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CRA 2001-05-29MINUTES OF A REGULAR MEETING OF THE CYPRESS REDEVELOPMENT AGENCY HELD May 29, 2001 Agency Chairperson McGill called the meeting of the Cypress Redevelopment Agency to order at 8:56 p.m. in the Council Chambers, 5275 Orange Avenue, Cypress, California. PRESENT: Agency Board Members Keenan, Piercy, Agency Vice Chairperson Sondhi, Agency Chairperson McGill ABSENT: Agency Board Member McCoy Also present were Executive Director, City Attorney, Deputy Executive Director, Agency Treasurer, Agency Engineer, Chief of Police, Planning Manager, Assistant to the City Manager, and Agency Secretary. Agency Vice Chairperson Sondhi requested Item No. 21 be pulled from the Redevelopment Agency Consent Calendar. Regarding Item No. 21: AMENDMENT OF CONTRACT SERVICES AGREEMENT WITH HELP II PROGRAM ADMINISTRATOR IN RESPONSE TO CHANGE IN SCOPE OF SERVICES, Agency Vice Chairperson Sondhi asked the Community Development Director to provide some additional information on this program. The Deputy Executive Director stated the HELP II Program is the home rehabilitation loan program sponsored by the City through housing set-aside obligations. Eligible residents can make an application to rehabilitate their single-family, detached home. Currently, U.S.E. Community Service Group administers both the loan underwriting and processing component, and construction management. U.S.E. has contacted the City and informed staff they will be discontinuing the construction management portion because it is not profitable. Staff agreed to amend the contract with U.S.E. and U.S.E. agreed to continue to provide construction management at a higher rate until another resource or option is found. Staff does not anticipate more than two or three loans at this higher rate. It was moved by Agency Vice Chairperson Sondhi and seconded by Agency Board Member Piercy, that the Cypress Redevelopment Agency authorize the Executive Director to execute the New Contract Services Agreement with U.S.E. Community Services Group for continued administration of loan servicing duties for the HELP II Program. The motion was unanimously carried by the following roll call vote: AYES: NOES: ABSENT: 4 AGENCY MEMBERS: Keenan, Piercy, Sondhi, and McGill 0 AGENCY MEMBERS: None 1 AGENCY MEMBERS: McCoy ADJOURNMENT: Agency Chairperson McGill adjourned the meeting at 9:12 p.m. CHAIRPERSON OF THE CYPRESS REDEVELOPMENT AGENCY ATTEST: ~ ,~ ,/',~RETA~Y OF '~ CYPRESS ~--REDEVELOPMENT-'AGENCY