CRA 2003-09-22MINUTES OF A REGULAR MEETING OF THE
CYPRESS REDEVELOPMENT AGENCY
HELD
September 22, 2003
Agency Chairperson McCoy called the meeting of the Cypress Redevelopment
Agency to order at 7:38 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
Also present were City Attorney, Deputy Executive Director, Agency Treasurer,
Public Works Director, Chief of Police, Recreation and Community Services
Director, Assistant Community Development Director, Administrative Services
Manager, and Agency Secretary.
It was moved by Agency Board Member McGill and seconded by Agency Board
Member Piercy, to approve Consent Calendar Items No. 28 through 30.
The motion was unanimously carried by the following roll call vote:
AYES:
NOES:
ABSENT:
4 AGENCY MEMBERS: McGill, Piercy, Sondhi and McCoy
0 AGENCY MEMBERS: None
1 AGENCY MEMBERS: Keenan
Consent Calendar:
Item No. 28: CONSIDERATION OF AMENDMENT NO. 2 TO THE EXCLUSIVF
NEGOTIATION AGREEMENT BETWEEN THE CYPRESS REDEVELOPMENT
AGENCY AND COSTCO WHOLESALE CORPORATION.
Recommendation: That the Cypress Redevelopment Agency Board approve
Amendment No. 2 to the Exclusive Negotiation Agreement between the Agency
and Costco Wholesale Corporation for the 18 acre site located at the northwest
corner of Walker Street and Katella Avenue.
Item No. 29: APPROVAL OF ADDITIONAL APPROPRIATIONS FOR FISCAl
YEAR 2002-03.
Recommendation: That the Cypress Redevelopment Agency Board approve
additional appropriations for Fiscal Year 2002-03 as follows:
Appropriate $12,000 to account 4299-35-194-06 (Development Assistance) from
the fund balance of the Civic Center Project Area Capital Projects Fund; and
Appropriate $10,000 to account 4179-38-197-06 (Legal Services) from the fund
balance of the Los Alamitos Race Track and Golf Course Project Area (LART)
Capital Projects Fund.
CYPRESS REDEVELOPMENT AGENCY SEPTEMBER 22, 2003
Item No. 30: APPROVAL OF FISCAL YEAR 2002-03 CARRYOVER OF
CONTINUING APPROPRIATIONS AND ENCUMBRANCES FOR THE CYPRESS
REDEVELOPMENT AGENCY TO FISCAL YEAR 2003-04.
Recommendation: That the Cypress Redevelopment Agency Board:
Authorize the appropriation of funds in Fiscal Year 2003-04 for the carryover
of continuing appropriations as detailed in Attachment A and summarized
as follows:
35 Civic Center Project Fund
37 Lincoln Avenue Project Fund
38 I_ART Project Fund
36 Low and Moderate Housing Set-Aside Fund
$ 1,337
$ 23,682
$ 9,847
$ 423,735
Authorize the appropriation of funds in Fiscal Year 2003-04 for items
encumbered at June 30, 2003 as detailed in Attachment B and summarized
below:
35 Civic Center Project Fund
37 Lincoln Avenue Project Fund
38 I_ART Project Fund
36 Low and Moderate Housing Set-Aside Fund
$ 5,727
$ 2,093
$ 16,153
$ 14,914
Authorize the transfers of funds to support continuing appropriations in Fiscal
Year 2003-04 as listed below:
FROM TO AMOUNT
35 Civic Center Project Fund 15 City CIP Fund $205,950
END OF CONSENT CALENDAR
ADJOURNMENT: Agency Chairperson McCoy adjourned the meeting at 8: p.m.
CHAIRPERSON OF THE C'¢PRESS
REDEVELOPMENT AGENCY
ATTEST:
2