CRA 2003-03-10MINUTES CFA REGULAR MEETING OF THE
CYPRESS REDEVELOPMENT AGENCY
HELD
March 10, 2003
Agency Chairperson McCoy called the meeting of the Cypress Redevelopment Agency
to order at 8:47 p.m. in the Council Chambers, 5275 Orange Avenue, Cypress,
California.
PRESENT: Agency Board Members McGill, Piercy, Sondhi, Agency
Chairperson McCoy
ABSENT:
Agency Vice Chairperson Keenan
Aisc 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.
Item No. 8: CONSIDERATION OF EXCLUSIVE NEGOTIATION AGREEMENT
BETWEEN THE CYPRESS REDEVELOPMENT AGENCY AND COSTCO
WHOLESALE CORPORATION.
The Deputy Executive Director provided background information on this item.
It was moved by Agency Board Member Piercy and seconded by Agency Board
Member McGilI, to approve the Exclusive Negotiation Agreement between the Agency
and Costco Wholesale Corporation for the approximately 18 acre site at the northwest
corner of Walker Street and Katella Avenue and authorize the Agency Chairman to
execute the Agreement.
The motion was unanimously carried by the following roll call vote:
AYES:
NOES:
ABSENT:
4 AGENCY MEMBERS:
0 AGENCY MEMBERS:
1 AGENCY MEMBERS:
McGilI, Piercy, Sondhi and McCoy
None
Keenan
ADJOURNMENT: Agency Chairperson McCoy adjourned the meeting at 8:53 p.m.
CHAIRPERSON OF THE ~::IESS
REDEVELOPMENT AGENCY
A'I-FEST:
~i/CRETARY O-F ~ CYPRESS
REDEVELOPMENT AGENCY