HomeMy WebLinkAbout08-11-1998 ORA MinutesAPPROVED BY THE AGENCY BOARD ON AUGUST 25, 1998
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING August 11, 1998
The Orange Redevelopment Agency of the City of Orange, California convened on August 11;
1998 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, Slater,
Coontz, Spurgeon, Alvarez None 2.
PUBLIC
COMMENTS - None 3. CONSENT CALENDAR
3.1 Declaration
of the Clerk of the Orange Redevelopment Agency, Cassandra J. Cathcart,declaring posting of
Orange Redevelopment Agency Agenda of a regular meeting of August 11, 1998
at Orange Civic Center, Taft Branch Library at 740 E. Taft Avenue,Police facility at
1107 North Batavia, the Eisenhower Park Bulletin Board, and summarized on Time-
Warner Communications, 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 City Clerk.3.2
Request Agency confirmation of warrant registers dated July 23, July 28, and July 30,1998.ACTION:
Approved.
3.3
Requestapproval of Redevelopment Agency Minutes, Regular Meeting, July 28, 1998.ACTION:Approved.
3.4
Releaseof Conditions, Covenants, and Restrictions for the property, purchased through the First
Time Homebuyer Program, located at 249 E. Palmdale Avenue, Orange, CA 92865. (RA2000.
0 AGR-3089)SUMMARY:
A request to release Conditions, Covenants, and Restrictions recorded on the
property located at 249 E. Palmdale Avenue from FREDDIE MAC for payment of 7,
000.PAGE
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ORANGE REDEVELOPMENT AGENCY MINUTES August 11, 1998
3. CONSENT CALENDAR (Continued)
ACTION: 1) Authorized acceptance of $7,000 from FREDDIE MAC as payment for
the release of Conditions, Covenants, and Restrictions recorded on the property located at
249 E. Palmdale Avenue, Orange, CA 92865; 2) authorized the Chairman of the Agency
Board of Directors to execute the Notice of Release of Conditions, Covenants, and
Restrictions; and 3) authorized the Finance Department to write off the First Time
Homebuyer loan balance of $5, 131.51.
FISCAL IMPACT: The outstanding principal balance of the Agency's Trust Deed is
12,131.51. The $7,000 payment from FREDDIE MAC will be applied to the principal
balance of the loan and recorded in account number 913-0000-
829000-0000-23026. The net loss of $5, 131.51 is deemed not collectable and
will be written
off.MOTION - Murphy
SECOND - Slater AYES - Murphy, Slater, Coontz, Spurgeon,
Alvarez 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 8. LEGAL AFFAIRS -
None 9. ADJOURNMENT MOTION- Coontz
SECOND- Murphy
AYES - Murphy,
Slater, Coontz,
Spurgeon, Alvarez The Redevelopment Agency adjourned at
10:30 p.m.CASSANDRA J. C THCART, CMC,
CLERK OF THE REDEVELOPMENT AGENCY PAGE
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