HomeMy WebLinkAbout03-11-2008 ORA MinutesAPROVED BY THE DIRECTORS ON MARCH 25, 2008
ORANGE REDEVELOPMENT AGENCY March 11, 2008
The Orange Redevelopment Agency of the City of Orange, California convened on March 11,
2008 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 - Smith, Murphy, Cavecche, Dumitru, Bilodeau ABSENT -
2. PUBLIC
COMMENTS - NONE.3.1 Request
Agency confirmation of warrant registers dated February 14 and 21, 2008.ACTION:Approved.3.
2 Request
approval of Redevelopment Agency Minutes, Regular Meeting dated February 26, 2008. (
RC2500.D.4)ACTION:Approved.MOTION -
SECOND -AYES
Dumitru Murphy
Smith, Murphy,
Cavecche,
Dumitru,
Bilodeau
All 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.PAGE
1
ORANGE REDEVELOPMENT AGENCY MINUTES March 11, 2008
7. ADMINISTRATIVE REPORTS - None.8.
LEGAL AFFAIRS - None.9. RECESS
TO CLOSED SESSION The Agency
recessed at 6:05 p.m. to a Closed Session for the following purpose:a. Conference
with Real Property Negotiators (Government Code Section 54956.8):Property: 3101
W. Chapman Avenue Agency Negotiator:
Jim Reichert and Lisa Kim on behalf of the Orange Redevelopment Agency.
Negotiating Parties:
Alpha & Omega Development, LP, a limited partnership,as the
seller, and the Orange Redevelopment Agency, as the buyer.Under Negotiation:
Price and terms of payment.b. 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.7:00
P.M. SESSION 10. PUBLIC
COMMENTS - None.11. ADMINISTRATIVE REPORTS
11.1 Acquisition
of 3101 West Chapman Avenue by the Orange Redevelopment Agency for redevelopment purposes. (
RA2100.0 Agr-5248)SUMMARY: Proposed
Purchase and Sale Agreement and Joint Escrow Instructions for the acquisition of
310 1 West Chapman Avenue in the City of Orange by the Orange Redevelopment Agency for
redevelopment purposes.RESOLUTION NO.
ORA-0481 A
Resolution of the Orange Redevelopment Agency approving the acquisition for redevelopment purposes
ofa 2.639-acre parcel ofland commonly known as 3101 West Chapman Avenue in the
City of Orange from Alpha & Omega Development, LP.
PAGE 2
ORANGE REDEVELOPMENT AGENCY MINUTES March 11, 2008
11. ADMINISTRATIVE REPORTS (Continued)
NOTE: Staff submitted a revised Resolution No. ORA-
0481.
MOTION
SECOND
AYES Cavecche
Murphy Smith,
Murphy, Cavecche, Dumitru, Bilodeau ACTION:1)
Adopted
Resolution No. ORA-0481, as revised; and 2)
Authorized the transfer of $5,887,000 from unappropriated reserves in the Merged Debt Service
Fund (Fund 987) to Merged Capital Projects Fund (Fund 940) and appropriated funds in the
amount of $5,887,000 to Account 940-9800-481102-9230 (3101 West
Chapman Avenue project). In addition, appropriated $2,900,000 from the unreserved fund balance of
the NW &SW Merged 2003 Taxable Bonds Fund (Fund 942) to Account
942-9800-481102-9230 (
3101 West Chapman Avenue project).FISCAL IMPACT: Sufficient funds in the amount of$8,787,000 are
available for this project in the Merged Debt Service Fund (Fund 987) and NW & SW
Merged 2003
Taxable Bonds
Fund Fund 942).12. ADJOURNMENT The Agency adjourned
at 9:55 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 March 11, 2008 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.
MA
URPHY A