SR - AGR-6063 - WINDING DOWN FORMER ORANGE REDEVELOPMENT AGENCY5. STRATEGIC PLAN GOAL(S)
2. Be a fiscally healthy community
d. Effectively manage and develop City assets.
e. Create an environment to attract, retain and expand economic opportunities.
3. Enhance and promote quality of life in the community
a. Refurbish, maintain, develop and /or expand public use places and spaces.
6. GENERAL PLAN IMPLEMENTATION
Economic Development Goal 2.0: Cultivate a business environment that is conducive and
appealing to the commercial and retail industry, including smaller entrepreneurs.
Policy 2.4: Maintain adequate infrastructure, transportation systems, and physical conditions
that encourage retailers to invest in the City.
Economic Development Goal 6.0: Provide sufficient infrastructure to support anticipated
economic development and growth.
Policy 6.1: Provide and maintain infrastructure adequate to support growth and expansion of
commercial, industrial and institutional areas, including water, sewer, streets, curbs, gutters,
sidewalks, storm drains, access, and parking improvements.
7. DISCUSSION and BACKGROUND
Assembly Bill 1484 specifically under Health and Safety Code Section 34191.5 (b) requires
Successor Agencies to prepare a Long -Range Property Management Plan that addresses the
disposition and use of the real properties of the former redevelopment agency. In addition,
Health and Safety Code Section 34177.3 (b) authorizes Successor Agencies to create enforceable
obligations to conduct the work of winding down the redevelopment agency.
The Long -Range Property Management Plan is subject to approval by the Successor Agency,
Oversight Board, and the State of California Department of Finance ( "DOF ") and is required to
include the following information pertaining to all real property assets of the Successor Agency:
• Date of acquisition, value at time of purchase , and estimated current value;
• Purpose for which the property was acquired;
• Parcel data;
• Estimate of current value;
• Estimate of lease rental or other revenues generated by the property;
• History of environmental contamination;
• Description of property's potential for transit - oriented development;
• History of development proposals and activity;
Recommended use or disposition of all the properties owned by the Successor Agency.
In January 2013, the Successor Agency entered into a Consultant Services Agreement with Tierra
West Advisors, Inc. (TWA) for an amount not to exceed $30,000 for consulting services
associated with the wind -down of the former Orange Redevelopment Agency, including the
preparation of the Long Range Property Management Plan. Through the course of the year, it has
become clear that the Successor Agency will require more work than was anticipated in the
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original Agreement. As the combined total of both agreements exceeds $30,000, this new
Agreement requires approval by the Successor Agency.
Successor Agency staff recommends approval of the Consultant Services Agreement between the
Successor Agency and Tierra West Advisors, Inc., for an amount not to exceed $20,000.00 to
prepare the Long -Range Property Management Plan and provide consulting services associated
with the wind -down of the former Orange Redevelopment Agency on an as- needed basis.
8. ATTACHMENTS
• Consultant Services Agreement with Tierra West Advisors, Inc.
N: \STAFF REPORTS\2014 \011414c- Tierra West Agreement_SA.doc
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