CRA 87-08-24 MINUTES OF A MEETING OF THE CYPRESS
REDEVELOPMENT AGENCY
HELD
August 24, 1987
Chairman Kane] called the meeting of the Cypress Redevelopment Agency to order
at 9:21 p.m. on Monday, August 24, 1987, in the Cypress City Council Chamber,
5275 Orange Avenue, Cypress, California.
PRESENT: Agency Members Arnold, Davis, Mullen and Kanel
ABSENT: Agency Member Coronado
MINUTES: It was moved by Member Mullen and seconded by Member Davis and
unanimously carried to approve the minutes of July 29, 1987.
CONSIDERATION OF INFORMAL REVIEW AND CONCEPTUAL APPROVAL OF THE DISPOSITION
AND DEVELOPMENT AGREEMENT BY AND BETWEEN THE CYPRESS REDEVELOPMENT AGENCY AND
NATIONAL CHURCH RESIDENCES OF CYPRESS, CA. The Planning Director summarized
the staff report dated August 18, 1987 which indicated negotiation in good
faith on behalf of the Cypress Redevelopment Agency with representatives of
National Church Residences of Cypress regarding the disposition of the 1.437
acre site approved for the development of the 75 unit Housing and Urban
Development (HUD) affordable senior rental housing project.
The discussions resulted in a formal document called a "Disposition and
Development Agreement" (DDA) This DDA addresses the sale and development of
the site including any restrictions imposed by the Cypress Redevelopment
Agency.
City staff received a request by representatives of National Church Residences
of Cypress for an approved DDA by a date which was not possible based on State
notification requirements and the schedule of.City Council meetings. In an
attempt to accommodate National Church Residences of Cypress' request, staff
is asking the City Council to informally review and conceptually approve the
DDA this evening. The applicant can then take this action to HUD in order to
initiate the final closing of this project, which is now set for September 30,
1987.
Staff recommended that, after review of the Disposition and Development
Agreement By and Between the Cypress Redevelopment Agency and National Church
Residences of Cypress, the document be conceptually approved with the
understanding that formal notification is currently taking place for a formal
public hearing scheduled before the Cypress Redevelopment Agency on September
14, 1987.
It was moved by Councilman Mullen and seconded by Councilwoman Arnold to
conceptually approve the Disposition and Development Agreement with the
understanding'that a public hearing on this matter is scheduled for September
14, 1987.
The motion was unanimously carried by the following roll call vote:
AYES: 4 Agency Members: Arnold, Davis, Mullen & Kanel
NOES: 0 Agency Members: None
ABSENT: 1 Agency Members: Coronado
ADJOURNMENT:Chairman Kanel adjourned the meeting at 9:26 p.m.
CHAIRMAN OF THE CYPRESS
REDEVELOPMENT AGENCY
ATTEST:
SECRETARY OF THE CYPRESS
REDEVELOPMENT AGENCY