HomeMy WebLinkAbout6_13_2000 - ORA MinutesAPPROVED BY THE DIRECTORS ON JUNE 27, 2000
ORANGE REDEVELOPMENT AGENCY ORANGE, CALIFORNIA
MINUTES OF A REGULAR MEETING June 13, 2000
4:30 P.M. SESSION
The Orange Redevelopment Agency of the City of Orange, California convened on June 13,
2000 at 4:30 p.m. in a Regular Meeting in the Council Chambers, 300 E. Chapman Avenue,
Orange, California.
1. ROLLCALL
PRESENT -ABSENT -
Murphy, Slater,
Coontz, Spurgeon, Alvarez None 2.
PUBLIC
COMMENTS - None 3.CONSENT CALENDAR
Tape 4120 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 June
13, 2000 at Orange Civic Center, Main Library at 101 N. Center Street, Police facility
at 11 07 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 May 18, 25, and June 1,2000.ACTION:
Approved.
3.3
Request approval of Redevelopment Agency Minutes, Regular Meeting, May 23,2000.ACTION:
Approved.
AGREEMENT 3.
4
Approvalof a Reimbursement Agreement between the City of Orange and the Orange Redevelopment
Agency for FY2000-2001. (RA2100.0 AGR-3283.A)
SUMMARY: The Reimbursement Agreement between the City and Agency will create
indebtedness which will enable the Agency to utilize tax increment revenue instead of
PAGE 1
ORANGE REDEVELOPMENT AGENCY MINUTES June 13, 2000
bond proceeds to pay for operational costs. This will free up bond proceeds for loans or
projects.
ACTION: Approved.
FISCAL IMP ACT: None.
PROMISSORY NOTE
3.5 Extension of the due date related to a Promissory Note between the City of Orange
and the Orange Redevelopment Agency. (RA2100.0 AGR-
2827)SUMMARY: Extending the due date of a $1,527,597 Promissory Note dated July
1,1997 between the City of Orange and the Orange Redevelopment Agency from July
1,2000 to July 1,2003 as permitted in the terms of the Promissory Note and related to
the acquisition of three parcels at the northwest corner of West La Veta Avenue and
South Main
Street.ACTION: Approved an extension of the due date from July 1, 2000 to July 1,
2003.FISCAL IMPACT: The annual interest payment of $91,660 will be included as
an expenditure in the Agency budget for three years beginning in Fiscal Year
2000-2001,unless the Note is paid in full prior to July 1, 2003. Funds will come
from Southwest Redevelopment Project Area Taxable
Bond
Proceeds.MOTION
SECOND -
AYES
Murphy
Alvarez Murphy, Slater, Coontz, Spurgeon,
Alvarez The Consent Calendar was approved as
recommended.END OF CONSENT
CALENDAR 4. REPORTS FROM DIRECTORS - None
5. REPORTS FROM BOARDS, COMMITTEES, AND COMMISSIONS - None 6.
REPORTS FROM EXECUTIVE DIRECTOR - None 7. ADMINISTRATIVE
REPORTS - None 8. LEGAL AFFAIRS -
None PAGE 2
ORANGE REDEVELOPMENT AGENCY MINUTES June 13, 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 of the matters will not be considered in Closed Session.
7:00 P.M. SESSION
10. PUBLIC COMMENTS - None 11.
PUBLIC HEARINGS Tape 440 11.
12000-01 FISCAL YEAR ORANGE REDEVELOPMENT AGENCY BUDGET
RC2500J. I.I)
Time set for a joint public hearing with the City Council to consider adoption of the 2000-
01 Fiscal Year Orange Redevelopment Agency
Budget.Note: Refer to Council Agenda Item No. 13.2 for discussion on this
item.RESOLUTION NO.
ORA-0372 A Resolution of the Orange Redevelopment Agency adopting said Agency's Budget
for the Fiscal Year 2000-01 and relating to transfers of funds between
and within appropriations,transfers between funds,
and additional appropriations.
MOTION - Spurgeon SECOND -
Alvarez AYES - Murphy, Slater, Coontz, Spurgeon, Alvarez
Moved to adopt Resolution No. ORA-
0372.12.
ADJOURNMENT MOTION - Coontz
SECOND - Spurgeon AYES -
Murphy, Slater, Coontz, Spurgeon, Alvarez The Orange
Redevelopment Agency adjourned at 9:00 p.m U.UWA'~
UbtjA__CASSANDRA J.
HCART, CLERK OF THE
REDEVELOPMENT AGENCY ANNE COONTZ,
CHAI OF THE
REDEVELOPM PAGE 3