HomeMy WebLinkAboutCRA 89-07-24 MINUTES OF A MEETING OF THE
CYPRESS REDEVELOPMENT AGENCY
HELD
July 24, 1989
Agency Chairman Arnold called the meeting of the Cypress Redevelopment Agency
to order at 11:05 p.m. on Monday, July 24, 1989 in the Cypress City Council
Chambers, 5275 Orange Avenue, Cypress, California.
PRESENT:Agency Members Age, Bowman, Kanel, Kerry and Arnold
ABSENT: None
MINUTES: It was moved by Agency Member Kanel and seconded by Agency Member
Age to approve the minutes of July 10, 1989. The motion carried by the
following roll call vote:
AYES:4 AGENCY MEMBERS: Age, Kanel, Kerry and Arnold
NOES:0 AGENCY MEMBERS: None
ABSENT:0 AGENCY MEMBERS: None
ABSTAINED:I AGENCY MEMBERS: Bowman
Agency Member Bowman abstained due to his absence at that meeting.
The Executive Director suggested that there be a change in the Chairmanship
and Vice Chairmanship in accordance with the previous reorganization of the
City Council.
It was moved by Agency Member Bowman and seconded by Agency Member Age to
elect Mayor Arnold as Chairman and Mayor Pro Tem Age as Vice Chairman of the
Redevelopment Agency. The motion unanimously carried by the following roll
call vote:
AYES:5 AGENCY MEMBERS: Age, Bowman, Kanel, Kerry and Arnold
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 Executive Director announced that an agreement has been reached
that appears acceptable to both parties. The Cypress School District's Board
of Trustees has approved the Agreement between the Cypress Redevelopment
Agency and the School District for reimbursement of the tax increment funds
and the exchange of properties between the agencies.
It was moved by Agency Member Kanel and seconded by Agency Member Kerry to
approve the Agreement, authorize the Mayor to sign the Agreement and the City
Clerk to attest, and pursuant to the terms of the Agreement, authorize staff
to issue a check in the amount of $300,000, payable to the Cypress Education
Foundation, which is the first payment for the purchase of the School
property.
The motion unanimously carried by the following roll call vote:
AYES:5 AGENCY MEMBERS: Age, Bowman, Kanel, Kerry and Arnold
NOES:0 AGENCY MEMBERS: None
ABSENT: 0 AGENCY MEMBERS: None
Mr. Edward Southfield, President Cypress School District's Board of Trustees,
thanked the Agency Members for their time and the effort expended on the
finalization of the Agreement.
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 requested that this item be continued to
the August 28, 1989 meeting and hearing no objection, the Agency Chairman so
ordered.
ADJOURNMENT: Agency Chairman Arnold adjourned the meeting at 11:14 p.m.
F THE CYPRESS
REDEVELOPMENT AGENCY
ATTEST:
SECkrTA@Y'OF ThE C-YP-RE@K-EDEVELOPMENT
AGENCY
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