CRA 2001-06-25MINUTES OF A REGULAR MEETING OF THE
CYPRESS REDEVELOPMENT AGENCY
HELD
June 25, 2001
Agency Chairperson McGill called the meeting of the Cypress Redevelopment Agency
to order at 8:03 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, City Attorney, Deputy Executive Director, Agency
Treasurer, Public Works Director, Chief of Police, Planning Manager, Assistant to the
City Manager, and Agency Secretary.
It was moved by Agency Board Member Keenan and seconded by Agency Vice
Chairperson Sondhi, to approve Consent Calendar Item No. 20.
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
Consent Calendar:
Item No. 20: ADOPTION OF RESOLUTION APPROVING FINANCING
PROCEEDINGS TO REFINANCE CAPITAL IMPROVEMENTS WITHIN THE CITY,
APPROVING ISSUANCE OF REVENUE BONDS BY THE ASSOCIATION OF BAY
AREA GOVERNMENTS FOR SUCH PURPOSE, AND APPROVING RELATED
DOCUMENTS AND OFFICIAL ACTIONS.
Recommendation: That the Cypress Redevelopment Agency Board adopt the
attached Resolution by title only, title as follows, approving the issuance of bonds by the
Association of Bay Area Governments (ABAG) Authority for the purpose of refinancing
the City of Cypress 1991 Certificates of Participation, and approve a reimbursement
agreement, by and between the City of Cypress and the Cypress Redevelopment
Agency.
RESOLUTION NO. CRA-95
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF CYPRESS, APPROVING FINANCING PROCEEDINGS TO
REFINANCE CAPITAL IMPROVEMENTS WITHIN THE GEOGRAPHIC
BOUNDARIES OF THE CITY, APPROVING ISSUANCE OF REVENUE
BONDS BY THE ASSOCIATION OF BAY AREA GOVERNMENTS FOR
SUCH PURPOSE, AND APPROVING RELATED DOCUMENTS AND
OFFICIAL ACTIONS.
New Business:
Item No. 21' ADOPTION OF THE FISCAL YEAR 2001-02 BUDGET FOR THE
CYPRESS REDEVELOPMENT AGENCY.
The Agency Treasurer provided information on this item.
CYPRESS REDEVELOPMENT AGENCY JUNE 25, 2001
It was moved by Agency Board Member Piercy and seconded by Agency Vice
Chairperson Sondhi, to adopt the Agency's attached annual Budget as proposed for the
fiscal year beginning July 1,2001.
The motion was unanimously carried by the following roll call vote:
AYES: 5 AGENCY MEMBERS: Keenan, McCoy, Piercy, Sondhi, and McGill
NOES: 0 AGENCY MEMBERS: None
ABSENT: 0 AGENCY MEMBERS: None
ADJOURNMENT: Agency Chairperson McGill adjourned the meeting at 8:08 p.m.
CHAIRPERSO~ OF"'T~E CYPRESS
REDEVELOPMENT AGENCY
ATTEST:
2