Resolution No. 247041_u
RESOLUTION NO 2470
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS,
CALIFORNIA CREATING A COMMUNITY REDEVELOPMENT AGENCY
ADMINISTRATIVE FUND
WHEREAS, the City Council in accordance with the provisions of the
California Community Redevelopment Law, desires to initiate a redevelopment
program in the City of Cypress (the "City"); and
WHEREAS, the City Council has designated itself as the Community
Redevelopment Agency of the City of Cypress (the "Agency"); and
WHEREAS, said Community Redevelopment Law provides for the creation
of a Community Redevelopment Agency Administrative Fund for the purpose
of accounting for administrative expenses of the Agency and funds advanced
therefor by the City Council
NOW THEREFORE, be it resolved by the City Council of the City of
Cypress as follows*
SECTION 1 A Community Redevelopment Agency Administrative Fund is
hereby created as a special fund in the treasury of the City for the pur-
pose of accounting for administrative expenses of the Agency and keeping
funds advanced therefor by this Council
SECTION 2 The Agency shall file with the City Council a detailed
report of all of the Agency's transactions with respect to the Community
Redevelopment Agency Administrative Fund, including a statement of all
revenues and expenditures, no less than annually
PASSED AND ADOPTED by the City Council of the City of Cypress at a
regular meeting held on the 14th day of December 1981
ATTEST
/ W( t
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CITY CLERK OF THE CITY OF CYPRESS
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
MAYOR OF THE CITY OF CYPRESS
I, DARRELL ESSEX, City Clerk of the City of Cypress, DO HEREBY CERTIFY
that the foregoing Resolution was duly adopted at a regular meeting of the
said City Council held on the 14th day of December 1981, by the following
roll call vote.
AYES* 5 COUNCIL MEMBERS* Coronado Lacayo Partin Rowan and Mullen
NOES. 0 COUNCIL MEMBERS None
ABSENT: 0 COUNCIL MEMBERS. None
4CI�F Ti{E CITY OF CYPRESS
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