CRA 98-06-22MINUTES OF A REGULAR MEETING OF THE
CYPRESS REDEVELOPMENT AGENCY
HELD
June 22,1998
Agency Chairman Jones called the meeting of the Cypress Redevelopment Agency to
order at 11:11p.m., Monday, June 22, 1998, in the Council Chamber, 5275 Orange Avenue,
Cypress.
PRESENT:
ABSENT:
Agency Members Bowman, Keenan, Piercy and Jones
Agency Member Carroll
MINUTES: It was moved by Agency Member Keenan and seconded by Agency Member
Piercv to approve the Minutes of the April 27, 1998 meeting. The motion unanimousIv
carried by the following roll call vote:
AYES: 4 AGENCY MEMBERS: Bowman, Keenan, Piercy and Jones
NOES: 0 AGENCY MEMBERS: None
ABSENT: I AGENCY MEMBERS: Carroll
ADOPTION OF THE 1998-99 BUDGET FOR THE CYPRESS REDEVELOPMENT AGENCY: The Ciffy
Manager asked the Director of Finance and Administrative Services to summarize the staff
report which presented the total proposed budget of $4,382,268 for Redevelopment
Agency adoption. The proposed Debt Service budget is $2,093,950 greater than the 1997-
98 adopted budget and the increase is due to the retirement of a $2,000,000 Promissory
NOte tO the City's Lighting District Fund.
It was moved by Agency Member Piercy and seconded by Agency Chair Jones to adopt
the 1998-99 Agency Budget.
AYES: 4 AGENCY MEMBERS: Bowman, Keenan, Piercy and Jones
NOES: 0 AGENCY MEMBERS: None
ABSENT: I AGENCY MEMBERS: Carroll
ADJOURNMENT: Agency Chair Jones adjourned the meeting at 11:15 p.m.
ATTEST:
SECRETARY OF TH.E CYPRESS REDEVELOPMENT
AGENCY