HomeMy WebLinkAbout03-28-1995 ORA MinutesORANGE REDEVELOPMENT AGENCY
MINUTES OF A REGULAR MEETING
ORANGE, CALIFORNIA
March 28, 1995
The Orange Redevelopment Agency of the City of Orange, California convened on March 28, 1995 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. ROLLCALL
PRESENT
ABSENT
Murphy, Barrera, Coontz, Spurgeon, Slater None
1.
1 APPROVAL OF MINUTES Regular
Meeting March 14, 1995.MOTION
SECOND
AYES
Murphy
Barrera
Murphy, Barrera,
Coontz, Spurgeon, Slater ACTION: Approved.2.
CONSENT CALENDAR
2.1 Declaration
of the Clerk of the Orange Redevelopment Agency, Marilyn J. Jensen, declaring posting of Orange
Redevelopment Agency Agenda of regular meeting of March 28, 1995 at Orange Civic Center,
Main Library, the Police Facility at 1107 N. Batavia and the Eisenhower Park Bulletin Board;
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.ACTION: Accepted Declaration
of Agency Posting and authorized its retention as a public record in the Office
of the Agency Clerk.2.2 Authorize
Chairman and Director of Finance to draw warrants on Agency's Fiscal Agent in payment of demands.
ACTION: Approved.REMOVED
AND HEARD
SEPARATELY)2.3 Request
authorization to approve First-Time Homebuyer Loan and authorize the Fiscal Agent to prepare a
warrant in the amount of $22,500.00. (RC2500.G.l.l)FISCAL IMPACT:
Funds are available in Account No. 913-9804-465701-9104 (First
Time Homebuyers Funds) for Case # 429. Detail number 23120 has been assigned to this
loan.Barbara DeNiro, 1118 E. Adams inquired why there was no address on any map? The
Director of Community Development responded the property is located in a new tract between Meats
and Loma along Via
Escola.PAGE
ORANGE REDEVELOPMENT AGENCY MINUTES March 28, 1995
2. CONSENT CALENDAR (Continued)
Mrs. DeNiro asked questions about escrow details and the Director of Community Development
gave the following explanations: As part of the First-Time Homebuyer Loan program the
City loans an amount of $22,500 which is the maximum amount the program allows to an
individual.This is the second trust deed the program would hold on the property. This is a single
family residence. The low or moderate refers to the individual's income not the value of the
structure.They have to qualify for the financing based on their income. The low or moderate income
is based on the median income throughout the County of Orange. The second trust deed is for
15 years with an interest rate of 8%. The income standards are established by HUD and the City
is audited every year. The loan is paid back over the 15 year
period.Mrs. DeNiro asked for a current accounting of all First Time Homebuyer loans
from Redevelopment available to the public? The City Manager indicated the files are available
for
revIew.
MOTION
SECOND
AYES Spurgeon
Murphy
Murphy, Barrera, Coontz, Spurgeon, Slater ACTION:
Moved to approve Items 2.3, 2.4and 2.5 as recommended.REMOVED
AND HEARD SEPARATELY)2.
4Request authorization to approve First-Time Homebuyer Loan and authorize the Fiscal Agent to
prepare a warrant in the amount of$l1,OOO.OO. (RC2500.G.1.l)
FISCAL IMPACT: Funds are available in Account No. 913-9804-465701-
9104 (First Time Homebuyers Funds) for Case # 432. Detail number 23121 has been assigned
to this loan.Barbara DeNiro questioned the escrow papers where it indicated the property
address but said not verified
by escrow holder."Director Slater explained this was a hold harmless statement on escrow papers.
They do not personally go out to the property to verify that that is the actual address.
The Title Company would
verify the address.Mrs. DeNiro further asked what the new encumbrance, first and second
trust deed meant?Director Slater explained there would be a new first trust deed for $93,000; the
second trust deed is what's being carried by the City. This is a new buyer with new loans. If there
is a previous encumbrance, it would be paid off. The buyer would pay this off through
their downpayment
on the
ORANGE REDEVELOPMENT AGENCY MINUTES March 28, 1995
2. CONSENT CALENDAR (Continued)
NOTE: Mrs. DeNiro indicated her questions were the same for 2.5 and had been answered.
ACTION: Approved. (See Item 2.3 for vote count.)
REMOVED AND HEARD SEPARATELY)
2.5 Request authorization to approve First-Time Homebuyer Loan and authorize the Fiscal Agent
to prepare a warrant in the amount of $10,000.00. (RC2500.G.l.
l)FISCAL IMPACT: Funds are available in Account No. 913-9804-
465701-9104 (First Time Homebuyers Funds) for Case # 435. Detail number 23119 has been
assigned to this loan.ACTION: Approved. (See Item 2.
3 for vote count.)2.6 Request authorization to approve a Code Enforcement Grant and authorize
the Fiscal Agent to prepare a warrant in the amount of $5,000.00. (C2500.
G.1.3.2)FISCAL IMPACT: Funds are available in
Account. No. 911-9802-
465802-9107 (
Code Enforcement Grant). Case # 581.ACTION: Approved.2.7 Request authorization to approve a Code Enforcement
Grant and authorize the Fiscal Agent to prepare a warrant in the amountof $2,
680.00. (C2500.G.1.3.2)FISCAL IMPACT: Funds
are available in Account.
No. 911-
9802-
465802-
9107 (
Code
Enforcement Grant).
Case # 579.ACTION: Approved.MOTION SECOND
AYES MurphySpurgeon Murphy, Barrera, Coontz, Spurgeon, Slater Items 2.3, 2.4 and 2.5 were removed and
heard separately; all remaining items
on the Consent Calendar
were approved as recommended.END OF
CONSENT CALENDAR 3. REPORTS FROM DIRECTORS - None 4. REPORTS
FROM BOARDS, COMMITTEES AND COMMISSIONS -
None 5.
ORANGE REDEVELOPMENT AGENCY MINUTES March 28, 1995
6. REPORTS FROM EXECUTIVE DIRECTOR - None 7.
LEGAL AFFAIRS - None 8. ORAL
PRESENTATIONS - None 9. ADJOURNMENT MOTION
SECOND AYES
Spurgeon
Murphy
Murphy,
Barrera, Coontz,
Spurgeon,
Slater The Redevelopment Agency adjourned at
6:15 p.m.MARILYN J. JENSEN MARILYN J.
JENSEN, CMC, CLERK
OF THE REDEVELOPMENT AGENCY c;.fi1&
VJ )ASSANDRAJ. C
CART, CMC, ASSISTANT
CLERK OF THE REDEVELOPMENT AGENCY
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