HomeMy WebLinkAbout7_26_2005 - ORA MinutesI
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APPROVED BY THE DIRECTORS ON AUGUST 9, 2005
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING July 26,2005
4:30 P.M. SESSION
The Orange Redevelopment Agency of the City of Orange, California convened on July 26, 2005
at 4:30 p.m. in a Regular Meeting in the Council Chambers, 300 E. Chapman Avenue, Orange,
California.
1. ROLL CALL
PRESENT -ABSENT -
Smith, Ambriz,
Murphy, Cavecche, Dumitru None.2.
PUBLIC
COMMENTS - None.3. CONSENT CALENDAR
3.1 Request
Agency confirmation of warrant registers dated July 7, 12 14,2005.ACTION:Approved.3.
2 Request
approval of Redevelopment Agency Minutes, Regular Meeting, July 12, 2005.RC2500.D.4)
ACTION:Approved.MOTION -
SECOND -AYES
Cavecche Ambriz
Smith, Ambriz,
Murphy,
Cavecche,
Dumitru
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
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ORANGE REDEVELOPMENT AGENCY MINUTES July 26,2005
7. ADMINISTRATIVE REPORTS
7.1 Report from the Interim Economic Development Director on an Affordable Housing
Loan Agreement. (RA2100.0 Agr-
4726)SUMMARY: Orange Housing Development Corporation (OHDC) plans to acqUire
and rehabilitate a 10-unit apartment building located at 1944 East Wilson Avenue.
The total estimated cost of the project is $1,971,565. Under the terms of the proposed
Affordable Housing Loan Agreement, the City will provide $1,145,574 in federal HOME funds and the
Agency will provide $499,057 Housing Set-Aside funds in the form of a 55-year loan.
In return for the assistance, the units would remain affordable to very low and
moderate-income
households for a 55-year period.See
Council Minutes Item No.
7.2)RESOLUTION NO. ORA 0444 A Resolution of the Orange Redevelopment
Agency approving an Affordable Housing Loan Agreement by and among the City of
Orange, Orange Redevelopment Agency and Orange Housing Development Corporation regarding 1944
East
Wilson Avenue and
making certain
findings.MOTION - Murphy SECOND Ambriz AYES - Smith,
Ambriz, Murphy,
Cavecche, Dumitru Moved to:I. Adopt
Resolution No. ORA 0444;2. Transfer $101,682 from account
317-9660-485100-1210 (HOME Community Housing Development Organization [CHDO] Funds)
and $1,043,892 from account 317-9660-485100-1250 (HOME
Developer Funds) to account number 317-9660-485702-9219 (HOME - Wilson
Avenue 3 Conditional Grant/Loan project account) for the project; [City]3. Transfer $499,
057 in Set-Aside funds (Fund 941) from unappropriated reserves to
account 913-9800-485701-9219 (Housing Loan - Wilson Avenue 3 Loan project
account). [Agency]FISCAL IMP ACT: After approval of the recommended transfers and appropriations, Housing Set-
Aside
funds and
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ORANGE REDEVELOPMENT AGENCY MINUTES July 26,2005
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 6:00 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 July 26, 2005 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;
and available at the Civic Center City Clerk's Office.lv-fYv1
MARY
E. MURPHY AGENCY
CLERK MARK
A. MU CHAIRMAN