HomeMy WebLinkAbout04-08-2008 ORA MinutesAPPROVED BY THE DIRECTORS ON APRIL 22, 2008
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING April 8, 2008
The Orange Redevelopment Agency of the City of Orange, California convened on April 8, 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 -
None.2. PUBLIC
COMMENTS - NONE.3.1 Request
Agency confirmation of warrant registers dated March 20 and 27, 2008.ACTION:Approved.3.
2 Request
approval of Redevelopment Agency Minutes, Regular Meeting March 25, 2008.RC2500.D.4)
ACTION:Approved.3.
3 RESOLUTION
NO. ORA-0484 (ORI800.0.27.16.2)A Resolution
of the Orange Redevelopment Agency Amending its Statement of Investment Policy
for Fiscal Year 2007-08, Approving and Adopting a Statement of Investment
Policy for Fiscal Year 2008-09, and Delegating Investment of Orange
Redevelopment Agency funds to the Treasurer of the City of Orange.
See related City Council Minutes Item No. 3.21)
ACTION: Approved.
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ORANGE REDEVELOPMENT AGENCY MINUTES April 8, 2008
3. CONSENT CALENDAR (Continued)
3.4 First Amendment to Property Improvement Loan Agreement between the Orange
Redevelopment Agency and Wallace C. and Mary R. Zirkle, Trustees of the Zirkle
Family Trust. (RA2100.0 Agr-5068.
1)SUMMARY: Amendment to an Orange Redevelopment Agency loan to Wallace C.
and Mary R. Zirkle, Trustees of the Zirkle Family Trust increasing the amount from $212,
325 to $222,325 and revising the timeframe for completion for fa9ade improvements
to commercial property located at 177 N. Glassell
Street.ACTION: Approved the amendment to Property Improvement Loan Agreement
and authorize the Chair and Agency Clerk to execute on behalf of the
Agency.FISCAL IMP ACT: This amendment will result in the expenditure of up
to 222,325.00 of Redevelopment Agency tax increment funds (Fund 940) in the form of
a loan. Sufficient funds are available in Account Number 940-
9800-485702-9874 (Orange
Small Business
Assistance Programs).
MOTION -
SECOND -
AYES
Murphy Smith Smith, Murphy, Cavecche,
Dumitru, Bilodeau Moved to approve all items on the
Consent Calendar.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.PaQe 2
ORANGE REDEVELOPMENT AGENCY MINUTES April 8, 2008
8. LEGAL AFFAIRS - None.9.
RECESS TO CLOSED SESSION NOTE:
The Agency did not recess to closed session.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 5:40 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 April 8, 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.utI AGENCY
CLE
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