CRA 87-01-12MINUTES OF A MEETING OF THE CYPRESS
REDEVELOPMENT AGENCY
HELD
January 12, 1987
Chairman Kanel called the meeting of the Cypress Redevelopment Agencv to order at 2:44
a.m. on Monday, January 12, 1987, in the Cypress Citv Council Chamber, 5275 Orange
Avenue, Cvpress, California.
PRESENT: AGENCY MEMBERS Arnold, Coronado, Davis, Mullen & Kanel
ABSENT: NONE
It was moved. by Member Mullen, seconded by Member Davis and unanimously carried to
approve the Minutes of December 8, 1986.
CONSIDERATION OF CYPRESS REDEVELOPMENT AGENCY DIRECTION TO OPEN
ESCROW WITH THE CYPRESS SCHOOL DISTRICT FOR A PORTION OF CERTAIN REAL
PROPERTY COMMONLY KNOWN AS CYPRESS ELEMENTARY SCHOOL AND
AUTHORIZING THE EXECUTION AND ACKNOWLEDGEMENT THEREOF: The Planning
Director presented a report dated January 6 recommending that the Agency direct staff to
open escrow, on the Cypress Elementary School property which is proposed for the
construction of the 75-unit senior citizen rental housing project. Staff indicated that the
close of escrow is anticipated for the end of March 1987, with construction of the housing,
project commencing soon after the propertv transaction.
It was moved by Member Coronado and seconded by Member Mullen that the Agency direct
staff to open escrow on the property described on Exhibit "A" attached to the staff report.
The motion unanimously carried by the following roll call vote:
AYES: 5 AGENCY MEMBERS: Arnold, Coronado, Davis, Mullen & Kanel
NOES: 0 AGENCY MEMBERS: None
ABSENT: 0 AGENCY MEMBERS" None
ADJOURNMENT:Chairman Kanel adjourned the meeting at 2:45 a.m.
CHAIRMAN OF THE CYPRESS
REDEVELOPMENT AGENCY
ATTEST:
SECRETARY TO THE CYPRESS
REDEVELOPMENT AGENCY