The Orange City Council met Monday (January 19) to review the City’s annual financial audit, move forward with a new urban renewal area, and approve several financing items.
Council reviewed the Annual Financial Report for the fiscal year ending June 30, 2025. The audit was prepared by City staff and completed by Williams & Company, with an auditor present to review the findings. Council also reviewed the City’s monthly financial report.
A public hearing was held on the North Weiland Phase 3 Urban Renewal Plan, which includes six residential lots north of town. Following the hearing, the council approved actions needed to establish the new urban renewal area.
Council also held a public hearing on a development agreement with Schuiteman/Vollink Real Estate Development. The agreement will use tax increment financing from the North Weiland Phase 3 Urban Renewal Area over ten years.
Council approved a Preliminary Official Statement for issuing General Obligation Capital Loan Notes. Proposed projects include the purchase of an aerial ladder truck for the Fire Department and the potential refunding of 2019A bonds, with interest rates expected to be finalized at the February 2 meeting.
The meeting concluded with administrative reports.
