CRA 2006-09-25
MINUTES OF A REGULAR MEETING OF THE
CYPRESS REDEVELOPMENT AGENCY
HELD
September 25,2006
Agency Chairperson Sondhi called the meeting of the Cypress Redevelopment Agency
to order at 5:35 p.m. in the Executive Board Room, 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 Mike McGill (arrived at 5:55 p.m.)
Council/Agency Board Member Todd Seymore
Others present:
Acting City Manager Richard Storey
City Attorney William Wynder
Acting Community Development Director Ted Commerdinger
Chief of Police Rick Hicks
Public Works Director Doug Danes
Recreation and Community Services Director Laura Detweiler
Administrative Services Manager June Liu
Finance Manager Matt Burton
Associate Planner Doug Hawkins
Acting City Clerk Denise Basham
Consent Calendar:
It was moved by Agency Board Member Seymore and seconded by Agency Board
Member McGill, to approve Consent Calendar Items No. 14 and 15.
The motion was unanimously carried by the following roll call vote:
AYES: 5 AGENCY MEMBERS: McCoy, McGill, Seymore, Luebben and Sondhi
NOES: 0 AGENCY MEMBERS: None
ABSENT: 0 AGENCY MEMBERS: None
Item No. 14: ADOPTION OF RESOLUTION ADOPTING REVISED CONFLICT OF
INTEREST CODE FOR THE CYPRESS REDEVELOPMENT AGENCY.
Recommendation: That the Cypress Redevelopment Agency adopt the Resolution by
title only, title as follows, adopting a Conflict of Interest Code for the Cypress
Redevelopment Agency which supersedes all prior Conflict of Interest Codes and
amendments previously adopted.
RESOLUTION NO. CRA - 125
A RESOLUTION OF THE CYPRESS REDEVELOPMENT AGENCY,
ADOPTING A CONFLICT OF INTEREST CODE WHICH SUPERSEDES
ALL PRIOR CONFLICT OF INTEREST CODES AND AMENDMENTS
PREVIOUSL Y ADOPTED.
Item No. 15: EXECUTION OF PROMISSORY NOTES BETWEEN THE CYPRESS
REDEVELOPMENT AGENCY AND THE CITY OF CYPRESS.
Recommendation: That the Cypress Redevelopment Agency Board authorize Agency
staff to execute the Repayment Agreement and three Promissory Notes (Exhibit "B") in
the amount of $9,900,000 with the City of Cypress, with the repayment to the City to be
made from future tax increments or other available project area revenue sources.
END OF CONSENT CALENDAR
CYPRESS REDEVELOPMENT AGENCY SEPTEMBER 25, 2006
ADJOURNMENT: Agency Chairperson Sondhi adjourned the meeting at 8:56 p.m.
CHAI
RED
ATTEST:
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SECRETARY OF THE CYPRESS
REDEVELOPMENT AGENCY
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