HomeMy WebLinkAbout9_12_2006 - ORA MinutesAPPROVED BY THE DIRECTORS ON SEPTEMBER 26, 2006
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING September 12,2006
The Orange Redevelopment Agency of the City of Orange, California convened on September
12,2006 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 ABSENT -
None 2. PUBLIC
COMMENTS - None.3. CONSENT CALENDAR
3.1 Request
Agency confirmation of warrant registers dated August 17 and 24, 2006.ACTION:Approved.3.
2 Request
approval of Redevelopment Agency Minutes, Regular Meeting August 22,2006. (RC2500.D.
4)ACTION:Approved.MOTION -
Cavecche SECOND -
Smith AYES - Smith,
Murphy, Cavecche, Dumitru
All items on the Consent Calendar
were approved as recommended.END OF CONSENT CALENDAR Pace 1
ORANGE REDEVELOPMENT AGENCY MINUTES September 12, 2006
4. REPORTS FROM DIRECTORS - None.5.
REPORTS FROM BOARDS, COMMITTEES, AND COMMISSIONS 5.
1 Annual review and approval of the City of Orange and the Orange Redevelopment Agency
Statement of Investment Policy (SIP) for Fiscal Year 2006-07. (ORI800.0.27.16.2)
See Related City Council Minutes Item No. 6.1)
SUMMARY: Per recommendations from the Investment Advisory Committee and the
Investment Oversight Committee, it is proposed that no changes be made to the City's and the
Redevelopment Agency's Statement of Investment Policy with the exception of minor language
changes to clarify portfolio investment limits in Section 3.1b.
RESOLUTION ORA-
0458 A Resolution of the Orange Redevelopment Agency approving and adopting a Statement
of Investment Policy for fiscal year 2006-07 and delegating investment of
Orange Redevelopment Agency funds to the Treasurer of the City
of Orange.MOTION -
Dumitru SECOND - Smith
AYES - Smith, Murphy, Cavecche, Dumitru Moved
to repeal Resolution No. ORA-0446 and adopt Resolution No. ORA-0458 adopting
the Statement ofInvestment Policy for FY
2006-07.FISCAL IMPACT: No
fiscal impact.6. REPORTS FROM EXECUTIVE DIRECTOR -
None.7. ADMINISTRATIVE
REPORTS 7.1 Report from Assistant Executive Director - Purchase of an unimproved parcel of
surplus property on Manchester Avenue from the Orange County Transportation
Authority for redevelopment purposes. (RA2100.0 Agr-
4965)See related City Council Minutes Item No. 7.
3)SUMMARY: The adoption of Resolution ORA-0457 authorizes the purchase from
the Orange County Transportation Authority of an unimproved parcel of surplus real
property on Manchester A venue by the Orange Redevelopment Agency for
redevelopment purposes.
ORANGE REDEVELOPMENT AGENCY MINUTES September 12, 2006
7. ADMINISTRATIVE REPORTS (Continued)
RESOLUTION NO. ORA-
0457 A Resolution of the Orange Redevelopment Agency approving the acquisition of an
unimproved parcel of surplus real property generally located north of Chapman Avenue on the east side
of Manchester Avenue from the Orange County Transportation
Authority.
MOTION
SECOND
AYES Cavecche
Dumitru Smith,
Murphy, Cavecche, Dumitru Moved to:
1. Adopt
Resolution No. ORA-0457;2.
Authorize the transfer of $69,000 from unappropriated reserves in the Orange Merged Capital
Projects Fund (Fund 940) and appropriate funds in the amount of $69,000 to the OCTA Surplus
Property - Manchester project account (940-9800-481102-9223);
and 3. Authorize the transfer of $10,000 from OCTA Surplus Property account (
940-9800-485100-9212) to the OCTA Surplus Property - Manchester
account (940-9800-481102-9223).FISCAL IMP ACT: Sufficient funds are available for this project
in the Orange Merged
Capital Projects Fund (Fund 940).
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 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 regnlar meeting of September 12,
2006 at Orange Civic Center kiosk, Police facility at 1107 North Batavia, Shaffer Park; 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.
AGENCY CLERK ARK
A.
MURPHY CHAIRMAN