3/11/2008 - City Council Minutes - CC Minutes Reg Meeting
APROVED BY THE DIRECTORS ON MARCH 25, 2008
ORANGE REDEVELOPMENT AGENCY March 11, 2008
The Orange Redevelopment Agency of the City of Orange, California convened on March 11,
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 -
2. PUBLIC COMMENTS - NONE.
3.1 Request Agency confirmation of warrant registers dated February 14 and 21, 2008.
ACTION:
Approved.
3.2 Request approval of Redevelopment Agency Minutes, Regular Meeting dated
February 26, 2008. (RC2500.D.4)
ACTION:
Approved.
MOTION -
SECOND -
AYES
Dumitru
Murphy
Smith, Murphy, Cavecche, Dumitru, Bilodeau
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
March 11, 2008
7. ADMINISTRATIVE REPORTS - None.
8. LEGAL AFFAIRS - None.
9. RECESS TO CLOSED SESSION
The Agency recessed at 6:05 p.m. to a Closed Session for the following purpose:
a. Conference with Real Property Negotiators (Government Code Section 54956.8):
Property: 3101 W. Chapman Avenue
Agency Negotiator: Jim Reichert and Lisa Kim on behalf of the Orange
Redevelopment Agency.
Negotiating Parties: Alpha & Omega Development, LP, a limited partnership,
as the seller, and the Orange Redevelopment Agency, as the buyer.
Under Negotiation: Price and terms of payment.
b. 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.
7:00 P.M. SESSION
10. PUBLIC COMMENTS - None.
11. ADMINISTRATIVE REPORTS
11.1 Acquisition of 3101 West Chapman Avenue by the Orange Redevelopment Agency
for redevelopment purposes. (RA2100.0 Agr-5248)
SUMMARY: Proposed Purchase and Sale Agreement and Joint Escrow Instructions for the
acquisition of 310 1 West Chapman Avenue in the City of Orange by the Orange Redevelopment
Agency for redevelopment purposes.
RESOLUTION NO. ORA-0481
A Resolution of the Orange Redevelopment Agency approving the acquisition for redevelopment
purposes ofa 2.639-acre parcel ofland commonly known as 3101 West Chapman Avenue in the
City of Orange from Alpha & Omega Development, LP.
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ORANGE REDEVELOPMENT AGENCY MINUTES
March 11, 2008
11. ADMINISTRATIVE REPORTS (Continued)
NOTE: Staff submitted a revised Resolution No. ORA-0481.
MOTION
SECOND
AYES
- Cavecche
- Murphy
- Smith, Murphy, Cavecche, Dumitru, Bilodeau
ACTION:
1) Adopted Resolution No. ORA-0481, as revised; and
2) Authorized the transfer of $5,887,000 from unappropriated reserves in the Merged Debt
Service Fund (Fund 987) to Merged Capital Projects Fund (Fund 940) and appropriated funds in
the amount of $5,887,000 to Account 940-9800-481102-9230 (3101 West Chapman Avenue
project). In addition, appropriated $2,900,000 from the unreserved fund balance of the NW &
SW Merged 2003 Taxable Bonds Fund (Fund 942) to Account 942-9800-481102-9230 (3101
West Chapman Avenue project).
FISCAL IMPACT: Sufficient funds in the amount of$8,787,000 are available for this project in
the Merged Debt Service Fund (Fund 987) and NW & SW Merged 2003 Taxable Bonds Fund
(Fund 942).
12. ADJOURNMENT
The Agency adjourned at 9:55 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 March 11, 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.
MA URPHY
A ENCY CLERK
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