CRA 90-06-11 MINUTES OF A MEETING OF THE
CYPRESS REDEVELOPMENT AGENCY
HELD
June 11, 1990
Agency Chairman Age called the meeting of the Cypress Redevelopment Agency to
order at 7:58 p.m. on Monday, June 11, 1990 in the Cypress City Council
Chambers, 5275 Orange Avenue, Cypress, California.
PRESENT: Agency Members Arnold, Bowman, Kerry and Age
ABSENT: Agency Member Kanel
MINUTES: It was moved by Agency Member Bowman and seconded by Agency Member
Kerry to approve the minutes of May 29, 1990. The motion unanimously carried
by the following roll call vote:
AYES: 4 AGENCY MEMBERS: Arnold, Bowman, Kerry and Age
NOES: 0 AGENCY MEMBERS: None
ABSENT: 1 AGENCY MEMBERS: Kanel
CONTINUATION OF CONSIDERATION OF AN AGREEMENT BETWEEN THE CYPRESS
REDEVELOPMENT AGENCY AND CYPRESS HOMES, INC., PROVIDING FOR FINANCING OF
CERTAIN IMPROVEMENTS REQUIRED BY THE SORRENTO HOMES DEVELOPMENT ON THE TEXACO
TANK FARM: The Executive Director presented the staff report dated June 6,
1990, which indicated that negotiations between representatives of the
Redevelopment Agency and Cypress Homes, Inc. are nearing completion. The
developer has requested and agreed to pay for a tax exempt ruling on these
funds which should be attached to the agreement.
It was moved by Agency Member Arnold and seconded by Agency Member Kerry to
continue this item to the meeting of July 23, 1990. The motion unanimously
carried by the following roll call vote:
AYES: 4 AGENCY MEMBERS: Arnold, Bowman, Kerry and Age
NOES: 0 AGENCY MEMBERS: None
ABSENT: 1 AGENCY MEMBERS: Kanel
CONSIDERATIONOF A REPORT TO THE CITY COUNCIL FOR THE LINCOLN AVENUE
REDEVELOPMENT PROJECT: The Planning Director presented the staff report dated
June 5, 1990,which indicated that prior to the adoption of a redevelopment
plan by a city council, Community Redevelopment Law requires that the
redevelopment agency submit to the city council a report containing an
overview of the entire redevelopment plan process for the Lincoln Avenue
project. The City's Redevelopment Consultant, Brice Russell of GRC
Consultants, was present to answer any questions.
It was moved by Agency Member Arnold and seconded by Agency Member Bowman to
adopt the Resolution by title only, title as follows, approving its report on
the Redevelopment Plan for the Lincoln Avenue Redevelopment Project and
transmitting the report and the Redevelopment Plan to the City Council of the
City of Cypress.
CRA NO. 61
A RESOLUTION OF THE CYPRESS REDEVELOPMENT AGENCY APPROVING ITS REPORT ON
THE REDEVELOPMENT PLAN FOR THE LINCOLN AVENUE REDEVELOPMENT PROJECT AND
TRANSMITTING THE REPORT AND THE REDEVELOPMENT PLAN TO THE CITY COUNCIL
OF THE CITY OF CYPRESS.
The motion unanimously carried by the following roll call vote:
AYES: 4 AGENCY MEMBERS: Arnold, Bowman, Kerry & Age
NOES: 0 AGENCY MEMBERS: None
ABSENT: 1 AGENCY MEMBERS: Kanel
CONSIDERATION OF A REPORT TO THE CITY COUNCIL FOR THE LOS ALAMITOS RACE TRACK
AND GOLF COURSE REDEVELOPMENT PROJECT: The Planning Director summarized the
staff report dated June 5, 1990, which stated that Community Redevelopment Law
requires that the Redevelopment Agency submit to the City Council a report
containing an overview of the entire redevelopment plan process for the Los
Alamitos Race Track and Golf Course.
It was moved by Agency Member Bowman and seconded by Agency Member Kerry to
adopt the Resolution by title only, title as follows, approving its report on
the Redevelopment Plan for the Los Alamitos Race Track and Golf Course
Redevelopment Project and transmitting the report and the Redevelopment Plan
to the City Council of the City of Cypress.
CRA NO. 62
A RESOLUTION OF THE CYPRESS REDEVELOPMENT AGENCY APPROVING ITS REPORT ON
THE REDEVELOPMENT PLAN FOR THE LOS ALAMITOS RACE TRACK AND GOLF COURSE
REDEVELOPMENT PROJECT AND TRANSMITTING THE REPORT AND THE REDEVELOPMENT
PLAN TO THE CITY COUNCIL OF THE CITY OF CYPRESS.
The motion unanimously carried by the following roll call votes:
AYES: 4 AGENCY MEMBERS: Arnold, Bowman, Kerry and Age
NOES: 0 AGENCY MEMBERS: None
ABSENT: 1 AGENCY MEMBERS: Kanel
CONSIDERATION OF APPROVAL OF PASS-THROUGH AGREEMENTS FOR TAX INCREMENT
RESULTING FROM THE LINCOLN AVENUE AND LOS ALAMITOS RACE TRACK AND GOLF COURSE
REDEVELOPMENT PROJECTS: The Executive Director presented the staff report
dated June 6, 1990 which indicated that negotiations have been completed and
the Pass-Through Agreements for sharing the tax increment dollars with various
taxing agencies impacted by the Lincoln Avenue and the Los Alamitos Race Track
and Golf Course Redevelopment Project will be submitted under separate cover.
It was moved by Agency Member Bowman and seconded by Agency Member Kerry to
approve the Pass-Through Agreements as presented. The motion unanimously
carried by the following roll call vote:
AYES: 4 AGENCY MEMBERS: Arnold, Bowman, Kerry and Age
NOES: 0 AGENCY MEMBERS: None
ABSENT 1 AGENCY MEMBERS: Kanel
ADJOURNMENT: Agency Chairman Age adjourned the meeting at 8:06 p.m.
CHAIRMAN OF THE CYPRERS
REDEVELOPMENT AGENCY
ATTEST:
SECRETARY OF THE CYPRESS REDEVELOPMENT
AGENCY