11/27/2007 - City Council Minutes - CC Minutes Reg Meeting
APPROVED BY THE DIRECTORS ON DECEMBER 11, 2007
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING November 27,2007
The Orange Redevelopment Agency of the City of Orange, California convened on November
27,2007 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 -
ABSENT -
Smith, Cavecche, Dumitru, Bilodeau
Murphy
2. PUBLIC COMMENTS - NONE.
3. CONSENT CALENDAR
3.1 Request Agency confirmation of warrant registers dated November 1, and 8, 2007.
ACTION:
Approved.
3.2 Request approval of Redevelopment Agency Minutes, Regular Meeting dated
November 13,2007. (RC2500.D.4)
ACTION:
Approved.
MOTION -
SECOND -
AYES
ABSENT -
Dumitru
Bilodeau
Smith, Cavecche, Dumitru, Bilodeau
Murphy
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
November 27,2007
7. ADMINISTRATIVE REPORTS
7.1 Proposed Owner Participation Agreement between the Agency and 2375 Tustin
Ave. L.P. and a Cooperation Agreement with the City of Orange. (RA2100.0 Agr-5185;
5186)
SUMMARY: Proposed Owner Participation Agreement between the Agency and 2375 Tustin
Ave. L.P., related to the development of a Best Buy store, for reimbursement to the Owner
Participant of costs associated with construction and installation of certain Public Improvements
along Tustin Street; and, a Cooperation Agreement between the City and Redevelopment
Agency for certain public improvements within the Orange Merged and Amended
Redevelopment Project Area.
(See related City Council Minutes Item No. 7.1.)
Discussion - Senior Project Manager, Lisa Kim provided a staff report and responding to a
question from Councilmember Bilodeau, stated that the Best Buy Company has committed to a
l5 year lease with four, five-year options to renew.
Councilmember Bilodeau stated that the City is fortunate to have this project; however, he is
concerned with the traffic signal, and that along with the Public Works Department, he would be
monitoring its design and development.
RESOLUTION NO. ORA-0471
A Resolution of the Orange Redevelopment Agency approving and authorizing the execution of
(l) an Owner Participation Agreement with 2375 Tustin Ave. Associates, L.P., a California
Limited Partnership, relating to redevelopment of property commonly known as 2355 and 2375
N. Tustin Street in the Orange Merged and Amended Redevelopment Project Area, and (2) a
Cooperation Agreement with the City of Orange for certain public improvements in the vicinity
of2355 and 2375 N. Tustin Street.
MOTION - Bilodeau
SECOND - Dumitru
AYES - Smith, Cavecche, Dumitru, Bilodeau
ABSENT - Murphy
Moved to: 1) Adopt Resolution No. ORA-047l; and 2) Appropriate $483,000 from the
unreserved fund balance of the Tustin Project - Taxable Bonds Fund to Account 9l4-9800-
485l00-9225 (Brunswick Site/Best Buy Public Improvements).
FISCAL IMP ACT: Sufficient funds are available in the Tustin Project - Taxable Bonds Fund
for this project.
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ORANGE REDEVELOPMENT AGENCY MINUTES
November 27,2007
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 8:10 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 November 27, 2007 at Orange
Civic Center kiosk, Police facility at 1107 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.
~cL_G
MA MURPHY
GENCY CLERK
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