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CRA 2000-07-10 MINUTES OF A REGULAR MEETING OF THE CYPRESS REDEVELOPMENT AGENCY HELD July 10, 2000 Agency Chairperson Piercy called the meeting of the Cypress Redevelopment Agency to order at 7:19 p.m. in the Council Chambers, 5275 Orange Avenue, Cypress, California. PRESENT: Agency Board Members Keenan, McCoy, Sondhi, Agency Vice Chairperson McGill, Agency Chairperson Piercy ABSENT: None Item No. 17: SUPPORT FOR AB1855 TO REPEAL THE SUNSET PROVISION Of COMMUNITY REDEVELOPMENT LAW. The Executive Director asked the Assistant to the City Manager to present this report in which staff is recommending that the Redevelopment Agency support AB1855 and authorize the Chair to sign a letter on the Agency's behalf and forward it to the appropriate legislators. Several provisions which affect the implementation of housing activities currently exist under Community Redevelopment Law, but are scheduled to sunset at the end of this year. After January 1, 2001, alternative provisions take effect which will not provide the flexibility currently available to provide housing for very Iow, Iow or moderate income persons or families. The existing provisions in place are more attractive to developers and more flexible for the City's Redevelopment Agency to administer. A bill has been introduced proposing legislation which repeals the sunset of the provisions indefinitely. These five provisions are: 1. The ability to meet the 15% inclusionary housing requirements. 2. The ability to count affordable units in one project area. 3. The ability to exclude minor housing rehabilitation activities from this 15% inclusionary housing requirement. 4. The ability to acquire long-term affordability covenants. 5. The ability to permit sales of owner-occupied units restricted by covenants prior to the end of the land use controls. Agency Vice Chairperson McGill spoke in support of AB1855, as it gives the City greater flexibility to provide more affordable housing in the community, especially under Provision 1. It was moved by Agency Vice Chairperson McGill and seconded by Agency Board Member McCoy, to support AB1855 and authorize the Chair to sign a letter on the Agency's behalf and forward it to the appropriate legislators. The motion unanimously carried by the following roll call vote: AYES: 5 AGENCY MEMBERS: Keenan, McCoy, Sondhi, McGill and Piercy NOES: 0 AGENCY MEMBERS: None ABSENT: 0 AGENCY MEMBERS: None A copy of the draft letter will be sent to the Board Members prior to the signature of the Chair. CYPRESS REDEVELOPMENT AGENCY JULY 10, 2000 ADJOURNMENT: Agency Chairperson Piercy adjourned the meeting at 7:24 REDEVELOPMENT AGENCY ATTEST: ~/~ECRE'I'AIS, Y j~ THE CYPRESS REDEVELOPMENT AGENCY 2