HomeMy WebLinkAbout01-26-1999 ORA MinutesAPPROVED BY THE AGENCY BOARD ON FEBRUARY 9, 1999
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING January 26, 1999
The Orange Redevelopment Agency of the City of Orange, California convened on January 26,
1999 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 - Murphy, Slater, Coontz, Spurgeon, Alvarez ABSENT -
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 January 26, 1999
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 ofthe City Clerk.3.2
RequestAgency confirmation of warrant registers dated January 7 and 14, 1999.ACTION:Approved.
3.3
Requestapproval of Redevelopment Agency Minutes, Regular Meeting January 12,1999.ACTION:
Approved.
MOTION -SECOND -
AYES Murphy
Alvarez Murphy,
Slater,
Coontz,
Spurgeon,
Alvarez The Consent Calendar was
approved as recommended.END OF CONSENT CALENDAR
4. REPORTS FROM DIRECTORS -
None PAGE 1
ORANGE REDEVELOPMENT AGENCY AGENDA January 26, 1999
5. REPORTS FROM BOARDS, COMMITTEES, AND COMMISSIONS - None 6.
REPORTS FROM EXECUTIVE DIRECTOR - None 7. ADMINISTRATIVE
REPORTS 7.1
Report from the Assistant Executive Director regarding an Affordable Housing Agreement by
and between the Orange Redevelopment Agency and the Orange Housing Development Corporation. (
RA2100.0 AGR-3195)SUMMARY:
Orange Housing Development Corporation (OHDC) plans to acquire and rehabilitate
a triplex located at 1741-1745 East Adams Avenue. The total estimated cost of the
project is $254,620, which includes $39,720 for rehabilitation. OHDC intends to obtain a 30-
year loan of $104,800 from Washington Mutual Bank, and has asked the Agency to fund the
149,820 balance. Staff is proposing that the Agency provide a 30-year loan of $30,000 at
three percent simple interest and a grant of $119,820 In return for the assistance, the units
would remain affordable for a 55-
year period.FISCAL IMPACT: Housing Set-Aside funds are available for this purpose
in the Southwest Housing
Set-Aside Project
Account.RESOLUTION NO. ORA-0353 A Resolution of the Orange Redevelopment
Agency approving an Affordable Housing Agreement by and between the Orange Redevelopment
Agency and the Orange Housing Development Corporation regarding 1741-1745
East
Adams Avenue and
making certain findings.
MOTION - Murphy SECOND - Slater AYES - Murphy, Slater,
Coontz, Spurgeon, Alvarez Moved that Resolution No. ORA-0353 as introduced, be adopted and
same was passed and approved
by the preceding
vote.MOTION - Murphy
SECOND - Slater AYES - Murphy, Slater, Coontz, Spurgeon,
Alvarez Moved to appropriate a total of $149,820 in Housing Set-Aside funds for the project
as follows:30,000 to 921-9809-485702-0000-19860 (
Southwest Housing Set-Aside Loan Account) and 119,820
to 921-9809-485802-0000-
19860 (Southwest
ORANGE REDEVELOPMENT AGENCY AGENDA January 26, 1999
9. RECESS TO CLOSED SESSION
NOTE: Board of Directors of the Orange Redevelopment Agency did not recess to a Closed
Session.
10. ADJOURNMENT
MOTION - Coontz SECOND -
Murphy AYES - Murphy,
Slater, Coontz, Spurgeon, Alvarez The Orange Redevelopment
Agency adjourned at 7:42 p.m.7 CASSANDRA J.
ATHCART,
CMC, CLERK OF THE REDEVELOPMENT
AGENCY z"-i"/.I " , '<./
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71
rOANNE COONTZ, C AN
OF THE REDEVELOP AGENCY
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