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CRA - 115RESOLUTION NO. CRA - 1 ll5 A RESOLUTION OF THE CYPRESS REDEVELOPMENT AGENCY ADOPTING OWNER PARTICIPATION RULES FOR PROPERTY OWNERS, OPERATORS OF BUSINESSES, AND BUSINESS TENANTS FOR THE CIVIC CENTER, L INCOLN AVENUE, AND LOS ALAMITOS RACE TRACK AND GOLF COURSE REDEVELOPMENT PROJECT AREAS, AND TO APPLY TO THE AREA PROPOSED TO BE ADDED TO THE LINCOLN AVENUE REDEVELOPMENT PROJECT AREA AND TO THE PROPOSED CYPRESS MERGED AND AMENDED REDEVELOPMENT PROJECT WHEREAS, the Cypress Redevelopment Agency ("Agency") previously adopted separate Owner Participation Rules pursuant to Health and Safety Code Section 33345 in conjunction with the adoption of each of the Redevelopment Plans for the Civic Center (Original and Amendment Area), Lincoln Avenue, and Los Alamitos Race Track and Golf' Course ("CART") Redevelopment Project Areas; and WHEREAS, the Agency has initiated the process to (1) amend the Lincoln Avenue Redevelopment Plan to add territory ("Added Area") to the Lincoln Avenue Project Area, (2) merge for financial reasons the three Redevelopment Plans (including; the Added Area), pursuant to the merger provisions of the Community Redevelopment Law (Health & Safety Code § 33000 et seq.), and (3) adopt a single updated, amended, and restated Redevelopment Plan for the Cypress Merged and Amended Project Area; and WHEREAS, Health and Safety Code Section 33345 requires that prior to the adoption of the proposed amendment to add the Added Area to the Lincoln Avenue Project Area, the Agency adopt new Owner Participation Rules to be applicable to the Added Area if such amendment to add the Added Area is later adopted by the City Council after a joint public hearing with the Agency to consider such amendment; and WHEREAS, the three separate Owner Participation Rules currently applicable to each of the three existing Project Areas are fifteen years old and require updating; and WHEREAS, instead of adopting new Owner Participation Rules applicable to just the Added Area and maintaining the three separate and outdated Owner Participation Rules applicable to the Civic Center, Original Lincoln Avenue, and CART Project Areas, it is prudent to adopt a new, single set of Owner Participation Rules to be applicable to (a) all three Project Areas, (b) the Added Area, if the amendment to add the Added Area is later adopted, and (c) the proposed Redevelopment Plan for the Cypress Merged and Amended Project Area ("Merged Plan"), if such merger and the Merged Plan are later adopted; and WHEREAS, Agency staff and consultant have prepared such updated "Owner Participation Rules for Property Owners, Operators of Businesses, and Business Tenants" in accordance with Health and Safety Code Section 33345 to implement the operation of owner participation in the three existing Project Areas, the Added Area (with the rules to be applicable if the amendment to add the Added Area is later adopted), and the merger and Merged Plan (with the rules to be applicable to the Merged Plan if the Merged Plan is later adopted); and WHEREAS, pursuant to the requirements of the current Owner Participation Rules which the proposed new Owner Participation Rules would supersede, Agency staff provided timely written notice to the Agency Board that such new Owner Participation Rules would be considered for adoption at the Agency meeting of February 14, 2005; and WHEREAS, all actions required to be taken precedent to the adoption of this Resolution have been duly and regularly taken in accordance with applicabef; law. NOW, THEREFORE, the Cypress Redevelopment Agency DOES HEREBY RESOLVE as follows: SECTION 1. The Owner Participation Rules for Property Owners, Operators of Businesses, and Business Tenants for the Civic Center Redevelopment Project Area, Lincoln Avenue Redevelopment Project Area (and including the Addecl Area if the amendment to add the Added Area is later adopted), and Los Alamitos Race Track and Golf Course Redevelopment -1- Project Area, and also applicable to the Cypress Merged and Amended Project Area (if the proposed merger and Merged Plan are later adopted), attached hereto as Exhibit 1 and by reference made a part hereof, is hereby approved and adopted. SECTION 2. The Agency Executive Director is hereby authorized and directed to make the Owner Participation Rules adopted hereby available for public review and inspection to any person requesting same in the same manner and subject to the same rules as other public Agency documents. ADOPTED AND APPROVED by the Cypress Redevelopment Agency of the City of Cypress at a regular meeting held on the 14`h day of February, 2005. _~GZ CHAIRMAN CYPRESS REDEVELOPMENT AGENCY ATTEST: SECRETAPY C RESS REDEVELOPMENT AGENCY STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS I, JILL R. GUERTIN, Secretary of the Cypress Redevelopment Agency, DO HEREBY CERTIFY that the foregoing Resolution was duly adopted at a regular meeting of the Cypress Redevelopment Agency held on the 14`h day of February, 2005, and was carried by the following roll call vote: AYES: 5 AGENCY MEMBERS: Luebben, McCoy, Seymore, Sondhi and McGill NOES: 0 AGENCY MEMBERS: None ABSENT: 0 AGENCY MEMBERS: None SECRETARY C RESS REDEVELOPMENT AGENCY -2- EXHIBIT 1 OWNER PARTICIPATION RULES FOR PROPERTY OWNERS, OPERATORS OF BUSINESSES, AND BUSINESS TENANTS [SEE FOLLOWING PAGES] -3- REPLACE THIS PAGE WITH NEW OP RULES -4-