CRA 96-01-22MINUTES OF A REGULAR MEETING OF THE
CYPRESS REDEVELOPMENT AGENCY
HELD
January 22, 1996
Chairman Bowman called the meeting of the Cypress Redevelopment
Agency to order at 9:40 p.m., Monday, January 22, 1996, in the
Council Chamber, 5275 Orange Avenue, Cypress.
PRESENT:
ABSENT:
Agency Members Bowman, Carroll, Jones, Kerry and
Age
None
MINUTES: It was moved by Agency Member Age and seconded by
Agency Member Carroll to approve the Minutes of December 11,
1995. The motion carried by the following roll call vote:
AYES:
NOES:
ABSENT:
5 AGENCY MEMBERS:
0 AGENCY MEMBERS:
0 AGENCY MEMBERS:
Age, Carroll, Jones, Kerry
and Bowman
None
None
CONSIDERATION OF EXTENSION OF EXCLUSIVE RIGHT TO NEGOTIATE WITH
KRIKORIAN PREMIERE THEATERS, INC., FOR PROPERTY LOCATED AT 5800
LINCOLN AVENUE AND ADJACENT PROPERTIES: The staff report dated
January 15, 1996 stated that on August 28, 1995, the Agency Board
approved Resolution CRA-79, which included the Exclusive Right to
Negotiate (ERN) agreement with Krikorian Premiere Theaters, Inc.
The Developer has met the performance requirement as stated in
the ERN; however, additional time is needed to negotiate the
terms of the agreement.
It was moved by Agency Member Jones and seconded by Agency Member
Age to approve an extension of the Exclusive Right to Negotiate
for a period of time not to exceed 90 days from the January 27,
1996 date of expiration. The motion unanimously carried by the
following roll call vote:
AYES:
NOES:
ABSENT:
5 AGENCY MEMBERS:
0 AGENCY MEMBERS:
0 AGENCY MEMBERS:
Age, Carroll, Jones, Kerry
and Bowman
None
None
ADJOURNMENT:
9:43 p.m.
Agency Chairman Bowman adjourned the meeting at
CHAIRMAN OF
REDEVELOPMENT AGENCY
ATTEST:
SECRetlY ~F THE C~RESS
REDEVELOPMENT AGEMCY