CRA 86-07-14MINUTES OF A MEETING OF THE CYPRESS
REDEVELOPMENT AGENCY
HELD
Julv 14, 1986
Chairman Kanel called the meeting of the Cypress Redevelopment Agencv to order at 9:45
p.m. on Monday, July 14, 1986, in the Cypress City Council Chambers, 5?75 Orange Avenue,
Cypress, California.
PRESENT: Agency Members Coronado, Lacayo, Mullen, Partin & Kanel
ABSENT: None
MINUTES: It was moved by Member Lacayo, seconded by Member Mullen and unanimously
carried to approve the Minutes of February 24 and June 9, 1986.
CONSIDERATION OF APPROVAL OF DESIGN DREAWINGS AND RELATED DOCUMENTS
FOR THE DEVELOPMENT OF THE CYPRESS SUNRISE APARTMENTS (SECTION 202/8
AFFORDABLE RENTAL HOUSING PROJECT FOR LOW-INCOME SENIOR CITIZENS): The
Planning Director presented a report dated July 9 and the design drawings for the senior
affordable housing project.
It was moved bv Member Lacayo and seconded byMember Mullen to approve the design
drawings and related documents as provided for Conditional Use Permit #86-19. The motion
unanimously carried bv the following roll call vote:
AYES: 5 AGENCY MEMBERS: Coronado, Lacayo, Mullen, Partin & Kanel
NOES: 0 AGENCY MEMBERS: None
ABSENT: 0 AGENCY MEMBERS: None
CONSIDERATION OF BUDGET FOR THE 75-UNIT AFFORDABLE SENIOR HOUSING
RENTAL PROJECT: The Planning Director presented a report dated July 9 requesting the
Agency's approval of a budget for the senior housing project. The report outlined funding
sources for the project and indicated the total estimated cost to the Redevelopment Agency
will be $229,053. Staff indicated that funds allocated bv the CIty/Agency will be reimbursed
bv Countv agencies.
It was moved by Member Coronado and seconded by Member Lacayo that the Redeveloprnent
Agency authorize an appropriation of $229,053 to Account #4187-35-487-30, of which
$122,993 is offset bv CDBG, revenues from T-ICP Account #3822-35, and the remaining $106,060 is from
the unreserved fund balance of the Redevelopment Agencv Capital Project
Fund. The motion unanimously carried bv the following roll call vote:
AYES: 5 AGENCY MEMBERS: Coronado, Lacayo, Mullen, Partin & Kanel
NOES: 0 AGENCY MEMBERS: None
ABSENT: 0 AGENCY MEMBERS: None
ADJOURNMENT:Chairman Kanel adjourned the meeting at 9-46 p.m.
CHAIRMAN OF THE CYPRESS
REDEVELOPMENT AGENCY
ATTEST:
SECRETARY TO THE CYPRESS
REDEVELOPMENT AGENCY