HomeMy WebLinkAbout09-08-1998 ORA MinutesAPPROVED BY THE AGENCY BOARD ON SEPTEMBER 22, 1998
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING September 8, 1998
The Orange Redevelopment Agency of the City of Orange, California convened on September 8,
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, Alvarez Spurgeon 2.
PUBLIC
COMMENTS - None CONSENT CALENDAR 3.
1 Declaration
of the Clerk of the Orange Redevelopment Agency, Cassandra 1. Cathcart,declaring posting of
Orange Redevelopment Agency Agenda of a regular meeting of September 8, 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 August 20 and 27, 1998.ACTION:Approved.3.
3 Request
approval of Redevelopment Agency Minutes, Regular Meeting, August 25,1998.ACTION:Approved.
MOTION -
SECOND -AYES
ABSENT -Murphy
Slater Murphy,
Slater,
Coontz, Alvarez
Spurgeon
The
Consent Calendar was approved
as
recommended.END OF CONSENT CALENDAR 4. REPORTS
FROM DIRECTORS - None PAGE
1
ORANGE REDEVELOPMENT AGENCY MINUTES September 8, 1998
5. REPORTS FROM BOARDS, COMMITTEES, AND COMMISSIONS Tape 2827
5.1 Finance Director - Annual review and approval of the Statement of Investment Policy
for Fiscal Year 1998-99. (RA2500.0)
The proposed changes to the Statement of Investment Policy will add clarity and assist the City
in monitoring the investment limits that are currently in place. There is a very minor increase
proposed in investment allowable in the Local Agency Investment Fund (LAIF).
RESOLUTION NO. ORA-
0346 A Resolution of the Orange Redevelopment Agency approving and adopting a Statement
of Investment Policy and delegating investment of Orange Redevelopment Agency funds to
the Treasurer of the City of Orange and repealing Resolution No.
ORA-0335.MOTION -
Murphy SECOND - Coontz
AYES - Murphy, Slater, Coontz, Alvarez ABSENT -
Spurgeon Moved that
Resolution No. ORA-0346 as introduced, be adopted and same was passed and approved
by the preceding vote.6.
REPORTS FROM EXECUTIVE DIRECTOR - None 7. ADMINISTRATIVE
REPORTS - None 8. LEGAL AFFAIRS -
None THE REDEVELOPMENT AGENCY BOARD
RECESSED AT 6:00 P.M. AND RECONVENED AT 7:15 P.M.7:00
P.M.
SESSION 9. PUBLIC COMMENTS - None
10. PUBLIC HEARINGS 10.1
JOINT PUBLIC HEARING
WITH THE REGARDING PROPOSED DISPOSITION OF SOUTHWEST
REDEVELOPMENT PROJECT REDEVELOPMENT AGENCY
TO CLM LLC:
ORANGE CITY COUNCIL REAL PROPERTY
IN THE AREA
BY THE ORANGE Tape
3950 Time set for
a joint
public hearing with the City Council of the City of Orange to consider the disposition of certain real property
by the Agency to CLM LLC, a California limited liability company ("Developer") pursuant to the
terms and provisions of a Disposition and Development Agreement. (RP2500.D.l)PAGE
2
ORANGE REDEVELOPMENT AGENCY MINUTES September 8, 1998
10. PUBLIC HEARINGS (Continued)
The Developer proposes to assemble and redevelop approximately 4.28 acres of real property
bounded by Culver Avenue, Main Street, LaVeta Avenue and Alpine Road as a commercial
retail shopping center consisting of no greater than 44,250 gross leaseable square feet (the
Proj ect").
FISCAL IMP ACT: The approval of the Disposition and Development Agreement will require
an appropriation of $568,000 from Fund 922 - Southwest Taxable Bond Proceeds to cover costs necessary
to secure appropriate redevelopment of the development site. The sale of Agency property
will result in a $400,000 deposit to Account No. 922-0000-291100-0000-
20047 (Sale of
Real & Personal Property).NOTE: See City Council Item No. 13.1 for discussion
on this item.
RESOLUTION NO. ORA-0345 A Resolution of the Orange Redevelopment Agency approving (
1) a Disposition and Development Agreement with CLM LLC, a California limited
liability company, for the redevelopment of approximately 4.28 acres of land bounded by Culver
Avenue, Main Street, La Veta Avenue and Alpine Road in the Southwest Redevelopment Project, (
2) a Sale Agreement with the City of Orange for the disposition of City-owned real property
at the northeast corner of La Veta Avenue and Alpine Road to the Orange Redevelopment
Agency, and (3) an addendum to the final Environmental Impact Report for the Third
Amendment to the Redevelopment Plan
for the Southwest
Redevelopment Project.MOTION -
Murphy SECOND - Coontz AYES - Murphy, Slater,
Coontz, Alvarez ABSENT -
Spurgeon Moved that Resolution No. ORA-0345 as introduced, be adopted; and appropriated $
568,000 from Fund 922 - Southwest Taxable Bond Proceeds to cover project costs necessary to
secure appropriate redevelopment of the development site. Funds should be appropriated in
the following manner: Account No. 922-9811-486700-4012-
20047 (Capital Projects - Other Professional/Consulting - Relocation) - $10,000; Account
No. 922-9811-481103-4012-20047 Re10cation/Moving Expenses) - $
475,000; Account No. 922-9811-485302-4012-20047 Escrow/Title
Fees, Remediation) - $65,000; and
Account No.
ORANGE REDEVELOPMENT AGENCY MINUTES September 8, 1998
11. ADJOURNMENT
MOTION- Coontz
SECOND -Murphy
AYES - Murphy, Slater, Coontz, Alvarez ABSENT -
Spurgeon The Orange
Redevelopment Agency adjourned at 7:25 p.m.CASSANDRA J.
C HCART, CMC, CLERK OF THE
REDEVELOPMENT AGENCY PAGE 4