HomeMy WebLinkAbout10_8_2002 - ORA MinutesAPPROVED BY THE DIRECTORS ON OCTOBER 22, 2002
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING October 8, 2002
4:30 P.M. SESSION
The Orange Redevelopment Agency of the City of Orange, California convened on October 8,
2002 at 4:30 p.m. in a Regular Meeting in the Council Chambers, 300 E. Chapman Avenue,
Orange, California.
1. ROLLCALL
PRESENT - Slater, Alvarez, Chairman Murphy, Coontz, Cavecche ABSENT -
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 October
8, 2002 at Orange Civic Center, Main Library at 101 N. Center Street, Police facility
at 1107 North Batavia, Shaffer Park, 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 September 19 and 26, 2002.ACTION:Approved.3.
3 Request
approval of Redevelopment Agency Minutes, Regular Meeting, September 24,2002.ACTION:
Approved.AGREEMENTS
3.4
Approval
of Third Amendment to the Owner Participation Agreement by and between the Orange
Redevelopment Agency and VRSJ LLC, a California limited liability company. (RA2100.
0 AGR-3702.3)SUMMARY: Approval
of Third Amendment to the Owner Participation Agreement by and between
the Orange Redevelopment Agency and VRSJ LLC, a California limited liability company,
that would permit the Agency to refund the Purchase Price on the basis that documentation
be provided by VRSJ.PAGel r
ORANGE REDEVELOPMENT AGENCY MINUTES October 8, 2002
3. CONSENT CALENDAR (Continued)
ACTION: Approved the Third Amendment to the Owner Participation Agreement by
and between the Orange Redevelopment Agency and VRSJ LLC, California limited
liability company.
FISCAL IMPACT: Sufficient funds have been appropriated in the Fund No. 940 for this
project.
MOTION
SECOND
AYES
Cavecche Alvarez
Slater, Alvarez,
Chairman 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 5.1 Report from
the Finance Director on the annual review and approval of the Statement ofInvestment Policy (SIP)
for Fiscal Year 2002-03. (OR1800.0.27.16)Per recommendations from
the Investment Advisory Committee and the Investment Oversight Committee, it is
proposed that no changes be made to the City's and Redevelopment Agency's Statement of Investment
Policy.See City Council
Minutes Item No. 6.3)RESOLUTION NO. ORA-
04IS A Resolution
of the Orange Redevelopment Agency approving and adopting a Statement of Investment Policy
for Fiscal Year 2002-03 and delegating investment of Orange Redevelopment Agency
funds to the Treasurer of the City of Orange.MOTION -
Alvarez SECOND - Coontz
AYES - Slater, Alvarez,
Chairman Murphy, Coontz, Cavecche ACTION: Adopted.6. REPORTS
FROM EXECUTIVE
DIRECTOR - None.7. ADMINISTRATIVE REPORTS - None.PAGE
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ORANGE REDEVELOPMENT AGENCY MINUTES October 8, 2002
8. LEGAL AFFAIRS - None.9.
RECESS TO CLOSED SESSION Note:
The Agency did not recess to Closed Session.a.
Conference with Legal Counsel - Anticipated Litigation. Significant exposure to litigation pursuant to
Subdivision (b) of Section 54956.9: One potential case involving the receipt of a claim from
Orange Unified School District.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
MOTION - Alvarez
SECOND - Coontz AYES -
Slater, Alvarez, Chairman
Murphy, Coontz, Cavecche The Redevelopment Agency adjourned at
6:45 p.m.J4J~~~~dv ~Af 4~AS
SANDRA J. HCART, CLERK
OF THE REDEVELOPMENT AGENCY MA
A. MURPHY, C OF
THE REDEVELOP AN AGENCY
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