HomeMy WebLinkAbout06-24-2008 ORA MinutesAPPROVED BY THE DIRECTORS ON JULY 8, 2008
ORANGE REDEVELOPMENT AGENCY ORANGE CALIFORNIA
MINUTES OF A REGULAR MEETING June 24 2008
The Orange Redevelopment Agency of the City of Orange, California convened on June 24,
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 -ABSENT -
Smith, Murphy,
Cavecche, Dumitru, Bilodeau None.2.
PUBLIC
COMMENTS At this
time, members of the public may address the Agency on any off-agenda items within
the subject matter jurisdiction of the Agency provided that NO action may be taken
on off-agenda items unless authorized by law. Comments are limited to three
minutes per person.
3. CONSENT CALENDAR
3.1 Request Agency confirmation of warrant registers dated May 29, June 5 and 12.
ACTION:Approved.
3.2 Request approval of Redevelopment Agency Minutes, Regular Meeting dated June
10,2008. (RC2500.D.4)
ACTION:Approved.
PAGE 1
ORANGE REDEVELOPMENT AGENCY MINUTES June 24, 2008
3. CONSENT CALENDAR (Continued)
AGREEMENTS
3.3 Approval of a Reimbursement Agreement between the City of Orange and the
Orange Redevelopment Agency for FY 2008-2009. (RA2100.0 Agr-
5107.A)SUMMARY: The Reimbursement Agreement between the City and Agency
will create indebtedness which will enable the Agency to utilize tax increment revenue
instead of bond proceeds to pay for operational costs. This will free up bond proceeds for
loans
or projects.ACTION: Approved the Reimbursement Agreement between the City of Orange
and the Orange Redevelopment Agency, and authorized the Chairman and Agency
Clerk to execute the Agreement on behalf of
the Agency.FISCAL IMP ACT: There is no net fiscal impact on either the City or
Agency budget.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.
MOTION -SECOND -
AYES
Dumitru
Murphy
Smith, Murphy, Cavecche, Dumitru, Bilodeau
All items on the Consent Calendar were approved.
END OF CONSENT CALENDAR
4. REPORTS FROM DIRECTORS
5. REPORTS FROM BOARDS, COMMITTEES, AND COMMISSIONS
6. REPORTS FROM EXECUTIVE DIRECTOR
PAGE 2
ORANGE REDEVELOPMENT AGENCY MINUTES June 24, 2008
7. ADMINISTRATIVE REPORTS
7.1 A Cooperation and Reimbursement Agreement between the Orange Redevelopment
Agency and the City of Orange relating to funding of certain public improvements at El
Camino Real Park. (RA2100.0 Agr-
5293)See related City Council Agenda Item No. 7.
1)SUMMARY: The Cooperation and Reimbursement Agreement provides for Agency funding
to the City of Orange of the Agency's share of costs incurred for certain public
improvements located at EI Camino Real Park in an amount not to exceed $2,900,
000.RESOLUTION NO.
ORA-0489 Resolution of the Orange Redevelopment Agency approving and authorizing the execution
of a Cooperation and Reimbursement Agreement by and between the City of Orange and
the Orange Redevelopment Agency for the EI Camino Park
Renovation Project.MOTION -
Dumitru SECOND - Cavecche
AYES - Smith, Murphy, Cavecche, Dumitru, Bilodeau ACTION:
1) Adopted Resolution No. ORA-0489 and 2) Appropriated $2,900,000 from the
unreserved fund balance of the Merged 2008 Tax Exempt Bonds to Account 944-
9800-481155-0607 (EI Camino
Park Renovations).FISCAL IMP ACT: Sufficient funds are available in the Merged 2008 Tax
Exempt Bonds Fund 944) for
this project.8.
LEGAL AFFAIRS
ORANGE REDEVELOPMENT AGENCY MINUTES June 24, 2008
9. PUBLIC HEARINGS
9.1 PROPOSED FY 2008-09 ORANGE REDEVELOPMENT AGENCY
BUDGET.C2500.J.1.
1 )See related City Council Minutes Item No.1 0.
1)The public hearing to consider the proposed Fiscal Year 2008-09
Orange Redevelopment Agency Budget - was continued to this time from June 10,
2008.Agency
Action:RESOLUTION NO.
ORA-0487 A Resolution of the Orange Redevelopment Agency adopting said Agency's Budget
for the Fiscal Year 2008-09 and relating to transfers of funds between
and within appropriations,transfers between funds
and additional appropriations.
MOTION - Smith SECOND -
Dumitru AYES - Smith, Murphy, Cavecche, Dumitru, Bilodeau
Moved to approve Resolution No. ORA-
0487.10. RECESS TO CLOSED
SESSION NOTE: 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.11. ADJOURNMENT - The Agency adjourned at 5:50 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 June 24, 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.
PAGE <1