Loading...
HomeMy WebLinkAbout06-22-1999 ORA MinutesAPPROVED BY THE AGENCY BOARD ON JULY 13,1999 ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA MINUTES OF A REGULAR MEETING JUNE 22, 1999 4:30 P.M. SESSION The Orange Redevelopment Agency of the City of Orange, California convened on June 22, 1999 at 4:30 p.m. in a Regular Meeting in the Council Chambers, 300 E. Chapman Avenue, Orange, California. 1. ROLLCALL PRESENT -Murphy, Slater, Coontz, Spurgeon, Alvarez ABSENT -None 2.PUBLIC COMMENTS Tape 250 Carole WaIters, (address on file), commented she will be looking at redevelopment issues throughout the County and the State. 3.CONSENT CALENDAR Tape 178 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 June 22, 1999 at Orange Civic Center, Main Library at 101 N. Center Street, 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 June 3 and 10, 1999.ACTION: Approved.3.3 Request approval of Redevelopment Agency Minutes, Regular Meeting, May 25,1999 and June 8, 1999.ACTION: Approved, AGREEMENTS3.4 Approval of a reimbursement Agreement between the City of Orange and the Orange Redevelopment Agency. (RA2100.0 AGR-3283)SUMMARY: The reimbursement Agreement between the City and Agency will create indebtedness which will enable the Agency to utilize tax increment revenue instead of PAGE ORANGE REDEVELOPMENT AGENCY MINUTES June 22, 1999 3. CONSENT CALENDAR (Continued) bond proceeds to pay for operational costs. This will free up bond proceeds for loans or projects, ACTION: Approved the Reimbursement Agreement between the Agency and the City; and amended the 1999-00 revenue and expenditure budget to record the loan and the corresponding repayment of the loan in accordance with Exhibit " A".FISCAL IMPACT: There is no net fiscal impact on either the Agency or City budget,other than to utilize tax increment funds to the extent available to pay for Agency operational costs, 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, APPROPRIATION 3.5 Adjustments to pass through payments and County Administration Fee for 1998-99 fiscal year. ( R3500.0)SUMMARY: Pass through payments to the County of Orange (General Fund, Flood Control District, Harbors, Beaches and Parks), Orange Unified School District, County Department of Education, Rancho Santiago College District, Orange County Water District, County Sanitation District #2, Anaheim Elementary School District, Anaheim Union High School District, Metropolitan Water District and County Administration Fee will be greater than previously budgeted due to increases in tax increment received by the Agency.ACTION: Approved appropriation of $170,000 for additional pass through payments necessary due to an increase in tax increment received in the following project areas:31,000 to Account No, 980-9801-465400 - Tustin Project Pass Through Expense;7,000 to Account No, 981-9811-465400 - Southwest Project Pass Through Expense; and 132,000 to Account No. 984-9821-465400 - Northwest Project Pass Through Expense.Approve additional appropriation of$750 for County Administration Fee in the following accounts: 1 )$150 to Account No. 931- 9809-434410 - Northwest Housing County Admin Fee; 2) $ 600 to Account No. 984- 9821- 434410 - Northwest Debt Service County Admin Fee.FISCAL IMPACT: Sufficient ORANGE REDEVELOPMENT AGENCY MINUTES June 22, 1999 3. CONSENT CALENDAR (Continued) RESOLUTIONS 3.6 RESOLUTION NO. ORA-0357 (RC2500.G.l. l)A Resolution of the Orange Redevelopment Agency adopting the revised First Time Homebuyer Program.ACTION: Approved.MOTION - Slater SECOND - Murphy AYES - Murphy, Slater, Coontz, Spurgeon, Alvarez The Consent Calendar was approved as recommended,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. RECESS TO CLOSED SESSION - None 10. ADJOURNMENT MOTION - Murphy SECOND - Slater AYES - Murphy, Slater, Coontz, Spurgeon, Alvarez The Redevelopment Agency adjourned at 7:47 p.m.i1d.t"~ llf~j-CASSANDRA J. C CART, CLERK OF THE REDEVELOPMENT AGENCY JO COONTZ, CHAIRM HE REDEVELOPMENT A PAGE 3