orange county cra and obt development board agreement office of regional mobility october 14, 2014
TRANSCRIPT
Orange County CRA and Orange County CRA and OBT Development OBT Development Board AgreementBoard Agreement
Office of Regional MobilityOffice of Regional Mobility
OCTOBER 14, 2014
Presentation OverviewPresentation Overview
BackgroundBackgroundCRA/OBTDB AgreementCRA/OBTDB AgreementRequested ActionRequested Action
Presentation OverviewPresentation Overview
BackgroundBackgroundCRA/OBTDB Agreement CRA/OBTDB Agreement Requested ActionRequested Action
BackgroundBackground
Orange County CRA created in 1990Orange County CRA created in 1990Commonly called “Orange Blossom Trail Commonly called “Orange Blossom Trail
CRA”CRA”Recommendation of OBT Recommendation of OBT
Development BoardDevelopment BoardBCC is the CRA BCC is the CRA
Governing BoardGoverning Board
BackgroundBackground
CRA Boundaries:CRA Boundaries:Orange Blossom Trail CorridorOrange Blossom Trail Corridor–Colonial DriveColonial Drive–Interstate 4Interstate 4–Rio Grande AvenueRio Grande Avenue–Westmoreland DriveWestmoreland Drive
BackgroundBackground
CRA contracted with OBT Development CRA contracted with OBT Development BoardBoard–Original 1991 AgreementOriginal 1991 Agreement
– Implement Redevelopment ProgramsImplement Redevelopment Programs
–Consistent with Redevelopment PlanConsistent with Redevelopment Plan
Presentation OverviewPresentation Overview
BackgroundBackgroundCRA/OBTDB Agreement CRA/OBTDB Agreement Requested ActionRequested Action
CRA/OBTDB AgreementCRA/OBTDB Agreement
New Agreement - May 2007New Agreement - May 2007–Replaced 1991 AgreementReplaced 1991 Agreement–Reaffirmed Role of OBTDBReaffirmed Role of OBTDB–Enhanced CoordinationEnhanced Coordination–Provided for Consistency with County Processes Provided for Consistency with County Processes
and Proceduresand Procedures–Strengthened Role of BCC acting Strengthened Role of BCC acting
as the CRA Governing Boardas the CRA Governing Board–Renewable for 2-year termsRenewable for 2-year terms
CRA/OBTDB AgreementCRA/OBTDB Agreement
First Addendum – February 2008First Addendum – February 2008–Maintenance responsibilitiesMaintenance responsibilities– Insurance/Indemnification requirementsInsurance/Indemnification requirements
Second Addendum – September 2008Second Addendum – September 2008–Renewed Agreement for first 2-year termRenewed Agreement for first 2-year term
Third Addendum – September 2010Third Addendum – September 2010–Renewed Agreement for second 2-year Renewed Agreement for second 2-year termterm
Fourth Addendum – October 2012Fourth Addendum – October 2012–Renewed agreement for third 2-year termRenewed agreement for third 2-year term
CRA/OBTDB AgreementCRA/OBTDB Agreement
Proposed Fifth AddendumProposed Fifth Addendum–Extends agreement for subsequent terms until Extends agreement for subsequent terms until
the CRA terminates (2021)the CRA terminates (2021)– Includes additional termination clauses (with or Includes additional termination clauses (with or
without cause)without cause)–All other terms remain as previously approvedAll other terms remain as previously approved
Presentation OverviewPresentation Overview
BackgroundBackgroundCRA/OBTDB Agreement CRA/OBTDB Agreement Requested ActionRequested Action
Requested ActionRequested Action
Approval of Fifth Addendum to Agreement Approval of Fifth Addendum to Agreement between the Orange County Community between the Orange County Community Redevelopment Agency and the Orange Redevelopment Agency and the Orange Blossom Trail Development Board, Inc. Blossom Trail Development Board, Inc. regarding redevelopment activities on regarding redevelopment activities on behalf of the CRA extending the agreement behalf of the CRA extending the agreement for subsequent years until the CRA for subsequent years until the CRA terminates.terminates.