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CRA 2001-03-12MINUTES OF A REGULAR MEETING OF THE CYPRESS REDEVELOPMENT AGENCY HELD March 12, 2001 Agency Chairperson McGill called the meeting of the Cypress Redevelopment Agency to order at 7:12 p.m. in the Council Chambers, 5275 Orange Avenue, Cypress, California. PRESENT: Agency Board Members Keenan, McCoy, Piercy, Agency Vice Chairperson Sondhi, Agency Chairperson McGill ABSENT: None Also present were Executive Director Importuna, Agency Counsel Wynder, and staff members Acosta, Belmer, Commerdinger, DeCarlo, Hensley, Liu, Sinn, and Storey. Tho City Attorney and Executive Director requested that the Redevelopment Agency add a Closed Session item, pursuant to Government Code Section 54956.8, CONFERENCE WITH REAL PROPERTY NEGOTIATORS; Property: Approximately 75 Acres at Northwest corner of Katella Avenue and Walker Street within the Los Alamitos Race Track and Golf Course Redevelopment Project Area; Negotiating Party: Executive Director, Deputy Executive Director, and Agency Counsel; Under negotiation: Price and Terms of Payment. This Closed Session would allow the Executive Director to report to the Redevelopment Agency on a meeting the Executive Director held with one of the property owners within the project area and to discuss the terms under which the City may be able to acquire portions of the property within the project acreage. The basis of the Closed Session is that the meeting with the property owner occurred subsequent to the posting of the Agenda, and the City Attorney and Executive Director would like to get a reaction from the Redevelopment Agency to the negotiation position taken by the property owner prior to the next meeting of the Redevelopment Agency in order to move the negotiation process forward. The City Attorney stated that it would take a motion, second, and four ayes to add this Closed Session item to the Agenda. It was moved by Agency Board Member Keenan and seconded by Agency Board Member Piercy, to add the item to the Redevelopment Agency Closed Session. The motion was unanimously carried by the following roll call vote: AYES: NOES: ABSENT: 5 AGENCY MEMBERS: Keenan, McCoy, Piercy, Sondhi, and McGill 0 AGENCY MEMBERS: None 0 AGENCY MEMBERS: None The Redevelopment Agency was recessed at 7:15 p.m. The Redevelopment Agency was reconvened at 7:30 p.m. and recessed to Closed Session. The Redevelopment Agency reconvened at 8:17 p.m. The City Attorney reported that the Council met regarding CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Pursuant to Government Code Section 54956.8); Property: Approximately 75 acres at the northwest corner of Katella Avenue and Walker Street within the Los Alamitos Race Track and Golf Course Redevelopment Project Area; Negotiating Party: Executive Director, Deputy Executive Director, and Agency Counsel; Under Negotiation: Price and Terms of Payment. The Executive Director provided the Agency with a confidential status report on the negotiations meeting he CYPRESS REDEVELOPMENT AGENCY MARCH 12, 2001 had with one of the property owners within the Los Alamitos Race Track and Golf Course Redevelopment Project Area. Agency Vice Chairperson Sondhi did not participate in this Closed Session item due to her ownership of property in proximity to the project area. No other items were discussed in Closed Session, nor was any other action taken or solicited. ADJOURNMENT: Agency Chairperson McGill adjourned the meeting at 8:19 p.m. CHAIRPERSON OF THE CYPRESS REDEVELOPMENT AGENCY ATTEST: /~'(~R-ETAI~Y O¢ T~I~ CYPRESS ;,.4-~EDEVELOPMENT'~(GENCY 2