CRA 2000-04-10MINUTES OF A REGULAR MEETING OF THE
CYPRESS REDEVELOPMENT AGENCY
HELD
APRIL 10, 2000
Agency Chairperson Piercv called the meeting of the cypress Redevelopment
Agency to order at 8:42 p.m. in the City Council Chambers, 5275 Orange Avenue, Cypress,
California.
PRESENT: Agency Members Keenan, Sondhi, Agency Vice Chairperson McGilI,
Agency Chairperson Piercy.
ABSENT: Agency Member McCoy.
Also present were Interim Executive Director/Agency Treasurer Storey, Agency
counsel Wynder, Deputy Executive Director Angus, Agency Engineer sinn,
Redevelopment/Economic Development Manager Ruiz, and staffmembers Hensley and
DeCarlo.
CYPRESS REDEVELOPMENT AGENCY MATTERS:
Cypress Redevelopment Agency.
The cypress City Council, Acting as the
Approval of Minutes of December 13, 1999.
A motion was made by Agency Member Keenan, seconded by Agency
Member Sondhi, and carried by the following roll call vote that the Cypress
Redevelopment Agency approve the Minutes of the Meeting of December 13, 1999, as
presented:
AYES: 4 AGENCY MEMBERS: Keenan, Sondhi, McGill, Piercv
NOES: 0 AGENCY MEMBERS: None
ABSENT: I AGENCY MEMBER: MCCOy
13. Approval of the Lincoln Avenue Revitalization Proposed Facade
Improvement: Pro,qram.
Ida Ruiz, RedevelopmentJEconomic Development Manager, presented the staff
report for this item. Ms. Ruiz advised that a commercial rehabilitation program designed
to provide assistance to businesses wishing to make improvements to their
establishments was being proposed. The main goals of the program include upgrades in
the appearances of businesses, which are designed to enhance and complement the
recently completed improvements effected by the Lincoln Avenue Beautification Project
and to attract new customers to the area. Priority consideration for funding would be
given to the "Downtown" and "Campus Village" districts of the Lincoln Avenue corridor.
Staff suggested that the program servicing be administered through an outside
consultant, because of staff constraints. A company such as U.S.E. Community Services
Group, which currently administers the City's housing program loans, could be used. A
facade improvement loan in the amount of $25,000, which would cover 50% of specified
eligible exterior Improvements, would be included in the program's structure.
CYPRESS REDEVELOPMENT AGENCY
APRIL 10, 2000
Lincoln Avenue Specific Plan Guidelines will be incorporated into all suggested
program improvements, and the program will require that the building's owner provide
matching funds to improve the property.
Staff's recommendation is that the Cypress Redevelopment Agency direct staff as
follows:
(1) Commence the development and implementation of the Lincoln Avenue
Revitalization Facade Improvement Program, structured as a Iow interest (5%)
improvement loan, secured by a deed of trust on the property with a maximum term of
10 years and a loan limit of $25,000 to cover up to 50% of eligible improvements; (2)
Obtain proposals from qualified outside consultants for the purpose of loan and
construction administration.
Following staff's presentation, the Agency Members noted that some complaints
had been made about the efficacy of U.S.E. Community Services Group, which is the
current administrator of the City's housing program loans. Because of the problems
noted, it was the consensus of the Agency that traditional banks and similar financial
institutions be included when staff initiates the process of obtaining proposals from
outside consultants.
A motion was then made by Agency Member Keenan and seconded by Agency Vice
Chairperson McGill that the Cypress Redevelopment Agency direct staff to (1) commence
the development and implementation of the Lincoln Avenue Revitalization Facade
Improvement Program, structured with a Iow interest (5%) improvement loan, secured by
a deed of trust on the property, with a maximum term of ten (10) years and a loan limit
of $25,000 to cover up to 50% of eligible improvements; and (2) obtain proposals from
qualified outside consultants, including conventional lending institutions, for the purpose
of loan and construction administration.
The motion was carried by the following roll call vote:
AYES: 4 AGENCY MEMBERS: Keenan, Sondhi, McGilI, Piercy
NOES: 0 AGENCY MEMBERS: None
ABSENT: I AGENCY MEMBER: MCCOy
ADJOURNMENT:
AS there was no further business to come before the Agency, Agency Chairperson
Piercv adjourned the meeting at 8:52 p.m.
~HAIRPERSON OF THE CYPRESS
REDEVELOPMENT AGENCY
ATTEST:
2