HomeMy WebLinkAbout10_12_2004 - ORA MinutesAPPROVED BY THE DIRECTORS ON OCTOBER 26, 2004
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING October 12, 2004
The Orange Redevelopment Agency of the City of Orange, California convened on October 12,
2004, 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. ROLLCALL
PRESENT -ABSENT -
Ambriz, Alvarez,
Chairman Murphy, Coontz, Cavecche None 2.
PUBLIC
COMMENTS - None.3. CONSENT CALENDAR
3.1 Declaration
of the Clerk of the Orange Redevelopment Agency, Mary E. Murphy,declaring posting of
Orange Redevelopment Agency Agenda of a regular meeting of October 12, 2004
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 and Main Public Library and
101 N. Center Street.ACTION: Accepted Declaration
of Agency Posting and authorized its retention as a public record in
the Office of the City Clerk,3.2 Request
Agency confirmation of warrant registers dated September 23 and 30,2004.ACTION:Approved,
3.
3 Request
approval of Redevelopment Agency Minutes, Regular Meeting, September 28, 2004. (RC2500.
D.4)ACTION:Approved,PAGE
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ORANGE REDEVELOPMENT AGENCY MINUTES October 12,2004
3. CONSENT CALENDAR (Continued)
3.4 Assignment and Assumption Agreement and Second Amendment to Owner
Participation Agreement by and between Orange Redevelopment Agency and RB
Village/Orange I, LLC, RB Village/Orange II, LLC, and RB Village/Orange III,
LLC (collectively, the Owner), Passco TVO-S, LLC, Pass co TVO-H,
LLC, Passco Diversified II TVO, LLC (collectively, Passco) and
Passco-RBL-TVO, LLC.
RA2100.0 Agr-4252.2)SUMMARY: In April 2003, the Agency
Board approved an Owner Participation Agreement with RB Orange, L.P, (the Participant) to
establish an Operating Covenant for the Village at Orange, In late October 2003, the
Participant transferred the Village at Orange to the Owner. The Owner now desires to sell the
property to Passco and its investors, As a result of the proposed sale, the Agency Board
is being asked to approve an Assignment and Assumption Agreement
and Second
Amendment to Owner Participation Agreement.ACTION: Approved the Assignment
and Assumption Agreement and Second Amendment to Owner Participation Agreement
by and between Orange Redevelopment Agency and RB Village/Orange I, LLC, RB Village/
Orange II, LLC, and RB Village/Orange III, LLC, Passco TVO-S,
LLC, Passco TVO-H, LLC, Passco Diversified
II TVO, LLC and Passco-RBL- TVO, LLC,FISCAL IMPACT: There will be no fiscal impact.
As a result of the proposed sale, the Agency will receive additional tax
increment revenue
estimated to
be $
500,
000
annually,MOTION -SECOND -AYES Alvarez
Ambriz Ambriz, Alvarez, Murphy, Coontz, Cavecche 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
ORANGE REDEVELOPMENT AGENCY MINUTES October 12, 2004
7. ADMINISTRATIVE REPORTS - None.8.
LEGAL AFFAIRS - None.9. RECESS
TO CLOSED SESSION The Redevelopment
Agency recessed at 6:15 p,m, to a Closed Session for the following purposes:a,
Conference
with Real Property Negotiators pursuant to Government Code Section 54956,8:1) Property:
1005-1103 West Chapman Avenue Agency
Negotiators: Jim Reichert and/or Rick Otto Negotiating
parties: Orange Redevelopment Agency and IDCN alentine,Under
negotiation: Price and terms of payment.2)
Property: 206 North Manchester Agency
Negotiators: Jim Reichert and/orRick Otto Negotiating
parties: Orange Redevelopment Agency and The Olson Company Under
negotiation: Price and terms of payment.b,
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 7:00 p,m,t'(.:-~~MAR ,.
HY -
L-AGENCY
CLERK /' ~1JJl:1i;#
CHAIRMAN PAGE
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