CRA 2003-10-27MINUTES CFA REGULAR MEETING OF THE
CYPRESS REDEVELOPMENT AGENCY
HELD
October 27, 2003
Agency Chairperson McCoy called the meeting of the Cypress Redevelopment Agency
to order at 7:45 p.m. in the Council Chambers, 5275 Orange Avenue, Cypress,
California.
PRESENT:
Agency Board Members McGill, Piercy, Sondhi, Agency Vice
Chairperson Keenan, Agency Chairperson McCoy
ABSENT: None
Aisc present were Executive Director, 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 Vice Chair Keenan and seconded by Agency Board Member
Piercy, to approve Consent Calendar Items No. 15 and 16.
The motion was unanimously carried by the following roll call vote:
AYES:
NOES:
ABSENT:
5 AGENCY MEMBERS: McGill, Piercy, Sondhi, Keenan and McCoy
0 AGENCY MEMBERS: None
0 AGENCY MEMBERS: None
Consent Calendar:
Item No. 15: ADOPTION OF RESOLUTION APPROVING THE PURCHASE AND
SALE AGREEMENT FOR THE PROPERTY LOCATED AT 5732 LINCOLN AVENUE.
Recommendation: That the Cypress Redevelopment Agency Board: 1) Adopt the
Resolution by title only, title as follows, approving the Purchase and Sale Agreement
with STSONS Enterprises, Inc. for the Agency's acquisition of the approximately 1.10
acre parcel located at 5732 Lincoln Avenue; and 2) Approve an appropriation from the
unreserved fund balance of the Agency's Low and Moderate Income Housing Fund in
the amount of $1,425,000 to the following account number: 4176-36-196-06.
RESOLUTION NO. CRA-111
A RESOLUTION OF THE CYPRESS REDEVELOPMENT AGENCY,
APPROVING AN AGREEMENT FOR THE PURCHASE AND SALE
OF REAL PROPERTY BY AND BETWEEN THE AGENCY, AS
BUYER, AND STSONS ENTERPRISES, INC., AS SELLER, OF
AN APPROXIMATELY 1.10 ACRE PARCEL LOCATED IN THE CITY
OF CYPRESS AT 5732 LINCOLN AVENUE WITHIN THE
LINCOLN AVENUE REDEVELOPMENT PROJECT AREA.
Item No. 16: CONSIDERATION OF CONSULTANT SERVICES AGREEMENT
BE'I'WEEN THE CYPRESS REDEVELOPMENT AGENCY AND THE ROSENOW
SPEVACEK GROUP FOR PROJECT MANAGEMEN~ECONOMIC CONSULTING
SERVICES.
Recommendation: That the Cypress Redevelopment Agency Board: 1) Approve the
Contract Services Agreement with the Rosenow Spevacek Group for Economic
Consulting and General Redevelopment Consultant Services; and 2) Approve
appropriations from the Agency's unreserved fund balances as follows:
CYPRESS REDEVELOPMENT AGENCY OCTOBER 27, 2003
Civic Center Project Area
Lincoln Avenue Project Area
LART Project Area
Low-Moderate Income Housing
Fund
Account Number
Amount
4189-35-194-06 $ 1,200
4189-37-195-06 $ 1,200
4189-38-197-06 $ 1,200
4189-36-196-06 $32,400
END QF CONSENT CALENDAR
ADJOURNMENT: Agency Chairperson McCoy adjourned the meeting at 8:03 p.m.
CHAIRPERSON OF THE C¥--P-RESS
REDEVELOPMENT AGENCY
ATTEST:
~.~CRETAI~Y (~F ~'I~E CYPRESS
REDEVELOPMENT'AGENCY
2