CRA 2006-05-22
MINUTES OF A REGULAR MEETING OF THE
CYPRESS REDEVELOPMENT AGENCY
HELD
May 22, 2006
Agency Chairperson Sondhi called the meeting of the Cypress Redevelopment Agency
to order at 5:30 p.m. in the Council Chambers, 5275 Orange Avenue, Cypress,
California.
Members present:
Mayor/Agency Chair Lydia Sondhi
Mayor Pro Tem/Agency Vice Chair Phil Luebben
Council/Agency Board Member Frank McCoy
Council/Agency Board Member Todd Seymore
Members absent:
Council/Agency Board Member Mike McGill
Others present:
City Manager David Norman
City Attorney William Wynder
Assistant City Manager David Belmer
Director of Finance and Administrative Services Richard Storey
Chief of Police Rick Hicks
Public Works Director Doug Dancs
Recreation and Community Services Director Laura Detweiler
Police Captain Mark Yokoyama
Assistant City Engineer Kamran Dadbeh
Assistant Community Development Director Ted Commerdinger
Administrative Services Manager June Liu
Associate Planner Doug Hawkins
City Clerk Jill Ingram
Deputy City Clerk Denise Basham
Consent Calendar:
It was moved by Agency Board Member McCoy and seconded by Agency Board
Member Seymore, to approve Consent Calendar Item No. 20.
The motion was unanimously carried by the following roll call vote:
AYES: 4
NOES: 0
ABSENT: 1
AGENCY MEMBERS: McCoy, Seymore, Luebben and Sondhi
AGENCY MEMBERS: None
AGENCY MEMBERS: McGill
Item No. 20: EXECUTION OF PROMISSORY NOTE BETWEEN THE CYPRESS
REDEVELOPMENT AGENCY AND THE CITY OF CYPRESS.
Recommendation: That the Cypress Redevelopment Agency Board authorize Agency
staff to execute the attached Repayment Agreement and Promissory Note (Exhibit "B")
in the amount of $2,000,000 with the City of Cypress, with the repayment to the City
being made from future tax increments or other available project area revenue sources.
ADJOURNMENT: Agency Chairperson Sondhi adjourned the meeting at 9:18 p.m.
ON OF THE CYPRESS
MENT AGENCY
CYPRESS REDEVELOPMENT AGENCY
ATTEST:
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SECRETARY OF THE CYPRESS
REDEVELOPMENT AGENCY
MAY 22,2006
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