CRA 97-06-23MINUTES OF A REGULAR MEETING OF THE
CYPRESS REDEVELOPMENT AGENCY
HELD
June 23,1997
Chairman Bowman called the meeting of the Cypress Redevelopment Agency to order at 11:10 p.m.,
Monday, June 23, 1997, in the Council Chamber, 5275 Orange Avenue, Cypress.
PRESENT:
ABSENT:
Agency Members Bowman, Jones, Keenan, Piercy and Carroll
None
MINUTES: It was moved by Agency Member Keenan and seconded by Agency Member Bowman to
approve the Minutes of June 9, 1997 as submitted. The Finance Director clarified that the minutes were
for the June 9, 1997 meeting, not June 23 as stated on the Agenda. The motion carried by the following
role call vote:
AYES: 5 AGENCY MEMBERS: Bowman, Jones, Keenan, Piemy, and Carroll
NOES: 0 AGENCY MEMBERS: None
ABSENT: 0 AGENCY MEMBERS: None
ADOPTION OF 1997-98 BUDGET FOR THE CYPRESS REDEVELOPMENT AGENCY: The Executive
Director presented the staff report, which indicated that the preliminary budget was reviewed with the
Agency Board, Executive Director and Agency Staff on May 5, 1997, with no changes being
recommended by the Board of Directors. The total proposed budgeted expenditures are $2,582,558. The
total proposed budget is $6,992,451 lower than the previous year's adopted budget. The increase in
Operating Expenditures is the result of increased funding for economic development and housing
assistance. The Finance Director mentioned that this budget does provide funding for a
Redevelopment/Economic Development Manager.
It was moved by Agency Member Bowman and seconded by Agency Member Jones to adopt the 1997-98
Agency Budget. The motion unanimously carried by the following roll call vote:
AYES:
NOES:
ABSENT:
5 AGENCY MEMBERS: Bowman, Jones, Keenan, Piercy and Carroll
0 AGENCY MEMBERS: None
0 AGENCY MEMBERS: None
ADJOURNMENT: Agency Chairman Carroll adjourned the meeting at 11:12 p.m.
oF THE
CHAIRMAN
REDEVELOPMENT AGENCY
ATTEST:
REDEVELOPMENT AGENCY