HomeMy WebLinkAbout4_8_2003 - ORA MinutesAPPROVED BY THE DIRECTORS ON APRIL 22, 2003
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING April 8, 2003
4:30 P.M. SESSION
The Orange Redevelopment Agency of the City of Orange, California convened on April 8, 2003
at 4:30 p.m. in a Regular Meeting in the Council Chambers, 300 E. Chapman Avenue, Orange,
Califomia.
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, Cassandra J.Cathcart, declaring posting
of Orange Redevelopment Agency Agenda of a regular meeting of April
8, 2003 at Orange Civic Center, Main Library at 101 N. Center Street, Police facility
at 11 07 North Batavia, the Shaffer Park Bulletin Board,summarized on Time-
Warner Communications and available on the City's Website www.cityoforange.
org, 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: 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 March 20 and 27, 2003.ACTION:Approved.
3.3
Request approval of Redevelopment Agency Minutes, Regular Meeting, March 25,2003.ACTION:
Approved.
MOTION SECOND
AYES
Alvarez
Cavecche
Ambriz, Alvarez,
Chairman Murphy,
Coontz, Cavecche All items on the
Consent Calendar were approved as recommended.END OF CONSENT CALENDAR
PAGEl l.~~~_~. ___...~.1
ORANGE REDEVELOPMENT AGENCY MINUTES April 8, 2003
4. REPORTS FROM DIRECTORS - None.5.
REPORTS FROM BOARDS, COMMITTEES, AND COMMISSIONS - None.6. REPORTS
FROM EXECUTIVE DIRECTOR - None.7. ADMINISTRATIVE REPORTS
7.1 Report
from the Assistant Executive Director regarding an Owner Participation Agreement by and
between the Orange Redevelopment Agency and RB Orange LP, a California Limited Partnership,
relating to The Village at Orange (formerly known as the Mall of Orange). (
RA2100.0 AGR-4252)SUMMARY: Approval
of an Owner Participation Agreement by and between the Orange Redevelopment Agency
and RB Orange LP, a California Limited Partnership, to acquire an interest in
property in the nature of an Operating Covenant from RB Orange LP to operate a first-class regional
mall called The Village at Orange (formerly known as the Mall of Orange).Discussion Linda
Boone,
Assistant Executive Director, provided a report on the project. She reported Staff is not
recommending any up front money. The assistance package being recommended goes into effect when
the Mall has been completely repositioned and most spaces have been leased. No Redevelopment funds
will go into any improvements. The Agency assistance will ensure that the Mall
is operated in the coming years in a first class manner with nationally recognized, long term tenants.
Brad LaRue,
Director of Development, Rawson, Blum & Leon, Managing Members of RB Orange, LP,
reported they are confident they will be able to maintain this site as a retail development. They
are re-imaging the Mall, which will be called The Village at Orange, and have
already signed leases with Cost Plus and Linens & Things as mini-anchor stores. He also
reviewed some of the other types of stores they are negotiating with for tenant space.
Councilmember Alvarez wished the developer luck with the project, commenting that the plans
look great.
Councilmember Coontz wanted to ensure there would be adequate identification off of Tustin
Street for the new center.
Mayor pro tem Cavecche stated she was excited about the project, liked the new proposed name
of The Village at Orange and stressed the importance of retaining quality tenants. She expressed
concern about the minimum lease time frames for the mini-anchor tenants, as she has seen
large tenants in other shopping centers move out in less than five
years.Mr. LaRue indicated they have already signed 10 year leases with Cost Plus and
Linens &
Things.PAGE
ORANGE REDEVELOPMENT AGENCY MINUTES April 8, 2003
7. ADMINISTRATIVE REPORTS (Continued)
Mayor Murphy stated it will be nice to have a fresh new look to the center with a wider selection
and felt the local community would respond to this new development.
Mr. LaRue thanked the Economic Development staff, acknowledging Lisa Kim and Jim Reichert
for their great work.
Council Action
RESOLUTION NO. ORA-
042l A Resolution of the Orange Redevelopment Agency approving an Owner
Participation Agreement with RB Orange LP, a California Limited Partnership, relating to The Village
at Orange (formerly known as the Mall of
Orange).MOTION - Cavecche
SECOND - Coontz AYES -
Ambriz, Alvarez, Chairman Murphy, Coontz, Cavecche ACTION: Approved.
FISCAL IMPACT:
There is no impact for FY 2002-03. Appropriations from the Orange Merged
and Amended Project Area will be included in the CIP budget beginning FY 2004-05.
Upon completion of the project, The Village at Orange is projecting an increase of $457,000 in
additional annual sales tax revenue to the City. Based on projected sales, the first year payment
is estimated to be $223,930. The maximum possible impact totals $5.2 million over fifteen
years.
8. LEGAL AFFAIRS - None.9.
RECESS TO CLOSED SESSION The
Redevelopment Agency recessed at 5:43 p.m. to a Closed Session for the following purposes:
a.
Conference with Real Property Negotiators pursuant to Govemment Code Section 54956.8:Property:
124-145 and 164-180 S. Water Street, Orange,
CA Agency Negotiator: Linda
Boone Negotiation Parties: City of Orange, Orange Redevelopment Agency and Orange
County Fire
Authority 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.PAGE
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ORANGE REDEVELOPMENT AGENCY MINUTES April 8, 2003
10. ADJOURNMENT
MOTION - Alvarez SECOND -
Ambriz AYES - Ambriz,
Alvarez, Chairman Murphy, Coontz, Cavecche The Orange Redevelopment
Agency adjourned at 7:38 p.m.e-1~~~('4~~
CASSANDRA. ATHCART,
CLERK OF THE
REDEVELOPMENT AGENCY A. MURPHY,
C AN E REDEVELOP
T AGENCY PAGE 4