HomeMy WebLinkAbout8_10_2004 - ORA MinutesAPPROVED BY THE DIRECTORS ON AUGUST 24, 2004
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING August 10, 2004
4:30 P.M. SESSION
The Orange Redevelopment Agency of the City of Orange, California convened on August 10,
2004 at 4:30 p.m. in a Regular Meeting in the Council Chambers, 300 E. Chapman Avenue,
Orange, California.
1. ROLLCALL
PRESENT -ABSENT -
Alvarez, Ambriz,
Chairman Murphy, Cavecche Coontz 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 August 10, 2004
at Orange Civic Center north facing 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 tbe public at least 72 hours before commencement of said regular meeting;
and available at the Orange Civic Center City Clerk's Office at Main Public
Library at 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 July 20, 22, 29 2004.ACTION:Approved.3.
3 Request
approval of Redevelopment Agency Minutes, Regnlar Meeting, July 27,2004 (RC2500.D.
4)ACTION:Approved.3.
4 Approval
of a Reimbursement Agreement between the City of Orange and the Orange Redevelopment Agency
for FY 2004-2005. (RA2100.0 Agr-3283.E)SUMMARY:
The Reimbursement Agreement between the City and Agzncy will create indebtedness
which will enable the Agency to utilize tax increment revenue instead of bond proceeds
to pay for operational costs. This will free up bond proceeds for loans or projects.See
City Council Minutes Item No. 3.7)ACTION:
Approved the Reimbursement Agreement between the City of Orange and Orange
Redevelopment Agency, and authorized the Chairman to execute, and the Agency
Clerk to attest, the Agreement on behalf of the Agency.PAGEl
ORANGE REDEVELOPMENT AGENCY MINUTES August 10,2004
FISCAL IMP ACT: There is no net fiscal impact on either the City or Agency budget.
Interest paid by the Agency on the loan will be offset equally by interest earned by the
Agency on the loan proceeds. There are sufficient tax increment revenues and other
funds available to repay this loan.
MOTION -SECOND -
AYES ABSENT -
Cavecche
Ambriz Alvarez,
Ambriz,
Chairman
Murphy, Cavecche Coontz 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.7. ADMINISTRATIVE REPORTS - None.8. LEGAL
AFFAIRS - None.9. RECESS TO
CLOSED SESSION NOTE: The agency
did not recess.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 5:35
p.m.1L~~/. 7l'pd)^,~' .()HJttl.t! AGENCY CLERK PAGE 2