CRA 90-10-29 MINUTES OF A MEETING OF THE
CYPRESS REDEVELOPMENT AGENCY
HELD
October 29, 1990
Chairman Age called the meeting of the Cypress Redevelopment Agency to order
at 4:48 p.m. on Monday, October 29, 1990 in the Cypress City Council Chamber,
5275 Orange Avenue, Cypress, California.
PRESENT:Agency Members Arnold, Bowman, Kanel, Kerry and Age
ABSENT: None
MINUTES: It was moved by Agency Member Kanel and seconded by Agency Member
Bowman to approve the Minutes of September 10, 1990. The motion unanimously
carried by the following roll call vote:
AYES: 5 AGENCY MEMBERS: Arnold, Bowman, Kanel, Kerry & Age
NOES: 0 AGENCY MEMBERS: None
ABSENT: 0 AGENCY MEMBERS: None
CONSIDERATION OF APPROVAL OF THE TAX INCREMENT AGREEMENT WITH THE CYPRESS
SCHOOL DISTRICT FOR THE LINCOLN AVENUE REDEVELOPMENT PROJECT: The Executive
Director summarized the staff report dated October 22, 1990, which indicated
that negotiations have been completed with the representatives of the Cypress
School District regarding the tax increment pass-through Agreement for the
Lincoln Avenue Redevelopment Project.
Councilmember Bowman asked about using redevelopment monies from the race
track and asked the staff to provide information to the Agency regarding the
impact of the sale of the golf course on the increment funding.
The City Manager stated that he would provide that information to the Agency.
It was moved by Agency Member Bowman and seconded by Agency Member Arnold to
approve the Agreement with the Cypress School District for tax increment
sharing of the Lincoln Avenue Redevelopment Project. The motion unanimously
carried by the following roll call vote:
AYES: 5 AGENCY MEMBERS: Arnold, Bowman, Kanel, Kerry & Age
NOES: 0 AGENCY MEMBERS: None
ABSENT: 0 AGENCY MEMBERS: None
ADJOURNMENT: Agency Chairman Age adjourned the meeting at 4:50 p.m.
CHAIRMAN OF THE CYPRESS REDEVELOPMENT
AGENCY
ATTEST:
SECRETARY OF THE CYPRESS REDEVELOPMENT
AGENCY