CRA 89-06-26 MINUTES OF A MEETING OF THE
CYPRESS REDEVELOPMENT AGENCY
HELD
June 26, 1989
Agency Vice Chairman Kanel called the meeting of the Cypress Redevelopment
Agency to order at 10:22 p.m. on Monday, June 26, 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
Kerry to approve the minutes of June 5, 1989 and June 12, 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
CONTINUATION OF CONSIDERATION OF AGREEMENT BETWEEN THE CYPRESS REDEVELOPMENT
AGENCY AND THE CYPRESS SCHOOL DISTRICT FOR REIMBURSEMENT OF TAX INCREMENT
FUNDS: The staff report dated June 21, 1989 indicated that the Agreement
between the Cypress Redevelopment Agency and the Cypress School District for
reimbursement of tax increment funds and the purchase of the Cypress School
site is being finalized by the City Attorney.
The City Manager requested that this item be continued to July 10, 1989.
It was moved by Agency Member Age and seconded by Agency Member Arnold to
continue this item to July 10. 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 ADOPTION OF THE 1989-90 BUDGET FOR THE CYPRESS REDEVELOPMENT
AGENCY: The City Manager remarked that this was the initial development of a
budget for the Redevelopment Agency and henceforth will be presented each
year.
It was moved by Agency Member Arnold and seconded by Agency Member Kerry that
the City Council, acting as the Cypress Redevelopment Agency, adopt the 1989-
90 Agency Budget. 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 10:25 p.m.
K
VICE CHAIRMAN OF THt CYPRESS,
REDEVELOPME@ AGENCY
ATTEST:
SECR ARY OF HE CYPRE EDEVELOPME@T
AGENCY