4/8/2008 - City Council Minutes - CC Minutes Reg Meeting
APPROVED BY THE DIRECTORS ON APRIL 22, 2008
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING April 8, 2008
The Orange Redevelopment Agency of the City of Orange, California convened on April 8, 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.
3.1 Request Agency confirmation of warrant registers dated March 20 and 27, 2008.
ACTION:
Approved.
3.2 Request approval of Redevelopment Agency Minutes, Regular Meeting March 25, 2008.
(RC2500.D.4)
ACTION:
Approved.
3.3 RESOLUTION NO. ORA-0484 (ORI800.0.27.16.2)
A Resolution of the Orange Redevelopment Agency Amending its Statement of
Investment Policy for Fiscal Year 2007-08, Approving and Adopting a Statement of
Investment Policy for Fiscal Year 2008-09, and Delegating Investment of Orange
Redevelopment Agency funds to the Treasurer of the City of Orange.
(See related City Council Minutes Item No. 3.21)
ACTION: Approved.
PaQe 1
ORANGE REDEVELOPMENT AGENCY MINUTES
April 8, 2008
3. CONSENT CALENDAR (Continued)
3.4 First Amendment to Property Improvement Loan Agreement between the Orange
Redevelopment Agency and Wallace C. and Mary R. Zirkle, Trustees of the Zirkle
Family Trust. (RA2100.0 Agr-5068.1)
SUMMARY: Amendment to an Orange Redevelopment Agency loan to Wallace C. and
Mary R. Zirkle, Trustees of the Zirkle Family Trust increasing the amount from $212,325
to $222,325 and revising the timeframe for completion for fa9ade improvements to
commercial property located at 177 N. Glassell Street.
ACTION: Approved the amendment to Property Improvement Loan Agreement and
authorize the Chair and Agency Clerk to execute on behalf of the Agency.
FISCAL IMP ACT: This amendment will result in the expenditure of up to
$222,325.00 of Redevelopment Agency tax increment funds (Fund 940) in the form of a
loan. Sufficient funds are available in Account Number 940-9800-485702-9874 (Orange
Small Business Assistance Programs).
MOTION -
SECOND -
AYES
Murphy
Smith
Smith, Murphy, Cavecche, Dumitru, Bilodeau
Moved to approve all items on the Consent Calendar.
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 - None.
PaQe 2
ORANGE REDEVELOPMENT AGENCY MINUTES
April 8, 2008
8. LEGAL AFFAIRS - None.
9. RECESS TO CLOSED SESSION
NOTE: The Agency did not recess to closed session.
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 5:40 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 April 8, 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.
utI
~~
AGENCY CLE
PAGE 3