HomeMy WebLinkAbout10_9_2001 - ORA MinutesAPPROVED ON OCTOBER 23, 2001 BY DIRECTORS
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING October 9, 2001
4:30 P.M. SESSION
The Orange Redevelopment Agency of the City of Orange, California convened on October 9,
2001 at 4:30 p.m. in a Regular Meeting in the Council Chambers, 300 E. Chapman Avenue,
Orange, California.
1.ROLLCALL TAPE 2-
470 PRESENT - Slater, Alvarez, Chairman Murphy, Coontz, Cavecche
ABSENT - None 2.
PUBLIC COMMENTS 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 9, 2001 at Orange Civic Center, Main Library at 101 N. Center Street,
Police facility at 11 07 North Batayia, the Eisenhower Park Bulletin Board,and
summarized on Time-Warner Communications, 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 ofthe City Clerk.
3.2 Request Agency confirmation of warrant registers dated September 20 and 27, 2001
ACTION:Approved.
3.3 Request approval of Redevelopment Agency Minutes, Regular Meeting, September
25,2001.
ACTION:Approved.
MOTION - Slater SECOND -
Alvarez AYES - Slater,
Alvarez, Chairman Murphy. Coontz, Cavecche All items on
the Consent Calendar were approved as recommended.END OF CONSENT
CALENDAR PAGEl
ORANGE REDEVELOPMENT AGENCY MINUTES October 9,2001
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
of Investment Policy (SIP) for Fiscal Year 2001-02.
SUMMARY: Per recommendations from the Investment Advisory Committee and the
Investment Oversight Committee, it is proposed that one change be made to the City's and
Redevelopment Agency's Statement of Investment Policy. The recommended change is the
result of new legislation that went into affect January 1, 2001. Chapter 687, Statutes of 2000
AB943) requires local govemment agencies to begin submitting copies of their Investment
Reports twice a year and a copy of their Statement of Investment Policy once a year to the
California Debt and Investment Advisory Commission. The recommended change makes the
City's Statement ofInvestment Policy compliant with the new legislation.
RESOLUTION NO. ORA-
0402 A Resolution of the Orange Redevelopment Agency approving and adopting a Statement
of Investment Policy for Fiscal Year 2001-02 and delegating investment of
Orange Redevelopment Agency funds to the Treasurer of the City
of Orange.MOTION -
Coontz SECOND - Alvarez
AYES - Slater, Alvarez, Chairman Murphy, Coontz, Cavecche ACTION:
Approyed Resolution No. ORA-0402.
6. REPORTS FROM EXECUTIVE DIRECTOR - None.7.
ADMINISTRATIVE REPORTS - None.8. LEGAL
AFFAIRS - None.9. RECESS TO
CLOSED SESSION Note: The Agency
did not meet.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 the matters will not be considered in Closed Session.PAGE 2
ORANGE REDEVELOPMENT AGENCY MINUTES October 9, 2001
10. ADJOURNMENT
MOTION - Slater SECOND -
Alvarez AYES - Slater,
Alvarez, Chairman Murphy, Coontz, Cavecche The Orange Redevelopment
Agency adjourned at 8:33 p.m.f'-a".fr~
CASSANDRAJ. C
CART, CLERK OF THE REDEVELOPMENT
AGENCY PAGE 3