CRA 90-08-13 MINUTES OF A MEETING OF THE
CYPRESS REDEVELOPMENT AGENCY
HELD
August 13, 1990
Agency Chairman Age called the meeting of the Cypress Redevelopment Agency to
order at 11:36 p.m. on Monday, August 13, 1990 in the City Council Chamber,
5275 Orange Avenue, Cypress, California.
PRESENT: Agency Members Arnold, Bowman, Kanel, Kerry and Age
ABSENT: None
MINLITES: It was moved by Agency Member Bowman and seconded by Agency Member
Kerry to approve the minutes of July 9, 1990. The motion carried by the
following roll call vote:
AYES: 4 AGENCY MEMBERS: Bowman, Kanel, Kerry and Age
NOES: 0 AGENCY MEMBERS: None
ABSENT: 0 AGENCY MEMBERS: None
ABSTAINED :1 AGENCY MEMBERS: Arnold
Agency Member Arnold abstained due to her absence from the meeting.
CONSIDERATION OF APPROPRIATION INCREASE IN THE REDEVELOPMENT CAPITAL PROJECTS
FUND FOR THE FISCAL YEAR ENDED JUNE 30, 1990: The Finance Director reviewed
the staff report dated July 27, 1990, which represented a request that the
Appropriations and Estimated Other Sources - Proceeds of Debt both be
increased by $441,740 to cover the expenditures and income.
It was moved by Agency Member Bowman and seconded by Agency Member Kerry to
authorize an appropriation adjustment for Fiscal Year 1989-90 in the amount of
$441,740 in the Redevelopment Agency Capital Projects Fund (Account No. 4176-
35-194-06) offset by an increased estimated source of funds-proceeds from debt
(Account No. 1201-35). The motion unanimously carried by the following roll
call vote:
AYES: 5 AGENCY MEMBERS: Arnold, Bowman, Kanel, Kerry and Age
NOES: 0 AGENCY MEMBERS: None
ABSEN T: 0 AGENCY MEMBERS: None
CONSIDERATION OF TAXING AGENCY REIMBURSEMENT AGREEMENTS: The Acting City
Manager presented the staff report dated August 2, 1990 which indicated that
during the processing of the formation plans for the Lincoln Avenue
Redevelopment Area Project and the Los Alamitos Race Track and Golf Course
Redevelopment Area Project, Agency staff met with various taxing agencies to
determine to what extent the projects would cause a substantial financial
burden to those agencies. As a result of these meetings, a number of
agreements for the pass-through of tax increment funds were negotiated.
Agency Member Bowman asked the City Attorney what the effective date was for
the incremental increase since the golf course area was in redevelopment and
asked if that information could be provided. The City Attorney responded that
the deadline was met but would check to determine what tax year was affected.
It was moved by Agency Member Kerry and seconded by Agency Member Bowman to
approve the staff recommendation that the Redevelopment Agency (1) approve the
attached three (3) amended agreements with the Orange County Department of
Education, North Orange County Community College District and Cypress School
District of the Los Alamitos Race Track and Golf Course Redevelopment Project
Area; (2) Approve the attached agreement with the County of Orange/Orange
County Flood Control District for the Los Alamitos Race Track and Golf Course
Redevelopment Project Area; (3) Approve the attached two (2) amended
agreements with the Orange County Department of Education and North Orange
County Community College District for the Lincoln Avenue Redevelopment Project
Area; (4) Approve the attached agreement with the County of Orange/Orange
County Flood Control District for the Lincoln Avenue Redevelopment Project
Area; and (5) Authorize the Chairman of the Redevelopment Agency to execute
the seven (7) agreements and the Secretary to attest. The motion unanimously
carried by the following roll call vote:
AYES: 5 AGENCY MEMBERS: Arnold, Bowman, Kanel, Kerry and Age
NOES : 0 AGENCY MEMBERS: None
ABSENT: 0 AGENCY MEMBERS: None
ADJOURNMENT:Agency Chairman Age adjourned the meeting at 11: 38 p.m.
CHAIRMAN OF THE CYPRESS
REDEVELOPMENT AGENCY
ATTEST:
SECRETARY OF THE CYPRESS REDEVELOPMENT
AGENCY