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CRA 89-06-12 MINUTES OF A MEETING OF THE CYPRESS REDEVELOPMENT AGENCY HELD June 12, 1989 Agency Vice Chairman Kanel called the meeting of the Cypress Redevelopment Agency to order at 11:58 p.m. on Monday, June 12, 1989 in the Cypress City Council Chambers, 5275 Orange Avenue, Cypress, California. PRESENT:Agency Members Age, Arnold, Kerry and Kanel ABSENT: None MINUTES: It was moved by Agency Member Arnold and seconded by Agency Member Age to approve the minutes of May 22, 1989. The motion unanimously carried by the following roll call vote: AYES:4 AGENCY MEMBERS: Age, Arnold, Kerry and Kanel NOES:0 AGENCY MEMBERS: None ABSENT: 0 AGENCY MEMBERS: None CONSIDERATION OF RESOLUTION AUTHORIZING THE CITY ATTORNEY TO FILE EMINENT DOMAIN PROCEEDINGS IN THE ACQUISITION OF THE VANDER MEER PROPERTY: The staff report prepared June 8, 1989 indicated that, due to potential litigation and possible tax advantages, it appears to be in the best interest for the Redevelopment Agency and the property owner(s) to adopt a Resolution authorizing Eminent Domain proceedings to acquire the property It was moved by Agency Member Kerry and seconded by Agency Member Age to adopt the Resolution by title only, title as follows, initiating Eminent Domain proceedings. CRA NO. 41 A RESOLUTION OF THE CYPRESS REDEVELOPMENT AGENCY FINDING AND DETERMINING THAT THE PUBLIC INTEREST, CONVENIENCE AND NECESSITY REQUIRE THE ACQUISITION OF CERTAIN REAL PROPERTY FOR REDEVELOPMENT PURPOSES AND ALL USES APPURTENANT THERETO. The motion unanimously carried by the following roll call vote: AYE:4 AGENCY MEMBERS: Age, Arnold, Kerry and Kanel NOES:0 AGENCY MEMBERS: None ABSENT: 0 AGENCY MEMBERS: None CONSIDERATION OF AGREEMENT BETWEEN THE CYPRESS REDEVELOPMENT AGENCY AND THE CYPRESS SCHOOL DISTRICT FOR REIMBURSEMENT OF TAX INCREMENT FUNDS: The staff report dated June 8, 1989 indicated that a draft Agreement between the Cypress Redevelopment Agency and the Cypress School District had been prepared for reimbursement of tax increment funds from the Civic Center Redevelopment Project, Amendment No. 1. Responding to Agency Member Arnold, the Agency Counsel advised that there was no problem in continuing this item until the School Board has an opportunity to review the documents and there were two minor changes that he will incorporate into the agreement. It was moved by Agency Member Age and seconded by Agency Member Kerry to continue this item to June 26. The motion unanimously carried by the following roll call vote: AYE:4 AGENCY MEMBERS: Age, Arnold, Kerry and Kanel NOES:0 AGENCY MEMBERS: None ABSENT: 0 AGENCY MEMBERS: None 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 requested a continuance of this item for several meetings. It was moved by Agency Member Age and seconded by Agency Member Arnold to continue this item to the Council meeting of July 24. The motion unanimously carried by the following roll call vote: AYE:4 AGENCY MEMBERS: Age, Arnold, Kerry and Kanel NOES:0 AGENCY MEMBERS: None ABSENT:0 AGENCY MEMBERS: None ADJOURNMENT:Agency Vice Chairman Kanel adjourned the meeting at 12:02 a.m. t,,, p VICV gliAIRmAg 6F THE TYPRESS REDtVtLOPMENT AGENCY v ATTEST: "I zl@ z@x I SECRETAR@6F-THE@YPRESS REDEVELOPMENT AGENCY