HomeMy WebLinkAbout4_11_2000 - ORA MinutesAPPROVED BY THE DIRECTORS ON APRIL 25, 2000
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING April 11 , 2000
4:30 P.M. SESSION
The Orange Redevelopment Agency of the City of Orange, California convened on April 11,
2000 at 4:30 p.m. in a Regular Meeting in the Council Chambers, 300 E. Chapman Avenue,
Orange, California.
1.ROLLCALL Tape 3610
PRESENT - Murphy, Slater, Coontz, Spurgeon, Alvarez 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 April
11, 2000 at Orange Civic Center, Main Library at 101 N. Center Street, Police facility
at 1107 North Batavia, 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 of the City Clerk.3.2
Request Agency confirmation of warrant registers dated March 23 and 30, 2000.ACTION:Approved.
3.3
Request approval of Redevelopment Agency Minutes, Regular Meeting, March 28,2000.ACTION:
Approved.
MOTION - Murphy
SECOND - Alvarez AYES -
Murphy, Slater, Coontz,
Spurgeon, Alvarez The Consent Calendar was approved
as recommended.END OF CONSENT CALENDAR 4.
REPORTS FROM DIRECTORS - None
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ORANGE REDEVELOPMENT AGENCY MINUTES April Il, 2000
5. REPORTS FROM BOARDS, COMMITTEES, AND COMMISSIONS - None 6.
REPORTS FROM EXECUTIVE DIRECTOR - None 7.ADMINISTRATIVE
REPORTS Tape 3560 7.1
Report from the Assistant Executive Director regarding acquisition and rehabilitation of
property located at 1924 and 1934 East Wilson Avenue by Orange Housing Development
Corporation. (RA2100.0 AGR-3481)SUMMARY:
Orange Housing Development Corporation (OHDC) plans to acquire and rehabilitate
two adjacent lO-unit apartment buildings located at 1924 and 1934 East Wilson
Avenue. The total estimated cost of the project is $1,527,975. Under the terms of the proposed
Affordable Housing Agreement, OHDC wiIl obtain a 30-year loan of $549,360 from
Washington Mutual Bank, and the Agency wiIl fund the $978,615 balance. Agency Housing Set-
Aside funds would be provided in the form of a 44-year loan at zero percent interest and be
repaid by OHDC in annual instaIlments. In return for the assistance, the units would remain
affordable to low income households for
a 55-year period.FISCAL IMPACT: Sufficient funds will be available for this purpose
after
the motions are approved.Note: See Council Agenda Item No.
7.1 for
discussion.RESOLUTION NO. ORA-0366 A Resolution of the Orange Redevelopment
Agency approving an Affordable Housing Agreement by and between the Orange
Redevelopment Agency and Orange Housing Development Corporation regarding 1924 and 1934 East
Wilson
Avenue and making
certain findings.MOTION -
Murphy SECOND - Slater AYES - Murphy, Slater, Mayor Coontz,
Spurgeon, Alvarez Moved to adopt Resolution
No. ORA-0366.
MOTION - Murphy SECOND -
Slater AYES - Murphy, Slater, Mayor Coontz, Spurgeon, Alvarez
Moved to authorize a transfer of funds in the amount of $600,000 from Account No. 911-
9809-491200-0000 (Tustin Housing Set-Aside Fund) to
Account No. 913-0000-310100-0000 Housing Loan Programs Fund); and appropriate funds in the
amount of $978,615 from the Housing Loan Programs Fund
to Account No.
913-9809-
ORANGE REDEVELOPMENT AGENCY MINUTES April 11, 2000
7. ADMINISTRATIVE REPORTS (Continued)
7.2 Report from the Assistant Executive Director regarding acquisition and
rehabilitation of property located at 264-280 South Esplanade Street by Orange
Housing Development Corporation. (RA2100.0 AGR-3482;
AGR-3483; AGR-3484)SUMMARY: Orange Housing Development Corporation (OHDC)
plans to acquire and rehabilitate a 27-unit apartment complex located at 264-
280 South Esplanade Street. The total estimated cost of the project is $2,932,110. Under the
terms of the proposed Affordable Housing Agreement, OHDC will obtain a 30-year loan of$I,
278,750 from Washington Mutual Bank, the Agency and City will fund the $1,653,360 balance with a zero
percent loan of $1,153,360 in Agency Housing Set-Aside funds and a
grant of $500,000 in Community Development Block Grant (CDBG) funds provided by the County as
a result of the "Theo Lacy Settlement". The loan would be repaid by OHDC in annual installments
over a 35-year term. In return for the assistance, the units would remain
affordable to low income households for a 55-year period.FISCAL IMP ACT: Sufficient funds
will
be available for this purpose after the motions are approved.
Note: See Council
Agenda Item No. 7.2 for discussion.RESOLUTION NO. ORA-0367
A Resolution of the Orange Redevelopment Agency approving an Affordable Housing
Agreement by and between the Orange Redevelopment Agency and Orange
Housing Development Corporation regarding 264-280 South Esplanade Street and making certain findings
and approving a
Cooperation Agreement with
the City of Orange relating thereto.MOTION -
Coontz SECOND - Slater AYES - Murphy, Slater,
Coontz, Spurgeon, Alvarez
Moved to adopt
Resolution No. ORA-0367.MOTION - Coontz SECOND -
Slater AYES - Murphy, Slater, Coontz, Spurgeon, Alvarez Moved to authorize a transfer of funds in the amount
of $300,000 from Account No. 921-9809-491200-0000 (Southwest Housing Set-
Aside Fund); authorize a transfer of funds in the amount of $600,
000 from Account No. 921-9809-491200-0000 (Northwest Housing Set-
Aside Fund) to Account No. 913-0000-310100-0000 (Housing Loan Programs Fund); and appropriate funds
in the amount of $1,153,
360 from the Housing Loan
Programs Fund
ORANGE REDEVELOPMENT AGENCY MINUTES April II, 2000
9. RECESS TO 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 ofthe matters will not be considered in Closed Session.
10. ADJOURNMENT
MOTION - Coontz SECOND -
Murphy AYES - Murphy,
Slater, Coontz, Spurgeon, Alvarez The Orange Redevelopment
Agency adjourned at 6:30 p.m.dk~{;UA"'-tX
CASSANDRA J. ~THCART,
CLERK OF THE REDEVELOPMENT
AGENCY I 7 AGENCY
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