HomeMy WebLinkAbout10_14_2003 - ORA MinutesAPPROVED BY THE DIRECTORS ON OCTOBER 28, 2003
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING October 14 2003
4:30 P.M. SESSION
The Orange Redevelopment Agency of the City of Orange, California convened on October 14,
2003 at 4:30 p.m. in a Regular Meeting in the Council Chambers, 300 E. Chapman Avenue,
Orange, California.
1. ROLLCALL
PRESENT - Ambriz, Alvarez, Chairman Murphy, Coontz, Cavecche ABSENT -
None 2. PUBLIC
COMMENTS - None.3. CONSENTCALENDAR
3.1 Declaration
of the Clerk of the Orange Redevelopment Agency, Cassandra J.Cathcart, declaring posting
of Orange Redevelopment Agency Agenda of a regular meeting of October
14, 2003 at Orange Civic Center, City Clerk's Office, north facing kiosk, Main
Library at 101 N. Center Street, Police facility at 1107 North Batavia and 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.
ACTION: Accept Declaration
of Agency Posting and authorize its retention as a public record in the
Office of the City Clerk.3.2 Request
Agency confirmation of warrant registers dated September 18 and 25, 2003.ACTION:Approved.3.
3 Request
approval of Redevelopment Agency Minutes, Regular Meeting, September 23,2003.ACTION:
Approved.MOTION -
SECOND AYES
Alvarez Coontz
Ambriz,
Alvarez,
Murphy,
Coontz,
Cavecche All items on the
Consent Calendar were approved as recommended.END OF CONSENT CALENDAR
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ORANGE REDEVELOPMENT AGENCY MINUTES October 14, 2003
4. REPORTS FROM DIRECTORS - None.5.
REPORTS FROM BOARDS, COMMITTEES, AND COMMISSIONS 5.
1 Report from the Interim Finance Director on the annual review and approval of the Statement
ofInvestment Policy (SIP) for Fiscal Year 2003-04. (ORI800.0.27.16.2)
SUMMARY: Per the recommendations from the Investment Advisory Committee and
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 the reporting requirements shown in section 4.1 e).
See City Council Minutes Item No. 6.1)
RESOLUTION NO. ORA 0429
A Resolution of the Orange Redevelopment Agency approving and adopting a Statement of
Investment Policy for Fiscal Year 2003-04 and delegating investment of Orange
Redevelopment Agency Funds to the Treasurer of the City of
Orange.
MOTION
SECOND
AYES
Cavecche
Alvarez Ambriz, Alvarez, Murphy, Coontz,
Cavecche Moved to adopt Resolution No. ORA
0429.6. REPORTS FROM EXECUTIVE DIRECTOR - None.
7. ADMINISTRATIVE REPORTS
7.1 Report from Rick Otto, Senior Housing Manager - Affordable Housing Loan Agreement -
1844 East Wilson (RA2100.0 AGR-4373)
SUMMARY: Orange Housing Development Corporation (OHDC) plans to acquire and
rehabilitate a 10-unit apartment building located at 1844 East Wilson Avenue. The
total estimated cost of the project is $1,327,460. Under the terms of the proposed Affordable
Housing Loan Agreement, the City will provide $313,020 in federal HOME funds and the Agency
will provide $730,380 Housing Set-Aside funds in the form of a 65-year loan. In
return for the assistance, the units would remain affordable to low income households for
a 65-year period.See City Council Minutes
Item No.
ORANGE REDEVELOPMENT AGENCY MINUTES October 14, 2003
7. ADMINISTRATIVE REPORTS (Continued)
MOTION - Cavecche SECOND -
Alvarez AYES - Ambriz,
Alvarez, Murphy, Coontz, Cavecche ACTION:1. Adopted
Resolution
No. ORA-0430 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 1844 East Wilson Avenue and making certain findings.2.
Transferred $
102,033 from account 317-9660-485100-1210 (HOME Community
Housing Development Organization [CHDO] Funds) and $210,987 from account
317-9660-485100-1250 prior year HOME Developer Funds) to account
number 317-9660-485701-9209 (HOME -Wilson Avenue 2 Loan
project account) for the project. [CITY]3. Transferred $330,000 in Set-aside Funds (
Fund 941) from unappropriated reserves to account 913-9800-485701-9209 (
Housing Loan - Wilson Avenue 2 Loan project account). [AGENCY]4. Appropriated $400,380 from
unappropriated reserves in Housing Loan Fund (Fund 913) to account 913-
9800-
485701-9209 (Housing Loan - Wilson Avenue 2 Loan project account).AGENCY]
FISCAL IMPACT: After approval of the recommended transfers and appropriations, Housing Set-Aside funds and
federal
HOME funds are available for
this purpose in the above
listed accounts.8. LEGAL AFFAIRS - None.9. RECESS TO CLOSED SESSION The Agency recessed at 6:
07 p.m. The Agency did not meet in Closed Session.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
ORANGE REDEVELOPMENT AGENCY MINUTES October 14,2003
7:00 P.M. SESSION
10. PUBLIC COMMENTS - None.11.
PUBLIC HEARINGS - None.12. PLANNING
AND ENVIRONMENT 12.1
Development Agreement by and between the City of Orange and St. Joseph Hospital of
Orange, a California nonprofit public benefit corporation. (RA2100.0 AGR-4374)SUMMARY:
Development
Agreement between the City of Orange and St. Joseph Hospital to secure long-
term entitlements for the phased master plan development of hospital facilities and associated
uses. The subject site is generally located north from La Veta Avenue and east from Main
Street.See
City Council Minutes Item No. 13.1)MOTION -
Murphy SECOND - Coontz
AYES - Ambriz, Alvarez,
Murphy, Coontz, Cavecche ACTION: Recommended approval of
the Development Agreement by and between the City of Orange and St. Joseph
Hospital of Orange, a California nonprofit public benefit corporation.FISCAL IMPACT: Approval ofthe
Development Agreement will result in additional revenue to the City's General
Fund because it requires the applicant to pay the City $248,000 for the vacation and transfer of
portions of Pepper Street and Stewart Drive. The applicant will also file necessary paper work for
the City to be the point of sale for construction and tenant improvements for the new
buildings, and for major equipment purchases (estimated at a minimum of$180,000).
13. ADJOURNMENT MOTION - Cavecche
SECOND - Ambriz
AYES - Ambriz, Alvarez,
Murphy, Coontz, Cavecche
The Orange Redevelopment Agency adjourned at 8:
37 p.m.eA44./~~4~A~CASSANDRA J. THCART, CLERK
OF THE REDEVELOPMENT
AGENCY AN AGENCY M
A. MURPHY, C OF
THE
REDEVELOpmE
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