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CRA 98-12-14MINUTES OF A REGULAR MEETING OF THE CYPRESS REDEVELOPMENT AGENCY HELD December 14, 1998 Agency Vice-Chairman Keenan called the meeting of the Cypress Redevelopment Agency to order at 9:t I p.m., in the Council Chamber, 5275 Orange Avenue Cypress. PRESENT: ABSENT: Agency Members McCoy, McGill, Piercy, Sondhi and Keenan None MINUTES: It was moved by Agency Vice-Chairman Keenan and seconded by Agency Member Piercy to approve the minutes of November 23, 1998. The motion was unanimously carried by the following roll call vote: AYES: NOES: ABSENT: 5 AGENCY MEMBERS: McCoy, McGill, Piercy, Sondhi and Keenan 0 AGENCY MEMBERS: None 0 AGENCY MEMBERS: None ACCEPTANCE OF THE COMPONENT UNIT FINANCIAL REPORT OF THE CYPRESS REDEVELOPMENT AGENCY FOR THE PERIOD ENDED JUNE 30, 1998: The Director of Finance and Administrative Services presented the staff's report which recommended the Agency Board to receive and file a Component Unit Financial Statement of the Cypress Redevelopment Agency for the year ended June 30, 1998, prepared by the Agency's Auditors, KPMG Peat Marwick LLP. It was moved by Agency Member Sondhi and seconded by Agency Member McGill to receive and file the Component Unit Financial Statement of the Cypress Redevelopment Agency for the year ended June :30, 1998, prepared by the Agency's Auditors, KPMG Peat Marwick LLP. The motion was unanimously carried by the following roll call vote: AYES: NOES: ABSENT: 5 AGENCY MEMBERS: McCoy, McGill, Piercy, Sondhi and Keenan 0 AGENCY MEMBERS: None 0 AGENCY MEMBERS: None ADJOURNMENT: Agency Vice-Chairman Keenan adjourned the meeting at 9:19 p.m. VICE-CHAIRMAN OF THE CYPRESS REDEVELOPMENT AGENCY ATTEST: REDEVELOPMENT AGENCY