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Orange County CRA and OBTDB Development Agreement Review

Review of the agreement between Orange County CRA and OBTDB for redevelopment activities along Orange Blossom Trail. This presentation outlines the background, agreement details, and the requested action for approval of the third addendum.

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Orange County CRA and OBTDB Development Agreement Review

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  1. Orange County CRA and Orange Blossom Trail Development Board September 21, 2010

  2. Presentation Outline • Background • CRA/OBTDB Agreement • Requested Action

  3. Presentation Outline • Background • CRA/OBTDB Agreement • Requested Action

  4. Background • Orange County CRA created in 1990 • Commonly called “Orange Blossom Trail CRA” • Recommendation of OBT Development Board • Finding of Slum • and/or Blight • BCC is the CRA • Governing Board

  5. Background CRA Boundaries: • Orange Blossom Trail Corridor • Colonial Drive • Interstate 4 • Rio Grande Ave • Westmoreland Ave

  6. Background • CRA contracted with OBT Development Board • Original 1991 Agreement • Implement Redevelopment Programs • Consistent with Redevelopment Plan

  7. Presentation Outline • Background • CRA/OBTDB Agreement • Requested Action

  8. CRA/OBTDB Agreement • New Agreement - May 2007 • Replaced 1991 Agreement • Reaffirmed Role of OBTDB • Enhanced Coordination • Provided for Consistency with County Processes and Procedures • Strengthened Role of BCC acting as the CRA • Renewable for two successive 2-year terms

  9. CRA/OBTDB Agreement • First Addendum - February 2008 • Maintenance responsibilities • Insurance/Indemnification requirements • Second Addendum – September 2008 • Renewed Agreement for first 2-year term

  10. CRA/OBTDB Agreement • Proposed Third Addendum • Renews agreement for second 2-year term • Effective until September 30, 2012 • All other terms remain as previously approved

  11. Presentation Outline • Background • CRA/OBTDB Agreement • Requested Action

  12. Requested Action • Approval of the Third Addendum to Agreement between the Orange County CRA and the OBT Development Board regarding redevelopment activities on behalf of the CRA extending the agreement for an additional two year term ending September 30, 2012.

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