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HomeMy WebLinkAbout12_11_2007 - Orange Industrial Development Authority MinutesAPPROVED BY THE DIRECTORS ON DECEMEBER 9, 2008 ORANGE INDUSTRIAL DEVELOPMENT AUTHORITY December 11, 2007 MINUTES OF A REGULAR ANNUAL MEETING Orange, California The Orange Industrial Development Authority of the City of Orange, California convened on December 11,2007 at 4:30 p.m. in a Regular Annual 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. CONSENT CALENDAR 3.1 Orange Industrial Development Authority Minutes, Regular Meeting, December 12,2006.ACTION: Approved. MOTION - Dumitru SECOND - Murphy A YES - Smith, Murphy, Cavecche, Dumitru, Bilodeau All items on the Consent Calendar were approved as recommended.END OF CONSENT CALENDAR 4. REPORTS OF OFFICERS AND COMMITTEES 4.1 Administrative Report from the Assistant Executive Director of the Industrial Development Authority of the City of Orange.SUMMARY: The Bylaws of the Industrial Development Authority require that an administrative report of the Authority's activities for the prior fiscal year be presented to the Board of Directors each December.1 Discussion - Senior Project Manager Lisa Kim reported thereare no outstanding bonds issued at this time; but recommended that the Authority remain in business. There is no cost to the City and it provides a tool to help attract businesses to Orange.Page 1 ORANGE INDUSTRIAL DEVELOPMENT AUTHORITY MINUTES December 11, 2007 4. REPORTS OF OFFICERS AND COMMITTEES (Continued) MOTION - Murphy SECOND - Dumitru A YES - Smith, Murphy, Cavecche, Dumitru, Bilodeau Moved to receive and file.FISCAL IMP ACT: The Report has no impact on the City of Orange or Orange Redevelopment Agency budget. The Industrial Development Authority does not have an annual budget.5. UNFINISHED BUSINESS - None.6. NEW BUSINESS - None. 7. ADJOURNMENT - The Authority adjourned at 7:05 p.m.Declaration of the Secretary of the Orange Industrial Development Authority, Mary E. Murphy,declaring posting of Orange Industrial Development Authority Agenda of a regular meeting of December 11,2007 at Orange Civic Center kiosk, Police facility at 1107 North Batavia, and Main Library at 407 E.Chapman Avenue, 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.CLERK Page 2