HomeMy WebLinkAbout09-13-2011 ORA MinutesAPPROVED BY THE DIRECTORS ON SEPTEMBER 27, 2011
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING September 13, 2011
The Orange Redevelopment Agency of the City of Orange, California convened on September
13, 2011 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. ROLL CALL
PRESENT - Whitaker, Smith, Cavecche, Dumitru, Bilodeau
ABSENT - None
2. PUBLIC COMMENTS — None
3. CONSENT CALENDAR
3.1 Confirmation of warrant registers dated August 18 and 25, and September 1, 2011.
ACTION: Approved.
3.2 Redevelopment Agency Minutes, Regular Meeting of August 23, 2011.(RC 2500.D.4)
ACTION: Approved.
REMOVED AND HEARD SEPARATELY)
3.3 RESOLUTION NO. ORA -0533 (Cont'd from August 23, 2011) (OR1800.0.27.16.2)
A Resolution of the Orange Redevelopment Agency Approving and Adopting a
Statement of Investment Policy for Fiscal Year 2011 -12.
See related City Council Minutes Item No. 3.9)
Discussion — Director Whitaker suggested a change to the language in Section 3.3 in the
policy to indicate that any securities rated below AAA would be reviewed by the City.
MOTION - Whitaker
SECOND - Cavecche
AYES - Whitaker, Smith, Cavecche, Dumitru, Bilodeau
Moved to approve Resolution No. 10575, adopting a revised investment policy with the
change to the language in Section 3.3 at various locations to say "anything below a AAA
rating would require review."
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ORANGE REDEVELOPMENT AGENCY MINUTES
3. CONSENT CALENDAR (Continued)
MOTION - Dumitru
SECOND - Cavecche
AYES - Whitaker, Smith, Cavecche, Dumitru, Bilodeau
September 13, 2011
Item 3.3 was removed and heard separately. All other items on the Consent Calendar
were 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 — The Agency did not recess.
a. To consider and take possible action upon such other matters as are orally announced by the
General Counsel, Executive Director of the Board of Directors prior to such recess unless the
motion to recess indicates any of the matters will not be considered in Closed Session.
10. ADJOURNMENT — The Agency adjourned at 5:00 p.m.
Declaration of the Clerk of the Orange Redevelopment Agency, Mary E. Murphy, declaring
posting of Orange Redevelopment Agency Agenda of a regular meeting of September 13, 2011 at
Orange Civic Center kiosk, Police facility at 1107 North Batavia, and the Main Public Library at
407 E. Chapman; 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.
URPHY
AGENCY CLERK
LYN V. CAVE
CI4AIRMAN
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