CRA 89-08-14 MINUTES OF A MEETING OF THE
CYPRESS REDEVELOPMENT AGENCY
HELD
August 14, 1989
Vice Chairman Age called the meeting of the Cypress Redevelopment Agency to
order at 9:25 p.m. on Monday, August 14, 1989 in the Cypress City Council
Chambers, 5275 Orange Avenue, Cypress, California.
PRESENT:Agency Members Bowman, Kanel, Kerry and Age
ABSENT:Agency Member Arnold
MINUTES: It was moved by Agency Member Kane] and seconded by Agency Member
Bowman to approve the minutes of July 24, 1989. The motion carried by the
following roll call vote:
AYES:4 AGENCY MEMBERS: Bowman, Kanel, Kerry and Age
NOES:0 AGENCY MEMBERS: None
ABSENT: I AGENCY MEMBERS: Arnold
CONSIDERATION OF AGENCY AUTHORIZATION TO OPEN ESCROW FOR ASSESSOR'S PARCEL
NUMBER 244-451-13, 9461 WALKER STREET (MR. & MRS. EDWARD SIMMONS): The staff
report dated August 8, 1989 indicated that the City's Consultant has completed
the negotiations and is requesting authorization by the Agency to approve the
acquisition of the parcel in order to open escrow on the property.
It was moved by Agency Member Kerry and seconded by Agency Member Kanel to:
1) Approve the acquisition of fee simple merchantable title to Assessors
Parcel No. 244-451-13 for $324,000 plus an estimated $5,000 for all escrow
fees and related charges, and a maximum of $9,000 for relocation benefits and
moving expense reimbursement for which the seller qualifies under California
State law, subject to the terms and conditions contained in the Agreement for
Sale and Purchase of Real Property, dated August 7, 1989, free and clear of
all liens, encumbrances, covenants, assessments, easements, leases, leaseholds
interests and taxes, excepting those exceptions to title mutually agreed to in
writing between both parties; 2) Authorize the Executive Director or his
designee to forthwith take the appropriate steps to open an escrow to acquire
the subject property, and to relocate all occupants on the property in
accordance with California State law; and 3) Authorize appropriations in the
amount of $329,000 from the unreserved fund balance of the Cypress
Redevelopment Agency Capital Project Fund to Account #4176-35-194-06 for
acquisition cost, escrow fee and charges, and the amount of $9,000 from the
unreserved fund balance of the Redevelopment Agency Low-to-Moderate Set Aside
Fund to Account 44297-36-196-06 for relocation benefits, with the funds to be
provided by a loan from the City's General Fund. The motion unanimously
carried by the following roll call vote:
AYES:4 AGENCY MEMBERS: Bowman, Kane], Kerry and Age
NOES:0 AGENCY MEMBERS: None
ABSENT:I AGENCY MEMBERS: Arnold
ADJOURNMENT: Agency Vice Chairman Age adjourned the meeting at 9:27 p.m.
CHAIAAN OF THE CYP@SS
REDEVELOPMENT AGENCY
ATTEST:
SF-CP,ETiP,Y @ OF '@41'E CYPRESS/
REDEVELOPMENT AGENCY