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2/26/2008 - City Council Minutes - CC Minutes Reg Meeting APPROVED BY THE DIRECTORS ON MARCH 11, 2008 ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA MINUTES OF A REGULAR MEETING February 26, 2008 The Orange Redevelopment Agency of the City of Orange, California convened on February 26, 2008 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 January 31, and February 7, 2008. ACTION: Approved. 3.2 Request approval of Redevelopment Agency Minutes, Regular Meeting dated February 12, 2008. (RC2500.DA) ACTION: Approved. RESOLUTIONS 3.3 RESOLUTION NO. ORA-0478 (RA2100.0 Agr-5241) A Resolution of the Orange Redevelopment Agency approving and authorizing the execution of a Cooperation and Reimbursement Agreement by and between the City of Orange and the Orange Redevelopment Agency for certain street repairs within the Orange Merged and Amended Redevelopment Project Area. (See related City Council Minutes Item No. 7.4.) ACTION: Approved. MOTION - SECOND - AYES Cavecche Bilodeau Smith, Murphy, Cavecche, Dumitru, Bilodeau All items on the Consent Calendar were approved as recommended. END OF CONSENT CALENDAR PAGE 1 ORANGE REDEVELOPMENT AGENCY MINUTES February 26,2008 4. REPORTS FROM DIRECTORS - None 5. REPORTS FROM BOARDS, COMMITTEES, AND COMMISSIONS - None 6. REPORTS FROM EXECUTIVE DIRECTOR - None 7. ADMINISTRATIVE REPORTS 7.1 Acquisition of three City-owned surplus properties to the Orange Redevelopment Agency for redevelopment purposes. (RA2100.0 Agr-5239; 5240) SUMMARY: Several City surplus properties were created in the Uptown Orange area as a result of the Santa Ana (1-5) freeway widening. Proposed are two Purchase and Sale Agreements for the acquisition and transfer of three City-owned surplus properties to the Orange Redevelopment Agency for redevelopment purposes. (See related City Council Minutes Item No. 7.3.) RESOLUTION NO. ORA-0479 A Resolution of the Orange Redevelopment Agency approving the acquisition from the City of Orange of two noncontiguous parcels of unimproved real property consisting together of approximately 4,603 square feet and generally located on the south side of West Chapman Avenue east of Rampart Street in the City of Orange. RESOLUTION NO. ORA-0480 A Resolution of the Orange Redevelopment Agency approving the acquisition from the City of Orange of that certain unimproved real property consisting of approximately 19,672 square feet and generally located on the west side of State College Boulevard approximately 235 feet north of the intersection of State College Boulevard and West Chapman Avenue in the City of Orange. MOTION SECOND AYES - Dumitru - Murphy - Smith, Murphy, Cavecche, Dumitru, Bilodeau Moved to: 1) Adopt Resolution No. ORA-0479; 2) Adopt Resolution No. ORA-0480; and 3) Authorize the transfer of $903,700 from unappropriated reserves in the Merged Debt Service Fund (Fund 987) to Merged Capital Projects Fund (Fund 940) and appropriate funds in the amount of $723,000 to the St. College Blvd.lChapman Ave. Property Remnant project account (940-9800-481102-9226) and $180,700 to the West Chapman Ave.lRampart Property Remnant project account (940-9800-481102-9227). PAGE 2 ORANGE REDEVELOPMENT AGENCY MINUTES February 26, 2008 8. LEGAL AFFAIRS - None 9. PUBLIC HEARINGS 9.1 THE ISSUANCE, SALE AND DELIVERY OF TAX ALLOCATION BONDS FOR FINANCING ADDITIONAL COSTS OF REDEVELOPMENT PROJECTS. (R3500.0) (See related City Council Minutes Item No. 10.1) The joint public hearing with the Orange City Council to consider an Orange Redevelopment Agency proposal to issue bonds netting proceeds of approximately $30,000,000 to finance the cost of the acquisition of land for and the installation and construction of public capital improvements of benefit to the Orange Merged and Amended Redevelopment Project Area, was continued to this time from February 12. 2008. RESOLUTION NO. ORA-0476 A Resolution of the Orange Redevelopment Agency approving the issuance, sale and delivery of Tax Allocation Bonds for financing additional costs of redevelopment projects, approving as to form and authorizing the execution and delivery of certain documents in connection with such bonds, making findings pursuant to California Health and Safety Code Section 33445 and authorizing certain other related matters. MOTION - Murphy SECOND - Bilodeau A YES - Smith, Murphy, Dumitru, Bilodeau NOES - Cavecche 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. PAGE 3 ORANGE REDEVELOPMENT AGENCY MINUTES February 26, 2008 11. ADJOURNMENT - The Agency adjourned at 6:50 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 February 26, 2008 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. PAGE 4