CRA 2003-01-13MINUTES OFA REGULAR MEETING OF THE
CYPRESS REDEVELOPMENT AGENCY
HELD
January 13, 2003
Agency Chairperson McCoy called the meeting of the Cypress Redevelopment Agency
to order at 7:50 p.m. in the Council Chambers, 5275 Orange Avenue, Cypress,
California.
PRESENT:
Agency Board Members McGill, Piemy, Sondhi, Agency Vice
Chairperson Keenan, Agency Chairperson McCoy
ABSENT: None
Also present were Executive Director, City Attorney, Deputy Executive Director, Agency
Treasurer, Public Works Director, Chief of Police, Recreation and Community Services
Director, Assistant Community Development Director, Assistant to the City Manager,
and Agency Secretary.
New Business:
Item No. 14: ADOPTION OF COMPREHENSIVE AFFORDABLE HOUSING
STRATEGY.
The Deputy Executive Director provided background information on this item.
Agency Board Member Sondhi asked what is the best project to do at this time given
the State's economic climate.
The Deputy Executive Director stated that when the strategy was started, it was more
cost-efficient to provide affordable rental housing but the City needs to remain multi-
faceted with both for sale and rental housing.
Council Member McGill asked about the concept of bringing in a non-profit organization
to acquire and rehabilitate a rental complex in the City.
The Deputy Executive Director stated there are a number of non-profit affordable
housing developers that specialize in acquisition rehabilitation in partnership with the
City's Redevelopment Agency to provide affordable rental housing. There are a couple
of potential neighborhoods that have been identified for this concept.
It was moved by Agency Board Member Sondhi and seconded by Agency Vice Chair
Keenan, to adopt the Resolution by title only, approving the Comprehensive Affordable
Housing Strategy.
The motion was unanimously carried by the following roll call vote:
AYES:
NOES:
ABSENT:
5 AGENCY MEMBERS: McGill, Piercy, Sondhi, Keenan and McCoy
0 AGENCY MEMBERS: None
0 AGENCY MEMBERS: None
RESOLUTION NO. CRA-107
A RESOLUTION OF THE CYPRESS REDEVELOPMENT AGENCY,
ADOPTING A COMPREHENSIVE AFFORDABLE HOUSING STRATEGY.
CYPRESS REDEVELOPMENT AGENCY JANUARY 13, 2003
ADJOURNMENT: Agency Chairperson McCoy adjourned the meeting at 8:08 p.m.
CHAIRPERSON OF THE C'~,ESS
REDEVELOPMENT AGENCY
ATTEST:
~CRETARY OF '1~ CYPRESS
REDEVELOPMENT'AGENCY
2