center kiosk, Police facility at 11 07 North Batavia, and the Main Public Library
at 407 E. Chapman; 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.
t::0~~i'. W~ bRfu~
101\/ ARY E. MURPHY"
b AGENCY CLERK
PAGE 3