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12/11/2007 - City Council Minutes - CC Minutes Reg Meeting APPROVED BY THE DIRECTORS ON JANUARY 8, 2008 ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA MINUTES OF A REGULAR MEETING December 11, 2007 The Orange Redevelopment Agency of the City of Orange, California convened on December 11, 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 - Smith, Murphy, Cavecche, Dumitru, Bilodeau ABSENT - None 2. PUBLIC COMMENTS - NONE. 3. CONSENT CALENDAR 3.1 Request Agency confirmation of warrant registers dated November 15, 21 and 29, 2007. ACTION: Approved. 3.2 Request approval of Redevelopment Agency Minutes, Regular Meeting of November 27, 2007. (RC 2500.D.4) ACTION: Approved. MOTION - Dumitru SECOND - Cavecche AYES - Smith, Murphy, Cavecche, Dumitru, Bilodeau Director Murphy abstained on Item 3.2 due to his absence at the meeting of November 27th. All other 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. PAGE 1 ORANGE REDEVELOPMENT AGENCY MINUTES December 11, 2007 7. ADMINISTRATIVE REPORTS 7.1 Annual Report of the Orange Redevelopment Agency For Fiscal Year 2006-2007. (R3500.0) (See related City Council Minutes Item No. 7.2) SUMMARY: The Annual Report describes the activities of the Redevelopment Agency during FY 2006-2007 and includes a Comprehensive Annual Financial Report relating to the Agency's finances. Discussion - Economic Development Department Director Jim Reichert gave a staff report highlighting the projects that have been funded by the Agency. NOTE: At the request of Councilmember Bilodeau, Finance Director Rich Jacobs clarified that the vote taken at the November 13th Redevelopment Agency meeting was to hire a finance team to prepare bond documents in connection with the possible issuance and refinancing of bonds; and that it will require a subsequent vote to actually incur the debt from the bonds. RESOLUTION NO. ORA-0472 A Resolution of the Orange Redevelopment Agency approving the annual report of the Orange Redevelopment Agency for Fiscal Year 2006-2007 and authorizing its submittal to the City Council of the City of Orange. MOTION - Cavecche SECOND - Murphy AYES - Smith, Murphy, Cavecche, Dumitru, Bilodeau Moved to approve Resolution No. ORA-0472. 8. LEGAL AFFAIRS - None. 9. PUBLIC HEARINGS 9.1 Status Report of the Amended and Restated Redevelopment Plan for the Orange Merged and Amended Redevelopment Project Area, and the Agency's Five-Year Implementation Plan for FY 2004-05 through 2008-09 (R3500.0) Time set for public hearing to review the Status Report of the Amended and Restated Redevelopment Plan for the Orange Merged and Amended Redevelopment Project Area and Five- Year Implementation Plan. The Report describes progress made toward various projects and activities to be undertaken by the Agency. Redevelopment Law requires a Status Report be reviewed at least once during the five-year term of the Implementation Plan. PAGE 2 ORANGE REDEVELOPMENT AGENCY MINUTES December 11, 2007 9. PUBLIC HEARINGS (Continued) Discussion - Economic Development Department Director Jim Reichert gave a brief staff report. THE MAYOR OPENED THE PUBLIC HEARING. THERE BEING NO SPEAKERS, THE MAYOR CLOSED THE PUBLIC HEARING. MOTION - Dumitru SECOND - Murphy AYES - Smith, Murphy, Cavecche, Dumitru, Bilodeau Moved to Receive and file. 10. 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. 11. ADJOURNMENT The Agency adjourned at 7:05 p.m. The December 25, 2007 meeting of the Redevelopment Agency is cancelled. The next Regular meeting is scheduled for January 8, 2008. Declaration of the Clerk of the Orange Redevelopment Agency, Mary E. Murphy, declaring posting of Orange Redevelopment Agency Agenda of a regular meeting of December 11,2007 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. . MURPHY AGENCY CLERK PAGE 3