6/24/2008 - City Council Minutes - CC Minutes Reg Meeting
APPROVED BY THE DIRECTORS ON JULY 8, 2008
ORANGE REDEVELOPMENT AGENCY ORANGE CALIFORNIA
,
MINUTES OF A REGULAR MEETING June 24 2008
,
The Orange Redevelopment Agency of the City of Orange, California convened on June 24,
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 -
ABSENT -
Smith, Murphy, Cavecche, Dumitru, Bilodeau
None.
2. PUBLIC COMMENTS
At this time, members of the public may address the Agency on any off-agenda items
within the subject matter jurisdiction of the Agency provided that NO action may be
taken on off-agenda items unless authorized by law. Comments are limited to three
minutes per person.
3. CONSENT CALENDAR
3.1 Request Agency confirmation of warrant registers dated May 29, June 5 and 12.
ACTION:
Approved.
3.2 Request approval of Redevelopment Agency Minutes, Regular Meeting dated June
10,2008. (RC2500.D.4)
ACTION:
Approved.
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ORANGE REDEVELOPMENT AGENCY MINUTES
June 24, 2008
3. CONSENT CALENDAR (Continued)
AGREEMENTS
3.3 Approval of a Reimbursement Agreement between the City of Orange and the
Orange Redevelopment Agency for FY 2008-2009. (RA2100.0 Agr-5107.A)
SUMMARY: The Reimbursement Agreement between the City and Agency will create
indebtedness which will enable the Agency to utilize tax increment revenue instead of
bond proceeds to pay for operational costs. This will free up bond proceeds for loans or
projects.
ACTION: Approved the Reimbursement Agreement between the City of Orange and the
Orange Redevelopment Agency, and authorized the Chairman and Agency Clerk to
execute the Agreement on behalf of the Agency.
FISCAL IMP ACT: There is no net fiscal impact on either the City or Agency budget.
Interest paid by the Agency on the loan will be offset equally by interest earned by the
Agency on the loan proceeds. There are sufficient tax increment revenues and other
funds available to repay this loan.
MOTION -
SECOND -
AYES
Dumitru
Murphy
Smith, Murphy, Cavecche, Dumitru, Bilodeau
All items on the Consent Calendar were approved.
END OF CONSENT CALENDAR
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4. REPORTS FROM DIRECTORS
5. REPORTS FROM BOARDS, COMMITTEES, AND COMMISSIONS
6. REPORTS FROM EXECUTIVE DIRECTOR
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ORANGE REDEVELOPMENT AGENCY MINUTES
June 24, 2008
7. ADMINISTRATIVE REPORTS
7.1 A Cooperation and Reimbursement Agreement between the Orange Redevelopment
Agency and the City of Orange relating to funding of certain public improvements at El
Camino Real Park. (RA2100.0 Agr-5293)
(See related City Council Agenda Item No. 7.1)
SUMMARY: The Cooperation and Reimbursement Agreement provides for Agency funding to
the City of Orange of the Agency's share of costs incurred for certain public improvements
located at EI Camino Real Park in an amount not to exceed $2,900,000.
RESOLUTION NO. ORA-0489
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 the EI Camino Park Renovation Project.
MOTION - Dumitru
SECOND - Cavecche
AYES - Smith, Murphy, Cavecche, Dumitru, Bilodeau
ACTION: 1) Adopted Resolution No. ORA-0489 and 2) Appropriated $2,900,000 from the
unreserved fund balance of the Merged 2008 Tax Exempt Bonds to Account 944-9800-481155-
0607 (EI Camino Park Renovations).
FISCAL IMP ACT: Sufficient funds are available in the Merged 2008 Tax Exempt Bonds
(Fund 944) for this project.
8. LEGAL AFFAIRS
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ORANGE REDEVELOPMENT AGENCY MINUTES
June 24, 2008
9. PUBLIC HEARINGS
9.1 PROPOSED FY 2008-09 ORANGE REDEVELOPMENT AGENCY BUDGET.
(C2500.J.1.1 )
(See related City Council Minutes Item No.1 0.1)
The public hearing to consider the proposed Fiscal Year 2008-09 Orange Redevelopment
Agency Budget - was continued to this time from June 10, 2008.
Agency Action:
RESOLUTION NO. ORA-0487
A Resolution of the Orange Redevelopment Agency adopting said Agency's Budget for the
Fiscal Year 2008-09 and relating to transfers of funds between and within appropriations,
transfers between funds and additional appropriations.
MOTION - Smith
SECOND - Dumitru
AYES - Smith, Murphy, Cavecche, Dumitru, Bilodeau
Moved to approve Resolution No. ORA-0487.
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 5:50 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 June 24, 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.
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