HomeMy WebLinkAbout11_27_2007 - ORA MinutesAPPROVED BY THE DIRECTORS ON DECEMBER 11, 2007
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING November 27,2007
The Orange Redevelopment Agency of the City of Orange, California convened on November
27,2007 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, Cavecche,
Dumitru, Bilodeau Murphy 2.
PUBLIC
COMMENTS - NONE.3. CONSENT CALENDAR
3.1 Request
Agency confirmation of warrant registers dated November 1, and 8, 2007.ACTION:Approved.3.
2 Request
approval of Redevelopment Agency Minutes, Regular Meeting dated November 13,2007. (
RC2500.D.4)ACTION:Approved.MOTION -
SECOND -AYES
ABSENT -Dumitru
Bilodeau Smith,
Cavecche,
Dumitru, Bilodeau
Murphy
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 November 27,2007
7. ADMINISTRATIVE REPORTS
7.1 Proposed Owner Participation Agreement between the Agency and 2375 Tustin
Ave. L.P. and a Cooperation Agreement with the City of Orange. (RA2100.0 Agr-
5185;
5186)SUMMARY: Proposed Owner Participation Agreement between the Agency and 2375
Tustin Ave. L.P., related to the development of a Best Buy store, for reimbursement to the
Owner Participant of costs associated with construction and installation of certain Public
Improvements along Tustin Street; and, a Cooperation Agreement between the City and
Redevelopment Agency for certain public improvements within the Orange Merged and
Amended Redevelopment Project
Area.See related City Council Minutes Item No. 7.
1.)Discussion - Senior Project Manager, Lisa Kim provided a staff report and responding to a
question from Councilmember Bilodeau, stated that the Best Buy Company has committed to a
l5 year lease with four, five-year options to
renew.Councilmember Bilodeau stated that the City is fortunate to have this project; however, he
is concerned with the traffic signal, and that along with the Public Works Department, he would
be monitoring its design and
development.RESOLUTION NO.
ORA-0471 A Resolution of the Orange Redevelopment Agency approving and authorizing the
execution of l) an Owner Participation Agreement with 2375 Tustin Ave. Associates, L.P.,
a California Limited Partnership, relating to redevelopment of property commonly known as 2355
and 2375 N. Tustin Street in the Orange Merged and Amended Redevelopment Project Area, and (
2) a Cooperation Agreement with the City of Orange for certain public improvements in
the vicinity of2355 and 2375 N.
Tustin Street.MOTION -
Bilodeau SECOND - Dumitru
AYES - Smith, Cavecche, Dumitru, Bilodeau ABSENT -
Murphy Moved to:
1) Adopt Resolution No. ORA-047l; and 2) Appropriate $483,000 from the unreserved
fund balance of the Tustin Project - Taxable Bonds Fund to Account 9l4-9800-485l00-
9225 (Brunswick Site/Best Buy Public Improvements).
FISCAL IMP ACT: Sufficient funds are available in the Tustin Project - TaxableBonds Fund for
this project.PAGE
2
ORANGE REDEVELOPMENT AGENCY MINUTES November 27,2007
8. LEGAL AFFAIRS - None.9.
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.10.
ADJOURNMENT - The Agency adjourned at 8:10 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 November 27, 2007 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.cL_G
MA MURPHYGENCYCLERK
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